Annual Report 2023
Annual Report
2023
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Business Report
Business Report
Business year at a glance
Editorial
Geberit share information
Management structure
Business and financial review
Business and financial review
Strategy and goals
Strategy and goals
Strategy
Strategic success factors
Medium-term goals
Value-oriented management
Risk management
Financial Year 2023
Financial Year 2023
Market environment
Net sales
Results
Financial structure
Investments
Employees
Customers
Innovation
Procurement
Production
Logistics
Sustainability
Social responsibility
Information Technology (IT)
Compliance
Changes in Group structure
Outlook 2024
Corporate Governance
Corporate Governance
0. Introduction
1. Group structure and shareholders
2. Capital structure
3. Board of Directors
4. Group Executive Board
5. Compensations, shareholdings and loans
6. Participatory rights of shareholders
7. Changes of control and defence measures
8. Auditors
9. Information policy
10. Blackout periods
Remuneration Report
Remuneration Report
1. Introduction
2. Foreword by the Chair of the Nomination & Compensation Committee
3. Remuneration at a glance
4. Determination of remuneration
5. Remuneration architecture
6. Board of Directors: remuneration and share ownership in 2023
7. Group Executive Board: remuneration and share/option ownership in 2023
8. Summary of share and option plans 2023
9. Summary of shares and options held by management and employees as of 31 December 2023
10. Functions held by members of the Board of Directors and by members of the Group Executive Board in other companies
11. Report of the statutory auditor
Financials
Financials
Financial year at a glance
10-year key figures
Consolidated Financial Statements Geberit Group
Consolidated Financial Statements Geberit Group
Balance Sheet
Income Statement
Statement of Comprehensive Income and Changes in Equity
Statement of Cashflows
Notes to the Consolidated Financial Statements
Notes to the Consolidated Financial Statements
1
Basic information
2
Changes in Group structure
3
Summary of significant accounting policies
4
Risk assessment and management
5
Management of capital
6
Trade accounts receivable
7
Other current assets and current financial assets
8
Inventories
9
Property, plant and equipment
10
Other non-current assets and non-current financial assets
11
Goodwill and intangible assets
12
Short-term debt
13
Other current liabilities and provisions
14
Long-term debt
15
Financial instruments
16
Retirement benefit plans
17
Participation plans
18
Deferred tax assets and liabilities
19
Other non-current liabilities and provisions
20
Contingencies
21
Capital stock and treasury shares
22
Earnings per share
23
Other operating expenses, net
24
Financial result, net
25
Income tax expenses
26
Research and development cost
27
Free Cashflow
28
Segment reporting
29
Related party transactions
30
Foreign exchange rates
31
Subsequent events
32
Group companies as at 31 December 2023
Report of the statutory auditor
Financial statements Geberit AG
Financial statements Geberit AG
Balance sheet
Income statement
Notes to the financial statements
Notes to the financial statements
1. Standards
2. Other statutory disclosures
3. Profit distribution
Report of the statutory auditor
Sustainability
Sustainability
Sustainability at a glance
10-year key figures environment
Key figures sustainability
Key figures sustainability
Environment
Employees and society
Introduction sustainability report
Business model and value chain
Materiality analysis
Materiality analysis
Process of determining material topics (GRI 3-1)
List of material topics (GRI 3-2)
Sustainability strategy
Sustainability performance report
Sustainability performance report
Organisational profile
Organisational profile
GRI 2-1
Organisation
GRI 2-2
Basis of consolidation
GRI 2-3
Reporting period, cycle and contact point
GRI 2-4
Restatements of information
GRI 2-5
External assurance
Activities
Activities
GRI 2-6
Activities, value chain and business relationships
GRI 2-7, GRI 2-8
Composition of the workforce and further employees
Governance
Governance
GRI 2-9
Governance structure
GRI 2-10
Nomination and selection process of the Board of Directors
GRI 2-11
Separation of Chair of Board of Directors and Executive Management
GRI 2-12
Role of top management and Board of Directors in monitoring the impacts of Geberit’s business activities
GRI 2-13
Delegation of authority on economic, environmental and social matters
GRI 2-14
Review and approval of sustainability reporting
GRI 2-15
Processes in place for the Board of Directors to avoid conflicts of interest
GRI 2-16
Procedures for communicating critical concerns
GRI 2-17
Enhancement of top management’s and Board of Directors’ related know-how on economic, environmental and social issues
GRI 2-18
Processes for evaluation of the sustainability performance of the Board of Directors
GRI 2-19
Remuneration policies for the governance bodies
GRI 2-20
Processes for determining remuneration
GRI 2-21
Ratio of annual remuneration paid
Strategy, policies and practices
Strategy, policies and practices
GRI 2-22
Statement of the Chairman of the Board of Directors and the CEO on sustainability
GRI 2-23
Values, standards and codes of conduct
GRI 2-24
Implementation of standards and codes of conduct
GRI 2-25
Handling negative effects
GRI 2-26
Ethical advice and concerns
GRI 2-27
Compliance with laws and regulations
GRI 2-28
Membership of associations
Stakeholder engagement
Stakeholder engagement
GRI 2-29
Identification and selection of stakeholders, plus stakeholder engagement
GRI 2-30
Collective bargaining agreements
Employees
Employees
Introduction
Employment (GRI 401)
Training and education (GRI 404)
Diversity and equal opportunity (GRI 405)
Non-discrimination (GRI 406)
Freedom of association (GRI 407)
Occupational health and safety (GRI 403)
Society
Society
Anti-corruption (GRI 205)
Anti-competitive behaviour (GRI 206)
Child labour (GRI 408)
Forced or compulsory labour (GRI 409)
Social responsibility
Environment
Environment
Introduction
Resources and circular economy (GRI 301)
Energy (GRI 302)
CO
2
and other emissions (GRI 305)
Water and waste water (GRI 303)
Waste (GRI 306)
Products and innovation
Products and innovation
Product management and innovation
Product quality
Product compliance
Operations
Operations
Procurement
Production
Logistics
Customers
Customers
Customer relations
Customer health and safety (GRI 416)
Marketing and product labelling (GRI 417)
Digitalisation/BIM
Data protection (GRI 418)
Reporting Standards
Reporting Standards
GRI Content Index
Art. 964a ff. CO Content Index
SASB Content Index
SDG Reporting
Communication on Progress UNGC
TCFD Reporting
Audit Report Greenhouse Gas Balance
Highlights
Highlights
Competencies
Competencies
150 years of Geberit
Home-made bathroom furniture
Length is everything
Perforated plate seeks paste
From 17 to 1
The mediator of know-how
Markets
Markets
New building creates familiarity
A change for the better
Back to the ISH
A Geberit bathroom shines on Netflix
Employees
Employees
Now he’s learning Arabic
A calling, not a profession
Bringing family and management together
Asking the questions
From apprentice to manager
Building bridges between IT and logistics
A one-two with customers
Sustainability
Sustainability
Fifty years of spare parts availability
Working together for better hygiene
Products
Products
New in black matt
Top flushing-out performance
AquaClean in unusual locations
Well connected
Floating and puristic
Sleek elegance
Geberit FlowFit – a big hit in Europe
An illuminating design variety
Optimised flush valve
References
References
A GIS record in South Korea
A fascinating interplay of light
Luxury hotel with 76 shower toilets
Where the music plays
Vilnius aims high
SuperTube in a renovation project
In SuperTube city
A reflective cube
Set in stone
Business Report
Home
Business year at a glance
Editorial
Geberit share information
Management structure
Business and financial review
Business and financial review
Strategy and goals
Strategy and goals
Strategy
Strategic success factors
Medium-term goals
Value-oriented management
Risk management
Financial Year 2023
Financial Year 2023
Market environment
Net sales
Results
Financial structure
Investments
Employees
Customers
Innovation
Procurement
Production
Logistics
Sustainability
Social responsibility
Information Technology (IT)
Compliance
Changes in Group structure
Outlook 2024
Corporate Governance
Corporate Governance
0. Introduction
1. Group structure and shareholders
2. Capital structure
3. Board of Directors
4. Group Executive Board
5. Compensations, shareholdings and loans
6. Participatory rights of shareholders
7. Changes of control and defence measures
8. Auditors
9. Information policy
10. Blackout periods
Remuneration Report
Remuneration Report
1. Introduction
2. Foreword by the Chair of the Nomination & Compensation Committee
3. Remuneration at a glance
4. Determination of remuneration
5. Remuneration architecture
6. Board of Directors: remuneration and share ownership in 2023
7. Group Executive Board: remuneration and share/option ownership in 2023
8. Summary of share and option plans 2023
9. Summary of shares and options held by management and employees as of 31 December 2023
10. Functions held by members of the Board of Directors and by members of the Group Executive Board in other companies
11. Report of the statutory auditor
Financials
Home
Financial year at a glance
10-year key figures
Consolidated Financial Statements Geberit Group
Consolidated Financial Statements Geberit Group
Balance Sheet
Income Statement
Statement of Comprehensive Income and Changes in Equity
Statement of Cashflows
Notes to the Consolidated Financial Statements
Report of the statutory auditor
Financial statements Geberit AG
Financial statements Geberit AG
Balance sheet
Income statement
Notes to the financial statements
Notes to the financial statements
1. Standards
2. Other statutory disclosures
3. Profit distribution
Report of the statutory auditor
Sustainability
Home
Sustainability at a glance
10-year key figures environment
Key figures sustainability
Key figures sustainability
Environment
Employees and society
Introduction sustainability report
Business model and value chain
Materiality analysis
Materiality analysis
Process of determining material topics (GRI 3-1)
List of material topics (GRI 3-2)
Sustainability strategy
Sustainability performance report
Sustainability performance report
Organisational profile
Organisational profile
GRI 2-1
Organisation
GRI 2-2
Basis of consolidation
GRI 2-3
Reporting period, cycle and contact point
GRI 2-4
Restatements of information
GRI 2-5
External assurance
Activities
Activities
GRI 2-6
Activities, value chain and business relationships
GRI 2-7, GRI 2-8
Composition of the workforce and further employees
Governance
Governance
GRI 2-9
Governance structure
GRI 2-10
Nomination and selection process of the Board of Directors
GRI 2-11
Separation of Chair of Board of Directors and Executive Management
GRI 2-12
Role of top management and Board of Directors in monitoring the impacts of Geberit’s business activities
GRI 2-13
Delegation of authority on economic, environmental and social matters
GRI 2-14
Review and approval of sustainability reporting
GRI 2-15
Processes in place for the Board of Directors to avoid conflicts of interest
GRI 2-16
Procedures for communicating critical concerns
GRI 2-17
Enhancement of top management’s and Board of Directors’ related know-how on economic, environmental and social issues
GRI 2-18
Processes for evaluation of the sustainability performance of the Board of Directors
GRI 2-19
Remuneration policies for the governance bodies
GRI 2-20
Processes for determining remuneration
GRI 2-21
Ratio of annual remuneration paid
Strategy, policies and practices
Strategy, policies and practices
GRI 2-22
Statement of the Chairman of the Board of Directors and the CEO on sustainability
GRI 2-23
Values, standards and codes of conduct
GRI 2-24
Implementation of standards and codes of conduct
GRI 2-25
Handling negative effects
GRI 2-26
Ethical advice and concerns
GRI 2-27
Compliance with laws and regulations
GRI 2-28
Membership of associations
Stakeholder engagement
Stakeholder engagement
GRI 2-29
Identification and selection of stakeholders, plus stakeholder engagement
GRI 2-30
Collective bargaining agreements
Employees
Employees
Introduction
Employment (GRI 401)
Training and education (GRI 404)
Diversity and equal opportunity (GRI 405)
Non-discrimination (GRI 406)
Freedom of association (GRI 407)
Occupational health and safety (GRI 403)
Society
Society
Anti-corruption (GRI 205)
Anti-competitive behaviour (GRI 206)
Child labour (GRI 408)
Forced or compulsory labour (GRI 409)
Social responsibility
Environment
Environment
Introduction
Resources and circular economy (GRI 301)
Energy (GRI 302)
CO
2
and other emissions (GRI 305)
Water and waste water (GRI 303)
Waste (GRI 306)
Products and innovation
Products and innovation
Product management and innovation
Product quality
Product compliance
Operations
Operations
Procurement
Production
Logistics
Customers
Customers
Customer relations
Customer health and safety (GRI 416)
Marketing and product labelling (GRI 417)
Digitalisation/BIM
Data protection (GRI 418)
Reporting Standards
Reporting Standards
GRI Content Index
Art. 964a ff. CO Content Index
SASB Content Index
SDG Reporting
Communication on Progress UNGC
TCFD Reporting
Audit Report Greenhouse Gas Balance
Highlights
Competencies
Markets
Employees
Sustainability
Products
References
All Highlights
Services
Downloads
Chart generator
GRI Content Index
Services
Downloads
Chart generator
GRI Content Index
Home
Sustainability
Sustainability performance report
Products and innovation
Product compliance
Product compliance
Management approach product compliance
See
GRI 416
and
GRI 417
.
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