The materiality analysis was carried out based on the GRI Standards. It prioritises the key topics for Geberit and simultaneously highlights the areas in which added value for stakeholders is created. Material aspects are deemed material if they are significant from the internal perspective of the company and/or the external perspective of stakeholders. Based on the stakeholder analysis, Geberit identifies both potential for conflict and opportunities, and pursues a cooperative approach when it comes to discussing and further developing possible measures with the stakeholders concerned.
In agreement with the Group Executive Board, the update of the materiality analysis in 2022 focused on aligning it closely with the corporate strategy and sustainability strategy. This resulted in fewer topics overall. The names of these topics are based on the corporate strategy and sustainability strategy, resulting in a consolidated name in some cases. The updated materiality analysis was also reviewed by an external stakeholder panel and amended slightly in the reporting year. It became clear that a high degree of consensus existed between the internal standpoint of the company and the assessment of the stakeholder panel, see Panel Statement.
Value Creation
Materiality analysis
Sustainability strategy
Mission
We continuously improve the quality of people’s lives with innovative sanitary products.
Geberit concentrates on sanitary and piping systems for transporting water in buildings, as well as bathroom ceramics and furniture. In these areas, Geberit has comprehensive know-how and supplies high-quality, integrated and water-saving sanitary technology as well as attractive design.
Commitment to innovation and sustainability
Continuously optimising and extending the product range is crucial for future success. Innovative strength is founded on research in areas such as hydraulics, statics, fire protection, hygiene and acoustics, as well as process and materials technology. The insights gained are systematically applied in the development of products and systems for the benefit of customers. Here, the aspects of design are constantly growing in importance.
Selective geographic expansion
An important factor in long-term success is stronger growth in the markets in which Geberit products or technology are still under-represented. Outside Europe, Geberit concentrates on the most promising markets. These include North America, China, Southeast Asia, Australia, the Gulf Region, South Africa and India. With the exception of North America and Australia, the company mainly engages in project business in these markets. The company always adheres strictly to the existing high standards in terms of quality and profitability.
Continuous optimisation of business processes
Efficient processes will help to establish a leading and competitive cost structure on a long-term basis. Process optimisation will be partly achieved through Group-wide projects and partly through employees identifying improvement potential in their day-to-day work, thus making a major contribution toward positive development.
People
Planet
Profit
