Sustainability is a very important part of Grundfos’ DNA,and has been the basis for the way we conduct our business from the very beginning. We take responsibility for contributing to global sustainability by pioneering technologies that improve quality of life for people and care for the planet, perfectly in line with our purpose – to be a global leader in advanced pump solutions and a trendsetter in water technology.
In addition, sustainability is a strong innovation and business driver for us.
Benefitting from ambitions
This Grundfos Sustainability Progress Report 2015 reveals that we ourselves are benefitting from our ambitions, while contributing to sustainable development. During 2015, we have reduced our CO2 emission by 7%, energy consumption by 3% and our water consumption by 2% compared to 2014. This is due to the track of our decisions about never emitting more CO2 than in 2008, and reducing our water consumption by 50% before 2025. As Grundfos wants to be recognized as a company conducting responsible business, we have performed pilot projects in five countries in the area of Human Rights in 2015. This will show us the specific areas we need to work on and assist us in defining how to manage our impact going forward.
At Grundfos, we strive to have an attractive and safe workplace where Grundfos employees thrive, and last year we were proud that injuries in the workplace had been reduced. However, 2015 sent us back, as the ratio oflost times injuries increased by 10%, compared to 2014. This development has already been turned, and in 2016 we will continue to demand better results within this area. As it appears from these examples of our sustainability achievements from 2015, this report not only shows positive results, but also exposes room for improvement.
As the basis for this report, we have identified ambition levels and objectives for the six focus areas, included in our sustainability work: Sustainable Product Solutions, People Competences, Environmental Footprint, Workplace, Community and Responsible Business Conduct. Where possible, we have clear key performance indicators in place as well. This has put us in a position, where we can document an immediate, direct and measurable improvement on key sustainability indicators. However, it has also enabled us to identify areas, where we need to improve. In this report, you can read about our progress in 2015 within all six focus areas.
Reporting on sustainability is part of our long-lasting cooperation with the United Nations, as Grundfos has supported the UN Global Compact and its ten principles since 2002. Furthermore, we support Caring for Climate and the CEO Water Mandate as part of our commitment to the UN Global Compact. The Grundfos Sustainability Progress Report 2015 functions as our Communication on Progress (COP). I hope that you will enjoy reading it. Feel free to visit www.grundfos.com/sustainability for more information.
Group Senior Director,
Environment, Health and Safety