Oerlikon publishes first Sustainability Report - Aligned with United Nations 2030 Agenda for Sustainable Development - 2030 targets reflect Oerlikon’s focus on the most material ESG contributions
Pfäffikon, Schwyz, Switzerland – March 2, 2021 – Oerlikon (SIX: OERL) today makes a strong public commitment to sustainability by publishing its first Sustainability Report, Innovation for a Sustainable Future.
“Sustainability has been an integral part of our strategy that drives our innovations and operations to serve our customers’ needs for many years,” states Dr. Roland Fischer, CEO Oerlikon Group. “With the report, we now make a public commitment and join the ranks of people proactively engaging with sustainability and inspiring others to do the same.”
Helping customers in key industries to achieve more with less is an integral part of Oerlikon’s value proposition, technologies and operations. Based on the materiality analysis, Oerlikon has selected 8 out of the 17 United Nations Sustainable Development Goals (SDGs) where the company can make the most difference for its stakeholders.
Environmental, social and governance targets for 2030 have been set by the Group in areas that align most closely with its operations, policies and capabilities. These targets, for example using only energy from renewable sources and increasing the number of women in leadership roles, have been selected with care and consideration in areas where Oerlikon can make the greatest impact.
“Setting ambitious targets, such as achieving climate neutrality in our operations by 2030, clearly underlines our commitment,” added Dr. Fischer. “We also intend to have 100% of our R&D investment in new products to cover the ESG criteria. We have always seen innovation and sustainability as interdependent – for example, in 2019, our innovative technology solutions for jet engines helped our customers in the aerospace industry to save 25 million tons of CO2. At the same time, the CO2 impact of our own global operations was only 157 000 tons.”
Oerlikon has many other tangible examples of how its engineering and processing of materials and surfaces contribute to sustainability in collaboration with its customers. Oerlikon’s technologies lengthen the useful life of machinery and tools, improve automotive and aerospace fuel efficiency and pioneer advances in textile manufacturing and the future of mobility.
Oerlikon’s 2020 Sustainability Report is prepared according to the internationally recognized GRI Sustainability Reporting Standards1, underlining the Group’s commitment to transparently sharing its sustainability achievements and progress, and is accessible online at sustainabilityreport.oerlikon.com.
1 GRI Standards (core option).
Oerlikon (SIX: OERL) is a global innovation powerhouse for surface engineering, polymer processing and additive manufacturing. The Group’s solutions and comprehensive services, together with its advanced materials, improve and maximize performance, function, design and sustainability of its customer’s products and manufacturing processes in key industries. Pioneering technology for decades, everything Oerlikon invents and does is guided by its passion to support customer’s goals and foster a sustainable world. Headquartered in Pfäffikon, Switzerland, the Group operates its business in two Divisions – Surface Solutions and Manmade Fibers. It has a global footprint of more than 10 600 employees at 179 locations in 37 countries and generated sales of CHF 2.3 billion in 2020.
OC Oerlikon Corporation AG, Pfäffikon together with its affiliates, hereinafter referred to as “Oerlikon”, has made great efforts to include accurate and up-to-date information in this document. However, Oerlikon makes no representation or warranties, expressed or implied, as to the truth, accuracy or completeness of the information provided in this document. Neither Oerlikon nor any of its directors, officers, employees or advisors, nor any other person connected or otherwise associated with Oerlikon, shall have any liability whatsoever for loss howsoever arising, directly or indirectly, from any use of this document.
The contents of this document, including all statements made therein, are based on estimates, assumptions and other information currently available to the management of Oerlikon. This document contains certain statements related to the future business and financial performance or future events involving Oerlikon that may constitute forward-looking statements. The forward-looking statements contained herein could be substantially impacted by risks, influences and other factors, many of which are not foreseeable at present and/or are beyond Oerlikon’s control, so that the actual results, including Oerlikon’s financial results and operational results, may vary materially from and differ from those, expressly or implicitly, provided in the forward-looking statements, be they anticipated, expected or projected. Oerlikon does not give any assurance, representation or warranty, expressed or implied, that such forward-looking statements will be realized. Oerlikon is under no obligation to, and explicitly disclaims any obligation to, update or otherwise review its forward-looking statements, whether as a result of new information, future events or otherwise.
This document, including any and all information contained therein, is not intended as, and may not be construed as, an offer or solicitation by Oerlikon for the purchase or disposal of, trading or any transaction in any Oerlikon securities. Investors must not rely on this information for investment decisions and are solely responsible for forming their own investment decisions.