ESG Progress

Accelerated sustainability agenda

Embedding sustainability in remuneration

Current

Since 2015, our short-term incentive (STI) program includes a sustainability metric, specifically safety (total accident frequency rate), as a modifier for individual objectives. This safety modifier was chosen to place management’s focus on the well-being of employees and to motivate employees to pay closer attention to safety within and outside of the workplace.
Sustainability-related targets are also directly included as part of the STI individual objectives for some Executive Committee members.

Future

We intend to further develop sustainability key performance metrics (KPIs) for all employees above and beyond the current employee safety metric in the STI.
Our next steps are to perform peer analysis and evaluation, as well as cross reference our 2030 sustainability targets with the objective of defining three to four environmental, social or governance targets for management and employees.

ESG rating upgrades

Our reporting standards

Our 2020 and 2021 Sustainability Reports were published with reference to the GRI Standards 2016. Our 2022 Sustainability Report was prepared referring to the GRI Standards 2021 and according to the SASB standards category: Industrial Machinery & Goods. We continue to closely monitor developments regarding standards and legal requirements and constantly evaluate the implementation of standards in order to increase our reporting transparency.

Global Reporting

This Sustainability Report is published according to the internationally recognized GRI Standards 2021.

SASB

SASB Standards guide the disclosure of ﬁnancially material sustainability information by companies to their investors. Effective as of August 1, 2022, the Value Reporting Foundation – home to the SASB Standards – consolidated into the IFRS Foundation, which established the first International Sustainability Standards Board (ISSB). SASB Standards now fall under the oversight of the ISSB.

Recognition and participation

GRI 2-28

EcoVadis

In recognition of its sustainability business practices, Oerlikon has received the silver award from EcoVadis, one of the world’s leading sustainability ratings providers for corporate social responsibility (CSR).

EqualVoice

We are proud to be one of the companies committed to the EqualVoice United initiative, which advocates gender equality and aims to increase visibility of women in the media.

herCAREER Gender Equality

We are proud to support gender equality in career advancements.

Forbes World's Best Employer

Oerlikon has been ranked among the top 800 companies on the Forbes World's Best Employers 2022 list.