Hager Group releases Sustainability Report: Significant progress in the company’s sustainability journey

Driving change through increased transparency and reporting

With its sustainability report covering the progress of the baseline year 2021 and the following year 2022, Hager Group showcases its dedication to transparency, ethical business practices and sustainable operations. The report is an integral part of the company’s sustainability journey to reduce its environmental impact, ensuring an ethically and environmentally conscious value chain and enhancing the well-being of its employees.

Daniel Hager, Chief Executive Officer of Hager Group says: "Hager Group's sustainability report represents a significant and crucial step in our sustainability efforts as we create transparency for our customers, partners and employees."

Comprehensive Double Materiality Analysis

As part of the report's development, Hager Group has implemented a Double Materiality Analysis, aligning its content with the latest European Sustainability Reporting Standards. This approach goes beyond the traditional reporting of environmental and social impacts and acknowledges the materiality of risks and opportunities from both financial and non-financial perspectives.

“We are building sustainability metrics into how we think, operate, and define success. This way, we can make more meaningful decisions from one stage of the value chain to the next while managing our business in a holistic way,” comments Daniel Hager.

Key Sustainability Areas: Environment, Ethics, and Employees

The report covers progress in all three key areas of the company's sustainability strategy: E3 - Environment, Ethics, and Employees. This strategy is supported by the outcomes of the double materiality analysis and refers to the United Nations' Sustainable Development Goals.

Environment: Targeting 50 percent reduction of direct greenhouse gas emission by 2030 Hager Group has reduced emissions by 8 percent in 2022 compared to the baseline of 2021. Furthermore, Hager Group aims to reduce indirect greenhouse gas emissions by 25 percent by 2030. These science-based short-term goals have also been approved by the Science Based Targets initiative. Moreover, Hager Group is a member of the prestigious "Klimaschutz Unternehmen e.V." (Climate Protection Company) in recognition of its efforts.

Ethics: Hager Group expanded its Ethics Ambassadors network to nearly 30 ambassadors in 2023 compared to 10 in 2021. These ambassadors promote ethical behaviour and are a contact point for employees with ethical concerns.

Employees: In 2021, Hager Group implemented the Hi! University learning hub to enhance employees' professional and personal growth, aligning them with the company's strategy and approach. Approximately 60 percent of employees have been trained on the platform, resulting in a total of 105,000 training hours.

Hager Group boasts a diverse workforce in more than 120 locations comprising over 70 nationalities.

Setting the stage for future sustainable progress and commitments

Hager Group's sustainability report sets the stage for a future of sustainable growth, where environmental stewardship, ethical conduct and employee empowerment are central to the company's operations. By transparently communicating its progress and commitments, Hager Group demonstrates its dedication to making a positive impact on the environment and society.

To access Hager Group's sustainability report and learn more about its sustainability journey,
please visit http://hagergroup.com/sustainability-report.