Interactive Impact Heatmap
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Belimo is a global manufacturer of actuators for valves and flaps in heating, ventilation, and air conditioning systems.
SWITZERLAND
CH0001503199
CEO
Lars van der Haegen
Revenue
CHF 765m
ROCE
34%
Source: Bloomberg, Carnot Capital
Sika provides products for bonding, sealing, damping, reinforcing, and protecting in buildings and vehicles. It offers solutions for concrete, waterproofing, cement additives, rigid bonding, joint sealing, and tunneling and mining.
SWITZERLAND
CH0418792922
CEO
Thomas Hasler
Revenue
CHF 9'167m
ROCE
21%
Source: Bloomberg, Carnot Capital
Geberit manufactures sanitary products and systems for the residential and industrial construction industry, such as installation systems, cisterns, faucets and flushing systems, waste fittings and traps. The firm also sells piping systems such as building drainage and supply systems.
SWITZERLAND
CH0030170408
CEO
Christian Buhl
Revenue
CHF 3'436m
ROCE
33%
Source: Bloomberg, Carnot Capital
Somfy SA provides automatic control of openings and closures in homes and buildings, awnings, blinds, facades, garage doors, security grilles, shutters, and other related services. Somfy serves customers worldwide.
FRANCE
NL0006237562
CEO
Pierre Ribeiro
Revenue
EUR 1'478m
ROCE
50%
Source: Bloomberg, Carnot Capital
Kone OYJ provides solutions for the installation, maintenance, and modernization of elevators and escalators and the maintenance of automatic building doors.
FINLAND
FI0009013403
CEO
Henrik Ehrnrooth
Revenue
EUR 10'491m
ROCE
50%
Source: Bloomberg, Carnot Capital
Bravida Holding AB provides installation service for heating and plumbing, and HVAC in buildings and plants. Bravida Holding serves customers in Sweden, Norway, and Denmark.
SWEDEN
SE0007491303
CEO
Mattias Johansson
Revenue
SEK 21'645m
ROCE
50%
Source: Bloomberg, Carnot Capital
Instalco AB provides installation and maintenance of plumbing, electrical, heating, cooling, and ventilation systems. Intalco serves customers in Sweden.
SWEDEN
SE0009664253
CEO
Per Sjöstrand
Revenue
SEK 8'746m
ROCE
48%
Source: Bloomberg, Carnot Capital
Inwido AB supplies wood-based windows and doors. The Company manufactures environmentally-friendly products for consumers, manufacturers of prefabricated homes, and building companies. Inwido operates in the Nordic countries and in the UK.
SWEDEN
SE0006220018
CEO
Henrik Hjalmarsson
Revenue
SEK 7'557m
ROCE
>50%
Source: Bloomberg, Carnot Capital
NIBE Industrier AB is an international heating technology company and provides heat pumps, boiler and water heaters, electrical heating elements as well as freestanding fireplaces.
SWEDEN
SE0008321293
CEO
Gerteric Lindquist
Revenue
SEK 30'793m
ROCE
40%
Source: Bloomberg, Carnot Capital
Hubbell Incorporated manufactures electrical and electronic products for commercial, industrial, utility, and telecommunications markets. The Company's products include plugs, receptacles, connectors, lighting fixtures, high voltage test and measurement equipment, and voice and data signal processing components. Hubbell operates in the United States and overseas.
USA
US4435106079
CEO
Gerben W. Bakker
Revenue
USD 4'706m
ROCE
50%
Source: Bloomberg, Carnot Capital
ABB Limited provides power and automation technologies including power products, power systems, automation products, process automation, and robotics.
SWITZERLAND
CH0012221716
CEO
Björn Rosengren
Revenue
CHF 26'521m
ROCE
29%
Source: Bloomberg, Carnot Capital
Friedrich Vorwerk operates as an energy company. The company provides energy transportation and transformation infrastructure for the gas, electricity, and hydrogen markets, mainly in Germany.
GERMANY
DE000A255F11
CEO
Torben Kleinfeldt
Revenue
EUR 279m
ROCE
24%
Source: Bloomberg, Carnot Capital
Energiekontor develops and operates wind and solar energy projects in Germany, UK, France, Portugal and USA.
SWEDEN
SE0007158910
CEO
Ole Kristian Jødahl
Revenue
SEK 3'701m
ROCE
8%
Source: Bloomberg, Carnot Capital
Schneider Electric SE manufactures electrical power products. The Company offers car chargers, home security goods, light switches, access control, sensors, valves, circuit breakers, cables, accessories, signaling devices, fuse, motor starters, and voltage transformers.
FRANCE
FR0000121972
CEO
Jean-Pascal Tricoire
Revenue
EUR 28'749m
ROCE
26%
Source: Bloomberg, Carnot Capital
Andritz supplies plants, equipment, and services for hydropower stations, for the pulp and paper, metalworking, steel, and solid and liquid separation industry, worldwide.
AUSTRIA
AT0000730007
CEO
Joachim Schönbeck
Revenue
EUR 6'483m
ROCE
50%
Source: Bloomberg, Carnot Capital
Afry provides engineering, designing and consulting services in energy, industry, and infrastructure sectors, mainly in Scandinavia and in Switzerland.
SWEDEN
SE0005999836
CEO
Jonas Gustavsson
Revenue
SEK 19'979m
ROCE
43%
Source: Bloomberg, Carnot Capital
Sandvik AB is a high-technology engineering group. The Company develops, manufactures, and markets tools for metalworking applications, machinery and tools for rock excavation, stainless steel products, special alloys, and resistance heating materials and process systems. Sandvik markets to industrial companies throughout the world.
SWEDEN
SE0000667891
CEO
Stefan Widing
Revenue
SEK 97'328m
ROCE
17%
Source: Bloomberg, Carnot Capital
Hexagon AB is a global provider of design, measurement and visualisation technologies. The main business area, Measurement Technologies, includes three application areas: Geosystems, Metrology and Technology, that provide systems to design, measure and position objects, and process and present data.
SWEDEN
SE0000103699
CEO
Ola Rollen
Revenue
SEK 45'353m
ROCE
41%
Source: Bloomberg, Carnot Capital
Vestas Wind Systems A/S provides wind turbines that generate electricity. The Company installs and maintains turbines. Vestas Wind Systems serves customers worldwide.
DENMARK
DK0010268606
CEO
Henrik Andersen
Revenue
DKK 118'855m
ROCE
0%
Source: Bloomberg, Carnot Capital
Chart Industries provides actuators, systems and related products to the valve industry. The main business operations are: Process Control, Electric, Fluid Systems and Gears. Chart Industries operates worldwide.
USA
US16115Q3083
CEO
Jillian Evanko
Revenue
USD 1'312m
ROCE
50%
Source: Bloomberg, Carnot Capital
Ems-Chemie Holding AG manufactures performance polymers, high-grade chemical intermediates, fine chemicals, and protective bonding, coating and sealing products. The Company supplies its products to the automotive, transportation, and textile industries.
SWITZERLAND
CH0016440353
CEO
Magdalena Martullo-Blocher
Revenue
CHF 2'222m
ROCE
>50%
Source: Bloomberg, Carnot Capital
Stadler Rail AG engineers and manufactures trains. The Company offers suburban and regional transport trains, light rail vehicles, trams, and locomotives. Stadler Rail serves customers worldwide.
SWITZERLAND
CH0002178181
CEO
Peter Spuhler
Revenue
CHF 3'702m
ROCE
16%
Source: Bloomberg, Carnot Capital
Lem Holding SA produces transducers and sensors which measure high voltage currents, variable speed drives, uninterrupted power supplies, and testers for semiconductors. Lem's components are used in locomotives, trams, trolleys, and the French TGV high-speed trains. The Company sells its products globally.
SWITZERLAND
CH0022427626
CEO
Frank Rehfeld
Revenue
CHF 293m
ROCE
50%
Source: Bloomberg, Carnot Capital
Knorr-Bremse Aktiengesellschaft produces braking systems for rail and commercial vehicles. The Company provides entrance, windscreen wipers, driver assistance, and power supply systems, as well as platform screen doors and torsional vibration dampers. Knorr-Bremse serves customers worldwide.
GERMANY
DE000KBX1006
CEO
Frank Markus Weber
Revenue
EUR 6'698m
ROCE
-3%
Source: Bloomberg, Carnot Capital
Norma Group SE provides plastic and metal-based connectors for cooling system, air intake and induction, emission control, ancillary system and infrastructure.
GERMANY
DE000A1H8BV3
CEO
Michael Schneider
Revenue
EUR 1'082m
ROCE
-2%
Source: Bloomberg, Carnot Capital
Concentric AB manufactures hydraulic products and diesel engine pumps. The Company markets its products to manufacturers of trucks, agricultural equipment, industrial vehicles and off-road machinery.
SWEDEN
SE0003950864
CEO
David Woolley
Revenue
SEK 2'118m
ROCE
10%
Source: Bloomberg, Carnot Capital
Melexis NV designs and manufactures advanced integrated semiconductors, sensor ICs, and programmable sensor IC systems that meet the requirements of the automotive industry. Headquartered in Belgium, the Company has locations in France, Germany, Switzerland, Bulgaria, Ukraine, and the United States.
BELGIUM
BE0165385973
CEO
Marc Biron
Revenue
EUR 641m
ROCE
43%
Source: Bloomberg, Carnot Capital
Cummins manufactures diesel and natural gas engines for trucks, ships and electric power generators.
USA
US2310211063
CEO
Jennifer Rumsey
Revenue
USD 23'890m
ROCE
28%
Source: Bloomberg, Carnot Capital
Affordable andclean energy
Affordable and clean energy Significant Impact
Strategy
"Innovative solutions for more comfort, energy efficiency and security."
Products
- Ventilation air flap actuators with sensor (60% electricity saving): regulates air inflow according to room occupancy
- Energy valve with sensors (30%): For flow optimization in heating/cooling systems
- Throttle valves (20%): Combined valve and drive without electric supply
Over 6 mn actuators solved p.a.
Share of company sales generating positive impact: 80%
Research and development expenditure: 7.4%
Other aspects & engagement
Belimo is respected as innovation leader in a key are of Energy Efficiency.
Health: Belimo products improve the air quality in big cities because the enable great savings in electricity which is typically provided by coal power plants.
Successful Engagement to manage, measure and document CO2 abatement of Belimo products; completed in sustainability report.
We brought a smart metering specialist to Belimo for an exploration of ways how to generate billable energy data with the Belimo Energy Valve; completed with the generation IV, released in June 2021.
Source: Extract from Carnot impact analysis
Affordable and clean energy Substantial Impact
Strategy
With its newly defined sustainability targets for the reduction of energy and water consumption, as well as waste, Sika will be minimizing its need for resources and the environmental impacts of the production process. Sika’s overriding goal is to reduce CO2 emissions per ton sold by 12% by 2023.
As a global company, Sika is committed to sustainable development. The company honors its responsibilities by offering sustainable solutions for energy-efficient construction and innovative vehicles.
Products
- Cement admixtures for low water consumption
- for the use of recycled cement
- for a lower need of cement in concretes
- Combined wood cement structures
- Sikaklastik roof membranes with high sun reflection
- Sealing products for lower vehicle weight
- for wind and PV sites
Share of company sales generating positive impact: 25%
Research and development expenditure: 2.5%
Other aspects & engagement
Stringent management of sustainability targets such as CO2, waste, water etc. Proprietary SDG impact analysis. Signatory of the UN Global Compact.
We encouraged the company to disclose the positve impacts of Sika products and to calculate reduction of greenhouse gas reduction.
Source: Extract from Carnot impact analysis
Affordable and clean energy Substantial Impact
Strategy
"For Geberit, sustainability means being oriented towards the future and being successful over the long term. A long-term orientation results when a balance is struck between economic, environmental and social aspects in all decision-making processes."
Products
- Toilet flushing system with srongly reduced water consumption
- Urinal system with different operating modes, saving water and energy
- 'Supertube technology' leads to substantial material savings
Share of company sales generating positive impact: 50%
Research and development expenditure: approx. 2.5%
Other aspects & engagement
Signatory of the UN Global Compact since 2008. Active contribution to 4 SDGs, very detailed progress reporting.
Source: Extract from Carnot impact analysis
Affordable and clean energy Substantial Impact
Strategy
"Somfy creates innovative solutions for homes and buildings in three areas:
1. Comfort and well-being at any age
2. Security of people and property
3. Energy savings"
Products
- Automated shading (sunlight protection): Increases the use of shutters and blades by the factor of 20. Automation lowers energy consumption of lighting, heating and cooling. The motorization and automation is an important element of the smart building concept.
- Intelligent, wireless addressable heating valves
- Intelligent, wireless addressable light switches
Share of company sales generating positive impact: 90%
Research and development expenditure: 8%
Other aspects & engagement
Somfy aims at climate protection over three paths: Lowering emissioins in manufacturing, develop products with lower energy consumption, develop products that enable lower energy consumption of lighting/heating/coooling.
Source: Extract from Carnot impact analysis
Affordable and clean energy Substantial Impact
Strategy
"Innovations and Resource Efficiency: Innovations have an important role in tackling issues like social progress and climate change. Increasing resource efficiency is among our top priorities and we always work to do things in smarter ways."
Products
- Elevators and escaltors that consume up to 80% less energy than 15 years ago.
- Highly efficient driveless EcoDisc motor with frequency converter
- Energy recuperation in downward movement
- Extra-light Ultra Rope for very high buildings
- Remote service and optimization (less trafic, optimal operational efficiency)
- Modernization solutions for improved energy efficiency
Share of company sales generating positive impact: 70%
Research and development expenditure: 1.8%
Other aspects & engagement
Leadership score A in CDP's Global A List. Very comprehensive sustainability management inc. supply chain, ISO 14001 implemented. SBTI commitment and set targets for 1.5 degrees.
Source: Extract from Carnot impact analysis
Affordable and clean energy Substantial Impact
Strategy
"Bravida aims to operate a responsible business and ensure efficient management of its own and others’ resources. This includes the environmental, economic and social factors relating to our business. We take focused measures to achieve clear results."
Products
Bravida's installation business contributes to the infrastructure of buildings, and thereby has a significant impact on the use of resources in the long term. Main areas for improvement:
- Improve energy efficiency through smart buildings
- Increase employee safety and health
Share of company sales generating positive impact: >50%
Research and development expenditure: < 1%
(innovation happens more on building material and on planning level)
Source: Extract from Carnot impact analysis
Affordable and clean energy Substantial Impact
Strategy
"For Instalco, sustainability means running operations responsibly and applying a holistic approach to the economic, environmental and social aspects. Our aim is to help benefit society on a daily basis through our local presence and our technical, efficient solutions in all of our areas of expertises."
Products
Instalco's installation business contributes to the infrastructure of buildings, and thereby has a significant impact on the use of resources in the long term. Main areas for improvement:
- Improve energy efficiency through smart buildings
- Safe and modern work environment
Share of company sales generating positive impact: 70%
Research and development expenditure: < 1%
(innovation happens more on building material and on planning level)
Source: Extract from Carnot impact analysis
Affordable and clean energy Substantial Impact
Strategy
"Managing and developing the strongest companies that improve people’s lives indoors with solutions for comfort, climate and safety, inspires employees and generates value for shareholders."
Products
Inwido is Europe's leading window group, with activities mainly in Scandinavia. Its products improve indoor climate and reduce energy consumption through:
- High quality windows (mainly wood frames)
- Decrease climate impact from own operations and suppliers
- Reuse and recycle materials
Share of company sales generating positive impact: 90%
Research and development expenditure: 1-2%
(innovation partially in glas production)
Other aspects & engagement
- "Inwido's objective is for zero accidents to occur in ist operations."
- "Inwido targets having an even gender distribution in the Group Management Team and on the Board of Directors."
Source: Extract from Carnot impact analysis
Affordable and clean energy Significant Impact
Strategy
"The NIBE Group contributes to lower carbon dioxide emissions and better energy efficiency. In our three business areas - Climate Solutions, Element and Stoves - we develop, manufacture and market a wide range of environmentally friendly and energy-efficient solutions."
Products
- Heatpumps: 80% of the heat is sourced from the environment, i.e. from the soil or from the air.
- Heat exchangers for heating and cooling circuits
- Electric resistors for wind turbines that permit short interruptions
Share of company sales generating positive impact: 72%
Research and development expenditure: 2.9%
Other aspects & engagement
Nibe is the undisputed market leader in the European and North American heat pump market. Heat pumps are kind of a "killer application" in the fighting the over 30% of CO2 emissions caused by buildings.
Source: Extract from Carnot impact analysis
Affordable and clean energy Substantial Impact
Strategy
"Across our Company, we remain focused on embedding sustainability into our overall business strategy. We pride ourselves on delivering products and solutions that make critical infrastructure operate efficiently, safely, reliably, and sustainably."
Products
- Grid technology for renewables
- Presence detectors
- Wireless controls and switches
- Advanced metering for power, water and gas
Share of company sales generating positive impact: approx. 30%
Research and development expenditure: 3%
Source: Extract from Carnot impact analysis
Affordable and clean energy Significant Impact
Strategy
"With our 2030 sustainability strategy, we are actively enabling a low-carbon society as well as working with our customers and suppliers to implement sustainable practices across our value chain and the lifecycle of our products and solutions."
"We are dedicated to continuous improvement with respect to our products and services by seeking, among other things, to reduce emissions."
Products
- Buildings: Intelligent monitoring and control of energy use (smart building)
- Electricity: Grid technology, substations, grid management, grid connection of wind parks
- Industry: Highly efficient and intelligent electric motor drives, frequency converters, robots, industry automation (industry 4.0)
- Transport: Charging infrastructure, electricyty supply for rail vehicles
Share of company sales generating positive impact: >70%
Research and development expenditure: 4.3%
Other aspects & engagement
Explicit targets: CO2 neutrality, saving of 100 mn tonnes CO2 throuh ABB technology by 2030, engagement with suppliers for lower carbon footprint. Committed in the Science Based Targets Initiative.
Source: Extract from Carnot impact analysis
Affordable and clean energy Substantial Impact
Strategy
"We are a driver of the European energy transition with innovative and reliable solutions for the energy infrastructure of tomorrow."
Products
- Infrastructure created so that the green hydrogen can reach the consumers.
- CO2-neutral gas pressure regulating and metering systems: Reduction of energy consumption, as Vorwerk technology does not require the combustion of gas.
- Plant construction for biogas processing: Reduction of resource consumption through reuse of organic waste materials.
Share of company sales generating positive impact: 10%
Research and development expenditure: 2%
Source: Extract from Carnot impact analysis
Affordable and clean energy Significant Impact
Strategy
"As a pioneer of the energy transition, we want to realize our vision of 100% renewable energy."
Products
- Project planning and sale of wind and solar parks
- Power generation in Group-owned wind and solar parks
- Operational development and innovation (optimization of operational value creation)
Share of company sales generating positive impact: 100%
Research and development expenditure: 1.9%
(Calculation of R&D expenses: 100% personnel expenses of "Operational Development and Innovation" segment (rotor blade extension, efficiency improvement), plus 10% personnel expenses in project development business)
Source: Extract from Carnot impact analysis
Affordable and clean energy Substantial Impact
Strategy
"Sustainability is at the heart of our strategy: Our mission is to help businesses meet their energy challenge -keep global warming below the 2°C limit- while achieving better operational efficiency."
Products
- EcoStruxure technology platform: IoT systems for real-time data measurement, communication, analysis and control.
- Medium voltage technology for the integration of local power grids (power sourcing and delivery), EV charging stations
- Cooling of data centres: hardware, software
- Frequency converters for electric motors, controllers
Share of company sales generating positive impact: >70%
Research and development expenditure: 2.8%
Source: Extract from Carnot impact analysis
Affordable and clean energy Substantial Impact
Strategy
"Research & development: At ANDRITZ, sustainability stands above all for solutions that help customers to achieve their sustainability goals and make use of resources as economically and efficiently as possible. Research and development work thus also concentrates to a large extent on developing products of this kind."
Products
- Hydroturbines as alternatives to fossil power stations
- Boilers for biomass and waste
- Wool pellet fabrication
- Exhaust gas scrubbers
- Biogas production, pyrolysis
- Sludge drying for incineration
- Presses for composite material sheets (carbon)
Share of company sales generating positive impact: 60%
(45% related to renewable energy)
Research and development expenditure: 3%
Other aspects & engagement
Andritz has a very high share of sales in developing and emerging countries. The company brings technology and energy generating equipment that contributes to a environmental friendly growth.
Source: Extract from Carnot impact analysis
Affordable and clean energy Considerable Impact
Strategy
"Sustainability is part of AFRY’s business strategy and a prerequisite for AFRY’s business as a whole. We connect technologies to create sustainable progress for you."
Products
AFRY contributes to creating a sustainable society by finding new solutions which are efficient and resource saving. AFRY's projects create value for clients, society and shareholders. Prioritised aspects of sustainability are:
- Develop its service offering towards impact
- Create impact and local community level
Share of company sales generating positive impact: >60%
Research and development expenditure: 20%
(a substantial share of AFRY's activity is part of r&d expenditure on the client's side)
Other aspects & engagement
Signatory to SBTI and Net-Zero. AFRY helps companies become sustainable using, among other things, environmental impact quantification models.
Source: Extract from Carnot impact analysis
Affordable and clean energy Substantial Impact
Strategy
"We will deliver on our commitments to reduce our impact on the climate. We are committed to changing mindsets and outcomes in our own business, among our customers and our suppliers to achieve our targets.
Our goal: to halve our carbon footprint."
"Our products should contribute as much as possible to reducing the environmental impact of customer processes, and they should also be recyclable."
Products
- Metal for supercritical water gasification
- Metals for solar thermal power production
- Additive manufacturing technology and materials
- Drilling technology for highly productive mining (hard- and software)
- Battery-electric mining loaders and transporters
- Light-weight titanium materials for airplanes
- Process technology for fuel cells
Share of company sales generating positive impact: 60%
Research and development expenditure: 3.7%
Other aspects & engagement
Large activities in mining, which is fundamentally a critical industry and where a lot of negative impact is also generated. This is precisely why sustainability is a central pillar of the strategy. Sandvik belongs to various sustainability indices and is a member of the UN Global Compact.
Source: Extract from Carnot impact analysis
Affordable and clean energy Considerable Impact
Strategy
"Hexagon's technologies are shaping urban and production ecosystems to become increasingly connected and autonomous – ensuring a scalable, sustainable future."
Products
- Sensors (incl. cameras, laser)
- Monitoring equipment
- Precision positioning
- Metrology systems
- Software (CAD, CAM, CAE)
Share of company sales generating positive impact: >70%
Research and development expenditure: 12%
Other aspects & engagement
Hexagon has activities in the defence market. The activities amount to less than 5% of business. We have started a dialogue with the company with the aim to reduce these activities over time.
Source: Extract from Carnot impact analysis
Affordable and clean energy Significant Impact
Strategy
"We remain focused on developing solutions that accelerate the energy transition and strengthen Vestas’ continued leadership in wind."
"Our goals are carbon neutrality by 2030 without carbon offsets, zero waste turbines by 2040."
Products
On-shore and off-shore wind turbines.
"A single Vestas wind turbine will generate around 25 to 50 times more energy than it uses in its entire lifecycle and return this back to society. And, a single Vestas wind turbine only emits around one percent of carbon dioxide when compared to a coal power plant."
Share of company sales generating positive impact: 100%
Research and development expenditure: 2.3%
Other aspects & engagement
Signatory of the SBTI for 1.5 degrees and committed to zero carbon emissions.
Source: Extract from Carnot impact analysis
Affordable and clean energy Substantial Impact
Strategy
"Chart aims to be a leading supplier of technologies, equipment and services in the fields of liquefied natural gas, hydrogen, biogas and CO2 capture, and thus a pioneer of the energy transition."
Products
- Air-cooled heat exchangers: unused heat is put to good use, resulting in increased energy efficiency and reduced raw material consumption.
- Carbon capture, utilization & storage: reduces carbon emissions from fossil fuel-fired power plants by 95-99%.
- Hydrogen as a safe, clean and affordable alternative to fossil fuels: Hydrogen liquefaction plants, transport solutions & refueling stations.
- Biogas liquefaction plant: can be used at source for power generation, refueling of natural gas vehicles and bunkers
Share of company sales generating positive impact: 30%
Research and development expenditure: 0.8%
Other aspects & engagement
Chart Industries has a sound sustainability strategy and assesses impacts of its business against the SDGs.
Source: Extract from Carnot impact analysis
Affordable and clean energy Substantial Impact
Strategy
The strategy supports the reduction of energy use.
Strategy: development of market leading high-performance polymers.
"In the High Performance Polymer sector we develop, manufacture and market high-performance engineering plastics for demanding technical applications."
These products lead to a substantial weight reduction in vehicles and thus to lower fuel consumption.
Products
- High-performance polymers with very high rigidity and temperature resistence that replace metal and reduce the weight of these compoenents by up to 2/3. Lower weight means less fuel consumption.
- Castor oil derivatives, a fully renewable resource, and are therefore originated from a non food crop
Share of company sales generating positive impact: 35%
Research and development expenditure: 2.5%
Other aspects & engagement
CO2 neutrality achieved in 2020.
Heat and power procured from Switzerland's biggest biomass power plant.
Almost no employee layoffs during automotive down-cycles.
Employer and instructor of refugees in Switzerland.
Source: Extract from Carnot impact analysis
Affordable and clean energy Substantial Impact
Strategy
Stadler Rail's strategy is to develop and produce innovatove rail vehicles.
It's growth strategy helps expand the energy-efficient rail transport.
Part of the strategy is to reduce energy consumption of the vehicles: "The company works tirelessly to improve the energy efficiency of its products in operation."
Products
- Components and vehicles for rail transport
- Innovative concepts such as battery and fuel cell powered locomotives
Share of company sales generating positive impact: 100%
Research and development expenditure: 2%
Source: Extract from Carnot impact analysis
Affordable and clean energy Significant Impact
Strategy
"We promote the development and dissemination of environmentally friendly technologies."
Products
- Transducers for variable speed motors
- for electric rail vehicles
- for inverters in wind and solar power stations
- for electric cars
Share of company sales generating positive impact: 80%
Research and development expenditure: 9.1%
Other aspects & engagement
Lem is a global technology leader in a key technology in the electrification process.
Source: Extract from Carnot impact analysis
Affordable and clean energy Significant Impact
Strategy
"In our Group-wide HSE Policy we commit to minimizing or preventing harm to people and the environment arising from our processes, services and products.
One focus of our commitment to the environment is climate protection.
Knorr-Bremse concentrates most of its climate protection activities in the areas of products, logistics and energy."
Products
- Rail vehicles, for which Knorr-Bremse is a key supplier, are a very energy efficient transport means.
- Brakes with better performance allow higher speeds and longer trains, which increases the rail capacity.
- Real-time system to measure and optimize the energy consumption.
- Breaking and security systems for driverless trains.
- Brakes that can be remanufactured (award winning innovation), service for remanufacturing (29% of service revenue)
Share of company sales generating positive impact: 70%
Research and development expenditure: 5.7%
Other aspects & engagement
Knorr-Bremse uses detailed Eco-design guidelines to minimize the footprint of the products.
They reach from strategic planning to innovation and product design.
50% reduction of greenhouse gas emissions until 2030, procurement of renewable energy from 2021 on.
Source: Extract from Carnot impact analysis
Affordable and clean energy Considerable Impact
Strategy
"Climate change and scarcity of resources ar global megatrends which form the basis for Norma Groups's business model."
Products
Lightweight connectors and other fluid management components for
- the thermal management of batteries in electric vehicles
- the thermal management of charging sockets and charging stations
- the thermal management of fuel cells
Water saving irrigation systems
Share of company sales generating positive impact: 60%
Research and development expenditure: 4.7%
Other aspects & engagement
Norma has a very comprehensive sustainability management and reporting system.
The products are essential for electromobility as well as for low-loss water infrastructure.
Source: Extract from Carnot impact analysis
Affordable and clean energy Low Impact
Strategy
"We aim to increase fuel economy, reduce emissions and improve engine control through our technical solutions and precision engineering."
'The Group's environmental activities shall be integrated in all operations and shall be the subject of continuous improvement through the Concentric Business Excellence programme."
Products
- Energy-efficient oil pumps for on-highway trucks and heavy off-highway vehicles
- Optimized hydraulic pumps for agricultural and construction vehicles
- Electric coolant pumps for hybrid vehicles
- Coolant pumps for stationary batteries
Share of company sales generating positive impact: 90%
Research and development expenditure: 2.5%
Other aspects & engagement
Engagement-Call held for more determined development towards electrified commercial vehicles with electric pumps, cooperations, acquisitions.
Source: Extract from Carnot impact analysis
Affordable and clean energy Substantial Impact
Strategy
"The Melexis strategy is to step up our presence in hybridization and electrification applications. We aim to grow in other markets, particularly in alternative mobility and in health, medical, computing, data center, telecom infrastructure and robotics applications.
Our strategy is set against several global megatrends. One key trend is an increasing and ageing population. Another is that the world, while it must find a way to meet growing demand, also needs to continue the fight against climate change and seek solutions for both CO2 and power consumption reduction."
Products
- High-temperature sensors for motors and exhaust systems in down-sized motors; saves ca. 15% fuel consumption
- Sensors for electric steering, replacing hydraulic steering
- Battery management sensors for electric vehicles
- Sensors for variable speed ventilators; saves ca. 40% electricity
Share of company sales generating positive impact: 40%
Research and development expenditure: 15.3%
Other aspects & engagement
Melexis follows the Global Reporting Initiatiative (GRI) reporting standards. The CEO and CFO positions are held by women.
We discussed potential conflicts of interests in the shareholder and supplier structure. The answers were satisfactory.
We requested a strict and transparent management of these conflicts of interest.
Source: Extract from Carnot impact analysis
Affordable and clean energy Substantial Impact
Strategy
"Cummins' next generation environmental sustainability strategy looks out to 2050, setting quantifiable goals for 2030.
Reduce scope 3 absolute lifetime GHG emissions from newly sold products by 25%.
Partner with customers to reduce scope 3 GHG emissions from products in the field by 55 million metric tons."
Products
- Buildings: Intelligent monitoring and control of energy use (smart building)
- Electricity: Grid technology, substations, grid management, grid connection of wind parks
- Industry: Highly efficient and intelligent electric motor drives, frequency converters, robots, industry automation (industry 4.0)
- Transport: Charging infrastructure, electricyty supply for rail vehicles
Share of company sales generating positive impact: 20%
Research and development expenditure: 3.7%
Other aspects & engagement
Cummins is a market leader in heavy vehicle powertrains and is investing heavily to drive the transition to clean technologies.
Source: Extract from Carnot impact analysis
Decent work andeconomic growth
Decent work and economic growth Considerable Impact
Strategy
"Innovative solutions for more comfort, energy efficiency and security."
Products
- Ventilation air flap actuators with sensor (60% electricity saving): regulates air inflow according to room occupancy
- Energy valve with sensors (30%): For flow optimization in heating/cooling systems
- Throttle valves (20%): Combined valve and drive without electric supply
Over 6 mn actuators solved p.a.
Share of company sales generating positive impact: 80%
Research and development expenditure: 7.4%
Other aspects & engagement
Belimo is respected as innovation leader in a key are of Energy Efficiency.
Health: Belimo products improve the air quality in big cities because the enable great savings in electricity which is typically provided by coal power plants.
Successful Engagement to manage, measure and document CO2 abatement of Belimo products; completed in sustainability report.
We brought a smart metering specialist to Belimo for an exploration of ways how to generate billable energy data with the Belimo Energy Valve; completed with the generation IV, released in June 2021.
Source: Extract from Carnot impact analysis
Decent work and economic growth Low Impact
Strategy
With its newly defined sustainability targets for the reduction of energy and water consumption, as well as waste, Sika will be minimizing its need for resources and the environmental impacts of the production process. Sika’s overriding goal is to reduce CO2 emissions per ton sold by 12% by 2023.
As a global company, Sika is committed to sustainable development. The company honors its responsibilities by offering sustainable solutions for energy-efficient construction and innovative vehicles.
Products
- Cement admixtures for low water consumption
- for the use of recycled cement
- for a lower need of cement in concretes
- Combined wood cement structures
- Sikaklastik roof membranes with high sun reflection
- Sealing products for lower vehicle weight
- for wind and PV sites
Share of company sales generating positive impact: 25%
Research and development expenditure: 2.5%
Other aspects & engagement
Stringent management of sustainability targets such as CO2, waste, water etc. Proprietary SDG impact analysis. Signatory of the UN Global Compact.
We encouraged the company to disclose the positve impacts of Sika products and to calculate reduction of greenhouse gas reduction.
Source: Extract from Carnot impact analysis
Decent work and economic growth Considerable Impact
Strategy
"For Geberit, sustainability means being oriented towards the future and being successful over the long term. A long-term orientation results when a balance is struck between economic, environmental and social aspects in all decision-making processes."
Products
- Toilet flushing system with srongly reduced water consumption
- Urinal system with different operating modes, saving water and energy
- 'Supertube technology' leads to substantial material savings
Share of company sales generating positive impact: 50%
Research and development expenditure: approx. 2.5%
Other aspects & engagement
Signatory of the UN Global Compact since 2008. Active contribution to 4 SDGs, very detailed progress reporting.
Source: Extract from Carnot impact analysis
Decent work and economic growth Low Impact
Strategy
"Somfy creates innovative solutions for homes and buildings in three areas:
1. Comfort and well-being at any age
2. Security of people and property
3. Energy savings"
Products
- Automated shading (sunlight protection): Increases the use of shutters and blades by the factor of 20. Automation lowers energy consumption of lighting, heating and cooling. The motorization and automation is an important element of the smart building concept.
- Intelligent, wireless addressable heating valves
- Intelligent, wireless addressable light switches
Share of company sales generating positive impact: 90%
Research and development expenditure: 8%
Other aspects & engagement
Somfy aims at climate protection over three paths: Lowering emissioins in manufacturing, develop products with lower energy consumption, develop products that enable lower energy consumption of lighting/heating/coooling.
Source: Extract from Carnot impact analysis
Decent work and economic growth Substantial Impact
Strategy
"Innovations and Resource Efficiency: Innovations have an important role in tackling issues like social progress and climate change. Increasing resource efficiency is among our top priorities and we always work to do things in smarter ways." Sustainability website
Products
- Elevators and escaltors that consume up to 80% less energy than 15 years ago.
- Highly efficient driveless EcoDisc motor with frequency converter
- Energy recuperation in downward movement
- Extra-light Ultra Rope for very high buildings
- Remote service and optimization (less trafic, optimal operational efficiency)
- Modernization solutions for improved energy efficiency
Share of company sales generating positive impact: 70%
Research and development expenditure: 1.8%
Other aspects & engagement
Leadership score A in CDP's Global A List. Very comprehensive sustainability management inc. supply chain, ISO 14001 implemented. SBTI commitment and set targets for 1.5 degrees.
Source: Extract from Carnot impact analysis
Decent work and economic growth Low Impact
Strategy
"Bravida aims to operate a responsible business and ensure efficient management of its own and others’ resources. This includes the environmental, economic and social factors relating to our business. We take focused measures to achieve clear results."
Products
Bravida's installation business contributes to the infrastructure of buildings, and thereby has a significant impact on the use of resources in the long term. Main areas for improvement:
- Improve energy efficiency through smart buildings
- Increase employee safety and health
Share of company sales generating positive impact: >50%
Research and development expenditure: < 1%
(innovation happens more on building material and on planning level)
Source: Extract from Carnot impact analysis
Decent work and economic growth Low Impact
Strategy
"For Instalco, sustainability means running operations responsibly and applying a holistic approach to the economic, environmental and social aspects. Our aim is to help benefit society on a daily basis through our local presence and our technical, efficient solutions in all of our areas of expertises."
Products
Instalco's installation business contributes to the infrastructure of buildings, and thereby has a significant impact on the use of resources in the long term. Main areas for improvement:
- Improve energy efficiency through smart buildings
- Safe and modern work environment
Share of company sales generating positive impact: 70%
Research and development expenditure: < 1%
(innovation happens more on building material and on planning level)
Source: Extract from Carnot impact analysis
Decent work and economic growth Low Impact
Strategy
"Managing and developing the strongest companies that improve people’s lives indoors with solutions for comfort, climate and safety, inspires employees and generates value for shareholders."
Products
Inwido is Europe's leading window group, with activities mainly in Scandinavia. Its products improve indoor climate and reduce energy consumption through:
- High quality windows (mainly wood frames)
- Decrease climate impact from own operations and suppliers
- Reuse and recycle materials
Share of company sales generating positive impact: 90%
Research and development expenditure: 1-2%
(innovation partially in glas production)
Other aspects & engagement
- "Inwido's objective is for zero accidents to occur in ist operations."
- "Inwido targets having an even gender distribution in the Group Management Team and on the Board of Directors."
Source: Extract from Carnot impact analysis
Decent work and economic growth Substantial Impact
Strategy
"The NIBE Group contributes to lower carbon dioxide emissions and better energy efficiency. In our three business areas - Climate Solutions, Element and Stoves - we develop, manufacture and market a wide range of environmentally friendly and energy-efficient solutions."
Products
- Heatpumps: 80% of the heat is sourced from the environment, i.e. from the soil or from the air.
- Heat exchangers for heating and cooling circuits
- Electric resistors for wind turbines that permit short interruptions
Share of company sales generating positive impact: 72%
Research and development expenditure: 2.9%
Other aspects & engagement
Nibe is the undisputed market leader in the European and North American heat pump market. Heat pumps are kind of a "killer application" in the fighting the over 30% of CO2 emissions caused by buildings.
Source: Extract from Carnot impact analysis
Decent work and economic growth Low Impact
Strategy
"Across our Company, we remain focused on embedding sustainability into our overall business strategy. We pride ourselves on delivering products and solutions that make critical infrastructure operate efficiently, safely, reliably, and sustainably."
Products
- Grid technology for renewables
- Presence detectors
- Wireless controls and switches
- Advanced metering for power, water and gas
Share of company sales generating positive impact: approx. 30%
Research and development expenditure: 3%
Source: Extract from Carnot impact analysis
Decent work and economic growth Substantial Impact
Strategy
"With our 2030 sustainability strategy, we are actively enabling a low-carbon society as well as working with our customers and suppliers to implement sustainable practices across our value chain and the lifecycle of our products and solutions."
"We are dedicated to continuous improvement with respect to our products and services by seeking, among other things, to reduce emissions."
Products
- Buildings: Intelligent monitoring and control of energy use (smart building)
- Electricity: Grid technology, substations, grid management, grid connection of wind parks
- Industry: Highly efficient and intelligent electric motor drives, frequency converters, robots, industry automation (industry 4.0)
- Transport: Charging infrastructure, electricyty supply for rail vehicles
Share of company sales generating positive impact: >70%
Research and development expenditure: 4.3%
Other aspects & engagement
Explicit targets: CO2 neutrality, saving of 100 mn tonnes CO2 throuh ABB technology by 2030, engagement with suppliers for lower carbon footprint. Committed in the Science Based Targets Initiative.
Source: Extract from Carnot impact analysis
Decent work and economic growth Low Impact
Strategy
"We are a driver of the European energy transition with innovative and reliable solutions for the energy infrastructure of tomorrow."
Products
- Infrastructure created so that the green hydrogen can reach the consumers.
- CO2-neutral gas pressure regulating and metering systems: Reduction of energy consumption, as Vorwerk technology does not require the combustion of gas.
- Plant construction for biogas processing: Reduction of resource consumption through reuse of organic waste materials.
Share of company sales generating positive impact: 10%
Research and development expenditure: 2%
Source: Extract from Carnot impact analysis
Decent work and economic growth Low Impact
Strategy
"As a pioneer of the energy transition, we want to realize our vision of 100% renewable energy."
Products
- Project planning and sale of wind and solar parks
- Power generation in Group-owned wind and solar parks
- Operational development and innovation (optimization of operational value creation)
Share of company sales generating positive impact: 100%
Research and development expenditure: 1.9%
(Calculation of R&D expenses: 100% personnel expenses of "Operational Development and Innovation" segment (rotor blade extension, efficiency improvement), plus 10% personnel expenses in project development business)
Source: Extract from Carnot impact analysis
Decent work and economic growth Considerable Impact
Strategy
"Sustainability is at the heart of our strategy: Our mission is to help businesses meet their energy challenge -keep global warming below the 2°C limit- while achieving better operational efficiency."
Products
- EcoStruxure technology platform: IoT systems for real-time data measurement, communication, analysis and control.
- Medium voltage technology for the integration of local power grids (power sourcing and delivery), EV charging stations
- Cooling of data centres: hardware, software
- Frequency converters for electric motors, controllers
Share of company sales generating positive impact: >70%
Research and development expenditure: 2.8%
Source: Extract from Carnot impact analysis
Decent work and economic growth Substantial Impact
Strategy
"Research & development: At ANDRITZ, sustainability stands above all for solutions that help customers to achieve their sustainability goals and make use of resources as economically and efficiently as possible. Research and development work thus also concentrates to a large extent on developing products of this kind."
Products
- Hydroturbines as alternatives to fossil power stations
- Boilers for biomass and waste
- Wool pellet fabrication
- Exhaust gas scrubbers
- Biogas production, pyrolysis
- Sludge drying for incineration
- Presses for composite material sheets (carbon)
Share of company sales generating positive impact: 60%
(45% related to renewable energy)
Research and development expenditure: 3%
Other aspects & engagement
Andritz has a very high share of sales in developing and emerging countries. The company brings technology and energy generating equipment that contributes to a environmental friendly growth.
Source: Extract from Carnot impact analysis
Decent work and economic growth Low Impact
Strategy
"Sustainability is part of AFRY’s business strategy and a prerequisite for AFRY’s business as a whole. We connect technologies to create sustainable progress for you."
Products
AFRY contributes to creating a sustainable society by finding new solutions which are efficient and resource saving. AFRY's projects create value for clients, society and shareholders. Prioritised aspects of sustainability are:
- Develop its service offering towards impact
- Create impact and local community level
Share of company sales generating positive impact: >60%
Research and development expenditure: 20%
(a substantial share of AFRY's activity is part of r&d expenditure on the client's side)
Other aspects & engagement
Signatory to SBTI and Net-Zero. AFRY helps companies become sustainable using, among other things, environmental impact quantification models.
Source: Extract from Carnot impact analysis
Decent work and economic growth Low Impact
Strategy
"We will deliver on our commitments to reduce our impact on the climate. We are committed to changing mindsets and outcomes in our own business, among our customers and our suppliers to achieve our targets.
Our goal: to halve our carbon footprint."
"Our products should contribute as much as possible to reducing the environmental impact of customer processes, and they should also be recyclable."
Products
- Metal for supercritical water gasification
- Metals for solar thermal power production
- Additive manufacturing technology and materials
- Drilling technology for highly productive mining (hard- and software)
- Battery-electric mining loaders and transporters
- Light-weight titanium materials for airplanes
- Process technology for fuel cells
Share of company sales generating positive impact: 60%
Research and development expenditure: 3.7%
Other aspects & engagement
Large activities in mining, which is fundamentally a critical industry and where a lot of negative impact is also generated. This is precisely why sustainability is a central pillar of the strategy. Sandvik belongs to various sustainability indices and is a member of the UN Global Compact.
Source: Extract from Carnot impact analysis
Decent work and economic growth Low Impact
Strategy
"Hexagon's technologies are shaping urban and production ecosystems to become increasingly connected and autonomous – ensuring a scalable, sustainable future."
Products
- Sensors (incl. cameras, laser)
- Monitoring equipment
- Precision positioning
- Metrology systems
- Software (CAD, CAM, CAE)
Share of company sales generating positive impact: >70%
Research and development expenditure: 12%
Other aspects & engagement
Hexagon has activities in the defence market. The activities amount to less than 5% of business. We have started a dialogue with the company with the aim to reduce these activities over time.
Source: Extract from Carnot impact analysis
Decent work and economic growth Low Impact
Strategy
"We remain focused on developing solutions that accelerate the energy transition and strengthen Vestas’ continued leadership in wind."
"Our goals are carbon neutrality by 2030 without carbon offsets, zero waste turbines by 2040."
Products
On-shore and off-shore wind turbines.
"A single Vestas wind turbine will generate around 25 to 50 times more energy than it uses in its entire lifecycle and return this back to society. And, a single Vestas wind turbine only emits around one percent of carbon dioxide when compared to a coal power plant."
Share of company sales generating positive impact: 100%
Research and development expenditure: 2.3%
Other aspects & engagement
Signatory of the SBTI for 1.5 degrees and committed to zero carbon emissions.
Source: Extract from Carnot impact analysis
Decent work and economic growth Low Impact
Strategy
"Chart aims to be a leading supplier of technologies, equipment and services in the fields of liquefied natural gas, hydrogen, biogas and CO2 capture, and thus a pioneer of the energy transition."
Products
- Air-cooled heat exchangers: unused heat is put to good use, resulting in increased energy efficiency and reduced raw material consumption.
- Carbon capture, utilization & storage: reduces carbon emissions from fossil fuel-fired power plants by 95-99%.
- Hydrogen as a safe, clean and affordable alternative to fossil fuels: Hydrogen liquefaction plants, transport solutions & refueling stations.
- Biogas liquefaction plant: can be used at source for power generation, refueling of natural gas vehicles and bunkers
Share of company sales generating positive impact: 30%
Research and development expenditure: 0.8%
Other aspects & engagement
Chart Industries has a sound sustainability strategy and assesses impacts of its business against the SDGs.
Source: Extract from Carnot impact analysis
Decent work and economic growth Considerable Impact
Strategy
The strategy supports the reduction of energy use.
Strategy: development of market leading high-performance polymers.
"In the High Performance Polymer sector we develop, manufacture and market high-performance engineering plastics for demanding technical applications."
These products lead to a substantial weight reduction in vehicles and thus to lower fuel consumption.
Products
- High-performance polymers with very high rigidity and temperature resistence that replace metal and reduce the weight of these compoenents by up to 2/3. Lower weight means less fuel consumption.
- Castor oil derivatives, a fully renewable resource, and are therefore originated from a non food crop
Share of company sales generating positive impact: 35%
Research and development expenditure: 2.5%
Other aspects & engagement
CO2 neutrality achieved in 2020.
Heat and power procured from Switzerland's biggest biomass power plant.
Almost no employee layoffs during automotive down-cycles.
Employer and instructor of refugees in Switzerland.
Source: Extract from Carnot impact analysis
Decent work and economic growth Low Impact
Strategy
Stadler Rail's strategy is to develop and produce innovatove rail vehicles.
It's growth strategy helps expand the energy-efficient rail transport.
Part of the strategy is to reduce energy consumption of the vehicles: "The company works tirelessly to improve the energy efficiency of its products in operation."
Products
- Components and vehicles for rail transport
- Innovative concepts such as battery and fuel cell powered locomotives
Share of company sales generating positive impact: 100%
Research and development expenditure: 2%
Source: Extract from Carnot impact analysis
Decent work and economic growth Substantial Impact
Strategy
"We promote the development and dissemination of environmentally friendly technologies."
Products
- Transducers for variable speed motors
- for electric rail vehicles
- for inverters in wind and solar power stations
- for electric cars
Share of company sales generating positive impact: 80%
Research and development expenditure: 9.1%
Other aspects & engagement
Lem is a global technology leader in a key technology in the electrification process.
Source: Extract from Carnot impact analysis
Decent work and economic growth Significant Impact
Strategy
"In our Group-wide HSE Policy we commit to minimizing or preventing harm to people and the environment arising from our processes, services and products.
One focus of our commitment to the environment is climate protection.
Knorr-Bremse concentrates most of its climate protection activities in the areas of products, logistics and energy."
Products
- Rail vehicles, for which Knorr-Bremse is a key supplier, are a very energy efficient transport means.
- Brakes with better performance allow higher speeds and longer trains, which increases the rail capacity.
- Real-time system to measure and optimize the energy consumption.
- Breaking and security systems for driverless trains.
- Brakes that can be remanufactured (award winning innovation), service for remanufacturing (29% of service revenue)
Share of company sales generating positive impact: 70%
Research and development expenditure: 5.7%
Other aspects & engagement
Knorr-Bremse uses detailed Eco-design guidelines to minimize the footprint of the products.
They reach from strategic planning to innovation and product design.
50% reduction of greenhouse gas emissions until 2030, procurement of renewable energy from 2021 on.
Source: Extract from Carnot impact analysis
Decent work and economic growth Low Impact
Strategy
"Climate change and scarcity of resources ar global megatrends which form the basis for Norma Groups's business model."
Products
Lightweight connectors and other fluid management components for
- the thermal management of batteries in electric vehicles
- the thermal management of charging sockets and charging stations
- the thermal management of fuel cells
Water saving irrigation systems
Share of company sales generating positive impact: 60%
Research and development expenditure: 4.7%
Other aspects & engagement
Norma has a very comprehensive sustainability management and reporting system.
The products are essential for electromobility as well as for low-loss water infrastructure.
Source: Extract from Carnot impact analysis
Decent work and economic growth Considerable Impact
Strategy
"We aim to increase fuel economy, reduce emissions and improve engine control through our technical solutions and precision engineering."
'The Group's environmental activities shall be integrated in all operations and shall be the subject of continuous improvement through the Concentric Business Excellence programme."
Products
- Energy-efficient oil pumps for on-highway trucks and heavy off-highway vehicles
- Optimized hydraulic pumps for agricultural and construction vehicles
- Electric coolant pumps for hybrid vehicles
- Coolant pumps for stationary batteries
Share of company sales generating positive impact: 90%
Research and development expenditure: 2.5%
Other aspects & engagement
Engagement-Call held for more determined development towards electrified commercial vehicles with electric pumps, cooperations, acquisitions.
Source: Extract from Carnot impact analysis
Decent work and economic growth Low Impact
Strategy
"The Melexis strategy is to step up our presence in hybridization and electrification applications. We aim to grow in other markets, particularly in alternative mobility and in health, medical, computing, data center, telecom infrastructure and robotics applications.
Our strategy is set against several global megatrends. One key trend is an increasing and ageing population. Another is that the world, while it must find a way to meet growing demand, also needs to continue the fight against climate change and seek solutions for both CO2 and power consumption reduction."
Products
- High-temperature sensors for motors and exhaust systems in down-sized motors; saves ca. 15% fuel consumption
- Sensors for electric steering, replacing hydraulic steering
- Battery management sensors for electric vehicles
- Sensors for variable speed ventilators; saves ca. 40% electricity
Share of company sales generating positive impact: 40%
Research and development expenditure: 15.3%
Other aspects & engagement
Melexis follows the Global Reporting Initiatiative (GRI) reporting standards. The CEO and CFO positions are held by women.
We discussed potential conflicts of interests in the shareholder and supplier structure. The answers were satisfactory.
We requested a strict and transparent management of these conflicts of interest.
Source: Extract from Carnot impact analysis
Decent work and economic growth Low Impact
Strategy
"Cummins' next generation environmental sustainability strategy looks out to 2050, setting quantifiable goals for 2030.
Reduce scope 3 absolute lifetime GHG emissions from newly sold products by 25%.
Partner with customers to reduce scope 3 GHG emissions from products in the field by 55 million metric tons."
Products
- Buildings: Intelligent monitoring and control of energy use (smart building)
- Electricity: Grid technology, substations, grid management, grid connection of wind parks
- Industry: Highly efficient and intelligent electric motor drives, frequency converters, robots, industry automation (industry 4.0)
- Transport: Charging infrastructure, electricyty supply for rail vehicles
Share of company sales generating positive impact: 20%
Research and development expenditure: 3.7%
Other aspects & engagement
Cummins is a market leader in heavy vehicle powertrains and is investing heavily to drive the transition to clean technologies.
Source: Extract from Carnot impact analysis
Industry, innovationand infrastructure
Industry, innovation and infrastructure Substantial Impact
Strategy
"Innovative solutions for more comfort, energy efficiency and security."
Products
- Ventilation air flap actuators with sensor (60% electricity saving): regulates air inflow according to room occupancy
- Energy valve with sensors (30%): For flow optimization in heating/cooling systems
- Throttle valves (20%): Combined valve and drive without electric supply
Over 6 mn actuators solved p.a.
Share of company sales generating positive impact: 80%
Research and development expenditure: 7.4%
Other aspects & engagement
Belimo is respected as innovation leader in a key are of Energy Efficiency.
Health: Belimo products improve the air quality in big cities because the enable great savings in electricity which is typically provided by coal power plants.
Successful Engagement to manage, measure and document CO2 abatement of Belimo products; completed in sustainability report.
We brought a smart metering specialist to Belimo for an exploration of ways how to generate billable energy data with the Belimo Energy Valve; completed with the generation IV, released in June 2021.
Source: Extract from Carnot impact analysis
Industry, innovation and infrastructure Significant Impact
Strategy
With its newly defined sustainability targets for the reduction of energy and water consumption, as well as waste, Sika will be minimizing its need for resources and the environmental impacts of the production process. Sika’s overriding goal is to reduce CO2 emissions per ton sold by 12% by 2023.
As a global company, Sika is committed to sustainable development. The company honors its responsibilities by offering sustainable solutions for energy-efficient construction and innovative vehicles.
Products
- Cement admixtures for low water consumption
- for the use of recycled cement
- for a lower need of cement in concretes
- Combined wood cement structures
- Sikaklastik roof membranes with high sun reflection
- Sealing products for lower vehicle weight
- for wind and PV sites
Share of company sales generating positive impact: 25%
Research and development expenditure: 2.5%
Other aspects & engagement
Stringent management of sustainability targets such as CO2, waste, water etc. Proprietary SDG impact analysis. Signatory of the UN Global Compact.
We encouraged the company to disclose the positve impacts of Sika products and to calculate reduction of greenhouse gas reduction.
Source: Extract from Carnot impact analysis
Industry, innovation and infrastructure Substantial Impact
Strategy
"For Geberit, sustainability means being oriented towards the future and being successful over the long term. A long-term orientation results when a balance is struck between economic, environmental and social aspects in all decision-making processes."
Products
- Toilet flushing system with srongly reduced water consumption
- Urinal system with different operating modes, saving water and energy
- 'Supertube technology' leads to substantial material savings
Share of company sales generating positive impact: 50%
Research and development expenditure: approx. 2.5%
Other aspects & engagement
Signatory of the UN Global Compact since 2008. Active contribution to 4 SDGs, very detailed progress reporting.
Source: Extract from Carnot impact analysis
Industry, innovation and infrastructure Low Impact
Strategy
"Somfy creates innovative solutions for homes and buildings in three areas:
1. Comfort and well-being at any age
2. Security of people and property
3. Energy savings"
Products
- Automated shading (sunlight protection): Increases the use of shutters and blades by the factor of 20. Automation lowers energy consumption of lighting, heating and cooling. The motorization and automation is an important element of the smart building concept.
- Intelligent, wireless addressable heating valves
- Intelligent, wireless addressable light switches
Share of company sales generating positive impact: 90%
Research and development expenditure: 8%
Other aspects & engagement
Somfy aims at climate protection over three paths: Lowering emissioins in manufacturing, develop products with lower energy consumption, develop products that enable lower energy consumption of lighting/heating/coooling.
Source: Extract from Carnot impact analysis
Industry, innovation and infrastructure Substantial Impact
Strategy
"Innovations and Resource Efficiency: Innovations have an important role in tackling issues like social progress and climate change. Increasing resource efficiency is among our top priorities and we always work to do things in smarter ways."
Products
- Elevators and escaltors that consume up to 80% less energy than 15 years ago.
- Highly efficient driveless EcoDisc motor with frequency converter
- Energy recuperation in downward movement
- Extra-light Ultra Rope for very high buildings
- Remote service and optimization (less trafic, optimal operational efficiency)
- Modernization solutions for improved energy efficiency
Share of company sales generating positive impact: 70%
Research and development expenditure: 1.8%
Other aspects & engagement
Leadership score A in CDP's Global A List. Very comprehensive sustainability management inc. supply chain, ISO 14001 implemented. SBTI commitment and set targets for 1.5 degrees.
Source: Extract from Carnot impact analysis
Industry, innovation and infrastructure Substantial Impact
Strategy
"Bravida aims to operate a responsible business and ensure efficient management of its own and others’ resources. This includes the environmental, economic and social factors relating to our business. We take focused measures to achieve clear results."
Products
Bravida's installation business contributes to the infrastructure of buildings, and thereby has a significant impact on the use of resources in the long term. Main areas for improvement:
- Improve energy efficiency through smart buildings
- Increase employee safety and health
Share of company sales generating positive impact: >50%
Research and development expenditure: < 1%
(innovation happens more on building material and on planning level)
Source: Extract from Carnot impact analysis
Industry, innovation and infrastructure Substantial Impact
Strategy
"For Instalco, sustainability means running operations responsibly and applying a holistic approach to the economic, environmental and social aspects. Our aim is to help benefit society on a daily basis through our local presence and our technical, efficient solutions in all of our areas of expertises."
Products
Instalco's installation business contributes to the infrastructure of buildings, and thereby has a significant impact on the use of resources in the long term. Main areas for improvement:
- Improve energy efficiency through smart buildings
- Safe and modern work environment
Share of company sales generating positive impact: 70%
Research and development expenditure: < 1%
(innovation happens more on building material and on planning level)
Source: Extract from Carnot impact analysis
Industry, innovation and infrastructure Substantial Impact
Strategy
"Managing and developing the strongest companies that improve people’s lives indoors with solutions for comfort, climate and safety, inspires employees and generates value for shareholders."
Products
Inwido is Europe's leading window group, with activities mainly in Scandinavia. Its products improve indoor climate and reduce energy consumption through:
- High quality windows (mainly wood frames)
- Decrease climate impact from own operations and suppliers
- Reuse and recycle materials
Share of company sales generating positive impact: 90%
Research and development expenditure: 1-2%
(innovation partially in glas production)
Other aspects & engagement
- "Inwido's objective is for zero accidents to occur in ist operations."
- "Inwido targets having an even gender distribution in the Group Management Team and on the Board of Directors."
Source: Extract from Carnot impact analysis
Industry, innovation and infrastructure Considerable Impact
Strategy
"The NIBE Group contributes to lower carbon dioxide emissions and better energy efficiency. In our three business areas - Climate Solutions, Element and Stoves - we develop, manufacture and market a wide range of environmentally friendly and energy-efficient solutions."
Products
- Heatpumps: 80% of the heat is sourced from the environment, i.e. from the soil or from the air.
- Heat exchangers for heating and cooling circuits
- Electric resistors for wind turbines that permit short interruptions
Share of company sales generating positive impact: 72%
Research and development expenditure: 2.9%
Other aspects & engagement
Nibe is the undisputed market leader in the European and North American heat pump market. Heat pumps are kind of a "killer application" in the fighting the over 30% of CO2 emissions caused by buildings.
Source: Extract from Carnot impact analysis
Industry, innovation and infrastructure Low Impact
Strategy
"Across our Company, we remain focused on embedding sustainability into our overall business strategy. We pride ourselves on delivering products and solutions that make critical infrastructure operate efficiently, safely, reliably, and sustainably."
Products
- Grid technology for renewables
- Presence detectors
- Wireless controls and switches
- Advanced metering for power, water and gas
Share of company sales generating positive impact: approx. 30%
Research and development expenditure: 3%
Source: Extract from Carnot impact analysis
Industry, innovation and infrastructure Substantial Impact
Strategy
"With our 2030 sustainability strategy, we are actively enabling a low-carbon society as well as working with our customers and suppliers to implement sustainable practices across our value chain and the lifecycle of our products and solutions."
"We are dedicated to continuous improvement with respect to our products and services by seeking, among other things, to reduce emissions."
Products
- Buildings: Intelligent monitoring and control of energy use (smart building)
- Electricity: Grid technology, substations, grid management, grid connection of wind parks
- Industry: Highly efficient and intelligent electric motor drives, frequency converters, robots, industry automation (industry 4.0)
- Transport: Charging infrastructure, electricyty supply for rail vehicles
Share of company sales generating positive impact: >70%
Research and development expenditure: 4.3%
Other aspects & engagement
Explicit targets: CO2 neutrality, saving of 100 mn tonnes CO2 throuh ABB technology by 2030, engagement with suppliers for lower carbon footprint. Committed in the Science Based Targets Initiative.
Source: Extract from Carnot impact analysis
Industry, innovation and infrastructure Substantial Impact
Strategy
"We are a driver of the European energy transition with innovative and reliable solutions for the energy infrastructure of tomorrow."
Products
- Infrastructure created so that the green hydrogen can reach the consumers.
- CO2-neutral gas pressure regulating and metering systems: Reduction of energy consumption, as Vorwerk technology does not require the combustion of gas.
- Plant construction for biogas processing: Reduction of resource consumption through reuse of organic waste materials.
Share of company sales generating positive impact: 10%
Research and development expenditure: 2%
Source: Extract from Carnot impact analysis
Industry, innovation and infrastructure Low Impact
Strategy
"As a pioneer of the energy transition, we want to realize our vision of 100% renewable energy."
Products
- Project planning and sale of wind and solar parks
- Power generation in Group-owned wind and solar parks
- Operational development and innovation (optimization of operational value creation)
Share of company sales generating positive impact: 100%
Research and development expenditure: 1.9%
(Calculation of R&D expenses: 100% personnel expenses of "Operational Development and Innovation" segment (rotor blade extension, efficiency improvement), plus 10% personnel expenses in project development business)
Source: Extract from Carnot impact analysis
Industry, innovation and infrastructure Substantial Impact
Strategy
"Sustainability is at the heart of our strategy: Our mission is to help businesses meet their energy challenge -keep global warming below the 2°C limit- while achieving better operational efficiency."
Products
- EcoStruxure technology platform: IoT systems for real-time data measurement, communication, analysis and control.
- Medium voltage technology for the integration of local power grids (power sourcing and delivery), EV charging stations
- Cooling of data centres: hardware, software
- Frequency converters for electric motors, controllers
Share of company sales generating positive impact: >70%
Research and development expenditure: 2.8%
Source: Extract from Carnot impact analysis
Industry, innovation and infrastructure Substantial Impact
Strategy
"Research & development: At ANDRITZ, sustainability stands above all for solutions that help customers to achieve their sustainability goals and make use of resources as economically and efficiently as possible. Research and development work thus also concentrates to a large extent on developing products of this kind."
Products
- Hydroturbines as alternatives to fossil power stations
- Boilers for biomass and waste
- Wool pellet fabrication
- Exhaust gas scrubbers
- Biogas production, pyrolysis
- Sludge drying for incineration
- Presses for composite material sheets (carbon)
Share of company sales generating positive impact: 60%
(45% related to renewable energy)
Research and development expenditure: 3%
Other aspects & engagement
Andritz has a very high share of sales in developing and emerging countries. The company brings technology and energy generating equipment that contributes to a environmental friendly growth.
Source: Extract from Carnot impact analysis
Industry, innovation and infrastructure Significant Impact
Strategy
"Sustainability is part of AFRY’s business strategy and a prerequisite for AFRY’s business as a whole. We connect technologies to create sustainable progress for you."
Products
AFRY contributes to creating a sustainable society by finding new solutions which are efficient and resource saving. AFRY's projects create value for clients, society and shareholders. Prioritised aspects of sustainability are:
- Develop its service offering towards impact
- Create impact and local community level
Share of company sales generating positive impact: >60%
Research and development expenditure: 20%
(a substantial share of AFRY's activity is part of r&d expenditure on the client's side)
Other aspects & engagement
Signatory to SBTI and Net-Zero. AFRY helps companies become sustainable using, among other things, environmental impact quantification models.
Source: Extract from Carnot impact analysis
Industry, innovation and infrastructure Considerable Impact
Strategy
"We will deliver on our commitments to reduce our impact on the climate. We are committed to changing mindsets and outcomes in our own business, among our customers and our suppliers to achieve our targets.
Our goal: to halve our carbon footprint."
"Our products should contribute as much as possible to reducing the environmental impact of customer processes, and they should also be recyclable."
Products
- Metal for supercritical water gasification
- Metals for solar thermal power production
- Additive manufacturing technology and materials
- Drilling technology for highly productive mining (hard- and software)
- Battery-electric mining loaders and transporters
- Light-weight titanium materials for airplanes
- Process technology for fuel cells
Share of company sales generating positive impact: 60%
Research and development expenditure: 3.7%
Other aspects & engagement
Large activities in mining, which is fundamentally a critical industry and where a lot of negative impact is also generated. This is precisely why sustainability is a central pillar of the strategy. Sandvik belongs to various sustainability indices and is a member of the UN Global Compact.
Source: Extract from Carnot impact analysis
Industry, innovation and infrastructure Significant Impact
Strategy
"Hexagon's technologies are shaping urban and production ecosystems to become increasingly connected and autonomous – ensuring a scalable, sustainable future."
Products
- Sensors (incl. cameras, laser)
- Monitoring equipment
- Precision positioning
- Metrology systems
- Software (CAD, CAM, CAE)
Share of company sales generating positive impact: >70%
Research and development expenditure: 12%
Other aspects & engagement
Hexagon has activities in the defence market. The activities amount to less than 5% of business. We have started a dialogue with the company with the aim to reduce these activities over time.
Source: Extract from Carnot impact analysis
Industry, innovation and infrastructure Low Impact
Strategy
"We remain focused on developing solutions that accelerate the energy transition and strengthen Vestas’ continued leadership in wind."
"Our goals are carbon neutrality by 2030 without carbon offsets, zero waste turbines by 2040."
Products
On-shore and off-shore wind turbines.
"A single Vestas wind turbine will generate around 25 to 50 times more energy than it uses in its entire lifecycle and return this back to society. And, a single Vestas wind turbine only emits around one percent of carbon dioxide when compared to a coal power plant."
Share of company sales generating positive impact: 100%
Research and development expenditure: 2.3%
Other aspects & engagement
Signatory of the SBTI for 1.5 degrees and committed to zero carbon emissions.
Source: Extract from Carnot impact analysis
Industry, innovation and infrastructure Significant Impact
Strategy
"Chart aims to be a leading supplier of technologies, equipment and services in the fields of liquefied natural gas, hydrogen, biogas and CO2 capture, and thus a pioneer of the energy transition."
Products
- Air-cooled heat exchangers: unused heat is put to good use, resulting in increased energy efficiency and reduced raw material consumption.
- Carbon capture, utilization & storage: reduces carbon emissions from fossil fuel-fired power plants by 95-99%.
- Hydrogen as a safe, clean and affordable alternative to fossil fuels: Hydrogen liquefaction plants, transport solutions & refueling stations.
- Biogas liquefaction plant: can be used at source for power generation, refueling of natural gas vehicles and bunkers
Share of company sales generating positive impact: 30%
Research and development expenditure: 0.8%
Other aspects & engagement
Chart Industries has a sound sustainability strategy and assesses impacts of its business against the SDGs.
Source: Extract from Carnot impact analysis
Industry, innovation and infrastructure Considerable Impact
Strategy
The strategy supports the reduction of energy use.
Strategy: development of market leading high-performance polymers.
"In the High Performance Polymer sector we develop, manufacture and market high-performance engineering plastics for demanding technical applications."
These products lead to a substantial weight reduction in vehicles and thus to lower fuel consumption.
Products
- High-performance polymers with very high rigidity and temperature resistence that replace metal and reduce the weight of these compoenents by up to 2/3. Lower weight means less fuel consumption.
- Castor oil derivatives, a fully renewable resource, and are therefore originated from a non food crop
Share of company sales generating positive impact: 35%
Research and development expenditure: 2.5%
Other aspects & engagement
CO2 neutrality achieved in 2020.
Heat and power procured from Switzerland's biggest biomass power plant.
Almost no employee layoffs during automotive down-cycles.
Employer and instructor of refugees in Switzerland.
Source: Extract from Carnot impact analysis
Industry, innovation and infrastructure Low Impact
Strategy
Stadler Rail's strategy is to develop and produce innovatove rail vehicles.
It's growth strategy helps expand the energy-efficient rail transport.
Part of the strategy is to reduce energy consumption of the vehicles: "The company works tirelessly to improve the energy efficiency of its products in operation."
Products
- Components and vehicles for rail transport
- Innovative concepts such as battery and fuel cell powered locomotives
Share of company sales generating positive impact: 100%
Research and development expenditure: 2%
Source: Extract from Carnot impact analysis
Industry, innovation and infrastructure Considerable Impact
Strategy
"We promote the development and dissemination of environmentally friendly technologies."
Products
- Transducers for variable speed motors
- for electric rail vehicles
- for inverters in wind and solar power stations
- for electric cars
Share of company sales generating positive impact: 80%
Research and development expenditure: 9.1%
Other aspects & engagement
Lem is a global technology leader in a key technology in the electrification process.
Source: Extract from Carnot impact analysis
Industry, innovation and infrastructure Significant Impact
Strategy
"In our Group-wide HSE Policy we commit to minimizing or preventing harm to people and the environment arising from our processes, services and products.
One focus of our commitment to the environment is climate protection.
Knorr-Bremse concentrates most of its climate protection activities in the areas of products, logistics and energy."
Products
- Rail vehicles, for which Knorr-Bremse is a key supplier, are a very energy efficient transport means.
- Brakes with better performance allow higher speeds and longer trains, which increases the rail capacity.
- Real-time system to measure and optimize the energy consumption.
- Breaking and security systems for driverless trains.
- Brakes that can be remanufactured (award winning innovation), service for remanufacturing (29% of service revenue)
Share of company sales generating positive impact: 70%
Research and development expenditure: 5.7%
Other aspects & engagement
Knorr-Bremse uses detailed Eco-design guidelines to minimize the footprint of the products.
They reach from strategic planning to innovation and product design.
50% reduction of greenhouse gas emissions until 2030, procurement of renewable energy from 2021 on.
Source: Extract from Carnot impact analysis
Industry, innovation and infrastructure Considerable Impact
Strategy
"Climate change and scarcity of resources ar global megatrends which form the basis for Norma Groups's business model."
Products
Lightweight connectors and other fluid management components for
- the thermal management of batteries in electric vehicles
- the thermal management of charging sockets and charging stations
- the thermal management of fuel cells
Water saving irrigation systems
Share of company sales generating positive impact: 60%
Research and development expenditure: 4.7%
Other aspects & engagement
Norma has a very comprehensive sustainability management and reporting system.
The products are essential for electromobility as well as for low-loss water infrastructure.
Source: Extract from Carnot impact analysis
Industry, innovation and infrastructure Substantial Impact
Strategy
"We aim to increase fuel economy, reduce emissions and improve engine control through our technical solutions and precision engineering."
'The Group's environmental activities shall be integrated in all operations and shall be the subject of continuous improvement through the Concentric Business Excellence programme."
Products
- Energy-efficient oil pumps for on-highway trucks and heavy off-highway vehicles
- Optimized hydraulic pumps for agricultural and construction vehicles
- Electric coolant pumps for hybrid vehicles
- Coolant pumps for stationary batteries
Share of company sales generating positive impact: 90%
Research and development expenditure: 2.5%
Other aspects & engagement
Engagement-Call held for more determined development towards electrified commercial vehicles with electric pumps, cooperations, acquisitions.
Source: Extract from Carnot impact analysis
Industry, innovation and infrastructure Low Impact
Strategy
"The Melexis strategy is to step up our presence in hybridization and electrification applications. We aim to grow in other markets, particularly in alternative mobility and in health, medical, computing, data center, telecom infrastructure and robotics applications.
Our strategy is set against several global megatrends. One key trend is an increasing and ageing population. Another is that the world, while it must find a way to meet growing demand, also needs to continue the fight against climate change and seek solutions for both CO2 and power consumption reduction."
Products
- High-temperature sensors for motors and exhaust systems in down-sized motors; saves ca. 15% fuel consumption
- Sensors for electric steering, replacing hydraulic steering
- Battery management sensors for electric vehicles
- Sensors for variable speed ventilators; saves ca. 40% electricity
Share of company sales generating positive impact: 40%
Research and development expenditure: 15.3%
Other aspects & engagement
Melexis follows the Global Reporting Initiatiative (GRI) reporting standards. The CEO and CFO positions are held by women.
We discussed potential conflicts of interests in the shareholder and supplier structure. The answers were satisfactory.
We requested a strict and transparent management of these conflicts of interest.
Source: Extract from Carnot impact analysis
Industry, innovation and infrastructure Substantial Impact
Strategy
"Cummins' next generation environmental sustainability strategy looks out to 2050, setting quantifiable goals for 2030.
Reduce scope 3 absolute lifetime GHG emissions from newly sold products by 25%.
Partner with customers to reduce scope 3 GHG emissions from products in the field by 55 million metric tons."
Products
- Buildings: Intelligent monitoring and control of energy use (smart building)
- Electricity: Grid technology, substations, grid management, grid connection of wind parks
- Industry: Highly efficient and intelligent electric motor drives, frequency converters, robots, industry automation (industry 4.0)
- Transport: Charging infrastructure, electricyty supply for rail vehicles
Share of company sales generating positive impact: 20%
Research and development expenditure: 3.7%
Other aspects & engagement
Cummins is a market leader in heavy vehicle powertrains and is investing heavily to drive the transition to clean technologies.
Source: Extract from Carnot impact analysis
Sustaibanle citiesand communities
Sustainable cities and communities Considerable Impact
Strategy
"Innovative solutions for more comfort, energy efficiency and security."
Products
- Ventilation air flap actuators with sensor (60% electricity saving): regulates air inflow according to room occupancy
- Energy valve with sensors (30%): For flow optimization in heating/cooling systems
- Throttle valves (20%): Combined valve and drive without electric supply
Over 6 mn actuators solved p.a.
Share of company sales generating positive impact: 80%
Research and development expenditure: 7.4%
Other aspects & engagement
Belimo is respected as innovation leader in a key are of Energy Efficiency.
Health: Belimo products improve the air quality in big cities because the enable great savings in electricity which is typically provided by coal power plants.
Successful Engagement to manage, measure and document CO2 abatement of Belimo products; completed in sustainability report.
We brought a smart metering specialist to Belimo for an exploration of ways how to generate billable energy data with the Belimo Energy Valve; completed with the generation IV, released in June 2021.
Source: Extract from Carnot impact analysis
Sustainable cities and communities Substantial Impact
Strategy
With its newly defined sustainability targets for the reduction of energy and water consumption, as well as waste, Sika will be minimizing its need for resources and the environmental impacts of the production process. Sika’s overriding goal is to reduce CO2 emissions per ton sold by 12% by 2023.
As a global company, Sika is committed to sustainable development. The company honors its responsibilities by offering sustainable solutions for energy-efficient construction and innovative vehicles.
Products
- Cement admixtures for low water consumption
- for the use of recycled cement
- for a lower need of cement in concretes
- Combined wood cement structures
- Sikaklastik roof membranes with high sun reflection
- Sealing products for lower vehicle weight
- for wind and PV sites
Share of company sales generating positive impact: 25%
Research and development expenditure: 2.5%
Other aspects & engagement
Stringent management of sustainability targets such as CO2, waste, water etc. Proprietary SDG impact analysis. Signatory of the UN Global Compact.
We encouraged the company to disclose the positve impacts of Sika products and to calculate reduction of greenhouse gas reduction.
Source: Extract from Carnot impact analysis
Sustainable cities and communities Substantial Impact
Strategy
"For Geberit, sustainability means being oriented towards the future and being successful over the long term. A long-term orientation results when a balance is struck between economic, environmental and social aspects in all decision-making processes."
Products
- Toilet flushing system with srongly reduced water consumption
- Urinal system with different operating modes, saving water and energy
- 'Supertube technology' leads to substantial material savings
Share of company sales generating positive impact: 50%
Research and development expenditure: approx. 2.5%
Other aspects & engagement
Signatory of the UN Global Compact since 2008. Active contribution to 4 SDGs, very detailed progress reporting.
Source: Extract from Carnot impact analysis
Sustainable cities and communities Considerable Impact
Strategy
"Somfy creates innovative solutions for homes and buildings in three areas:
1. Comfort and well-being at any age
2. Security of people and property
3. Energy savings"
Products
- Automated shading (sunlight protection): Increases the use of shutters and blades by the factor of 20. Automation lowers energy consumption of lighting, heating and cooling. The motorization and automation is an important element of the smart building concept.
- Intelligent, wireless addressable heating valves
- Intelligent, wireless addressable light switches
Share of company sales generating positive impact: 90%
Research and development expenditure: 8%
Other aspects & engagement
Somfy aims at climate protection over three paths: Lowering emissioins in manufacturing, develop products with lower energy consumption, develop products that enable lower energy consumption of lighting/heating/coooling.
Source: Extract from Carnot impact analysis
Sustainable cities and communities Substantial Impact
Strategy
"Innovations and Resource Efficiency: Innovations have an important role in tackling issues like social progress and climate change. Increasing resource efficiency is among our top priorities and we always work to do things in smarter ways."
Products
- Elevators and escaltors that consume up to 80% less energy than 15 years ago.
- Highly efficient driveless EcoDisc motor with frequency converter
- Energy recuperation in downward movement
- Extra-light Ultra Rope for very high buildings
- Remote service and optimization (less trafic, optimal operational efficiency)
- Modernization solutions for improved energy efficiency
Share of company sales generating positive impact: 70%
Research and development expenditure: 1.8%
Other aspects & engagement
Leadership score A in CDP's Global A List. Very comprehensive sustainability management inc. supply chain, ISO 14001 implemented. SBTI commitment and set targets for 1.5 degrees.
Source: Extract from Carnot impact analysis
Sustainable cities and communities Substantial Impact
Strategy
"Bravida aims to operate a responsible business and ensure efficient management of its own and others’ resources. This includes the environmental, economic and social factors relating to our business. We take focused measures to achieve clear results."
Products
Bravida's installation business contributes to the infrastructure of buildings, and thereby has a significant impact on the use of resources in the long term. Main areas for improvement:
- Improve energy efficiency through smart buildings
- Increase employee safety and health
Share of company sales generating positive impact: >50%
Research and development expenditure: < 1%
(innovation happens more on building material and on planning level)
Source: Extract from Carnot impact analysis
Sustainable cities and communities Considerable Impact
Strategy
"For Instalco, sustainability means running operations responsibly and applying a holistic approach to the economic, environmental and social aspects. Our aim is to help benefit society on a daily basis through our local presence and our technical, efficient solutions in all of our areas of expertises."
Products
Instalco's installation business contributes to the infrastructure of buildings, and thereby has a significant impact on the use of resources in the long term. Main areas for improvement:
- Improve energy efficiency through smart buildings
- Safe and modern work environment
Share of company sales generating positive impact: 70%
Research and development expenditure: < 1%
(innovation happens more on building material and on planning level)
Source: Extract from Carnot impact analysis
Sustainable cities and communities Low Impact
Strategy
"Managing and developing the strongest companies that improve people’s lives indoors with solutions for comfort, climate and safety, inspires employees and generates value for shareholders."
Products
Inwido is Europe's leading window group, with activities mainly in Scandinavia. Its products improve indoor climate and reduce energy consumption through:
- High quality windows (mainly wood frames)
- Decrease climate impact from own operations and suppliers
- Reuse and recycle materials
Share of company sales generating positive impact: 90%
Research and development expenditure: 1-2%
(innovation partially in glas production)
Other aspects & engagement
- "Inwido's objective is for zero accidents to occur in ist operations."
- "Inwido targets having an even gender distribution in the Group Management Team and on the Board of Directors."
Source: Extract from Carnot impact analysis
Sustainable cities and communities Considerable Impact
Strategy
"The NIBE Group contributes to lower carbon dioxide emissions and better energy efficiency. In our three business areas - Climate Solutions, Element and Stoves - we develop, manufacture and market a wide range of environmentally friendly and energy-efficient solutions."
Products
- Heatpumps: 80% of the heat is sourced from the environment, i.e. from the soil or from the air.
- Heat exchangers for heating and cooling circuits
- Electric resistors for wind turbines that permit short interruptions
Share of company sales generating positive impact: 72%
Research and development expenditure: 2.9%
Other aspects & engagement
Nibe is the undisputed market leader in the European and North American heat pump market. Heat pumps are kind of a "killer application" in the fighting the over 30% of CO2 emissions caused by buildings.
Source: Extract from Carnot impact analysis
Sustainable cities and communities Substantial Impact
Strategy
"Across our Company, we remain focused on embedding sustainability into our overall business strategy. We pride ourselves on delivering products and solutions that make critical infrastructure operate efficiently, safely, reliably, and sustainably."
Products
- Grid technology for renewables
- Presence detectors
- Wireless controls and switches
- Advanced metering for power, water and gas
Share of company sales generating positive impact: approx. 30%
Research and development expenditure: 3%
Source: Extract from Carnot impact analysis
Sustainable cities and communities Considerable Impact
Strategy
"With our 2030 sustainability strategy, we are actively enabling a low-carbon society as well as working with our customers and suppliers to implement sustainable practices across our value chain and the lifecycle of our products and solutions."
"We are dedicated to continuous improvement with respect to our products and services by seeking, among other things, to reduce emissions."
Products
- Buildings: Intelligent monitoring and control of energy use (smart building)
- Electricity: Grid technology, substations, grid management, grid connection of wind parks
- Industry: Highly efficient and intelligent electric motor drives, frequency converters, robots, industry automation (industry 4.0)
- Transport: Charging infrastructure, electricyty supply for rail vehicles
Share of company sales generating positive impact: >70%
Research and development expenditure: 4.3%
Other aspects & engagement
Explicit targets: CO2 neutrality, saving of 100 mn tonnes CO2 throuh ABB technology by 2030, engagement with suppliers for lower carbon footprint. Committed in the Science Based Targets Initiative.
Source: Extract from Carnot impact analysis
Sustainable cities and communities Considerable Impact
Strategy
"We are a driver of the European energy transition with innovative and reliable solutions for the energy infrastructure of tomorrow."
Products
- Infrastructure created so that the green hydrogen can reach the consumers.
- CO2-neutral gas pressure regulating and metering systems: Reduction of energy consumption, as Vorwerk technology does not require the combustion of gas.
- Plant construction for biogas processing: Reduction of resource consumption through reuse of organic waste materials.
Share of company sales generating positive impact: 10%
Research and development expenditure: 2%
Source: Extract from Carnot impact analysis
Sustainable cities and communities Substantial Impact
Strategy
"As a pioneer of the energy transition, we want to realize our vision of 100% renewable energy."
Products
- Project planning and sale of wind and solar parks
- Power generation in Group-owned wind and solar parks
- Operational development and innovation (optimization of operational value creation)
Share of company sales generating positive impact: 100%
Research and development expenditure: 1.9%
(Calculation of R&D expenses: 100% personnel expenses of "Operational Development and Innovation" segment (rotor blade extension, efficiency improvement), plus 10% personnel expenses in project development business)
Source: Extract from Carnot impact analysis
Sustainable cities and communities Substantial Impact
Strategy
"Sustainability is at the heart of our strategy: Our mission is to help businesses meet their energy challenge -keep global warming below the 2°C limit- while achieving better operational efficiency."
Products
- EcoStruxure technology platform: IoT systems for real-time data measurement, communication, analysis and control.
- Medium voltage technology for the integration of local power grids (power sourcing and delivery), EV charging stations
- Cooling of data centres: hardware, software
- Frequency converters for electric motors, controllers
Share of company sales generating positive impact: >70%
Research and development expenditure: 2.8%
Source: Extract from Carnot impact analysis
Sustainable cities and communities Low Impact
Strategy
"Research & development: At ANDRITZ, sustainability stands above all for solutions that help customers to achieve their sustainability goals and make use of resources as economically and efficiently as possible. Research and development work thus also concentrates to a large extent on developing products of this kind."
Products
- Hydroturbines as alternatives to fossil power stations
- Boilers for biomass and waste
- Wool pellet fabrication
- Exhaust gas scrubbers
- Biogas production, pyrolysis
- Sludge drying for incineration
- Presses for composite material sheets (carbon)
Share of company sales generating positive impact: 60%
(45% related to renewable energy)
Research and development expenditure: 3%
Other aspects & engagement
Andritz has a very high share of sales in developing and emerging countries. The company brings technology and energy generating equipment that contributes to a environmental friendly growth.
Source: Extract from Carnot impact analysis
Sustainable cities and communities Substantial Impact
Strategy
"Sustainability is part of AFRY’s business strategy and a prerequisite for AFRY’s business as a whole. We connect technologies to create sustainable progress for you."
Products
AFRY contributes to creating a sustainable society by finding new solutions which are efficient and resource saving. AFRY's projects create value for clients, society and shareholders. Prioritised aspects of sustainability are:
- Develop its service offering towards impact
- Create impact and local community level
Share of company sales generating positive impact: >60%
Research and development expenditure: 20%
(a substantial share of AFRY's activity is part of r&d expenditure on the client's side)
Other aspects & engagement
Signatory to SBTI and Net-Zero. AFRY helps companies become sustainable using, among other things, environmental impact quantification models.
Source: Extract from Carnot impact analysis
Sustainable cities and communities Low Impact
Strategy
"We will deliver on our commitments to reduce our impact on the climate. We are committed to changing mindsets and outcomes in our own business, among our customers and our suppliers to achieve our targets.
Our goal: to halve our carbon footprint."
"Our products should contribute as much as possible to reducing the environmental impact of customer processes, and they should also be recyclable."
Products
- Metal for supercritical water gasification
- Metals for solar thermal power production
- Additive manufacturing technology and materials
- Drilling technology for highly productive mining (hard- and software)
- Battery-electric mining loaders and transporters
- Light-weight titanium materials for airplanes
- Process technology for fuel cells
Share of company sales generating positive impact: 60%
Research and development expenditure: 3.7%
Other aspects & engagement
Large activities in mining, which is fundamentally a critical industry and where a lot of negative impact is also generated. This is precisely why sustainability is a central pillar of the strategy. Sandvik belongs to various sustainability indices and is a member of the UN Global Compact.
Source: Extract from Carnot impact analysis
Sustainable cities and communities Substantial Impact
Strategy
"Hexagon's technologies are shaping urban and production ecosystems to become increasingly connected and autonomous – ensuring a scalable, sustainable future."
Products
- Sensors (incl. cameras, laser)
- Monitoring equipment
- Precision positioning
- Metrology systems
- Software (CAD, CAM, CAE)
Share of company sales generating positive impact: >70%
Research and development expenditure: 12%
Other aspects & engagement
Hexagon has activities in the defence market. The activities amount to less than 5% of business. We have started a dialogue with the company with the aim to reduce these activities over time.
Source: Extract from Carnot impact analysis
Sustainable cities and communities Low Impact
Strategy
"We remain focused on developing solutions that accelerate the energy transition and strengthen Vestas’ continued leadership in wind."
"Our goals are carbon neutrality by 2030 without carbon offsets, zero waste turbines by 2040."
Products
On-shore and off-shore wind turbines.
"A single Vestas wind turbine will generate around 25 to 50 times more energy than it uses in its entire lifecycle and return this back to society. And, a single Vestas wind turbine only emits around one percent of carbon dioxide when compared to a coal power plant."
Share of company sales generating positive impact: 100%
Research and development expenditure: 2.3%
Other aspects & engagement
Signatory of the SBTI for 1.5 degrees and committed to zero carbon emissions.
Source: Extract from Carnot impact analysis
Sustainable cities and communities Substantial Impact
Strategy
"Chart aims to be a leading supplier of technologies, equipment and services in the fields of liquefied natural gas, hydrogen, biogas and CO2 capture, and thus a pioneer of the energy transition."
Products
- Air-cooled heat exchangers: unused heat is put to good use, resulting in increased energy efficiency and reduced raw material consumption.
- Carbon capture, utilization & storage: reduces carbon emissions from fossil fuel-fired power plants by 95-99%.
- Hydrogen as a safe, clean and affordable alternative to fossil fuels: Hydrogen liquefaction plants, transport solutions & refueling stations.
- Biogas liquefaction plant: can be used at source for power generation, refueling of natural gas vehicles and bunkers
Share of company sales generating positive impact: 30%
Research and development expenditure: 0.8%
Other aspects & engagement
Chart Industries has a sound sustainability strategy and assesses impacts of its business against the SDGs.
Source: Extract from Carnot impact analysis
Sustainable cities and communities Substantial Impact
Strategy
The strategy supports the reduction of energy use.
Strategy: development of market leading high-performance polymers.
"In the High Performance Polymer sector we develop, manufacture and market high-performance engineering plastics for demanding technical applications."
These products lead to a substantial weight reduction in vehicles and thus to lower fuel consumption.
Products
- High-performance polymers with very high rigidity and temperature resistence that replace metal and reduce the weight of these compoenents by up to 2/3. Lower weight means less fuel consumption.
- Castor oil derivatives, a fully renewable resource, and are therefore originated from a non food crop
Share of company sales generating positive impact: 35%
Research and development expenditure: 2.5%
Other aspects & engagement
CO2 neutrality achieved in 2020.
Heat and power procured from Switzerland's biggest biomass power plant.
Almost no employee layoffs during automotive down-cycles.
Employer and instructor of refugees in Switzerland.
Source: Extract from Carnot impact analysis
Sustainable cities and communities Significant Impact
Strategy
Stadler Rail's strategy is to develop and produce innovatove rail vehicles.
It's growth strategy helps expand the energy-efficient rail transport.
Part of the strategy is to reduce energy consumption of the vehicles: "The company works tirelessly to improve the energy efficiency of its products in operation."
Products
- Components and vehicles for rail transport
- Innovative concepts such as battery and fuel cell powered locomotives
Share of company sales generating positive impact: 100%
Research and development expenditure: 2%
Source: Extract from Carnot impact analysis
Sustainable cities and communities Significant Impact
Strategy
"We promote the development and dissemination of environmentally friendly technologies."
Products
- Transducers for variable speed motors
- for electric rail vehicles
- for inverters in wind and solar power stations
- for electric cars
Share of company sales generating positive impact: 80%
Research and development expenditure: 9.1%
Other aspects & engagement
Lem is a global technology leader in a key technology in the electrification process.
Source: Extract from Carnot impact analysis
Sustainable cities and communities Significant Impact
Strategy
"In our Group-wide HSE Policy we commit to minimizing or preventing harm to people and the environment arising from our processes, services and products.
One focus of our commitment to the environment is climate protection.
Knorr-Bremse concentrates most of its climate protection activities in the areas of products, logistics and energy."
Products
- Rail vehicles, for which Knorr-Bremse is a key supplier, are a very energy efficient transport means.
- Brakes with better performance allow higher speeds and longer trains, which increases the rail capacity.
- Real-time system to measure and optimize the energy consumption.
- Breaking and security systems for driverless trains.
- Brakes that can be remanufactured (award winning innovation), service for remanufacturing (29% of service revenue)
Share of company sales generating positive impact: 70%
Research and development expenditure: 5.7%
Other aspects & engagement
Knorr-Bremse uses detailed Eco-design guidelines to minimize the footprint of the products.
They reach from strategic planning to innovation and product design.
50% reduction of greenhouse gas emissions until 2030, procurement of renewable energy from 2021 on.
Source: Extract from Carnot impact analysis
Sustainable cities and communities Substantial Impact
Strategy
"Climate change and scarcity of resources ar global megatrends which form the basis for Norma Groups's business model."
Products
Lightweight connectors and other fluid management components for
- the thermal management of batteries in electric vehicles
- the thermal management of charging sockets and charging stations
- the thermal management of fuel cells
Water saving irrigation systems
Share of company sales generating positive impact: 60%
Research and development expenditure: 4.7%
Other aspects & engagement
Norma has a very comprehensive sustainability management and reporting system.
The products are essential for electromobility as well as for low-loss water infrastructure.
Source: Extract from Carnot impact analysis
Sustainable cities and communities Low Impact
Strategy
"We aim to increase fuel economy, reduce emissions and improve engine control through our technical solutions and precision engineering."
'The Group's environmental activities shall be integrated in all operations and shall be the subject of continuous improvement through the Concentric Business Excellence programme."
Products
- Energy-efficient oil pumps for on-highway trucks and heavy off-highway vehicles
- Optimized hydraulic pumps for agricultural and construction vehicles
- Electric coolant pumps for hybrid vehicles
- Coolant pumps for stationary batteries
Share of company sales generating positive impact: 90%
Research and development expenditure: 2.5%
Other aspects & engagement
Engagement-Call held for more determined development towards electrified commercial vehicles with electric pumps, cooperations, acquisitions.
Source: Extract from Carnot impact analysis
Sustainable cities and communities Considerable Impact
Strategy
"The Melexis strategy is to step up our presence in hybridization and electrification applications. We aim to grow in other markets, particularly in alternative mobility and in health, medical, computing, data center, telecom infrastructure and robotics applications.
Our strategy is set against several global megatrends. One key trend is an increasing and ageing population. Another is that the world, while it must find a way to meet growing demand, also needs to continue the fight against climate change and seek solutions for both CO2 and power consumption reduction."
Products
- High-temperature sensors for motors and exhaust systems in down-sized motors; saves ca. 15% fuel consumption
- Sensors for electric steering, replacing hydraulic steering
- Battery management sensors for electric vehicles
- Sensors for variable speed ventilators; saves ca. 40% electricity
Share of company sales generating positive impact: 40%
Research and development expenditure: 15.3%
Other aspects & engagement
Melexis follows the Global Reporting Initiatiative (GRI) reporting standards. The CEO and CFO positions are held by women.
We discussed potential conflicts of interests in the shareholder and supplier structure. The answers were satisfactory.
We requested a strict and transparent management of these conflicts of interest.
Source: Extract from Carnot impact analysis
Sustainable cities and communities Considerable Impact
Strategy
"Cummins' next generation environmental sustainability strategy looks out to 2050, setting quantifiable goals for 2030.
Reduce scope 3 absolute lifetime GHG emissions from newly sold products by 25%.
Partner with customers to reduce scope 3 GHG emissions from products in the field by 55 million metric tons."
Products
- Buildings: Intelligent monitoring and control of energy use (smart building)
- Electricity: Grid technology, substations, grid management, grid connection of wind parks
- Industry: Highly efficient and intelligent electric motor drives, frequency converters, robots, industry automation (industry 4.0)
- Transport: Charging infrastructure, electricyty supply for rail vehicles
Share of company sales generating positive impact: 20%
Research and development expenditure: 3.7%
Other aspects & engagement
Cummins is a market leader in heavy vehicle powertrains and is investing heavily to drive the transition to clean technologies.
Source: Extract from Carnot impact analysis
Climate action
Climate Action Significant Impact
Strategy
"Innovative solutions for more comfort, energy efficiency and security."
Products
- Ventilation air flap actuators with sensor (60% electricity saving): regulates air inflow according to room occupancy
- Energy valve with sensors (30%): For flow optimization in heating/cooling systems
- Throttle valves (20%): Combined valve and drive without electric supply
Over 6 mn actuators solved p.a.
Share of company sales generating positive impact: 80%
Research and development expenditure: 7.4%
Other aspects & engagement
Belimo is respected as innovation leader in a key are of Energy Efficiency.
Health: Belimo products improve the air quality in big cities because the enable great savings in electricity which is typically provided by coal power plants.
Successful Engagement to manage, measure and document CO2 abatement of Belimo products; completed in sustainability report.
We brought a smart metering specialist to Belimo for an exploration of ways how to generate billable energy data with the Belimo Energy Valve; completed with the generation IV, released in June 2021.
Source: Extract from Carnot impact analysis
Climate Action Substantial Impact
Strategy
"With its newly defined sustainability targets for the reduction of energy and water consumption, as well as waste, Sika will be minimizing its need for resources and the environmental impacts of the production process. Sika’s overriding goal is to reduce CO2 emissions per ton sold by 12% by 2023.
As a global company, Sika is committed to sustainable development. The company honors its responsibilities by offering sustainable solutions for energy-efficient construction and innovative vehicles."
Products
- Cement admixtures for low water consumption
- for the use of recycled cement
- for a lower need of cement in concretes
- Combined wood cement structures
- Sikaklastik roof membranes with high sun reflection
- Sealing products for lower vehicle weight
- for wind and PV sites
Share of company sales generating positive impact: 25%
Research and development expenditure: 2.5%
Other aspects & engagement
Stringent management of sustainability targets such as CO2, waste, water etc. Proprietary SDG impact analysis. Signatory of the UN Global Compact.
We encouraged the company to disclose the positve impacts of Sika products and to calculate reduction of greenhouse gas reduction.
Source: Extract from Carnot impact analysis
Climate Action Substantial Impact
Strategy
"For Geberit, sustainability means being oriented towards the future and being successful over the long term. A long-term orientation results when a balance is struck between economic, environmental and social aspects in all decision-making processes."
Products
- Toilet flushing system with srongly reduced water consumption
- Urinal system with different operating modes, saving water and energy
- 'Supertube technology' leads to substantial material savings
Share of company sales generating positive impact: 50%
Research and development expenditure: approx. 2.5%
Other aspects & engagement
Signatory of the UN Global Compact since 2008. Active contribution to 4 SDGs, very detailed progress reporting.
Source: Extract from Carnot impact analysis
Climate Action Significant Impact
Strategy
"Somfy creates innovative solutions for homes and buildings in three areas:
1. Comfort and well-being at any age
2. Security of people and property
3. Energy savings"
Products
- Automated shading (sunlight protection): Increases the use of shutters and blades by the factor of 20. Automation lowers energy consumption of lighting, heating and cooling. The motorization and automation is an important element of the smart building concept.
- Intelligent, wireless addressable heating valves
- Intelligent, wireless addressable light switches
Share of company sales generating positive impact: 90%
Research and development expenditure: 8%
Other aspects & engagement
Somfy aims at climate protection over three paths: Lowering emissioins in manufacturing, develop products with lower energy consumption, develop products that enable lower energy consumption of lighting/heating/coooling.
Source: Extract from Carnot impact analysis
Climate Action Substantial Impact
Strategy
"Innovations and Resource Efficiency: Innovations have an important role in tackling issues like social progress and climate change. Increasing resource efficiency is among our top priorities and we always work to do things in smarter ways."
Products
- Elevators and escaltors that consume up to 80% less energy than 15 years ago.
- Highly efficient driveless EcoDisc motor with frequency converter
- Energy recuperation in downward movement
- Extra-light Ultra Rope for very high buildings
- Remote service and optimization (less trafic, optimal operational efficiency)
- Modernization solutions for improved energy efficiency
Share of company sales generating positive impact: 70%
Research and development expenditure: 1.8%
Other aspects & engagement
Leadership score A in CDP's Global A List. Very comprehensive sustainability management inc. supply chain, ISO 14001 implemented. SBTI commitment and set targets for 1.5 degrees.
Source: Extract from Carnot impact analysis
Climate Action Substantial Impact
Strategy
"Bravida aims to operate a responsible business and ensure efficient management of its own and others’ resources. This includes the environmental, economic and social factors relating to our business. We take focused measures to achieve clear results."
Products
Bravida's installation business contributes to the infrastructure of buildings, and thereby has a significant impact on the use of resources in the long term. Main areas for improvement:
- Improve energy efficiency through smart buildings
- Increase employee safety and health
Share of company sales generating positive impact: >50%
Research and development expenditure: < 1%
(innovation happens more on building material and on planning level)
Source: Extract from Carnot impact analysis
Climate Action Substantial Impact
Strategy
"For Instalco, sustainability means running operations responsibly and applying a holistic approach to the economic, environmental and social aspects. Our aim is to help benefit society on a daily basis through our local presence and our technical, efficient solutions in all of our areas of expertises."
Products
Instalco's installation business contributes to the infrastructure of buildings, and thereby has a significant impact on the use of resources in the long term. Main areas for improvement:
- Improve energy efficiency through smart buildings
- Safe and modern work environment
Share of company sales generating positive impact: 70%
Research and development expenditure: < 1%
(innovation happens more on building material and on planning level)
Source: Extract from Carnot impact analysis
Climate Action Significant Impact
Strategy
"Managing and developing the strongest companies that improve people’s lives indoors with solutions for comfort, climate and safety, inspires employees and generates value for shareholders."
Products
Inwido is Europe's leading window group, with activities mainly in Scandinavia. Its products improve indoor climate and reduce energy consumption through:
- High quality windows (mainly wood frames)
- Decrease climate impact from own operations and suppliers
- Reuse and recycle materials
Share of company sales generating positive impact: 90%
Research and development expenditure: 1-2%
(innovation partially in glas production)
Other aspects & engagement
- "Inwido's objective is for zero accidents to occur in ist operations."
- "Inwido targets having an even gender distribution in the Group Management Team and on the Board of Directors."
Source: Extract from Carnot impact analysis
Climate Action Significant Impact
Strategy
"The NIBE Group contributes to lower carbon dioxide emissions and better energy efficiency. In our three business areas - Climate Solutions, Element and Stoves - we develop, manufacture and market a wide range of environmentally friendly and energy-efficient solutions."
Products
- Heatpumps: 80% of the heat is sourced from the environment, i.e. from the soil or from the air.
- Heat exchangers for heating and cooling circuits
- Electric resistors for wind turbines that permit short interruptions
Share of company sales generating positive impact: 72%
Research and development expenditure: 2.9%
Other aspects & engagement
Nibe is the undisputed market leader in the European and North American heat pump market. Heat pumps are kind of a "killer application" in the fighting the over 30% of CO2 emissions caused by buildings.
Source: Extract from Carnot impact analysis
Climate Action Substantial Impact
Strategy
"Across our Company, we remain focused on embedding sustainability into our overall business strategy. We pride ourselves on delivering products and solutions that make critical infrastructure operate efficiently, safely, reliably, and sustainably."
Products
- Grid technology for renewables
- Presence detectors
- Wireless controls and switches
- Advanced metering for power, water and gas
Share of company sales generating positive impact: approx. 30%
Research and development expenditure: 3%
Source: Extract from Carnot impact analysis
Climate Action Significant Impact
Strategy
"With our 2030 sustainability strategy, we are actively enabling a low-carbon society as well as working with our customers and suppliers to implement sustainable practices across our value chain and the lifecycle of our products and solutions."
"We are dedicated to continuous improvement with respect to our products and services by seeking, among other things, to reduce emissions."
Products
- Buildings: Intelligent monitoring and control of energy use (smart building)
- Electricity: Grid technology, substations, grid management, grid connection of wind parks
- Industry: Highly efficient and intelligent electric motor drives, frequency converters, robots, industry automation (industry 4.0)
- Transport: Charging infrastructure, electricyty supply for rail vehicles
Share of company sales generating positive impact: >70%
Research and development expenditure: 4.3%
Other aspects & engagement
Explicit targets: CO2 neutrality, saving of 100 mn tonnes CO2 throuh ABB technology by 2030, engagement with suppliers for lower carbon footprint. Committed in the Science Based Targets Initiative.
Source: Extract from Carnot impact analysis
Climate Action Substantial Impact
Strategy
"We are a driver of the European energy transition with innovative and reliable solutions for the energy infrastructure of tomorrow."
Products
- Infrastructure created so that the green hydrogen can reach the consumers.
- CO2-neutral gas pressure regulating and metering systems: Reduction of energy consumption, as Vorwerk technology does not require the combustion of gas.
- Plant construction for biogas processing: Reduction of resource consumption through reuse of organic waste materials.
Share of company sales generating positive impact: 10%
Research and development expenditure: 2%
Source: Extract from Carnot impact analysis
Climate Action Substantial Impact
Strategy
"As a pioneer of the energy transition, we want to realize our vision of 100% renewable energy."
Products
- Project planning and sale of wind and solar parks
- Power generation in Group-owned wind and solar parks
- Operational development and innovation (optimization of operational value creation)
Share of company sales generating positive impact: 100%
Research and development expenditure: 1.9%
(Calculation of R&D expenses: 100% personnel expenses of "Operational Development and Innovation" segment (rotor blade extension, efficiency improvement), plus 10% personnel expenses in project development business)
Source: Extract from Carnot impact analysis
Climate Action Substantial Impact
Strategy
"Sustainability is at the heart of our strategy: Our mission is to help businesses meet their energy challenge -keep global warming below the 2°C limit- while achieving better operational efficiency."
Products
- EcoStruxure technology platform: IoT systems for real-time data measurement, communication, analysis and control.
- Medium voltage technology for the integration of local power grids (power sourcing and delivery), EV charging stations
- Cooling of data centres: hardware, software
- Frequency converters for electric motors, controllers
Share of company sales generating positive impact: >70%
Research and development expenditure: 2.8%
Source: Extract from Carnot impact analysis
Climate Action Substantial Impact
Strategy
"Research & development: At ANDRITZ, sustainability stands above all for solutions that help customers to achieve their sustainability goals and make use of resources as economically and efficiently as possible. Research and development work thus also concentrates to a large extent on developing products of this kind."
Products
- Hydroturbines as alternatives to fossil power stations
- Boilers for biomass and waste
- Wool pellet fabrication
- Exhaust gas scrubbers
- Biogas production, pyrolysis
- Sludge drying for incineration
- Presses for composite material sheets (carbon)
Share of company sales generating positive impact: 60%
(45% related to renewable energy)
Research and development expenditure: 3%
Other aspects & engagement
Andritz has a very high share of sales in developing and emerging countries. The company brings technology and energy generating equipment that contributes to a environmental friendly growth.
Source: Extract from Carnot impact analysis
Climate Action Considerable Impact
Strategy
"Sustainability is part of AFRY’s business strategy and a prerequisite for AFRY’s business as a whole. We connect technologies to create sustainable progress for you."
Products
AFRY contributes to creating a sustainable society by finding new solutions which are efficient and resource saving. AFRY's projects create value for clients, society and shareholders. Prioritised aspects of sustainability are:
- Develop its service offering towards impact
- Create impact and local community level
Share of company sales generating positive impact: >60%
Research and development expenditure: 20%
(a substantial share of AFRY's activity is part of r&d expenditure on the client's side)
Other aspects & engagement
Signatory to SBTI and Net-Zero. AFRY helps companies become sustainable using, among other things, environmental impact quantification models.
Source: Extract from Carnot impact analysis
Climate Action Substantial Impact
Strategy
"We will deliver on our commitments to reduce our impact on the climate. We are committed to changing mindsets and outcomes in our own business, among our customers and our suppliers to achieve our targets.
Our goal: to halve our carbon footprint."
"Our products should contribute as much as possible to reducing the environmental impact of customer processes, and they should also be recyclable."
Products
- Metal for supercritical water gasification
- Metals for solar thermal power production
- Additive manufacturing technology and materials
- Drilling technology for highly productive mining (hard- and software)
- Battery-electric mining loaders and transporters
- Light-weight titanium materials for airplanes
- Process technology for fuel cells
Share of company sales generating positive impact: 60%
Research and development expenditure: 3.7%
Other aspects & engagement
Large activities in mining, which is fundamentally a critical industry and where a lot of negative impact is also generated. This is precisely why sustainability is a central pillar of the strategy. Sandvik belongs to various sustainability indices and is a member of the UN Global Compact.
Source: Extract from Carnot impact analysis
Climate Action Substantial Impact
Strategy
"Hexagon's technologies are shaping urban and production ecosystems to become increasingly connected and autonomous – ensuring a scalable, sustainable future."
Products
- Sensors (incl. cameras, laser)
- Monitoring equipment
- Precision positioning
- Metrology systems
- Software (CAD, CAM, CAE)
Share of company sales generating positive impact: >70%
Research and development expenditure: 12%
Other aspects & engagement
Hexagon has activities in the defence market. The activities amount to less than 5% of business. We have started a dialogue with the company with the aim to reduce these activities over time.
Source: Extract from Carnot impact analysis
Climate Action Significant Impact
Strategy
"We remain focused on developing solutions that accelerate the energy transition and strengthen Vestas’ continued leadership in wind."
"Our goals are carbon neutrality by 2030 without carbon offsets, zero waste turbines by 2040."
Products
On-shore and off-shore wind turbines.
"A single Vestas wind turbine will generate around 25 to 50 times more energy than it uses in its entire lifecycle and return this back to society. And, a single Vestas wind turbine only emits around one percent of carbon dioxide when compared to a coal power plant."
Share of company sales generating positive impact: 100%
Research and development expenditure: 2.3%
Other aspects & engagement
Signatory of the SBTI for 1.5 degrees and committed to zero carbon emissions.
Source: Extract from Carnot impact analysis
Climate Action Significant Impact
Strategy
"Chart aims to be a leading supplier of technologies, equipment and services in the fields of liquefied natural gas, hydrogen, biogas and CO2 capture, and thus a pioneer of the energy transition."
Products
- Air-cooled heat exchangers: unused heat is put to good use, resulting in increased energy efficiency and reduced raw material consumption.
- Carbon capture, utilization & storage: reduces carbon emissions from fossil fuel-fired power plants by 95-99%.
- Hydrogen as a safe, clean and affordable alternative to fossil fuels: Hydrogen liquefaction plants, transport solutions & refueling stations.
- Biogas liquefaction plant: can be used at source for power generation, refueling of natural gas vehicles and bunkers
Share of company sales generating positive impact: 30%
Research and development expenditure: 0.8%
Other aspects & engagement
Chart Industries has a sound sustainability strategy and assesses impacts of its business against the SDGs.
Source: Extract from Carnot impact analysis
Climate Action Substantial Impact
Strategy
The strategy supports the reduction of energy use.
Strategy: development of market leading high-performance polymers.
"In the High Performance Polymer sector we develop, manufacture and market high-performance engineering plastics for demanding technical applications."
These products lead to a substantial weight reduction in vehicles and thus to lower fuel consumption.
Products
- High-performance polymers with very high rigidity and temperature resistence that replace metal and reduce the weight of these compoenents by up to 2/3. Lower weight means less fuel consumption.
- Castor oil derivatives, a fully renewable resource, and are therefore originated from a non food crop
Share of company sales generating positive impact: 35%
Research and development expenditure: 2.5%
Other aspects & engagement
CO2 neutrality achieved in 2020.
Heat and power procured from Switzerland's biggest biomass power plant.
Almost no employee layoffs during automotive down-cycles.
Employer and instructor of refugees in Switzerland.
Source: Extract from Carnot impact analysis
Climate Action Substantial Impact
Strategy
Stadler Rail's strategy is to develop and produce innovatove rail vehicles.
It's growth strategy helps expand the energy-efficient rail transport.
Part of the strategy is to reduce energy consumption of the vehicles: "The company works tirelessly to improve the energy efficiency of its products in operation."
Products
- Components and vehicles for rail transport
- Innovative concepts such as battery and fuel cell powered locomotives
Share of company sales generating positive impact: 100%
Research and development expenditure: 2%
Source: Extract from Carnot impact analysis
Climate Action Significant Impact
Strategy
"We promote the development and dissemination of environmentally friendly technologies."
Products
- Transducers for variable speed motors
- for electric rail vehicles
- for inverters in wind and solar power stations
- for electric cars
Share of company sales generating positive impact: 80%
Research and development expenditure: 9.1%
Other aspects & engagement
Lem is a global technology leader in a key technology in the electrification process.
Source: Extract from Carnot impact analysis
Climate Action Significant Impact
Strategy
"In our Group-wide HSE Policy we commit to minimizing or preventing harm to people and the environment arising from our processes, services and products.
One focus of our commitment to the environment is climate protection.
Knorr-Bremse concentrates most of its climate protection activities in the areas of products, logistics and energy."
Products
- Rail vehicles, for which Knorr-Bremse is a key supplier, are a very energy efficient transport means.
- Brakes with better performance allow higher speeds and longer trains, which increases the rail capacity.
- Real-time system to measure and optimize the energy consumption.
- Breaking and security systems for driverless trains.
- Brakes that can be remanufactured (award winning innovation), service for remanufacturing (29% of service revenue)
Share of company sales generating positive impact: 70%
Research and development expenditure: 5.7%
Other aspects & engagement
Knorr-Bremse uses detailed Eco-design guidelines to minimize the footprint of the products.
They reach from strategic planning to innovation and product design.
50% reduction of greenhouse gas emissions until 2030, procurement of renewable energy from 2021 on.
Source: Extract from Carnot impact analysis
Climate Action Considerable Impact
Strategy
"Climate change and scarcity of resources ar global megatrends which form the basis for Norma Groups's business model."
Products
Lightweight connectors and other fluid management components for
- the thermal management of batteries in electric vehicles
- the thermal management of charging sockets and charging stations
- the thermal management of fuel cells
Water saving irrigation systems
Share of company sales generating positive impact: 60%
Research and development expenditure: 4.7%
Other aspects & engagement
Norma has a very comprehensive sustainability management and reporting system.
The products are essential for electromobility as well as for low-loss water infrastructure.
Source: Extract from Carnot impact analysis
Climate Action Substantial Impact
Strategy
"We aim to increase fuel economy, reduce emissions and improve engine control through our technical solutions and precision engineering."
'The Group's environmental activities shall be integrated in all operations and shall be the subject of continuous improvement through the Concentric Business Excellence programme."
Products
- Energy-efficient oil pumps for on-highway trucks and heavy off-highway vehicles
- Optimized hydraulic pumps for agricultural and construction vehicles
- Electric coolant pumps for hybrid vehicles
- Coolant pumps for stationary batteries
Share of company sales generating positive impact: 90%
Research and development expenditure: 2.5%
Other aspects & engagement
Engagement-Call held for more determined development towards electrified commercial vehicles with electric pumps, cooperations, acquisitions.
Source: Extract from Carnot impact analysis
Climate Action Substantial Impact
Strategy
"The Melexis strategy is to step up our presence in hybridization and electrification applications. We aim to grow in other markets, particularly in alternative mobility and in health, medical, computing, data center, telecom infrastructure and robotics applications.
Our strategy is set against several global megatrends. One key trend is an increasing and ageing population. Another is that the world, while it must find a way to meet growing demand, also needs to continue the fight against climate change and seek solutions for both CO2 and power consumption reduction."
Products
- High-temperature sensors for motors and exhaust systems in down-sized motors; saves ca. 15% fuel consumption
- Sensors for electric steering, replacing hydraulic steering
- Battery management sensors for electric vehicles
- Sensors for variable speed ventilators; saves ca. 40% electricity
Share of company sales generating positive impact: 40%
Research and development expenditure: 15.3%
Other aspects & engagement
Melexis follows the Global Reporting Initiatiative (GRI) reporting standards. The CEO and CFO positions are held by women.
We discussed potential conflicts of interests in the shareholder and supplier structure. The answers were satisfactory.
We requested a strict and transparent management of these conflicts of interest.
Source: Extract from Carnot impact analysis
Climate Action Substantial Impact
Strategy
"Cummins' next generation environmental sustainability strategy looks out to 2050, setting quantifiable goals for 2030.
Reduce scope 3 absolute lifetime GHG emissions from newly sold products by 25%.
Partner with customers to reduce scope 3 GHG emissions from products in the field by 55 million metric tons."
Products
- Buildings: Intelligent monitoring and control of energy use (smart building)
- Electricity: Grid technology, substations, grid management, grid connection of wind parks
- Industry: Highly efficient and intelligent electric motor drives, frequency converters, robots, industry automation (industry 4.0)
- Transport: Charging infrastructure, electricyty supply for rail vehicles
Share of company sales generating positive impact: 20%
Research and development expenditure: 3.7%
Other aspects & engagement
Cummins is a market leader in heavy vehicle powertrains and is investing heavily to drive the transition to clean technologies.
Source: Extract from Carnot impact analysis
