Interactive Impact Heatmap
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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 365m
ROCE
>50%
Source: Bloomberg, Carnot Capital
Sensirion manufactures gas and liquid flow sensors for measuring humidity and temperature, volatile organic compounds and carbon dioxide. Sensirion serves the automotive, industrial, medical and consumer goods industries worldwide.
SWITZERLAND
CH0406705126
CEO
Marc Von Waldkirch
Revenue
CHF 328m
ROCE
>50%
Source: Bloomberg, Carnot Capital
Infineon develops and manufactures power semiconductors, microcontrollers and sensors for the industrial, communications and consumer and security electronics markets.
GERMANY
DE0006231004
CEO
Jochen Hanebeck
Revenue
EUR 14'010m
ROCE
26%
Source: Bloomberg, Carnot Capital
Nemetschek offers software products for designing, building and managing real estate.
GERMANY
DE0006452907
CEO
Yves Padrines
Revenue
EUR 802m
ROCE
>50%
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
Paolo Guglielmini
Revenue
SEK 57'543m
ROCE
41%
Source: Bloomberg, Carnot Capital
X-Fab Silicon Foundries operates as a fabricator for analog semiconductor applications. The company manufactures silicon wafers for mixed-signal integrated circuits.
BELGIUM
BE0974310428
CEO
Rudi De Winter
Revenue
EUR 681m
ROCE
15%
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 837m
ROCE
>50%
Source: Bloomberg, Carnot Capital
Meier Tobler engages in the sale, logistics and maintenance of heating and air conditioning systems for residential and commercial buildings. The Sales segment specializes in the sale of heating, air conditioning, and sanitary components. The Service segment provides inspection and troubleshooting services.
SWITZERLAND
CH0208062627
CEO
Roger Basler
Revenue
EUR 552m
ROCE
>50%
Source: Bloomberg, Carnot Capital
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 847m
ROCE
40%
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 10'489m
ROCE
36%
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 3'392m
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 10'922m
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
Robin Boheman
Revenue
SEK 11'619m
ROCE
>50%
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 10'992m
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 39'094m
ROCE
31%
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 4'973m
ROCE
38%
Source: Bloomberg, Carnot Capital
ABB Limited provides power and automation technologies. The Company operates under segments that include power products, power systems, automation products, process automation, and robotics.
SWITZERLAND
CH0012221716
CEO
Björn Rosengren
Revenue
CHF 27'011m
ROCE
46%
Source: Bloomberg, Carnot Capital
BKW AG is an energy company that provides services in the field of energy supply. The company focuses on the production, transport, trading and distribution of energy.
SWITZERLAND
CH0130293662
CEO
Robert Itschner
Revenue
CHF 4'365m
ROCE
20%
Source: Bloomberg, Carnot Capital
Energiekontor develops and operates wind and solar energy projects in Germany, UK, France, Portugal and USA.
GERMANY
DE0005313506
CEO
Peter Szabo
Revenue
EUR 183m
ROCE
23%
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 33'586m
ROCE
47%
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 7'285m
ROCE
47%
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 23'417m
ROCE
36%
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 111'608m
ROCE
33%
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 1'664m
ROCE
15%
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 2'400m
ROCE
36%
Source: Bloomberg, Carnot Capital
Accelleron is a spin-off of ABB. It is the world market leader for turbochargers for large combustion engines and operates a global service network.
SWITZERLAND
CH1169360919
CEO
Daniel Bischofberger
Revenue
CHF 722m
ROCE
>50%
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
Martin Kunz
Revenue
SEK 4'084m
ROCE
>50%
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 27'627m
ROCE
26%
Source: Bloomberg, Carnot Capital
Affordable andclean energy
Affordable and clean energy Significant Impact
Strategy
"We promote the development and diffusion of environmentally friendly technologies". Code of Conduct
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%
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 Substantial Impact
Strategy
"Our growth strategy has three strategic focuses: driving our market and cost leadership in the core markets of humidity and flow, becoming market leader in the entire environmental market and developing technologies for long-term growth. ... Several megatrends support this growth strategy: improving energy efficiency and quality of life, increased digitalization and automation, and the growing urgency of environmental protection."
Products
- Temperature, humidity, CO2 sensors to improve air quality and control the ventilation system according to demand.
- ... for energy-efficient operation of car air conditioners and refrigerators.
- Leakage sensors for hydrogen applications
Share of company sales generating positive impact: 51%
Research and development expenditure: 16%
Source: Extract from Carnot impact analysis
Affordable and clean energy Significant Impact
Strategy
"In summary, Infineon’s corporate strategy and success are based, in terms of content, on four key aspects: 1. Infineon’s role as a major pioneer in the decarbonization and digitalization of our world, areas which offer huge growth potential..." AR 2022
Products
- Sensors and power semiconductors for electric cars
- Inverters for batteries and solar systems
- CO2 sensors for ventilation systems
- Power semiconductors for industrial motors
- Presence radars for lighting, heating, displays
Share of company sales generating positive impact: 58%
Research and development expenditure: 13%
Other aspects & engagement
Infineon rightly describes itself as one of the most sustainable semiconductor companies with very high targets. CO2 neutrality targeted by 2030.
Source: Extract from Carnot impact analysis
Affordable and clean energy Substantial Impact
Strategy
Good corporate governance and the assumption of responsibility for social and ecological aspects are of central importance for Nemetschek. The group claims to increase efficiency and productivity along the entire WS chain in the construction industry through its own software solutions.
Products
- Sustainable design and construction up to a real circular economy requires consistent digitization.
- Nemetschek's software solutions enable a central way of working in the design, construction and management process of buildings (BIM).
- Visualizations and 3D modeling
Share of company sales generating positive impact: 90%
Research and development expenditure: 23%
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 Substantial Impact
Strategy
X-FAB’s mission is to contribute to the social, environmental, and economic development of the countries and regions where it conducts business.
Products
X-FAB is one of the world’s leading specialty foundry groups for analog/mixed-signal semiconductor technologies with a clear focus on automotive, industrial, and medical applications.
Share of company sales generating positive impact: 60%
Research and development expenditure: 5%
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 are committed to work together with our global customer base to contribute to the solutions that will enable the best imaginable future, a future that is sustainable, safe, clean, comfortable and healthy." Strategy, Annual Report 2021
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: 35%
Research and development expenditure: 15%
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 Significant Impact
Strategy
"Corporate strategy ... with a clear focus on the four business areas of trade, heat generation, service, air conditioning systems". The company's activities from planning and sales to optimization (service) contribute to reducing consumption.
Products
- Heat pumps with modulating motors
- Air-conditioning box systems with heat exchangers and modulating motors
- Online monitoring and optimization of air conditioning systems and heating systems
Share of company sales generating positive impact: 60%
Research and development expenditure: 3%
Other aspects & engagement
As the largest provider of HVAC solutions in Switzerland, Meier Tobler plays a key role in the energy refurbishment of the building stock
Engagement with majority shareholder for equal treatment of minority shareholders in share transaction. Engagement to expand of heat pump offering.
Source: Extract from Carnot impact analysis
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%
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: 3%
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 Low 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: 3%
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
"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: 2%
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
"We enable our companies, employees and customers to grow by collaborating on installations for the transition to a green society for the next generation." Vision in Roadmap to 2027
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
source: Sustainability Report)
Share of company sales generating positive impact: 70%
Research and development expenditure: 1%
(Innovation tends to take place at the supplier level, Instalco's contribution comes from a good quality implementation)
Other aspects & engagement
Considering that Instalco is a relatively small company in a conservative industry, the company does devote some resources to sustainability and attaches great importance to the topic.
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: 2%
(Innovation partly takes place in glass production)
Other aspects & engagement
- "Inwido hat sich zum Ziel gesetzt, dass in seinen Betrieben keine Unfälle auftreten."
- "Inwido strebt eine ausgewogene Verteilung der Geschlechter in der Konzernleitung und im Verwaltungsrat an."""
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: 57%
Research and development expenditure: 3%
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 the efficient use of natural resources in power supply.
- Technology for integrating renewable energies into the power supply system
- Products to increase energy efficiency in buildings
- Critical infrastructure resilience products.
Share of company sales generating positive impact: 30%
Research and development expenditure: 3%
Other aspects & engagement
Hubbell supports is a leader in lighting and heavily involved in the building automation and charging infrastructure for electric mobility and thus contributing to reducin greenhous gas emissions.
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." Sustainability Strategy 2030
"We are dedicated to continuous improvement ... with respect to our products and services by seeking, among other things, to reduce emissions..." Code of Conduct, p. 14
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: 677%
Research and development expenditure: 4%
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 Significant Impact
Strategy
"As an international, future-oriented energy and infrastructure service provider, we use the latest technologies and innovations to conserve our resources. We increase energy efficiency, reduce energy consumption and strengthen the resilience of habitats and infrastructures."
Products
- Infrastructure: construction of grid infrastructure for the future (electricity, water, transport and telecommunications), installation of energy-efficient lighting in public spaces, construction and operation of power plants (hydropower, wind power, PV, district heating).
- Building technology: installation of photovoltaic systems, heat pumps, electricity storage and charging stations, building automation
- Energy: intelligent energy procurement, smart energy management, energy consulting
Share of company sales generating positive impact: 70%
Research and development expenditure: 1%
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: 2%
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." Internetseite - Sustainability
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: 3%
Other aspects & engagement
"Schneider Electric has been named a global leader by CDP for its climate change actions for the 7th year in a row." Signatories to the SBTI for 1.5 degrees and Net-Zero
Source: Extract from Carnot impact analysis
Affordable and clean energy Substantial Impact
Strategy
"ANDRITZ's research and development activities focus on bringing products and technologies to market that protect the environment, minimize the use of energy and resources, and extend the life cycle of machines and plants." AR 2021, p. 55
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: 53%
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.
Suggestion for strategic expansion in the direction of waste separation and treatment, sewage sludge dewatering, etc.
Source: Extract from Carnot impact analysis
Affordable and clean energy 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." (Company Website)
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
(source: Sustainability Report)
Share of company sales generating positive impact: 65%
Research and development expenditure: 20%
(Part of AFRY's activity constitutes R&D expenses on the customer 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 goals. Our goal: to cut our carbon footprint in half."
"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: 4%
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 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: 1%
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." (Mission Statement) 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: 3%
Other aspects & engagement
CO2 neutrality achieved in 2020 (scope 1 and 2). 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
"We aim to improve the environmental impact of … our customers operations by reducing their emissions, improving resource use and extending the lifespan of customer assets through our service focused business model."
Products
Turbocharger and maintenance services. Enable up to 10% fuel and fuel savings, up to 60% less NOx emissions.
Share of company sales generating positive impact: 100%
Research and development expenditure: 7%
Other aspects & engagement
Accelleron makes a harmful technology (internal combustion engines) cleaner. The technology is "best-in-class" in that it is not enabling.
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." (Company Website)
"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." (Sustainability report)
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: 3%
Other aspects & engagement
Call 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
"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: 40%
Research and development expenditure: 4%
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 Substantial Impact
Strategy
"We promote the development and diffusion of environmentally friendly technologies". Code of Conduct
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%
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 Low Impact
Strategy
"Our growth strategy has three strategic focuses: driving our market and cost leadership in the core markets of humidity and flow, becoming market leader in the entire environmental market and developing technologies for long-term growth. ... Several megatrends support this growth strategy: improving energy efficiency and quality of life, increased digitalization and automation, and the growing urgency of environmental protection."
Products
- Temperature, humidity, CO2 sensors to improve air quality and control the ventilation system according to demand.
- ... for energy-efficient operation of car air conditioners and refrigerators.
- Leakage sensors for hydrogen applications
Share of company sales generating positive impact: 51%
Research and development expenditure: 16%
Source: Extract from Carnot impact analysis
Decent work and economic growth Low Impact
Strategy
"In summary, Infineon’s corporate strategy and success are based, in terms of content, on four key aspects: 1. Infineon’s role as a major pioneer in the decarbonization and digitalization of our world, areas which offer huge growth potential..." AR 2022
Products
- Sensors and power semiconductors for electric cars
- Inverters for batteries and solar systems
- CO2 sensors for ventilation systems
- Power semiconductors for industrial motors
- Presence radars for lighting, heating, displays
Share of company sales generating positive impact: 58%
Research and development expenditure: 13%
Other aspects & engagement
Infineon rightly describes itself as one of the most sustainable semiconductor companies with very high targets. CO2 neutrality targeted by 2030.
Source: Extract from Carnot impact analysis
Decent work and economic growth Low Impact
Strategy
Good corporate governance and the assumption of responsibility for social and ecological aspects are of central importance for Nemetschek. The group claims to increase efficiency and productivity along the entire WS chain in the construction industry through its own software solutions.
Products
- Sustainable design and construction up to a real circular economy requires consistent digitization.
- Nemetschek's software solutions enable a central way of working in the design, construction and management process of buildings (BIM).
- Visualizations and 3D modeling
Share of company sales generating positive impact: 90%
Research and development expenditure: 23%
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
X-FAB’s mission is to contribute to the social, environmental, and economic development of the countries and regions where it conducts business.
Products
X-FAB is one of the world’s leading specialty foundry groups for analog/mixed-signal semiconductor technologies with a clear focus on automotive, industrial, and medical applications.
Share of company sales generating positive impact: 60%
Research and development expenditure: 5%
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 are committed to work together with our global customer base to contribute to the solutions that will enable the best imaginable future, a future that is sustainable, safe, clean, comfortable and healthy." Strategy, Annual Report 2021
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: 35%
Research and development expenditure: 15%
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
"Corporate strategy ... with a clear focus on the four business areas of trade, heat generation, service, air conditioning systems". The company's activities from planning and sales to optimization (service) contribute to reducing consumption.
Products
- Heat pumps with modulating motors
- Air-conditioning box systems with heat exchangers and modulating motors
- Online monitoring and optimization of air conditioning systems and heating systems
Share of company sales generating positive impact: 60%
Research and development expenditure: 3%
Other aspects & engagement
As the largest provider of HVAC solutions in Switzerland, Meier Tobler plays a key role in the energy refurbishment of the building stock
Engagement with majority shareholder for equal treatment of minority shareholders in share transaction. Engagement to expand of heat pump offering.
Source: Extract from Carnot impact analysis
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%
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: 3%
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: 3%
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 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: 2%
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
"We enable our companies, employees and customers to grow by collaborating on installations for the transition to a green society for the next generation." Vision in Roadmap to 2027
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
source: Sustainability Report)
Share of company sales generating positive impact: 70%
Research and development expenditure: 1%
(Innovation tends to take place at the supplier level, Instalco's contribution comes from a good quality implementation)
Other aspects & engagement
Considering that Instalco is a relatively small company in a conservative industry, the company does devote some resources to sustainability and attaches great importance to the topic.
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: 2%
(Innovation partly takes place in glass production)
Other aspects & engagement
- "Inwido hat sich zum Ziel gesetzt, dass in seinen Betrieben keine Unfälle auftreten."
- "Inwido strebt eine ausgewogene Verteilung der Geschlechter in der Konzernleitung und im Verwaltungsrat an."""
Source: Extract from Carnot impact analysis
Decent work and economic growth Low 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: 57%
Research and development expenditure: 3%
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 the efficient use of natural resources in power supply.
- Technology for integrating renewable energies into the power supply system
- Products to increase energy efficiency in buildings
- Critical infrastructure resilience products.
Share of company sales generating positive impact: 30%
Research and development expenditure: 3%
Other aspects & engagement
Hubbell supports is a leader in lighting and heavily involved in the building automation and charging infrastructure for electric mobility and thus contributing to reducin greenhous gas emissions.
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." Sustainability Strategy 2030
"We are dedicated to continuous improvement ... with respect to our products and services by seeking, among other things, to reduce emissions..." Code of Conduct, p. 14
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: 677%
Research and development expenditure: 4%
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 Considerable Impact
Strategy
"As an international, future-oriented energy and infrastructure service provider, we use the latest technologies and innovations to conserve our resources. We increase energy efficiency, reduce energy consumption and strengthen the resilience of habitats and infrastructures."
Products
- Infrastructure: construction of grid infrastructure for the future (electricity, water, transport and telecommunications), installation of energy-efficient lighting in public spaces, construction and operation of power plants (hydropower, wind power, PV, district heating).
- Building technology: installation of photovoltaic systems, heat pumps, electricity storage and charging stations, building automation
- Energy: intelligent energy procurement, smart energy management, energy consulting
Share of company sales generating positive impact: 70%
Research and development expenditure: 1%
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: 2%
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." Internetseite - Sustainability
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: 3%
Other aspects & engagement
"Schneider Electric has been named a global leader by CDP for its climate change actions for the 7th year in a row." Signatories to the SBTI for 1.5 degrees and Net-Zero
Source: Extract from Carnot impact analysis
Decent work and economic growth Substantial Impact
Strategy
"ANDRITZ's research and development activities focus on bringing products and technologies to market that protect the environment, minimize the use of energy and resources, and extend the life cycle of machines and plants." AR 2021, p. 55
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: 53%
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.
Suggestion for strategic expansion in the direction of waste separation and treatment, sewage sludge dewatering, etc.
Source: Extract from Carnot impact analysis
Decent work and economic growth 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." (Company Website)
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
(source: Sustainability Report)
Share of company sales generating positive impact: 65%
Research and development expenditure: 20%
(Part of AFRY's activity constitutes R&D expenses on the customer 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 goals. Our goal: to cut our carbon footprint in half."
"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: 4%
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
"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: 1%
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." (Mission Statement) 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: 3%
Other aspects & engagement
CO2 neutrality achieved in 2020 (scope 1 and 2). 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
"We aim to improve the environmental impact of … our customers operations by reducing their emissions, improving resource use and extending the lifespan of customer assets through our service focused business model."
Products
Turbocharger and maintenance services. Enable up to 10% fuel and fuel savings, up to 60% less NOx emissions.
Share of company sales generating positive impact: 100%
Research and development expenditure: 7%
Other aspects & engagement
Accelleron makes a harmful technology (internal combustion engines) cleaner. The technology is "best-in-class" in that it is not enabling.
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." (Company Website)
"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." (Sustainability report)
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: 3%
Other aspects & engagement
Call 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
"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: 40%
Research and development expenditure: 4%
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 Considerable Impact
Strategy
"We promote the development and diffusion of environmentally friendly technologies". Code of Conduct
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%
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 Considerable Impact
Strategy
"Our growth strategy has three strategic focuses: driving our market and cost leadership in the core markets of humidity and flow, becoming market leader in the entire environmental market and developing technologies for long-term growth. ... Several megatrends support this growth strategy: improving energy efficiency and quality of life, increased digitalization and automation, and the growing urgency of environmental protection."
Products
- Temperature, humidity, CO2 sensors to improve air quality and control the ventilation system according to demand.
- ... for energy-efficient operation of car air conditioners and refrigerators.
- Leakage sensors for hydrogen applications
Share of company sales generating positive impact: 51%
Research and development expenditure: 16%
Source: Extract from Carnot impact analysis
Industry, innovation and infrastructure Substantial Impact
Strategy
"In summary, Infineon’s corporate strategy and success are based, in terms of content, on four key aspects: 1. Infineon’s role as a major pioneer in the decarbonization and digitalization of our world, areas which offer huge growth potential..." AR 2022
Products
- Sensors and power semiconductors for electric cars
- Inverters for batteries and solar systems
- CO2 sensors for ventilation systems
- Power semiconductors for industrial motors
- Presence radars for lighting, heating, displays
Share of company sales generating positive impact: 58%
Research and development expenditure: 13%
Other aspects & engagement
Infineon rightly describes itself as one of the most sustainable semiconductor companies with very high targets. CO2 neutrality targeted by 2030.
Source: Extract from Carnot impact analysis
Industry, innovation and infrastructure Substantial Impact
Strategy
Good corporate governance and the assumption of responsibility for social and ecological aspects are of central importance for Nemetschek. The group claims to increase efficiency and productivity along the entire WS chain in the construction industry through its own software solutions.
Products
- Sustainable design and construction up to a real circular economy requires consistent digitization.
- Nemetschek's software solutions enable a central way of working in the design, construction and management process of buildings (BIM).
- Visualizations and 3D modeling
Share of company sales generating positive impact: 90%
Research and development expenditure: 23%
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 Considerable Impact
Strategy
X-FAB’s mission is to contribute to the social, environmental, and economic development of the countries and regions where it conducts business.
Products
X-FAB is one of the world’s leading specialty foundry groups for analog/mixed-signal semiconductor technologies with a clear focus on automotive, industrial, and medical applications.
Share of company sales generating positive impact: 60%
Research and development expenditure: 5%
Source: Extract from Carnot impact analysis
Industry, innovation and infrastructure Considerable Impact
Strategy
"The Melexis strategy is ... to step up our presence in hybridization and electrification applications... We are committed to work together with our global customer base to contribute to the solutions that will enable the best imaginable future, a future that is sustainable, safe, clean, comfortable and healthy." Strategy, Annual Report 2021
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: 35%
Research and development expenditure: 15%
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 Low Impact
Strategy
"Corporate strategy ... with a clear focus on the four business areas of trade, heat generation, service, air conditioning systems". The company's activities from planning and sales to optimization (service) contribute to reducing consumption.
Products
- Heat pumps with modulating motors
- Air-conditioning box systems with heat exchangers and modulating motors
- Online monitoring and optimization of air conditioning systems and heating systems
Share of company sales generating positive impact: 60%
Research and development expenditure: 3%
Other aspects & engagement
As the largest provider of HVAC solutions in Switzerland, Meier Tobler plays a key role in the energy refurbishment of the building stock
Engagement with majority shareholder for equal treatment of minority shareholders in share transaction. Engagement to expand of heat pump offering.
Source: Extract from Carnot impact analysis
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%
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: 3%
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: 3%
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 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: 2%
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
"We enable our companies, employees and customers to grow by collaborating on installations for the transition to a green society for the next generation." Vision in Roadmap to 2027
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
source: Sustainability Report)
Share of company sales generating positive impact: 70%
Research and development expenditure: 1%
(Innovation tends to take place at the supplier level, Instalco's contribution comes from a good quality implementation)
Other aspects & engagement
Considering that Instalco is a relatively small company in a conservative industry, the company does devote some resources to sustainability and attaches great importance to the topic.
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: 2%
(Innovation partly takes place in glass production)
Other aspects & engagement
- "Inwido hat sich zum Ziel gesetzt, dass in seinen Betrieben keine Unfälle auftreten."
- "Inwido strebt eine ausgewogene Verteilung der Geschlechter in der Konzernleitung und im Verwaltungsrat an."""
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: 57%
Research and development expenditure: 3%
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 the efficient use of natural resources in power supply.
- Technology for integrating renewable energies into the power supply system
- Products to increase energy efficiency in buildings
- Critical infrastructure resilience products.
Share of company sales generating positive impact: 30%
Research and development expenditure: 3%
Other aspects & engagement
Hubbell supports is a leader in lighting and heavily involved in the building automation and charging infrastructure for electric mobility and thus contributing to reducin greenhous gas emissions.
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." Sustainability Strategy 2030
"We are dedicated to continuous improvement ... with respect to our products and services by seeking, among other things, to reduce emissions..." Code of Conduct, p. 14
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: 677%
Research and development expenditure: 4%
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
"As an international, future-oriented energy and infrastructure service provider, we use the latest technologies and innovations to conserve our resources. We increase energy efficiency, reduce energy consumption and strengthen the resilience of habitats and infrastructures."
Products
- Infrastructure: construction of grid infrastructure for the future (electricity, water, transport and telecommunications), installation of energy-efficient lighting in public spaces, construction and operation of power plants (hydropower, wind power, PV, district heating).
- Building technology: installation of photovoltaic systems, heat pumps, electricity storage and charging stations, building automation
- Energy: intelligent energy procurement, smart energy management, energy consulting
Share of company sales generating positive impact: 70%
Research and development expenditure: 1%
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: 2%
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." Internetseite - Sustainability
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: 3%
Other aspects & engagement
"Schneider Electric has been named a global leader by CDP for its climate change actions for the 7th year in a row." Signatories to the SBTI for 1.5 degrees and Net-Zero
Source: Extract from Carnot impact analysis
Industry, innovation and infrastructure Substantial Impact
Strategy
"ANDRITZ's research and development activities focus on bringing products and technologies to market that protect the environment, minimize the use of energy and resources, and extend the life cycle of machines and plants." AR 2021, p. 55
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: 53%
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.
Suggestion for strategic expansion in the direction of waste separation and treatment, sewage sludge dewatering, etc.
Source: Extract from Carnot impact analysis
Industry, innovation and infrastructure 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." (Company Website)
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
(source: Sustainability Report)
Share of company sales generating positive impact: 65%
Research and development expenditure: 20%
(Part of AFRY's activity constitutes R&D expenses on the customer 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 goals. Our goal: to cut our carbon footprint in half."
"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: 4%
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
"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: 1%
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." (Mission Statement) 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: 3%
Other aspects & engagement
CO2 neutrality achieved in 2020 (scope 1 and 2). 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
"We aim to improve the environmental impact of … our customers operations by reducing their emissions, improving resource use and extending the lifespan of customer assets through our service focused business model."
Products
Turbocharger and maintenance services. Enable up to 10% fuel and fuel savings, up to 60% less NOx emissions.
Share of company sales generating positive impact: 100%
Research and development expenditure: 7%
Other aspects & engagement
Accelleron makes a harmful technology (internal combustion engines) cleaner. The technology is "best-in-class" in that it is not enabling.
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." (Company Website)
"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." (Sustainability report)
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: 3%
Other aspects & engagement
Call for more determined development towards electrified commercial vehicles with electric pumps, cooperations, acquisitions.
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: 40%
Research and development expenditure: 4%
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
"We promote the development and diffusion of environmentally friendly technologies". Code of Conduct
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%
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 Low Impact
Strategy
"Our growth strategy has three strategic focuses: driving our market and cost leadership in the core markets of humidity and flow, becoming market leader in the entire environmental market and developing technologies for long-term growth. ... Several megatrends support this growth strategy: improving energy efficiency and quality of life, increased digitalization and automation, and the growing urgency of environmental protection."
Products
- Temperature, humidity, CO2 sensors to improve air quality and control the ventilation system according to demand.
- ... for energy-efficient operation of car air conditioners and refrigerators.
- Leakage sensors for hydrogen applications
Share of company sales generating positive impact: 51%
Research and development expenditure: 16%
Source: Extract from Carnot impact analysis
Sustainable cities and communities Considerable Impact
Strategy
"In summary, Infineon’s corporate strategy and success are based, in terms of content, on four key aspects: 1. Infineon’s role as a major pioneer in the decarbonization and digitalization of our world, areas which offer huge growth potential..." AR 2022
Products
- Sensors and power semiconductors for electric cars
- Inverters for batteries and solar systems
- CO2 sensors for ventilation systems
- Power semiconductors for industrial motors
- Presence radars for lighting, heating, displays
Share of company sales generating positive impact: 58%
Research and development expenditure: 13%
Other aspects & engagement
Infineon rightly describes itself as one of the most sustainable semiconductor companies with very high targets. CO2 neutrality targeted by 2030.
Source: Extract from Carnot impact analysis
Sustainable cities and communities Substantial Impact
Strategy
Good corporate governance and the assumption of responsibility for social and ecological aspects are of central importance for Nemetschek. The group claims to increase efficiency and productivity along the entire WS chain in the construction industry through its own software solutions.
Products
- Sustainable design and construction up to a real circular economy requires consistent digitization.
- Nemetschek's software solutions enable a central way of working in the design, construction and management process of buildings (BIM).
- Visualizations and 3D modeling
Share of company sales generating positive impact: 90%
Research and development expenditure: 23%
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 Substantial Impact
Strategy
X-FAB’s mission is to contribute to the social, environmental, and economic development of the countries and regions where it conducts business.
Products
X-FAB is one of the world’s leading specialty foundry groups for analog/mixed-signal semiconductor technologies with a clear focus on automotive, industrial, and medical applications.
Share of company sales generating positive impact: 60%
Research and development expenditure: 5%
Source: Extract from Carnot impact analysis
Sustainable cities and communities Low Impact
Strategy
"The Melexis strategy is ... to step up our presence in hybridization and electrification applications... We are committed to work together with our global customer base to contribute to the solutions that will enable the best imaginable future, a future that is sustainable, safe, clean, comfortable and healthy." Strategy, Annual Report 2021
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: 35%
Research and development expenditure: 15%
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
"Corporate strategy ... with a clear focus on the four business areas of trade, heat generation, service, air conditioning systems". The company's activities from planning and sales to optimization (service) contribute to reducing consumption.
Products
- Heat pumps with modulating motors
- Air-conditioning box systems with heat exchangers and modulating motors
- Online monitoring and optimization of air conditioning systems and heating systems
Share of company sales generating positive impact: 60%
Research and development expenditure: 3%
Other aspects & engagement
As the largest provider of HVAC solutions in Switzerland, Meier Tobler plays a key role in the energy refurbishment of the building stock
Engagement with majority shareholder for equal treatment of minority shareholders in share transaction. Engagement to expand of heat pump offering.
Source: Extract from Carnot impact analysis
Sustainable cities and communities Low 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%
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: 3%
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 Low 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: 3%
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 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: 2%
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 Low Impact
Strategy
"We enable our companies, employees and customers to grow by collaborating on installations for the transition to a green society for the next generation." Vision in Roadmap to 2027
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
source: Sustainability Report)
Share of company sales generating positive impact: 70%
Research and development expenditure: 1%
(Innovation tends to take place at the supplier level, Instalco's contribution comes from a good quality implementation)
Other aspects & engagement
Considering that Instalco is a relatively small company in a conservative industry, the company does devote some resources to sustainability and attaches great importance to the topic.
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: 2%
(Innovation partly takes place in glass production)
Other aspects & engagement
- "Inwido hat sich zum Ziel gesetzt, dass in seinen Betrieben keine Unfälle auftreten."
- "Inwido strebt eine ausgewogene Verteilung der Geschlechter in der Konzernleitung und im Verwaltungsrat an."""
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: 57%
Research and development expenditure: 3%
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 the efficient use of natural resources in power supply.
- Technology for integrating renewable energies into the power supply system
- Products to increase energy efficiency in buildings
- Critical infrastructure resilience products.
Share of company sales generating positive impact: 30%
Research and development expenditure: 3%
Other aspects & engagement
Hubbell supports is a leader in lighting and heavily involved in the building automation and charging infrastructure for electric mobility and thus contributing to reducin greenhous gas emissions.
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." Sustainability Strategy 2030
"We are dedicated to continuous improvement ... with respect to our products and services by seeking, among other things, to reduce emissions..." Code of Conduct, p. 14
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: 677%
Research and development expenditure: 4%
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 Substantial Impact
Strategy
"As an international, future-oriented energy and infrastructure service provider, we use the latest technologies and innovations to conserve our resources. We increase energy efficiency, reduce energy consumption and strengthen the resilience of habitats and infrastructures."
Products
- Infrastructure: construction of grid infrastructure for the future (electricity, water, transport and telecommunications), installation of energy-efficient lighting in public spaces, construction and operation of power plants (hydropower, wind power, PV, district heating).
- Building technology: installation of photovoltaic systems, heat pumps, electricity storage and charging stations, building automation
- Energy: intelligent energy procurement, smart energy management, energy consulting
Share of company sales generating positive impact: 70%
Research and development expenditure: 1%
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: 2%
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." Internetseite - Sustainability
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: 3%
Other aspects & engagement
"Schneider Electric has been named a global leader by CDP for its climate change actions for the 7th year in a row." Signatories to the SBTI for 1.5 degrees and Net-Zero
Source: Extract from Carnot impact analysis
Sustainable cities and communities Low Impact
Strategy
"ANDRITZ's research and development activities focus on bringing products and technologies to market that protect the environment, minimize the use of energy and resources, and extend the life cycle of machines and plants." AR 2021, p. 55
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: 53%
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.
Suggestion for strategic expansion in the direction of waste separation and treatment, sewage sludge dewatering, etc.
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." (Company Website)
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
(source: Sustainability Report)
Share of company sales generating positive impact: 65%
Research and development expenditure: 20%
(Part of AFRY's activity constitutes R&D expenses on the customer 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 goals. Our goal: to cut our carbon footprint in half."
"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: 4%
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
"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: 1%
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 Low 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." (Mission Statement) 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: 3%
Other aspects & engagement
CO2 neutrality achieved in 2020 (scope 1 and 2). 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 Low Impact
Strategy
"We aim to improve the environmental impact of … our customers operations by reducing their emissions, improving resource use and extending the lifespan of customer assets through our service focused business model."
Products
Turbocharger and maintenance services. Enable up to 10% fuel and fuel savings, up to 60% less NOx emissions.
Share of company sales generating positive impact: 100%
Research and development expenditure: 7%
Other aspects & engagement
Accelleron makes a harmful technology (internal combustion engines) cleaner. The technology is "best-in-class" in that it is not enabling.
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." (Company Website)
"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." (Sustainability report)
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: 3%
Other aspects & engagement
Call 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
"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: 40%
Research and development expenditure: 4%
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
"We promote the development and diffusion of environmentally friendly technologies". Code of Conduct
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%
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 Substantial Impact
Strategy
"Our growth strategy has three strategic focuses: driving our market and cost leadership in the core markets of humidity and flow, becoming market leader in the entire environmental market and developing technologies for long-term growth. ... Several megatrends support this growth strategy: improving energy efficiency and quality of life, increased digitalization and automation, and the growing urgency of environmental protection."
Products
- Temperature, humidity, CO2 sensors to improve air quality and control the ventilation system according to demand.
- ... for energy-efficient operation of car air conditioners and refrigerators.
- Leakage sensors for hydrogen applications
Share of company sales generating positive impact: 51%
Research and development expenditure: 16%
Source: Extract from Carnot impact analysis
Climate Action Significant Impact
Strategy
"In summary, Infineon’s corporate strategy and success are based, in terms of content, on four key aspects: 1. Infineon’s role as a major pioneer in the decarbonization and digitalization of our world, areas which offer huge growth potential..." AR 2022
Products
- Sensors and power semiconductors for electric cars
- Inverters for batteries and solar systems
- CO2 sensors for ventilation systems
- Power semiconductors for industrial motors
- Presence radars for lighting, heating, displays
Share of company sales generating positive impact: 58%
Research and development expenditure: 13%
Other aspects & engagement
Infineon rightly describes itself as one of the most sustainable semiconductor companies with very high targets. CO2 neutrality targeted by 2030.
Source: Extract from Carnot impact analysis
Climate Action Low Impact
Strategy
Good corporate governance and the assumption of responsibility for social and ecological aspects are of central importance for Nemetschek. The group claims to increase efficiency and productivity along the entire WS chain in the construction industry through its own software solutions.
Products
- Sustainable design and construction up to a real circular economy requires consistent digitization.
- Nemetschek's software solutions enable a central way of working in the design, construction and management process of buildings (BIM).
- Visualizations and 3D modeling
Share of company sales generating positive impact: 90%
Research and development expenditure: 23%
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 Substantial Impact
Strategy
X-FAB’s mission is to contribute to the social, environmental, and economic development of the countries and regions where it conducts business.
Products
X-FAB is one of the world’s leading specialty foundry groups for analog/mixed-signal semiconductor technologies with a clear focus on automotive, industrial, and medical applications.
Share of company sales generating positive impact: 60%
Research and development expenditure: 5%
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 are committed to work together with our global customer base to contribute to the solutions that will enable the best imaginable future, a future that is sustainable, safe, clean, comfortable and healthy." Strategy, Annual Report 2021
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: 35%
Research and development expenditure: 15%
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 Significant Impact
Strategy
"Corporate strategy ... with a clear focus on the four business areas of trade, heat generation, service, air conditioning systems". The company's activities from planning and sales to optimization (service) contribute to reducing consumption.
Products
- Heat pumps with modulating motors
- Air-conditioning box systems with heat exchangers and modulating motors
- Online monitoring and optimization of air conditioning systems and heating systems
Share of company sales generating positive impact: 60%
Research and development expenditure: 3%
Other aspects & engagement
As the largest provider of HVAC solutions in Switzerland, Meier Tobler plays a key role in the energy refurbishment of the building stock
Engagement with majority shareholder for equal treatment of minority shareholders in share transaction. Engagement to expand of heat pump offering.
Source: Extract from Carnot impact analysis
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%
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: 3%
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: 3%
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 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: 2%
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
"We enable our companies, employees and customers to grow by collaborating on installations for the transition to a green society for the next generation." Vision in Roadmap to 2027
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
source: Sustainability Report)
Share of company sales generating positive impact: 70%
Research and development expenditure: 1%
(Innovation tends to take place at the supplier level, Instalco's contribution comes from a good quality implementation)
Other aspects & engagement
Considering that Instalco is a relatively small company in a conservative industry, the company does devote some resources to sustainability and attaches great importance to the topic.
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: 2%
(Innovation partly takes place in glass production)
Other aspects & engagement
- "Inwido hat sich zum Ziel gesetzt, dass in seinen Betrieben keine Unfälle auftreten."
- "Inwido strebt eine ausgewogene Verteilung der Geschlechter in der Konzernleitung und im Verwaltungsrat an."""
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: 57%
Research and development expenditure: 3%
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 the efficient use of natural resources in power supply.
- Technology for integrating renewable energies into the power supply system
- Products to increase energy efficiency in buildings
- Critical infrastructure resilience products.
Share of company sales generating positive impact: 30%
Research and development expenditure: 3%
Other aspects & engagement
Hubbell supports is a leader in lighting and heavily involved in the building automation and charging infrastructure for electric mobility and thus contributing to reducin greenhous gas emissions.
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." Sustainability Strategy 2030
"We are dedicated to continuous improvement ... with respect to our products and services by seeking, among other things, to reduce emissions..." Code of Conduct, p. 14
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: 677%
Research and development expenditure: 4%
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
"As an international, future-oriented energy and infrastructure service provider, we use the latest technologies and innovations to conserve our resources. We increase energy efficiency, reduce energy consumption and strengthen the resilience of habitats and infrastructures."
Products
- Infrastructure: construction of grid infrastructure for the future (electricity, water, transport and telecommunications), installation of energy-efficient lighting in public spaces, construction and operation of power plants (hydropower, wind power, PV, district heating).
- Building technology: installation of photovoltaic systems, heat pumps, electricity storage and charging stations, building automation
- Energy: intelligent energy procurement, smart energy management, energy consulting
Share of company sales generating positive impact: 70%
Research and development expenditure: 1%
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: 2%
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." Internetseite - Sustainability
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: 3%
Other aspects & engagement
"Schneider Electric has been named a global leader by CDP for its climate change actions for the 7th year in a row." Signatories to the SBTI for 1.5 degrees and Net-Zero
Source: Extract from Carnot impact analysis
Climate Action Substantial Impact
Strategy
"ANDRITZ's research and development activities focus on bringing products and technologies to market that protect the environment, minimize the use of energy and resources, and extend the life cycle of machines and plants." AR 2021, p. 55
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: 53%
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.
Suggestion for strategic expansion in the direction of waste separation and treatment, sewage sludge dewatering, etc.
Source: Extract from Carnot impact analysis
Climate Action 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." (Company Website)
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
(source: Sustainability Report)
Share of company sales generating positive impact: 65%
Research and development expenditure: 20%
(Part of AFRY's activity constitutes R&D expenses on the customer 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 goals. Our goal: to cut our carbon footprint in half."
"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: 4%
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 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: 1%
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." (Mission Statement) 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: 3%
Other aspects & engagement
CO2 neutrality achieved in 2020 (scope 1 and 2). 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
"We aim to improve the environmental impact of … our customers operations by reducing their emissions, improving resource use and extending the lifespan of customer assets through our service focused business model."
Products
Turbocharger and maintenance services. Enable up to 10% fuel and fuel savings, up to 60% less NOx emissions.
Share of company sales generating positive impact: 100%
Research and development expenditure: 7%
Other aspects & engagement
Accelleron makes a harmful technology (internal combustion engines) cleaner. The technology is "best-in-class" in that it is not enabling.
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." (Company Website)
"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." (Sustainability report)
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: 3%
Other aspects & engagement
Call for more determined development towards electrified commercial vehicles with electric pumps, cooperations, acquisitions.
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: 40%
Research and development expenditure: 4%
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
