Only two months after being recognized as one of the ten most sustainably managed companies worldwide by the Wall Street Journal, GF received another accolade for its sustainability management - this time specifically for its carbon footprint. In December, the London-based CDP awarded GF with an A- rating (Leadership level) for its worldwide-implemented measures to reduce energy consumption, as well for its transparent disclosure of greenhouse gas emissions. GF also scored higher than the European and the Powered Machinery sector averages.
The CDP 2020 reporting cycle covers activities from 2019.
Savings of around 3'000 tons CO2e
Environmental management is a core pillar of GF's sustainability program. During 2019, the company implemented about 30 measures worldwide to reduce greenhouse gas emissions. Here are some examples:
- GF Piping Systems in Traisen (Austria) reduced gas consumption through re-use of heat
- GF Casting Solutions in Kunshan (China) reduced electricity consumption thanks to processes that allowed a hydraulic pump to be switched off
- GF Machining Solutions in Biel (Switzerland) implemented energy efficient building management
Overall, all implemented measures at GF locations worldwide contributed to savings of around 3'000 tons of CO2e during 2019.
Sustainability is a tradition at GF
Since 2005, GF publishes an annual Sustainability Report. In addition, the company reports every year to an external organization– CDP (formerly known as the Carbon Disclosure Project). The non-profit organization manages the biggest and most commonly used database on carbon emissions and water consumption. They collect information on the consumption of energy and water and on strategic actions taken by the companies to reduce their CO2e and water footprint, among other data. The data is then used by third parties, such as investors or customers to assess GF's sustainability performance.
In the GF Sustainability Report 2019 on the GF website and in the current GF Investor Presentation you can find:
- success stories from the three GF Divisions
- further information on GF's sustainability agenda, such as an overview of how the GF Divisions are contributing to the United Nations Sustainable Development Goals