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Frequentis, which is listed on the Vienna and Frankfurt stock exchanges, has set out details of the ecological targets for its ESG (environment / social / governance) strategy with precisely defined time frames.
Climate-neutral by 2040
20% reduction in electricity consumption by 2030
20% reduction in water consumption by 2030
As part of its sustainability strategy, Frequentis is committed to the goal of driving forward environmental protection along the entire value chain. The company constantly strives to sustainably reduce resource consumption and the use of hazardous raw materials in production. Over the years, it has stepped up its efforts to examine the recyclability of production materials. In the use of energy, Frequentis has made considerable progress in continuously reducing electricity consumption, for example, through freecooling, substitute water pumps, and solar installations.
“We use a wide range of measures to support the long-term strategic vision of a climate-neutral economy. An implementation plan helps us check that planned energy management activities are implemented coherently. In our Non-Financial Report, we outline the progress made in each calendar year,” says Peter Skerlan, CFO of Frequentis, who is also the Executive Board member responsible for planning and implementing ESG measures.
The latest rating of Frequentis’ sustainability performance by the internationally recognised rating agency EcoVadis is evidence that it is moving in the right direction. Having been awarded bronze in 2021, Frequentis is pleased to report that it was awarded the silver medal in 2022. That positions it among the top 25% of the companies rated.
A powerful ESG organisation brings together established concepts, develops new ones, and drives forward the rollout. In this context, Frequentis has set out a concrete timetable to achieve three targets within specific time frames.
Frequentis Group to be climate-neutral by 2040. Energy consumption is to be reduced steadily in many areas. The focus here includes electricity consumption, savings in transport and on business travel, and waste management. All three emissions scopes are being addressed. For Scope 1, the consumption of electricity and natural gas attributable to all operating activities, the company is currently developing a concept to enhance its ability to analyse building services. For Scope 2 (emissions attributable to the generation of purchased energy), Frequentis is focusing on renewable energies. For Scope 3, i.e., emissions that are caused by the company’s operations but that are beyond its direct control, Frequentis is focusing on sustainability in its supply chains and on reducing emissions on business trips.
20% reduction in electricity consumption by 2030. Frequentis is continuously refining its energy management system in order to achieve this target (reference base: 2019). An energy efficiency project at the company’s headquarters in Vienna is examining how to enhance its ability to analyse building services. Depending on the results of this project, Frequentis aims to achieve ISO 50001 validation by 2025.
20% reduction in water consumption by 2030. To achieve this target (reference base: 2019), water is no longer used in production processes in the Frequentis Group, but only in irrigation and air humidification as well as in sanitary facilities and kitchens. As a further step, the company is examining the use of rainwater.
In all, Frequentis considers that the various approaches put it on track to achieve its long-term environmental targets, which relate to CO2 emissions, water, energy, waste, and the supply chain.
