Sustainability Report 2023 published – Feintool receives strong ESG rating
30 Abril 2024 - 11:30PM
UK Regulatory
Sustainability Report 2023 published – Feintool receives
strong ESG rating
Feintool plays a shaping role in the transition to the
low-carbon economy. The Group supports systematic development of
young talent and leadership, develops innovative products to
advance the green energy mega-trend, and works to reduce its
internal ecological footprint. The latest Sustainability Report,
covering financial year 2023, details the related initiatives.
Furthermore, an ESG assessment performed by Morningstar
Sustainalytics yielded the favorable result of “Low
Risk.”
Feintool is an international technology and market leader in
electrolamination stamping, fineblanking, and forming. We supply
the automotive industry as well as high-end industrial
manufacturers. Our portfolio includes precision parts for rotors
and stators in electric vehicles and wind turbines.
Feintool once again proved its innovative aptitude in 2023 by
increasing its share of sales related to carbon-friendly
applications to above 60 percent. Fostering sustainable growth
without neglecting established markets is also reflected in the
fortification of Feintool’s governance policy. Dr. Marcus Bollig is
newly responsible for sustainability on the Board of Directors.
Additionally, an ESG component will be incorporated into management
remuneration starting this year. In line with new legally mandated
due diligence obligations, Feintool assessed the potential social
and ecological risks in the upstream and downstream value chains
for steel in 2023. Steel is by far the most important material, or
primary product, for the parts business of the Feintool Group. This
raw material is therefore the risk assessment’s predominant
factor.
Environmental action at Feintool includes the company’s
self-imposed goal of halving greenhouse gas emissions stemming from
internal operations (Scopes 1 and 2) by 2030. In 2023, the
Group reduced carbon emissions by 23 percent compared with the
benchmark year of 2019. Targeted measures on all three continents
and the procurement of additional green power in Japan made strides
toward this goal in the reporting year. These actions reduced
annual energy consumption by around 4 700 MWh and carbon
emissions by 1 400 tCO2e. The proportion of electricity
procured from renewable energy sources is now 40 percent.
Analysis of greenhouse gas emissions along the supply chains
(Scope 3), particularly for steel, is not yet complete.
Contributing to the circular economy
Feintool achieved remarkable results in recycling in 2023. One
hundred percent of metal production waste and more than
90 percent of hazardous waste were recycled. This is an
excellent result bearing in mind the complexity of our waste
streams. Each type of waste requires its own specific recycling
method. Comprehensive waste management practices at Feintool have
led to a very high recycling rate of 99 percent.
Much activity surrounding employee affairs occurred in 2023. For
example, the FEINtalent development program successfully concluded
its first year. Feintool also established a new professional
development program for managers. The reporting year furthermore
saw the launch of the “Details matter. I matter.” campaign, which
spotlights the strengths of each individual employee.
Please find the full Feintool Sustainability Report 2023 on
the website https://www.feintool.com/company/sustainability/.
It is in line with the current international standards of the
Global Reporting Initiative (GRI).
About Feintool
Feintool is an international technology and market leader in
electrolamination stamping, fineblanking, and forming. We
manufacture high-quality precision parts in large volumes from
steel. We supply the automotive industry, energy infrastructure
equipment providers, and all manner of high-end industrial
manufacturers. Feintool's products perfectly complement the
megatrends for green energy generation, storage, and
usage.
Our core technologies deliver measurable cost-efficiency,
consistent quality, and improved productivity. Feintool constantly
expands the horizons of its production methods and develops
intelligent solutions, innovative tools, and state-of-the-art
manufacturing processes in line with customer needs.
Founded in 1959 and headquartered in Switzerland, the company
has 17 production sites, 3,200 employees and over 100 vocational
trainees in Europe, the USA, China, Japan and – as of 2025 – India.
In 2023, turnover amounted to 848 million Swiss francs. Feintool is
publicly listed and majority-owned by the Artemis Group.
Feintool International Holding AG
Industriering 8
3250 Lyss
Schweiz
Media spokesperson
Karin Labhart
Phone +41 32 387 51 57
Mobile +41 79 609 22 02
karin.labhart@feintool.com
www.feintool.com
The press release can be downloaded from the following link:
Press Release (PDF)
Feintool (LSE:0QLM)
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De Nov 2024 a Dic 2024
Feintool (LSE:0QLM)
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