Enabling transformation

Feintool publishes sustainability report

Feintool has published its first sustainability report for the year 2019. The report transparently communicates the company’s long-standing achievements in the areas of economics, environment, and social affairs and makes it possible to compare them with other organizations around the globe. The company’s aim is to conserve natural resources, offer healthy and fair working conditions, and operate cost-effectively with sustainable products in order to achieve long-term market success.

Knut Zimmer, CEO of the Feintool Group, explained: “We’re aware of the fact that we not only have a responsibility to achieve business success, but also to the environment and society. Challenges such as climate change or the coronavirus pandemic show that sustainable solutions are required both in business and society. We are actively contributing to this transformation. We want to play an instrumental role in shaping the efficient and sustainable transportation systems of tomorrow.” As such, the Feintool Group’s executive board views its sustainability reporting as part of an ongoing improvement process and is carrying it out in accordance with the leading international Global Reporting Initiative (GRI) standard.

The Holding introduced environmental and energy management based on the international ISO 14001 standard many years ago, which applies to all of the company’s production facilities. At more than 86 percent, electricity consumption was the largest source of greenhouse gas emissions at Feintool, followed by the consumption of combustibles, fuels, and district heating. By systematically reducing its energy consumption, the company was able to cut greenhouse gas emissions by almost 540 tons of CO₂ equivalent (tCO₂e) in 2019. Regarding the waste management, Feintool achieved a recycling rate of 98 percent. The group recycles 100 percent of its metal waste, which accounts for the lion’s share of the production waste, as well as waste paper and cardboard. To make these key figures more meaningful, the next step will be to define targets. “Our objective for sustainability reporting is to specifically support us fine-tune our strategy and further enhance our management systems uniformly throughout the group,” said Knut Zimmer.