DGAP-News

Blue Cap AG sets a clear climate target and publishes its first sustainability report

DGAP-News: Blue Cap AG / Key word(s): Sustainability Blue Cap AG sets a clear climate target and publishes its first sustainability report 24.05.2022 / 07:11 The issuer is solely responsible for the content of this announcement. Climate target: Reduction of CO2 equivalent by 36% by 2030 and by 58% by 2035 as compared to 2021 Focus on climate protection in business year 2022 2021 sustainability report in accordance with the German Sustainability Code (DNK) Munich, 24 May 2022 – Following the guiding principle “Make Things Better”, Blue Cap AG published its first sustainability report. The report presents in detail the holding company's key sustainability topics, outlines the ESG targets and provides an outlook on further ambitions.

In 2020, the Blue Cap Group had already defined ecology, climate protection, employees, product portfolio and value creation as top priorities for its sustainability initiative. In 2021, the ESG performance of the holding and its portfolio companies was measured for the first time using a comprehensive matrix of performance indicators. For these measurements, the GRI SRS set of criteria of the German Sustainability Code was applied. The data collected also served as the starting point for the climate protection target of Blue Cap AG in reducing the CO₂ equivalents on affiliate level by 36% by 2030 and 58% by 2035.

Ulrich Blessing, COO and board member responsible for sustainability: “Within the Blue Cap Group, we assume ecological and social responsibility. During the past year, we put a lot of work into our sustainability strategy, firmly anchoring it in our business model. The publication of our first sustainability report, which exceeds the regulatory obligations by far, is a milestone in terms of transparency with regard to the associated activities.”

Sustainable further development of the portfolio

Sustainability topics affect Blue Cap in particular because of the potential effects on and of their portfolio companies, the majority of which come from the manufacturing industry. Accordingly, the operational activities of the affiliates have the greatest effect on environment and society. This is why sustainability activities focus on conserving resources, increasing efficiency and developing eco-friendly products.