Annual Report 2023

Introduction to Sustainability

At Belimo, we have made it our mission to create healthier, more comfortable indoor environments that consume less energy. Find out more on our impact on sustainability in this section of the report.

Heating, ventilation, and air-conditioning (HVAC) systems are designed to create comfort and a safe and healthy indoor environment. However, to accomplish this, these systems consume approximately 40% of all the energy used in buildings.

Building automation and control systems (BACS) not only optimize the parameters of indoor comfort but can also substantially reduce energy consumption. 

In this section you can find out more about our positive impact on sustainable development, our goals as well as our materiality map. 

Our Value-Creation Model

Our value-creation model is what enables us to deliver more value to customers than they expect, and more than others can offer.

The four pillars that ensure our customer’s success are credibility culture, customer value, solution leadership, and operational excellence.

Consistent implementation of these values enables success for Belimo, for its partners, and for society as a whole.

Credibility Culture

Credibility culture is at the heart of our value-creation model. Our culture is built on trust, integrity, competence, and responsibility. We support personal commitment, teamwork, cultural diversity, and the courage needed to take risks to inspire customers.

Customer Value (CESIM®)

We differentiate ourselves from our competitors through the high level of customer benefits our products and services provide. Added value for our customers is the measure for success.

Our customer-centric method for innovating building technology with damper actuators, control valves, sensors and meters, CESIM®, gives rise to unique products and services. It ensures that the aspects of Comfort, Energy Efficiency, Safety, Installation and Maintenance always remain the focus during product development.

Belimo is committed to customer-centric thinking and acting, and assures expert advice, high inventory availability, and reliable order processing. We work as a team with our customers, focusing on their success and understanding their wishes, needs, and challenges.

Solution Leadership

We see market-relevant innovation as one of the most important factors for our long-term success. The challenges of our customers and of new technology trends inspire us to develop groundbreaking solutions. We strive for market and technological leadership and invest in innovation, so that we can surprise the market with unique solutions.

We give full attention to heating, ventilation, and air-conditioning applications. We largely refrain from investing in material assets, while concentrating instead on developing our employees, products, markets, and quality standards. We diversify in depth, rather than breadth. 

Operational Excellence

Through operational excellence, we ensure the reliable delivery of top-quality products. Our priorities are always clear – quality first, timeliness second, and cost third.

We continuously improve our operational processes and utilize economies of scale. We learn from our mistakes and see them as an opportunity to drive excellence. All employees are therefore encouraged to introduce improvements at any time to ensure top performance in operations.

We ourselves do only what others cannot do better. This allows us to spend more time focusing on what we do best, which means systematically investing in our own skills. This empowers us to deliver more value to our customers.

Our Answers to Megatrends

The following five megatrends account for structural growth drivers in the Belimo core markets: energy efficiency, climate change, urbanization, safety in buildings, and digitization.

Energy Efficiency: Smart Controls

As buildings currently consume 40% of the world’s energy, with HVAC systems accounting in turn for 40% of that figure, smart control of HVAC systems has a significant impact on global energy efficiency.

According to EN ISO 52120-1:2022, smart building automation and controls systems (BACS) have a material impact on the energy efficiency of HVAC systems. They can save between 29% (Class C) and 55% (Class A) of energy consumption in comparison with systems without controls. Belimo field devices play a decisive role in achieving these savings. To calculate the energy savings they realize in applications, our field devices are used in different percentages in each class, resulting in a total weight savings of approximately 44%.

In most regions of the world, regulations increasingly support raising energy efficiency standards for HVAC equipment and encouraging energy-efficiency-driven building renovations. Here, Belimo field devices are making a difference.

Climate Change: Energy-Efficient HVAC Solutions

Climate change affects all of us. As our field devices help to reduce CO2 emissions from buildings’ HVAC systems, Belimo has a particularly strong commitment to helping limit global warming to less than 1.5° Celsius.

During the transition to a low-carbon economy, however, we will have to adjust to living on a warmer planet with more extreme heat. Already today, an estimated two thirds of the global energy consumption of HVAC systems is used for cooling applications and only one third for heating applications. A hotter global climate, in combination with continuously tighter building envelopes, means the shift of global energy demand from heating toward cooling will continue. Although better-insulated buildings lower the primary energy input, they also increase the need for ventilation, which is where Belimo field devices contribute to energy-efficient solutions.

Urbanization: Well-Being and Indoor Air Quality

As populations shift across the globe from rural to urban areas, more and more people are leading modern, urban lifestyles and are spending 90% of their time indoors. State-of-the-art building automation and reliable HVAC components are indispensable for satisfying increasing demands for pleasant room climates and healthy environments.

Safety in Buildings: Protecting Lives and Assets

Urbanization means more buildings on less land or smaller footprints with unusual designs, mixed use and increasing complexity. This poses new challenges for protecting lives and assets, making technical fire protection through motorized fire and smoke control dampers more important than ever before. At the same time, high-performance HVAC systems and proper humidification strategies are required to maintain a stable, safe, and healthy indoor air quality.

Digitization: Optimizing HVAC systems

Digitization in the building automation industry offers new powerful toolsets for analyzing and optimizing HVAC systems. The applications for smart performance devices are seemingly endless, whether they be in the form of data analytics, monitoring, predictive maintenance, ease of installation, or digital support during the commissioning and system integration phase.

Our Contribution to the SDGs

Belimo contributes directly to the UN‘s SDGs. By incorporating the UN Global Compact principles into strategies, policies, and procedures, Belimo upholds its primary responsibilities to humanity and to the planet itself, and sets the stage for the long-term success of our industry.

SDG Icon SDG 3: Good Health and Well-Being

Belimo contributes to SDG 3 “Good Health and Well-Being” by ensuring optimum indoor air quality and well-being in rooms. Its intelligent HVAC components control the major factors affecting room climate: temperature, humidity, air flow, CO2, and VOCs. High-performance HVAC systems and proper humidification strategies are required to maintain stable and healthy indoor air quality. For ensuring optimum conditions, Belimo sensors serve as a critical link between the HVAC system and the zones it serves.

SDG Icon SDG 7: Ensure access to affordable, reliable, sustainable, and modern energy for all

Buildings and their HVAC systems play a critical role in the doubling of the global rate of improvement in energy efficiency stipulated by SDG target 7.3. An estimated 30% of all energy used in buildings is lost due to insufficiently controlled systems. By providing smart HVAC-controls, Belimo makes an active contribution to SDG 7 “Ensure access to affordable, reliable, sustainable, and modern energy for all”.

SDG Icon SDG 8: Decent Work and Economic Growth

With its sustained economic growth and the continuous creation of new and attractive workplaces, Belimo contributes to SDG 8 “Decent Work and Economic Growth.” Other contributions include the empowerment of our employees, the fostering of their skills, and equal employment practices.

SDG Icon SDG 9: Industry, Innovation and Infrastructure

With respect to SDG 9 “Industry, Innovation and Infrastructure”, Belimo sets standards in HVAC damper actuator, control valve, sensor and meter technologies. While the majority of Belimo field devices drive the energy efficiency of buildings, it is its fire and smoke actuators that contribute to their resilience.

SDG Icon SDG 11: Sustainable Cities and Communities

By 2050, two thirds of all humanity – 6.5 billion people – will live in cities. The megatrend of urbanization actively drives the number of people living and working indoors and, with it, the necessity of intelligently controlled HVAC systems – namely, Belimo applications. Concerning SDG 11 “Sustainable Cities and Communities”, Belimo helps make cities more sustainable and safer by providing products such as the Belimo Energy Valve™ or a wide range of safety actuators for motorized fire dampers and smoke control dampers.

SDG Icon SDG 12: Responsible Consumption and Production

Belimo contributes to SDG 12 “Responsible Consumption and Production” by upholding sustainable procurement practices and localized sourcing, minimizing waste, and optimizing logistics through the modularization of its product ranges and by applying environmental management standards at its main production sites.

SDG Icon SDG 13: Climate Action

Buildings are responsible for 40% of worldwide energy consumption and for the climate changes caused by their CO2 emissions. Of this, another 40% is consumed by HVAC systems. The application of Belimo products saves energy in HVAC systems in buildings, thereby creating measurable sustainability benefits and significantly contributing to SDG 13 “Climate Action”.

Non-Financial Reporting in Accordance with the Swiss Code of Obligations

In accordance with Article 964a of the Swiss Code of Obligations (SCO), Swiss companies of public interest are legally required to report on environmental matters, CO2 goals, social issues, employee-related issues, respect for human rights, and the combating of corruption. The report contains the information required to understand the business performance, the business result, the state of the undertaking, and the effects of company activity on these non-financial matters.

On March 1, 2024, the Board of Directors of BELIMO Holding AG approved the present sustainability report on non-financial matters of the Belimo Group for release. The report is submitted to a vote of the shareholders of BELIMO Holding AG at the Annual General Meeting to be held on March 25, 2024.

The sustainability report on non-financial matters is structured into the sections Sustainability Goals, Materiality Overview, and GRI Disclosures.