Annual Report 2024

Sustainability Ratings & Contributions

Our Sustainability Ratings

Independent ESG ratings help drive Belimo’s sustainable development by supporting the identification of potential risks and opportunities and defining appropriate corrective measures. Additionally, they provide stakeholders with an objective view of Belimo’s internal operations and value chain practices. The Company's efforts in sustainability have resulted in strong performance in key ESG ratings.

EcoVadis ESG Rating

Belimo is rated annually by EcoVadis based on a comprehensive questionnaire covering ESG issues. The EcoVadis ESG rating assesses companies on criteria related to the environment, labor and human rights, ethics, and sustainable procurement. Since 2024, Belimo requires its suppliers to obtain an EcoVadis ESG rating to ensure that ESG risks are managed throughout the entire procurement process. During the reporting period, Belimo was once again awarded the EcoVadis Silver Medal, but has significantly improved its score in the areas of environment and sustainable procurement.

EcoVadis ESG Score: 69/100
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MSCI ESG Rating

The goal of the MSCI ESG Rating is to identify industry leaders and laggards based on companies' exposure to ESG risks and their management of these financially relevant risks and opportunities.

Belimo received an industry leader rating of AAA in the latest MSCI ESG Rating (November 2024).

Our Contribution to the UN Sustainable Development Goals

Belimo supports the UN Sustainable Development Goals (SDGs). Through its business activities and the products and solutions it offers, Belimo actively contributes to achieving these goals.

SDG IconSDG 3: Good Health and Well-Being

Belimo contributes to SDG 3 “Good Health and Well-Being” by ensuring optimum indoor air quality and wellbeing in rooms. Its intelligent HVAC components control the major factors affecting room climate: temperature, humidity, air flow, CO2, and volatile organic compounds (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 IconSDG 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 IconSDG 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 IconSDG 9: Industry, Innovation and Infrastructure

With respect to SDG 9 “Industry, Innovation and Infrastructure”, Belimo sets standards in HVAC damper actuator, control valve, and 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 IconSDG 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 IconSDG 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 IconSDG 13: Climate Action

Buildings are responsible for 40% of worldwide energy consumption and for the climate changes caused by their greennhouse gas 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”.