Annual Report 2024

Energy Management

Management Approach

Although Belimo's production is not considered energy-intensive, managing energy use within its operations is a key controllable factor in reducing the Group's environmental footprint. Belimo is dedicated to improving the energy efficiency of its manufacturing operations, processes and buildings, thereby reducing its energy intensity per product sold.

Since 2019, Belimo has reported on energy consumption data at its headquarters in Hinwil (Switzerland) and Danbury (USA). In 2024, this reporting scope was extended to include all Production and Logistics/Customization entities, ensuring that Belimo would account for at least 95% of its operational resource consumption. Energy consumption by subsidiaries is considered negligible and is therefore excluded from the consolidated figures.

Belimo relies on its building management system to monitor, display, and collect data from its Production and Logistics/Customization sites. This system ensures efficient management of its premises and provides transparency regarding the use of various energy sources. Collecting this data lays the foundation for implementing customized, location-specific energy saving measures.

Belimo strives to continuously optimize energy consumption in production, guided by lean management principles. This includes ongoing analysis of energy usage across its production sites. To achieve further reductions, Belimo identifies and continues to drive technical and behavioral energy-saving measures:

• Technical measures include upgrading or replacing HVAC systems to more energy-efficient solutions at manufacturing sites, transitioning to modern LED lights, and installing electricity meters to pinpoint areas where additional savings could be achieved.

• Behavioral measures include raising internal awareness through communication campaigns to highlight the contribution that each employee can make to reducing Belimo's overall energy consumption.

In addition to reducing energy consumption, especially non-renewable sources, Belimo is transitioning to renewable energy. The Company is increasing the proportion of purchased renewable electricity and expanding in-house electricity production through photovoltaic installations.

Energy Consumption in Own Operations

In 2024, Belimo consumed 13 800 megawatt hours (MWh) of energy, reflecting an increase of 10% compared to previous year. Primary energy conversion accounts for 23% of Belimo's total energy consumption, which includes natural gas (18%), diesel for company-owned vehicles (4%), and diesel for emergency generators (1%). Electricity and district heating/cooling account for 69% and 8% of energy consumption respectively.

Renewable Energy Share

As part of its climate transition plan, Belimo aims to raise the share of renewable energy. In 2024, the trend towards adopting renewable energy sources remained stable reaching 41% of total energy consumption (2023: 41%). Focusing on electricity alone, Belimo achieved a share of 59% renewable electricity in 2024 (2023: 59%).

Photovoltaic installations (PV) at Belimo's Production and Logistics/Customization facilities contributed 10% or 1 335 MWh, to total energy consumption.

Energy Intensity

In 2024, the energy intensity of Belimo's operations per CHF 1 000 group net sales was 14.62 kWh, representing a decrease of 1.1% compared to the prior reporting period.

The company is committed to improving the energy efficiency of its manufacturing operations, processes and buildings, and thus its energy intensity per product sold. In 2024, the energy intensity of Belimo's operations per product sold was 1.39 kWh, an increase of 4.7% compared to the prior reporting period.