Sustainability Strategy & Targets
Belimo has made it its mission to create healthier, and more comfortable indoor environments that reduce energy consumption. Its sustainability strategy and targets drive the Group towards a stronger realization of its purpose.
Climate change is a global challenge that affects everyone. Belimo is dedicated to helping limit global warming to below 1.5°C through its field devices, which play a vital role in reducing greenhouse gas (GHG) emissions from building HVAC systems. This commitment places Belimo’s comprehensive climate strategy at the core of its overall sustainability approach.
Belimo's climate strategy defines the principles and guidelines that the Group follows to minimize its environmental impact and support global efforts to mitigate climate change. It includes targets, actions, indicators and reporting mechanisms to measure and communicate its progress and performance on climate-related issues.
The climate strategy is built on three strategic elements:
Pillar A "Our" value chain impacts
Belimo annually discloses a comprehensive Scope 1-3 balance in accordance with the GHG Protocol:
In tCO2e | 2024 | 2023 restated1) | 2022 restated1) | |||
|---|---|---|---|---|---|---|
Scope 1 | 610 | 525 | 606 | |||
Scope 2 market-based | 1 720 | 1 735 | 1 721 | |||
Scope 3 | 624 660 | 572 148 | 694 204 |
1) With the extension of the reporting scope to all Production and Logistics/Customization sites in 2024, the previous year's figures have been restated accordingly.
In 2024, the Group has committed to achieving net-zero GHG emissions at the latest by 2050 with near- and long-term GHG emission reduction targets aligned with SBTi Net Zero Standard. Currently, Belimo is preparing for the validation and approval of the targets by SBTi.
Throughout 2024, Belimo has focused on developing its decarbonization pathways and modeling future emissions. The climate transition plan outlines emission reduction measures for the coming years such as reducing energy consumption during the product use-phase (with a focus on standby energy), actively engaging suppliers to reduce GHG emissions, sourcing lower carbon materials, and optimizing the transport network to further reduce shipping emissions while maintaining short lead times.
Find out more to the material topic in the corresponding section: Climate Change
Pillar B "Our" value chain benefits
Belimo communicates the benefits of its RetroFIT+ projects by calculating and presenting the annual energy, carbon and cost savings for selected Building Automation and Control Systems (BACS) projects.
The company is developing Type II Environmental Declarations (Manufacturer Self Declarations) and Type III Environmental Declarations (Environmental Product Declarations) to provide detailed information on the environmental aspects of its products.
Additionally, Belimo is further developing the existing approach to reporting on avoided emissions (Scope 4).
Find out more to the material topic in the corresponding section: Contribution to Energy Efficiency
Pillar C Beyond "our" value chain
Belimo is achieving a positive contribution to the environment and society beyond Belimo's core business by means of project support and financial support of the independent Belimo Climate Foundation (BCF). BCF realizes GHG emissions reduction through building optimization projects.
Belimo provides annual funding to the BCF based on its carbon footprint from Scope 1, Scope 2 and Scope 3 Category 6 (Business Travel) and an adjusted carbon price per ton CO2e (initially set at CHF 200 per ton CO2e).
Find out more about the BCF: Belimo Climate Foundation