Annual Report 2024

Sustainability Reporting Standards

GRI Content Index

Belimo has reported in accordance with the GRI Standards for the period January 1, 2024 to December 31, 2024. The Group applied the reporting principles specified in GRI 1: Foundation 2021. The Company complies with the reporting requirements of the GRI 2: General Disclosures 2021 and GRI 3: Material Topics 2021. There is no applicable GRI Sector Standard.

GRI Standards

Disclosure

Omission

General Disclosures

GRI 2: General Disclosures 2021

2-1 Organizational details

2-2 Entities included in the organization's sustainability reporting

2-3 Reporting period, frequency, and contact point

2-4 Restatement of information

2-5 External assurance

2-6 Activities, value chain, and other business relationships

2-7 Employees

2-8 Workers who are not employees

2-9 Governance structure and composition

2-10 Nomination and selection of the highest governance body

2-11 Chair of the highest governance body

2-12 Role of the highest governance body in overseeing the management of impacts

2-13 Delegation of responsibility for managing impacts

2-14 Role of the highest governance body in sustainability reporting

2-15 Conflicts of interest

2-16 Communication of critical concerns

2-17 Collective knowledge of the highest governance body

2-18 Evaluation of the performance of the highest governance body

2-19 Remuneration policies

2-20 Process to determine remuneration

2-21 Annual total compensation ratio

2-22 Statement on sustainable development strategy

2-23 Policy commitments

2-24 Embedding policy commitments

2-25 Process to remediate negative impacts

2-26 Mechanisms for seeking advice and raising concerns

2-27 Compliance with laws and regulations

2-28 Membership associations

2-29 Approach to stakeholder engagement

2-30 Collective bargaining agreements

GRI Standards

Disclosure

Omission

Material Topics

GRI 3: Material Topics 2021

3-1 Process to determine material topics

3-2 List of material topics

Climate Change

GRI 3: Material Topics 2021

3-3 Management of material topics

GRI 305: Emissions 2016

305-1 Direct (Scope 1) GHG emissions

305-2 Energy indirect (Scope 2) GHG emissions

305-3 Other indirect (Scope 3) GHG emissions

305-4 GHG emissions intensity

305-5 Reduction of GHG emissions

Energy Management

GRI 3: Material Topics 2021

3-3 Management of material topics

GRI 302: Energy 2016

302-1 Energy consumption within the organization

302-3 Energy intensity

302-4 Reduction of energy consumption

Contribution to Energy Efficiency

GRI 3: Material Topics 2021

3-3 Management of material topics

Environmental Footprint of Supply Chain & Traceability

GRI 3: Material Topics 2021

3-3 Management of material topics

GRI 308: Supplier Environmental Assessment 2016

308-2 Negative environmental impacts in the supply chain and actions taken

Circular Economy

GRI 3: Material Topics 2021

3-3 Management of material topics

GRI 301: Materials 2016

301-1 Materials used by weight or volume

GRI 306: Waste 2020

306-1 Waste generation and significant waste-related impacts

306-2 Management of significant waste-related impacts

306-3 Waste generated

306-4 Waste diverted from disposal

306-5 Waste directed to disposal

GRI 303: Water and Effluents 2018

303-1 Interactions with water as a shared resource

303-2 Management of water discharge-related impacts

303-3 Water withdrawal

303-4 Water discharge

303-5 Water consumption

Our Employees

GRI 3: Material Topics 2021

3-3 Management of material topics

GRI 405: Diversity and Equal Opportunity 2016

405-1 Diversity of governance bodies and employees

405-2 Ratio of basic salary and remuneration of women to men

GRI 406: Non-discrimination 2016

406-1 Incidents of discrimination and corrective actions taken

GRI Standards

Disclosure

Omission

Occupational Health and Safety

GRI 3: Material Topics 2021

3-3 Management of material topics

GRI 403: Occupational Health and Safety 2018

403-1 Occupational health and safety management system

403-2 Hazard identification, risk assessment, and incident investigation

403-4 Worker participation, consultation, and communication on occupational health and safety

403-5 Worker training on occupational health and safety

403-9 Work-related injuries

Talent Attraction, Development & Retention

GRI 3: Material Topics 2021

3-3 Management of material topics

GRI 401: Employment 2016

401-1 New employees and employee turnover

GRI 404: Training and Education 2016

404-1 Average hours of training per year per employee

404-2 Programs for upgrading employee skills and transition assistance programs

404-3 Percentage of employees receiving regular performance and career development reviews

Social Responsibility & Human Rights in the Supply Chain

GRI 3: Material Topics 2021

3-3 Management of material topics

GRI 408: Child Labor 2016

408-1 Operations and suppliers at significant risk for incidents of child labor

GRI 414: Supplier Social Assessment 2016

414-2 Negative social impacts in the supply chain and actions taken

Occupants' Health, Safety & Wellbeing

GRI 3: Material Topics 2021

3-3 Management of material topics

Data Privacy & Cybersecurity

GRI 3: Material Topics 2021

3-3 Management of material topics

GRI 418: Customer Privacy 2016

418-1 Substantiated complaints concerning breaches of customer privacy and losses of customer data

Digitalization

GRI 3: Material Topics 2021

3-3 Management of material topics

Innovation & Solution Leadership

GRI 3: Material Topics 2021

3-3 Management of material topics

Product Quality Safety & Compliance

GRI 3: Material Topics 2021

3-3 Management of material topics

GRI 416: Customer Health and Safety 2016

416-1 Assessment of the health and safety impacts of product and service categories

416-2 Incidents of non-compliance concerning the health and safety impacts of products and services