Sustainability Performance

Environmental Topics

Climate Change

Management Approach

Belimo monitors its GHG emissions as part of its commitment to climate change mitigation. The Group's GHG emissions accounting (Scope 1, 2, and 3) follows a reporting process and calculation methodology aligned with the GHG Protocol.

A climate transition plan and decarbonization trajectory have been developed in line with the Net-Zero Standard published by the Science Based Target initiative (SBTi). In 2024, Belimo has committed to the SBTi and its near-term and net-zero (long-term) targets are under review by SBTi for validation and approval. Please find here the external communication and press release on our SBTi commitment: Press release on SBTi Commitment - Driving Sustainability Forward

Our Belimo Climate Strategy is described in more detail in section Sustainability Strategy & Targets.

Scope 1 and 2 GHG Emissions

Since 2019, Belimo has been calculating and reducing its Scope 1 and 2 emissions at its headquarters in Hinwil and Danbury. In 2024, the Group extended its Scope 1 and 2 emissions reporting scope to include all Production (P) and Logistic/Customization (L/C) entities.

Scope 1 and Scope 2 market-based emissions remain stable at 2 329 tons of CO₂e in 2024 compared to 2 327 tons of CO₂e in base year 2022 (increase: 0.1%). The most material and carbon-intensive source of Scope 1 emissions at Belimo is the consumption of natural gas. The Company is actively working to reduce this consumption. A continued focus on maximizing the use of renewable energy in its operations and various energy saving initiatives are the main drivers for reducing Scope 1 and 2 emissions over the next few years.

Scope 1 and 2 GHG Emissions Intensity

In 2024, the Scope 1 and 2 emissions intensity per product sold decreased slightly to 0.23 kilograms of CO₂e compared to 0.24 kilograms of CO₂e in 2023.

Scope 3 GHG Emissions

Belimo's GHG balance includes all relevant Scope 3 emissions across the entire value chain. This encompasses purchased goods and services, upstream and downstream transportation and distribution, waste in operations, business travel, employee commuting, and the use-phase and end-of life of sold products. All calculations of the Scope 3 categories comply with the requirements of the GHG Protocol. Belimo continuously reviews and enhances the quality and completeness of its Scope 3 emission data, aiming to gain an accurate picture of emission hotspots and identify key levers for effectively reducing these emissions.

Further details on Scope 3 emission calculation and accounting can be found in the Belimo GHG Accounting Methodology. For upstream and downstream transportation and distribution, Belimo follows the Global Logistics Emission Council (GLEC) framework.

Scope 3 emissions of Belimo account for 99.6% of the total company GHG emissions. This is mainly driven by Scope 3 Category 11 use of products sold (80%) and Category 1 purchased goods and services (16%).

In 2024, Belimo's Scope 3 Category 1 and Category 11 emissions per product sold are 61 kilograms of CO₂e. This equals a decrease by 8% compared to base year 2022. This is mainly due to a decrease in Category 11 as a result of an increase in product sales and a decrease in product emissions from energy consumption. To achieve its Scope 3 emission intensity targets, Belimo is continuously working to reduce the emissions of its value chain, focusing on the emissions from procurement of materials and product use-phase.