Annual Report 2025

Performance

Environmental Topics

Climate Change

Management Approach

Belimo monitors its GHG emissions as part of its commitment to decarbonization. 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 SBTi Net-Zero Standard. After joining the SBTi in 2024, Belimo's near-term and net-zero emission reduction targets were reviewed and validated by the initiative in 2025.

Find out more about the Belimo Climate Strategy: Sustainability Strategy & Targets.

Scope 1 and 2 GHG Emissions

Data externally assured (limited assurance)

Market-based Scope 1 and Scope 2 emissions decreased to 1 956 tons of CO2e in 2025 compared to 2 327 tons of CO2e in the 2022 base year (decrease: -16%). This reduction in market-based Scope 1 and 2 emissions is mainly due to the switch to renewable electricity contracts and the expansion of photovoltaic installations at major Production and Logistics/Customization sites. Natural gas consumption in the Americas remains the most significant and carbon-intensive source of Scope 1 emissions, and the Group is actively working to reduce it. A continued focus on maximizing renewable energy across own operations, along with various energy-saving initiatives and the promotion of electric vehicles for company cars, is the primary driver for reducing Scope 1 and 2 emissions over the next few years.

Scope 1 and 2 GHG Emissions by
Source
Scope 1 and 2 GHG Emissions by
Region

2025

2024

GHG Emission by Source, in tCO2e (Scope 1 and 2)

EMEA

Americas

Asia Pacific

Total

Share

EMEA

Americas

Asia Pacific

Total

Share

Natural gas

36

374

-

410

21%

35

410

-

445

19%

Diesel for generators

-

3

9

12

1%

-

20

7

26

1%

Diesel for firm-owned vehicles

10

98

12

120

6%

4

125

9

138

6%

Total Scope 1

46

476

21

542

28%

39

555

15

610

26%

Electricity, location-based

319

1 292

792

2 403

277

1 228

599

2 104

Electricity, market-based

265

65

377

708

36%

216

764

599

1 579

68%

District heating

-

-

270

270

14%

-

-

43

43

2%

District cooling

-

-

436

436

22%

-

-

98

98

4%

Total Scope 2 location-based

319

1 292

1 498

3 109

277

1 228

740

2 244

Total Scope 2 market-based

265

65

1 083

1 414

72%

216

764

740

1 720

74%

Total Scope 1 and 2 (location-based)

365

1 767

1 519

3 651

316

1 783

755

2 854

Total Scope 1 and 2 (market-based)

311

541

1 104

1 956

100%

256

1 318

755

2 329

100%

The accounting methodology for Scope 1 and 2 emissions follows the operational control approach. The indicators are reported in tCO₂e, ensuring that all relevant gases are included. For reasons of representativeness, the base year 2022 was selected for the monitoring of Scope 1 and 2 emissions. Furthermore, the methodology ensures that up-to-date emission factors (EFs) from recognized international sources are used. More information on the EFs applied for Scope 1 and 2 emissions can be found in the Sustainability Notes.

Scope 1 and 2 GHG Emissions Intensity

In 2025, the Scope 1 and 2 emissions intensity per product sold decreased to 0.18 kilograms of CO2e compared to 0.23 kilograms of CO2e in 2024.

Scope 1 and 2 Emission Intensity

GHG Emissions Intensity in kgCO2e (Scope 1 and 2)

2025

2024

GHG emissions intensity per CHF 1 000 Group net sales

1.75

2.47

GHG emissions intensity per product sold

0.18

0.23

Scope 3 GHG Emissions

Data externally assured (limited assurance)

Belimo's GHG balance includes all relevant Scope 3 emissions across its entire value chain. This encompasses purchased goods and services, transportation and distribution, operational waste, 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 improves the quality and completeness of its Scope 3 emission data to better identify emission hotspots and key levers for emission reduction.

In 2025, Scope 3 emissions accounted for 99.7% (2024: 99.6%) of Belimo’s total GHG emissions, mainly driven by Category 11 (use of sold products) at 77% (2024: 80%) and Category 1 (purchased goods and services) at 19% (2024: 16%) of total Scope 3 emissions.

In the reporting period, Belimo's Category 1 and Category 11 emissions per product sold amounted to 57 kilograms of CO2e (2024: 61 kilograms of CO2e), representing a decrease of 14% compared to the base year 2022. This is mainly due to a decrease in Category 11 because of an increase in product sales and a decrease in emissions from product energy consumption. To achieve its Scope 3 emission intensity targets, Belimo is continuously working to reduce value chain emissions, focusing on procurement of materials and product use-phase performance. The focus is on further reducing the standby power of Belimo field devices.

Scope 3 in tCO2e

2025

2024

Category 1: Purchased goods and services

122 406

100 721

Category 2: Capital goods

-

-

Category 3: Fuel- and energy-related activities (not included in scope 1 or scope 2)

-

-

Category 4: Upstream transportation and distribution

17 268

12 297

Category 5: Waste generated in operations

315

196

Category 6: Business travel

4 730

3 513

Category 7: Employee commuting

1 675

1 468

Category 8: Upstream leased assets

-

-

Category 9: Downstream transportation and distribution1)

-

-

Category 10: Processing of sold products

-

-

Category 11: Use of sold products

508 916

501 899

Category 12: End-of-life treatment of sold products

4 896

4 565

Category 13: Downstream leased assets

-

-

Category 14: Franchises

-

-

Category 15: Investments

-

-

Total Scope 3 emissions2)

660 206

624 660

1) Transportation of 2024 is now listed in category 4.

2) Limited assurance was only conducted for categories 1 and 11.

The accounting methodology for Scope 3 emissions follows the operational control approach. The indicators are reported in tCO₂e, ensuring that all relevant gases are included. For reasons of representativeness, the base year 2022 was selected for the monitoring of Scope 3 emissions. Furthermore, the methodology ensures that up-to-date emission factors (EFs) from recognized international sources are used. More information on the EFs and calculation methodology applied for Scope 3 emissions (incl. reasoning for exclusion of categories) can be found in the Sustainability Notes.