Annual Report 2025

Occupational Health, Safety & Wellbeing

Management Approach

Employee safety is a core element of Belimo's corporate culture, rooted in trust, integrity, competence, and responsibility. Belimo nurtures a culture where everyone takes ownership of creating a safe and healthy work environment. This approach not only safeguards employees from accidents and injuries but also enhances wellbeing and morale. Furthermore, a safe workplace contributes to the Group’s long-term success and sustainability.

To improve its safety culture and enhance the wellbeing of its employees, Belimo has decided to implement an ISO 45001 Management System on a group level. The integration of ISO 45001 into its current ISO 9001 and ISO 14001 Management System will mean that Belimo will build a robust framework for hazard identification, risk assessment, and control measures, as well as promoting employee involvement and compliance.

By implementing ISO 45001 at the main production and customization centers, Belimo follows the 4-phase-implementation model. Sites within the scope of certification are Hinwil, Großröhrsdorf, Mumbai, Danbury and Sparks. The site in Shanghai is holding an ISO 45001 certificate already. Smaller sites are not within the scope of certification, but global and regional Health, Safety and Environmental (HSE) processes will be implemented there as well.

Phase 1 - Analysis Phase started in May 2025. This phase included the project kick off, team assembly and the gap analysis at the selected sites and was successfully concluded in September 2025.

Phase 2 - Concept Phase started in September 2025. This phase included the preparation of action plans in order to close the gaps and was successfully concluded in October 2025.

Phase 3 - Implementation Phase started in November 2025. This phase includes the basic ISO 45001 training to Leadership and specific training to the implementation team including interpretation of the standard. In addition, the defined actions are under implementation. Phase 3 is ongoing and planned to be concluded in August 2026.

Phase 4 - Effectiveness Phase is scheduled from August 2026 onwards. This phase includes the Management Review, the internal audit and finally the certification for the selected sites. This phase is planned to be concluded in December 2026, whilst the certification of the remaining sites will continue in 2027.

A dedicated Implementation Project Manager is following up on all activities and timeline with the selected sites.

Belimo Health, Safety and Environment Management System

To meet growing occupational HSE requirements, strengthen compliance, and ultimately cultivate a sustainable safety culture, Belimo has decided to revise the existing safety system and implement a Group-wide management system according to ISO 45001. This new system will align with the desired high-level structure and integrate seamlessly into the Integrated Management System (IMS), which is based on ISO 9001 and ISO 14001. It will provide a solid framework for identifying hazards, assessing risks, and implementing appropriate control measures. Belimo actively encourages employee involvement and sets clear guidelines to ensure full compliance with all requirements.

Hazard Identification and Risk Assessment

A central element of Belimo’s approach to enhancing occupational health and safety is the systematic identification of workplace hazards and assessment of the associated risk. By employing different methods, this process ensures that all relevant hazards are recorded and analyzed. The sustainability and effectiveness of the resulting measures are strengthened by considering all pertinent aspects and continuously refining the approach.

Belimo places the highest priority on ensuring a safe and healthy work environment through a systematic approach to hazard identification and risk assessment. Potential hazards that could lead to serious injuries or fatalities are proactively evaluated across all operations. These include risks such as working at heights, operating heavy machinery, exposure to hazardous substances, ergonomic challenges, electrical hazards, and psychosocial factors. By addressing these areas comprehensively, Belimo aims to prevent incidents before they occur.

Hazards are identified using structured processes including formal risk assessments, safety audits, incident investigations, and continuous feedback from employees. Historical data and industry best practices further inform our evaluations. This approach ensures that all significant risks are assessed and prioritized according to the hierarchy of controls, focusing on elimination and substitution wherever feasible.

In 2025, Belimo recorded zero high-consequence work-related injuries, reflecting the effectiveness of our preventive measures.

Actions taken include implementing engineering controls such as machine guarding and ventilation systems, enhancing administrative measures through targeted training and updated procedures, and ensuring the proper use of personal protective equipment. Continuous improvement initiatives, including regular monitoring and employee engagement, remain central to our strategy to maintain and strengthen occupational health and safety performance and are part of the focus to certify the organization ISO 45001 in the upcoming terms.

Investigating Work-Related Incidents

Belimo’s approach to investigating work-related incidents focuses on systematically analyzing accidents, incidents, and near misses to identify root causes and implement preventive measures that ensure employee safety.

Incidents with significant potential impacts on health and operations are promptly and thoroughly investigated. Reporting all incidents is a key aspect of Belimo’s safety strategy with top management taking responsibility for incident management and allocating necessary resources. Every accident is investigated within five days to continuously improve safety measures.

In 2025, Belimo recorded zero fatalities and zero high-consequence work-related injuries, underscoring our commitment to maintaining a safe workplace. Across all global operations, a total of 86 recordable work-related injuries occurred, resulting in 34 lost-time incidents.
The main types of work-related injuries are sprains and strains, crush injuries, and cuts or lacerations, reflecting common risks in manufacturing and handling activities.

The total number of hours worked during the year was 3 786 706.

Belimo remains committed to reducing workplace risks and fostering a culture of safety through systematic hazard identification, risk assessment, and continuous improvement initiatives. Workers who are not employees, but whose work and/or workplace is controlled by the organization have been excluded from this disclosure (please refer to the related omission statement).

This approach ensures transparency and alignment with international reporting standards, enabling stakeholders to understand both the performance and the underlying calculation principles.

Leadership and Employee Participation

The active participation of Belimo’s employees in reporting potentially hazardous situations is essential to building a safe and productive work environment. Open communication and a constructive approach to error management are encouraged.

Safety Training

Belimo adheres strictly to its Code of Conduct: “It must be ensured that all employees are professionally qualified in the field of occupational health and safety.” To uphold this standard, Belimo runs a comprehensive program including extensive multi-day onboarding, emergency response training, and specialized safety training for managers.

Lost-Time Injury Frequency Rate

Data externally assured (limited assurance)

The Lost-Time Injury Frequency Rate (LTIFR) is Belimo’s key performance indicator for assessing occupational safety. Monitoring LTIFR performance provides insights into the safety of the work environment and allows for benchmarking against organizations with similar risk profiles.

Belimo is dedicated to continuously improving its LTIFR performance as it contributes to greater productivity and efficiency. Management will further allocate the necessary resources and take appropriate measures to develop effective control strategies. Belimo anticipates overall improvements by reorganizing and enhancing its safety management system.

Mental Wellbeing

Belimo takes stress-related issues and psychosocial risks linked to work very seriously. Across global operations, the Company actively promotes employee well-being and addresses psychosocial risks through a variety of initiatives tailored to local needs.

Measures include Employee Assistance Programs offering confidential counseling and coaching, flexible work arrangements, ergonomic workstations, health examinations, wellness activities and recreational facilities. Some locations provide stress management training and anonymous feedback channels to foster an open culture around mental health. Mental health policies in China and India further reinforce our commitment to creating a supportive work environment.

Looking ahead, various subsidiaries plan to expand these efforts through additional training on mental health awareness, conflict prevention, and communication skills. Planned initiatives include health days, active breaks, team-building activities, and promotional campaigns during World Mental Health Day. Some regions will introduce anonymous surveys to monitor well-being and strengthen internal culture-building programs. These actions reflect Belimo's ongoing commitment to mitigating psychosocial risks and enhancing employee resilience globally.

Initiatives at the Swiss headquarters include the Belimo Vital program, which focuses, amongst others, on coaching, keynote speeches on mindfulness and resilience, meditation courses, and a free, 24/7 Employee Assistance Program. Furthermore, there is a dedicated health page on the intranet with different resources on mental health. Managers are required to attend a mandatory leadership training course to recognize potential mental health challenges in the team and to learn how to respond to them.