Annual Report 2025

Abbreviations

Abbreviations frequently used in our annual report.

A

CO

Code of Obligations

EPS

Earnings per Share

AGM

Annual General Meeting

CPQ

Configure, Price, Quote

ERM

Enterprise Risk Management

AI

Artificial Intelligence

CQC

China Quality Certification Center

ESG

Environmental, social, and governance

API

Application programming interface

CRM

Customer Relationship Management

ESPP

Employee Share Purchase Plan

ASHRAE

American Society of Heating, Refrigerating and Air-Conditioning Engineers

CSRD

Corporate Sustainability Reporting Directive

ESRS

European Sustainability Reporting Standards

B

D

EY

Ernst & Young

BACS

Building Automation Control Systems

DEI

Diversity, Equity & Inclusion

F

BCF

Belimo Climate Foundation

DIO1)

Days inventory outstanding, Inventory period

FTE

Full-time equivalent

BIM

Building Information Modeling

DMA

Double materiality assessment

FVOCI

Fair value through other comprehensive income

BIoT

Building IoT

DSO1)

Days sales outstanding

FVPL

Fair value through profit and loss

BL

Business Line

E

G

BLA

Belimo Leadership Accelerator

EAP

Employee Assistance Programs

GHG

Greenhouse gas

BoD

Board of Directors

EBIT1)

Earnings before interest and taxes

GHGP

Greenhouse Gas Protocol

BSC

Balanced Scorecard

EBITDA1)

Earnings before interest, taxes, depreciation, and amortization

GLEC

Global Logistics Emissions Council

BVG

Disability Pension Plans

EBT

Earnings before taxes

GloBE

Global Anti-Base Erosion Rules

C

ECBC

Energy Conservation Building Code

GRI

Global Reporting Initiative

C

Customization

ECSBC

Energy Conservation Sustainable Building Code

H

CAGR1)

Compound annual growth rate

EFs

Emission factors

HCs

Headcounts

CEO

Chief Executive Officer

EIA

Energy Information Administration

HR

Human Resources

CESIM

Comfort, Energy Efficiency, Safety, Installation and Maintenance

EMEA

Europe, Middle East & Africa

HSE

Health, Safety, and Environment

CHF

Swiss francs

EPBD

Energy Performance of Buildings Directive

HVAC

Heating, ventilation, and air-conditioning

CHRO

Chief Human Resources Officer

EPD

Environmental Product Declarations

I

CIMA

Chartered Institute of Management Accountants

IASB

International Accounting Standards Board

CMI

Continuous Mortality Investigation Model

IET

Institute of Energy Technology

Abbreviations frequently used in our annual report (continued).

ILO

International Labor Organization

O

S

IMS

Integrated Management System

ODS

Ozone-depleting substances

SBTi

Science Based Targets initiative

IP

Intellectual property

OECD

Organisation for Economic Co-operation and Development

SDGs

Sustainable Development Goals

IROs

Impacts, risks, and opportunities

OEM

Original equipment manufacturer

SIX Swiss Exchange

Swiss stock exchange

ISIN

International securities identification number

OO

Own operations

SOx

Sulfur oxides

I

OTD

On Time Delivery

SQS

Swiss Association for Quality and Management Systems

ISO

International Organization for Standardization

P

SRI

Smart Readiness Indicator

ISSB

International Sustainability Standards Board

P

Production

T

L

P/E ratio1)

Price-earnings ratio

TCFD

Task Force on Climate-related Financial Disclosures

L

Logistics

P/L&C

Production / logistics & customization

TRAF

Tax reform and AHV financing

L/C

Logistics/Customization

PV

Photovoltaic installations

U

L&C

Logistics and Customizing

PwC

PricewaterhouseCoopers

UN

United Nations

LCA

Life Cycle Assessments

R

UNGC

UN Global Compact

LTIFR

Lost-Time Injury Frequency Rate

R&D

Research and development

V

M

RBI

Responsible Business Initiative

VC

Value chain

MBA

Master of Business Administration

REACH

Registration, Evaluation, Authorization and Restriction of Chemicals

VOCs

Volatile organic compounds

MID

Measuring Instruments Directive

RECs

Renewable Energy Certificates

W

MPMs

Management-defined performance measures

RNC

Remuneration and Nomination Committee

WTW

Well-to-wheel

MWh

Megawatt hours

ROCE1)

Return on capital employed

Z

N

ROE1)

Return on equity

ZHAW

Zurich University of Applied Sciences

NIST CSF 2.0

NIST Cybersecurity Framework 2.0

RoHS

Restriction of Hazardous Substances

ZTNA

Zero Trust Network Access

NOx

Nitrogen oxides

ROIC1)

Return on invested capital

1) Alternative Performance Measures are described here