E1
CLIMATE CHANGE
Transition plan for climate change mitiga- tion (CTP) [E1-1]
For economic activities in accordance with the EU Taxonomy Regulation, the Zumtobel Group defines actions taken in relation to capital expenditure (CapEx) and opera- ting expenditure (OpEx) in Section ‘1.2.2.3 Taxonomy Regulation’. These actions are intended to ensure that revenue, CapEx and OpEx meet the requirements of Delegated Regulation (EU) 2021/2139, while also sup- porting decarbonisation levers 4 and 5. Locked-in emissions generated by the Zumtobel Group arise primarily from the sale of products. Gradual adjustments to product design under the Circular Design Rules (CDRs) will be reflected in the GHG footprint over the long term through lower Scope 3.1 emissions (purchased goods and services). The establishment of a circular economy harbours the potential to significantly reduce locked-in emissions. Products designed for prolonged use, repairability and reuse re- duce the need for raw materials and related emissions.
The Climate Transition Plan (CTP) is embed- ded in both the general corporate strategy FOCUSED[+] – the ‘E’ standing for Environ- ment & Engaged Employees – and in the sustainability strategy. More information can be found in the Group Management Report in Section 1.1.6, ‘Corporate Strategy’. The CTP and the defined decarbonisation levers encompass the Zumtobel Group’s entire value chain and have been approved by the Management Board. The Zumtobel Group supports the goals set in the 2015 Paris Agreement and conse- quently committed itself to the SBTi in 2023. In autumn 2024, SBTi validated the Zumtobel Group’s emission reduction targets. These include the target of reaching Net-Zero in all three Scopes by 2050. More information can be found in the section ‘Targets related to climate change mitigation and adaptation [E1-4]’. At present, no specific funding has been earmarked for the implementation of the transition plan. From a financial perspecti- ve, the transition plan does not require any significant additional operating expenditure or necessary capital expenditure. Individual measures, in particular the pro- curement of materials with a lower carbon footprint, may entail higher procurement costs in future. These costs stem from cur- rent developments in supply chains and the fact that the relevant technologies are still in the early stages of development. As a result, no link can be established with the relevant KPIs in the EU Taxonomy. The timing of the Climate Transition Plan and the financial planning are synchronised in order to cover the future investments needed to implement the decarbonisation levers.
The Zumtobel Group is not exempt from the EU Paris-aligned benchmarks.
Both the transition plan and the actions derived from it were defined in close co- ordination with the specialist departments in the 2024/25 financial year and checked for timeliness in the 2025/26 financial year. The continuous progress towards achieving the emission reduction targets is shown in the table ‘GHG emissions in tCO 2 e’. The following description lists the key decarbonisation levers that will be rolled out in the coming years in order to continuously reduce emissions.
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