Progress on Sustainability Framework 2025
An integral part of the GF Strategy 2025, the Sustainability Framework defines eight clear targets to achieve across the company's operations as part of its roadmap to become a sustainability and innovation leader providing superior customer value. Reflecting the company's commitment to transparency, this report discloses the progress made in the second of this five-year journey.
Progress in 2022
In the past year, GF made good progress against most of its targets. The following provides an overview of where GF stands with regards to its targets and what has been achieved during 2022.
Click on the tabs below for details.
Product portfolioTarget 2025
Status 2022
Progress in 2022
Product portfolio
70% of sales with social or environmental benefits
GF generated 63% of its sales from products, systems or solutions that deliver social or environmental benefits.
All three divisions continuously carry out measures and projects to increase the share of products, systems and solutions with social or environmental benefits. All divisions aim to maximize the social and environmental benefits of their innovations. For this purpose, a sustainability radar was developed to quickly evaluate different options.
Further details are available in Product portfolio.
Climate and resourcesTarget 2025
Status 2022
Progress in 2022
SBT CO2e emissions
Reduce absolute scope 1 and 2 CO2e emissions by 30% by 2026
GF reduced its scope 1 and 2 emissions by 29% compared with the baseline.
In 2022, the SBTi validated GF’s GHG emissions targets.
GF made significant progress toward achieving this target in the year under review. The increase of renewable energy by 31%, contributed to this great achievement. In addition, several sites invested to install photovoltaic (PV) systems on the roofs of buildings.
Further details are available in Climate and energy.
SBT CO2e emissions
Reduce scope 3 CO2e emissions by 34.6% per tonne of processed material and use of sold products by 2030
The scope 3 intensity increased to 3.9 tonnes of CO2e per tonne of processed material and use of sold products compared with the baseline.
The main reason was the planned ramp-up phase of magnesium components and change of content in the iron foundry of GF Casting Solutions. The other two divisions decreased the intensity due to their investment in bio-based material for GF Piping Systems' products and reduced electricity consumption of machines.
Further details are available in Climate and energy.
Water
Reduce water intensity by 20% in high stress areas
GF’s water intensity in high-stress areas decreased by 6% compared with the baseline.
Compared to 2021, the company decreased its water intensity. The main improvements stem from water management measures at a GF Casting Solutions site in China and GF Piping Systems sites in Indonesia and the US.
Further details are available in the Water footprint.
Waste
Reduce by 20% intensity of waste sent to landfill or incineration
GF reduced the intensity of waste sent to landfill or incineration by 42% compared with the 2018–2020 average.
The main contribution to the target achievement was the sand recycling programs at the GF Casting Solutions site in Leipzig (Germany) and the GF Piping Systems site in Sissach (Switzerland). During the reporting year, GF recycled 78% of its waste.
Further details available in Natural resources, materials and waste management.
Supply chain
Perform sustainability assessments for 80% of procurement spend
GF assessed 64% of its procurement spend in 2022, which is in line with achieving its five-year goal.
GF has partnered with the rating agency EcoVadis to conduct these sustainability assessments. In addition, the company accepts similar ratings and in-house developed sustainability risk screenings. In 2022, the responsible procurement team continued with the supplier assessments and started with a series of webinars to help suppliers improve their ratings. In total, approximately 600 suppliers out of some 1’200 key suppliers were assessed. In the upcoming years, the team will continue with the assessments and work in parallel to improve the supplier’s score, if necessary.
Further details are available in Responsible supply chain.
People and well-beingTarget 2025
Status 2022
Progress in 2022
Diversity and inclusion
25% of newly appointed managers are women
29% of newly appointed managers were women, meaning GF exceeded its target.
All three divisions contributed to this progress. In the year under review, several awareness raising trainings and leadership programs took place in various GF locations worldwide. To further advance the D&I initiatives, GF conducted a specific survey at the end of 2022. Those results are being analyzed in the first quarter of 2023. To move beyond the gender focus, the internal employee magazine Globe focused on various aspects of diversity in GF in all facilities in its last 2022 issue.
Further details are available in the section Diversity and inclusion.
Employee engagement
At least 80% recommend GF as an employer of choice
Two divisions conducted an employee engagement survey during 2022, a global survey is planned for 2023.
GF Casting Solutions conducted an employee survey that 2'228 employees participated in, with 79% considering the division as an “employer of choice". GF Machining Solutions carried out a similar survey in November 2022 that had a participation rate of 65.8% and an employee satisfaction rate of 74.1%. Local management teams have started to work on improvement measures to raise employee satisfaction.
Further details are available in Fair and attractive employer.
Health and safety
Reduce accident rate by 30%
GF’s accident rate dropped to 7.9 LTIFR in 2022. The total number of accidents were 265 which equals a 12% reduction in the number of accidents compared with 2021.
This progress is mainly due to a focus on safety, the continuous improvements implemented and the “Zero Risk/Be aware Be safe” campaign.
Further details are available in Safety and well-being.
Sustainability Framework 2025
