Progress on Sustainability Framework 2025

GF generated 68% of its sales from products, systems or solutions that deliver social or environmental benefits. 

All three divisions continually pursue measures and projects to increase the share of products, systems and solutions with social or environmental benefits. All innovations follow a quantifiable assessment to ensure they align with the criteria and contribute to the target. 

Further details are available in the Product portfolio chapter. 

GF reduced its Scope 1 and 2 emissions by 35% compared with the baseline. 

GF made significant progress toward achieving this target in the year under review. The increase of renewable electricity of total electricity to 50%, contributed to this great achievement. 

Further details are available in the Climate and energy chapter. 

The Scope 3 intensity remained stable at 3.3 tonnes of CO₂e per tonne of processed material and use of sold products compared with the baseline. 

This was primarily due to a positive material split in favor of low-carbon material at GF Casting Solutions. GF Piping Systems intensity was negatively affected by methodological changes in the emissions factors and an increase in high-carbon material. All divisions are continuing to pursue their Scope 3 roadmaps by implementing different measures. 

Further details are available in the Climate and energy chapter. 

GF’s water intensity in high-stress areas increased by 3% compared with the baseline. 

Compared to 2022, the company increased its water intensity due to a negative development of the production volume unit at the plant with the highest impact on the groups target. However, the water consumption at sites in water stressed areas decreased by 11% compared to previous year. 

Further details are available in the Water footprint chapter. 

GF reduced the intensity of waste sent to landfill or incineration by 30% compared with the 2018–2020 average. 

The main contributor to achieving this target was the sand recycling programs at the GF Casting Solutions site in Leipzig (Germany). During the reporting year, GF recycled 78% of its waste. 

Further details are available in the Natural resources chapter. 

GF assessed 73% of its procurement spend in 2023, 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 sustainability risk screenings developed in-house. In 2023, the average Ecovadis score of GF suppliers was 58 out of 100. 

Further details are available in the Responsible supply chain chapter. 

31% of newly appointed managers were women, meaning GF exceeded its target. 

GF’s robust Diversity & Inclusion training program was recently enhanced with a module on unconscious bias in recruiting. In the year under review, the Women in Leadership (WIL) Program connected women leaders across Europe. 

Further details are available in the Diversity and inclusion chapter. 

Overall, the vast majority of our employees recommend GF as an employer of choice (Median 80%). 

In 2023, GF conducted a comprehensive global employee engagement survey across all divisions. The survey achieved a 70% of response rate in line with expectations for a first-time survey. 

The results highlight the good atmosphere and a positive thriving culture, advancing GF’s efforts to cultivate a diverse, inclusive, and engaging workplace. 

Further details are available in the Fair and attractive employer chapter.

GF’s accident rate dropped to 7.4 LTIFR in 2023. The total number of accidents were 233¹ which equals a 12% reduction in the number of accidents compared with 2022. 

This progress is the results of on-going safety effort, such as “Zero Risk/ Be aware Be safe” campaign and regular safety audits. 

Further details are available in the Safety and well-being chapter. 

–

¹ Total accidents of GF were 235 while 233 are included in the calculation of the LTIFR because two accidents occurred at a site that is not a part of the targets 2025, following the described methodology under the section Disclosure information: reporting approach.