Working every day to improve our extra-financial performance, we propose 19 priorities that we are committed to following over the medium-to-long term. They cover four key areas: governance, people, environment and societal.
THE VARIABLE EARNINGS OF OUR CORPORATE OFFICERS AND SUBSIDIARY AND GROUP MANAGERS WILL NOW DEPEND ON THE RESULTS ACHIEVED ON EACH PRIORITY.
Each priority takes the forms of a quantified objective aligned to our consolidated indicators, enabling precise tracking of our extra-financial performance. The 2025 (medium term) and 2030 (long term) milestones reflect the commitment of the current management of Thermador Groupe and shall apply until most of its members retire. 2021 was a year of progress for extra-financial achievements. First of all, we developed our Scope 3 for 2020 and 2021. This scope includes the manufacture of the product, its use, its end of life, upstream and downstream transport and a non-product component. It also presented the opportunity to commit to the Global Compact. Finally, by adopting a Supplier Code of conduct, we are now encouraging our stakeholders to commit to our sustainable development objectives with us. The Scope 3 target has not yet been determined as current practices diverge and are not based on clear legislation on the elements attributable to Scope 3. We will continue to keep an eye on the regulations and what our peers are doing throughout 2022. According to Article 19a or Article 29a of Directive 2013/34/EU, « every non-financial undertaking shall include in its consolidated nonfinancial statement information on the manner and extent to which the undertaking’s activities are associated with economic activities that may be regarded as environmentally sustainable under Articles 3 and 9 of Regulation (EU) 2020/852. » Application of this regulation translates for Thermador Groupe as follows:
- Publication of the share of turnover coming from products or services considered as sustainable: our activity as a distributor is not eligible according to the delegated acts on taxonomy that came into force on June 4, 2021, which leads us to consider a share of eligible turnover of 0% for the period.
- Publication of the proportion of our capital expenditure related to assets considered sustainable: our real-estate company SCI Thely has capital expenditure (construction and renovation of buildings) eligible for taxonomy and represents 66.6% of Thermador Groupe’s capital expenditure. The Group’s other capital expenditure is not eligible for the current version of European taxonomy.
- Publication of the portion of our operating expenses that can be considered sustainable: expenses related to the maintenance and upkeep of the buildings are borne by the tenants, Thermador Groupe subsidiaries, but represent an insignificant amount compared to the other operating expenses. The Group’s other expenses are not eligible for the current version of European taxonomy.