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Sustainability targets for Jenoptik
Jenoptik is actively committed to greater sustainability and has set various non-financial targets, some of which are taken into account in the executive remuneration. Our group financing is also geared towards these goals.
We are particularly focused on the following topics:
More green electricity
Proportion of green electricity by 2025
(as of 2021: 76.4%)
Increase the proportion of green electricity
By increasing the proportion of green electricity at our main production sites to 75% by 2025, we aim to reduce our CO2 emissions and contribute to greater environmental protection.
Reducing CO2 emissions until 2025
(as of 2021: -24.1%)
Reduction of our CO2 emissions
By 2025, we want to reduce CO2 emissions by 30 percent, or around 3,000 tons of CO2 in total. The savings include direct emissions that Jenoptik releases itself (Scope I) and indirect emissions from purchased energy (Scope II).
Vitality index by 2025
(as of 2021: 19.1%)
Increasing competitiveness through successful and sustainable innovations
As a high-tech company, we want to increase the sales share with new products, the Vitality Index, to attain 22% by 2025.
Greater diversity within the company
Diversity rate by 2025
(as of 2021: 28.6%)
More diversity within the company
We signed the Charter of Diversity and want to increase the diversity rate, i.e., increase the proportion of women in management and international managers in the company to 33% by 2025.
Greater supply chain visibility
Corporate Social Responsibility (CSR) Rate by 2025
(as of 2021: 38%)
More transparency in the supply chain to ensure the protection of human rights and the environment
By 2025, at least 50% of our suppliers should have completed a self-assessment.
Green finance: sustainability in group financing
Sustainability is also playing an increasing role in the capital market and more and more investors are investing their money in sustainable investments.
In spring 2021, Jenoptik placed a new debenture bond of over 400 million euros with sustainability components – in the form of concretely verifiable targets for the environment (green electricity rate), social aspects (diversity of managers) and governance (sustainability in the supply chain).
If all three targets are reached, Jenoptik receives a small amount of interest; conversely, a penalty must be borne if less than two of the three targets are achieved. A “win-win-win” for investors, companies and the environment, so to speak. The attractive conditions reflect the very good creditworthiness of the Jenoptik Group, and the capital measures enable Jenoptik to continue to provide a very solid, long-term and broad financing base.
The successful placement of 400 million euros – twice as much as originally planned – reflects the high level of confidence investors have in Jenoptik.