- Major challenges in its e-lamination stamping business in Europe due to political uncertainties regarding electric mobility, economic slowdown, inflationary pressures, and high energy prices.
- Sharp decline in the sale of electric vehicles in some markets, while the industrial business for electric motors unexpectedly saw a sharp decline in sales.
- High costs of labor and energy in Switzerland and the strength of the Swiss franc negatively impacted the European business.
- Low volumes in the industrial business (electrolamination stamping in Europe) weighed on margins.
Feintool International Holding AG
Greenhouse gas emissions & sustainability report data
Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.
π Emissions by Report Period
| Report period | Headline emissions figure reported |
|---|---|
| 2023 | 43.7K tCO2e/year |
| 2022 | 43.4K tCO2e/year |
| 2019 | 48.2K tCO2e/year |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
β Reported Environmental Achievements
- Established a new full-time position for Group-wide ESG management as of July 1, 2024.
- Feintool plants have been certified in environmental management (ISO 14001) for many years. This year, Feintool International Holding AG in Lyss was included for the first time in the environmental and energy audit.
- Shortening supply chains, making them more environmentally friendly through expansion to India.
π― Climate & Sustainability Targets
π Long-term
- EBIT margin of over 6%
π± ESG Focus Areas
SustainabilityHydrogen TechnologyResource EfficiencyFair Working ConditionsStrong Governance