Dear Business Partners,
JOST achieved key sustainability milestones in the 2023 fiscal year. We have almost achieved the target we set ourselves of reducing Scope 1 and 2 CO2eq emissions per production hour by 50 % by 2030 compared to 2020 levels, far faster than originally anticipated.
In 2023, we reduced our Scope 1 and 2 CO2eq emissions per production hour by 46.0 % against 2020 levels to 3.4 kg CO2eq. Our absolute Scope 1 emissions decreased by 5.3 % compared to 2022 and our absolute Scope 2 emissions by a considerable 22.6 %.
This successful outcome is the result of numerous measures identified and introduced to reduce our energy consumption. We also steadily increased the share of total electricity consumption attributable to renewable energies by 6.7 percentage points in 2023 to 36.6 % and significantly upped the amount of solar power generated in-house to 506.8 thousand kWh by building and commissioning new solar power systems on the roofs of our production sites.
Following the acquisition of Crenlo do Brasil and LH Lift in 2023, we welcomed more than 800 new employees to our Group. The new companies will help us further grow our agricultural components business in Latin America and Asia. Thanks to this, JOST will play an even greater role in achieving sustainable development goal two of the Agenda 2030, “Zero Hunger” in the future.
We were also very active in the area of social sustainability. The 3.8 percentage point decrease in the turnover rate to 11.6 % deserves particular mention here. The number of individual feedback meetings also rose considerably by 33.4 % to 2,655. This open feedback helps foster a company culture where people feel comfortable, like to work and can perform at their best.
We still have a lot more planned. This report outlines our main sustainability activities in 2023 and our goals for the future.
The Executive Board of JOST Werke SE
Neu-Isenburg, March 20, 2024
