Dear Business Partners of JOST Werke AG,

The year 2021 continued to be dominated by the coronavirus pandemic. While global markets recovered from the economic crisis caused by the pandemic in the previous year, many fundamental changes to everyday life remained in 2021.

 

The health and safety of our employees and business partners remained our top priority. In addition to the extensive measures taken to contain the spread of the virus, we conducted several vaccination campaigns, making it possible for our employees and their immediate family to be vaccinated directly at JOST.

Despite the very challenging environment, JOST achieved excellent performance in fiscal 2021. For the first time in the company’s history, we generated sales revenue above EUR 1 billion. We also intensified our sustainability activities and supplemented them with quantitative targets and specific performance indicators. In 2021, we launched the ESG Council to set sustainability targets and drive JOST’s ESG activities.

As members of the Executive Board, all three of us are part of the ESG Council and oversee and monitor the implementation status of any adopted measures. We believe that business success and social responsibility are not mutually exclusive, quite the contrary – they support each other. That is why sustainability is and remains a key management task.

In the 2021 fiscal year, we made significant progress toward our goal of reducing JOST’s greenhouse gas emissions per production hour by 50% by 2030. Due to the strong increase in productivity compared to the previous year that was burdened by the pandemic, we were able to reduce CO2-eq emissions per production hour by 24.0% compared to 2020. But also in absolute terms, we were able to reduce our Scope 1 and Scope 2 CO2-eq emissions by 0.3% compared to the previous year, although the significantly higher production volume led to a 5.5% increase in energy consumption compared to 2020.

Since 2021, as part of our product development process we have also been preemptively assessing each application to decide how the planned innovation can contribute to the United Nations Sustainable Development Goals (SDGs) pursued by JOST. Our goal for the future is to increasingly support the decarbonized and autonomous use of commercial vehicles for transportation and agriculture, while further improving safety and convenience for users and productivity in the field.

We continue to work hard to embed sustainability at all levels within the company and to strike a balance between JOST’s commercial success and our social and ecological responsibility as a company operating on the international stage.

With this report, we present the status of our sustainability activities and our strategy for achieving a sustainable future.

 

Yours sincerely,

Joachim Dürr

Dr. Ralf Eichler

Dr. Christian Terlinde

CEO

COO

CFO

 

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