At GARO Group, sustainability is at the heart of everything we do. As a trusted partner in the electrification of transport and energy systems across Europe, we understand the importance of embedding sustainability into every aspect of our operations. Our Sustainability Policy outlines how we create long-term value for our customers, stakeholders and society while contributing to global sustainability goals.
People powered sustainability
We believe in maximizing our impact by transitioning to a fully electrified and sustainable future. By expanding production, services and our geographic reach across Europe, we aim to be a driving force in the shift toward a low-carbon electrified economy. For every product we manufacture and service we offer we strive to systematically improve life cycle sustainability performance.
Key focus areas
Our Sustainability Policy emphasizes the following priority areas:
- Sustainable products: We reduce the environmental footprint of our products through design, responsible suppliers and material selection.
- Circular economy principles: We are committed to minimizing materials, waste, conserving resources and promoting the reuse and recycling of our products.
- Exemplary standards: We ensure that all our products meet stringent environmental and social standards, delivering quality while adhering to sustainability benchmarks.
- Sustainable supply chain: We work closely with suppliers to ensure environmental responsibility and minimize negative impacts across the value chain.
- Biodiversity conservation: We actively avoid operating in high conservation value areas.
Commitment to global goals
We align our sustainability strategy with global frameworks such as the Paris Agreement and the United Nations Sustainable Development Goals (SDGs). This ensures that our business operations support the global efforts to limit climate change, reduce inequalities, and promote sustainable development.
Governance and oversight
Strong governance is fundamental to our sustainability journey. Our Board of Directors and Sustainability Committee oversee the implementation of our Sustainability Strategy, ensuring alignment with international standards and stakeholder expectations. We continuously monitor and report on our progress to maintain transparency and accountability.
Sustainability risks and management
Operating in the evolving market of electrification and energy systems, GARO Group proactively manages risks, such as:
- Climate change and environmental risks: We conduct risk analyses and implement preventive measures to mitigate the impacts of extreme weather events and environmental hazards.
- Regulatory compliance: We adhere to all evolving sustainability regulations to ensure we remain compliant while reducing risks to our business.
- Supply chain transparency: We prioritize transparency and sustainability across our supply chain to safeguard our reputation and customer trust.
Our targets and progress
We have set ambitious targets for climate neutrality by 2040. Since 2022, we have been fully compliant with the EU Taxonomy and the Corporate Sustainability Reporting Directive (CSRD), including conducting double materiality analysis to address both financial and sustainability-related risks. Additionally, we actively work in dialogue with our partners regarding the Corporate Sustainability Due Diligence Directive (CSDDD), ensuring ethical practices throughout our operations.
Engagement with stakeholders
Our success is built on active collaboration with key stakeholders, including customers, suppliers, employees, and shareholders. Their input plays a pivotal role in shaping our sustainability strategy, ensuring that we meet their expectations while driving continuous improvement.
Reporting and transparency
Transparency is central to our sustainability efforts. We provide comprehensive disclosure of our progress through annual reports and adhere to internationally recognized reporting standards. This helps us ensure that our stakeholders are informed about the impact of our sustainability initiatives.