Better Health for All

GESCO SE is an industrial holding company that oversees various subsidiaries. While it has a 'Health Care & Lifescience Segment' which generated €144.233 million in sales in 2024,

representing approximately 8.8% of the total Group sales of €1,642 million, the majority of its business is in industrial sectors. Subsidiaries like AMTRION and INEX produce medical devices, pharmaceutical equipment, and stainless steel components for life sciences, which have a positive health impact. Setter produces paper sticks for hygiene and confectionery, which is more health-neutral. Given that the vast majority of the company's revenue comes from industrial activities that are not directly health-related, the overall net health effect of the firm's principal goods or services is considered neutral. There is no explicit evidence of revenue from products with well-established negative health outcomes. The company's general statements about social responsibility and reducing negative business effects, or occupational health and safety measures for its employees, do not provide specific, quantifiable data for the other health-related KPIs.

Fair Money & Economic Opportunity

GESCO SE is an industrial holding company that acquires and manages medium-sized industrial businesses.

The company does not directly engage in financial services such such as lending, insuring, moving, or storing money for consumers or underserved populations. Therefore, the company's operations do not align with the scope of the 'Fair Money & Economic Opportunity' value, and no relevant evidence was found for any of the KPIs in the rubric.

Fair Pay & Worker Respect

In 2024, the company reported 68 recordable accidents at work and 2,506,684 total hours worked, resulting in a Total Recordable Incident Rate (TRIR) of approximately 5.43.

The voluntary employee turnover rate was 16% in 2024. The company reported zero deaths attributable to work-related injuries or illnesses in 2024, zero reported cases of discrimination, and zero serious human rights violations. There were no fines, sanctions, or damages resulting from incidents or complaints in 2024. All 1,730 company workers are covered by the health and safety management system, which includes 1,690 employed and 40 non-employed workers.

Fair Trade & Ethical Sourcing

GESCO SE reported no substantiated forced or child labor findings in 2024.

The company has a Supplier Code of Conduct that requires compliance with international labor standards, including the prohibition of forced labor, child labor, and human trafficking. However, investment agreements or contracts do not yet contain any human rights clauses. The company plans to introduce a mandatory human rights and environmental clause for future investment agreements and contracts in the first quarter of 2024.

Honest & Fair Business

GESCO SE reported no fines, sanctions, or damages from incidents or complaints in the 2024 financial year, and no incidents of corruption or non-compliance with laws or regulations in 2023.

The company has a whistleblower system for employees and external parties, managed by an external ombudsman, which allows anonymous reporting and guarantees protection. This system has led to internal investigations, including one at a subsidiary that resulted in an employee's dismissal for personal rights violations. The company's compliance management system, which includes a Group-wide Code of Conduct and training, aims to prevent corruption and other legal violations. The annual financial statements of GESCO SE and the consolidated financial statements of GESCO Group for 2024 received an unqualified audit opinion. The audit of foreign sub-subsidiaries was predominantly carried out by international partners of the German auditor. However, the specific percentage of revenue or assets covered by independent external audit is not provided. The company adjusted financial years 2013/2014 to 2015/2016 due to a share split in December 2016, which counts as one restatement in five years. There were no conflicts of interest for members of the Executive Board or the Supervisory Board in 2024, and the Supervisory Board considers all its members to fulfill the independence criterion. Regular audits are carried out in Group companies by external third parties, and an external data protection officer is engaged. The company also consulted an external service provider specializing in sustainability for design and implementation.

Kind to Animals

GESCO SE is an industrial holding company.

The provided articles primarily focus on its financial performance, general sustainability efforts, and corporate governance. There is no explicit information or specific data points in the articles regarding animal welfare, animal testing, animal-derived products, or related policies and practices for GESCO SE or its subsidiaries. Therefore, no KPIs under the 'Kind to Animals' value can be scored based on the evidence provided.

No War, No Weapons

The company states in its Code of Conduct that it does not deliver to customers and countries subject to embargoes in connection with its products.

It also ensures that associated companies with a registered office abroad comply with local embargo regulations.

Planet-Friendly Business

GESCO SE reported total Scope 1, 2, and 3 emissions of 52,345,345 kg CO2e for 2024, which is 0.052 M tCO2e.

This represents a significant increase from 19,951 tCO2e in 2023. The company sourced 42% of its total energy consumption from renewable sources in 2024. In the Materials Refinement & Distribution segment, over 90% of steel scrap is recycled. For 2024, 8.7% of the company's capital expenditure was taxonomy-eligible. The company reported zero environmental compliance violations for the 2024 financial year.

Zero Waste & Sustainable Products

GESCO SE achieved a waste diversion rate of 65.89% in the 2024 financial year.

Products contain 55% recyclable content. 11% of the total weight of products and technical and biological materials used consists of secondary components. The company implements circular economy principles, including a refurbish strategy and general overhauls of existing machines to extend their life cycle. Waste reduction initiatives include Setter using pre-consumer recyclate for cotton buds and INEX reducing offcuts through software-supported laser cutting. The company generated 8,216 kg of hazardous and radioactive waste, with 1,916,753 kg of hazardous waste destined for disposal. MAE products are noted for a long service life of over 20 years. GESCO Group has set a target to reduce the reject rate by 10% by 2030, compared to the 2024 base year. There were no waste disposal violations in the past three years.