FR.VORWERK GRP SE ON.
VH2.XETRA | Other retail sale of new goods in specialized stores
Vorwerk is a diversified, family-owned German company operating worldwide. Its core business involves the direct sale of high-quality household products, including vacuum cleaners (Kobold), kitchen appliances (Thermomix), and cosmetics (JAFRA Cosmetics, Lux Asia Pacific). Vorwerk also has a financia...Show More
Better Health for All
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The company's core business in energy infrastructure, including natural gas, electricity, and hydrogen, indirectly contributes to public health by supporting a reliable energy supply and the energy transition, with district heating projects aiming to save hundreds of thousands of tonnes of CO2 annually.
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The company is actively shifting towards renewable energy and clean hydrogen, decreasing reliance on fossil fuels.
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Its safety record shows a 2024 accident rate (TRIR) of 2.0 per 200,000 working hours and a work-related fatality rate of 0.0, with no monetary losses from safety-related legal proceedings.
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The company has a risk management system and a compliance management system, allowing employees and third parties to report misconduct.
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It invests in research and development for new technologies like hydrogen-compatible systems and automated welding processes.
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The company aims to minimize environmental impacts through planning and environmental protection measures, including efforts to reduce energy consumption and greenhouse gas emissions.
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It supports employees with training, development opportunities, and benefits such as supplementary company health insurance and fitness studio access.
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Preventative health measures include regular safety training, HSEQ monthly campaigns, and promoting occupational safety.
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The company complies with data protection regulations and has taken measures in response to the COVID-19 pandemic, including flexible working models and hygiene management.
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It addresses mental health risks in office workplaces and offers a company social counselling service.
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The company supports the next generation of young scientists through the Irene and Friedrich Vorwerk Foundation and emphasizes training and further education for junior staff.
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Fair Money & Economic Opportunity
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No specific, concrete data points were found in the provided articles for VH2.XETRA's financial services division, akf bank, that directly map to the quantitative thresholds of the 'Fair Money & Economic Opportunity' KPIs. While some articles discuss financial inclusion initiatives, these are attributed to the Aga Khan Development Network (AKDN) and its associated entities, not to Vorwerk's akf bank.
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Therefore, information regarding underserved client share, pricing fairness, exploitative fee exposure, inclusion initiatives, data accessibility, fair lending compliance, wealth building outcomes, profit reinvestment in community finance, financial literacy initiatives, debt burden ratio, geographic inclusion, or product simplicity for akf bank was not available.
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Fair Pay & Worker Respect
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In 2020, the occupational accident rate per 1,000 employees was 11 in Wuppertal and 23 in Cloyes-sur-le-Loir.
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The voluntary employee turnover rate for the company was 15% in 2020.
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Fair Trade & Ethical Sourcing
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No evidence available to assess FR.VORWERK GRP SE ON on Fair Trade & Ethical Sourcing.
Honest & Fair Business
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Vorwerk operates a 24/7 anonymous whistleblower platform, 'SpeakUp,' available in multiple languages via phone and internet, with responses typically provided within a week.
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The company has reported zero financial restatements in its 2024 annual report, covering the past five years.
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However, the anti-corruption policy, while comprehensive and requiring annual training, lacks specific effectiveness metrics or customization for high-risk areas.
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Furthermore, the company provides limited evidence of independent verification of ethical claims, with only FSC certification for paper usage mentioned, indicating less than 10% of ethical claims are independently verified.
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Kind to Animals
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Vorwerk annually audits between 15 and 20 percent of its suppliers for social and environmental compliance standards during contract renewal.
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The company supports the California Transparency in Supply Chains Act (CATSCA) and its Vorwerk Elektrowerke division signed the “Code of Conduct on Social Responsibility” of the German Electrical and Electronic Manufacturers’ Association (ZVEI).
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Vorwerk has undertaken habitat restoration projects, including renaturing a 1,100-meter stretch of the river Wupper and building three toad tunnels and a tunnel for smooth snakes near the Laaker Teich pond in Wuppertal.
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No War, No Weapons
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No specific, concrete data points or relevant evidence regarding VH2.XETRA's association with arms manufacturing, military contracts, or conflict facilitation were found in the provided articles.
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All articles were identified as placeholders or examples, explicitly stating a complete absence of data for the company or the 'No War, No Weapons' value.
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Planet-Friendly Business
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No evidence available to assess FR.VORWERK GRP SE ON on Planet-Friendly Business.
Respect for Cultures & Communities
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No specific, quantitative data was found in the provided articles for any of the KPIs related to Respect for Cultures & Communities for VH2.XETRA.
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The available reports and statements for Vorwerk Group do not specify metrics such as formal partnerships, revenue reinvested in local communities, cultural appropriation incidents, cultural impact assessment protocols, local employment ratios, or cultural preservation investments.
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Safe & Smart Tech
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Vorwerk experienced a data breach between January 30 and February 3, 2025, affecting 3.1 million user records, including 1 million German Thermomix users.
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The stolen data, which included email addresses, places of residence, dates of birth, telephone numbers, and preferences, was offered for sale on the Darknet.
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This constitutes a significant breach affecting 1-10 million users and an incident of unauthorized data use. The company closed the security gap and users were advised to change passwords.
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The Federal Court of Justice ruled that loss of control over personal data constitutes damage, indicating potential regulatory non-compliance leading to compensation claims under GDPR.
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Users are afforded GDPR rights such as access, rectification, erasure, restriction, and data portability.
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The company states it only processes necessary personal data and regularly deletes data no longer required, adhering to statutory retention periods.
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However, the breach suggests limitations in preventative controls. Two-factor authentication is recommended to users, but there is no evidence of its widespread availability across services.
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Vorwerk has partnered with Wipro for a 5-year deal to consolidate cybersecurity into a unified monitoring platform and improve risk management, leveraging AI-powered solutions, but specific investment percentages are not provided.
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The company states its security measures are continuously improved and data is protected against unauthorized access.
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Zero Waste & Sustainable Products
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Vorwerk achieved a waste for recycling rate of 99.4% in 2020, an increase from 98.2% in 2019.
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In 2020, the company's packaging had a recycled content of around 60%.
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Hardware components for products are kept available for repair for typically ten years after a model's end of production.
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The company still sold 302,000 filter bags in 2020 for a Kobold device last manufactured in 1983, indicating long product lifespans.
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Vorwerk Engineering has a target to reduce its specific waste volume by 10% by 2025.
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Vorwerk Engineering works exclusively with suppliers committed to environmental and social standards, conducting annual reviews of documentation and risk assessments since 2019.
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There have been no waste disposal violations in the past three years.
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