WACKER NEUSON SE.
WAC.XETRA | Manufacture of machinery for mining, quarrying and construction
Wacker Neuson SE is a global manufacturer of light and compact equipment used in construction and agriculture. The company develops, produces, and distributes a wide range of products, including rammers, vibratory plates, rollers, excavators, wheel loaders, telehandlers, dumpers, concrete technology...Show More
Better Health for All
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Wacker Neuson's core business involves manufacturing construction and agricultural equipment, which are not directly related to health products or services. Therefore, most health-related KPIs are not applicable. However, the operation of such equipment can generate health externalities like noise and exhaust emissions. The company is actively addressing these by developing and selling battery-powered, zero-emission products. In 2023, Wacker Neuson offered 25 battery-powered construction products and 5 agricultural products.
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These electric machines are 20 decibels quieter than gasoline-powered counterparts, representing a 50% reduction in perceived loudness, and produce no exhaust emissions.
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The company aims for a 50% annual sales growth in its zero-emission business area.
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While these efforts mitigate negative health externalities, the company's primary business still includes traditional equipment with associated impacts.
Fair Money & Economic Opportunity
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No evidence available to assess WACKER NEUSON SE on Fair Money & Economic Opportunity.
Fair Pay & Worker Respect
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No specific, company-wide quantitative data was found for any of the KPIs related to Fair Pay & Worker Respect. While some articles provided CEO compensation
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or average employee remuneration
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, they did not offer the required median employee compensation to calculate the CEO-median pay ratio.
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Similarly, safety incident rates were only provided for a single subsidiary, not for the entire company.
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Mentions of collective bargaining agreements did not include a specific percentage of the workforce covered.
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Therefore, no KPIs could be scored based on the provided evidence.
Fair Trade & Ethical Sourcing
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No specific quantitative data was found for any of the Fair Trade & Ethical Sourcing KPIs for Wacker Neuson SE (WAC.XETRA) in the provided articles. Information regarding fair-trade certification share, audit frequency, number of substantiated forced or child labor incidents, traceability coverage, remediation speed, ethical clause coverage, materials risk index, and supplier diversity spend was not available.
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While some articles mention general commitments, codes of conduct, and compliance with regulations like the German Supply Chain Due Diligence Act (LkSG),
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they do not provide the necessary quantitative metrics to score against the rubric's thresholds for Wacker Neuson SE.
Honest & Fair Business
-10
The company reported no major ethics-related fines (defined as ≥ €10,000) or non-monetary penalties in 2021, 2022, or 2023, and no fines for bribery or corruption violations in the reporting period.
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Wacker Neuson achieved an EcoVadis score of 68, placing it among the top 15 percent of all companies evaluated globally for sustainability performance, which includes ethics.
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A formal, web-based "Tell-it" whistleblower system (Speak Up Policy, version 08/2024) is accessible 24/7 globally, allowing anonymous reporting for all employees and third parties, with a prohibition against retaliation.
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The system is technically operated by an independent service provider.
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The percentage of legal entities examined for corruption/bribery risks was 25% in 2023, 35% in 2022, and 24% in 2021.
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The company achieved a top-15% ESG controversy score in the EcoVadis rating.
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For complaints, acknowledgement of receipt is provided within seven days, and feedback on follow-up measures is given within three months.
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A comprehensive anti-corruption policy is outlined in the Code of Conduct, which all employees must follow, and compliance training is mandatory every two years for all employees, with 100% coverage for at-risk functions.
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The company achieved a silver medal in the EcoVadis Rating with a score of 68, which includes an assessment of ethics.
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Kind to Animals
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No evidence available to assess WACKER NEUSON SE on Kind to Animals.
No War, No Weapons
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Wacker Neuson Group has a 'Declaration of Principles on Respect for Human Rights' and publishes reports in accordance with the German Supply Chain Due Diligence Act (LkSG) for 2023 and 2024.
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The company has Codes of Conduct for itself, suppliers, and sales partners, which codify bans on all categories of conventional arms.
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In 2022, no complaints of human rights violations were reported within the organization or its supply chain.
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Suppliers of raw materials containing tin, gold, tungsten, and tantalum are required to confirm at least once a year that these minerals are not sourced from non-compliant mines.
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Based on supplier feedback, Wacker Neuson has no indication that raw materials are sourced from non-compliant mines in conflict areas.
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The company focuses on the four 'conflict minerals': gold, tantalum, tungsten, and tin (3TG), and complies with U.S. SEC Regulation 1502 and EU Regulation 2017/82 regarding conflict minerals.
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Wacker Neuson relies on suppliers to identify the origin of conflict materials and declare product status.
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The company conducts annual reviews of its partners, with suppliers inspecting their source mines at least once a year, and has no identified conflict-sector partners.
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Planet-Friendly Business
-50
Wacker Neuson Group's Scope 1 and 2 CO2eq emissions were 19,589 tonnes in 2023, a 4.5% increase from 18,740 tonnes in 2022.
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The company has achieved a 66% reduction in Scope 1 and 2 emissions compared to 2019, exceeding its 2025 target of a 50% reduction.
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However, no total Scope 3 emissions data is provided. The company has a net-zero target for 2045, but this target is not yet validated by SBTi. In 2023, 4.67% of the company's capital expenditure was aligned with the EU Taxonomy.
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The new logistics center in Mülheim-Kärlich is targeting DGNB Platinum certification, but no overall percentage of green-certified buildings is available.
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The company's 2023 energy consumption was 105,759 MWh, but no specific percentage of renewable energy use is mentioned.
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Respect for Cultures & Communities
-30
For local procurement, 90% of procurement in the UK is sourced from other Wacker Neuson Group companies, indicating less than 10% is directed to local suppliers.
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Regarding cultural incident response, no complaints or suspected cases involving human rights violations within the organization or supply chain were reported in fiscal year 2022 or 2024, suggesting no incidents requiring a response.
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Safe & Smart Tech
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No specific, concrete evidence regarding Wacker Neuson SE's performance on data protection, cybersecurity, or responsible AI, as defined by the Safe & Smart Tech ethical value, was found in the provided articles. Information on data breaches, AI ethics governance, cybersecurity investment, privacy certifications, encryption implementation, or user data control is not available.
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Mentions of compliance with the German Commercial Code (HGB) and EU Taxonomy Regulation, or environmental and energy ISO certifications, do not pertain to privacy or cybersecurity regulations and practices.
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Zero Waste & Sustainable Products
-40
Wacker Neuson has not reported any waste disposal violations in the past two years.
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The company has a target to reduce specific production waste by 15% by 2030, relative to 2020.
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Additionally, Wacker Neuson is engaged in a project collaboration focused on circular battery design, refurbishment, and clean recycling, indicating some consideration of circular design principles.
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