- TAKRAF Group’s ESG performance helps clients and partners reduce emissions, water use and waste, all while maintaining high safety standards
- TAKRAF Group conducted double materiality analysis in consultation with both internal and external stakeholders
- TAKRAF Group is presenting its first Sustainability Report and as such already complies with the EU’s European Sustainability Reporting Standards (ESRS) according to the Corporate Sustainability Reporting Directive (CSRD)
In this first Sustainability Report, TAKRAF Group reports on the impact of its operations, products and services on Greenhouse Gas (GHG) emissions, pollution, water and resource use, circular economy and waste. Furthermore, TAKRAF Group presents policies and actions regarding social responsibilities, governance and compliance.
TAKRAF Group’s CEO, Thomas Jabs, points out that, “We prioritize helping our clients tackle sustainability challenges by offering energy-efficient solutions that reduce emissions, water use and waste, all while maintaining high safety standards. Our aim is to deliver solutions that add long-term value and help clients meet evolving environmental expectations.”
EU compliant reporting as an opportunity
In publishing its Sustainability Report for fiscal year 2023, TAKRAF Group has resulted in being one of the frontrunning companies in Europe to report according to the European Sustainability Reporting Standard (ESRS) which is the new standard of the EU’s Corporate Sustainability Reporting Directive (CSRD).
“Sustainability is not merely a regulatory obligation. It’s a core element of our corporate strategy. We recognize that the industry in which we operate increasingly, and correctly, values sustainable solutions and transparent reporting. This is why we view the early adoption of the EU’s reporting regulations as an opportunity,” commented Thomas Jabs .
The report is based on a double materiality analysis, i.e. an investigation of both, impact and financial materiality of environmental, social and governance topics. In conducting this analysis, TAKRAF Group engaged across its global internal and external stakeholder base. According to Thomas Jabs, this underlines that, “Our sustainability report is designed to reflect the expectations and feedback of our key stakeholders, including clients, employees, suppliers, and owner. By actively engaging with these groups, we ensure that our initiatives are in line with their priorities.”
TAKRAF Group’s reporting strategy combines methodological precision with readability
An EU compliant reporting scheme provides the basis for systematic strategic measures and communication on the most important ethical issues of our time. As such, TAKRAF Group has two reporting documents which address different readers:
- The “Sustainability Report”, which is both easily accessible and informative, provides readers with a quick overview of TAKRAF Group’s ESG performance without having to deal with methodological aspects.
- A “Technical Report”, compliant with EU’s ESRS, presents all the information on TAKRAF Group’s ESG performance and allows readers to develop a comprehensive understanding of data and methodology. Available upon request via info@takraf.com
TAKRAF Group will further enhance ESG reporting and strategic ESG measures
TAKRAF Group boasts a long and esteemed history as an engineering company at the foundation of modern society’s value chains. “This commitment to sustainability is deeply rooted in our history. Since our history dates back almost three centuries, we reflect on how our products and services have consistently addressed the fundamental challenges of each era. Our long-standing trust in the power of technology, combined with our expertise as engineers, has positioned us as a trusted partner for clients worldwide,” reflects Thomas Jabs.
Looking ahead, TAKRAF Group is committed to enhancing ESG reporting and developing strategic sustainability measures over the next three to five years. “As an engineering company, we are adept at designing innovative solutions and achieving exceptional performance. With the same dedication, we will continue to support our clients and employees while strengthening our governance,” concludes Thomas Jabs.
Further information:
See here for TAKRAF Group’s Sustainability Reporting for FY 2023: TAKRAF Group Sustainability Report 2023.
See here for images of TAKRAF Group and CEO, Thomas Jabs: Download pictures.
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