04. Jul 2022

WashTec steps forward with new sustainability program: 30% CO2 reduction by 2025.

WashTec AG / Key word(s): Sustainability
WashTec steps forward with new sustainability program: 30% CO2 reduction by 2025.

04.07.2022 / 11:00
The issuer is solely responsible for the content of this announcement.


WashTec steps forward with new sustainability program: 30% CO2 reduction by 2025.

Publication of Sustainability Report 2021

  • WashTec publishes a comprehensive sustainability program for the first time and announces greater integration of ESG/sustainability issues into corporate governance
  • WashTec provides transparent disclosure of sustainability targets and measures
  • Sustainability Report delivers insights into WashTec’s corporate culture embracing agility and diversity

Augsburg, July 2022 – WashTec aims to provide full transparency on its sustainable business activities, contributing towards addressing the challenges facing society today. To this end, WashTec has adopted a comprehensive sustainability strategy encompassing economic, environmental and social sustainability, which is presented for the first time in the Sustainability Report 2021. Proceeding beyond prior successes with environment-friendly carwash equipment, WashTec has published targets and measures for sustainable business activities.

Economic sustainability

WashTec is no newcomer to sustainability. A carwash with a water treatment system can wash and finish a car using around one-fifth of the fresh water needed for a carwash without water recycling. Three building blocks form the basis for sustainable car washing at WashTec. The wash process with numerous program settings to minimize resource use, washing chemicals in the form of Green Car Care products developed by WashTec subsidiary AUWA, and the water treatment system, which recirculates washing water in various process stages and cuts water consumption to a minimum. The formulations of our chemical products are based on renewable ingredients. Our certified label for this product series is called Green Car Care.

Environmental sustainability

In our operating activities, too, we are equally passionate about sustainability in terms of resources, energy, emissions and waste. We continuously improve our processes on the basis of regularly monitored performance indicators. An interdisciplinary environmental and energy team serving all sites is responsible for continuously analyzing environmental and energy-related issues during the year and for inferring and implementing measures to enhance sustainability. A major part in these activities is played by digitalization.

WashTec determined the carbon footprint for all Group production sites on the basis of DIN EN ISO 14064-1 for the first time in 2020. An important goal to which WashTec is committed is the reduction of CO2 emissions by 30% per t/€m revenue in the countries where we have production operations. WashTec supports sustainable initiatives and takes part in networks and agreements to work together with other companies in this regard. Among others, these include the Bavaria Environmental and Climate Pact. By participating in the Augsburg Economy Climate Pact, WashTec contributes to reducing CO2 emissions in the greater Augsburg area.

Social sustainability

Corporate policies geared to the needs of our workforce are a basis of our business and corporate success. For our journey to fully embed sustainability at WashTec, we work in cross-functional and cross-hierarchical teams. We call this approach Obeya@WashTech. It is based on the recognition that truly important ambitions and transformations can only be achieved by taking into account as many perspectives as possible from across the whole organization. We attach great value to working in trusting partnership with our employees. It is they who make our Company what it is.

Diversity is an important topic that we will make an even greater focus going forward. Sustainability means assuming responsibility, for ourselves and for others. And sustainability also presents a great opportunity for WashTec’s future. It is a pivotal topic for us. We see this report as a framework to prepare ourselves and our stakeholders for the future.

To conserve resources in publication of the report as well, we are not publishing a printed sustainability report. You can find all the information at www.washtec.de and access the Sustainability Report directly here.

 

About WashTec: The WashTec Group, based in Augsburg, Germany (www.washtec.de), is the leading provider of innovative solutions for carwash worldwide. WashTec employs over 1,700 people and is represented by its own subsidiaries in the core markets of Europe, the USA and Canada, as well as in China and Australia. In addition, WashTec is on the map in some 80 countries through independent dealers.

 

Inquiries and further information:

WashTec AG

Phone: +49 821 55 84-5555

Email: sustainability@washtec.com

 



Contact:
WashTec AG
Argonstrasse 7
86153 Augsburg

Tel.: +49 (0)821 - 5584 - 0
Fax: +49 (0)821 - 5584 - 1135


04.07.2022 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Language: English
Company: WashTec AG
Argonstraße 7
86153 Augsburg
Germany
Phone: +49 (0)821 55 84-0
Fax: +49 (0)821 55 84-1135
E-mail: washtec@washtec.de
Internet: www.washtec.de
ISIN: DE0007507501
WKN: 750750
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1389397

 
End of News DGAP News Service

1389397  04.07.2022 

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