With its products and services, Vossloh makes an important contribution to the sustainable mobility of people and the transport of commodities.
Rail transport has a future – both for freight haulage and long distance and local passenger travel. Ultimately ever more goods must be transported as a result of international division of work. And the demand for individual mobility is increasing – particularly in rapidly growing economies. Urbanization is continuing to progress: since 2007 more than half of all people worldwide live in towns and cities. The distance between living, working and leisure has created huge commuter traffic. Mobility can only be sustainably guaranteed in crowded areas with the aid of high-performance mass transport systems, which themselves require a small transport area – by rail.
The Vossloh Group places great value on sustainability, tackling the daily challenge of making rail transportation safe, profitable and environmentally compatible. Because Vossloh achieves a significant part of its sales with products and services that contribute to environmentally sustainable solutions, Vossloh is also appropriate for investors with a sustainability focus.
The EU Taxonomy Regulation reporting obligations were to be implemented for the first time for the 2021 fiscal year. This is a standardized classification system for defining ecologically sustainable economic activities. Please see a brief summary of the results below. Detailed information on EU Taxonomy requirements as well as a comprehensive and detailed description of the implementation at Vossloh can be found here . As all business activities can be classified under infrastructure for rail transport (Section 6.14. of the Delegated Act on the Taxonomy Regulation of June 4, 2021), 100 percent of the sales revenues are deemed taxonomy-eligible for the year under review. The taxonomy-aligned sales revenues, which were already determined by Vossloh before the official reporting requirement and which concern sales related to electrified lines, accounted for 62 percent of the Vossloh Group’s total sales in 2021.
For many years, rating agencies have assessed and recognized Vossloh’s sustainability performance on a regular basis. Among other things, the Company currently has “prime status” according to ISS ESG, which places Vossloh in the top 10 percent of its sector. EcoVadis has also awarded Vossloh silver status, and the score obtained means the Company ranks among the top ten percent of all companies assessed. MSCI ESG Research has awarded Vossloh an A rating (on a scale from AAA to CCC) for its sustainability efforts. Such rankings play a special role for Vossloh: The Company was one of the first companies in Germany to place a sustainability-oriented hybrid note at the beginning of 2021. The redemption amount of the note is linked to the Company’s sustainability performance as measured by ISS ESG and MSCI ESG Research ratings.
Since the beginning of 2020 Vossloh is an active participant of the UN Global Compact initiative. By supporting the principles of the UN Global Compact, Vossloh is once again outlining its contribution to achieving the global Sustainable Development Goals (SDGs) by 2030.