Assurance Statement: carbon footprint of Metall Zug AG 2024
Swiss Climate was commissioned by Metall Zug AG (hereinafter called Metall Zug) to provide assurance on its 2024 carbon footprint data (Scope 1, 2 and 3) as well as the calculations for the retirement of CO2 certificates.
INTENDED USERS
The intended users of this assurance statement are the management and stakeholders of Metall Zug.
Metall Zug, with its headquarters at Industriestrasse 66, 6302 Zug, is a group of industrial companies comprising the Business Units Medical Devices, Technologycluster & Infrastructure and Investments & Corporate.
RESPONSIBILITIES OF METALL ZUG AND OF THE ASSURANCE PROVIDER
The management of Metall Zug has sole responsibility for the preparation and content of its carbon footprint and for the development and maintenance of its carbon management system, including the calculation of the reported carbon footprint.
This assurance statement represents Swiss Climate's independent and balanced opinion on the content and accuracy of the information resulting in the carbon footprint and environmental data held within.
ASSURANCE STANDARDS AND LEVEL OF ASSURANCE
Swiss Climate undertook the assurance in accordance with AA1000 Assurance Standard (AA1000AS v3) Type 2 moderate-levelassurance, covering:
- the evaluation of adherence to the AA1000 Principles of Inclusivity, Materiality, Responsiveness, and Impact (the Principles); and
- the reliability of carbon footprint data from Scope 1,2 and 3 emissions sources.
- the calculations for the retirement of CO2 certificates.
The information on which the carbon footprint is based has been selected based on the materiality determination and is meaningful to the intended users of the assurance statement. In addition, Swiss Climate used The Greenhouse Gas Protocol: A Corporate Accounting and Reporting Standard (Revised Edition, 2004) to evaluates Metall Zug's specified carbon footprint performance data and its adherence to the AA1000 Principles. Important criteria mentioned by the Greenhouse Gas Protocol considered during this assurance process are relevance, completeness, consistency, transparency and accuracy.
Bern - Geneva - Zurich - Hamburg contact@swissclimate.ch | www.swissclimate.ch | +41 31 343 03 30 | 1/4 |
CARBON FOOTPRINT: SCOPE, LIMITATIONS AND PROCESSES
Swiss Climate was commissioned to assure the carbon emissions data relating to Metall Zug's Greenhouse Gas accounting 2024.
Data period: The carbon emissions data cover the period from 1 January 2024 to 31 December 2024.
Organisational boundaries: Metall Zug took an operational control approach (GHG Protocol) to define the organisational boundaries. The organisational boundaries include all sites of the following Business Units:
- Medical Devices (Haag-Streit Group)
- Technologycluster & Infrastructure (Tech Cluster Zug AG, Urban Assets Zug AG)
- Investments & Corporate (Gehrig Group AG, Metall Zug AG)
Operational boundaries: Metall Zug considers Scope 1, 2 and 3 as part of the operational boundaries. More precisely, Metall Zug considers Scope 1 and 2 emissions from their operation of offices (heating, cooling and electricity), production sites and company cars. For Scope 3, only emissions from business travels (business flights, category 6) were considered.
Limitations: Metall Zug focuses in Scope 3.6 on business flights.
Process of activity data collection: The consumption and emissions data are collected annually under the responsibility of designated data collectors. The corporate sustainability responsible at the headquarter in Switzerland conducts plausibility checks.
Calculation of emissions: The total CO2e emissions are reported based on activity data multiplied by the corresponding emission factors.
Carbon Footprint: Swiss Climate has verified the following greenhouse gas emissions for the year 2024:
t CO2e | |||
Scope 1, Total | 1'785 | ||
Scope 2 | (location-based), Total | 1'060 | |
Scope 2 | (market-based), Total | 354 | |
Scope 3, Business Flights | 879 | ||
Total Scope 1 + Scope 2 | (location-based) + Scope 3 | 3'724 | |
Total Scope 1 + Scope 2 | (market-based) + Scope 3 | 3'018 | |
Bern - Geneva - Zurich - Hamburg contact@swissclimate.ch | www.swissclimate.ch | +41 31 343 03 30 | 2/4 |
DESCRIPTION OF ASSURANCE METHODOLOGY
Swiss Climate's assurance methodology included the following activities:
- Virtual meeting with Metall Zug on 19 February 2025, including:
- Verification of activity data accuracy, audit of standards, operational and organisational bounda- ries, data quality, methodologies, conversion factors and calculations used;
- Review of responsibilities, processes and systems used to gather and consolidate carbon footprint data;
- Discussion of specific greenhouse gas emissions and emission factors in Scope 1, 2 and 3; and o Verification of the calculations for the retirement of CO2 certificates.
- Desk review of the carbon footprint calculation files as well as the calculation files for the retirement of CO2-certificates and associated documentation; and
- Internal quality process.
Findings and Conclusions Concerning Adherence to the AA1000 Principles
PrincipleComments
Inclusivity: People should have a All business units, their management, sustainability officers as well as the
say in the decisions that impact holding company's management and the Board of Directors were actively | |
them | involved in the process of defining the climate target of Metall Zug. The |
Climate target meets the expectation of Metall Zug's stakeholders. Addi- | |
tionally, Metall Zug has regular exchanges with their customers and sup- | |
pliers on specific sustainability topics. |
Materiality: Decision makers should identify and be clear about the sustainability topics that matter
Metall Zug evaluates the relevance and significance of climate change to the company (e.g. risks and opportunities evaluation) and its stakeholders according to the TCFD recommendations and publishes the information in its annual report. Sustainability was identified as material, with focus topics on "climate & resources", "employees", "product & services", and "society & value creation".
Responsiveness: Organisations | Metall Zug, in order to respond to stakeholder interests, shows a commit- |
should act transparently on mate- | ment to reduce its GHG emissions, and therefore continuously imple- |
rial sustainability topics and their | ments a series of measures. Metall Zug reports its sustainability topics in |
related impacts | its annual report. |
Impact: Organisations should | Metall Zug monitors its actions through the annual carbon footprint, and |
monitor, measure, and be ac- | monitoring and controlling mechanisms for their measures are in place. |
countable for how their actions af- | Metall Zug has set a climate target and therefore takes into account the |
fect their broader ecosystems | global challenge regarding climate change. |
Nothing came to Swiss Climate's attention to suggest that Metall Zug's carbon management and carbon footprint does not adhere to the AA1000 Principles of Inclusivity, Materiality, Responsiveness and Impact.
FINDINGS AND CONCLUSIONS CONCERNING THE RELIABILITY OF THE CARBON FOOTPRINT
Swiss Climate planned and performed its work to obtain the information, explanations and evidence considered necessary to provide a moderate-level assurance that the carbon footprint emissions for the period from 1 January 2024 to 31 December 2024 are fairly stated.
Swiss Climate did not find evidence to insinuate that the processes and systems in place to collect the data and to calculate the carbon footprint are such that the company's carbon management performance would be erroneously described, and that the carbon footprint would not fulfil the criteria of relevance, completeness, consistency, transparency and accuracy.
Bern - Geneva - Zurich - Hamburg contact@swissclimate.ch | www.swissclimate.ch | +41 31 343 03 30 | 3/4 |
FURTHER RECOMMENDATION
Some small methodological improvements have been communicated through a report directly to Metall Zug's sustainability management for consideration in future carbon footprints.
ASSURANCE PROVIDER
Swiss Climate, headquartered in Bern, is a leading consultancy and service provider in the area of CO2 management and sustainability. Our interdisciplinary team is made up of experts from the fields of environmental science and technology, economics, sustainability and corporate social responsibility (CSR). Swiss Climate has already established and verified more than 200 corporate carbon footprints. Therefore, Swiss Climate's team has the relevant professional and technical competencies and experience to conduct an assurance to the AA1000 standard (AA1000AS v3).
Swiss Climate has not provided any services to Metall Zug that could conflict with the independence of this work, and therefore is able to provide an independent and impartial statement.
Bern, 28 February 2025
Leading Auditor: | Internal Review: |
Sina Baranyai, Swiss Climate AG | Franziska Kastner, Swiss Climate AG |
Bern - Geneva - Zurich - Hamburg contact@swissclimate.ch | www.swissclimate.ch | +41 31 343 03 30 | 4/4 |