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Sustainability

Our aim: 
Net-Zero until 2050 ¹ 

Sustainability 

Trusted Partner for sustainability

For almost 150 years, it has been a matter of course for us to take responsibility. In recent years, our stakeholders’ expectations to contribute to a sustainable development have steadily increased. Therefore, economic, ecological and social aspects are taken seriously by RENK and are core elements of all our business activities. 

We seek to contribute to an economically stable and ecologically responsible development of our society. We believe that this creates a clear benefit for our employees, society and our customers.

RENK Building blue sky and sun

Our sustainability strategy

RENK believes it has a responsibility to contribute to the economically stable and ecologically responsible development of our society. As a supplier of propulsion technology for military vehicles and naval vessels, RENK makes a significant contribution to safeguarding freedom, democracy and security. With the involvement of the Executive Board and Supervisory Board, RENK has therefore committed itself to the Sustainability Strategy 2025 and the definition of four areas of action that will contribute to a sustainable and future-proof world:

Social responsibility through product quality and safety

  • Our products ensure the framework conditions for liberal, democratic, social, ecological and economic sustainability.

Reducing emissions from our own operations

  • We consistently drive forward the reduction of greenhouse gases in our own operations.

Promoting health, safety and inclusion in the workplace

  • We create a workplace for our employees that supports health and safety and promotes inclusion.

Resilient corporate governance

  • We are a systemically relevant and reliable partner and act sustainably and responsibly at all levels of the company.

Against this backdrop, ecological, social and societal sustainability are key components of RENK's corporate strategy. RENK is largely guided by internationally recognized instruments such as the Sustainable Development Goals (SDGs), the UN Global Compact, the UN Declaration of Human Rights, the OECD Guidelines and the internationally recognized United Nations Guiding Principles on Business and Human Rights.

Our sustainability targets

Graphic showing RENK's sustainability targets until 2050

Sustainability reporting according to CSRD

The Corporate Sustainability Reporting Directive (CSRD), which came into force in January 2023, is a European directive that obliges companies to prepare detailed sustainability reports. The aim is to promote transparency and comparability with regard to environmental, social and governance issues and to provide investors and the public with relevant information. For the first time, RENK has prepared its sustainability statement for fiscal year 2024 in full compliance with the European Sustainability Reporting Standards (ESRS). For more information on our commitment to sustainability, please see our sustainability statement, which can be found in the 2024 Annual Report.

The ESRS are uniform, detailed standards that companies must use to report on sustainability within the framework of the CSRD. They define the scope of reporting for companies' sustainability reporting.

Initiatives and ratings

RENK is actively involved in various initiatives and associations to promote a common understanding of sustainability:

RENK has been a participant of the <em>United Nations Global Compact</em> since 2022 and is committed to its ten principles in the areas of human rights, labour, anti-corruption and the environment.
RENK has been a participant of the United Nations Global Compact since 2022 and is committed to its ten principles in the areas of human rights, labour, anti-corruption and the environment.
In 2023, RENK signed the <em>Charta der Vielfalt</em> ⁴. Since then, we have been expressly committed to the CdV and its principles in order to promote a diverse and inclusive working environment.
In 2023, RENK signed the Charta der Vielfalt ⁴. Since then, we have been expressly committed to the CdV and its principles in order to promote a diverse and inclusive working environment.

Our sustainability activities are also assessed by rating agencies. These ESG ratings play an important role for RENK in the assessment of our sustainability activities:

<em>MSCI: </em><strong>"A"</strong> on a scale from AAA–CCC (2025)
MSCI: "A" on a scale from AAA–CCC (2025)
<em>Sustainalytics:</em><strong> "22.6 Medium risk" </strong>on a scale of: negligible risk (0-10), low risk (10-20), medium risk (20-30), high risk (30-40) and severe risk (40+) (2023)
Sustainalytics: "22.6 Medium risk" on a scale of: negligible risk (0-10), low risk (10-20), medium risk (20-30), high risk (30-40) and severe risk (40+) (2023)
<em>Ecovadis: </em><strong>"Committed" </strong>with 55 / 100 points (2024)
Ecovadis: "Committed" with 55 / 100 points (2024)
<em>S&P Global:</em> Global CSA score of <strong>34</strong> / 100 points with a benchmark average score of 30 (2024)
S&P Global: Global CSA score of 34 / 100 points with a benchmark average score of 30 (2024)

Previous sustainability reports 

See also our pages for diversity, corporate governance and compliance.

Diversity

Diversity

Corporate Governance

Corporate Governance

Compliance

Compliance

  1. In order to achieve the goals of the Paris Climate Agreement, emissions must be reduced to net zero by reducing avoidable emissions and offsetting remaining emissions. RENK is striving to achieve this in the context of production (Scope 1 and 2 emissions as defined in the GHG Protocol). RENK's ambition depends on the progress of the identified measures, includes offsets and is based on assumptions that RENK may not be able to influence and therefore may not be achievable.
  2. Global engagement score based on Gallup Q12 questions, where a score of >4 is considered very high
  3. Grading M1–M4
  4. https://www.charta-der-vielfalt.de/en/
contact

Team Corporate Sustainability

In case of any questions get in touch with us. We are happy to support and help.

Team Corporate Sustainability
Email
[email protected]

Team Corporate Sustainability