Geberit AG

The review of adherence to the Geberit Code of Conduct in all organisational units and in interviews conducted by the Internal Audit Department with managing directors on topics from the Code of Conduct resulted in the discovery of one significant breach, which was investigated. [...] Processing of enquires from various countries on the permissibility of marketing and sales campaigns under competition and antitrust legislation. [...] Revision and roll-out of the eLearning programme on antitrust legislation at management level and in all European sales companies. A further audit was carried out on antitrust legislation. [...] Start of roll-out of an EHS (Environment, Health and Safety) compliance tool in five production plants in Switzerland, Poland and Ukraine. [...] Data protection audits to be carried out and further development of compliance with data protection. [...] Revision and roll-out of the eLearning programme on antitrust legislation for markets outside Europe. [...] Further antitrust audits to be carried out by Corporate Legal Services in collaboration with the Internal Audit Department. [...] Further roll-out of the EHS compliance tool in production plants and logistics in Europe.

The impacts, risks and opportunities in terms of sustainability are discussed and reviewed by the Board of Directors and the Group Executive Board annually in connection with the sustainability report and the sustainability strategy. Results and the achievement of objectives are submitted to the Board of Directors and to the Group Executive Board for verification at least once annually. This also comprises the  TCFD Reporting, the  SDG Reporting and the internal Geberit Compliance Report, including the audit results with respect to adherence to the Code of Conduct. [...] Key figures on energy and CO2 are presented monthly and key figures on occupational safety quarterly to the Group Executive Board. They are presented on a regular basis to the Board of Directors.

The impacts, risks and opportunities in terms of sustainability are discussed and reviewed by the Board of Directors and the Group Executive Board annually in connection with the sustainability report and the sustainability strategy. Results and the achievement of objectives are submitted to the Board of Directors and to the Group Executive Board for verification at least once annually. This also comprises the  TCFD Reporting, the  SDG Reporting and the internal Geberit Compliance Report, including the audit results with respect to adherence to the Code of Conduct. [...] The Geberit Group has a risk management system that is approved by the Board of Directors. The risk policy defines a structured process according to which the business risks, including sustainability and climate risks, are systematically addressed. In this process, the risks are identified, analysed and assessed in terms of their probability of occurrence and extent, and measures are then defined to control the risks. Operationally, the Group Executive Board is responsible for controlling risk management. In addition, responsible persons are designated in the company for significant individual risks; in the case of sustainability and climate risks, this is the Head Corporate Sustainability and Process Management. These responsible parties decide on specific actions for risk management and monitor their implementation. The Internal Audit Department coordinates the risk management process and issues a risk report for the attention of the Board of Directors every other year. Significant risks are also constantly discussed in the meetings of the Group Executive Board and Board of Directors, which take place on a regular basis.

For an overview of donations and financial contributions, see Infrastructure investments and promoted services. All donations are neutral from a party political point of view. No donations were made to parties or politicians. This is ensured globally as part of the annual audit of the Code of Conduct.

Describe the process(es) your organization has in place to ensure that your engagement activities are consistent with your overall climate change strategy[…]Geberit engages in a selective manner with regard to policy matters and focuses on engagements that are aligned with our strategy. This ensures that our direct and indirect
activities as well as memberships and other engagements are aligned with the sustainability strategy. No support is given to political parties or politicians. Participation in the
political process is confined to membership in certain associations and is therefore limited.
The highest level of direct responsibility for climate-related issues lies with Geberit's Board of Directors, which also determines the strategy. This includes the corporate
strategy as well as the sustainability strategy and CO2 stategy of the group, comprising climate-related issues and targets, covering all key areas of the company and
geographies. The Board of Directors has assigned the operational management and the implementation of the strategy to the CEO. The CEO is responsible for the
implementation of the sustainability strategy, comprising climate-related issues and targets. For over 20 years, Geberit has had an Environment and Sustainability
department, which has been reporting directly to the CEO. Among other things, it coordinates the further development of the sustainability strategy, and related activities,
although the responsibility for planning and implementation lies within the individual areas themselves. The monitoring of climate-related issues belongs to the responsibilities
of the Head Corporate Sustainability and Process Management and the Sustainability department.
In addition, Geberit periodically consults an external Stakeholder Panel (for the fifth time in 2020). Its mandate consists of providing feedback on the materiality analysis,
sustainability performance, sustainability strategy and sustainability communication as well as on opportunities and risks associated with climate change. The external panel
summarised the results in a panel statement. The response from Geberit to the panel statement illustrates how the recommendations are being taken into consideration in the
further development of the sustainability strategy and reporting.
Overall, this approach ensures that all our activities that influence policy are congruent with our overall strategy, and that there is a high level of consistency in place regarding
Geberit's climate change strategy, and a common approach to multiple climate engagement activities across business areas and geographies.

Does your organization have a public commitment or position statement to conduct your engagement activities in line with the goals of the Paris Agreement?[…]Yes