INNIO Group's 2023 Sustainability Report: Progress in Implementing Corporate Sustainability Goals

JENBACH, Austria– April 29, 2024 – INNIO Group has published its Sustainability Report for 2023. Making progress together is the fourth annual non-financial report from INNIO Group.

The report documents INNIO Group's progress since defining its baseline goals in 2020, providing information on sustainability initiatives, projects, and metrics. In 2023, INNIO Group's total greenhouse gas emissions (Scope 1, 2, and 3) decreased by 1.3% or 76,340 metric tons of CO₂ equivalents compared to the previous year.

Significant progress also was made in the supply chain, with 80% of the top 200 suppliers committing to reduce their greenhouse gas emissions by 50% by 2030.

At the same time, the company continues to work towards creating a diverse and inclusive work environment. The proportion of female employees in INNIO Group increased by almost 4% compared to 2022 and by 7.5% over the last three years, reaching 18.1% at the end of 2023. This highlights INNIO Group's progress in all three defined core areas of sustainability:

• Low-carbon and circular products – supporting customers in their biggest challenges by providing innovative solutions that benefit people and the planet
• Supply chain and production resilience – incorporating ESG aspects of environment, social, and governance into INNIO Group's business activities, including transparent reporting on the company's performance
• Responsible operations and social responsibility – employing a diverse, inclusive, and engaged workforce that is committed to the community and improving their quality of life 

 

"Sustainability is key to a future-proof economy. Our entire INNIO team can be proud of last year's achievements," said Dr. Olaf Berlien, president and CEO of INNIO Group. "Initiatives like our 'Ready for H₂' technology are a central part of our corporate strategy. We promote sustainable solutions and drive the hydrogen economy and decarbonization in the energy sector."

Marcin Kawa, VP Sustainability at INNIO Group, emphasized INNIO Group's comprehensive approach to sustainability. "With the introduction of the ESG hub software last year, we can systematize processes around sustainability controls," said Kawa. "We are well positioned to significantly intensify projects for CO₂ reduction, circular economy, and efficient resource use."

In the "Progress and Performance" chapter and in an overview of the 2023 Sustainability Report’s key performance indicators, INNIO Group illustrates its collaborative approach to advancing the energy transition and decarbonization. Additionally, a separate section of the report addresses activities, initiatives, programs, and the concrete implementation of decarbonizing the energy sector while fostering employee growth.

 

About INNIO Group

INNIO Group is a leading energy solution and service provider that empowers industries and communities to make sustainable energy work today. With its product brands Jenbacher and Waukesha and its digital platform myPlant, INNIO offers innovative solutions for the power generation and compression segments that help industries and communities generate and manage energy sustainably while navigating the fast-changing landscape of traditional and green energy sources. INNIO is individual in scope, but global in scale. With its flexible, scalable, and resilient energy solutions and services, INNIO enables its customers to manage the energy transition along the energy value chain wherever they are in their transition journey.

INNIO is headquartered in Jenbach (Austria), with other primary operations in Waukesha (Wisconsin, U.S.) and Welland (Ontario, Canada). A team of more than 4,000 experts provides life-cycle support to INNIO’s more than 55,000 delivered engines globally through a service network in more than 100 countries.

In March 2023, INNIO’s ESG rating ranked first out of more than 500 companies worldwide in the machinery industry assessed by Sustainalytics.

For more information, visit INNIO’s website at www.innio.com. Follow INNIO Group and its brands on X (formerly known as Twitter) and LinkedIn.

INNIO, Jenbacher, Waukesha and myPlant are protected, registered trademarks in the European Union and other countries, and may only be used by INNIO GmbH & Co OG, its affiliates, and its authorized licensees. This is an illustrative list and does not claim to be exhaustive.

In general, ‘Ready for H₂’ means Jenbacher plants can be converted to run on up to 100% hydrogen in the future. Details on the cost and timeline for a future conversion may vary and need to be clarified individually.

 

For more information, please contact:

Susanne Reichelt
INNIO Group
+43 664 80833 2382
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