To underscore its commitment to sustainability, Phoenix Mecano is now publishing a sustainability report based on the Global Reporting Initiative (GRI) Standards.
To make the economic, social and environmental impact of its business activities both visible and comparable, Phoenix Mecano is now publishing a sustainability report in accordance with the GRI Standards. This comprehensive appraisal is based on standardised criteria, thus creating the Group-wide transparency that is so important for a decentralised business like Phoenix Mecano.
Phoenix Mecano pursues a long-term growth strategy based on growth drivers aligned with megatrends. It sees sustainable growth and profitability as essential for strengthening competitiveness, generating value and creating new jobs. Its decentralised corporate structure helps it stay close to customers, fosters continuous improvements in operational excellence, and enables it to maintain a lean cost base.
|in 1 000 EUR||Note||2021||2020|
|Net sales||809 590||682 126|
|Own work capitalised and other income||17 007||13 967|
|Cost of materials||− 450 936||− 361 685|
|Other operating expenses||A||− 87 339||− 78 212|
|Depreciation / amortisation||− 22 289||− 25 784|
|Other non-operating result||B||952||− 3 634|
|Value added||266 985||226 77|
|Lenders (net interest expense)||1,0||1,0|
|Companies (retained earnings)||F||8,6||− 0,1|
A Excluding capital taxes and other non-profit-related taxes
B Financial result excluding net interest expense plus share of result from associated companies
C Personnel expenses
D Current income tax, capital taxes and other non-profit-related taxes
E Dividends paid in the financial year and share repurchases under the share buy-back programme
F Result of the period less dividends already paid in the financial year and share repurchases under the share buy-back programme
At the social level, Phoenix Mecano’s commitment to sustainability can be seen in its behaviour towards its stakeholders. The company offers its employees a fair, safe work environment and a culture that recognises and harnesses individual potential. Likewise, when choosing its suppliers, Phoenix Mecano ensures that they treat their workers in a fair and lawful way.
To protect the environment and mitigate climate change, Phoenix Mecano strives to reduce its energy consumption and increase the proportion of renewable energy it uses for electricity, heating and mobility. In production activities, natural resources are used carefully to minimise the impact on the environment. Currently, twelve companies have ISO 14001 environmental management certification, and 40% of sites already have waste reduction strategies in place.