Camfil Svenska receives Gold from EcoVadis

STOCKHOLM, SWEDEN, 22 June 2022: Camfil Svenska AB received a sustainability Gold Rating by EcoVadis, the company announced through a Press release. It can be difficult for companies to verify on their own and know for sure how sustainable they actually are. That is where EcoVadis plays a key role, Camfil Svenska said, adding that it decided to partner with EcoVadis to get a professional and independent appraisal of its sustainability level.

According to Camfil Svenska, EcoVadis’ methodology is built on international sustainability standards, including the Global Reporting Initiative (GRI), the United Nations Global Compact and ISO 26000. Companies all over the world rely on EcoVadis’ powerful technology platform for monitoring and improving their sustainability performance, Camfil Svenska said.

Camfil Svenska said that after a thorough assessment process, EcoVadis awarded it with a Gold Rating in the category, ‘Manufacturer of Special-Purpose Machinery Industry’.

“We are very pleased with the EcoVadis rating, especially since it confirms our commitment to sustainability and that we as a company are developing in the right direction,” said Åsa Lindström, Director Sustainability & Quality, Camfil Svenska.

To arrive at its sustainability ratings, EcoVadis applies a universal scorecard along with a number of performance improvement tools, Camfil Svenska said. “We performed well in the various categories,” Lindström said. “In the overall score, Camfil Svenska AB is in the top one per cent of companies rated by Ecovadis in the Manufacture of special-purpose machinery industry. In the Environment category, Camfil Svenska AB is among the top one per cent of companies rated by Ecovadis in the Manufacture of special-purpose machinery industry.”

According to Camfil Svenska, it is ranked in the top in other categories, as well:

• Among companies in the Manufacture of special-purpose machinery Industry, Camfil Svenska AB is in the top six per cent of companies for Labour and Human Rights category.
• Camfil Svenska AB is in the top six per cent of companies rated by Ecovadis in the Manufacture of special purpose machinery industry for Sustainable Procurement category and in the top four per cent of companies in the for the Ethics category.

Lindström said: “Working with EcoVadis helps us be more sustainable. Working with Ecovadis helps us and our stakeholders be more sustainable. We can share our score cards and improve together. We can share our score cards with stakeholders and improve together.”

Wilo reports achieving record sales

DORTMUND, Germany, 21 April 2022: The Wilo Group reported that it ended the fiscal year 2021 with record sales of nearly EUR 1.7 billion euros. Despite persistently difficult conditions, the Group said, it increased its sales revenue by 13.8%.

Earnings before taxes (EBITDA) also reached an all-time high of EUR 181.1 million, the company said. This represents an increase of more than 30%m, it added. “The pleasing results speak a clear language: The Wilo Group is ideally positioned to achieve sustainable, profitable growth, even in difficult times and under unfavourable economic conditions,” said Oliver Hermes, President and CEO, Wilo Group.

 Wilo said the unforeseeable situation in the middle of Europe and the Coronavirus pandemic, which has been ongoing for over two years, also intensified the global decoupling tendencies in the past financial year.

Multinational alliances are being called into question, economic cooperation structures are being dissolved, supply chains are being subject to sanctions and embargoes are being imposed, it said. “More and more, German and European companies are getting caught between the fronts of geopolitical disputes,” Hermes pointed out.

Wilo said it specifically has been encountering these developments for years and, to this end, further expanded its global presence in the past financial year. Among other things, Wilo said, it invested more than EUR 170 million in the construction and expansion of sales and production locations in the modernisation and expansion of production facilities, acquisitions and takeovers.

Wilo said that in line with the “region-for-region” approach, it strengthened the American market, among others. North America, in particular, has become one of the most important sales markets in recent years, it said, adding that the acquisition of QuantumFlo, Inc., a specialist in booster sets and intelligent pump systems, completed in fiscal 2021, consolidated its market position. In addition, new state-of-the-art production and administration buildings were, and are being, built in the United States, China and India, it said.

Today, Wilo said, it has a presence around the globe, through its global network of more than 80 production and sales companies. Hermes said this is another reason for the robust success in the past financial year.

In 2021, Wilo said, it also received awards for its commitment to combating climate change. Among them are the German Sustainability Award 2021, the Ecovadis Sustainability Rating in Gold, and the title of “Climate Pioneer” (Handelsblatt), which it said, are proof of its innovation leadership.

Wilo said it is regarded in the industry as one of the pioneers in climate protection and has set itself the goal of saving 50 million tons of CO₂ by 2025, thus making a substantial contribution to reducing emissions. Hermes said: “Wilo is also leading the way as a pioneer in the hydrogen era: As part of the implementation of our dedicated hydrogen strategy, the “H₂ Powerplant” will be open at the Wilopark in Dortmund. This will serve as a self-sufficient, decentralized, and regenerative solution for secure energy supply.”