BAUMANN Releases Inaugural Sustainability Report in Accordance with GRI Standards

BAUMANN Releases Inaugural Sustainability Report in Accordance with GRI Standards

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15.03.2024.

Ermenswil, 15th March 2024 – BAUMANN Springs Ltd., a global leader in the manufacturing of springs, stamps, and stamped-bent parts, proudly announces the publication of its inaugural Sustainability Report 2023, prepared in accordance with the Global Reporting Initiative (GRI) standards. This milestone marks a significant step forward in BAUMANN's commitment to sustainability and transparent corporate reporting. The BAUMANN Sustainability Report 2023 provides stakeholders with comprehensive insights into BAUMANN's sustainability performance, initiatives, and goals. By adhering to the GRI standards, BAUMANN demonstrates its dedication to transparency, accountability, and responsible business practices.

"We are delighted to share our first Sustainability Report, which reflects our ongoing efforts to integrate sustainability into all aspects of our business," said Dr. Matthias Ch. Würsten, Head of Strategy & Communications at BAUMANN. "As a responsible corporate citizen, we recognize the importance of measuring, managing, and reporting our environmental, social, and governance (ESG) performance. This report represents a significant milestone in our sustainability journey and underscores our commitment to creating long-term value for our stakeholders." 

Key highlights of the BAUMANN Sustainability Report 2023 include:

  • Measurement of Scope 1 and Scope 2 greenhouse gas emissions (CO2e-emissions) as part of our commitment to mitigating climate change. 
  • Materiality assessment methodology and identification of four material topics: sustainable innovation, employee well-being and development, climate change, and business integrity. 
  • Detailed analysis and reporting on initiatives, progress, and future goals related to each material topic. 

The Sustainability Report 2023 is available in both German and English, reflecting BAUMANN's commitment to transparency and accessibility for stakeholders worldwide. It can be accessed on our website at www.baumann-group.com. For more information about BAUMANN's Sustainability Report 2023 and our commitment to sustainability, please visit www.baumann-group.com.

Contact:
Dr. Matthias Ch. Würsten
Head of Strategy & Communications
BAUMANN Springs Ltd.
Email: matthias.wuerstenbaumann-group.com

About BAUMANN:
BAUMANN is a global leader in the manufacturing of springs, stamps, and stamped-bent parts, serving the automotive, industrial, and medical sectors. With a commitment to excellence and innovation, BAUMANN continues to deliver high-quality products and solutions to customers worldwide. 

About the BAUMANN Sustainability Report 2023:
BAUMANN's inaugural Sustainability Report, prepared in accordance with GRI standards, provides stakeholders with comprehensive insights into our sustainability performance, initiatives, and goals. Available in both German and English, the report reflects our commitment to transparency, accountability, and responsible corporate citizenship. 

Acknowledgments:
This press release was partially created with the assistance of ChatGPT, an AI language model developed by OpenAI. ChatGPT provided support in drafting and refining the content to ensure clarity and accuracy.