TCFD: Metrics and Targets
GRI 3-3: Management of material topics
TCFD: Governance
TCFD: Strategy
TCFD: Risk Management
GRI 3-3: Management of material topics
GRI 302: Energy 2016
GRI 305: Emissions 2016
Climate change mitigation and climate change adaptation are key material topics within Cicor’s sustainability strategy and reporting framework. In line with the principle of double materiality, the Company addresses climate-related risks and opportunities, recognising both the impact of its activities on the environment and the financial risks that climate change poses to its business.
Cicor’s climate adaptation approach focuses on strengthening the resilience of its business against the physical and transitional impacts of climate change. Climate risk assessments are conducted to identify vulnerabilities across operations, infrastructure, and the supply chain. The identified climate-related risks are integrated into the Company’s enterprise risk management framework.
In 2025, Cicor further advanced its climate adaptation efforts by embedding short-, medium-, and long-term climate considerations into its strategic planning and risk mitigation measures. This included evaluating potential impacts on production continuity, logistics, energy supply, and site-level infrastructure, as well as defining actions to reduce exposure and enhance preparedness.
By addressing climate change mitigation and adaptation in parallel, Cicor reinforces a holistic and forward-looking approach to climate action. These efforts reduce environmental impact while safeguarding operational resilience, financial performance, and long-term viability. Progress and targets are tracked and reported in line with recognised sustainability and reporting frameworks, ensuring transparency and accountability in Cicor’s climate strategy.
GRI 302: Energy 2016
GRI 305: Emissions 2016
As an electronic manufacturing services provider, Cicor is exposed to environmental risks related to energy consumption, emissions, regulatory requirements, and supply chain transparency. Rising energy costs, stricter or changing environmental regulation, and physical climate risks may affect operations, margins, and business continuity.
At the same time, reducing the environmental footprint creates opportunities to improve efficiency, lower energy-related costs, and strengthen resilience. Investments in energy efficiency and renewable energy sourcing support regulatory compliance and enhance Cicor’s competitiveness, particularly in markets driven by sustainability. By actively managing environmental risks and opportunities, Cicor is able to reduce its footprint while creating long-term value for customers and stakeholders.
TCFD: Strategy
TCFD: Metrics and Targets
GRI 302: Energy 2016
Energy consumption is a material aspect of Cicor’s environmental footprint. As a provider of electronic manufacturing services, the Company’s operations rely on a stable and efficient energy supply to ensure continuity of production and product quality.
Cicor is continuously working to reduce energy consumption through efficiency measures, process optimisation, and modernising equipment and infrastructure. Energy performance is monitored at site and Group level to identify potential areas for improvement and support data-driven decision-making. In parallel, Cicor increases the share of renewable energy used across its operations in order to reduce emissions and exposure to energy price volatility.
By improving energy efficiency and optimising energy sourcing, Cicor aims to lower its environmental impact, enhance operational resilience, and support progress towards its climate mitigation targets. Detailed energy consumption data for the years 2023 to 2025 is provided in the table hereinafter. In 2025, Cicor reduced its energy consumption compared to revenue by 5%. Aligned initiatives supported the Company’s strategy. Defined key initiatives are supporting the further reduction of energy consumption across the company.
in MWH | 2025 | 2024 | 2023 |
Total energy consumption | 36 452 | 35 967 | 30 538 |
Electricity | 29 362 | 29 981 | 26 031 |
Of which from renewable sources | 32% | 28% | 19% |
Total self-produced electricity | 1 958 | 1 064 | n/a |
Total self-produced electricity of which consumed | 1 531 | 1 064 | n/a |
Total self-produced electricity sold to grid | 427 | n/a | n/a |
Natural gas | 4 131 | 3 398 | 2 800 |
District heating | 1 213 | 1 531 | 1 414 |
Biogas for heating | 48 | n/a | n/a |
Heating oil | 0 | 0 | 142 |
Liquefied petroleum gas | 167 | 122 | 83 |
_Data on energy consumption covers all Cicor sites if not stated otherwise.
_n/a: Stating that data was not available for this year.
TCFD: Strategy
TCFD: Metrics and Targets
GRI 3-3: Management of material topics
GRI 305: Emissions 2016
As part of its climate mitigation strategy, Cicor has communicated a target to reduce its greenhouse gas emissions from its own operations (Scopes 1 and 2) by 30% by 2030, based on emission consumption in 2024. This target reflects the Company’s commitment to contributing to global climate goals and achieving a reduced, balanced carbon footprint. In 2025 the overall emission intensity was reduced to 28% compared to the Company’s revenue.
in tCO2 eq | 2025 | 2024 | 2023 |
Scope 1 GHG Emissions |
| ||
Percentage of scope 1 GHG emissions from regulated emissions trading schemes | 0% | 0% | 0% |
Company vehicles | 240 | 205 | n/a |
Stationary combustion | 0.1 | 0.07 | 641 |
Fugitive emissions | 70.61 | 70.93 | n/a |
Gross scope 1 GHG emissions | 311 | 276 | 641 |
Scope 2 GHG Emissions |
| ||
Purchased electricity, location-based | 12 853 | 12 674 | 11 068 |
Purchased heat, steam and cooling, location-based | 2 037 | 1 817 | 254 |
Gross location-based scope 2 GHG emissions | 14 890 | 14 491 | 11 322 |
Gross market-based scope 2 GHG emissions | 14 258 | 13 873 | n/a |
Scope 3 GHG emissions | |||
Purchased goods and services EMS | 31 967 | 70 149 | n/a |
Purchased goods and services AS | 796 | 81 184 | n/a |
Fuel and energy-related activities (not included in scope 1 or scope 2) | 0 | 0 | n/a |
Business travel | 668 | 305 | n/a |
Waste | 347 | 454 | n/a |
Waste Water | 33 | n/a | n/a |
Transportation & Distribution (Upstream) | 2 493 | n/a | n/a |
Transportation & Distribution (Downstream) | 1 691 | n/a | n/a |
Packaging Purchased | 1 209 | n/a | n/a |
Repair & Maintenance | 450 | n/a | n/a |
Capital Goods | 1 104 | n/a | n/a |
Upstream Leased Assets | 10 | n/a | n/a |
Total gross indirect (scope 3) GHG emissions | 40 778 | 152 092 | n/a |
Total location-based GHG emissions | 55 979 | 166 874 | 11 693 |
Total market-based GHG emissions | 55 347 | 166 309 | n/a |
_To calculate the Cicor Scope 1 to Scope 3 emissions, emission factors of ADEME, DEFRA, and ECOINVENT have been used. The company used the cradle-to-gate methodology.
_Data on emissions covers all Cicor sites if not stated otherwise.
_Data for waste does not include Cicor Nordic Engineering and Cicor Tunisia due to accuracy level.
_n/a: Stating that data was not available for this year.
To support the achievement of this target, Cicor is implementing a range of concrete initiatives across its sites that are tailored to local conditions and operational requirements. These initiatives include energy efficiency upgrades in production equipment and building infrastructure, the optimisation of heating, ventilation and compressed air systems, the gradual electrification of selected processes, and the expansion of on-site renewable energy generation where technically and economically feasible.
These measures are supported by enhanced data quality and monitoring capabilities, which enable transparent tracking of progress and facilitate informed management decisions. Cicor’s climate adaptation approach focuses on strengthening its business’ resilience against the physical and transitional impacts of climate change. Climate risk assessments are conducted to identify vulnerabilities across operations, infrastructure, and the supply chain. Identified climate-related risks are integrated into the Company’s risk management framework. In 2026, Cicor will further advance its climate adaptation efforts by embedding short-, mid- , and long-term climate considerations into strategic planning and risk mitigation measures. This includes evaluating potential impacts on production continuity, logistics, energy supply, and site-level infrastructure, as well as defining actions to reduce exposure and enhance preparedness.
TCFD: Metrics and Targets
GRI 3-3: Management of material topics
GRI 306: Waste 2020
Cicor is committed to the responsible management of water resources across its operations. Water is used primarily for production processes, cleaning activities, and general site infrastructure. To reduce consumption and protect local water availability, sites monitor usage trends, and implement measures to improve efficiency where relevant. These measures may include process optimisation, equipment upgrades, leak prevention, and raising employee awareness. Where applicable, Cicor promotes responsible wastewater handling and ensures that discharges comply with local legal requirements and permit conditions. Progress and improvement opportunities are reviewed at site level to support the continuous reduction of resource use and environmental impact. In 2025, overall water consumption was reduced by 15% compared to net sales.
2025 | 2024 | 2023 | |
Water consumption in cubic meters | 96 745 | 106 167 | 77 432 |
Increase or decrease of water consumption in % compared to net sales | –15% | –3% | n/a |
_Data on water consumption covers all Cicor sites if not stated otherwise.
_n/a: Stating that data was not available for this year.
Cicor aims to minimise waste generation and promote responsible waste handling throughout the Group. Waste streams mainly include production-related materials, such as packaging, metals, plastics, and electronic components, as well as office and operational waste. Sites apply waste segregation practices to enable recycling and appropriate disposal, supported by licensed external waste management partners. Cicor prioritises waste prevention by improving processes, material efficiency initiatives, and reusing packaging or materials where feasible. Hazardous waste is managed in accordance with legal requirements and internal standards, with a focus on safe handling, storage, and disposal. Waste performance is monitored at site level and targeted actions are implemented to reduce waste volumes and increase recycling rates over time. Over the past three years, waste management has improved significantly at Cicor, reflected in an increasing recycling rate of 1.5% in 2025 compared to 2024. Additionally, overall waste generation has decreased by 2%.
2025 | 2024 | 2023 | |
Waste in metric tons | 1 139 | 1 159 | 900 |
General waste | 953 | 912 | 671 |
– Incineration | 236 | 224 | 149 |
– Landfill | 37 | 28 | 12 |
– Recycling | 679 | 660 | 510 |
Special Waste | 186 | 247 | 229 |
_Data for waste does not include Cicor Nordic Engineering and Cicor Tunisia due to accuracy level.
Specifically looking into the waste categories, it becomes evident that waste segregation performance is continuously improving. Local sites are further enhancing their processes through targeted measures such as improved tracking systems, optimised separation schemes, and dedicated awareness training programs to strengthen employee engagement and compliance.
Waste categories per type in metric tons | 2025 | 2024 |
Paper waste | 39 | 28 |
Cardboard waste | 223 | 265 |
Non-hazardous waste | 691 | 619 |
Hazardous waste | 186 | 247 |
_Data for waste does not include Cicor Nordic Engineering and Cicor Tunisia due to accuracy level.
GRI 302-4: Reduction of energy consumption
GRI 305: Emissions 2016
Multiple sites within Cicor have implemented strong initiatives and improvements in support of Cicor’s emission reduction journey as also shown in the table below. From 2026 onwards, the Company will introduce a more structured strategic governance approach to these initiatives, including systematic impact analysis and performance monitoring, to ensure alignment, scalability, and that all sites remain on track to achieve the Group’s emission reduction targets.
Location | Initiative |
Cicor Bronschhofen | Increase of renewable share in energy consumption from 6% in 2024 to 20% in 2025 by implementing Power Purchase Agreement (PPA). |
Cicor Boudry | Increase of renewable share in energy consumption from 6% in 2024 to 18.1% in 2025 by implementing PPA. |
Cicor Wangs | Increase of renewable share in energy consumption from 6% in 2024 to 28.1% in 2025 by implementing PPA and supported by self produced energy through solar panels. |
Cicor Newport | Disconnected from gas meter per 2025 to support 100% renewable energy usage, electrical car fleet to support Scope 1 emission reduction journey. |
Cicor Vietnam | Implementation of key KPIs to track environmental reduction journey in local production including energy consumption with ambition of a reduction of 10% per year. Implementation of equipment efficiency controls for production including awareness training for employees. |
Cicor Hartlepool | Replacement of double glass windows to lower consumption especially through heating. All individual electric heaters have been removed. |
GRI 302-4 Reduction of energy consumption
GRI 305: Emissions 2016
Cicor plans to fully implement a structured strategic initiative plan across all local sites to further strengthen the achievement of its environmental goals. This framework will enhance alignment, transparency, and performance monitoring at Group level, ensuring that environmental measures are consistently managed and scaled across all operations.
Through these targeted measures, Cicor intends to reinforce its long-term environmental roadmap and ensure measurable progress towards its sustainability ambitions.
Target | Description | Status |
Reduce emission consumption across Cicor Group by 5% compared to revenue. | Reduction of Energy Consumption by 5% compared to revenue looking at the 2024 baseline. | achieved |
Increase split of renewable energy to 32% across Cicor Group. | Renewable Split was increased to 32% across Cicor group entities with targeted local initiatives. | achieved |
Improve methodology for environmental data reporting with specific focus to scope 3 to create more accuracy on data. | Scope 3 emission reporting extended and aligned with GHG reporting methodology. All sites included into Scope 3 Category reporting as part of integration journey. | achieved |
Implement strategic initiative plan for local sites to support Cicor environmental goals. | Site level initiatives aligned including increase of renewable split and adaption of self-produced energy consumption possibilities. Roadmap to be finalised in 2026. | partly achieved |
A key priority for 2026 will be to further increase the share of renewable energy to 37%, representing an additional 5% improvement compared to the previous year. This target will be supported by structured energy procurement strategies, including the expansion of renewable electricity contracts, on-site generation projects where feasible, and closer collaboration with energy suppliers to secure long-term sustainable sourcing agreements. In addition, energy consumption patterns across sites will be systematically monitored to identify further efficiency opportunities and ensure optimal integration of renewable sources into operational processes.
In parallel, Cicor aims to reduce emission in Scope 1 and Scope 2 by 5% relative to revenue, reinforcing its commitment to the Environmental Objective 2030 to decoupling business growth from environmental impact. This objective will be driven by a comprehensive approach combining operational efficiency measures, targeted investment in energy-efficient technologies, process optimisation in production, and enhanced data transparency through harmonised emissions tracking systems.
Clear responsibilities at site and Group level, regular performance reviews, and defined interim milestones will ensure accountability and consistent progress. Through these strengthened governance mechanisms and data-based steering processes, Cicor intends to solidify its pathway toward long-term emission reduction and climate resilience.