Key figures for 2020

Economic performance indicators

2020 sales with social or environmental benefits


2020 sales with social or environmental benefits

% of total sales


Examples of identified benefits include but are not limited to: safe and hygienic potable water in buildings, safe and leak-free distribution of gas and chemicals to ensure fewer human and environmental accidents, light metals components (including components for electric and plug-in hybrid vehicles that reduce the vehicles’ weight and greenhouse gas (GHG) footprint), solutions that enable GF’s machining customers to manufacture their products in a more energy-efficient way.

Net value added 2020


1 Salaries and wages, employee benefits, and social security

2 Income taxes

Net value added to the Corporation was 0% as the dividends paid in 2020 were approximately at the level of the net income. 

Social performance indicators

Accident rate3

Per million hours worked

Target line

Employees by region


Accident rate3

Per million hours worked


Absence rate3

% of total days worked


Total employee fluctuation

In %


Please see the details in the section “Employees and society”

Environmental performance indicators

Energy efficiency index3

(production volume4 per energy consumption) in %

Target line

GHG emissions intensity index3

(CO2e emissions5 per production volume4) in %

Target line

Unrecycled waste intensity index3,6

(unrecycled waste per production volume4) in %

Target line

Water intensity index3

(water consumption per production volume4) in %

Target line

Please see the details in the section “Environment and energy”

Sustainability rankings

The Wall Street Journal

In 2020, The Wall Street Journal examined the sustainability performance of more than 5’500 publicly traded companies. GF ranked 9th among the world’s 100 most sustainably managed companies. The ranking is based on sustainability metrics for environmental protection, social and human capital, business model, innovation, and other areas. This high rating reflects GF’s years of sustainability efforts and the quality of its ESG disclosures to stakeholders.



In December 2020, London-based CDP awarded GF an A- rating (Leadership level) for its worldwide measures to reduce energy consumption, its prudent management of water as a resource, and its transparent disclosure of relevant information to outside stakeholders. This rating represents a one-level improvement from 2019 (B). GF also scored higher than the European and the Powered Machinery sector averages. The CDP 2020 reporting cycle covers activities from 2019. Environmental management has been a core element of GF’s sustainability program for many years.



In the 2020 cycle of external assessments triggered by requests from GF Piping Systems customers, the division earned a gold level EcoVadis sustainability rating.7 The award recognizes GF Piping Systems’ responsible approach to environmental protection, labor and human rights, ethics, and sustainable procurement. A score of 68 out of 100 points provides the division with an incentive to continue to improve in all of these areas and to aim for a higher score for 2021.


Ticker/Valor symbols

Telekurs, Dow Jones (DJT): FI-N
Reuters: FGEZn


Zurich, Switzerland: SIX Swiss Exchange ISIN: CH0001752309 Sustainability indices member: SXI Switzerland Sustainability 25®8 and Ethibel EXCELLENCE Investment Register 

3 Social and environmental index KPIs were restated due to the divestment of GF Casting Solutions’ iron foundry in Herzogenburg (Austria) and the application of a 50% equity share of a GF Piping Systems facility in China. The iron foundry is excluded in the target-relevant KPIs for all years.
4 GF’s divisions define production volume according to the nature of their particular businesses. GF Piping Systems defines it as “metric tonnes produced,” GF Casting Solutions as “gross value added” (operating income less the cost of materials and products, changes in inventory, and operating expenses), and GF Machining Solutions as “hours worked.”
5 For the purpose of this calculation, CO2e emissions = Scope 1 + Scope 2 market-based emissions.
6 Due to data quality improvement at one site of GF Casting Solutions, waste and recycling data changed slightly for 2018 and 2019. The corrections impact the progress to meet the annual unrecycled waste target. The specific values for both years changed, however the general development did not, i.e. the unrecycled waste target was achieved in 2018, but not in 2019.
7 EcoVadis is an internationally recognized market leader in providing a platform-based solution for the assessment of suppliers’ sustainability practices.
8 The index represents the top 25 companies ranked as most sustainable out of the SMI expanded index based on an assessment conducted by an independent sustainability rating agency.
9 The independent Belgian agency Forum ETHIBEL reconfirmed GF for inclusion in the Ethibel EXCELLENCE Investment Register effective 08/05/2020, indicating that the company’s sustainability performance is better than its sector average.