Internal CO2 Fund

Lowering CO2 emissions is a key element of the sustainability strategy of Metall Zug, whose long-term vision is carbon-neutral production. Initially, CO2 neutrality is to be achieved for production operations at the Zug site and for the entire Technologycluster in Zug. The Metall Zug Group’s producing Swiss companies have signed an agreement on objectives with the EnAW (Energy Agency of the Swiss Private Sector) committing to continually reduce CO2 emissions by means of business measures.

To additionally motivate the Business Units to take sustainable business decisions, the main production companies have signed up to a contractually agreed internal CO2 levy since 2018. At CHF 120 per tonne of carbon dioxide, the Group’s own levy corresponds to the maximum rate set by the Swiss Parliament in the CO2 Act.

The proceeds from the CO2 levy flow into a common fund and are earmarked for investment in additional climate protection measures that are as local and closely aligned with the company’s intentions as possible. Since the introduction of the internal levy effective 2018, the Business Units have paid around CHF 2.0 million into the fund in a gradually expanding scope. V-ZUG continues to contribute to the CO2 fund even following its spin-off in mid-2020.

Ecological and social objectives have been added to the application forms for investments.