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Ganz Publishes Its 1st ESG Report

Manufacturing

Ganz's Tápiószele unit

For the first time, Ganz Transformers and Electric Rotating Machines has published an ESG report describing its efforts to operate sustainably and, as part of this, to reduce greenhouse gas emissions, according to a press release sent to the Budapest Business Journal.

In addition to developing sustainable products and services, Ganz launched its Energy Use Optimisation Program in 2023 with the primary goal of reducing natural gas consumption, thereby decreasing the company's dependence on fossil fuels.

An ESG report is a document published by a company or organization that summarises the company's environmental, social, and governance aspirations and objectives. It enables companies to transparently communicate their key sustainability issues in a way that is understandable and easily accessible to investors, customers and business partners. ESG reporting is now a must for energy and manufacturing companies, which is why Ganz has published its previous year's report for the first time this year, the company tells the Budapest Business Journal.

In addition to the development of sustainable products and services, a major milestone in Ganz's history was the launch of a comprehensive energy optimization program in 2023, with the primary aim of reducing natural gas consumption and thus cutting back Ganz's dependence on fossil fuels. As part of the programme, the company has built a 2 MW solar power plant next to its plant in Tápiószele, which is expected to be operational in the second quarter of 2024. The solar farm, which covers an area of 3 hectares, will supply renewable electricity to both the company's transformer and rotating machine factories.

The company is currently able to use around 60% of the electricity generated by the small-scale solar power plant, but the use of the solar park's energy can be increased by installing natural gas drying technology, electrifying the heating of the production halls, and installing additional electricity consumers, as well as a unique energy storage system combining NAS and lithium-ion battery technology. Ganz aims to reduce the use of fossil fuels by 30% by 2030 and to replace them completely by 2050.

The company’s goal is to also decrease the amount of waste generated in production, increase the use of recyclable materials, and shorten and make supply chains more sustainable. To this end, Ganz resumed the production of welded steel structures for transformers in Szolnok for the Tápiószele plant in June 2023. The reopening of the Szolnok plant was an important step in the life of Ganz, as it reduced supply risks, improved quality assurance and the competitiveness of the manufacturing process, while re-employing former employees, the company adds.

The company adds that it places great emphasis on the safety of its employees, as well as designing its products to minimise health and safety risks to users. Quality is assured by a testing laboratory accredited to the international standard ISO 17025. To achieve its objectives, Ganz strives to maintain a clear and simple organisational structure with as few hierarchical levels as possible. The Group also aims to provide sustainability training for employees and improve cyber security, data management and information security.

"We are proud to have produced our first Sustainability Report, which both presents our sustainability achievements to date and sets out our short and long-term goals in this field. None of this would have been possible without our excellent team of experts, who play a key role in enabling Ganz to offer innovative solutions in the field of energy equipment manufacturing that are both sustainable and competitive," said Jan Prins, managing director of Ganz Transformers and Electric Rotating Machines.

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