Key stakeholders

Engagement methods

Engagement priorities

Customers

  • Local on-site technical support through designated field application engineers (FAE)
  • Direct sales via specialized teams
  • Strategic partnerships with OEMs
  • Trade fairs, digital platforms, and industry events
  • Online feedback surveys on general satisfaction level with Sensirion (Echonovum)
  • Regular interactions with key customers and Sensirion’s executive managers
  • Annual partnership event with global distribution and channel partners to provide training and strategic alignment
  • Our high-quality product offering and efficient delivery
  • Trust and long-term partnerships

Employees

  • Culture workshops in several locations to engage employees on Sensirion’s unique way of working together
  • Annual and semi-annual performance and well-being reviews for all employees
  • Frequent social events to foster Sensirion culture
  • Annual international sales meeting where all sales employees from all of our subsidiaries are invited to the headquarters for one week of training and engagement
  • SensiWeekend where all employees spend two days together in mixed groups for team building and fun
  • We hold global town halls at least once per quarter to share corporate updates from the Executive Board, omplemented by biweekly or monthly local town hall meetings at all sites for local employees.
  • Remuneration
  • Company strategy
  • Education and further training events
  • Occupational health and safety
  • Employees are offered transparency about the company’s goals, vision and important topics

Shareholders

  • We regularly attend investor meetings, calls, conferences and roadshows
  • We publish an Annual Report (including a Compensation Report) and an Interim Report
  • The company biannually organizes a meeting for media and financial analysts and holds an Annual General Meeting every year
  • Financial information including shareholder returns, management structure, economic development, strategy, remuneration system, new products and economic outlook

Suppliers

  • Initial contact within the scope of the assessment procedure and implementation of the Code of Conduct
  • Regular performance monitoring (two times per year for all category 1 suppliers)
  • Approximately 5 % of the supplier base is audited each year
  • Order volume
  • Risk assessment and mitigation
  • Price and contract negotiations
  • Sustainable and long-term technological and commercial roadmap

Local communities and universities

  • Long-term partnerships with ETH through research collaborations, trade fairs and guest lectures
  • Participation in local educational initiatives and STEM programs
  • Talent development and employer branding
  • Supporting education and fostering innovation
  • Promoting STEM education

Regulatory bodies e.g. WELL, RESET

  • Regular audits and certification process
  • Technical collaboration during product development
  • Ensuring product compliance with health, safety and environmental standards
  • Staying ahead of regulatory changes

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GRI Standard

Disclosure

Omission

Materiality assessment and list of material topics

GRI 3: Material Topics 2021

3-1 Process to determine material topics

3-2 List of material topics

Economic performance

Growth

GRI 3: Material Topics 2021

3-3 Management of material topics

GRI 201: Economic Performance 2016

201-1 Direct economic value generated and distributed

Sustainable innovation

GRI 3: Material Topics 2021

3-3 Management of material topics

Environment

Circular economy

GRI 3: Material Topics 2021

3-3 Management of material topics

GRI 301: Materials 2016

301-1 Materials used by weight or volume

Climate protection

GRI 3: Material Topics 2021

3-3 Management of material topics

GRI 302: Energy 2016

302-1 Energy consumption within the organization

302-3 Energy intensity

302-4 Reduction in energy consumption

GRI 305: Emissions 2016

305-1 Direct (Scope 1) GHG emissions

305-2 Energy indirect (Scope 2) GHG emissions

305-4 GHG emissions intensity

Social

People

GRI 3: Material Topics 2021

3-3 Management of material topics

GRI 401: Employment 2016

401-1 New employee hires and employee turnover

GRI 404: Training and Education 2016

404-1 Average hours of training per year per employee

404-3 Percentage of employees receiving regular performance and career development reviews

GRI 405: Diversity and Equal Opportunity 2016

405-1 Diversity of governance bodies and employees

GRI 406: Non-discrimination 2016

406-1 Incidents of discrimination and corrective actions taken

Consumers & end users

GRI 3: Material Topics 2021

3-3 Management of material topics

GRI 416: Customer Health and Safety 2016

416-2 Incidents of non-compliance concerning the health and safety impacts of products and services

GRI 417: Marketing and Labeling 2016

417-1 Requirements for product and service information and labeling

417-2 Incidents of non-compliance concerning product and service information and labeling

417-3 Incidents of non-compliance concerning marketing communications

Governance

Business conduct

GRI 3: Material Topics 2021

3-3 Management of material topics

GRI 205: Anti-corruption 2016

205-3 Confirmed incidents of corruption and actions taken

GRI 206: Anti-competitive behavior 2016

206-1 Legal actions for anti-competitive behavior, anti-trust, and monopoly practices

GRI 308: Supplier Environmental Assessment 2016

308-1 New suppliers that were screened using environmental criteria

GRI 414: Supplier Social Assessment 2016

414-1 New suppliers that were screened using social criteria

Climate-related risks

Time horizon + scenario

Potential impact

Sensirion’s measures

Physical risks (chronic)

  • Higher energy consumption through cooling requirements for production processes

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  • Higher energy costs in own operations processes

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  • Fossil-free cooling and heating recovery systems at the manufacturing sites in Stäfa (CH) and Debrecen (HU)
  • Checking the feasibility of a “mini district heating network” for the new production building in Stäfa
  • Switching-off of air conditioning systems during summer due to Energy quota processes

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  • Disruptions in production processes and effect on working conditions of employees

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  • Flexibilization of working hours
  • No installation of continuous production processes in affected sites, but assembly operations
  • Water shortage affecting foundries in East Asia

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  • Disruptions in production processes of the supply chain might lead to poorer planning capability and production losses

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  • Diversification of supplier base and dual sourcing strategy for key materials

Physical risks (acute)

  • Inclement weather conditions in Asia

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  • Disruptions in the supply chain might lead to poorer planning capability and production losses

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  • Diversification of supplier base and dual sourcing strategy for key materials

Transition risks (policy + legal)

  • Regulations on reducing leakage and ensuring efficient use of high GWP process gases

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  • Production process conversion Costs and capital expenditures for alternative filtration technologies to achieve further leakage reductions

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  • Studying alternative filtration technologies to reduce the process gas emissions
  • Exploration of alternative, less harmful chemical gases and investigation of different production tools while staying updated with manufacturers on advancements
  • Introduction of a taxation with regards to high GWP process gases

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  • Increased operation costs

EN-WEB-Bullet_low.svg

short term: up to 2 years, mid term: 2-4 years, long term: more than 4 years

EN-WEB-World-mt.svg 2°C or lower scenario

EN-WEB-World-smt.svg higher temperature scenario

EN-WEB-Bullet_low.svg low impact

EN-WEB-Bullet_med.svg medium impact

EN-WEB-Bullet_high.svg high impact