Ratings

Today, sustainability plays an integral role in meeting the needs of stakeholders, including customers, employees, policymakers and investors. Businesses must embrace Environmental, Social, and Governance (ESG) issues to secure their competitive edge. PALFINGER understands that to remain resilient and innovative in a rapidly evolving landscape, sustainability is no longer just about compliance but about driving long-term success.

 In 2023, PALFINGER conducted its first Double Materiality Assessment to define which sustainability topics are most relevant to its operations, stakeholders, and future. Building on this, the assessment was updated in 2024 to reflect emerging trends and ensure continuous alignment with evolving priorities. This assessment is conducted in alignment with the Corporate Sustainability Reporting Directive (CSRD) and European Sustainability Reporting Standards (ESRS), which demand transparency in addressing sustainability.

To start, a list of 25 ESG topics relevant to PALFINGER’s operations and stakeholder expectations was developed (based on extensive research). After which, PALFINGER conducted an online survey to gather insights from internal and external stakeholders. There was a strong stakeholder participation which provided valuable insights, ensuring that the assessment accurately reflected the priorities and concerns of those most affected by PALFINGER’s sustainability performance.

The results of the survey were analyzed to develop the Materiality Matrix: a visual representation of the most critical ESG topics for PALFINGER. This matrix serves as a foundation for strategic decision-making and helps the company prioritize its sustainability efforts. The topics outside of the grey area are deemed material for PALFINGER. The findings were the basis for the 5 strategic fields of action, which now guide decision-making and long-term sustainability initiatives. PALFINGER remains committed to continuous improvement in sustainability and will provide ongoing updates on its progress. By integrating double materiality into its corporate strategy, PALFINGER ensures that sustainability is not just a compliance requirement but a driver of long-term success and value creation.