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Sustainability Report 2025
Dear Stakeholders,
Fiscal year 2025 was a year of structural change and continued execution for Landis+Gyr. We completed the divestiture of our EMEA business, a defining step in refining the Group’s strategic focus and operational footprint. At the same time, we delivered steady progress against our sustainability commitments, confirming once again why sustainability remains integral to our long-term strategy, our resilience and the value we create for stakeholders.
I am pleased to reaffirm Landis+Gyr’s continued support for the Ten Principles of the United Nations Global Compact across human rights, labor, environment and anticorruption. Through this report, we transparently demonstrate how these principles shape our strategy, corporate culture and daily operations, and how they support our contribution to the United Nations Sustainable Development Goals. Our commitment to the Science Based Targets initiative, aligned with the 1.5 °C pathway of the Paris Agreement, remains unchanged, as does our engagement with the Responsible Business Alliance on responsible supply chain practices.
A Changing Perimeter, a Constant Direction
The divestiture of our EMEA business is a significant change to our footprint and reporting perimeter. This report presents consolidated Group data for FY 2025, including the EMEA business, reflecting Landis+Gyr’s organizational scope during the reporting period. Future reporting will reflect Landis+Gyr’s post-divestiture structure.
We are reviewing our sustainability roadmaps, targets, and disclosures to reflect the post-divestiture organization. Our climate targets will be re-baselined under the latest SBTi standard and resubmitted for validation, with progress reported through our established climate governance and reporting processes. What does not change is our sustainability direction, our guiding principles, and our ambition.
Progress in FY 2025
Our installed base of smart metering solutions enabled approximately 8 million tons of CO2e savings in FY 2025, a concrete demonstration of the role our products play in the energy transition. In our own operations, we reached 100 percent renewable electricity sourcing at Group level, meeting a target originally set in FY 2022.
We deepened our product-level environmental transparency by completing ISO-compliant life cycle assessments for key high-runners meter models. The results inform design decisions, material choices and supplier engagement. We also performed an operational water risk assessment across our manufacturing sites using the WWF Water Risk Filter and published our first report on nature, applying a Taskforce on Nature-related Financial Disclosures (TNFD)-aligned approach.
We continued to invest in our people. Employees completed an average of 34.6 hours of learning during the year and our focused work on occupational health and safety delivered a further improvement of our Lost Time Incident Frequency Rate from 0.85 in FY 2024 to 0.69 in FY 2025, with no work-related fatalities during the reporting period. Across our supply chain, we embedded ESG criteria intoour Supplier Quarterly Business Reviews, creating a structured channel for ongoing dialogue with strategic suppliers on sustainability performance, including climate and water related topics.
Honest About Where Progress Takes Time
Sustainability involves trade-offs, and progress is not linear across all dimensions. While our operational emissions trajectory is firmly on track, reducing emissions across our value chain remains one of our most complex challenges, reflecting factors beyond our direct operational control, including supply‑chain dynamics and the carbon intensity of electricity grids where our solutions are installed. At the same time, improving the energy efficiency of our products remains a critical lever within our control.
Achieving sustained reductions across the value chain will require time, collaboration and continued innovation across products and suppliers. We prefer transparency and steady improvement to short‑term claims.
Looking Ahead
Our focus stays on execution, accountability and embedding sustainability into everyday business decisions. We will strengthen data quality, governance and target setting to remain responsive to evolving regulatory and stakeholder expectations and to serve the post-divestiture Landis+Gyr well for years ahead.
To our employees, thank you for your dedication through a year of meaningful change. To our customers, thank you for your trust and partnership. To our investors, suppliers and the communities we serve, thank you for holding us to high standards and for working alongside us to meet them.
With your continued support and collaboration, I am confident Landis+Gyr will deliver on its role in the energy transition and keep raising the bar for itself.
Sincerely,
FY 2025 Sustainability Highlights
The past fiscal year marked a period of strong progress across Landis+Gyr’s sustainability agenda. From emissions reductions and renewable energy milestones to workforce development and supply chain due diligence, our achievements reflect the depth of our commitment to responsible business practices. The following snapshot highlights key performance indicators and recognitions that underscore our impact and momentum as we close the FY 2022–2024 ESG cycle.
8.0
million tons of CO2 savings enabled through our installed base of smart meters
+25
%
Scope 3 GHG emissions per USD 100 of net revenue
-74
%
Scope 1 and 2 GHG emissions
+19
%
waste generated
-21
%
water withdrawl
90
%
of products in Eco-Portfolio
304
supplier risk assessments and 47 ESG audits
38
%
female representation on the Board
39
%
female representation at Group level
34.6
hous of learning per employee
-25
%
lost time incidents
Changes have been calculated with respect to FY 2024. For GHG emissions data, comparisons are made against the FY 2021 Science-Based Targets base year.
Enabled CO₂ emission savings
8m tons
CO₂ emissions avoided through Landis+Gyr's installed smart metering base in FY 2025
CO₂ emissions avoided through Landis+Gyr's installed smart metering base in FY 2025
Direct CO₂ emissions from Landis+Gyr operations
0.14 kg
CO₂* per USD 100 of net revenue
CO₂* per USD 100 of net revenue
*based on Scope 1 and 2 GHG emissions
Commitments, Reporting Standards, Ratings & Recognitions
Reporting Frameworks and Standards
Ratings and Recognitions
ISO Certifications
Picturing the Future: Our Vision for Sustainability
Landis+Gyr’s sustainability strategy is grounded in a longterm vision of a world powered by intelligent energy systems that support reliable, resilient, safe and sustainable access to energy and water. We envision energy and datadriven technologies enabling utilities to serve communities effectively, strengthen infrastructure resilience and support the transition to low-carbon energy systems.
Since our foundation in 1896, Landis+Gyr has supported utilities through periods of technological and structural change. As energy systems evolve toward electrification, decentralization and increased reliance on renewable energy, the Company’s products and solutions play an important role in enabling efficient, reliable and sustainable energy networks, while also supporting greater transparency and informed decision‑making for end‑users.
Landis+Gyr’s portfolio contributes to sustainability outcomes in several ways:
- Smart metering solutions provide accurate, real-time insightsinto electricity, gas and water consumption. These solutions contribute to more efficient and reliable utility operations, while giving end users greater visibility into their own usage patterns and helping them better understand, manage and, where possible, reduce their consumption and environmental footprint.
- Grid edge intelligence services support utilities in managing increasingly complex energy systems by improving load visibility, enabling the integration of renewable energy sources and supporting grid stability in the context of distributed generation, electric vehicles and energy storage. By improving system efficiency and responsiveness, these capabilities also support a more reliable supply of energy for end users and help create the conditions for more flexible and efficient energy use.
- Smart infrastructure solutions, including digital infrastructure and cybersecurity capabilities, support the development of secure, connected and resilient smart cities of tomorrow, enabling utilities and municipalities to deliver more reliable services that end users can trust and increasingly interact with through digital, data‑enabled energy and infrastructure systems.
Value Chain
Landis+Gyr’s value chain reflects how we design, manufacture, deploy and support energy technology solutions worldwide, spanning hardware, software and services. It shows how resources are transformed into products and services over their lifecycle, where value is created, and how we interact with suppliers, customers and other stakeholders. It also provides the basis for our approach to managing sustainability impacts, risks, opportunities and performance.
Overview of Sustainability Program at Landis+Gyr
Materiality Matrix (FY 2025–2027)
To keep our sustainability strategy aligned with current priorities and prepare for potential reporting requirements under the EU Corporate Sustainability Reporting Directive (CSRD), Landis+Gyr conducted a Double Materiality Assessment (DMA) in FY 2024. The DMA identified material sustainability topics by assessing impacts, risk and opportunities (IROs) from two perspectives:
- Impact Materiality (inside-out): How Landis+Gyr’s activities and value chain relationships affect environmental, social and economic matters.
- Financial Materiality (outside-in): How sustainability matters affect the Company’s financial position, performance, cash flows and long-term resilience.
For the FY 2025–FY 2027 ESG cycle, material topics were grouped into three management categories to support prioritization and resource allocation:
- Focus topics: topics of highest significance requiring proactive management, defined action plans and performance targets.
- Manage topics: material topics requiring structured management and continuous monitoring.
- Monitor topics: non-material topics subject to lightertouch monitoring due to lower significance or limited value-chain relevance.
FY 2025 Sustainability Targets and Progress
In FY 2022, Landis+Gyr set performance targets with an end date of FY 2025 to support progress across its material topics. These targets were monitored and managed during the FY 2022–FY 2024 ESG cycle and through FY 2025. Going forward, the Company has aligned target horizons with the respective ESG cycle to ensure greater consistency between strategic planning, management and reporting.
