About this Sustainability Report
Open and transparent communication is the bedrock of sustainable action. In this publication, we report on the ecological, economic and social impact of our business operations.
This Sustainability Report focuses on the main fields of TÜV SÜD’s work. It shows how we live up to our corporate responsibility and proactively integrate relevant topics in our business processes. The Sustainability Report complements the Annual Report and is updated annually. This is an English translation of the German original. In the event of any discrepancy, the original German version is authoritative.
The report was produced in accordance with the GRI Standards, issued by the Global Reporting Initiative (GRI). The GRI Content Index in the Annex provides an overview of the GRI standards and/or their relevant content areas covered in this report.
The reporting period covers financial year 2022 (January 1, 2022 to December 31, 2022). Financial year 2021 serves as the comparative period. The content of the report was produced by the various responsible corporate functions and subsidiaries of the TÜV SÜD Group.
The scope of consolidation presented in the Sustainability Report corresponds to that in the consolidated financial statements pursuant to International Financial Reporting Standards (IFRSs). Disclosures made refer to all fully consolidated subsidiaries included in financial reporting; any exceptions are identified in the relevant section. Adjustments have not been made for non-controlling interests in the reporting; corporate transactions are taken into account in the sustainability reporting in the same way as in the financial reporting.
Due to rounding, it is possible that some figures in this report do not add up to exactly the given total, and that percentages presented do not reflect exactly the absolute values to which they refer.
We endeavor to use inclusive and fair language.
Where we make projections for the future in this Sustainability Report, they are based on current expectations, plans, targets, forecasts and estimates by the Board of Management. These are based on assumptions and factors that are beyond the control of TÜV SÜD and are subject to numerous risks and factors of uncertainty. Given this, actual developments may differ from projections for the future made in this publication.