MS Industrie AG: publishes voluntary Sustainability Report 2023

München (pta016/16.05.2024/10:30) - For MS Industrie AG (WKN 585518; ISIN DE0005855183) sustainability is an integral part of its corporate strategy. The MS-Industrie Group's Sustainability Report for the aspects of environmental, employee and social issues, respect for human rights and the fight against corruption and bribery is carried out on a voluntary basis. The group produces at five locations worldwide, in Germany, the USA, Brazil and China. MS Industrie Group operates exclusively in the business-to-business sector and does not supply any products to end consumers.

The group's energy consumption varies greatly between the two business areas. Due to the use of machines, which are generally used in three-shift operations, the production activities of the "MS XTEC" business area tend to be characterized by higher energy consumption than the production of the "MS Ultrasonic Technology" business area, which is characterized more by engineering and assembly work.

Dr. Andreas Aufschnaiter, member of the management board of MS Industrie AG: "Since 2020, MS XTEC has been striving for an annual reduction in CO2 emissions in order to achieve the long-term goal of "zero carbon" emissions by 2045. At the Trossingen location we operate the largest industrial photovoltaic system of the entire district. At the Spaichingen site, the electricity purchased from hydropower is already 100% CO2-neutral."

Qualified and motivated employees represent an essential basis for the long-term success of the MS Industrie Group. "The group's personnel policy orientation is aimed at maintaining its own education capacities at a relatively high level in order to address a shortage of skilled workers and prepare future managers specifically for demanding tasks," says Armin Distel, member of the management board of MS Industrie AG.

At all five locations, suppliers are obliged to comply with human rights and are instructed accordingly. Overall, the MS Industrie Group sources a significant portion of its raw materials and finished parts, which are used in production, either from predefined suppliers or from internationally operating corporations.

The MS Industrie Group has an internal reporting system ("whistleblower policy"), which is intended to contribute to the efficient detection and, if necessary, sanctioning of possible or actual violations of the group's code of conduct, particularly with regard to offenses of corruption and bribery.

MS Industrie AG's voluntary Sustainability Report provides information about where the company has set its substantive priorities in 2023. The report is available digitally and can be accessed on the company's website: https://www.ms-industrie.de/en/investor-relations/sustainability-reports/.

Background:

MS Industrie AG (WKN 585518; ISIN DE0005855183), headquartered in Munich, is the listed parent company of a focused technology group with the two business areas drive technology ("MS XTEC": systems and components for heavy-duty combustion engines and hybrid or electrical drive solutions) and ultrasonic technology ("MS Ultrasonic": special machines, standard machines and ultrasonic systems and components). Key customer industries include the global commercial vehicle and passenger car industry, followed by the packaging machine industry, the medical and other plastic processing industries as well as the general mechanical and plant engineering industry. In financial year 2023, the Group generated revenues of around EUR 250 million with over 800 fixed employees at five production sites, two of which are located in Germany and one each in the USA, Brazil and China.

Press Contact :

BeckerBeratungsGesellschaft (BBG)
Neustr. 23
55296 Gau-Bischofsheim / Mainz
Klaus-Karl Becker
+49 (0) 172 61 41 955
kkb@b-bg.de

Disclaimer:

The publisher of this document is MS Industrie AG based in Munich. Although the information in this document comes from sources that MS Industrie AG considers reliable, no guarantee can be given for the correctness of the information in this document. This document does not constitute a prospectus and is also not suitable as a basis for evaluating the securities presented in the document. Estimates and opinions contained in this document represent the assessment of MS Industrie AG at the time the document was created and are subject to change at any time without prior notice. MS Industrie AG and/or its affiliated companies may from time to time hold positions in the securities referred to in this document or in options, futures and other derivatives based thereon, may provide other services (including those as advisors) to each company named in this document, provide or have provided and may (to the extent permitted by law) have used the information contained herein or the research on which it is based prior to its publication. Any kind of advisory relationship between MS Industrie AG and the recipient of this document is not established by the provision of this document. Each recipient must conduct its own research and take precautions to check the profitability and reasonableness of an investment decision, taking into account its personal and economic interests. MS Industrie AG is not liable for the consequences of trusting in opinions or statements in this document, nor for the incompleteness of the same. Any citizen of the United States of America who receives this document and wishes to transact in securities referred to herein is required to do so through a US-licensed broker.

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