Geberit is a supplier of sanitary plumbing systems for residential and commercial uses. The company’s product lines are divided into two segments: Sanitary Systems and Piping Systems. Headquartered in Switzerland, Geberit has 35 production facilities and more than 12,000 employees in 40 countries.
Geberit’s sustainability strategy is based upon water conservation of its products and solutions in green building, efficient production standards, and social responsibility. The company systematically analyzes each production process and product itself across every life phase in order to make improvements that benefit the environment. Geberit applies a strict eco-design testing criterion to all of its products, enabling the company to have a range of offerings that are regarded as sustainable by LEED and other major building certifiers. Additionally, all of the company’s production sites have an integrated environmental management system in accordance with ISO 9001 and ISO 14001 standards. Geberit also has decreased its operational CO2 emissions by enhancing green logistics and purchasing increased amounts of renewable electricity. Suppliers accounting for 95% of the company’s procurement have signed the company’s Code of Conduct that sets standards for eco-friendly and socially responsible production, too. Geberit partners with various communities to provide sanitary facilities and other services, and its employees contributed almost 3,000 hours of community service in a recent year.
Geberit’s Board of Directors lacks gender and racial diversity.
To the best of our knowledge the above information is accurate and was obtained from sources we believe to be reliable. Neither the information presented above nor any opinion expressed shall be construed as an offer to sell or a solicitation to buy the security. The views expressed are those of portfolio management as of 12/31/16 and may not reflect current opinions or subsequent events.