ZUMTOBEL GROUP AG
ZUMTOBEL GROUP AG
Sector: Industrial
Description
Zumtobel Group AG is an Austria-based company that provides high-quality indoor and outdoor lighting solutions and components. It was founded in the year 1950, and its headquarters are situated in Dornbirn, Austria. It was initially involved in the production of ballasts for the fluorescent light fittings. The company expanded and diversified its operations over the year, and started its LED operations in the year 2001, and continues its technological advancement as well as value creation through acquisitions, to maximize its growth. Today, the company has offices in more than 90 countries, and runs 13 plants across 4 continents. It is listed and traded on the Vienna Stock Exchange (WBAG: ZAG), as well as on the London Stock Exchange (LON: OMJH). The group employs a skilled workforce of around 5,800 people across the globe, and has many subsidiaries, which include Thorn Lighting, Tridonic GmbH & Co KG, Zumtobel Lighting Inc., ZG Lighting s.r.l., ACDC LED Ltd, LEDON Lighting GmbH etc.
The core brands of the company include Thorn, Zumtobel and Tridonic. Zumtobel is the brand that provides indoor lighting solutions which can be customized according to the requirements of the individual customers. Its product range covers lighting solutions, emergency lighting, digital services, connectivity and systems, lighting services and bespoke products etc. It provides these products to a wide range of sectors, covering office, retail, industry, art & culture, education, healthcare, and hospitality. It provides sustainable lighting solutions that are good for the people as well as the environment. Tridonic is the technology brand that offers highly reliable and energy efficient state-of-the-art lighting hardware and software technology, and caters to various types of customers including building managers, lighting manufacturers, systems integrators, planners etc. Thorn is a brand that provides both indoor and outdoor lighting solutions, and connectivity & systems to a variety of sectors like road, tunnel, transportation, urban life, industry, education etc. acdc is another brand which is among the global leaders in LED lighting, and it offers lighting solutions for outdoor applications, and designs innovative luminiaries for outdoor architecture.
Zumtobel Group AG follows a well-defined framework of corporate governance and aligns itself with the Austrian Corporate Governance Code (ACGC). It has an ethical code of conduct for running its business operations and promotes a culture of trust, transparency, and accountability. Apart from fulfilling all its corporate responsibilities, the company also fulfils its environmental and social responsibilities. It has a comprehensive Corporate Social Responsibility (CSR) framework in place and complies with international best practices and guidelines to create a sustainable business. It aims to minimize the impact of its business activities on the environment and create long-term value for the business as well as the wider community. Sustainability is at the heart of its business model, and it aligns its business objectives with the UN Global compact and the Sustainable Development Goals. The group has set a target for 2030 to reduce its energy consumption by 30% and has 85% recyclable waste in manufacturing. Around 82% of the total revenues of the group are generate from sustainable products and services.
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