TRATON GROUP
CREATING A GLOBAL CHAMPION
COMPANY PRESENTATION
DISCLAIMER
This presentation has been prepared for information purposes only.
It does not constitute or form part of any offer or invitation to sell or issue, or any solicitation of any offer to purchase or subscribe for, any securities of Volkswagen AG, TRATON SE, or any company of the TRATON GROUP in any jurisdiction. Neither this presentation, nor any part of it, nor the fact of its distribution, shall form the basis of, or be relied on in connection with, any contractual commitment or investment decision in relation to the securities of Volkswagen AG, TRATON SE, or any company of the TRATON GROUP in any jurisdiction, nor does it constitute a recommendation regarding any such securities.
It contains forward-looking statements and information on the business development of the TRATON GROUP. These statements and information are based on assumptions relating in particular to the TRATON
GROUP's business and operations and the development of the economies in the countries in which the TRATON GROUP is active. As far as information or statements on Navistar are concerned, the same applies to Navistar. Please note that TRATON SE has signed definitive agreements on the acquisition of Navistar but the acquisition requires a number of approvals and is therefore not yet closed.
The TRATON GROUP has made such forward-looking statements on the basis of the information available to it and assumptions it believes to be reasonable. The forward-looking statements and information may involve risks and uncertainties, and actual results may differ materially from those forecasts. If any of these or other risks or uncertainties materialize, or if the assumptions underlying any of these statements prove incorrect, the actual results may significantly differ from those expressed or implied by such forward-looking statements and information. The TRATON GROUP will not update this presentation, particularly not the forward-looking statements. The presentation is valid on the date of publication only.
Certain financial information and financial data included in this presentation are preliminary, unaudited, and may be subject to revision. Due to their preliminary nature, statements contained in this presentation should not be unduly relied upon, and past events or performance should not be taken as a guarantee or indication of future events or performance. Financial figures might be translated from different currencies, using the exchange rate prevailing at the relevant date or for the relevant period that the relevant financial figures relate to.
All statements with regard to markets or market position(s) of TRATON SE or any affiliated company or any of its competitors are estimates based on data available to the TRATON GROUP. As far as information or statements on Navistar are concerned, the same applies to Navistar.
IHS Markit Data referenced herein are the copyrighted property of IHS Markit Ltd. and its subsidiaries ("IHS Markit"). The IHS Markit Data are from sources considered reliable; however, the accuracy and completeness thereof are not warranted, nor are the opinions and analyses published by IHS Markit representations of fact. The IHS Markit Data speak as of the original publication date thereof and are subject to change without notice. IHS Markit and other trademarks appearing in the IHS Markit Data are the property of IHS Markit or their respective owners.
The percentage figures shown may be subject to rounding differences. Due to different proportions and scaling graphs, data shown in different graphs is not comparable.
AGENDA
02. Global Champion Strategy
03. Navistar Acquisition
04. Sustainability
LEADING GLOBAL BRANDS AND STRATEGIC ALLIANCE PARTNERS
1 As of December 31, 2020 2 Held by a subsidiary of MAN SE as of December 31, 2020 2021 / Corporate Communications / Company Presentation
*
KEY FINANCIALS BY DIVISION
1 Includes holdings and investments (MAN SE: holding companies, Sinotruk investment; TRATON holding: holding companies, Navistar investment, TB Digital Services), PPA (VWCO PPA - MAN origin; Scania PPA - VW origin) as well as consolidation effects.
2 Reflecting total research and development costs comprising capitalized R&D plus period-expensed R&D.
3 Consists of the capital expenditures in property, plant and equipment and in intangible assets (excluding capitalized development costs) that are reported in the statement of cash flows.
4 Defined as profit before tax as % of average equity.
DIVERSIFIED BY GEOGRAPHY AND BY BRAND
UNIT SALES FY 2020 (% of total)
SALES REVENUE FY 2020 (% of total)
190 k Units Sold
Note: TRATON including Financial Services, excl. consolidation; rounding differences possible.
1 EU27+3 region (EU27 countries without Malta, plus the United Kingdom, Norway, and Switzerland)
€22.6 bn Sales Revenue
KEY COMPANY HIGHLIGHTS
GLOBAL
1CHAMPION
2GROWTH
3PROFITABILITY
• Scale & global reach through leading brands & strategic alliance partners
• Unique platform enabling growth & positioning for best-in-class profitability
• Customer value-focused product and service offering
• New product generations
• Further expansion in key geographies
• Concrete path to profitability improvement
• Stand-alone brand performance plus synergies
• Earnings growth and cash generation potential
TRACK RECORD AND OVER-THE-CYCLE TARGET
1 Before expenses from the MAN Truck & Bus restructuring program and effects from the planned acquisition of Navistar International Corporation.
2 FY 2019: adjusted RoS 7.0%, adjusted operating result €1.9 bn; FY 2020: adjusted operating RoS 0.6%, adjusted operating result €135 mn.
3 Calculated as the ratio of net cash flow to result after tax; cash conversion rate in FY 2019 was positively affected by the proceeds of approximately €2.0 bn from the disposal of the Power Engineering business. In FY 2020, the negative earnings after tax did not result in any meaningful cash conversion rate.
STRONG MANAGEMENT TEAM AND TWO-TIER BOARD STRUCTURE WITH INDEPENDENCE SECURED BY SUPERVISORY BOARD COMPOSITION
TRATON SE EXECUTIVE BOARD
SUPERVISORY BOARD
Composition
‣ Supervisory Board composition reflects target shareholder structure
‣ Broad complementary skills and experience
‣ Chairman of the Supervisory Board: Hans Dieter Pötsch
‣ Deputy Chairman: Athanasios Stimoniaris
‣ 20 members with equal number of international shareholder and employee representatives
Audit Committee ‣ Comprises 6 members ‣ Equal number of shareholder & employee representatives
Years of experience in the automotive/commercial vehicle industry
AGENDA
01. TRATON at a Glance
03. Navistar Acquisition
04. Sustainability
GLOBAL CHAMPION STRATEGY BASED ON FOUR PILLARS
CLEAR POSITIONING OF BRANDS
DRIVING THE SHIFT TOWARDS A SUSTAINABLE TRANSPORT SYSTEM
Premium customer-focused innovation leader for sustainable transport solutions
SIMPLIFYING BUSINESS BY BEING THE MOST RELIABLE BUSINESS PARTNER
Reliable business partner with value package and full-line offering
LESS YOU DON'T WANT MORE YOU DON'T NEED
Best value for money and tailor-made products
STRONG POSITION OF ALL BRANDS WITH NEW TRUCK LINES
Current launchLaunch/ramp-upLaunch of preceding truck generation
NTG
New generation for all truck lines (R, G and P trucks, new S and L trucks)
2016 - 2019
1995 (4-Series)
NEW TRUCK GENERATION
New state of the art truck generation for all truck lines (TGX, TGS, TGM, TGL)
2019 - 2021e
NEW DELIVERY & METEOR
Modern trucks for logistics tailored for customers in emerging markets
2017 - 2020
2000 (TGA)
2005
(Delivery)
LEADING TRUCK BRANDS AND #1 MARKET POSITION IN EUROPE AND SOUTH AMERICA
Core markets of TRATON brandsTRATON truck market share in 2019 (>15t)
Europe1
Market leader with 35% market share
Market leader in Germany with 41% market share
South America2
Market leader with 30% market share
Market leader in Brazil with 37% market share
Source: IHS Markit, 2019 market shares
Note: smaller presence in additional countries not highlighted (TRATON active in >120 countries worldwide, including bus activities)
1 EU28+2 region consisting of EU member states plus Norway and Switzerland. Luxembourg excluded, as no IHS Markit data available. TRATON's sales in Russia not included in calculation of the Europe market share 2 Including Argentina, Brazil, Bolivia, Chile, Colombia, Costa Rica, Ecuador, Guatemala, Honduras, Nicaragua, Panama, Peru, Uruguay, Venezuela; excl. Mexico (part of North America); excl. Paraguay as no IHS Markit data for trucks >15t available 2021 / Corporate Communications / Company Presentation
LEVERAGE POWERTRAIN COMPONENTS ACROSS BRANDS
TO GENERATE SIGNIFICANT COST SAVINGS IN YEARS TO COME
50% Common base engine (CBE)
expected to be installed in
almost half of TRATON heavy-
onwards.
21e
duty trucks per year from 2025e
CBEEnhanced fuel efficiency Reduced weight
Low maintenance
22e
23e
24e
25e
2026e
ALLIANCE PARTNERSHIPS PROVIDING ACCESS TO GLOBAL PROFIT POOLS
CORE MARKETS OFTRATON BRANDSALLIANCE PARTNERS
PROFIT POOL6 Share 2018
TRUCKMARKETSHAREIN2019(>15T)
North America - partnership since 2016
• Technology cooperation: first SoPs by 2020/21
• Synergies in procurement JV achieved, further potential
China - partnership since 2009
• Intention to localize MAN heavy-duty truck in world's largest market
• Evaluation of technology/procurement cooperation
Japan & Southeast Asia - cooperation since 2018
• Cooperation: future logistics/transportation, technology, and e-mobility
• Procurement JV signed with global synergy potential
• E-mobility joint venture started
Source: IHS Markit Note: SoP = start of production 1 Market share of Navistar in North America 2 Market share of CNHTC (parent company of Sinotruk) in Greater China 3 Market share of Hino in Japan and Southeast Asia (Indonesia, Australia, Malaysia, New Zealand, Philippines, Singapore, South Korea, Taiwan, Thailand, Vietnam) 4 Incl. Western Europe and CEE regions 5 Incl. Argentina, Brazil, Bolivia, Chile, Colombia, Costa Rica, Ecuador, Guatemala, Honduras, Nicaragua, Panama, Peru, Venezuela, Belize, Caribbean, El Salvador, Paraguay, Uruguay, excl. Mexico (part of N. America); as no IHS Markit data for trucks >6t available 6 Excludes other countries
GLOBAL EXPANSION THROUGH STRONG ALLIANCE PARTNERS
#4 MARKET POSITION | 14% MARKET SHARE1 Technology cooperation and procurement JV
ASSOCIATES
LARGEST NETWORK OF ~1K DEALERS IN NORTH AMERICA2
ONE OF THE LEADING TRUCK MANUFACTURERS IN CHINA
#3 MARKET POSITION | 15% MARKET SHARE3 Intention to localize MAN truck in China; potential tech/procurement cooperation
1 1 As of September 2020 2 Information according to Navistar 3 Truck market share of CNHTC in China (incl. Hong Kong) 4 Truck market share based on IHS of Hino in Japan and Southeast Asia (Indonesia, Australia, Malaysia, New Zealand, Philippines, Singapore, South Korea, Taiwan, Thailand, Vietnam) Source: IHS Markit Note: market share data based on trucks >15t
CURRENT STRATEGIC ALLIANCE WITH NAVISTAR FOCUSED ON TECHNOLOGY COOPERATION AND PROCUREMENT JOINT VENTURE
OVERVIEW
• Strategic alliance established in 2016
• TRATON GROUP currently holds 16.7%1
• TRATON can nominate two persons to Navistar's Board of Directors: TRATON's current nominee is Christian Schulz and the other TRATON nominee position currently remains open
OBJECTIVES
Technology cooperation: joint powertrain - common powertrain systems give Navistar access to excellent powertrain technologies and allow the TRATON GROUP to benefit from higher volumes
Technology cooperation: future technologies - cooperation in many aspects of future commercial vehicle development
Procurement JV - fully operational procurement JV to pursue joint global sourcing opportunities
Access to North American market - cooperation and equity stake allow the TRATON GROUP to capture a share of North American profit pool
CURRENT STRATEGIC ALLIANCE WITH NAVISTAR FOCUSED ON TECHNOLOGY COOPERATION AND PROCUREMENT JOINT VENTURE
OVERVIEW
OBJECTIVES
• Long-term strategic partnership between MAN and Sinotruk established in 2009
• MAN TGA Truck technology including powertrain localized under SITRAK brand
• MAN holds 25% + 1 share1 in Sinotruk
Technology cooperation - joint efforts in areas of powertrain, new technologies
Localization of MAN truck - intention to localize MAN heavy-duty truck in world's largest marketProcurement synergies - sourcing synergies targeted through joint scale
OVERVIEW AND OBJECTIVES OF COOPERATION AGREEMENT WITH HINO
OVERVIEW
• Strategic long-term partnership agreed in April 2018
• Alliance Board based on Strategic
Cooperation Framework Agreement
• October 2019: procurement joint venture established
• October 2020: e-mobility products joint venture started
OBJECTIVES
E-Mobility cooperation, shared development efforts, and combined marketing of products - Hino with largest running fleet of hybrid commercial vehicles in the world
Procurement joint venture - Joint venture aims at realizing synergies in global procurement for a wide range of parts and technologies
Technology cooperation - Focus on possibility of joint utilization of existing technologies such as powertrain and joint development of innovative technologies
Utilize complementary know-how - Hino with focus on light- and medium-duty trucks complements the TRATON GROUP's innovation power in heavy-duty segment
CUSTOMER-FOCUSED INNOVATION: NEED TO BE PREPARED FOR "ACE"
MAN Digital Services
Note: HVO = hydrogenated vegetable oil; BEV = battery electric vehicle 1 Scania and Rio Tinto trialing autonomous truck in Australia 2 Based on a company comparison with other offerings in the market 3 In October 2019, Bosch, CATL, Moura, Semcon, Siemens, Meritor, and Eletra created the new e-Consortium for the manufacturing of the first Brazilian electric trucks; the first mass-produced truck will be the 14-ton e-Delivery and full-scale production is scheduled to start in 2021.
THE TRATON GROUP ALREADY HAS MULTIPLE SOLUTIONS FOR AUTONOMOUS DRIVING ON THE WAY
PROJECT MINING SYSTEM
New Scania AXL presented on Innovation Day 2019. Autonomous vehicles been operating in real-life conditions at Rio Tinto´s mining operations in Australia since August 2018.
PROJECT HAMBURGER HAFEN UND LOGISTIK AG (HHLA)
Testing of automated and autonomous driving trucks in real use. Field trials at the Hamburg Container Terminal.
2021 / Corporate Communications / Company Presentation
HUB2HUB PROJECT WITH TUSIMPLE
Scania tests self-driving trucks in motorway traffic on the E4 motorway between Södertälje and Jönköping.
VARIETY OF CONNECTED SERVICE SOLUTIONS INTRODUCED
SCANIA service offering - selected examplesNumber of connected trucks in operationMAN T&B service offering - selected examples
Today2
1 All MAN T&B Euro VI HDT and MDT for EU-28+2 region plus selected retrofits 2 As of December 2020 2021 / Corporate Communications / Company Presentation
2025E+
COMMON BASE ENGINE (13L) COMPATIBLE WITH CONVENTIONAL AND ALTERNATIVE FUELS
Scania vehicles displayed at IAA 20182
COMMON BASE 13L ENGINE (CBE) - PART OF OUR JOINTLY DEVELOPED HD POWERTRAIN PLATFORM
• More than 50% brake thermal efficiency1
• Designed to address expected future emission legislation
• Expected to be installed in >50% of TRATON's HD trucks per year from 2025 onwards
Note: HVO = hydrogenated vegetable oil. LNG = liquefied natural gas. CNG = compressed natural gas. BEV = battery electric vehicle 1 More than half of the energy is converted into mechanical energy. 2 Scania vehicles displayed at IAA 2018 - all alternatively fueled including newly launched plug-in hybrid 3 Also compatible with biodiesel FAME and ethanol engines
IN THE SHIFT TO ALTERNATIVE FUELS, TRATON EXPECTS TO BENEFIT FROM ITS BROAD RANGE OF ALTERNATIVE FUEL SOLUTIONS
Theoretical CO2 reduction potential
UP TO 15% | UP TO 85% | UP TO 90% | UP TO 90% | UP TO 90% | 90% PLUS |
NATURAL GAS | BIO DIESEL | BIO GAS | HVO | ETHANOL | HYBRID & |
FAME | HVO |
ELECTRIFICATION DRIVEN BY TCO AND REGULATION - FASTEST ADOPTION FOR CITY BUSES
TCO parity drives electrification penetration
Indicative potential timeframe for
TCO parity1broader market adoption in Europe
2020
1 TCO parity: TCO of an electric vehicle equals the TCO of a vehicle with a conventional powertrain. 2021 / Corporate Communications / Company Presentation
2025e
2030e
2035e
OUR BRANDS FOCUS ON E-MOBILITY LEADERSHIP
SINCE 2020
Common modular electric powertrain toolkit, used in the first series produced all-electric city buses from Scania and MAN.
BY 2025
Electrified vehicles will account for around 10% of Scania's total vehicle sales volumes in Europe. Half of MAN's new buses will run on alternative drives.
BY 2030
Electrified vehicles will account for 50% of Scania's total vehicle sales volumes. At least 60% of MAN's delivery trucks and 40% of long-haul trucks will be emission-free.
TRATON INCREASES R&D INVESTMENT IN E-MOBILITY TO €1.6 BILLION
TRATON invests
€1.6 billion in R&D for e-mobility from 2021 to 2025
All brands are shifting budgets from conventional drives to e-mobility
Share of product development1 for e-mobility will be doubled until 2025
Less than 20% of product development budget for conventional drivetrains in
2025
1 Product Development budget comprises the share of primary R&D costs, that could be assigned to specific Product Projects or Product Project Roadmaps before start of production. Product Development budget does not include efforts for general base research or R&D support after start of production (i.e. for quality assurance or product cost optimization during the lifecycle).
PRODUCT HIGHLIGHTS IN ELECTRIFICATION 2020
Fully invested in the future: new truck lines with BEV, FCEV product solutions.
May 2020
May 2020
Scania delivers 75 battery electric trucks to ASKO
August 2020
October 2020
September 2020
VWCO to deliver first 100 e-trucks to Ambev in 2021
Note: vehicles in regular operation or in practical trials (including concept vehicles)
AGENDA
01. TRATON at a Glance
02. Global Champion Strategy
04. Sustainability
TRANSACTION OVERVIEW
NAVISTAR AT A GLANCEACQUISITION RATIONALESTRUCTUREVALUEFINANCINGTIMING
• No 4 in US market for trucks; long history since 1831
• Revenue of USD 11.25 bn and adjusted EBIT of USD 689 mn in fiscal year 20191
• More than 1,000 dealers
• Access more than 75% of global truck market profit pools
• Deliver on Global Champion Strategy
• Leverage powertrain components across brands to generate significant cost savings in years to come
• Achieve a well-balanced and global footprint with complementary geographies
• Cash acquisition of 83.3% of outstanding Navistar common shares
• Transaction structured as one-step merger
• The two major Navistar shareholders2 supportive of transaction
• Equity purchase price of USD 3.7 bn based on USD 44.50 per share
• Fully committed transaction financing by Volkswagen AG
• Transaction envisaged to be refinanced via capital markets
• TRATON committed to maintaining an investment grade rating
• Closing expected mid 2021 subject to regulatory approvals and customary closing conditions
1 Adjusted EBIT: calculated as adjusted EBITDA - depreciation and amortization; FY 2019 as of Oct. 31, 2019. 2 i.e. . certain shareholders of Navistar affiliated with Carl. C. Icahn with a stake of approx. 16.8% and certain shareholders of Navistar affiliated with Mark H. Rachesky with a stake of approx. 16.4% (each as of 22 January 2021).
STRATEGIC ALLIANCE FOCUSED ON TECHNOLOGY COOPERATION AND PROCUREMENT JOINT VENTURE, INCREMENTAL SYNERGY POTENTIAL
Almost four years of partnership
1 Current stake as of the end of September 2020 amounts to 16.7%. 2021 / Corporate Communications / Company Presentation
Objectives
Access to North American Market - cooperation and equity stake allow the TRATON GROUP to capture a share of North American profit pool
Procurement Joint Venture - fully operational procurement joint venture to pursue joint global sourcing opportunities
Technology Cooperation: Future Technologies - cooperation in many aspects of future commercial vehicle development
Technology Cooperation: Joint Powertrain - common powertrain systems give Navistar access to excellent powertrain technologies and allow the TRATON GROUP to benefit from higher volumes
ACQUISITION RATIONALE: CREATION OF A GLOBAL CHAMPION
ACCESS MORE THAN 75% OF GLOBAL TRUCK MARKET PROFIT POOLS1
Access to attractive North American market
Strong market position of
Scania, MAN, and VWCO
Strong market position of
Navistar
… Share of global profit pool 2030e2
Source: McKinsey & Company 1 Global profit pool 2030: ~€17 bn 2 Profit pool of truck industry > 6t (2030e) 2021 / Corporate Communications / Company Presentation
DELIVER ON GLOBAL CHAMPION STRATEGY
Industrial Business sales revenue (fiscal year 2019,€ bn)Combined ranking per region (sales in units)
Source: Company information, own calculations
1 Trucks and Buses. 2 Includes Truck and Parts as per Navistar Form 10K, October 31, 2019; FX €/USD of 1.13 3 Trucks and Buses;FX €/SEK of 10.58 4 Trucks, Parts and Other; FX €/USD of 1.12 5 Commercial and Specialty vehicles segment of CNH Industrial; FX€/USD of 1.12 2021 / Corporate Communications / Company Presentation
STATUS AND NEXT STEPS WITH NAVISTAR
Signing and announcement of merger agreement on November 7, 2020
Navistar shareholder approval received at Navistar Annual Meeting on March 2, 2021
AGENDA
01. TRATON at a Glance
02. Global Champion Strategy
03. Navistar Acquisition
TRATON GROUP SUSTAINABILITY - OVERVIEW
• Sustainability is an integral part throughout the entire TRATON GROUP
• ESG aspects are already deeply anchored at TRATON's brands Scania and MAN with transparent sustainability reporting on brand level according to GRI standards1
• Due to decentralized organization of the Group the brands set priorities, resources,and methods to ensure fit to culture, strategy, regulatory authorities, and other key stakeholders
• Materiality matrix analysis is used to identify and evaluate the most material sustainability action fields. Focus topics for TRATON to be derived from materiality matrix analysis performed at brand level based on aligned dimensions
• TRATON Sustainability Board established, which acts as
- forum to develop and decide sustainability matters at TRATON
GROUP level by defining minimum-standards for the TRATON GROUP and
- platform to encourage cooperation, foster best practices, and enable knowledge-transfer in the TRATON GROUP
• Commitment to UN Sustainable Development Goals as common basis
• Scania and MAN are participant and signatory of UN Global Compact2, respectively
Note: MAN comprises MAN T&B and VWCO. 1 The global reporting initiative (GRI) is an international independent standards organization that sets out principles and indicators for measuring and reporting economics, environmental and social performance. 2 Nonbinding United Nations pact to encourage businesses worldwide to adopt sustainable and socially responsible policies, and to report on their implementation.
SUSTAINABILITY - SCANIA
DRIVING THE SHIFT TOWARDS A SUSTAINABLE TRANSPORT SYSTEM
Three pillars for sustainable transport.
Doing the right things
Sustainable transport KPIsStrategic sustainability key areas
Reducing CO2 emissions
Responsible business.
Doing things right
Targets for several business areas
Circular business
Selected target
Science Based Targets initiative:
Scania as first major manufacturer of heavy-duty commercial vehicles to have its climate targets officially approved.
Scania is committed to achieving the Paris agreement goals of limiting global warming to 1.5°C above pre-industrial levels.
Scania will cut CO2 emissions from its own operations (Scope 1+2) by 50% by 2025 (2015) and reduce emissions from its products (Scope 3) by 20% by 2025 (2015).
People sustainability
Green Bond Framework
(rated "Dark Green" by CICERO Shades of Green)
SUSTAINABILITY - MAN T&B/VWCO
STRUCTURED MULTI-STEP APPROACH TO DERIVE SUSTAINABILITY ACTION FIELDS - MATERIALITY ANALYSIS
Identification of potential fields of action for MAN T&B/VWCO
• Focus on global challenges
• Concrete objectives
• High business impact
• Alignment with corporate strategyPrioritization by dedicated corporate sustainability council
• Analysis and prioritization of potential action fields
• Alignment of action fields with stakeholders
Assessment by external stakeholders
• Stakeholders include suppliers, customers,
NGOs, universities, auto OEMs, representatives of cities, and insurance companies
Finalization of sustainability topics with corporate strategy
• Sustainability action fields linked to existing / future programs of corporate functional strategy
Sustainability strategy fully integrated in the corporate functional strategy
SUSTAINABILITY ACTION FIELDS
• Reducing greenhouse gas emissions from production and logistics
• Reducing pollutant emission
• Adapting to climate change
• Reducing greenhouse gas emissions over the product life cycle
• Reducing pollutant emissions
• Improving road safety
• Sustainable mobility services
Responsibility for
ProductionResponsibility for
ProductsResponsibility for
People
• Holistic health management
• Needs-based vocational training that is fit for the future
• Working world of the future - designing new forms of work
• Future-proof talent management
• Relevance of issuing CSR standards
• Responsible handling of conflict minerals
• Reviewing human and employee rights in the supply chain
• Record of CO2 emissions in the supply chain
Responsibility for
Supply ChainResponsibility for Society and Integrity
• Exemplary compliance and risk management
• Open stakeholder dialogue
• Constructive dialogue with policymakers based on facts
CLEAN, SAFE, CARING. DRIVING RESPONSIBLE TRANSPORT
TRATON SE - ISS ESG CORPORATE RATING
• Rating puts TRATON in the top 14% of the industry (269
machinery companies)
• Eco-efficiency category: A- "very good"
• The overall transparency level is ranked "very high"
Source: ISS ESG. As of August 19, 2020 2021 / Corporate Communications / Company Presentation
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Traton SE published this content on 19 March 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 March 2021 09:14:05 UTC.