Vitesco Technologies publishes its first Global Diversity, Equity and Inclusion Report

· The report documents the company’s progress across four DE&I strategic pillars: Listen and Learn; Develop and Retain Employees; Instill Accountability and Be a Role Model

· It showcases the activities of nine ERGs (employee resource groups) and DE&I Councils with more than 9,000 employees across the globe

· Workforce is diverse with a high degree of internationality and a proportion of nearly 36% females

Hyderabad/ Pune, May 20, 2024: Vitesco Technologies, a leading international supplier of advanced drive technologies and solutions for e-mobility, today publishes its first Global Diversity, Equity and Inclusion Report. “This report represents a significant milestone in the company's journey towards creating a more equitable and inclusive work environment”, says Florencia Stanfield, Chief Diversity Officer at Vitesco Technologies.

Vitesco Technologies has committed itself to comply with the UN Women Principles and the Diversity Charter Principles. Continuing the journey to create an inclusive workplace, the company has developed inclusive leadership practices: Leaders undergo coaching initiatives as well as training on unconscious bias and inclusive leadership, among other things. In addition, the company supports its employees in setting up Employee Resource Groups. These are voluntary, employee-led interest groups on specific characteristics or life experiences. The company has also set itself the goal of increasing the proportion of women in management positions to 21% by 2026.

Vitesco Technologies has a diverse workforce of around 35,500

employees from 97 nations at around 50 locations. “We recognize

that our continued success depends on our ability to build a work

environment that champions diversity, equity and inclusion

worldwide”, Stanfield explains.

2023 was a year of consolidation and growth in the company’s DE&I

practice. Various DE&I initiatives have matured, the ERGs have expanded their reach to multiple countries and locations, and new DE&I Councils have been formed. Vitesco Technologies’ efforts in DE&I have been recognized several times with various awards.

Vitesco Technologies is a leading international developer and manufacturer of cutting-edge drive systems for sustainable mobility. With intelligent system solutions and components for electric, hybrid, and internal combustion drive systems, Vitesco Technologies is making mobi lity clean, efficient, and affordable. The product portfolio includes electric drives, electronic controls, sensors and actuators, and exhaust gas treatment solutions. In 2023, Vitesco Technologies generated sales of around €9.23 billion and employs a work force of around 35.500 employees at 50 locations. Vitesco Technologies is headquartered in Regensburg, Germany.