ROCKWOOL A/S
Climate Impact & Sustainability Data (2022)
Reporting Period: 2022
Environmental Metrics
Total Carbon Emissions:1.98 Mt CO2e
Scope 1 Emissions:1.45 Mt CO2
Scope 2 Emissions:0.20 Mt CO2 (market-based), 0.33 Mt CO2 (location-based)
Scope 3 Emissions:1.02 Mt CO2e
Total Energy Consumption:5561 GWh
Water Consumption:3.65 Mm³
Waste Generated:276 kt
Carbon Intensity:Improved carbon intensity in manufacturing.
ESG Focus Areas
- Climate Change
- Circular Economy
- Water Management
- Biodiversity
- Safety
- Human Rights
- Diversity & Inclusion
- Community Engagement
- Responsible Sourcing
- Business Ethics
Environmental Achievements
- Improved average global carbon intensity of manufacturing by 17% compared to 2015 baseline.
- Reduced absolute greenhouse gas Scope 1 and 2 emissions by 4% and Scope 3 emissions by 1% compared to 2019 baseline.
- Met intermediate 2022 sustainability goal for energy efficiency in owned offices (39% improvement compared to 2015 baseline).
- Reduced landfill waste by 51% compared to 2015 baseline.
- Reduced water intensity in production by 14% compared to 2015 baseline.
- Expanded Rockcycle recycling services to 19 countries.
Social Achievements
- Improved Lost Time Incident (LTI) rate by 24% (from 3.6 to 2.7).
- Achieved Board gender diversity goal.
- French business unit scored 89 out of 100 points on the Gender Equality Index.
- Provided emergency shelter and support to those affected by the war in Ukraine.
- Increased employee satisfaction and motivation scores.
Governance Achievements
- Revised Group Code of Conduct.
- Approved a dedicated Human Rights Policy.
- Revised Supplier Code of Conduct.
- Updated Group policy on the use of donations and non-commercial sponsorships.
- Strengthened anti-corruption measures.
Climate Goals & Targets
Long-term Goals:
- Achieve net-zero emissions by 2050.
Medium-term Goals:
- Reduce absolute Scope 1 and 2 GHG emissions by 38% by 2034 (compared to 2019 baseline).
- Reduce absolute Scope 3 GHG emissions by 20% by 2034 (compared to 2019 baseline).
Short-term Goals:
- Reduce LTI frequency rate by 10% and ensure zero fatalities annually.
- Reduce water use intensity by 20% by 2030 (compared to 2015 baseline).
- Reduce landfill waste by 85% by 2030 (compared to 2015 baseline).
- Offer Rockcycle services in 30 countries by 2030.
Environmental Challenges
- Workplace fatality at Polish factory.
- Global energy challenges and volatile economic conditions exacerbating the climate crisis.
- Energy poverty among vulnerable populations.
- Supply chain disruptions.
- Need to accelerate decarbonization efforts.
Mitigation Strategies
- Detailed investigation and implementation of additional accident prevention measures following workplace fatality.
- Deep energy efficiency renovation of buildings (including ROCKWOOL's own offices).
- Transitioning from coal and coke to less carbon-intensive fuels.
- Exploring green hydrogen as a fuel source.
- Strengthening human rights commitments and due diligence activities.
Supply Chain Management
Responsible Procurement
- Supplier Code of Conduct (approximately 74% of suppliers signed).
Climate-Related Risks & Opportunities
Physical Risks
- Extreme weather events
Transition Risks
- Regulatory changes
- Market shifts
Opportunities
- Development of energy-efficient products
Reporting Standards
Frameworks Used: UN Global Compact, UN SDGs, EU Taxonomy, TCFD
Certifications: ISO 14001, ISO 45001, ISO 50001, EUCEB
Third-party Assurance: PricewaterhouseCoopers
UN Sustainable Development Goals
- SDG 2
- SDG 3
- SDG 6
- SDG 7
- SDG 8
- SDG 9
- SDG 11
- SDG 12
- SDG 13
- SDG 14
- SDG 17
ROCKWOOL's products and operations contribute to these goals through various initiatives.
Sustainable Products & Innovation
- Stone wool insulation products; Grodan growing media; Rockfon acoustic solutions; Rockpanel cladding.
Awards & Recognition
- Corporate Knights Global 100 Index (16th overall, 1st in Building Products); CDP Leadership level rating; MSCI AA rating; ISS ESG Prime status; V.E Limited Risk classification.