Soudal Holding N.V.
Climate Impact & Sustainability Data (2023)
Reporting Period: 2023
Environmental Metrics
Total Carbon Emissions:16,000+ tCO2e/year (Scope 1), 15,000 tCO2e/year (Scope 2)
Scope 1 Emissions:16,000+ tCO2e/year
Scope 2 Emissions:15,000 tCO2e/year
Water Consumption:10,000 m3/year (Turnhout)
Waste Generated:4,727 tons/year (Turnhout)
ESG Focus Areas
- Climate Action
- Protection of the environment
- Circular products
- Working safely and healthy
- Global business on a human scale
- Sustainable employment
- Economic growth
- Corporate responsibility
- Continuous product innovation
Environmental Achievements
- Commissioning of Plant 5, a highly automated and energy-efficient production site with an ‘outstanding’ BREEAM score.
- 99.9% less HFC propellants used in products.
- Reduced wastewater discharge from Plants 1, 2, and 3 in Turnhout by 4 tonnes compared to 2022.
- Increased use of recycled packaging materials (PCR) by 170 tonnes compared to the previous year.
- Introduced sustainable Bluemint® steel in aerosol cans, reducing CO2 emissions during production.
Social Achievements
- Maintained low employee turnover, particularly among white-collar workers in Belgium (4.9%).
- 82% of employees in Turnhout participated in performance and development reviews.
- Launched the ‘Thanks for Being (You)’ campaign to communicate Soudal's values and promote diversity and inclusion.
- Organized ‘Intercultural Awareness’ training to foster understanding and collaboration among diverse teams.
Governance Achievements
- No convictions for violating anti-corruption and anti-bribery laws.
- No ongoing legal proceedings due to overdue payments.
- Established an international ‘Code of Conduct and Ethics’ and rolled it out to all branches.
Climate Goals & Targets
Long-term Goals:
- Achieve Net Zero emissions by 2050.
Medium-term Goals:
- Reduce the frequency rate of occupational accidents to less than 5 by 2030.
- Reduce employee turnover by 15% by 2030.
- Achieve 100% participation in performance and development reviews by 2030.
- Increase annual training hours per employee to 24 hours by 2030.
Short-term Goals:
- Develop a Climate Policy with energy as a focus point.
- Evaluate Scope 3 emissions for the entire Soudal group.
- Develop a Supplier Code of Conduct.
- Introduce an annual digital satisfaction survey in all affiliates.
Environmental Challenges
- Finding enough new employees with the right profile.
- Scope 3 emissions (indirect emissions in the value chain).
- Lack of sustainable and cost-effective alternatives to propellants.
- Limited availability of recycled packaging materials and sustainable raw materials.
- Complex geopolitical situations impacting growth in certain regions.
- Maintaining safety culture and standards across a growing global operation.
- Increasing demand for raw materials leading to scarcity and price fluctuations.
Mitigation Strategies
- Investing in automation and digitalization to reduce reliance on additional employees.
- Developing a Climate Policy with emission reduction targets for 2030 and 2050.
- Replacing HFCs with HFOs and working on products that no longer require HFOs.
- Working with partners to increase the availability of recycled materials and explore alternative packaging.
- Diversifying raw material sources to ensure a secure supply.
- Implementing the ‘Soudal Safety Building’ program to standardize safety across all locations.
- Developing a Supplier Code of Conduct and using the Sedex tool to screen suppliers ethically.
Supply Chain Management
Responsible Procurement
- Sustainable purchasing policy; developing a Supplier Code of Conduct; using the Sedex tool to screen suppliers.
Climate-Related Risks & Opportunities
Transition Risks
- Stricter climate legislation
- Carbon tax leading to higher costs and unfair competition
Opportunities
- Increased demand for sustainable renovation solutions and energy-efficient buildings.
Reporting Standards
Frameworks Used: CSRD
Certifications: ISO 14001 (Turnhout)
Sustainable Products & Innovation
- Healthy House product range; HMX technology; isocyanate-free foams; water-based mounting adhesives.
Awards & Recognition
- Best Managed Company (Deloitte)
- Top Employer