Climate Change Data

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