Climate Change Data

MAT Foundry Group Limited

Climate Impact & Sustainability Data (2023)

Reporting Period: 2023

Environmental Metrics

ESG Focus Areas

  • Environmental Protection
  • Social Responsibility
  • Governance and Ethical Conduct

Environmental Achievements

  • Significant strides in reducing waste and improving energy efficiencies of MFG’s facilities
  • Investment in renewable energy sources has led to a notable decrease in greenhouse gas emissions
  • Implementation of sand reclamation, reusing waste foundry sand

Social Achievements

  • Implemented targeted initiatives aimed at fostering a culture of inclusivity and equity with our workforce
  • Investing in health and safety measures and supporting local initiatives that promote education and economic development

Governance Achievements

  • Strengthened our governance framework by enhancing accountability mechanisms and promoting ethical conduct across all levels of our organization

Climate Goals & Targets

Long-term Goals:
  • Increase usage of renewable energy (30% in 2025, 50% in 2030, 75% in 2040)
  • Increase usage of recycled materials (95.5% in 2025, 96% in 2030, 97% in 2040)
  • Establish Scope 3 emissions and levers, set goals for reduction levels and increase local procurement to 95% from country of facility by 2040
Short-term Goals:
  • Rollout of Advanced Gating System
  • Ensure brake rotor compliance with EURO 7 regulation
  • Add a range of IAM Mercedes lightweight rotors to the EURAC Group portfolio

Environmental Challenges

  • Minimizing ecological footprint of large-scale industrial manufacturing
  • Addressing conflict minerals in supply chain
  • Navigating evolving safety regulations and standards
Mitigation Strategies
  • Investing in innovative technologies that reduce waste, increase efficiency, and enhance product sustainability
  • Exploring alternative materials/processes to reduce dependency on 3TG minerals
  • Implementing comprehensive workplace safety programs, regular safety training, and robust incident reporting system

Supply Chain Management

Responsible Procurement
  • Auditing suppliers’ environmental practices and working collaboratively to improve their ESG performance
  • Establishing clear supplier standards that align with its human rights policies

Climate-Related Risks & Opportunities

Sustainable Products & Innovation

  • Lightweight brake rotors
  • High Performance Rotors