Robit Plc
Climate Impact & Sustainability Data (2015, 2016)
Reporting Period: 2015
Environmental Metrics
ESG Focus Areas
- Environmental Responsibility
- Work Safety
- Employee Wellbeing
Environmental Achievements
- Started creating an environmental management system in accordance with the ISO 14001 standard (certification planned for 2016).
- In the environmentally friendly steel production process the CO² emissions have been reduced by 80 %. Out of the process waste 95 % is recycled, including the process smoke, which is filtered.
Social Achievements
- No occupational accidents leading to absence from work occurred at any Robit location during 2015.
- Launched Robit Talent program to hire and train young people.
- Personnel survey showed good results regarding job satisfaction.
Governance Achievements
- Successful IPO in May 2015, raising EUR 30.4 million.
- Established three new strategic business units (Top Hammer, Down-the-Hole, and Digital Services).
Climate Goals & Targets
Long-term Goals:
- Double global market share.
Medium-term Goals:
- Achieve the long-term strategic target of EBITA of +13%.
Short-term Goals:
- Introduce ISO 14001 management system in all subsidiaries.
Environmental Challenges
- Challenging global market for drilling consumables.
- Weak economic situation and decline of the ruble in Russia and CIS countries.
- Negative development of the South African rand against the euro.
Mitigation Strategies
- Investments in new employees and active market presence to increase global market share.
- Establishment of a new sales company in Peru and a sales office in Thailand.
- Development of new products and technologies (Robit Sense System, Robit Prime ring bit series, fiberglass casing systems).
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: ISO 14001
Sustainable Products & Innovation
- Robit Sense System
- Robit Prime ring bit series
- fiberglass casing systems
Reporting Period: 2016
Environmental Metrics
ESG Focus Areas
- Health, Safety, and Environment (HSE)
- Employee Well-being
- Corporate Responsibility
Environmental Achievements
- Reduced CO2 emissions by 80% in steel production.
- Improved waste sorting facilities to reduce municipal waste.
- Switched lighting to LED and upgraded heating to district heating in Lempäälä premises to save energy.
- Implemented ISO 14001:2015 Environmental Management System in Finnish locations.
Social Achievements
- Launched Management Training Programme for key managers.
- Improved employee satisfaction (based on personnel survey).
- Increased workforce to 263, with 75% outside Finland.
- Implemented a more comprehensive HSE development program.
Governance Achievements
- Won 1st Award in the competition for “Best Investor Websites” of 2016.
- Received 3rd prize in the European Small and Mid-Cap Award 2016.
- Established three strategic business units (Top Hammer, Down the Hole, Digital Services).
Climate Goals & Targets
Long-term Goals:
- Double its global market share.
Environmental Challenges
- Challenging market situation at the beginning of 2016.
- Tough realities in the mining sector and commodity market in Africa.
- Uncertainty in individual market environments.
- Slow start to 2016 in Americas, with postponed construction projects.
- Challenging Russia and CIS markets due to exchange rate and import restrictions.
Mitigation Strategies
- Major efforts in customer interface and persistent sales personnel.
- Reinforced professional dealer network in Africa.
- Investments in sales offices in USA and Peru.
- Maintaining key customer relationships in Russia.
- Focus on Americas region in 2017.
Supply Chain Management
Responsible Procurement
- Global sourcing activity
Climate-Related Risks & Opportunities
Sustainable Products & Innovation
- Robit Sense Systems
- Top Hammer drill tube product line
- Robit Flow Control system
Awards & Recognition
- 1st Award for “Best Investor Websites”
- 3rd prize in the European Small and Mid-Cap Award 2016