Climate Change Data

Environmental Metrics

Climate Goals & Targets

Environmental Challenges

• Repli de l’activité de 4.1% compared to the previous period.
• Decrease in gross margin by 10.9% compared to the previous period.
• Restructuring costs in China (83,000 euros).
• Rise in raw material prices, partially absorbed by increased sales prices.
• Geopolitical tensions and tightening financial conditions in emerging markets (Middle East).
• COVID-19 pandemic causing significant slowdown in activity since early April, leading to partial unemployment measures.

Mitigation Strategies

• Cost restructuring in China.
• Increased sales prices.
• Revised commercial strategy in the Middle East.
• Implementation of partial unemployment measures.
• Realignment of fixed cost structure.
• Exploration of deferring tax and social security payments.

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: IFRS

Certifications: ISO 9001

Environmental Metrics

Climate Goals & Targets

Environmental Challenges

• COVID-19 pandemic significantly impacted business activity across various sectors (electronics, automotive, packaging, visual communication), leading to slowed or halted operations in the first half of 2020. The Chinese subsidiary's activity suffered from other countries' lockdowns, despite China's earlier economic reopening. Geopolitical tensions and stricter financial conditions in emerging markets (Middle East) led to a revised commercial strategy and closure of the Lebanon office.
• Litigation in Brazil related to property transfer and claims from a former Dubuit Paint executive delayed property registration.

Mitigation Strategies

• Implemented partial unemployment measures in France, Spain, and Belgium to preserve human capital during the COVID-19 crisis.
• Closed the Lebanon office due to geopolitical challenges.
• Actively managing litigation in Brazil with legal counsel.

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: IFRS

Certifications: ISO 9001

Environmental Metrics

Climate Goals & Targets

Environmental Challenges

• Impacts of the Covid-19 health crisis, particularly in Vietnam (delayed operations) and China (production shutdown since late March 2022 due to zero-COVID policy, leading to supply chain disruptions and increased raw material costs).
• Increased raw material prices and supply costs due to the war in Ukraine and China's zero-COVID policy.

Mitigation Strategies

• Implementing measures to address raw material price increases and shortages.
• Vietnam site reopened in April 2022, allowing for production and commercial development in ASEAN.

Supply Chain Management

Climate-Related Risks & Opportunities

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Preparing for ISO 14001 certification across Asian and European sites; targeting "Prime vert" and EcoVadis labels.

Social Achievements

• Not disclosed

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• Fluctuations in energy and raw material prices; inflationary context and rising interest rates impacting clients in Europe and Asia; geopolitical tensions; decreased turnover in Asia due to general consumer wait-and-see attitude; losses in Vietnam requiring full provisioning despite management reorganization; decreased turnover in the US due to weak commercial presence; discontinuation of textile market impacting turnover.

Mitigation Strategies

• Restructuring of sales and R&D forces in Asia; redesigning commercial policy in North America; focusing on traditional markets like packaging and glass; developing new distributors and partners; targeting under-represented markets; hiring new commercial and R&D resources; implementing corrective measures to limit the impact of inflation on margins; negotiating partnerships with major industrial groups; launching a CSR policy in 2024 to address environmental challenges.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: Null

Certifications: ISO 9001

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• UV inks for packaging and appliances; conductive and transparent inks (Poly-Ink).

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Not disclosed

Environmental Achievements

• Not disclosed

Social Achievements

• Created a dedicated HSE/RSE (Health, Safety, Environment, and Corporate Social Responsibility) department.

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• Difficult economic context in Europe.
• Persistent tensions on raw material supplies.
• Ongoing company restructuring.
• Economic slowdown in Asia (particularly China).
• Geopolitical conflicts impacting activity in Africa and the Middle East.
• US elections, conflicts in the South China Sea, and regulations impacting the chemical industry.

Mitigation Strategies

• Strategic partnership with Schilling for distribution in the US and Canada (closing US subsidiary).
• Intensive training sessions and technical exchanges with the new distributor.
• Actions underway to compensate for the slowdown in Asia and develop a more aggressive strategy for 2025.
• Strategy under development to consolidate presence and increase sales in Africa and the Middle East.
• Deep restructuring to redefine strategy, modernize processes, and establish new alliances.
• Investing in new skills and a new ERP system.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: IFRS

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed