Climate Change Data

Environmental Metrics

ESG Focus Areas

• Safety
• Circular economy
• Green innovation and recycling
• Sustainable water management

Environmental Achievements

• Improved water efficiency by 13.2%
• Improved waste efficiency by 9%
• Energy efficiency improved by 5.7%
• Greenhouse gas emissions decreased by 7.5%
• 50% recycled material used in Ecolotube product in Canada
• 20% recycled material used in HomeTech product in France
• Redesigned PVC fittings in Italy to be 20% lighter with 25% lower carbon footprint
• Rainwater harvesting tanks installed at Yatala Plastics in Australia (72,000 liters)

Social Achievements

• 21% fewer safety accidents compared to 2019
• Launched the Aliaxis People Solidarity Fund, supporting 57 employee families
• Supported 1,100+ families through water management projects in partnership with the Selavip Foundation
• Developed a new global program to attract and develop more female employees
• Associate in Training (AIT) program in North America with 31% female and 38% minority hires
• Became a member of Inclusive Employers in the UK
• Ashirvad Cares program in India reached out to 650,000 plumbers, mechanics, and contractors

Governance Achievements

• Developed a sustainability framework based on materiality analysis
• Established a dedicated council to oversee the implementation of the sustainability framework
• Adopted global labour standards aligned to the International Labour Organization (ILO) Core Conventions

Climate Goals & Targets

Environmental Challenges

• COVID-19 pandemic impacting operations and demand
• Supply chain disruptions due to hurricanes and severe weather in the USA
• Global demand for oil plummeting impacting the Canadian economy
• Lockdowns and travel restrictions impacting APAC business
• Market volatility and low-cost imports in APAC
• Global shortages in PVC resin and freight imbalances in Asia
• Difficult economic and political environment in some Latin American countries
• Reduced spending in industrial construction in EMEA
• Sudden stoppages and high demand putting stress on the EMEA supply chain
• 54 days of hard shutdown in India due to COVID-19

Mitigation Strategies

• Stringent cost measures and delaying non-critical investments
• Careful management of stock levels and prioritizing available materials
• Expanding digital communications to engage with customers
• Improvement initiatives to drive value in manufacturing plants and supply chain
• Enforcing measures to prevent COVID-19 spread
• Strengthening customer-facing teams and operational excellence program in APAC
• Focusing on markets with potential for sustainable, profitable growth in Latin America
• Strong cost control, close inventory management, and government support in EMEA
• Better cooperation with key suppliers and partners in EMEA
• Implementing an operational excellence program across 15 plants in EMEA
• Adapting quickly, taking actions to protect people and business in India
• Improving services and solutions to meet evolving customer needs in India
• Building ‘Digital Ashirvad’ platform in India
• Expanding plants and opening a new plant in East India
• Revamping the supply chain organization in India
• Investing in new mega-warehouses in India

Supply Chain Management

Climate-Related Risks & Opportunities

Physical Risks

• Hurricanes and severe weather

Opportunities

• Development of energy-efficient products

Reporting Standards

Frameworks Used: International Financial Reporting Standards (IFRS)

Third-party Assurance: KPMG Bedrijfsrevisoren - Réviseurs d’Entreprises

UN Sustainable Development Goals

• SDG 6: Clean Water and Sanitation

Products and solutions support sustainable water management.

Sustainable Products & Innovation

• Ecolotube (50% recycled material)
• HomeTech (20% recycled material)
• Lighter PVC fittings in Italy
• RadonX gas venting system
• MaxiCanal roof gutter system
• AdjustaPit silt pit solution
• Red Snap fast clamping system for DAV Pressure Tapping Valves
• Rainwater harvesting systems in India
• Anti Bacteria Water tank in India

Awards & Recognition

• Nutrien/CRT supplier of the year (Australia)
• Think Water supplier of the year (Australia)
• Ashirvad certified as a Great Place to Work (India)

Environmental Metrics

ESG Focus Areas

• Climate Change
• Recycling
• Water Management
• Diversity & Inclusion
• Operational Excellence
• Access to Clean Water and Sanitation

Environmental Achievements

• Reduced CO2 emissions by 3.2% per ton of production in 2021
• Improved energy efficiency by 12.8% (kWh/ton produced) in 2021
• Maintained waste efficiency (kg/ton produced) in 2021 (-0.2%)
• Improved water efficiency by 14.5% (m3/ton produced) in 2021
• Achieved 100% renewable electricity in New Zealand, Costa Rica, Chile, and Peru in 2021
• Launched circular economy projects to increase recycled content in products
• Vinidex (Australia) partnered with Delta Plastics to recycle 20 tons of PVC per week
• RX Plastics (New Zealand) piloted a project to recycle PVC and polyethylene pipes, reducing landfill waste by 99%
• Spain developed ECO waste outlets and traps made from recycled polypropylene, reducing CO2 emissions by 30%
• Spain reduced the number of different cardboard boxes used for packaging by almost three-quarters

Social Achievements

• Introduced new diversity, equity, and inclusion (DE&I) policies in the Americas
• Launched IPEX DE&I in the Workplace program in North America to increase women's representation
• Hired 60 people at risk of social and economic exclusion in Spain
• Joined REDI, a Spanish network fostering LGBTI+ diversity and inclusion
• Launched a Global Alert Channel for reporting unethical behavior
• Improved reportable incident rate (RIR) from 9.8 in 2020 to 7.5 in 2021 (23% improvement)
• Promoted Sonia Poirier and Christina Micallef to plant manager roles
• Created female bathrooms and changing rooms in a Chilean manufacturing plant
• Donated €140,000 to SELAVIP for projects in Peru, Colombia, and India
• Partnered with The/Nudge Foundation in India to support clean water solutions
• Provided access to clean water and sanitation for over 50 families in Colombia
• Worked on a water recycling project in Lima, Peru, benefiting 100 families
• Participated in Operation Clean Sweep to control plastic pellet loss
• Developed a water supply system for chicken farms in France to reduce antibiotic use

Governance Achievements

• Launched a new whistleblowing policy with a Global Alert Channel
• Maintained high standards of corporate governance similar to listed companies
• Board of Directors met eight times in 2021
• Risk and Audit Committee met four times in 2021
• Appointment and Remuneration Committee met six times in 2021

Climate Goals & Targets

Environmental Challenges

• Supply chain disruptions
• Substantial raw material price increases
• COVID-related shutdowns in India and New Zealand
• Shortfalls in resin supply
• Drop in demand in Peru
• Downturn in Panama’s infrastructure market
• Volatile PVC prices in India
• Devastating floods in Germany, Austria, Belgium, and the Netherlands

Mitigation Strategies

• Improved operational efficiency
• Well-managed supply chain
• Significant investments in new plants and distribution centers
• Investments in digitalization and automation
• Successful refinancing securing €1.6 billion
• Donated €100,000 to the Red Cross for flood relief efforts
• Helped employees, families, and customers get vaccinated in India
• Developed an in-house oxygen concentrator in India during the COVID crisis
• Secured 300 oxygen concentrators from Poland and China for India

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Centralised approach to procurement of major raw materials
• Partnerships with companies that collect post-consumer waste for recycling

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather
• Flooding

Transition Risks

• Regulatory changes
• Market shifts
• Raw material price volatility
• Energy price volatility

Opportunities

• Development of energy-efficient products
• Growth in sustainable water management solutions

Reporting Standards

Frameworks Used: Null

Certifications: Great Place To Work (India)

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• SDG 6: Clean Water and Sanitation

Initiatives focused on access to clean water, sanitation, and sustainable water management

Sustainable Products & Innovation

• StormFLO stormwater drainage system (recycled polyethylene)
• Waste outlets and traps (recycled polypropylene)
• Gutter brackets (100% recycled material)
• RadonX soil gas venting system
• Anti-microbial storage water tank
• Modular hybrid sewage treatment plant
• SmartCrop irrigation system
• HTA range of pipe systems for sanitary water systems

Awards & Recognition

• Blue Elephant award for Ashirvad water tanks

Environmental Metrics

ESG Focus Areas

• Climate Change
• Water Management
• Renewable Energy
• Recycling
• Safety

Environmental Achievements

• Reduced carbon intensity by 12%
• 22% of operations transitioned to renewable electricity
• Increased externally sourced recyclate in products by 22%

Social Achievements

• Improved safety performance by 46% over three years, reducing reportable incident rate from 7.5 to 5.8
• Launched Ashirvad Water Challenge to empower India's water innovators
• Established two plumbing schools in India to train young people

Governance Achievements

• Reinforced Board with diverse experience
• Held three Board meetings in the field
• Named Belgium’s EY Company of the Year

Climate Goals & Targets

Environmental Challenges

• Supply chain disruptions
• Price volatility
• High inflation
• Geopolitical instability (e.g., war in Ukraine, situation in Chile and Peru)
• Adverse weather conditions in India

Mitigation Strategies

• Careful cost control and inventory management
• Continued investment in sustainability, innovation, productivity, and customer intimacy
• Strategic acquisitions (Harco, Lareter)
• Operational excellence programs
• Strong commercial management

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Centralised approach to procurement of major raw materials

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events, floods

Transition Risks

• Regulatory changes, market shifts

Opportunities

• Development of energy-efficient products and solutions

Reporting Standards

Frameworks Used: Null

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• SDG 6 (Clean Water and Sanitation)
• SDG 7 (Affordable and Clean Energy)
• SDG 9 (Industry, Innovation and Infrastructure)
• SDG 13 (Climate Action)

Aliaxis's products and initiatives contribute to sustainable water management, renewable energy transition, and resilient infrastructure, addressing climate change and water scarcity.

Sustainable Products & Innovation

• Anti-microbial water tank
• Lightweight fittings and valves
• Products made from recycled materials
• Bio-attributed PVC resin products
• Drain Water Heat Recovery system

Awards & Recognition

• Belgium’s EY Company of the Year
• Gold prize at the Corporate & Financial Communications Awards for Best Online Report
• Golden Peacock Award for HR Excellence (India)

Environmental Metrics

ESG Focus Areas

• Sustainability
• Climate Change
• Water Scarcity
• Innovation
• Safety

Environmental Achievements

• Reduced carbon intensity in own operations by 18% versus 2021 baseline
• Reached 36% renewable electricity consumption
• Secured renewable electricity supply for all Quebec sites in North America
• Signed PPA contract in Australia for renewable electricity starting January 2025
• Signed 10-year VPPA with Encavis for renewable power in EMEA
• Improved EcoVadis rating from bronze to silver
• All manufacturing sites started reporting environmental information on a new data collection system

Social Achievements

• Launched a global senior leadership development program
• Conducted biennial global employee survey ('Aliaxis & Me') with 92% participation and 85% engagement score
• Improved employee engagement in Performance Management, Communications, Personal Development & Training, and Innovation
• Kick-off year of DE&I roadmap with implementation of DE&I policy
• Increased representation of women in workforce from 19.8% in 2021 to 21.4% in 2023
• Launched a stronger Code of Ethics
• Revised policies on donations, community, competition law, conflicts of interest, risk management, non-audit services, and information security
• 24.9% of 3,500 people hired in 2023 were women

Governance Achievements

• Strengthened global internal policies to reinforce social and governance aspects of ESG approach
• Established new governance principles and updated environmental standards

Climate Goals & Targets

Environmental Challenges

• Challenging economic environment with reduced volumes globally due to declines in housing starts
• Continued impact of high inflation
• Severe economic challenges in Chile, Peru, and Colombia
• Adverse weather conditions in New Zealand
• Sharp decline in UK building segment
• Declining resin prices and severe price competition in Asia
• Difficulty securing external supplies of recyclate for recycled material target

Mitigation Strategies

• Excellent commercial management in North America and the Pacific
• Adjusted with a leaner organization in Chile, Peru, and Colombia
• Strong commercial management and operational excellence programs in the Pacific
• Full integration of Lareter (Italy) performing above expectations
• Strengthened management team in Asia with new CEO, CFO, and CHRO
• Acquisition of Comspec (New Zealand plastic waste recycler) to boost circular economy efforts
• Implementing energy reduction initiatives based on energy audits

Supply Chain Management

Responsible Procurement

• Centralised approach to procurement of major raw materials

Climate-Related Risks & Opportunities

Physical Risks

• Adverse weather conditions

Transition Risks

• Regulatory changes, market shifts, declining resin prices

Opportunities

• Development of energy-efficient products, drain water heat recovery units

Reporting Standards

Frameworks Used: CDP, UN Global Compact, Sustainable Procurement Pledge

Sustainable Products & Innovation

• TerraBrute® corrosion-resistant pipes
• New check valve
• Tech-enabled compact wastewater treatment plant
• Anti-microbial pipes
• Water conservation and stormwater solutions
• Hi-tech mobile leak detection system
• Digital network monitoring solution
• Polymer Curb Stop valves
• Zypho Slim drain water heat recovery system