Climate Change Data

Environmental Metrics

ESG Focus Areas

• Climate Change
• Circular Economy
• Social Inclusion

Environmental Achievements

• Acquired 75% of De Wijs-van Loon BV, a Dutch recycling company with a unique EPS recycling process.
• Established a new recycling facility in Portugal with an annual capacity of approximately 10,000 tonnes.
• Acquired assets from EPS Recycle in Denmark, establishing a closed-loop recycling system.
• Launched GreenLine product range with Recycled Inside label (up to 100% recycled material).
• Recycled 2,500 tonnes of fish boxes, achieving profitability.
• Reduced inbound shipping costs and CO2 footprint with reusable BEWI pallets.
• Introduced a green vapor barrier made from renewable raw materials (sugarcane).

Social Achievements

• Appointed Camilla Louise Bjerkli as Director of Sustainability.
• Established BEWI Business School for internal professional development.
• Launched a talent program for succession planning and skills development.
• Collaborated with employment services to provide job opportunities.
• Supported the Loza Foundation and other charity projects.
• Signed the European Plastic Pact.
• Participated in Operation Clean Sweep to prevent plastic litter in marine environments.

Governance Achievements

• Implemented a Code of Conduct covering employee treatment, health & safety, customer/supplier relations, and responsible business conduct.
• Established a whistleblowing service.
• Requires a Code of Conduct from its suppliers.
• Works to improve routines and documentation to assess suppliers on human and labor rights, ethical standards, and environmental policies.
• Started mapping its carbon footprint according to the GHG protocol methodology.

Climate Goals & Targets

Environmental Challenges

• Need for adjusted regulations to make recycling competitive with virgin materials.
• Increased demand for reporting and documenting environmental impact throughout the value chain.
• Most emissions occur outside BEWI's own walls (scope 3).
• Need for a common, transparent method for mapping environmental impact throughout the production chain.
• Insufficient sorting of used EPS for recycling.
• Higher cost of products made from recycled materials compared to virgin materials.
• Ensuring large enough volumes of recycled raw materials and improving their quality.

Mitigation Strategies

• Investing in increasing recycling capacity (approximately €10 million).
• Launching initiatives to raise awareness about EPS recycling (e.g., Use-ReUse initiative).
• Actively engaging with stakeholders to improve sustainability in the value chain.
• Strategic acquisitions to increase recycling capacity.
• Working to establish a system to ensure that all suppliers comply with sustainability requirements.
• Focusing on increasing sorting and ensuring high quality of recycled raw materials.
• Hoping for new regulations and incentives to favor recycled materials.

Supply Chain Management

Responsible Procurement

• Sustainability guidelines implemented in 2019.
• Requires Code of Conduct from suppliers since 2017.
• Actively collaborating with suppliers to document and follow up on their sustainability work.

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI

Certifications: ISO 14001

UN Sustainable Development Goals

• Goal 7 (Affordable and Clean Energy)
• Goal 9 (Industry, Innovation, and Infrastructure)
• Goal 12 (Responsible Consumption and Production)
• Goal 13 (Climate Action)

BEWI's initiatives contribute to these goals through its focus on renewable energy, circular economy, sustainable production and consumption, and climate action.

Sustainable Products & Innovation

• GreenLine product range with Recycled Inside label
• BEWI Rebox (reusable fish box)
• Green vapor barrier made from sugarcane

Awards & Recognition

• BEWI Circular was a finalist in the Innovator of the Year category at The Swedish Recycling Awards.

Environmental Metrics

ESG Focus Areas

• Climate change
• Circular economy
• Biodiversity and ecosystems
• Own workforce
• Workers in value chain
• Ethical business conduct

Environmental Achievements

• ~63 million tonnes of potential CO2 savings over the lifetime of solutions sold in 2023
• ~27,000 tonnes of EPS collected for recycling in 2023
• Improvements in quality of recycled GPPS by removal of contaminants
• Further developed technology and recycled grades to RAW’s new production line
• Increased use of recycled material in insulation products and solutions
• Increased extrusion capacity
• Completed new production line for EPS raw materials in Etten-Leur, enabling increased use of recycled material
• REDcert certification of upstream and downstream facilities

Social Achievements

• 242 employed (Value for Waste project)
• 411 tonnes of waste collected for recycling (Value for Waste project)
• EUR 68,700 income generation (Value for Waste project)
• Improved safety performance reporting
• Established BEWI Business School, including professional leadership and growth programmes
• Overall BE heard Index of 62 (2023 employee survey)

Governance Achievements

• Successfully integrated acquired companies, including extracted synergies
• Strengthened the circular capabilities and advanced on important innovation projects
• Adapted to challenging markets, by reducing cost and capacity
• Completed several important growth projects
• Strengthened the balance sheet and exited the year with a solid cash position
• Further developed a strong pipeline of strategic growth opportunities
• Adopted a new sanction policy to ensure compliance with relevant sanctions

Climate Goals & Targets

Environmental Challenges

• Challenging markets and a substantial decline in the activity in many industries due to wars and macroeconomic uncertainty
• Downturn in the building and construction industry leading to lower volumes and a reduced financial result
• Strong competition in the market
• Accelerated downturn in the German market
• Low activity in the building and construction industry impacting demand for recycled material
• Fragmented and immature market for waste streams
• Volatile raw material prices
• Difficulties to engage and keep skilled employees
• Inability to adapt to inflation, high interest rates, reduced market demand
• Geopolitical conflicts threatening supply, customer demand, costs and reputation/image
• Lack of critical raw materials or utilities
• Limitations or regulations preventing usage of raw materials and/or the sale of finished products
• Negative reputation, concerns related to microplastics

Mitigation Strategies

• Effective measures to reduce cost and capacity
• Integration of acquired companies, securing synergies and profitability improvements
• Increased use of recycled content in its production
• Capitalising on organic growth projects
• Strengthening its balance sheet
• Cost and capacity adjustments, ensure effective logistics and strong focus on R&D and innovations
• Mapping of the current PLC's used, creating renewal/ update plans
• Talent and growth developments, succession planning, employee branding
• High level risk management including monitoring of raw material prices, inventories, market development, strict cost control
• Close monitoring in order to be ahead of potential threats and continuously adjusting the business to the actual situation
• Alternative suppliers and multi-sourcing. Vertical integration in own value chain
• Climate reduction plans with actions to reduce GHG emissions, focusing on securing waste streams, increasing collection and recycling capacity
• Regular monitoring of potential risks, cooperations with authorities and implementation of Operation Clean Sweep at all sites

Supply Chain Management

Supplier Audits: 1,127 suppliers received assessment questionnaire; 60% approved since 2021

Responsible Procurement

• Supplier Code of Conduct
• BEWI Partner - supplier assessment platform
• Risk assessment
• Monthly and annual reporting
• External and internal audits

Climate-Related Risks & Opportunities

Physical Risks

• Flooding and extreme weather impacting BEWI’s assets
• Physical impact of climate change in supply chain

Transition Risks

• More stringent regulations on GHG emissions
• Limited access to waste materials for recycling
• Change in market preferences for plastic packaging
• Failure to decarbonise supply chain and raw material suppliers
• Failure to generate business value from decarbonisation

Opportunities

• Providing customers with products and solutions that contribute to lower their emissions

Reporting Standards

Frameworks Used: ESRS, UN Global Compact, EU Taxonomy, TCFD, SBTi, TNFD

Certifications: ISO 14001, REDcert

UN Sustainable Development Goals

• Goal 7 (Affordable and clean energy)
• Goal 12 (Responsible consumption and production)
• Goal 13 (Climate action)

BEWI's initiatives contribute to these goals through energy-efficient solutions, circular economy practices, and GHG emission reduction efforts.

Sustainable Products & Innovation

• GreenLine product series (products with a lower climate footprint)
• Products containing 100 per cent recycled material
• Xire, a ground-breaking fire barrier to support use of EPS in roof and wall solutions