Munters Group AB
Climate Impact & Sustainability Data (2024-01 to 2024-06)
Reporting Period: 2024-01 to 2024-06
Environmental Metrics
ESG Focus Areas
- Climate Change
- Gender Equity
- Code of Conduct Compliance
Environmental Achievements
- Committed to the Science Based Targets initiative (SBTi) and setting ambitious climate goals.
Social Achievements
- Acquisition of Automated Environments (AEI) to improve animal welfare and reduce egg production costs.
- Continued investment in digitalizing ways-of-working, manufacturing footprint and innovation.
Governance Achievements
- Continued progress towards 100% Code of Conduct compliance for employees and suppliers.
Climate Goals & Targets
Long-term Goals:
- Net zero CO2e emissions (Scope 1&2); Scope 3 reduction in line with the Paris Agreement 1.5°C
- Women in workforce to reach 30%; Women leaders to reach 30%
- 100% Code of Conduct compliance for employees and suppliers
Medium-term Goals:
- Annual currency-adjusted net sales growth above 14%
- Adjusted EBITA margin above 14%
- Average (LTM) operating working capital in the range of 13-10% of net sales
- Revenues from service & components to reach > 1/3 of net sales
Environmental Challenges
- Weaker battery sub-segment in APAC impacting AirTech.
- Uneven market in DCT leading to fluctuating order intake.
- Delays in greenfield investments and customers placing orders closer to delivery in AirTech.
Mitigation Strategies
- Efficiency improvements and positive product mix in AirTech.
- Diligent lean practices and good delivery on orders in DCT.
- Higher volumes and significant efficiency gains in FoodTech.
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: Science Based Targets initiative (SBTi)