Vibrantz Technologies
Climate Impact & Sustainability Data (2022, 2023)
Reporting Period: 2022
Environmental Metrics
Total Carbon Emissions:472,569 tCO2e/year (2022)
Scope 1 Emissions:322,131 tCO2e/year (2022)
Scope 2 Emissions:150,438 tCO2e/year (2022)
Scope 3 Emissions:Data gathering commenced in 2023
Renewable Energy Share:Varied across sites; some sites at 100%
Total Energy Consumption:1,911,732,077 kWh/year (2022)
Water Consumption:Data to be published Q2 FY 2024/25
Waste Generated:Data to be published Q2 FY 2024/25
Carbon Intensity:Not disclosed
ESG Focus Areas
- Health and Safety
- GHG Emissions
- Community Relations
- Product Lifecycle/Sustainable Sourcing
Environmental Achievements
- Developed Scope 1 and 2 emissions baselines (2022)
- Evaluated reduction targets for Scope 1 and 2 emissions
- Began data gathering on Scope 3 emissions in 2023
- Improved recycling rates at many facilities
- Implemented manufacturing process efficiencies to reduce waste
- Initiatives focused on better waste segregation and increasing awareness
Social Achievements
- Launched “Vibrantz in Action” (VIA) philanthropy program
- Began tracking the number of hours volunteered in 2023
- Implemented employee involvement committees at 90% of sites by end of 2023
- Global benefits harmonization initiated
- Launched Workday HRIS globally
- Launched Vibrantz Online University (VOU) for employee training
Governance Achievements
- Established a CSR Council reporting directly to the CEO
- Formal global rollout of the Code of Ethics
- Completion of the U.S. employee handbook and global consolidation of employment policies and procedures
- Sustainable procurement policies implemented
- Sustainability policy statements published
- Established a formal approval matrix for all commitments
Climate Goals & Targets
Long-term Goals:
- Not disclosed
Medium-term Goals:
- Not disclosed
Short-term Goals:
- Reduce total Scope 1 and 2 GHG emissions by 4% by 2025
- Achieve 40% employee participation in the VIA program in 2024
- Complete LCAs on six pilot products by 2025
- Complete EcoVadis supply chain assessment for all three business units and three operating regions by 2025
Environmental Challenges
- Demand weakness in many end-markets
- High inventory levels from the pandemic
- Data limitations in GHG emissions and water usage reporting
- Challenges associated with water stress varying between different water basins and regions
- Need to fully define nature-related risk and opportunity profile, particularly involving the supply chain
Mitigation Strategies
- Swift action to remain well-positioned to serve customers
- Large-scale integration efforts
- Improved data collection and reporting processes for GHG emissions and water usage
- Completed a water risk analysis to understand operational sites in areas of water stress
- Commenced an initial assessment of climate-related risks and opportunities
- Initiated site-based energy saving programs to improve energy efficiency
Supply Chain Management
Supplier Audits: EcoVadis assessments underway; Color Solutions EMEA completed in 2023
Responsible Procurement
- Sustainable Procurement Policy
- Supplier Code of Conduct
Climate-Related Risks & Opportunities
Physical Risks
- Water scarcity
- Heat waves
- Extreme weather events
Transition Risks
- Regulatory changes
- Market shifts
Opportunities
- Development of energy-efficient products
- Growth in EV and renewable energy markets
Reporting Standards
Frameworks Used: SASB, GRI
Certifications: Null
Third-party Assurance: Nature Positive
UN Sustainable Development Goals
- SDG 3
- SDG 4
- SDG 6
- SDG 7
- SDG 8
- SDG 9
- SDG 12
- SDG 13
Vibrantz's initiatives contribute to these goals through various actions detailed in the report.
Sustainable Products & Innovation
- Pearls biocide-free tinting solution
- Infrared reflective pigments
- High-purity manganese sulfate for EV batteries
Awards & Recognition
- EcoVadis “Committed” badge
- Great Place to Work recognition in Mexico
Reporting Period: 2023
Environmental Metrics
ESG Focus Areas
- Ethically Centered
- Socially Connected
- Environmentally Responsible
- Financially Disciplined
Environmental Achievements
- Baltimore site installed new catalysts, resulting in a 7% (furnace) and 19% (roaster) decrease in natural gas usage per ton of product produced and a 33% reduction in nitrogen usage.
- Barcelona, Llodio, and Girardota sites source 100% renewable electricity.
- Montevideo site sources 90% renewable electricity.
- Johannesburg and Maastricht sites utilize their own solar power systems.
- Pearls plant design at Sittard facility has a low-carbon footprint.
- Menen, Zibo, and St. Dizier sites installed heat recovery systems.
- Ubersetto site eliminated natural gas use.
- Almazora site installed specialized compressors, saving 1,353 MWh/year.
- Burslem site installed agitator timers, reducing energy usage by 75%.
- Many sites replaced traditional light bulbs with LEDs and installed motion sensors.
Social Achievements
- Established a global compliance program including a Code of Ethics, ethics hotline, cybersecurity protocols, and training.
- Implemented Sustainable Procurement Policy and Supplier Code of Conduct.
- Partnered with EcoVadis to review suppliers.
- Trained 90% of key purchasing decision-makers on sustainable procurement.
- Launched SafeStart behavioral-based safety system.
- Launched Cardinal Safety Rule training initiative.
Governance Achievements
- Established a CSR Council.
- Developed a global trade compliance management system.
- Created a Quality Assurance and Regulatory Affairs (QARA) department.
Climate Goals & Targets
Long-term Goals:
- Achieve a TRIR of 0.2 by 2030.
- Set long-term Scope 1 and 2 reduction target by end of 2024.
- Complete carbon management plan and all scope targets for high priority sites by end of 2026.
Medium-term Goals:
- Lower TRIR to 0.4 by 2028.
Short-term Goals:
- Reduce total Scope 1 and 2 carbon emissions by 4% by the end of 2025.
- Achieve a TRIR of 0.9 in 2024.
Environmental Challenges
- Weak demand across many end-markets due to high inventory levels.
- Large-scale integration challenges.
- Localized water challenges varying between regions.
- Identifying and managing risks in the supply chain.
Mitigation Strategies
- Swift action to remain well-positioned to serve customers.
- Implementation of the “Vibrantz Way” to improve efficiency and accountability.
- Gathering operational water use data to understand demands and improve efficiency.
- Water risk analysis to understand sites in areas of water stress.
- EcoVadis supply chain assessment to identify and manage supplier risks.
- Development of the “Vibrantz CSR Supplier’s Risk Analysis” to identify and address risky suppliers.
Supply Chain Management
Supplier Audits: Completed a review of all suppliers for our Color Solutions business unit in the EMEA region and started a review of all suppliers for our Advanced Materials and Performance Coatings in EMEA in December. Will expand these reviews to the Americas and Asia Pacific regions for all three business units.
Responsible Procurement
- Implemented Sustainable Procurement Policy and Supplier Code of Conduct.
- Partnered with EcoVadis for supplier assessment.
Climate-Related Risks & Opportunities
Sustainable Products & Innovation
- Pearls biocide-free tinting solution
- Reflective pigments for plastic recycling
- High-purity manganese sulfate for batteries
- Surface polishing technologies for next-gen semiconductors
- UV Solutions pigment dispersion technology
- Reflective pigments for building energy efficiency
- Chemical-free porcelain enamels for cookware
- Engineered inks for digital printing
Awards & Recognition
- EcoVadis “Committed” badge