Climate Change Data

Environmental Metrics

ESG Focus Areas

• Climate Action
• Circular Economy
• Employee Well-being
• Sustainable Innovation

Environmental Achievements

• Over the lifetime of their use, the insulation products sold in 2020 will offset 46 times our carbon footprint for the year.
• 1,059 tonnes of PU foam were recycled in the first year of the Recticel Silence collection launch.
• Introduced Electricity Sustainability Roadmap to reduce CO2 impact related to electricity usage by 75% by 2025.

Social Achievements

• Lattoflex® Geltex Wellness mattress awarded Mattress of the Year in Belgium.
• Implemented temporary unemployment schemes to protect employees during the COVID-19 pandemic.
• Maintained robust HR processes despite the pandemic, including employee performance management discussions and compensation management.

Governance Achievements

• Divested non-core business lines (Automotive Interiors, Eurofoam JV, and planned divestment of Bedding) to focus on core competencies.
• Acquired FoamPartner to expand into Engineered Foams, and Gór-Stal to expand insulation capacity.
• Launched HR4U, a digital HR transformation project using SAP SuccessFactors.

Climate Goals & Targets

Environmental Challenges

• COVID-19 pandemic and subsequent chemical raw material supply shortage.
• Raw material price increases due to supply chain disruptions.

Mitigation Strategies

• Implemented cost-saving measures and temporary production shutdowns.
• Successfully passed on raw material price increases to customers.

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI

Third-party Assurance: Audited and certified

UN Sustainable Development Goals

• 3. Good Health and Well-being
• 8. Decent Work and Economic Growth
• 12. Responsible Consumption and Production
• 13. Climate Action
• 17. Partnerships for the Goals

Sustainable Products & Innovation

• Recticel Silence collection (70% recycled PU foam)
• Insulated boxes for COVID-19 vaccine transport

Awards & Recognition

• Prix Journal de la Maison 2021 (France)

Environmental Metrics

ESG Focus Areas

• Climate Change
• Energy Transition
• Circularity & EOL value
• Safety
• Training
• Diversity
• Employee Satisfaction

Environmental Achievements

• Reduced Scope 1 & 2 carbon emissions by 11.2% compared to 2021.
• Increased photovoltaic energy production on-site by 464.3% compared to 2021.
• Successfully completed PUReSmart project, proving chemical recycling of flexible polyurethane.

Social Achievements

• Launched Simply Safe initiative to improve safety culture.
• Held annual Recticel Safety Day to emphasize safety responsibility.
• Offered e-learning programs on sustainability, cybersecurity, and governance with high participation rates.

Governance Achievements

• Joined the Science Based Targets initiative (SBTi).
• Implemented a Whistleblowing Policy.
• Updated its compliance procedures and implemented risk management and due diligence processes for its value chain.

Climate Goals & Targets

Environmental Challenges

• Supply chain disruptions due to the war in Ukraine and rising energy costs.
• Inflation and rising interest rates reducing household disposable income and increasing project costs.
• High cost of Vacuum Insulated Panels (VIPs).

Mitigation Strategies

• Reactivity on pricing and margin management.
• Continuous assessment of supply chains and production processes for vulnerabilities.
• Diversification of supply chains.
• Investment in renewable energy sources.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Sourcing multilayer paper facings from PEFC-certified forests.
• Integrating low-carbon greentec steel from voestalpine AG in insulated panels.

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events impacting production facilities and supply chains.

Transition Risks

• Increased compliance costs due to regulations aimed at reducing greenhouse gas emissions.

Opportunities

• Development of energy-efficient products.
• Attracting and retaining customers, shareholders, investors, and talent.

Reporting Standards

Frameworks Used: GRI, SBTi, EU Taxonomy

Certifications: ISO 14001 (several plants), PEFC, BES 6001, FM Approvals

Third-party Assurance: PwC limited assurance

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Insulation boards with multilayer paper facings from sustainably managed forests.
• Insulated panels with low-carbon greentec steel.
• Simfocor® thermo-acoustic boards made from recycled PU foams.

Awards & Recognition

• Trends Deal of the Year 2022
• M&A Award Belgium

Environmental Metrics

ESG Focus Areas

• Climate Change
• Sustainability

Environmental Achievements

• Avoided emissions of more than 22 million tons of CO2e over the lifetime of building insulation products sold in 2023.
• Launched Impact® product line with 25% bio-circular content, cutting the carbon footprint by 43%.
• Developed an alu-free PIR board for prefab buildings, reducing carbon emissions by up to 40%.

Social Achievements

• Not disclosed

Governance Achievements

• Full compliance with CSRD reporting requirements for fiscal year 2024.

Climate Goals & Targets

Environmental Challenges

• Not disclosed

Mitigation Strategies

• Not disclosed

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: CSRD, SBTi

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Impact® product line
• Alu-free PIR board
• Powerdeck+ (with SIKA France)

Awards & Recognition

• Not disclosed