Sustainability

We provide sustainable composite solutions that help our customers save resources and mitigate climate change.

Composites’ properties, such as lightness and durability, provide for longer life cycles and improved performance of the end-product, thus lowering the negative impacts on the environment.

See Sustainability Statement in Annual Report 2024

Our approach to sustainability

The Board of Directors is Exel Composites’ highest governance body in relation to sustainability issues. The material sustainability topics are validated by the Board of Directors and the Sustainability Statement is published as part of the Report of Board of Directors. A sustainability team coordinates sustainability issues at Group level, lead by SVP, SVP, Technology and Sustainability, who is part of Exel Leadership Team.

The operational responsibility lies within each business unit and functional area of the organization.

Our main stakeholders include customers, employees, business partners and suppliers, shareholders, the financial market, authorities, industrial associations, and general community.

We have identified climate change mitigation, resource use and circular economy, occupational health and safety, and business conduct as our material sustainability topics. Read more about our material sustainability topics, targets, policies and actions in the Sustainability Statement published as part of the Annual Report 2024.

Our sustainability focus areas

Enabling products

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Social handprint

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Environmental footprint

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We are committed to market transparency and raising environmental standards.

Enabling products

Our aim is to develop sustainable, safe, and reliable products that help our customers save resources and mitigate climate change

  • Responsible products
  • Composites at the end-of-life

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Social handprint

Our aim is to provide a safe, fair, and inspiring environment for our employees, and ensure high standards of integrity and business ethics

  • Health and safety
  • Responsible employer
  • Responsible business

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Environmental footprint

Our aim is to reduce the negative impact of our own operations to the environment and climate

  • Energy efficiency and reduced emissions
  • Circular economy and waste management
  • Water consumption
  • Responsible supply chain

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Exel Composites’ share of environmentally sustainable activities in 2024

31.3%

of revenue from
taxonomy-eligible activities

15.5%

of CapEx from
taxonomy-eligible activities

14.0%

of OpEx from
taxonomy-eligible activities