Sustainability

Our role in sustainability is that of an enabler as 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.

Annual Financial Report 2021

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 report is reviewed alongside the publication of the company’s Annual Financial Report and signed by the Board. A sustainability team coordinates sustainability issues at Group level, reporting to the Group Management Team. The operational responsibility lies within each business unit and functional area of the organization.

The expectations of our stakeholders concerning sustainability matters have clearly increased.

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 2021

32.6%

of revenue from
taxonomy-eligible activities

11.6%

of CapEx from
taxonomy-eligible activities

3.1%

of OpEx from
taxonomy-eligible activities