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Carbios published Sustainability Report for 2022 (c) Carbios
29.12.2023

Carbios published 2022 Sustainability Report

CARBIOS published its second Sustainability Report with 2022 as the reference year. Like the first, this report is not subject to any publication obligation for the company, confirms CARBIOS' commitment and desire for transparency in terms of environmental, social and governance (ESG) initiatives.

In 2022, several objectives were achieved:

CARBIOS published its second Sustainability Report with 2022 as the reference year. Like the first, this report is not subject to any publication obligation for the company, confirms CARBIOS' commitment and desire for transparency in terms of environmental, social and governance (ESG) initiatives.

In 2022, several objectives were achieved:

  • Increase of the number of independent directors on the Board of Directors,
  • Completion of the first carbon footprint report to sustainably reduce greenhouse gas emissions,
  • Consolidation of the life cycle analysis (LCA) of the PET enzymatic depolymerization process,
  • Continuation of employee training in safety and environmental issues.

In October 2023, CARBIOS appointed Bénédicte Garbil as Senior Vice President of Corporate Affairs and Sustainability: "In 2022, CARBIOS strengthened its governance, building a solid foundation for our continued growth and commitment to Corporate Social Responsibility (CSR). This strategic development demonstrates our commitment to operational excellence and transparency. We have integrated the principles of sustainability, ethics and environmental responsibility at the heart of our governance, putting CSR at the forefront of our actions."

Source:

Carbios

AZL Aachen GmbH: Kick-off meeting for "Trends and Design Factors for Hydrogen Pressure Vessels" project (c) AZL Aachen GmbH
21.12.2023

AZL Aachen GmbH: Kick-off meeting for "Trends and Design Factors for Hydrogen Pressure Vessels" project

The kick-off meeting for the "Trends and Design Factors for Hydrogen Pressure Vessels" project, recently held at AZL Aachen GmbH, was a successful event, bringing together more than 37 experts in the field of composite technologies. This event laid a solid foundation for the Joint Partner Project, which currently comprises a consortium of 20 renowned companies from across the composite pressure vessel value chain: Ascend Performance Materials, C evotec GmbH, Chongqing Polycomp International Corp. (CPIC), Conbility GmbH, Elkamet Kunststofftechnik GmbH, F.A. Kümpers GmbH & Co. KG, f loteks plastik sanayi ticaret a.s., Formosa Plastics Corporation, Heraeus Noblelight GmbH, Huntsman Advanced Materials, Kaneka Belgium NV, Laserline GmbH, Mitsui Chemicals Europe GmbH, Plastik Omnium, Rassini Europe GmbH, Robert Bosch GmbH, Swancor Holding Co. Ltd. Ltd., TECNALIA, Toyota Motor Europe NV/SA, Tünkers do Brasil Ltda.

The project follows AZL´s well proven approach of a Joint Partner Project, aiming to provide technology and market insights as well as benchmarking of different material and production setups in combination with connecting experts along the value chain.

The kick-off meeting for the "Trends and Design Factors for Hydrogen Pressure Vessels" project, recently held at AZL Aachen GmbH, was a successful event, bringing together more than 37 experts in the field of composite technologies. This event laid a solid foundation for the Joint Partner Project, which currently comprises a consortium of 20 renowned companies from across the composite pressure vessel value chain: Ascend Performance Materials, C evotec GmbH, Chongqing Polycomp International Corp. (CPIC), Conbility GmbH, Elkamet Kunststofftechnik GmbH, F.A. Kümpers GmbH & Co. KG, f loteks plastik sanayi ticaret a.s., Formosa Plastics Corporation, Heraeus Noblelight GmbH, Huntsman Advanced Materials, Kaneka Belgium NV, Laserline GmbH, Mitsui Chemicals Europe GmbH, Plastik Omnium, Rassini Europe GmbH, Robert Bosch GmbH, Swancor Holding Co. Ltd. Ltd., TECNALIA, Toyota Motor Europe NV/SA, Tünkers do Brasil Ltda.

The project follows AZL´s well proven approach of a Joint Partner Project, aiming to provide technology and market insights as well as benchmarking of different material and production setups in combination with connecting experts along the value chain.

The kick-off meeting not only served as a platform to foster new contacts and get informed about the expertise and interests of the consortium members in the field of hydrogen pressure vessels, but also laid the groundwork for steering the focus of the upc oming project's ambitious phases. As a basis for the interactive discussion session, AZL outlined the background, motivation and detailed work plan. The central issues of the dialogue were the primary objectives, the most pressing challenges, the contribut ion to competitiveness, and
the priorities that would best meet the expectations of the project partners.

Discussions covered regulatory issues, the evolving value chain and the supply and properties of key materials such as carbon and glass fibres and resins. The consortium defined investigations into different manufacturing technologies, assessing their matu rity and potential benefits. Design layouts, including liners, boss designs and winding patterns, were thoroughly considered, taking into account their implications for mobile and stationary storage. The group is also interested in cost effective testing m ethods and certification processes, as well as the prospects for recycling into continuous fibres and the use of sustainable materials. Insight was requested into future demand for hydrogen tanks, OEM needs and strategies, and technological developments to produce more economical tanks.

The meeting highlighted the importance of CAE designs for fibre patterns, software suitability and the application dependent use of thermoset and thermoplastic designs.

The first report meeting will also set the stage of the next project phase, which will be the creation of reference designs by AZL's engineering team. These designs will cover a range of pressure vessel configurations using a variety of materials and production concepts. The aim is to develop models that not only re flect current technological capabilities, but also provide deep insight into the cost analysis of different production technologies, their CO2 footprint, recycling aspects and scalability.

AZL's project remains open to additional participants. Companies interested in joining this initiative are invited to contact Philipp Fröhlig.

Carbios at two-year anniversary of France 2030 (c) Carbios
Emmanuel Ladent, Carbios CEO, on stage to present Carbios' industrial project advancements at the two-year anniversary of France 2030
13.12.2023

Carbios at two-year anniversary of France 2030

Carbios was one of eight beneficiaries selected to present the progress of its industrial project in the presence of the President of the French Republic on the occasion of the two-
year anniversary of the launch of the France 2030 investment plan. Carbios is receiving €42.5 million in public funding (€30 million from the State as part of France 2030 and €12.5 million from the Grand-Est Region) for the construction of the plant for the enzymatic depolymerization of PET. Carbios is an emblematic example of the France 2030 initiative to support innovative projects that contribute to reindustrialization through innovation in strategic sectors, such as recycling. This plant, located in Longlaville in the Grand-Est Region, will be Carbios' first industrial site. Construction has just begun.

Carbios was one of eight beneficiaries selected to present the progress of its industrial project in the presence of the President of the French Republic on the occasion of the two-
year anniversary of the launch of the France 2030 investment plan. Carbios is receiving €42.5 million in public funding (€30 million from the State as part of France 2030 and €12.5 million from the Grand-Est Region) for the construction of the plant for the enzymatic depolymerization of PET. Carbios is an emblematic example of the France 2030 initiative to support innovative projects that contribute to reindustrialization through innovation in strategic sectors, such as recycling. This plant, located in Longlaville in the Grand-Est Region, will be Carbios' first industrial site. Construction has just begun.

Carbios' technology enables PET circularity and provides an alternative raw material to virgin fossil-based monomers, allowing PET producers, waste management companies, public entities, and brands to have an efficient solution to meet regulatory requirements and fulfill their own sustainability commitments. The plant will have a processing capacity of 50,000 tons of post-consumer PET waste per year (equivalent to 2 billion colored PET bottles, 2.5 billion PET trays, or 300 million T-shirts) and will address waste with little or no value such as colored PET bottles, food trays, and textiles. The plant will create 150 direct and indirect jobs in the region. In October 2023, Carbios obtained the building permit in 10 months (the average duration in France is 17 months) and the site operating permit, allowing construction to begin. The plant is currently under construction in Longlaville in the Grand-Est Region.

Source:

Carbios

11.12.2023

GOTS Pilot Project for Small Operators to attain Certification

In an initiative aimed at enhancing accessibility to certification for small operator groups within the organic textile value chain, the Global Organic Textile Standard (GOTS) is pleased to introduce its ongoing Controlled Supply Chain Scheme Pilot Project. The project, launched in 2022, was strategically developed to overcome the obstacles that often deter small-scale operators from pursuing GOTS certification.

Recognising that administrative complexities and financial burdens can impede these operators, the controlled supply chain scheme (CSCS) system was developed to mitigate these challenges. The supply chain requires an internal control and audit system, and small-scale operations benefit from a streamlined ‘group’ certification process, which reduces costs and eases administrative barriers.

In an initiative aimed at enhancing accessibility to certification for small operator groups within the organic textile value chain, the Global Organic Textile Standard (GOTS) is pleased to introduce its ongoing Controlled Supply Chain Scheme Pilot Project. The project, launched in 2022, was strategically developed to overcome the obstacles that often deter small-scale operators from pursuing GOTS certification.

Recognising that administrative complexities and financial burdens can impede these operators, the controlled supply chain scheme (CSCS) system was developed to mitigate these challenges. The supply chain requires an internal control and audit system, and small-scale operations benefit from a streamlined ‘group’ certification process, which reduces costs and eases administrative barriers.

Under the CSCS framework, a supply chain comprised of a minimum of eight and a maximum of thirty small-scale facilities, each with twenty or fewer workers, could be considered a single Certified Entity after a comprehensive risk assessment by their Certification Body (CB). SANKEI MERIYASU, a Japanese textile manufacturer, recently received GOTS certification through this project. SANKEI MERIYASU's success showcases the tangible impact of the CSCS system in empowering small-scale operators.

With the pilot due to be reviewed and evaluated next year, GOTS Managing Director Rahul Bhajekar is optimistic about the future of CSCS systems within GOTS. "The controlled supply chain scheme has the potential for substantial impact, empowering small operators in the organic textile supply chain and revolutionising GOTS certification. Our pilot project is proving that the scheme works as intended, overcoming barriers and expanding opportunities. We look forward to refining and validating the CSCS requirements, in hopes of implementing it fully for all markets in the future.”

More information:
GOTS certification
Source:

GOTS - Global Organic Textile Standard

Online session “Redefining Textile Waste Sorting: Impulses and findings for the future of next-gen sorting facilities” Graphic Texaid
27.11.2023

Redefining textile waste sorting

To meet future demands on the amount of textile waste which needs to be collected and sorted, as well as the demand on recycling feedstock, it is necessary to match the demand and need for sorting of waste in Europe and create cost efficiency sorting capacities with larger scale and automation are necessary.

In an online session “Redefining Textile Waste Sorting: Impulses and findings for the future of next-gen sorting facilities” Texaid and partners talk about the current state of development and the challenges for the future.  Anna Pehrsson (Texaid), Gesine Köppe (ITA Augsburg GmbH) and partners present the results of a Technology Assessment conducted within The Transform Textile Waste into Feedstock Project (initiated by TEXAID within the ReHubs initiative) to assess the best available sorting techniques and process.

Details:  
December 4th 2023
12:30-13:30pm   
Online
For registration follow the link.

To meet future demands on the amount of textile waste which needs to be collected and sorted, as well as the demand on recycling feedstock, it is necessary to match the demand and need for sorting of waste in Europe and create cost efficiency sorting capacities with larger scale and automation are necessary.

In an online session “Redefining Textile Waste Sorting: Impulses and findings for the future of next-gen sorting facilities” Texaid and partners talk about the current state of development and the challenges for the future.  Anna Pehrsson (Texaid), Gesine Köppe (ITA Augsburg GmbH) and partners present the results of a Technology Assessment conducted within The Transform Textile Waste into Feedstock Project (initiated by TEXAID within the ReHubs initiative) to assess the best available sorting techniques and process.

Details:  
December 4th 2023
12:30-13:30pm   
Online
For registration follow the link.

Source:

Texaid

15.11.2023

Autoneum: EcoVadis gold medal for sustainability

Autoneum Holding Ltd has been awarded the gold medal in the 2023 EcoVadis sustainability rating, ranking the automotive supplier in the top 5% of companies assessed. Following a silver medal the previous year, the Company was able to further improve the overall rating of its sustainability performance in the four categories Environment, Labor and Human Rights, Ethics and Sustainable Procurement and achieved the second-highest recognition level.

Autoneum Holding Ltd has been awarded the gold medal in the 2023 EcoVadis sustainability rating, ranking the automotive supplier in the top 5% of companies assessed. Following a silver medal the previous year, the Company was able to further improve the overall rating of its sustainability performance in the four categories Environment, Labor and Human Rights, Ethics and Sustainable Procurement and achieved the second-highest recognition level.

As part of its commitment to transparency towards its stakeholders and the public at large, Autoneum reports regularly on its key developments and achievements in the area of Corporate Social Responsibility (CSR). In addition to reporting in line with the Global Reporting Initiative (GRI) standards, Autoneum uses external platforms such as EcoVadis – a globally recognized sustainability rating agency – to assess the quality of its sustainability management system. EcoVadis uses 21 criteria based on international CSR standards to rate companies in four categories: Environment, Labor and Human Rights, Ethics and Sustainable Procurement. Since its foundation in 2007, EcoVadis has assessed the sustainability performance of more than 100 000 companies from 175 countries.

In the 2023 sustainability rating by EcoVadis, Autoneum achieved gold medal status for the first time, placing it in the top 5% of companies assessed. Having already been awarded the EcoVadis silver medal in 2022, Autoneum thus moved up to the second-highest recognition level in this year’s rating, thanks to significant progress in the Environment and Labor and Human Rights categories.

More information on Autoneum’s sustainable products and processes can be found in the current issue of the Corporate Responsibility Report.

Source:

Autoneum Holding AG

10.11.2023

HeiQ AeoniQ™ joins Canopy and commits to Forests Protection

HeiQ AeoniQ™ becomes an active brand partner of the Canopy initiative with eleven other companies to address the growing climate and biodiversity crises by committing to keep Ancient and Endangered Forests out of our man-made cellulosic fiber supply chain.

The commitments that HeiQ AeoniQ™ is making are part of solutions-driven non-profit Canopy’s Pack4Good and CanopyStyle initiatives which currently represent collectively 950 brand partners. Together, the initiatives are shifting supply chains away from vital forests to low-impact, circular Next Gen Solutions.

HeiQ AeoniQ™ becomes an active brand partner of the Canopy initiative with eleven other companies to address the growing climate and biodiversity crises by committing to keep Ancient and Endangered Forests out of our man-made cellulosic fiber supply chain.

The commitments that HeiQ AeoniQ™ is making are part of solutions-driven non-profit Canopy’s Pack4Good and CanopyStyle initiatives which currently represent collectively 950 brand partners. Together, the initiatives are shifting supply chains away from vital forests to low-impact, circular Next Gen Solutions.

“We must rapidly replace oil-based polyester in the textile industry causing microplastics, global warming, landfill and ecosystem degradation. Cellulose is the most abundant biopolymer in the world and is best suited to replace polyester. However, we must pay attention to cellulose feedstock sources. Our forests, a potential cellulose feedstock, are one of the most important solutions to addressing the effects of climate change. Approximately 2.6 billion tons of carbon dioxide, one-third of the CO2 released from burning fossil fuels, is absorbed by forests every year. Around 12.5% of global greenhouse gas emissions (5-10 GtCO2e annually) come from deforestation. We are losing forests at an alarming rate. Every year, around 10 million hectares of forests globally are destroyed. We need immediate action to increase forests again. Canopy is our go-to partner to replace polyester with circular & sustainable cellulose feedstock for our innovative HeiQ AeoniQ™ fiber revolution.” said Carlo Centonze, HeiQ Group CEO.

Paper packaging is also a key driver of forest loss globally, as 3.1 billion trees are cut down annually to produce the boxes and bags in which products are packaged and shipped. Paper packaging production has increased by 65% over the past two years.

“The range of companies and sectors represented in today’s announcement reflects the breadth of market response to the growing climate and biodiversity crises and intensifying supply chain disruptions,” said Nicole Rycroft, Founder and Executive Director of Canopy. “Today’s brand partners add significant momentum to global conservation efforts and the movement to transform ‘take, make, waste’ supply chains to be lower-impact and Next Gen.”

Today, as part of Pack4Good, HeiQ AeoniQ™ committed to:

  • Eliminate Ancient and Endangered Forests from our paper packaging supply chain.
  • Reduce material use through design innovation.
  • Maximize recycled content.
  • Explore and scale alternative Next Gen fibers (such as agricultural residues).
  • Where virgin fiber is necessary, use FSC-certified fiber.
Source:

HeiQ

Lenzing relies on wind power in the fiber and pulp production (c) Lenzing AG
At the ground-breaking ceremony, from left to right: Josef Reiter (Mayor of Engelhartstetten) Thomas Östros (Vice-President of the European Investment Bank) Helga Krismer-Huber (Green Party Lower Austria LAbg) Stephan Pernkopf (Deputy Governor of Lower Austria) Leonore Gewessler (Minister for Climate Protection) Gregor Erasim (owner of WLK energy) Gerda Holzinger-Burgstaller (Chairwoman of the Management Board of Erste Bank Österreich) Bianca Flesch (Environmental Management Messer Austria GmbH) Mario Wohanka (WLK Chief Financial Officer) Christian Skilich (CTO Lenzing AG)
10.11.2023

Lenzing relies on wind power in the fiber and pulp production

The Lenzing Group has concluded a supply contract with the Austrian electricity producer WLK energy for the purchase of around 13 megawatts of wind power. Lenzing is thus not only underlining its commitment to climate protection and the energy transition, but is also making a long-term investment in a price-stable and diversified electricity supply. The contract has a term of 15 years and provides for supply from the new wind farm in Engelhartstetten from the first quarter of 2025.

The construction of the wind farm is a joint project involving several partners, including the operator and electricity supplier WLK energy, based in Untersiebenbrunn (Lower Austria). The total output of the wind farm with a total of eleven wind turbines will be around 45 megawatts. The share of around 13 megawatts, which will be produced exclusively for the needs of the Lenzing site (Upper Austria), corresponds to the average electricity requirements of around 10,000 households per year in Austria. The ground-breaking ceremony to mark the start of construction took place on November 09, 2023 with representatives from politics and business.

The Lenzing Group has concluded a supply contract with the Austrian electricity producer WLK energy for the purchase of around 13 megawatts of wind power. Lenzing is thus not only underlining its commitment to climate protection and the energy transition, but is also making a long-term investment in a price-stable and diversified electricity supply. The contract has a term of 15 years and provides for supply from the new wind farm in Engelhartstetten from the first quarter of 2025.

The construction of the wind farm is a joint project involving several partners, including the operator and electricity supplier WLK energy, based in Untersiebenbrunn (Lower Austria). The total output of the wind farm with a total of eleven wind turbines will be around 45 megawatts. The share of around 13 megawatts, which will be produced exclusively for the needs of the Lenzing site (Upper Austria), corresponds to the average electricity requirements of around 10,000 households per year in Austria. The ground-breaking ceremony to mark the start of construction took place on November 09, 2023 with representatives from politics and business.

In 2019, Lenzing was the first fiber manufacturer to set itself the goal of reducing its CO2 emissions by 50 percent by 2030 and becoming carbon-neutral by 2050. This CO2 reduction target was recognized by the Science Based Targets Initiative. In 2022, Lenzing opened Upper Austria's largest open-space photovoltaic plant together with Verbund and also signed an electricity supply contract for photovoltaic energy with the green electricity producer Enery and Energie Steiermark.

Source:

Lenzing AG

10.11.2023

PIP Global Safety selected TrusTrace platform for traceability needs

TrusTrace, a SaaS (Software as a Service) company with a platform for supply chain traceability and compliance data management, announced that PIP Global Safety, a supplier of protective workwear equipment with over 30 brands globally, has selected the TrusTrace platform to support its traceability needs, including evidence collection to prove compliance for the UFLPA (Uyghur Forced Labor Prevention Act).

PIP Global Safety will now leverage verified, real-time data on the TrusTrace platform to provide deeper visibility into the cotton used within the Company’s PPE and workwear products. The partnership will also improve the efficiency of chain of custody data collection for UFLPA compliance – a U.S. regulation that is compelling companies to assess risks in their supply chain and implement processes to ensure that suppliers are not using forced labor.

TrusTrace, a SaaS (Software as a Service) company with a platform for supply chain traceability and compliance data management, announced that PIP Global Safety, a supplier of protective workwear equipment with over 30 brands globally, has selected the TrusTrace platform to support its traceability needs, including evidence collection to prove compliance for the UFLPA (Uyghur Forced Labor Prevention Act).

PIP Global Safety will now leverage verified, real-time data on the TrusTrace platform to provide deeper visibility into the cotton used within the Company’s PPE and workwear products. The partnership will also improve the efficiency of chain of custody data collection for UFLPA compliance – a U.S. regulation that is compelling companies to assess risks in their supply chain and implement processes to ensure that suppliers are not using forced labor.

PIP Global Safety previously managed their supply chain traceability manually; now, TrusTrace will automate the process, changing how data is collected, digitized and shared. “After an extensive vetting process, we selected TrusTrace as our traceability platform because of their ability to provide us with detailed, product-level data that enables us to thoroughly and accurately map our supply chains,” said Nathan McCormick, Senior VP of Operations & Integrated Supply Chain at PIP Global Safety. “While a lot of laws and regulations around due diligence have not yet come into force, we are taking a proactive approach to ensure that we’re ahead of the curve to support our customers’ needs while proactively monitoring for risk of forced labor in our supply chain.”

In addition to supporting regulatory compliance, TrusTrace supports PIP Global Safety’s long-standing sustainability and social responsibility initiatives. PIP Global Safety has pledged to continually identify opportunities to minimize their environmental footprint while still maximizing protection against occupational hazards. This commitment extends to multiple aspects of the business, including Manufacturing Processes, Sustainability-Driven Programs, Recycled Products, Social Sustainability and Future Initiatives.

08.11.2023

adidas: Revenue increase in third quarter

Developments:

Developments:

  • Currency-neutral revenues up 1% driven by growth in all regions except North America
  • Top-line development reflects focus on conservative sell-in and full-price business
  • Gross margin up 0.2pp to 49.3% driven by reduced freight costs, a more favorable business mix, and lower inventory allowances; discounting levels continue to improve  
  • Operating profit of € 409 million includes extraordinary expenses of around € 110 million
  • Conservative sell-in strategy paying off as inventory position improves substantially versus Q2 level to € 4.8 billion; now down 23% year-over-year

Outlook
adidas expects revenues to decline at a low-single-digit rate
On October 17, adidas had adjusted its full year financial guidance to reflect both the positive impact of the second drop of some of its Yeezy inventory and the better-than-expected development of the underlying business. At the same time, macroeconomic challenges and geopolitical tensions persist. Elevated recession risks in North America and Europe as well as uncertainty around the recovery in Greater China continue to exist. In addition, the company’s revenue development will continue to be impacted by the initiatives to significantly reduce high inventory levels in North America and the company’s focus on full-price sales across its own channels. As a result, adidas now expects currency-neutral revenues to decline at a low-single-digit rate in 2023 (previously: decline at a mid-single-digit rate).

Underlying operating profit anticipated to reach a level of around € 100 million
The company’s underlying operating profit – excluding any one-offs related to Yeezy and the ongoing strategic review – is now anticipated to reach a level of around € 100 million in 2023 (previously: around break-even level). Including the positive impact from the two Yeezy drops in Q2 and Q3 of around € 300 million (previously: € 150 million), the potential write-off of the remaining Yeezy inventory of now around € 300 million (previously: € 400 million) and one-off costs related to the strategic review of up to € 200 million (unchanged), adidas now expects a reported operating loss of around € 100 million in 2023 (previously: loss of € 450 million).

Source:

adidas AG

20.10.2023

Rieter: Further job cuts, outlook for 2023 confirmed

Rieter’s cumulative sales in the first nine months of 2023 amounted to CHF 1 092.9 million (2022: CHF 987.4 million), an increase of 11% compared to the prior-year period. In particular, supply bottlenecks eased slightly, which allowed more machines to be delivered than in the same period last year. Sales in the third quarter of 2023
were CHF 334.7 million (Q3 2022: CHF 366.8 million).

The Business Group Machines & Systems generated total sales of CHF 749.6 million in the first nine months of 2023 (+18%). The Business Group Components posted sales of CHF 206.8 million, 11% lower than in the corresponding period of the previous year, while the Business Group After Sales recorded growth of 13% to CHF 136.5 million in the first nine months of 2023.

Order intake in the reporting period was characterized by restrained investment in new machinery in almost all regions except China. Demand for consumables, wear & tear and spare parts continued to weaken due to the slowdown in spinning mill capacity utilization. Rising interest rates and high energy and raw material prices also had a dampening effect.

Rieter’s cumulative sales in the first nine months of 2023 amounted to CHF 1 092.9 million (2022: CHF 987.4 million), an increase of 11% compared to the prior-year period. In particular, supply bottlenecks eased slightly, which allowed more machines to be delivered than in the same period last year. Sales in the third quarter of 2023
were CHF 334.7 million (Q3 2022: CHF 366.8 million).

The Business Group Machines & Systems generated total sales of CHF 749.6 million in the first nine months of 2023 (+18%). The Business Group Components posted sales of CHF 206.8 million, 11% lower than in the corresponding period of the previous year, while the Business Group After Sales recorded growth of 13% to CHF 136.5 million in the first nine months of 2023.

Order intake in the reporting period was characterized by restrained investment in new machinery in almost all regions except China. Demand for consumables, wear & tear and spare parts continued to weaken due to the slowdown in spinning mill capacity utilization. Rising interest rates and high energy and raw material prices also had a dampening effect.

In this market environment, the Rieter Group received orders totaling CHF 452.2 million in the first nine months of 2023 (2022: CHF 1 095.8 million). In the third quarter of 2023, orders decreased by 44% year-on-year to CHF 127.2 million (2022: CHF 226.4 million).

Rieter expects the market to have bottomed out in the year 2023 and anticipates a gradual market recovery in the course of the 2024 financial year.

As of September 30, 2023, Rieter has an order backlog of around CHF 900 million (September 30, 2022: CHF 2 000 million). The current order backlog will allow good capacity utilization at the production facilities into the coming year. The cancellation rate in the reporting period was within the usual range, averaging around 5% of the order backlog, with a slight downward trend.

In July 2023, the Group launched the “Next Level” performance program aimed at strengthening sales excellence, sharpening customer focus, improving cost efficiency in production and optimizing fixed cost structures. By taking these measures, Rieter intends to create the basis for providing an even more agile response to the cyclical nature of the machinery business. The objective of the planned initiatives is to ensure the profitable and sustainable development of the group.

The performance program includes provisions for the net reduction of approximately 300 positions in overhead functions across the group, primarily in Germany and Switzerland. The consultation processes initiated with the employee representatives in Ingolstadt (Germany) and Winterthur (Switzerland) were completed in the third quarter of 2023. The majority of these workforce reductions are expected to be implemented by the end of December 2023.

Due to the current market situation, further market- and volume-related adjustments in the range of 400 to 600 positions will be necessary, mainly in production. However, the actual number of positions to be reduced depends on the order intake in the coming months.

Rieter continues to expect that the strategic and operational measures initiated will result in one-off restructuring costs of around CHF 45 to 50 million, which will impact earnings in the 2023 financial year.

Outlook for the full year 2023 confirmed
As announced on July 20, 2023, in view of the economic situation and the ongoing cyclical market weakness, Rieter continues to expect below-average demand for new equipment in the coming months. A revival is not anticipated until the end of 2023 at the earliest. Likewise, Rieter believes that demand for consumables, wear & tear and spare parts will not recover until towards the end of 2023.

For the full year 2023, Rieter expects an EBIT margin of around 5 to 7% (including positive special effects of less than 2%) and sales at the previous year’s level of around CHF 1.5 billion.

Source:

Rieter Holding AG

Responsible Care Federal Competition 2023 Photo Rudolf GmbH
12.10.2023

RUDOLF wins Responsible Care Federal Competition 2023

The innovative company RUDOLF has been honoured for its outstanding achievements in the field of sustainability and environmental protection and has won the coveted Responsible Care Federal Competition 2023 in the category SME.

The innovative company RUDOLF has been honoured for its outstanding achievements in the field of sustainability and environmental protection and has won the coveted Responsible Care Federal Competition 2023 in the category SME.

The award was presented as part of a competition organised by the German Chemical Industry Association (VCI). Responsible Care is a voluntary initiative of the chemical industry. Its aim is continuous improvement in the areas of environmental protection, health and safety. Chemical companies and associations in more than 50 countries support the initiative. The award-winning project of the innovative company RUDOLF impressed the jury with its pioneering technology, which reduces CO2 emissions by up to 99.9 % compared to conventional cooling systems. „The project uses near-surface geothermal energy for industrial cooling - according to the motto „Efficiency First“ the most efficient way has been chosen!“ - Jury statement
 
TerraCool‘s winning system uses near-surface geothermal energy as the most natural form of cooling. It utilises the constant temperature of around 10°C at a depth of around 10 metres below ground. A specially developed heat exchanger system takes advantage of this natural cooling effect. In the future, it will be used to cool chemical production processes at RUDOLF. The main advantage of this technology is that it is CO2 neutral. The technology is highly efficient and consumes only 0.1 % of the electricity used by conventional cooling systems.  By using natural resources, the system reduces CO2 emissions by up to 99.9 % compared to conventional cooling systems, resulting in a very presentable carbon footprint. Another impressive aspect is its high energy efficiency. With just 1 kW of electrical energy, the system generates up to 600 kW of cooling capacity, thanks to the use of a highly energyefficient circulating pump system. Energy is, and will continue to be, a valuable „raw material“ for our industry and one that we need to manage carefully. The system is self-contained and has no contact with groundwater. No environmentally harmful refrigerants or antifreeze are required. With this technology, RUDOLF has made a pioneering contribution to the climate-neutral transformation of the economy, proving that innovative solutions can go hand in hand with environmental protection and sustainability. The Responsible Care award recognises the company‘s commitment to a greener future.

Source:

Rudolf GmbH

Photo from Pixabay
09.10.2023

Otrium and Bleckmann launch garment repair partnership

Digital fashion outlet Otrium announces the launch of a dedicated garment refurbishment and repair programme for damaged returns following a successful pilot scheme. The initiative is being run in partnership with Bleckmann, experts in supply chain management for fashion and lifestyle brands. Working with Bleckmann’s team of circular fashion experts from The Renewal Workshop, Otrium is taking the next step in its strategic journey to help reduce the number of that might ultimately end up in landfills or destroyed.
 
Most of the returns that Otrium currently receives can be easily restored and put back on sale. However, in rare cases, returned items are damaged. “Preventing waste is an important part of Otrium’s DNA, and thanks to our partnership with Bleckmann and their Renewal Workshop team, we can now repair the majority of damaged returns and put them back into circulation,” said Kevin Carolan, Director of Logistics at Otrium. “We are happy that we can use our position in the fashion supply chain to create lasting change and accelerate towards our mission of reducing the volume of garments that go to landfill.”

Digital fashion outlet Otrium announces the launch of a dedicated garment refurbishment and repair programme for damaged returns following a successful pilot scheme. The initiative is being run in partnership with Bleckmann, experts in supply chain management for fashion and lifestyle brands. Working with Bleckmann’s team of circular fashion experts from The Renewal Workshop, Otrium is taking the next step in its strategic journey to help reduce the number of that might ultimately end up in landfills or destroyed.
 
Most of the returns that Otrium currently receives can be easily restored and put back on sale. However, in rare cases, returned items are damaged. “Preventing waste is an important part of Otrium’s DNA, and thanks to our partnership with Bleckmann and their Renewal Workshop team, we can now repair the majority of damaged returns and put them back into circulation,” said Kevin Carolan, Director of Logistics at Otrium. “We are happy that we can use our position in the fashion supply chain to create lasting change and accelerate towards our mission of reducing the volume of garments that go to landfill.”

Since 2020, Otrium is exploring refurbishment and repairs with their third-party logistics provider Bleckmann. In April 2023, both partners started a three-month pilot at Bleckmann’s facility in Almelo, the Netherlands, to expand the programme with a broader range of repairs and optimised processes through data use. During the pilot, the Renewal Workshop team at Bleckmann refurbished more than 1,000 returned garments, shoes and accessories for Otrium each month.

“With hundreds of high-end labels on the platform, we needed an efficient solution tailored to the needs of a wide range of products – from shoes and coats to bags,” explained Marlot Kiveron, Head of Sustainability at Otrium. “The Renewal Workshop team worked closely with us to develop a streamlined and scalable process that could grow in line with our ambitions, delivering like-new repairs at the speed of e-commerce. Their combination of purpose, professionalism, agility and expertise makes them the ideal partner for this kind of project.”
 
Bleckmann’s integrated data capabilities were also crucial to the success of the partnership. “Data collection and analysis can be vital in demonstrating the commercial viability of sustainability initiatives,” said Tamara Zwart, Director of Renewal at Bleckmann. “Using our advanced stock tracking systems, we determined that 70% of the renewed Otrium stock had been sold within seven weeks. We’re all delighted with the results!”
Furthermore, carbon-tracking software Vaayu calculated that on average, a refurbished return sold on Otrium avoids 2.760kg of carbon emissions and 69g of waste proofing that this programme can have a positive impact on both: the planet and the business.

Having established the business case, the team decided to expand the initiative beyond the pilot phase. “This project is a milestone in our sustainability journey,” concluded Marlot. “It’s a key part of our ongoing commitment to finding more ways to reduce our environmental impact while helping to ensure that more clothes get worn. By the end of 2023, we aim to repair at least 25,000 damaged garments. Together with Bleckmann and their renewal experts, we’re well on our way to proving that this circular business model can be a valuable part of our future growth.”

Source:

Otrium, Bleckmann

Bac Mono Photo Hypetex
22.09.2023

Hypetex: Coloured carbon fibre replacing paint coating

•    First production supercar created with Hypetex coloured carbon fibre
•    Paint-replacement technology reduces weight to enhance performance

British car manufacturer Briggs Automotive Company (BAC) has created a unique Hypetex coloured carbon fibre version of its Mono R, reducing the weight by removing the need for paint.  

The original BAC Mono R was created to be lighter and more powerful than the standard model, with 343bhp and 555kg total weight, equating to a power-to-weight ratio of 618bhp-per-tonne. By removing the need for paint coatings in this version, the net weight of the exterior is reduced compared to a painted shell, resulting in a further improved overall performance.

The car’s body was created using Hypetex’s titanium carbon fibre twill, and finished with a crystalized lacquer, offering a unique aesthetic finish. The ultra-lightweight supercar can accelerate from zero to 60mph in less than 2.5 seconds.  

•    First production supercar created with Hypetex coloured carbon fibre
•    Paint-replacement technology reduces weight to enhance performance

British car manufacturer Briggs Automotive Company (BAC) has created a unique Hypetex coloured carbon fibre version of its Mono R, reducing the weight by removing the need for paint.  

The original BAC Mono R was created to be lighter and more powerful than the standard model, with 343bhp and 555kg total weight, equating to a power-to-weight ratio of 618bhp-per-tonne. By removing the need for paint coatings in this version, the net weight of the exterior is reduced compared to a painted shell, resulting in a further improved overall performance.

The car’s body was created using Hypetex’s titanium carbon fibre twill, and finished with a crystalized lacquer, offering a unique aesthetic finish. The ultra-lightweight supercar can accelerate from zero to 60mph in less than 2.5 seconds.  

Hypetex’s paint-replacement technology retains the visible weave, allowing for a bold design and a choice of colours without technical compromises, perfectly aligning with BAC’s initiatives to maximise performance whilst creating bespoke supercars. Paint generally adds 138 grams per metre squared, whereas Hypetex adds just 17 grams for the same area, offering an 8x weight saving.
This bespoke version of BAC’s single-seater Mono R was subject to BAC’s renowned BAC Bespoke programme, which ensures that no two Monos are the same. The client, a US-based collector, worked with BAC’s design team to design the car to their personal taste.   

Born out of Formula 1 technology, Hypetex offers manufacturers sustainable aesthetic materials with technical and efficiency benefits. This collaboration is an all-British success story, with the Hypetex carbon fibre body built by Formaplex, a leading UK-based manufacturing company who manufacture lightweight engineered solutions for top tier customers in Automotive, Aerospace and Defence markets. BAC’s supply chain is 95% UK-based.  

Hypetex continues to expand its growing portfolio of the use of coloured carbon fibre to add personalisation to the automotive field, with its material recently featured on the 2024 Ford Mustang Dark Horse.  

 

More information:
HYPETEX® carbon fibers
Source:

Hypetex

06.09.2023

Autoneum joins the United Nations Global Compact initiative

Autoneum has joined the worldwide United Nations (UN) Global Compact initiative for corporate sustainability. The Group is thus committed to acting responsibly in accordance with the principles of the UN Global Compact in the areas of human rights, labor, environmental protection and anti-corruption. By joining the world's largest initiative for sustainable business – the UN Global Compact sponsored by the United Nations –, Autoneum is strengthening its commitment to sustainable corporate development at its sites worldwide. Launched in 2000, the UN Global Compact brings together more than 13 000 members in 162 countries.

Autoneum has joined the worldwide United Nations (UN) Global Compact initiative for corporate sustainability. The Group is thus committed to acting responsibly in accordance with the principles of the UN Global Compact in the areas of human rights, labor, environmental protection and anti-corruption. By joining the world's largest initiative for sustainable business – the UN Global Compact sponsored by the United Nations –, Autoneum is strengthening its commitment to sustainable corporate development at its sites worldwide. Launched in 2000, the UN Global Compact brings together more than 13 000 members in 162 countries.

More information:
Autoneum UN Gobal Compact
Source:

Autoneum Management AG

BAE: ‘Best of Bangladesh Europe’ in Amsterdam Photo: Bangladesh Apparel Exchange
06.09.2023

BAE: ‘Best of Bangladesh Europe’ in Amsterdam

On 5th September 2023, the Amsterdam: Best of Bangladesh Europe’ started in the venue of Wastergas in Amsterdam. The 2-day nation branding event was organized by Bangladesh Apparel Exchange (BAE), with support from the Embassy of Bangladesh, Ministry of Commerce, Export Promotion Bureau (EPB) of Bangladesh and in association with PDS.

Tipu Munshi, MP, Commerce Minister, Government of the People’s Republic of Bangladesh; Michiel Sweers, Vice Minister of Foreign Economic Relations, Kingdom of the Netherlands; Shahriar Alam, MP, State Minister for Foreign Affairs, Government of the People’s Republic of Bangladesh; Md Siddiqur Rahman,  Former president of BGMEA; M Riaz Hamidullah, Ambassador of Bangladesh to the Netherlands; Leslie Johnston, Chief Executive Officer, Laudes Foundation; Pallak Seth, Founder & Vice Chairman, PDS Limited; and Mostafiz Uddin, Founder & CEO, Bangladesh Apparel Exchange; attended the inaugural ceremony of the ‘Best of Bangladesh’.

On 5th September 2023, the Amsterdam: Best of Bangladesh Europe’ started in the venue of Wastergas in Amsterdam. The 2-day nation branding event was organized by Bangladesh Apparel Exchange (BAE), with support from the Embassy of Bangladesh, Ministry of Commerce, Export Promotion Bureau (EPB) of Bangladesh and in association with PDS.

Tipu Munshi, MP, Commerce Minister, Government of the People’s Republic of Bangladesh; Michiel Sweers, Vice Minister of Foreign Economic Relations, Kingdom of the Netherlands; Shahriar Alam, MP, State Minister for Foreign Affairs, Government of the People’s Republic of Bangladesh; Md Siddiqur Rahman,  Former president of BGMEA; M Riaz Hamidullah, Ambassador of Bangladesh to the Netherlands; Leslie Johnston, Chief Executive Officer, Laudes Foundation; Pallak Seth, Founder & Vice Chairman, PDS Limited; and Mostafiz Uddin, Founder & CEO, Bangladesh Apparel Exchange; attended the inaugural ceremony of the ‘Best of Bangladesh’.

Three MoU were signed in the inaugural for the development of the industries of Bangladesh.
The 1st MoU was signed between Bangladesh Apparel Exchange and Eindhoven International Project Office (EIPO). The 2nd MoU was signed between Bangladesh Apparel Exchange and Apparel Impact Institution. The 3rd MoU was signed between Bangladesh Apparel Exchange and Oxfam.
More than 35 companies from various fields, including apparel, textiles, agriculture, handicrafts, and other sectors, participated in the initiative.

The event held six interactive panel sessions on the topics "Bangladesh – Perspectives from an Emerging Economy", "Sustainable Sourcing Realities: Challenges, Achievements & Next Steps”, “Empowering the Future: Advancing Safety & Well-being for Garments Workforce in Bangladesh", "Bangladesh Agro-Food: A Next Opportunity for Collaboration", "Impact Investing - The Next Frontier", and “Sustainable Synergy: Circular Economy, Climate Action & Bangladesh’s Future".

A Bangladesh Innovation Runway was presented by Pacific Jeans at the event. The Bangladesh Innovation Runway showcased the ability of the country in producing high end, sustainable and innovative apparel products.

Source:

Bangladesh Apparel Exchange

Photo: MeineRaumluft
06.09.2023

OETI and MeineRaumluft join forces

OETI - Institute for Ecology, Technology and Innovation’ (or OETI for short), is now working with the independent platform ‘MeineRaumluft’.

OETI and MeineRaumluft will work closely together to make a sustainable contribution to optimising the indoor climate. Starting this autumn, they will implement a groundbreaking initiative in Austria. The primary objective of this initiative is to raise awareness of the significance of indoor air as a factor for health and productivity in work and office environments. This message will be conveyed by means of precise measurements, knowledge sharing as well as practical recommendations

OETI has a great deal of expertise in the field of indoor air measurements and certifications. The accredited institution is certified for emission testing according to ISO 16000 parts 2, 3, 6, 9 and 11 as well as EN 16516. OETI also sets standards for indoor air quality with its CLEANAIR certification.

OETI - Institute for Ecology, Technology and Innovation’ (or OETI for short), is now working with the independent platform ‘MeineRaumluft’.

OETI and MeineRaumluft will work closely together to make a sustainable contribution to optimising the indoor climate. Starting this autumn, they will implement a groundbreaking initiative in Austria. The primary objective of this initiative is to raise awareness of the significance of indoor air as a factor for health and productivity in work and office environments. This message will be conveyed by means of precise measurements, knowledge sharing as well as practical recommendations

OETI has a great deal of expertise in the field of indoor air measurements and certifications. The accredited institution is certified for emission testing according to ISO 16000 parts 2, 3, 6, 9 and 11 as well as EN 16516. OETI also sets standards for indoor air quality with its CLEANAIR certification.

More information:
OETI indoor climate
Source:

OETI - Institut fuer Oekologie, Technik und Innovation GmbH

01.09.2023

OEKO-TEX® Annual Report 2022/2023: 21% growth

The international OEKO-TEX® Association, offering collaborative solutions for partners in the textile and leather industry, has once again recorded positive business development. Overall, OEKO-TEX® issued more than 43,000 certificates and labels between July 1, 2022, and June 30, 2023 - an increase of 21% compared to the previous financial year. The MADE IN GREEN product label recorded the strongest growth of 52%. OEKO-TEX® continues to drive urgently needed change through cooperation and joint action - with their services and at the organizational level.

The international OEKO-TEX® Association, offering collaborative solutions for partners in the textile and leather industry, has once again recorded positive business development. Overall, OEKO-TEX® issued more than 43,000 certificates and labels between July 1, 2022, and June 30, 2023 - an increase of 21% compared to the previous financial year. The MADE IN GREEN product label recorded the strongest growth of 52%. OEKO-TEX® continues to drive urgently needed change through cooperation and joint action - with their services and at the organizational level.

For their two new certifications, OEKO-TEX® focused on cooperation with numerous parties along the global supply chain. Launched in November 2022, OEKO-TEX® RESPONSIBLE BUSINESS addresses the increasing global expectations and due diligence requirements. The tool and certification supports textile and leather companies in preventing negative effects from their own business operations, supply chains and broader business relationships. Companies working with OEKO-TEX® ORGANIC COTTON benefit from a global network of certified companies to facilitate sourcing of chemicals, materials and business partners - from cultivation to finished product.

At the organisational level, OEKO-TEX® is focusing on partnerships with multi-stakeholder initiatives to include as many different perspectives as possible and allow all parties to benefit. Working with ZDHC to promote sustainable chemical management and becoming an ISEAL community member are just two of many collaborations for OEKO-TEX®, which is striving to address the industry's most pressing challenges.

Meanwhile, the Association’s core business advances. For example, based on industry developments and scientific findings, OEKO-TEX® issued a general ban on the use of per- and polyfluorinated alkyl substances (PFAS/PFC) in textiles, leather and shoes certified by STANDARD 100, ORGANIC COTTON, LEATHER STANDARD and ECO PASSPORT. OEKO-TEX® also surpassed the milestone of 1,000 STeP certified production facilities. OEKO-TEX® is in a strong position to continue its work - enabling the industry and consumers to make more responsible decisions through partnership and education.

Source:

Oeko-Tex GmbH

DyStar Systainability Report 2022/23 DyStar Singapore Pte Ltd
25.08.2023

DyStar Releases 2022 – 2023 Integrated Sustainability Report

DyStar, a leading specialty chemical company announced the release of its thirteenth annual Integrated Sustainability Report. The report is prepared in accordance with the updated GRI Standards 2021: Core Options. Despite the challenging business landscape and economic situations, DyStar remains committed to delivering tangible values that the Group has strategically created through the six major capitals, using the Integrated Reporting <IR> framework.

DyStar’s business strategies have proven their effectiveness and delivered significant progress toward its 2025 targets. The company has successfully reduced its environmental footprint in Greenhouse Gas Emission intensity and Wastewater production intensity by more than 30%, compared to the baseline year 2011.

More specifically, DyStar’s Scope 1 and Scope 2 Greenhouse Gas (GHG) Emissions intensity was 45% lower (tCO2e per ton production) than the baseline year 2011, with a totaled GHG emission of 56.91 thousand tCO2e. This is also 9% lower when compared to FY2021.

DyStar, a leading specialty chemical company announced the release of its thirteenth annual Integrated Sustainability Report. The report is prepared in accordance with the updated GRI Standards 2021: Core Options. Despite the challenging business landscape and economic situations, DyStar remains committed to delivering tangible values that the Group has strategically created through the six major capitals, using the Integrated Reporting <IR> framework.

DyStar’s business strategies have proven their effectiveness and delivered significant progress toward its 2025 targets. The company has successfully reduced its environmental footprint in Greenhouse Gas Emission intensity and Wastewater production intensity by more than 30%, compared to the baseline year 2011.

More specifically, DyStar’s Scope 1 and Scope 2 Greenhouse Gas (GHG) Emissions intensity was 45% lower (tCO2e per ton production) than the baseline year 2011, with a totaled GHG emission of 56.91 thousand tCO2e. This is also 9% lower when compared to FY2021.

Similarly, for Wastewater production intensity, DyStar achieved a 52% reduction compared to baseline year 2011, and a 24% reduction from FY2021.

Some other key highlights and value-adds include (when compared to FY2021):

  • Financial Capital: The results of production efficiency and streamlining manufacturing indirectly contributed to the reduction of 5.8% in operating cost
  • Manufactured Capital: Apart from ensuring quality suppliers through DyStar’s internal audit, DyStar’s effort on environmental performance and climate impacts with the Institute of Public & Environmental Affairs (IPE) was recognized and ranked second by industry on IPE’s Green Supply Chain Corporate Information Transparency Index (CITI)
  • Intellectual Capital: The innovative Cadira® modules continue to support the supply chain with a lower carbon footprint
  • Human Capital: The full launch of DyStar University (DSU), a proprietary LMS, supports the learning and development of employees globally
  • Social Capital: DyStar’s culturally diverse workforce organized a variety of activities and events in support of its global community and made a total contribution of USD 128,946 to various corporate social responsibility (“CSR”) program.

Despite the harsh economic headwinds, these figures further demonstrated the effectiveness of DyStar’s initiatives that were installed throughout the reporting year.

DyStar maintains a cautious yet optimistic outlook on its global performance.

More information:
DyStar Sustainability Report
Source:

DyStar Singapore Pte Ltd

Graphik CHT
08.08.2023

CHT Group publishes Sustainability Report 2022

The Sustainability Report 2022, which is now digitally available summarizes key ecological, economic, and social developments.
The report shows that the CHT Group has defined and anchored sustainability as an integral part of its corporate strategy.
 

  • The group of companies is pursuing the goal of becoming climate-neutral by 2045
  • At the end of 2021, the CHT Group subscribed to the Science Based Targets initiative (SBTi) to meet the targets of the Paris Climate Agreement and committed to the 1.5 °C target
  • 77 % of sales were achieved with sustainably classified products

The issue of sustainability has been anchored in the DNA of the internationally active foundation-owned group of companies for 70 years. No less an aspiration is derived from this than to support all customers with the most innovative, most sustainable products and solutions and thus to become the leading supplier of sustainable chemical products and solutions in all target markets.

The Sustainability Report 2022, which is now digitally available summarizes key ecological, economic, and social developments.
The report shows that the CHT Group has defined and anchored sustainability as an integral part of its corporate strategy.
 

  • The group of companies is pursuing the goal of becoming climate-neutral by 2045
  • At the end of 2021, the CHT Group subscribed to the Science Based Targets initiative (SBTi) to meet the targets of the Paris Climate Agreement and committed to the 1.5 °C target
  • 77 % of sales were achieved with sustainably classified products

The issue of sustainability has been anchored in the DNA of the internationally active foundation-owned group of companies for 70 years. No less an aspiration is derived from this than to support all customers with the most innovative, most sustainable products and solutions and thus to become the leading supplier of sustainable chemical products and solutions in all target markets.

"Climate neutrality" and comprehensive social responsibility  
In the implementation of the sustainability strategy of the CHT Group, the field of action "climate neutrality" takes a central role. The CHT Group has set itself the goal of being climate neutral both in its own production and in the supply chain from the year 2045. The path to climate neutrality by 2045 is illustrated in the report as part of the strategic goal.

In addition to climate protection, social responsibility is also a top priority for the CHT Group. The continuous improvement of health protection and occupational safety is a top priority for the company.

From CHT's point of view, qualified and committed employees make a significant contribution to the company's future success. For this reason, the CHT Group promotes the professional and personal development of its workforce to a high degree and invests in future-oriented and targeted training and further education of its workforce.

For the CHT Group, the respect for human rights is an indispensable pillar of the corporate culture and an essential part of the group-wide Code of Conduct. In 2022, the Human Rights Compliance Policy Statement was developed, and compliance processes and measures were put in place to prevent any violations and identify and mitigate human rights related risks.

 

More information:
CHT Group Sustainability Report
Source:

CHT Gruppe