Stahl outlines progress on environmental, social, governance ambitions in 2022 ESG report
Did you know that our 2023 ESG report is already out as well? You can read the full report here.
Waalwijk, the Netherlands, March 22, 2023 – Stahl, a leading provider of coating technologies, has published its 2022 Environmental, Social, and Governance (ESG) Report. The report, which shares its title with Stahl’s new purpose –Touching lives, for a better world – details the company’s recent progress against its mid-term ESG 2030 targets and broader ESG ambitions. The report is available to view as a fully digital version.
Stahl's 2022 ESG Report is the 10th edition of the publication, which aims to provide stakeholders with a clear understanding of the company’s ESG strategy, goals, and activities. In 2022, Stahl took steps to strengthen its non-financial reporting, including preliminary efforts to address the requirements of the Corporate Sustainability Reporting Directive (CSRD), a forthcoming EU regulation. Stahl has established a project team to gain a better understanding of double materiality, governance elements, and other ESG disclosures related to the CSRD.
Demonstrable progress against Stahl’s ESG targets
A key focus of the report is Stahl’s ESG Roadmap to 2030, a list of ESG-related commitments and targets aligned with the UN Sustainable Development Goals (SDGs). The roadmap uses metrics to track Stahl’s progress against its targets, which are based on a set of clearly defined environmental, social, and governance topics.
These targets include reducing greenhouse gas (GHG) emissions. In 2022, the CO2e intensity of Stahl's Scope 1 and Scope 2 GHG emissions fell by 3%. This followed a decrease of more than 30% in the company’s Scope 1 and 2 emissions in absolute terms between 2015 and 2020. During the year, Stahl also submitted a new Scope 3 target to the Science Based Targets initiative (SBTi), with the aim of reducing its upstream emissions by at least 25% by 2030 (2021 baseline). Scope 3 GHG emissions cover all the additional indirect emissions that may occur in the value chain, including those associated with purchased raw materials, packaging, business travel, logistics and transportation, and dealing with end-of-life products. Stahl’s Scope 3 emissions currently represent over 90% of its carbon footprint.
EcoVadis Platinum rating
In 2022, Stahl received an EcoVadis Platinum rating, placing it in the top 1% of companies assessed by the globally renowned EcoVadis sustainability rating platform. By achieving the highest possible rating, Stahl has surpassed its ESG Roadmap goal of achieving a Gold rating by 2023. Stahl’s commitment to the EcoVadis process also extends to its supply chain. 83% of the company’s raw material spend came from EcoVadis-rated suppliers, and Stahl aims to ensure that all EcoVadis-rated suppliers in its network achieve a minimum rating of 47/100 by 2030.
Safe and supportive work environment
Stahl’s 2022 ESG report also details the company’s efforts to support the physical and mental well-being of its employees, forming a core pillar of its ESG approach. For instance, Stahl’s Roadmap to 2030 includes a target to have all Stahl manufacturing sites ISO 45001-certified1 by 2030 (59% of Stahl’s products were produced at ISO 45001-certified sites in 2022).
In addition, Stahl has taken steps to increase employee engagement and strengthen its diversity, equity, and inclusion (DEI) culture and vision. This has included defining and implementing local DEI plans in each of Stahl’s legal entities worldwide and appointing local DEI committees for each entity. As part of this effort, Stahl is committed to improving gender equality and the representation of women throughout the organization. To this end, it has set a target to achieve 30-60% female representation across the company’s Leadership Team, Extended Leadership Team, and heads of function.
Maarten Heijbroek, CEO of Stahl: “2022 was my first full year as CEO, and I am proud to say that it was a year of progress, as we continued to build momentum toward the goals set out in our ESG Roadmap to 2030. It was a year of significant milestones, including the announcement of our new Scope 3 greenhouse gas emissions target and our EcoVadis Platinum rating, to name a few. While we still have a long way to go to become the responsible organization we aspire to be, each year we touch more lives, as we work with our partners to create a better world.”
Read Stahl’s 2022 ESG Report in full here. Did you know that our 2023 ESG report is already out as well? You can read the full report here.