Rockwool A/s Class A · OMXCOP:ROCK_A
Rockwool A/s Class A — ESG Presentation (March 2024)
33 slides from Rockwool A/s Class A's sustainability presentation, Mar 8, 2024
Slide 1: ESG Investor Call
ESG Investor Call March 08, 2024 ESG Investor Call | March 08, 2024 | ROCKWOOL Group
Slide 2: Agenda: ESG investor call
Agenda: ESG investor call 1. Sustainability progress 2. Decarbonisation 3. Ratings and reporting 4. Sustainable business drivers ESG Investor Call | March 08, 2024 | ROCKWOOL Group 2
Slide 3: Good progress on sustainability goals
Good progress on sustainability goals Baseline year 2015 (goal 2030)* Scope 1 and 2 CO2 emission intensity 14% 20% Water use intensity 16% 20% Reclaimed material 21 30 countries Energy efficiency in own buildings 39% 75% Landfill waste 53% 85% Occupational safety and health zero fatalities and two ser
Slide 4: ROCKWOOL commits to achieve net zero by 2050
Good progress on sustainability goals Baseline year 2015 (goal 2030)* Scope 1 and 2 CO2 emission intensity 14% 20% Water use intensity ROCKWOOL Reclaimed material 16% 20% commits 21 30 countries to achieve Energy efficiency in own buildings 39% 75% net zero Landfill waste 53% 85% greenhouse gas Occupa
Slide 5: Decarbonisation: Our goals, actions and contextual constraints
02 – Decarbonisation: Our goals, actions and contextual constraints ESG Investor Call | March 08, 2024 | ROCKWOOL Group 5
Slide 6: Advancing our decarbonisation commitment
Advancing our decarbonisation commitment ESG Investor Call | March 08, 2024 | ROCKWOOL Group 6
Slide 7: Electrification of our factories past, present, and future
Electrification of our factories Conversion completed past, present, and future Conversion ongoing Conversion planned Decarbonisation – electrifying our melting Norway process, is the main lever to achieve our targets. Key to success – deploying innovative technologies in both existing and futur
Slide 8: Electrification of our factories
Electrification of our factories We can do it, but it’s not as straight- forward as one might think ROCKWOOL has production facilities in 23 countries (globally). Each facility has different political environments, economic and business conditions, degrees of infrastructure readiness, supply cha
Slide 9: ROCKWOOL purchases 100 hectares in Washington state, USA
ROCKWOOL purchases 100 hectares in Washington state, USA ROCKWOOL North America yesterday announced a land purchase with intention to build a state-of-the-art manufacturing facility featuring proprietary electric melting technology. No construction timeline has been set for the new facility, which
Slide 10: Decarbonisation targets approved by SBTi in 2020
ROCKWOOL’s decarbonisation targets were approved by the Science Based Targets initiative (SBTi) in 2020 10
Slide 11: Ratings & Reporting: Reporting requirements and ratings
03 – Ratings & Reporting: Reporting requirements and ratings - what does it mean for ROCKWOOL? ESG Investor Call | March 08, 2024 | ROCKWOOL Group 11
Slide 12: ESG – Emerging regulation and ESG ratings
ESG – Emerging regulation (governance) and ESG ratings Substantial new reporting requirements E Environmental falling into place for EU-based companies The CSRD is one very important example of emerging governance relating to disclosure of ESG-related data While the CSRD will require a lot in
Slide 13: Towards a more level playing field within sustainability ratings
Environmental Towards a more level playing field within sustainability ratings ESG Investor Call | March 08, 2024 | ROCKWOOL Group 13
Slide 14: Positive 2023 sustainability ratings
Positive 2023 sustainability ratings ESG ranking Elaboration & benchmark Score ROCKWOOL with highest - leadership level in A- Leadership level Climate Change disclosure for 3rd consecutive year LEADER status: ROCKWOOL is a leader among LEADER with AA 110 companies in the building products industry R
Slide 15: ESG ratings and rankings: Important, but not perfect
ESG ratings and rankings Important, but not perfect… There is a multiplicity of rating systems, with limited methodology harmonisation: • Data collection requirements vary • Flexibility in definitions and data requirements makes for “subjective judgement calls” in company ESG data-disclosure • Met
Slide 16: Governance: Preparation for the CSRD
Governance Preparation for the CSRD ESG Investor Call | March 08, 2024 | ROCKWOOL Group 16
Slide 17: EU CSRD (Corporate Sustainability Reporting Directive)
EU CSRD (Corporate Sustainability Reporting Directive) What are the What will CSRD Important More coming-up goals of CSRD? cover? deadlines Currently, CSRD imposes general sustainability Standardisation: same role Same scope of reporting as Applies for 2024 data reporting standards as IFRS f
Slide 18: 15 Material Sustainability Topics: Double Materiality Assessment
15 Material Sustainability Topics Double Materiality Assessment (DMA) The double materiality Environment Social Governance assessment process was Climate change Own workforce Prevention of corruption structured around the following 5 stages: Energy mix health & safety and bribery Own workf
Slide 19: Taxonomy alignment
Taxonomy alignment ROCKWOOL has carried out the “Do No Significant Harm” (DNSH) assessment to determine alignment with the taxonomy. 1. Climate change adaptation 2. Sustainable use and protection of water and marine resources 3. Transition to a circular economy 4. Pollution prevention and control 5.
Slide 20: Social: Human Rights
Social Human Rights ESG Investor Call | March 08, 2024 | ROCKWOOL Group 20
Slide 21: Human Rights: ROCKWOOL takes action
Human Rights ROCKWOOL takes action ROCKWOOL Group reaffirms its commitment to uphold the principles outlined in international human rights standards, including the Universal Declaration of Human Rights, the International Labour Organization (ILO) conventions, and the United Nations Guiding Princip
Slide 22: Sustainable business: Regulatory drivers and commercial pull
04 – Sustainable business: Regulatory drivers and commercial pull ESG Investor Call | March 08, 2024 | ROCKWOOL Group 22
Slide 23: How is the policy and regulatory framework shaping our sustainability strategy?
How is the policy and regulatory framework shaping our sustainability strategy and impact? 1 EU climate and energy policy broadly supports our decarbonization strategy 2 Buildings and energy efficiency continue to be a major policy focus 3 Sustainable product policies are promising – but more needs
Slide 24: Policy & Regulation
Policy & 01 02 03 Regulation Legislation which has the potential to drive EU climate and 2040 EU climate Building Reno. & the market forward energy policy target plan Energy efficiency 04 05 06 07 Corporate Sustainability Fire safety policy Circular EU rules on Reporting (national) Economy Action gr
Slide 25: Policy & Regulation
Policy & 01 02 03 Regulation Legislation which has the potential to drive EU climate and 2040 EU climate Building Reno. & the market forward energy policy target plan Energy efficiency 04 05 06 07 Corporate Sustainability Fire safety policy Circular EU rules on Reporting (national) Economy Action gr
Slide 26: Building renovation
Building renovation Building renovation is a major focus of EU and national policy EPBD implementation will drive up renovation rates – to be covered by ROCKWOOL PV Panels – EU Solar Strategy ESG Investor Call | March 08, 2024 | ROCKWOOL Group 26
Slide 27: Energy efficiency
Energy efficiency High-level political support for energy efficiency COP28 Global Pledge on Renewables and Energy Efficiency Energy Efficiency Directive Industrial Emissions Directive ESG Investor Call | March 08, 2024 | ROCKWOOL Group 27
Slide 28: Fire safety policy (national)
Fire safety policy (national) Fire safety policy creates additional demand for non- combustible insulation ESG Investor Call | March 08, 2024 | ROCKWOOL Group 28
Slide 29: Circular Economy Action
Circular Economy Action Progress on circular economy and waste policy has been insufficient to drive circularity across our value chain We need a higher level of ambition and the right incentives ESG Investor Call | March 08, 2024 | ROCKWOOL Group 29
Slide 30: EU rules on green claims
EU rules on green claims EU has a major focus on devel- oping sustainable product policy New EU rules on green claims and empowering consumers At EU level there is also a lot of attention on chemicals policy ESG Investor Call | March 08, 2024 | ROCKWOOL Group 30
Slide 31: Questions?
Questions? ESG Investor Call | March 08, 2024 | ROCKWOOL Group 31
Slide 32: ROCKWOOL ESG contacts
ROCKWOOL ESG contacts Please contact: [email protected] Jens Birgersson Mirella Vitale Kim Junge Andersen CEO Senior Vice President CFO Marketing, Communication & Public Affairs ROCKWOOL Group ROCKWOOL Group ROCKWOOL Group ESG Investor Call | March 08, 2024 | ROCKWOOL Group 32
Slide 33: Thank you!
Thank you! ROCKWOOL A/S Hovedgaden 584 2640 Hedehusene Denmark CVR No. 54879415 Tel.: +45 46 56 03 00 www.rockwool.com ESG Investor Call | March 08, 2024 | ROCKWOOL Group 33