TAGS: Sustainability / Natural Coatings
Stahl publishes its 2023 Environmental, Social and Governance (ESG) Report. Stahl is a provider of specialty coatings and treatments for flexible substrates. The report outlines Stahl's recent progress on its ESG Roadmap to 2030. It also shows the steps Stahl is taking to live its purpose of ‘Touching lives, for a better world’.
Surpassing Interim Environmental Targets
Stahl’s ESG Roadmap to 2030 includes interim targets for 2023. It makes this a year in which Stahl reached several important milestones. For example, the company reduced its scope 1 and 2 greenhouse gas (GHG) emissions by 22% versus 2022. Furthermore, in 2023 the Science Based Targets initiative (SBTi) validated Stahl's scope 1, 2 and 3 targets. This made Stahl one of the first coatings companies on the SBTi-approved list.
To reduce its GHG emissions, Stahl is actively increasing its use of clean energy. At the end of 2023, renewable energy generation, such as solar panels, had been installed at four Stahl sites, compared to its target of three.
Measuring and reducing – the impact of products is an important step in the company’s scope 3 emissions. As such, 353 Stahl products now have either life cycle assessment (LCA) or product carbon footprint (PCF) data, far exceeding the 2023 target of 50.
“
Stahl’s 2023 ESG Report looks back on an important year for Stahl and its people. We delivered on our interim ESG Roadmap milestones and defined our new interim goals for 2026, that support our ambition to be an ESG leader in our space,” said Maarten Heijbroek, chief executive officer of Stahl.
“
In April 2023, we launched our new purpose – ‘Touching lives, for a better world’. I believe this sent a clear message about the kind of company we aspire to be and the impact we want to have on society. I look forward to collaborating with our value chain partners to make even more impact in 2024," added Heijbroek.
Ratings & Certifications
In 2023, 2,161 of Stahl's products were certified by Zero Discharge of Hazardous Chemicals (ZDHC), in line with ZDHC MRSL V3.1. These products represented 70% of the company’s sales revenue. This demonstrates increased demand for coatings with a lower risk to health and the environment.
Stahl was also proud to achieve a Platinum rating from EcoVadis for the second year in a row, which places it in the top 1% of companies evaluated. Stahl also exceeded its 2023 target of an average EcoVadis rating of at least 60/100 for their top ten suppliers, with an average rating of 68/100 reported in December 2023.
A core pillar of Stahl’s ESG approach is how it supports its employees’ physical and mental well-being. The 2023 ESG Report outlines several examples of this commitment, such as improvement in its key safety KPIs for the third year in a row.
Source: Stahl