Targets and performance

Munters contributes to sustainable development through our offering of energy efficient climate solutions and our own operations. To maintain a sustainable and profitable business, Munters has integrated sustainability in every aspect of the business strategy.

 

Target

Result 2024

Scope 1 & 2 CO2e emissions

42.0% absolute reduction from 2023 to 2030. 

+3%

 

Scope 3 tCO2e per unit of sold product 

51.6% reduction in emissions from the use of our products per units of sold products, from 2023 to 2030.

-37%

 

Energy efficiency in our production plants

Target to continuously improve energy efficiency in relation to output value in our factories (MWh electricity/production value SEK 000)

0.54

Outcome 2023: 0.52
Outcome 2022: 0.62
Outcome 2021: 0.90

Renewable electricity in our production facilities

Eventually, we want 100% of our electricity to come from renewable sources, and the goal is to reach at least 80% by 2026 in our production facilities


79%

Outcome 2023: 80%
Outcome 2022: 72%
Outcome 2021: 53%

Recycled & reused waste in production facilities 

We to continuously the proportion of waste that is recycled or reused


50%

Outcome 2023: 55%
Outcome 2022: 52%
Outcome 2021: 54%

Investment in R&D

Research and development investment measured in relation to net sales

3,5%

Outcome 2023: 3,9%

Percentage of employees, women

We aim to increase the share of women in our workforce.
The target is 30% by 2030


23%

Outcome 2023: 21%
Outcome 2022: 22%
Outcome 2021: 21%

Percentage of leaders, women

We aim to increase the share of women leaders.
The target is 30% by 2030. *Salary setting managers

 

22%

Outcome 2023: 21%
Outcome 2022: 22%
Outcome 2021: 21%

Total Recordable Incident Rate* (TRIR)

Munters strives to eliminate all accidents in production, which we measure by TRIR.

*The Total Recordable Incident Rate (TRIR) is the number of accidents where the employee had to seek medical assistance multiplied by 200,000/number of hours worked.

1.2

Outcome 2023: 1.2
Outcome 2022: 1.8
Outcome 2021: 1.7

Code of conduct for suppliers

The target is that 100% of our largest suppliers will
sign the Code of Conduct

 

99%

Outcome 2023: 100%
Outcome 2022: 100%
Outcome 2021: 100%

Training in code of conduct

In total, 51% of all employees were trained during 2023, and 83% have completed the training measured over a two-year period


83%

Outcome 2023: 71%