Hempel has launched Futureproof, its new sustainability framework for delivering on their strategic goal of sustainability leadership.
Hempel has announced the launch of its new sustainability framework, Futureproof, which aims at turning ambition into action, in order to reach the sustainability goals the company set for itself. This launch follows the recent announcement that the company has the ambition to double its revenue by 2025.
“We firmly believe that placing sustainability at the heart of how we do business is essential for our ambition to double the company. Our customers expect more sustainable solutions and today's and tomorrow's employees want to work for companies that have a clear and progressive position on sustainability. And of course, it's the right thing to do. Our ambition to double by 2025 makes our commitment to sustainability even more important,” says Katarina Lindström, COO and Executive Vice President. “We want to break the link between growth and our environmental footprint. Meaning, we will double in size but our environmental footprint will not.”
Hempel’s sustainability ambition
Hempel is focusing on climate and will be carbon neutral in its own operations by 2025. Moreover, it has set science-based targets in its value chain in accordance with the 1.5°C pathway.
“It's a game changer for us. It will have a big impact on how we operate our business: how we run our factories, how we select our suppliers, how we produce our products,” says Lindström.
Another essential part of Hempel’s value proposition to customers is emission reduction: the company has set a goal to reduce customer CO2 emissions by at least 30 million tonnes by 2025.
“We already have solutions that enable fuel savings and keep buildings cooler. In the future, we want to have even more products and services that give customers tangible and measurable sustainability benefits,” explains Lindström.
The plan is to make sustainability a key driver for Hempel’s product development and innovation, e.g. by establishing technology research programs and harnessing Hempel’s new innovation incubator, GrowHub.
The sustainability ambitions also cover social aspects, such as inclusion and diversity.
“At Hempel, we want our employees to feel they are respected and treated fairly and that everybody brings their whole self to work. Diverse teams create better ideas, and companies that succeed in bringing diverse teams together have higher earnings. Inclusion and diversity are the key to how we innovate and evolve as a company,” says Pernille Fritz Vilhelmsen, Executive Vice President and Chief People and Culture Officer.
In order to achieve its goals, Hempel is also welcoming partnerships with both customers and suppliers and looking for opportunities to strengthen its sustainability innovation muscle through joint ventures and M&As.
“We are embarking on a journey. Wiring sustainability into our business does not happen overnight. We will have to run both fast and far and we are committed to making it happen,” concludes Lindström.