Recticel SA/NV 2020 AR2
The report outlines Recticel's performance and strategic transformation during 2020, a year marked by the COVID-19 pandemic and significant portfolio restructuring. The company successfully divested its Automotive Interiors division and its 50% stake in the Eurofoam joint venture, while signing the acquisition of FoamPartner to create a global player in Engineered Foams. On the sustainability front, Recticel launched its Electricity Sustainability Roadmap to reduce electricity-related CO2 impact by 75% by 2025 and achieved a climate-positive multiple of 46, meaning its insulation products offset 46 times its carbon footprint. Additionally, the company renewed its Sustainability Strategy for 2021-2025, focusing on circular economy transitions and reducing its carbon footprint by 40% by 2030.
Company: Recticel SA/NV
Sector: Manufacturing
Country: Belgium
Year: 2020
Type: AR2
Pages: 119
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Recticel SA/NV
Annual Report
The report outlines Recticel's performance and strategic transformation during 2020, a year marked by the COVID-19 pandemic and significant portfolio restructuring. The company successfully divested its Automotive Interiors division and its 50% stake in the Eurofoam joint venture, while signing the acquisition of FoamPartner to create a global player in Engineered Foams. On the sustainability front, Recticel launched its Electricity Sustainability Roadmap to reduce electricity-related CO2 impact by 75% by 2025 and achieved a climate-positive multiple of 46, meaning its insulation products offset 46 times its carbon footprint. Additionally, the company renewed its Sustainability Strategy for 2021-2025, focusing on circular economy transitions and reducing its carbon footprint by 40% by 2030.
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Document Details
Report Year
2020
Reporting Period
Jan 1, 2020 - Dec 31, 2020
Fiscal Year
2020
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
Assurance
Assurance Provider
Assurance Standard
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Women on Board
Women in Management
Employees