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Sustainability

Our approach

Sustainability is core to our business. We contribute to sustainable development through our offering of energy-efficient climate solutions. To maintain a sustainable and profitable business, we have integrated sustainability into every aspect of our business strategy. We ensure that our business is sustainable by setting ambitious goals in terms of emissions, resource efficiency, diversity, safety and ethical business practices. 

Read more about our approach to sustainability in an interview with President and CEO Klas Forsström.

"I am proud to say that sustainability is fully integrated in our business strategy."

- Klas Forsström, President and CEO

Sustainability goals

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  • Offer our customers high-quality, resource-efficient climate solutions that contribute to achieving their sustainability targets
  • Reduce carbon dioxide emissions, increase energy efficiency and the share of renewable electricity in our operations
  • Increase diversity and ensure an inclusive culture and workplace safety
  • Ensure high ethics and respect for human rights throughout the value chain.

 

Progress 2021

 

Recycling rate Proportion of women in management Total recordable incident rate
54%

(2020: 47)

Target: Continuously raise the recycling rate as a percentage of total waste volume generated

23%

(2020: 22)

Target: Increase the percentage of women employees and executives to 30% by 2025. In 2021, both the proportion of women employees and the proportion of women leaders continued to increase, but not at the desired rate.

1.7

(2020: 1.2)

Target: Eliminate accidents in production. 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.

     
Energy efficiency Proportion of suppliers who signed our Code of Conduct Green electricity
0.9

(2020: 0.96)

Target: Continuously reduce electricity consumption in production facilities relative to production value (MWh/production value SEK 000)

100%

(2020: 22)

Target: All major suppliers of direct and indirect material must sign the code of conduct.

53%

(2020: 50)

Target: The percentage of electricity from renewable resources in our production facility will be increased to 80% by 2026.

See more of our sustainability targets and KPIs

Ratings and reviews

CDP rating C

We joined the CDP in 2018 and since 2019 we have reported our activities to reduce our climate impact. In 2020, we received a C rating. The goal is to improve our rating and even though we received a C rating for Climate Change 2021, we achieved a higher grade in almost all sub-areas.

Read the review

MSCI rating AA

An MSCI ESG Rating is designed to measure a company's resilience to long-term environmental, social and governance (ESG) risks. Companies are rated on a AAA-CCC scale relative to the standards and performance of their industry peers. In 2021, we received an AA rating. 

Read the review

More about sustainability

Annual and Sustainability Report

Download the 2021 report

UN Global Compact

Since 2018, Munters has committed to report in accordance with the ten principles of the UN Global Compact on human rights, labor, the environment and anti-corruption.  

Learn more about the UN Global Compact

EU Taxonomy

The EU has created the EU Taxonomy to reach its climate and energy targets by 2030. We have done an analysis to identify taxonomy-eligible economic activities.

Read more

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