Resource efficiency and environment

We have an important role to play in creating a healthier planet.

Climate control systems often account for a large share of the energy use in many of our customers' operations. With an optimal climate system, we help our customers reduce their energy and water usage.

Our climate footprint originates from the use of our sold products as well as the use of electricity and fossil fuels in our production processes and to heat our offices. The goal is to continuously reduce our energy use and make our factories and processes more efficient but also to develop even more efficient products, transport our goods more efficiently and choose materials and suppliers that reduce our negative impact.

Net-zero target by 2030

We have set a target to reach net-zero emissions from our operations by 2030. The target will be reached by reducing our direct emissions in our operations and production facilities and by contributing to the development of renewable electricity sources in our markets.

We report our Scope 1, 2, and 3 emissions in accordance with Greenhouse Gas (GHG) Protocol.

Scope 1 and 2 include emissions from factory operations and company vehicles. Numbers exclude emissions from offices and other non-production locations, which Munters will start to measure in 2022.

Scope 3 includes emissions from landfill waste generated in factory operations and from air travel. Work was initiated in 2021 to be able to measure relevant emissions from additional upstream and downstream activities in the next few years.

To learn more about the progress with our Scope 1, 2, and 3 emissions, read pages 54 and 55 of our annual report.

Expand our service business

Services, which include maintenance, upgrades, and product replacements, are important to customers not least from a sustainability perspective. Services extend the life of the products and increase the efficiency of our installed products. The goal is to grow our service business to 30% of net sales in the long term.

Innovate for tomorrow

We continue to focus on further investing in our core technologies, solutions, and digitization to optimize our product portfolio. We have launched several new products, such as SyCool and DSS Pro. When we innovate, we look at various sustainability factors early in the process. For example, we take into consideration the choice of materials, recycling possibilities, and energy consumption. When we have evaluated all these aspects, we define the value proposition, technical opportunities, and profitability potential.

Progress 2022

Energy efficiency in our production plants

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

0.62

Outcome 2021: 0.90
Outcome 2020: 0.96

Green electricity

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

72%

Outcome 2021: 53%
Outcome 2020: 50%

Waste & recycling rate

Target to continuously raise the recycling rate

52%

Outcome 2021: 54%
Outcome 2020: 51%

Water consumption

Target to gradually reduce water consumption and treat wastewater in our production plants and processes (M3/production value SEK 000)

0.01

Outcome 2021: 0.02

Investment in R&D

Research and development investment measured in relation to net sales

3.8%

Sustainable Development Goals (SDGs)

The activities that Munters carries out in the area of resource efficiency support the following areas in the UN's 2030 Agenda for Sustainable Development: