Our Strategy

Our strategy is to grow a sustainable and profitable business. Our success is based on delivering on our strategic priorities as well as our ability to act sustainably with high ethics and respect for human rights, increased diversity, workplace safety and reduced environmental impact.

Our overarching strategic priorities show which areas we regard as important to our success. For each strategic priority we have clear action plans and ambitions for what we want to achieve. Sustainability is a priority issue reflected in every strategic priority.  

We have five strategic priorities that we focus on to deliver sustainable growth: 

• Markets
• Customers
• Innovation
• Excellence in everything we do
• People

Markets

Grow in prioritized areas

We are active around the world and climate change, digitization, population growth and higher demand in production environments are the key market drivers. Our resources are focused on strengthening our position in areas where we can be a market leader, i.e. where we see that we can be one of the three leading suppliers, and grow our service business. With high-quality, resource-efficient solutions and a conscious effort to reduce our own climate impact, we contribute to sustainable development.  

• Continue to lead in climate and energy efficient solutions by developing products to meet global trends and market demands 
• Acquisitions are important to our future and is part of our growth strategy
• Strengthen our position in markets where we are and can be a leader, such as lithium battery, food production, data centers, climate control and data analysis for the chicken and swine segments as well as software
• Work with several types of partnerships, such as universities and other companies, to strengthen our local presence and drive innovation

More about our sustainability goals and targets related to Markets.  

Related UN Sustainable Development Goals

More about the SDGs and how we contribute to sustainable development.

 

Customers

Close customer relationships and application expertise

We help our customers succeed by supplying high-quality climate solutions that make them more sustainable. Our success is built on close, long-term relationships and a deep understanding of the customer’s business and future needs. Our strategy is to continue to build customer insight and utilize our broad-based expertise in applications, technology and components to offer attractive solutions and services. 

• Contribute to our customers' success through high-quality, energy-efficient climate solutions that make their operations more sustainable 
• Develop close, long-term relationships with customers to understand their business and future needs 
• Ensure that our solutions are adapted to the customers’  specific criteria and application requirements and deliver high energy-efficiency
• Local presence with 17 factories and sales offices in 30 countries allows us stay close to customers 

More about our sustainability goals and targets related to Customers.  

Related UN Sustainable Development Goals

More about the SDGs and how we contribute to sustainable development.

 

Innovation

Focus R&D investments on core technologies, solutions and digitalization

Curiosity and an ambition to create pioneering technologies are part of our DNA. We will stay at the forefront of the industry’s development and contribute to sustainable development through our energy-and resource-efficient climate solutions. We continue to focus on investing in our core technologies, solutions and digitization to optimize our product portfolio and our innovative production technology.

• Further invest in our core technologies, solutions and digitization to optimize our product portfolio and innovative production technology 
• Increase the precision and efficiency of our solutions and innovation through close collaboration with customers 
• The entire Group uses the multidisciplinary Munters Product Development Model (MPDM) based on customer needs and weighing various sustainability factors early in the process
• Continue to develop software to enable our technicians and partners to quickly configure optimal solutions

More about our sustainability goals and targets related to Innovation.  

Related UN Sustainable Development Goals

More about the SDGs and how we contribute to sustainable development.

 

Excellence in everything we do

Drive continuous improvements and to reduce our environmental impact

Our aim is to increase efficiency and quality in everything we do and to reduce our climate impact. Our operations follow responsible business practices and high ethical standards with a respect for human rights, diversity, and health and safety in the workplace.  

• Increase scalability and digitization and improve our global processes to continue to deliver high-quality solutions and maintain a cost-efficient business
• Focus on efficient use of working capital and a strong cash flow to create flexibility to implement the strategy and for acquisitions 
• A valuable supplier network in 35 countries—our global organization coordinates procurement to increase standardization and concentrate on fewer suppliers
• Work systematically to reduce our climate impact through more efficient energy consumption and by increasing the share of renewable electricity  

More about our sustainability goals and targets related to Excellence in everything we do.  

Related UN Sustainable Development Goals

More about the SDGs and how we contribute to sustainable development.

People

Drive leadership, organizational and competence development

Employees are the hub of our business, their health and well-being is always top of mind and we have zero tolerance for workplace accidents. Diversity and inclusion are important to us and lead to stronger innovation. Through collaboration and a passion for creating energy-efficient solutions for our customers and partners, we contribute to our customers’ success and a better world.

• Continuously work to hire more women employees and executives  
• Zero tolerance for discrimination and harassment 
• Offer an internal mentoring program to promote development, cross-functional collaboration, team spirit and support employees in their career development 
• Run an occupational health and safety program to create a safe and healthy work environment 

More about our sustainability goals and targets related to People.  

Related UN Sustainable Development Goals

More about the SDGs and how we contribute to sustainable development.