rss icon Subscribe
desktop mobile

Hempel's "Futureproof" at the Heart of its Plan to Double its Revenues

Hempel A/S has launched its new sustainability framework dubbed Futureproof, an initiative that lies at the heart of the companies strategy to double its revenue by 2025 while dramatically cutting its carbon footprint and that of its clients across industrial sectors. Photo: Hempel

MarineLink

Hempel A/S has launched its new sustainability framework dubbed Futureproof, an initiative that lies at the heart of the companies strategy to double its revenue by 2025 while dramatically cutting its carbon footprint and that of its clients across industrial sectors.

"We 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," said COO and Executive Vice President Katarina Lindström. "Our ambition to double by 2025 makes our commitment to sustainability even more important. We want to break the link between growth and our environmental footprint. Meaning, we will double in size but our environmental footprint will not."

Ambition turns into action
A key focus area of the new action is climate, an area where Hempel is taking some crucial steps. The company will be carbon neutral in its own operations by 2025 and has made a commitment to set science-based targets in their value chain in accordance with the 1.5°C pathway. Only 300 companies worldwide have committed to this.


imageScience and R&D lie at the hear of Hempel's mandate to be carbon neutral by 2025. Photo courtesy Hempel


"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," Lindström said. Emission reduction is also an essential part of Hempel's value proposition to customers. The goal is to reduce customer CO2 emissions with at least 30 million tons 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," said 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.

A call for partnerships
Many of the greatest sustainability challenges, such as climate change, require breakthrough innovation and challenging traditional practices. "We welcome partnerships with both customers and suppliers and are also looking for opportunities to strengthen our sustainability innovation muscle through joint ventures and M&As," Lindström said. "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," she said.

Feb 24, 2021

 

People & Company News

Teledyne Acquires FLIR

(Image: Teledyne FLIR)

Industrial conglomerate Teledyne Technologies Incorporated (NYSE:TDY) said it has completed its $8

Golar Taps Karl Fredrik Staubo as CEO

© Kamel Tarek / MarineTraffic.com

Golar LNG announced on Thursday it has appointed appointed Karl Fredrik Staubo as CEO

Stena Bulk CEO Erik Hånell Discusses Path, Cost Toward Decarbonization

The InfinityMAX concept is Stena Bulk’s take on zero emissions, self-sufficient and flexible seaborne transportation. It aims to have a ship with a similar design to the InfinityMAX concept operating on the water by 2035 at the latest. Image courtesy Stena Bulk

Stena Bulk invests in the future, a future defined by decarbonization in the shipping sector.

Technology

Cavotec Wins Port Power Supply Deal for Malta’s Valletta Grand Harbor

Image courtesy Cavotec

Cavotec won a contract by Nidec ASI as part of its $14.5 million deal to provide ShorePower to

BSM Debuts Digital Pay Platform for Seafarers

Bernhard Schulte Shipmanagement (BSM)

Bernhard Schulte Shipmanagement (BSM) launched BSM NiumPay, a digital payment platform for its

Mitsubishi Shipbuilding Launches Hybrid-Propulsion Ferry Kyoto

Christening and Launch Ceremony of "FERRY KYOTO". Photo courtesy Mitsubishi Shipbuilding Co., Ltd.

Mitsubishi Shipbuilding held a christening and launch ceremony May 13, 2021 for the first of two

Maritime Apps