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We have set out four key sustainability strategic priorities. Targets for three of these are embedded into our management incentive arrangements.

  • Becoming a zero-accident company.

  • Reducing our Scope 1 and Scope 2 CO2e emissions to reach net zero by 2050 at the latest.
  • Helping our customers reduce their own CO2 emissions. 

  • Increasing gender diversity in the Senior Leadership Group and at every level of the Company.

 

Vesuvius Board has identified 11 significant non-financial KPIs for the business and its strategy. Two KPIs relate to innovation (Total R&D spend and percentage of new product sales), while the remaining nine cover the Group’s main Sustainability objectives. 

We have set stretching targets for the Group’s sustainability KPIs to reach within set time frames, these are set out in the table below. In view of the progress made, the reduction of Scope 1 and Scope 2 CO2e emissions target was increased in 2022 from 10% to 20% and its coverage increased from Energy CO2e to all CO2e emissions.

In 2022, our Scope 1 and Scope 2 CO2e emission intensity per metric tonne of product packed for shipment was 18.8% lower than in 2019. We are ahead of our schedule to achieve our 2025 target. 

Our Lost Time Injury Frequency Rate (LTIFR) of 1.08 per million hours worked in 2022 was stable vs 2021 (1.06). Excluding third-party contractors and visitors, the LTIFR was 1.08. (Third-party contractors and visitors LTIFR 2022: 1.02.) We are on our schedule to achieve the 2025 target. Learn more about Health and Safety in Vesuvius.  

Since the launch of the Modern Slavery red flag training, we have trained 100% of the targeted staff.

KPI Measure Target 2022 progress vs plan 2022 progress Main domain UN Sustainable Development Goals
Safety Lost time Injury Frequency Rate- below 1 < 1 On schedule 1.08 Our people 3,8
Energy consumption By 2025, reduce energy consumption per metric tonne of product packed for shipment (vs 2019) -10% On schedule -6.0%1 Our planet 9,13
Energy CO2e emissions By 2025, reduce (Scope 1 and Scope 2) energy CO2e emissions per metric tonne of product packed for shipment (vs 2019) -20% Ahead of schedule -18.8%1,2 Our planet 9, 12, 13
Wastewater By 2025, reduce waterwaste per metric tonne of product packed for shipment (vs 2019) -25% Behind plan -9.0% Our planet 6,9,12
Solid waste By 2025, reduce solid waste (hazardous and sent to landfill) per metric tonne of product packed for shipment (vs 2019) -25% On schedule -13.8% Our planet 9,12
Recycled material By 2025, increase the proportion of recycled materials from external sources used in production 7% Behind plan 6.0% Our customers 9,12
Gender diversity  By 2025, increase female representation in the top management (GEC plus their key directs1) 25% On schedule 20% Our people 5
Compliance training Increase the percentage of targeted staff who complete anti-bribery and coruruption training annually. 90% Ahead of schedule 99% Our communities 16
Supply chain By the end of 2023, conduct sustainability assessments of suppliers covering at least 50% of Group spend. 50% Ahead of schedule 48% Our communities 8,10,17

1. Re-baselined using pre-acquisition data for the business acquired from Universal Refractories, Inc.

2. Does not include fugitive emissions (de minimis).