Sustainability Mission and Reporting

Transparent and comparable reporting is essential for disclosure, accountability, and influencing broader positive change.

Based on the expectations of our customers and stakeholders, we have selected and prioritised ESG ratings and reporting frameworks that align with our material issues and strategic readiness. Today, we report according to leading global standards and initiatives, including the Task Force on Climate-related Financial Disclosures (TCFD), which guides our climate risk reporting. We have validated Science Based Targets (SBTi) to steer our decarbonisation efforts, are a proud signatory to the UN Global Compact (UNGC), endorse the UN Sustainable Development Goals (UNSDGs) as part of our broader sustainability commitments. To strengthen nature-related disclosures, we align our action and reporting with the Taskforce on Nature-related Financial Disclosures (TNFD). We also benchmark our performance through EcoVadis and collaborate with industry peers via Together for Sustainability. In addition, we are active members of the Climate Group EV100 and The Valuable 500, reinforcing our commitment to climate action and inclusion.

At Hempel, we address climate-related risks and opportunities as an integrated part of our 2030 Sustainability Mission, including sustainability-related CAPEX planning. We have conducted a comprehensive climate impact assessment based on TCFD recommendations and study climate change scenarios expressed by the Intergovernmental Panel on Climate Change (IPCC). We demonstrate alignment by reporting under TCFD’s four pillars of Governance, Strategy, Risk Management, and Metrics & Targets, integrating climate risk into enterprise risk processes, and disclosing validated targets such as those set through the Science Based Targets initiative (SBTi).

At Hempel, we demonstrate alignment by having our emissions reduction targets validated by SBTi and by integrating these targets into our 2030 Sustainability Mission and operational planning, ensuring progress is tracked and transparently reported.

At Hempel, we align our reporting with the TNFD recommendations and pillars, integrating nature considerations into our ESG governance and risk management processes, and assessing nature-related impacts in our operations and value chain.

Our engagement with EcoVadis reflects our commitment to transparency and responsible supply chain management. In 2025, we were awarded a Bronze Medal in recognition of our sustainability achievements, which places us among the top 35% of all companies rated by EcoVadis. This recognition covers our sustainability policies, actions, and results. To build on this progress, we have implemented a structured process to address EcoVadis’ corrective actions and continue to improve and track our performance ahead of the next self-assessment.

Hempel leverages their audits for suppliers from high impact categories and high risk countries, evaluations on ESG performance, and shared best practices, to drive collaboration across the industry, reduce duplication, and ensure consistent sustainability standards. Hempel's supplier engagement program aims to improve ESG competency building and data collection for transparency and analysis, with a strong focus on labour and human rights, and scope 3 decarbonisation within our upstream value chain.