Xella Group, a leading European provider of sustainable, efficient, and affordable walling solutions, has taken comprehensive action to adapt to the macroeconomic environment. In 2023, the company made significant progress in its sustainability initiatives and is on track to reach its sustainability goals for 2030. This includes the approval of its targets to reduce scope 1, 2 and 3 carbon dioxide emissions by the Science Based Targets Initiative (SBTi).
The company has set ambitious goals to reduce its CO2 emissions, aiming for a 42 percent reduction in scope 1 and 2 emissions by 2030. Additionally, it plans to decrease scope 3 emissions by 25 percent, focusing on purchased goods and services. To achieve these targets, the company will prioritize energy-efficient production, increased use of renewable energies, and phasing out coal in its plants. It also plans to deepen partnerships with key suppliers, optimize recipes, and develop the circularity of its materials.
Xella Group is dedicated to the goal of eliminating the disposal of production leftovers in landfills, with the aim of ending the landfill of any AAC or CSU residues by 2030. In order to enhance the recyclability of its products, Xella is improving its value chain to accept secondary materials from recycling companies and is working on developing new products using crushed and milled AAC coarse material and lighter materials with the help of its own research & development facility, Xella Technologie- und Forschungsgesellschaft mbH (T&F).
Xella has made significant investments in improving safety and compliance within the company. As a result, the number of accidents has decreased by 36 percent in the past year. Additionally, Radmila Petrovic has been appointed to the Executive Committee as Chief Legal and Compliance Officer, further strengthening governance and compliance within the company.
“The construction industry is key to achieving the climate goals in Europe. At Xella, we have made significant progress in driving energy and resource efficiency and are working tirelessly to enhance circularity principles throughout the lifecycle of our sustainable products.”
“At Xella, we know that we have major societal and environmental responsibilities. I am therefore particularly proud that Xella’s decarbonization path for 2030 has been approved by the Science Based Targets Initiative. This will help Xella achieve its business targets by providing low CO2 building materials.”
Christophe Clemente, CEO of Xella Group, stated:
Cécile Fages, Chief Sustainability and Communications Officer at Xella Group, commented:
Xella Group’s sustainability initiatives were acknowledged by external ESG experts. In July 2023, Sustainalytics, an independent ESG rating agency, recognized the company as a leader in its industry. With a score of 17.5 and a low risk profile, Xella ranked second among 142 construction materials companies globally.
Adapting to the Changing Macroeconomic Landscape
Despite the challenging macroeconomic conditions in 2023, the new residential construction market in Europe faced a 33% decline. The Group managed to generate over 1 billion euros in total revenue, a decrease from the previous year’s 1.4 billion euros. The normalised EBITDA reached approximately 205 million euros, down from 291 million euros in 2022.
In the last year, the Group has implemented several strategies to enhance its production network, decrease fixed costs, and effectively adjust to the difficult macroeconomic environment, all while remaining committed to its ambitious sustainability goals.
Źródło dystrybucji: pap-mediaroom.pl
