ESG data and references
2020 ESG data highlights
Environmental performance
- Resource efficiency increased relative to the economic value generated: 10.83 kgCO2 per EUR 1,000 of revenues versus 17.68 kgCO2 in 2019.
- There was a 41% CO2 reduction from scope 1, 2, and 3 compared to 2019, mainly due to new ways of working that have emerged during the pandemic. With the onset of COVID-19, trade show participations were cancelled in March 2020 and air travel was drastically reduced, while service engineers and installation teams accelerated their journey in offering virtual and remote support to Marel’s customers and colleagues.
- Emissions from air travel (scope 3) decreased by 79% in 2020 compared to 2019. Some air travel was replaced by travel in company cars, resulting in 17% higher carbon emissions from company cars (scope 1) in 2020.
- Going forward, emissions from air travel are likely to increase as trade show activities and general business travel picks up again. New ways of working and use of digital solutions will provide opportunities for further operational efficiencies and emissions.
- Marel continued its focus on lowering energy intensity per FTE and moving towards using renewable energy, which represents around 54% (2019: 52%). In 2020, Marel adopted a Green Energy Procurement Policy on the preferred sourcing of green energy for electricity. The aim is to phase out the use of grey energy in favor of green energy sources.
- Marel finalized the fourth core cross-industry solutions lifecycle analysis and its environmental impact.
- Marel has committed to the Science-Based Targets initiative and to integrating the recommendations of the Task Force on Climate-Related Financial Disclosure (TCFD) into Marel’s 2021 climate-risk reporting. Marel is aiming for carbon neutrality well before 2050.
Social performance
Sustainable governance
Environmental reporting guidelines
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Nasdaq ESG Indicator
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Connections to frameworks
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2020
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2019
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Units
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|---|---|---|---|---|---|
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E1
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Direct & indirect GhG emissions
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13,412
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22,708*
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Tons CO2e
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|
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E1.1
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Scope 1
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6,321
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5,857*
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Tons CO2e
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|
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E1.2
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Scope 2
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4,519
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4,538*
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Tons CO2e
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|
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E1.3
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Scope 3
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2,572
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12,313
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Tons CO2e
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|
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E2
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Emission intensity
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10.83
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17.68*
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kgCO2e per 1000 €
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E3
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Energy usage
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49.2
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49.5
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GWh
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E3.1
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Directly consumed
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16.9
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17.1
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GWh
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E3.2
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Indirectly consumed
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32.3
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32.4
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GWh
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|
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E4
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Energy intensity
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7.6
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7.9
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MWh per FTE
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|
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E5
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Energy mix
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54%
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52%*
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Share of renewables
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|
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E6
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Water usage
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-
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-
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E7
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Environmental operations
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E7.1
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Formal environment policy
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Yes
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Yes
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E7.2
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Specific waste, water, energy, and/or recycling polices
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Yes
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Yes
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E7.3
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Recognized energy management system
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Yes
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No
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Total waste
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4.8
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5.6
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1,000 tons
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||
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Of which is recycled
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3.5
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4.1
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1,000 tons
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E8
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Climate related risk oversight
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Yes
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No
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E9
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Sustainability issue oversight
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Yes
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Yes
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E10
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Climate risk mitigation
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-
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-
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Sales-weighted fleet fuel efficiency
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Not material
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Not material
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For medium and heavy-duty vehicles
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||
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Use of critical materials
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Yes
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Yes
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* Restated in line with the guidelines of the Greenhouse Gas Protocol.
Social reporting guidelines
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Nasdaq ESG Indicator
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Connections to frameworks
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2020
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2019
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Units
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|---|---|---|---|---|---|
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S1
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CEO pay ratio
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||||
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S1.1
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CEO pay ratio
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19.3:1
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18.3:1
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CEO total compensation as ratio to median Icelandic FTE compensation*
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|
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S1.2
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Reported in regulatory filings
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Yes
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Yes
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S2
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Gender pay ratio
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3.4%
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8.4%
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Gender pay gap
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|
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S3
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Employee turnover ratio
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9.8%
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10.9%
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Year-over-year change for full-time employees
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|
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S4
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Gender diversity
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||||
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S4.1
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Total enterprise headcount
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16/84
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16/84
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Women/men ratio
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|
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S4.3
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Executive team
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44/56
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17/83
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Women/men ratio
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|
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S5
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Temporary worker ratio
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9.8%
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13.6%
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Third-party and temporary FTEs ratio
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|
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S6
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Non-discrimination policy
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Yes
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Yes
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Policy in place
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|
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S7
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Injury rate
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0.91
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1.24
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Total recordable incident rate**
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Fatality rate
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0
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0
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For medium and heavy-duty vehicles
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||
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Number of near accidents
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Not material
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Not material
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For medium and heavy-duty vehicles
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||
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S8
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Global health & safety
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Yes
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Yes
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Policy in place
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S9
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Child & forced labor
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||||
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S9.1
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Child & forced labor policy
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Yes
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Yes
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Policy in place
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S9.2
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Policy covers suppliers and vendors
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Yes
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Yes
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Included
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S10
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Human rights
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||||
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S10.1
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Human rights policy
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Yes
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Yes
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Policy in place
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|
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S10.2
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Policy covers suppliers and vendors
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Yes
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Yes
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Included
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|
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Number of employees
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6,464
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6,303
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* Changed methodology and restated 2019. CEO long-term incentives based on Black-Scholes.
** Changed from reporting total number of injuries to Total Recordable Incident Rate.
Corporate governance reporting guidelines
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Nasdaq ESG Indicator
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Connections to frameworks
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2020
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2019
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Units
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|---|---|---|---|---|---|
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G1
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Board diversity
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||||
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G1.1
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Total board seats occupied by women (compared to men)
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43/57
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43/57
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Women/men ratio
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|
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G1.2
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Committee chairs occupied by women (compared to men)
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33/67
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33/67
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Women/men ratio
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|
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G2
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Board independence
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||||
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G2.1
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CEO prohibited from serving as board chair
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Yes
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Yes
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G2.2
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Total board seats occupied by independents
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100%
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100%
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G3
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Incentivized pay
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No
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No
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G4
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Collective bargaining
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Yes
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Yes
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G5
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Supplier code of conduct
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||||
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G5.1
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Vendors or suppliers required to follow code of conduct
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Yes
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Yes
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G6
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Ethics & anti-corruption
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||||
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G6.1
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Ethics and/or anti-corruption policy in place
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Yes
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Yes
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G7
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Data privacy
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||||
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G7.1
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Data privacy policy in place
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Yes
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Yes
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G7.2
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Steps taken to comply with GDPR rules
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Yes
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Yes
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G8
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ESG reporting
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||||
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G8.1
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Sustainability report published
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Yes
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Yes
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G8.2
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Sustainability data included in regulatory filings
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Yes
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Yes
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G9
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Disclosure practices
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||||
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G9.1
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Sustainability data provided to sustainability reporting frameworks
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Yes
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Yes
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G9.2
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Focus on specific UN Sustainable Development Goals (SDGs)
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2, 9, 12
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2, 9, 12
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G10
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External validation assurance
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Partial
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Partial
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Sustainability disclosures assured or validated by a third-party
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