Rockwool A/s Class A · OMXCOP:ROCK_A
Rockwool A/s Class A — ESG Presentation (September 2020)
15 slides from Rockwool A/s Class A's sustainability presentation, Sep 18, 2020
Slide 1: ROCKWOOL ESG Presentation
ROCKWOOL ESG Presentation Disclosure in accordance with TCFD 18 September 2020
Slide 2: ESG Meeting Calendar
ESG Meeting Calendar 10 Sep. 2019 Environment: Climate change and energy efficiency 13 Dec. 2019 Environment: Circularity 19 Mar. 2020 Sustainability Report 2019 launch 29 May 2020 Social impact and governance 18 Sept. 2020 Task Force on Climate-related Financial Disclosures (TCFD) XX Dec. 2020 TBD
Slide 3: Agenda
Agenda 1 Background 2 Governance 3 Climate risks 4 Climate opportunities 5 Taxonomy eligibility 6 EU Renovation Wave 7 Q&A © ROCKWOOL Group ESG presentation 18 Sept. 2020 3
Slide 4: Background
Background The Task Force on Climate-Related Financial Disclosures (TCFD) was created in 2015 by the Financial Stability Board (FSB) © ROCKWOOL Group ESG presentation 18 Sept. 2020 4
Slide 5: Governance
Governance • All climate-related issues are overseen by the Executive Board headed by the Board Chairman • The Board monitors progress against goals and targets, as well as reviewing and guiding strategy and risk management for addressing climate-related issues • Managing the risk process is part of
Slide 6: Climate-related regulatory risks – EU ETS
Climate-related regulatory risks – EU ETS • All ROCKWOOL’s European factories were included in the EU ETS Phase III (2013-2020) • In that phase, ROCKWOOL did not need to buy additional CO2 allowances • The mineral wool sector is included in the EU carbon leakage list for the period 2020 to 2030, red
Slide 7: Climate-related technological risks – carbon intensity
Climate-related technological risks – carbon intensity • We are developing innovative technologies to significantly decarbonise • In Norway, a newly developed electrical melter will reduce CO2 emissions by 80% compared to the conventional coke-burning furnace it replaces • In Denmark, through the de
Slide 8: Climate-related physical risks – flooding and water scarcity
Climate-related physical risks – flooding and water scarcity FLOODING • The risk of flooding is highly unlikely¹ for the majority of our production facilities • The most recent case of flooding in the Group is from 2018 at our factory in Grand Forks, British Columbia • ROCKWOOL has made extra invest
Slide 9: Climate-related product development opportunities – Rockflow
Climate-related product development opportunities – Rockflow • Cities are facing three particular challenges as a result of climate change: more frequent and severe heatwaves, flooding and storms¹ • Current regulatory framework is insufficient to protect the ecological status of surface waters. Revi
Slide 10: Taxonomy eligibility
Taxonomy eligibility • 95% of revenue from our insulation business is taxonomy-eligible – the insulation business represents 75% of our total revenue • 85% of CAPEX is allocated to taxonomy-eligible products • Taxonomy rules are still maturing² • As 100% of our products are classified as being SDG p
Slide 11: A next generation budget for the EU
A next generation budget for the EU EU budget (EURbn; 2021-2027) Considerations 1,824 1,074 • EU budget to increase by two-thirds to EUR 1,824bn • The newly introduced Next New Generation EU of EUR recovery 750bn will be borrowed from facility the financial markets (repaid over 30 years) 750 672.5 •
Slide 12: EU policy timeline
EU policy timeline • 55% emissions reduction by 2030 emissions • EU Commission estimates of green transformation investment gaps ‒ Commission this week proposes increasing 2030 (EUR bn, per year) emissions reduction goal from 40% to 55% 15 ‒ Says all legislation must be ‘fit for 55’ - direct 38 cons
Slide 13: Europe's moment: repair and prepare for the next generation
‘Europe’s moment: repair and prepare for the next generation’ EUR 30bn devoted to the green • Each country’s expected share of the transition & EUR 7bn devoted to recovery facility grants (EUR bn)¹ renovation of buildings Italy 65,5 Spain 59,2 Allocating a fair share of the EUR 672.5bn France 37,4 r
Slide 14: Questions?
- Questions?
Slide 15: ROCKWOOL ESG contacts
ROCKWOOL ESG contacts Mirella Vitale Senior Vice President Marketing, Communication & Public Affairs ROCKWOOL Group Anthony Abbotts Director Group Sustainability ROCKWOOL Group Please contact: ESG@rockwool.com © ROCKWOOL Group ESG presentation 18 Sept. 2020 15