- Challenging overall market environment
- Customer destocking of inventories accumulated due to Covid-19 pandemic and supply chain disruption
- Temporary demand decrease and postponement of business in the wind power equipment market
- Lower revenue decreased the adjusted operating profit
Exel Composites Plc
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, Exel Composites Plc disclosed greenhouse gas emissions of 3.3K tCO2e/year. By scope: Scope 1: 558 tCO2e/year; Scope 2: 2.7K tCO2e/year. Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.
GHG Emissions
3.3K tCO2e/year
2023
Renewable Energy
approximately a third
of total energy
Waste
2.3K tons/year
2023
Energy Use
19.6 GWh/year
2023
📊 Emissions by Scope (2023)
| Scope | What it covers | Reported value |
|---|---|---|
| Scope 1 | Direct emissions from sources the company owns or controls (fuel combustion, company vehicles, process and fugitive emissions). | 558 tCO2e/year |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 2.7K tCO2e/year |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
✅ Reported Environmental Achievements
- Greenhouse gas emissions (scope 1 and 2) reduced to 3.3 thousand tons from 5.3 thousand tons in 2022
- 35% of composite waste recycled in 2023
- Manufacturing units in Austria, China and the United States had no landfill waste in 2023
- Most of the composite waste from the Finnish units were recycled to cement production
🎯 Climate & Sustainability Targets
📅 Medium-term
- Zero landfill by 2028
- 100% of research having positive sustainability impact
- Greenhouse Gas emissions (scope 1 and scope 2) reduction according to UN established targets
🌱 ESG Focus Areas
Enabling solutions: Responsible products and composites at end-of-lifeSocial handprint: Health and safety, responsible employer, responsible businessEnvironmental footprint: Energy efficiency and reduced emissions, circular economy and waste management, water consumption, responsible supply chain