Compagnie de Saint Gobain : Sustainability-linked Financing Framework
08/08/2022 | 03:25pm EDT
Table of Contents
Saint-Gobain in brief
Sustainability at the heart of Saint-Gobain's strategy
A CSR roadmap reflecting priority issues
Commitment to be carbon neutral by 2050
Moving towards a circular economy
Contribution to the UN SDGs
3. Rationale for the establishment
of a Sustainability-Linked Financing Framework
Sustainability-Linked Financing Framework
Selection of KPIs
Calibration of SPTs
5. Amendments to this Framework
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1. Saint-Gobain in brief
Saint-Gobain designs, develops, and distributes materials and solutions which are key ingredients in the well-being of each of us and the future of all. These materials can be found everywhere in our living places and our daily life: in buildings, transportation, infrastructure and in many industrial applications. They provide comfort, performance and safety while addressing the challenges of sustainable construction, resource efficiency and climate change.
Key figures at end 2021
of contracts with European partners (51% of purshases) are covered by the Suppliers Charter, 91.3% for non-trade purchases (as compared to 90.6% in 2020).
In 2021, for the fourth consecutive year, Saint-Gobain is included in the Bloomberg Gender Equality Index.
Saint-Gobain aims to meet today's individual expectations and tomorrow's collective challenges by offering its customers well-being through sustainable solutions that respect the environment and health; and its professional customers in particular, a guarantee of productivity, performance and innovation.
An agile and local new organization with a multi-national culture
Since 2019, Saint-Gobain has been organized according to its customers and therefore by geographical areas for its regional businesses, and by global Business Units within the High Performance Solutions entity, with a view to improving agility and remaining as close as possible to its customers. Based on "Transform & Grow" plan, the Group's corporate governance model, which is as close as possible to its markets, is part of a resolutely multi-national approach.
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BUSINESS LINES FOR
The Group offers a unique range of solutions for all areas of the construction industry. Its geographical organization allows it to offer solutions that are tailored to the specific needs of its local markets, whether in terms of construction methods or styles, building systems, distinctive climate features, for the renovation of existing buildings or the undertaking of new constructions.
DISTRIBUTION FOR CONSTRUCTION AND HOUSING
ABRASIVES AND COMPOSITE SYSTEMS
MORTARS AND BUILDING CHEMICALS
Saint-Gobain'sHigh-Performance Solutions (HPS) are value-added solutions for varied applications in mobility, construction and other industries. Saint-Gobain relies on strong expertise in materials science, formulation, design of automotive glass applications, ceramics, abrasive solutions, performance polymers and fiberglass. The Group has expertise in multiple state-of-the-art applications that make use of the specific properties of its materials (high temperature resistance, abrasion, chemical stability, surface properties, etc.).
A clear strategic vision for the future
In October 2021, Saint-Gobain launched its "Grow & Impact" strategic plan, formulating a clear vision: to be the worldwide leader in light and sustainable construction markets, improving the daily lives of everyone thanks to its high performance solutions. The Group is thus positioned as a provider of solutions to the complex problems faced by its customer, satisfying a dual requirement of sustainability and performance.
By capitalizing on its potential for innovation, and by fully exploiting the source of value offered by data, "Grow & Impact" aims to enable Saint-Gobain to outperform its underlying markets, achieve its CSR objectives by systematically maximizing its positive impact in multiple areas (customer satisfaction and performance, value creation for its shareholders, as well as the well-being and commitment of its employees) and minimizing its footprint across its entire value chain.
A purpose reflecting the Group's identity and ambition
In 2020, Saint-Gobain formulated its purpose: "Making the world a better home", reflecting the Group's identity and its ambition to improve everyone's lives by making the planet a fairer, more harmonious and sustainable living space. Through its business model generally and with its solutions specifically, Saint-Gobain has a tangible impact on the life of each individual, their environment and their way of working, caring for themselves and getting around. The Group's purpose is the link between the infinitely small unit of each person's living space and the infinitely large one of our shared home: the planet.
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2. Sustainability at the heart of Saint-Gobain's strategy
By providing solutions to its customers and end-users to address the climate and environmental challenges that they face, Saint-Gobain is a key player in the fight against climate change, aiming to maximize the positive impact that the Group brings to its customers while minimizing its own environmental footprint.
In the construction industry, which accounts for around 40% of global CO2 emissions1, Saint-Gobain develops and markets solutions to improve the energy efficiency in buildings, and solutions with a reduced carbon footprint - such as for light construction - designed to replace traditional, more carbon-intensive heavy building materials. In this sector, the Group is very well positioned on the renovation market on the one hand, which notably benefits from stimulus plans in line with governments' objectives to reduce carbon dioxide emissions, and on the light construction market on the other hand, which responds to the challenges of decarbonization and of resource scarcity.
Elsewhere, through its High-Performance Solutions segment, the Group helps the transport industry in its transition thanks to lightweight and more energy efficient solutions. It also aids industrial producers facing the challenge of decarbonization by providing them with solutions to reduce energy consumption in their manufacturing processes.
Overall, the solutions proposed by Saint-Gobain provide environmental benefits or comfort, health and safety benefits on the value chain till the end-consumer.
Compagnie de Saint Gobain SA published this content on 08 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 August 2022 19:24:06 UTC.