Rockwool (ROCK) ESG Update summary

Decarbonization and sustainability strategy

• Achieved 47% of Scope 1 and 2 absolute emission reduction target since 2020, driven by electrification and energy attribute certificates in Europe and China.

• Electrification of production lines in Switzerland, Romania, Netherlands, and France is driving up to 75% emission cuts per converted line, with effects from new lines visible 2027–2029.

• SBTi-verified targets aim for a 38% absolute emission reduction by 2034, with current progress about halfway to the goal.

• Net zero by 2050 remains a core target, with ongoing updates to decarbonisation plans and annual investments of DKK 100 million or approx. 100 MEUR.

Environmental performance and circularity

• Water use intensity reduced by 17% per tonne since 2015, with new technologies like Organic Rankine Cycle and closed-loop cooling systems introduced.

• Rockcycle take-back program expanded to 24 countries, aiming to increase recycled material in production.

• 39% of energy efficiency improvements in company buildings and 60%-80% savings during renovations.

• 85% of waste diverted from landfill and 40% reduction in landfill waste per tonne produced.

• 20% of reclaimed material used in production, with temporary setbacks in waste recycling being addressed.

Social and governance initiatives

• LTI frequency rate increased to 2.7, with a fatality and a serious accident reported in 2024; corrective actions and training implemented.

• 28% of executive and middle management positions held by women, with a 1% increase in 2024 and a target of 35% by 2025.

• 100% of relevant staff completed training on community engagement and human rights due diligence.

• Code of Conduct and whistleblowing training reached 97%–100% of key employees; sustainable sourcing and supplier monitoring continue.