R E G I S T R AT I O N D O C U M E N T

2019

Wendeland Stahl:building a world leader in responsible chemistry
for leather and performance coatings

Wendel in brief
More than	Wendel is one of Europe’s leading listed

investment firms.
	Invests in leaders in their field, such as Stahl,

Bureau Veritas and Saint-Gobain.
	Plans for the long-term growth and knows that acompany’s longevity depends on the balance between its
business model, its markets, the well-being of its people,
and its place in the environment.
 Listed on Eurolist by Euronext Paris.
 More than 310 years of history.

Management€ 9 bnin gross assets

More than

6

office locations

More than8

main investments

Employeesc. 100100%€ 8,562.2 m

environmental management system

More thanof companies have set up an(in particular through ISO 14001 certificationof all or part of their business scope).

Consolidated sales€ 5 bnof capitalization

Health and Safety100%

of companies have a dedicated policy

on employee health and safety, and hold training sessions.

Energy transition80%

of companies have implemented measures
to increase the share of renewable energy
in their energy consumption.

“Wendel is an invaluable
partner in our efforts to
expand our market share.”Huub van Beijeren
CEO of StahlIf it can be imagined,
it can be createdThis document contains the informationof the Stahl chapter (page 254 - 278) of
the Wendel Registration document 2019,
published by the Wendel GroupWENDEL - Universal registration document 2019

4
4

Extra-financial information
Wendel’sWendel’s subsidiaries
subsidiaries reviewed
reviewed byby an
an independent
independent third-party
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body

Extra-financial information

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WENDEL -- Universal
Universal registration
registration document
document 20192019
254 WENDEL

100
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254 WENDEL - Universal registration document 2019
WENDEL - Universal registration document 2019

Extra-financial
Extra-financial
information
information
Wendel’sWendel’s
subsidiaries
subsidiaries
reviewed
reviewedby an
by independent
an independent
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44
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in 2019
in 2019versusversus2015
2015

OthersOthers• Architectural• Architectural& & • Leisure• Leisure& &LifestyleLifestyle• Architectural•• Architectural•• Leisure&&
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DesignDesignLifestyleLifestyle
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Furnishing

OthersOthersInterior
Interior
DesignDesign255
255

WENDELWENDEL- Universal- Universal
registration
registration
document
document
2019
2019

255
255

WENDELWENDEL- Universal- Universal
registration
registration
document
document
2019
2019

WENDEL - Universal registration document 2019

4
4

Extra-financial information
Wendel’sWendel’s subsidiaries
subsidiaries reviewed
reviewed byby an
an independent
independent third-party
third-party body
body

Extra-financial information
Wendel’s subsidiaries reviewed by an independent third-party body

SS H
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Stahl governance4.3.4.2 Environment, Social and Governance (ESG)The Stahl Board, its highest governance body, consists of members
from its shareholders Wendel, BASF, Stahl plus two independent
members. The Stahl Board meets five times per year and schedules
additional conference calls to discuss any pertinent company
matters, Vlike
thelatest financialEEresults.
22 00 11 99 RR EE V
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PP EE RR FF O
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Huub van Beijeren (Stahl CEO)
Frank Sonnemans (Stahl CFO)V
V II SS II OONN ::33 pillars
pillars toto improve
improve its
its
environmental
environmental footprint:
footprint:

INTERNAL RESOURCES

Jérome Michiels (Wendel)We
We provide
provide highhighClaude Ehlinger (Wendel)
performing,
performing, low-impact
low-impact
solutionssolutionstoto drive
drive
Bruno Fritsch(Wendel)Low-impact
Low-impact
thethe transitiontransition to
to aa
manufacturing
manufacturing chemicals
chemicals
Anup
Kothari (BASF)
fully
fully
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andandsustainable
sustainablesupplysupplyEtienne Boris(Independent)
chain
chain andand circular
circular
Biotechnology
Biotechnology
Pieter van der Slikke (Independent)
economy.
economy.

The Stahl Management team, as of January 2020, consists of the
Circularity
Circularity
Stahl CEO, CFO, COO, the Director of R&D, Director of Corporate
M
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itit cancan bebe created.”created.”A wider governance body, called the Executive Control Group,O
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Initiative
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22 00 11 99 PP EE RR FF O
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Manufacturing, suppliers, customers
CO2
CO2 Target
Target Achieved:
Achieved:

USE OF RESOURCES-10 %Imagination
Imagination

Stahl produces its portfolio of products
its manufacturing-25%-25%either
inin 20192019atversusversus2015
2015
sites around the world or at outsourced locations via service
agreements. Stahl’s suppliers are generally large multinational
00 coalcoal used
used inin StahlStahlchemical companies.
plantsplants inin 20192019

Internal
Internal resources
resources

76%
76% ofof coating
coating solutions
solutionsareare water-based
water-based

OUTPUT

Most of Stahl’s customers are either leather tanneries or
manufacturers of textiles, coated fabric and synthetic materials
100%
100% ofof greengreen(known as converters or mills).The energy
company
energyonon thethealsowhole
wholesupplies shoeand paint & coatings manufacturers.
Stahl’sEuropean
European plants
plants// 36%
36% customers
K
K EEfactoriesYYofof renewable
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and small sizedon thethe total
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partners
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typicallyhandled by Stahl’s
consumption
consumption
significant network of agents and distributors around the world.
External
External resources
resources

9

22

11

%transparent supply%%chain that
(Stahl,(Stahl,Wendel,
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Stahl’s ESG
goal BASF,
is to achieve a%
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members)
of
of
women
women
of
of
independent
independent
continuously reduces its environmental footprint. The company’s
strategy to achieve this goal is to promote transparency andprovide environmental solutions for the supply chain to allow forcontinuous reductions in environmental footprint. Stahl’s influential
positionasA
and services to manufacturers of
H
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EE M
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76%
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Goals and Strategy
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everydayeveryday

CSR61
andESG in61
nationalities
nationalities
in 24
24 countries
countries ::600•• 49%
49%
inin Europe,
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SocialResponsibility(CSR) describes a company’s effortson havingain Paciﬁc-Asia
positive impact on the environment,•• 21%
21% inPaciﬁc-Asia
TT EE CCH
HN
N II CCAA Lemployees,
L
EE XX PP EE RRTT SSCSR activities
consumers
the wider community. ESG measures•• 15%
15%andinin America
America
to givea15%
preciseassessment•• 15%
inin India
India// Pakistan
Pakistan of a company’s actions, and is used asa key marker for investors. Stahl’s ESG reporting looks at how thecompany is responding to external influences, risks and trends likeclimate change and decarbonisation, but also how it treats its
workers, manages its supply chains etc.
PP RR OOCCUU RR EE M
M EE N
N TT
At the corporate
level,
Environment,
Social& Governance(ESG) isSuppliers:
Suppliers: large
large multinational
multinational chemicalchemical companies
companies coming
comingrepresented fromin 54
Stahl’s
Seniorandvolume)
Executivefrom54
countries
countriesofof whichwhichManagement85%
85% (in(in production
production
volume)areareManagementin
monthlyand set the Company
inteams,very
very low,
low,whichlow
low orormeetmediummediumrisk
risk countries***countries***strategy. The Corporate Affairs and ESG team meets regularly withfinance, legal counsel, sales and product managers, researchers,
product stewardship and operations staff to monitor the
implementation
ofitsN
PP RR OOD
DU
UCCT
T II OO
Nstrategy and to discuss progress on new
initiatives related to ESG performance. The ESG team also supportscommercial activities
initiated by customers thatare related to
manufacturing
manufacturing
Centers
Centerssustainability. KPIs sites(key
to safety,
sites performance indicators)of
ofrelated
Excellence
Excellence
health and environment are measured and reported monthly by
Application
regional operationsApplication
staff at Stahl manufacturing sites around thelaboratories
laboratories
world. These KPIs are consolidated into a global report which issent to the Stahl Board each month.

11
35

9

D
D II SS TT RR II B
BU
U TT II O
ON
N35

PP RR OOD
DUUCC TT SSM
MA
A RR KK EE TT SS•• Chemical
Chemical productproduct for
forleatherleather

Main
Main sectors
sectors•• HighHigh performance
performancecoatings
coatings andand polymers
polymers

sales
sales support
supportofﬁcesofﬁces•• Automotive
Automotive•• Footwear,
Footwear, Apparel
Apparel&& Accessories
Accessories** 840840 visitors
visitors xx 10
10 people
people who
who they
they onon average
average inﬂuence
inﬂuence with
with thethe obtained
obtained knowledge
knowledge**** including
including patentpatent applications
applications****** Based
Based onon Global
Global Risk
Risk ProﬁleProﬁle ESG
ESG Index
Index

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document 20192019
254 WENDEL

256 WENDEL - Universal registration document 2019
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Extra-financial
Extra-financial
information
information
Wendel’sWendel’s
subsidiaries
subsidiaries
reviewed
reviewedby an
by independent
an independent
third-party
third-party
body
body

Extra-financial information
Wendel’s subsidiaries reviewed by an independent third-party body

44
4

OPO
E RPA
E TRIAOTNI O
AN
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VO
E RVN
EA
RNA
CN
E CE

ESG risks from external trends

improve the environmental footprint of leather, synthetics andtextile manufacturing, Stahl is also involved in the development of
Climate change, environmental impact measurement
alternatives materials, like those made from pineapple leaves, fruit
M A NMAAGNE A
MGEENMT ETNETA M
T E: A M :Much of Stahl’s research and applications development is focused
waste, mushrooms and laboratory-grown protein for example. Stahlon reducing
the environmentalwomen
impactof its own products and thatmembers
members
women
respects the choices of brands, such as Tesla, in the automotiveof its customers. 18% of Stahl’s basic research projects are linked toindustry or Stella McCartney, in the luxury ready-to-wear sector to
the elimination of restricted substances (eg: ZDHC, Bluesign®,
not use leather, and has adopted a transparent approach on the
ChemIQ, Reach) and new raw materials to replace them. With
benefits and drawbacks of leather alternatives. Indeed, theregard to natural products,
there are currently 20+ projects in R & D
movement towards alternative materials is seen as an opportunity
R &R
D& D
specifically focused on finding natural resource alternatives5tofocus
5 focusareas
byareasStahl,
who believes it is well positioned to adapt to such macro
research
research
petroleum based polymers for polyurethanes,
a core technology
lifestyle trends. At the same time Stahl is convinced that leather willofof
Sustainability
Sustainability
centerstime is spent on
for Stahl. With regard to water, significantcenters
research
continue to be a material of choice for consumers• inthefuture,Zero• ZeroDischarge
Discharge
of ofdeveloping
waterbased
products(alreadyalarge portion of the
Hazardous
Hazardous
Chemicals
Chemicals
given its longevity and inherent sustainability.
• 15• training
15 training~~
chemists
chemists
portfolio)
or FTEon products that reduce water pollution originating(ZDHC)(ZDHC)
Foundation
Foundation
and andhours
hours
per per
FTE
program:program:
12741274
products
products
fromcustomers’ factories. The long term market switch fromon
averageonStahl’s
average• Code•Risk
Codeof conductof conduct
based
based
onfor
onExtra-Financial Performance
ESG
Mappingin theinZDHC
the ZDHC
gateway
gateway
GlobalGlobalCompact
Compact
solvent
to water is a key driver in product development, particularly
• 840
• 840
interns
interns• Global• GlobalAutomative
Automative
Declaration (EFPD)• Public-private• Public-private
Partnerships
Partnerships
Declarable
Declarable
Substances
Substances
followedfollowed
Stahl
Stahl Coatings
in thePerformance
CEC
RT
EmarketIRFTI ICFAI segments.
C
T IAOT N
I OS N S• Stahl•has
StahlCampusCampusList (GADSL)
List (GADSL)
Stahl
performed
a detailed review of its risk assessment
in andCampusCampusmodule,module,/ M A/ NMAAGNE A
MGEENMT ESNYTS TSEY M
S TSE M S
Stahl
is investingin Life Cycle Assessment (LCA) methodology tocontrol policies, in accordance with the requirements of the
impacting
impactinga aquantitatively
total
total
of 8400of 8400 measure the impact of its products on the
Extra-Financial Performance Declaration (EFPD), on environmental,%language that its supply chain
beneﬁciaries*
beneﬁciaries*
P E OPPELOEPrisks
L E resulting from its activities.
environment,
and to express %it insocial, human rights and corruption& S&
O CSIOEC
TY
IETY
of productionof production
volumevolume
come
come
• 73
• active
73 active
patentpatentstakeholders
can recognize(e.g., theimpacton ozone depletion,
This review covers the risks linked to its employees, suppliers, and
from
from
sites
sites
certiﬁedcertiﬁed
ISO
ISO
14001
14001
families**families**
toxicity, climate change and land use). This LCA commitment is partto the external supply chain that it serves. Stahl has adopted due
andand99,7%99,7%fromfrom
ISO ISO
9001
9001
of the Responsible Chemistry Initiative, described later in this
RAW
R and
A W humandiligence policies covering health, safety, environment
M A TMEARTI A
ER
LS
IALS
report, which is designed to mitigate the impact on therights thattheidentified in this review.
The resultsof
I Nmitigate
NI O
NV
NAOTVI V
AE
T I VrisksE
environment of Stahl’s products. The principle is that in order to
S O LSUanalysis
OTLI UOTNI SO N wereS
Stahl’s riskcross-checked with two types of
reduceenvironmental impact, it first must 31%
be 31%
measured using aorganizations, used as reference sources:
EuropeEuroperecognizedmethodology.
AsiaAsia
40%40%■ independent standards: MSCI (Morgan Stanley Capital
MiddleMiddleEastEast& Africa& Africa
5% 5%International) and SASB (Sustainability Accounting Standards
De-carbonization and Renewable Carbon
Americas
Americas24%24%
Board);
Renewable Carbon is the terminology used by the chemical
EXEC
EX
U ET CI VUET ICVOE NCTORN
O TL RGORLOGURPO U P

99

00

11
11
100
100

93
93

Responsible
Responsible

industry to describe the de-carbonization movement away from
■ :companies
comparable to Stahl in terms of sector of activity,
Chemistry
Chemistry:
using fossil fuels and towards using resources that have not been • Low
in several countries, and disclosing on their CSR risks and• impact
Lowoperating
impactmanufacturing
extracted from the earth’s surface (geosphere), like bio-based manufacturing
materiality method.
O UO
TU
SO
T SUO
RU
CR
EC
DE D
Chemicals
materials, biomass or recycled plastics. Stahl’s research into natural Chemicals
R E SRPEOSNB LS E
BLE
PRO
P RDO
UD
CU
T ICOT N
ION• Biotechnology• The
Biotechnology
risks identified with the highest gross risk
levelP(1)SOA,I N
as Iagreed
inresource-based products, like Proviera® Probiotics for Leather and • Circularity
O P EORPAETRI O
TNI SO N S
T R UTSRTUESDT E D• Circularity
preliminary
work
andauditedatsite
andcorporatelevel,are
P A RPTANRETRNSEHRI S
PH
SIPS
bio-based
polyurethanes,
is in-houselinked to this movement and is
Smart
Smart
production
production
combiningcombiningin-housepresented below. The table presents a short summary of the risks,
production
productionof keyof keytechnologies
technologies
andandoutsourcing
outsourcing
described
inthe
Responsible
Chemistrysegment of this chapter
the policies implemented by Stahl to mitigate the risks identified, theoflargeroflargervolumevolumeproducts
products(approx.
(approx.
40%
40%
oftotal)
oftotal)(see later).
to trusted
to trusted
partners
partners
Key Performance Indicators (KPIs) defined to monitor the policies,
GlobalGlobalInitiatives
NGOs& NGOs• Safety,• The
Safety,HealthHealthand andLifestyle Choices
andInitiatives
the &resultscorresponding to these indicators for 2019.
table
Environment
Environment(SHE)(SHE)
policypolicyUN
GlobalCompact,
Compact,
Other
Other
sectorial
sectorial
initiatives:
initiatives:
Stahl respects consumer lifestyle choices with respect to veganism,• UN• Global
also indicates the paragraphs where further information
can be• C0•2 emission
C02 emission
reduction
reduction
Reporting
Reportingon 17onUN
17SDGS
UN SDGS•
Bluesign,•
Bluesign,
ChemIQ,
ChemIQ,
Oekotex
Oekotexleather, plastics and other materials used in its target segments.
goal:goal:-10%-10%by 2020
by 2020
accessed.
• UNIDO,• UNIDO,
Solidaridad
Solidaridad• Leather• LeatherWorking
WorkingGroup
Group• Target• Targetachievedachieved: -25%: -25%
While it actively supports and is part of industry initiatives to• International• International
universities
universities
(LWG)
(LWG)
• TEWEGA• TEWEGA

in 2019
in 2019versusversus20152015

OthersOthers• Architectural• Architectural& & • Leisure• Leisure& &Interior
Interior
DesignDesignLifestyleLifestyle• Industrial• Industrial
Applications
Applications• Home• HomeFurnishing
Furnishing(1) Gross risks are the risks for similar companies and activities (that impact both the company and the external stakeholders) in the same geographic area,
without the effects of mitigation. Stahl explains how it manages and mitigates these risks in each chapter of this report. Note: Because of the nature its
activities (leather chemicals, coatings and polymers), Stahl believes that some identified risks do not represent critical extra-financial risk for Stahl anddo not need to be developed further in this report. These less critical risks are: fight against foodWENDEL
insecurity;of registration
animalwelfare,responsible,
fair
WENDEL- respect
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registration
document
document20192019
and sustainable food production.

255
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4
4

Extra-financial information
Wendel’sWendel’s subsidiaries
subsidiaries reviewed
reviewed byby an
an independent
independent third-party
third-party body
body

Extra-financial information
Wendel’s subsidiaries reviewed by an independent third-party body

SS H
HA
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Gross Risks, mitigation policies & KPIs

BBO
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actions

Description

WeWe
provideprovide highhighESG
Increasing
performing,
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low-impact
PERFORMANCEOF demand and
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to aachemical(Wendelhistorical
fully
fully
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andand products.
priority)sustainable
sustainable supply
supplychain
chain andand circular
circulareconomy.
economy.

33■pillars
pillars
toand
improve
improveits
its incidents.
Fataltoseriousenvironmental
environmental footprint:
footprint:■ Products not aligned to theLowering GHG Stahl recognizes that reductions
emissions that in global CO2 emissions will becontribute torequired in order to achieve the“If“If itit can
can bebe imagined,
imagined, climate change. goals outlined in the ParisTTA
A RR G
GClimate
EE TT SS :: Accord established initit cancan bebe created.”created.”
2015.

Waste reductionof significant-Risk% increases in
10
hazardous waste generated at

Internal
Internal resources
resources

European
European plants
plants // 36%
36%
ofof renewable
renewable energy
energyonon thethe total
total energy
energyconsumption
consumption
76%76% ofof coating
coating solutions
solutionsareare water-based
water-based

OUTPUTcoal
coalofused
used
inin Stahl
Stahl bribery,
Corruption and 00Risk
corruption,
plantsplantsinin 20192019bribery.
modernslavery in Stahl’s supply
chain.
Risk ofbribery,
100%
100%
of
of corruption,
green
green
modernslaveryin Stahl.
energyenergy onon thethe whole
whole

External
External resources
resources

4.3.4.5.2

Waste Water sent to external
4.3.4.5.3
treatment (ton).
byby 20202020
PP RR OOD
DUUCC TT II O
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N
Stahl
sites and inadequate
Waste intensity.
management of their end-of-life. Circularity
Provision for land pollution (M€).

GOVERNANCE

Key
Key partners
partners

fromfrom 54
54 countries
countries ofof whichwhich 85%
85% (in(in production
production volume)
volume) areare

Hazardous
waste
management.

22 00&
11 99Risk
PP EEofRR FFlosingO
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A
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C EE :: andAttractivenesstalent retention. talented employees from thecompany.
CO2
CO2 Target
Target Achieved:
Achieved:
Risk ofnot attracting
qualified-25%-25% inin 20192019 versus
versus 2015
2015
and talented employees to thecompany.

K
K EE YY

Reduce CO2 emissions. Share of renewable energy.
4.3.4.5.1
Energy reduction.
Energy intensity (TJ
produced).
RR O
OC
CU
U RR EE M
M EEconsumed/ton
N
N TT
Focus onPPenergy
self-sufficiency.
CO
2 intensity Scopes 1 & 2
Suppliers:
Suppliers: large
large multinational
multinational chemicalchemical companies
companies coming
coming(tCO2-eq/ton produced).
3
Water management.
inin very
very low,
low,Water
low
low ororintensity
mediummedium(mriskrisk countries***countries***
consumed/ton produced).

SOCIAL

Imagination
Imagination

PP EE OO PP LL EE

600

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O 22 RR EE D
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G
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from local network.

USE OF RESOURCES

Initiative
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100

EE M
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Responsibilityofof independent
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11Related%%paragraph

76%
76% menmen // 24%
24%
women
Regulatory
watch& womenZDHC compliant products
workingworking on
on 4.3.4.5.4
innovation
innovation
requirements of brands, NGOs productstewardship.
(number of products in everyday
the
ZDHC
30%
30%
in
in technicaltechnical activities
activities
everyday& consumers.
gateway), highest conformance
Industry
governanceand61
61 nationalities
nationalities inin 24
24level.
countries
countries ::Low-impact
Low-impact■ Customers causing
initiatives (like ZDHC).
manufacturing
manufacturingchemicals
chemicals
environmental contamination Stahl’s Responsible
Share of finishing and•• 49%
49% inin Europe,
Europe,Africa
Africawith Stahl’s chemicals.
coatings-related products
thatchemistry
policy.
•• 21%
21% inin Paciﬁc-Asia
Paciﬁc-Asia
TT EE CCH
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are water based.
EE XX PP EE RRTT SS■ Unavailability of chemical raw
•
•
15%
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in
in
America
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R&D
Biotechnology
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materials due to regulation
Share of R&D projects on the•• 15%
15% inin India
India // Pakistan
Pakistanrelated to environmental orelimination of restricted
human health.
substances (% total projects).
Circularity
Circularity

ENVIRONMENT

Cooperation
Cooperation

22 %%~1,800

Responsible
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Chemistry:■ Slips, trips
and falls;

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independent
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Occupational
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TRI Frequency rate.
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health andto occupational health and safety, Training
LTI Frequency rate (accidents
NV
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safety. EE N
with lost work time).
PP EE RR FF O
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to hazardous substances for
H
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linked to chemical exposure;

INTERNAL RESOURCESCSR Topics

Extrafinancial
Risk

11
35

manufacturing
manufacturing

9

Centers
Centers

HR Strategy
Turnover rate.
4.3.4.3.1
sites
sites
of
of Excellence
Excellence
Company leadership
Turnover rate – resignations only.
Application
Application
model.
Training hours per employee
laboratories
laboratories
Employee Engagement (FTE).
Platform (EEP) &training.
Code of Conduct.
Share of employees trained on
4.3.4.6.1
sales
sales support
supportthese subjects.
D
D II SS TT RR II B
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Due diligenceofﬁcesofﬁcesquestionnaire.
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4.3.4.6.1
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M
MA
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PP RR OOD
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35•• Chemical
Chemical productproduct for
forleatherleather•• HighHigh performance
performancecoatings
coatings andand polymers
polymers

Main
Main sectors
sectors•• Automotive
Automotive•• Footwear,
Footwear, Apparel
Apparel&& Accessories
Accessories** 840840 visitors
visitors xx 10
10 people
people who
who they
they onon average
average inﬂuence
inﬂuence with
with thethe obtained
obtained knowledge
knowledge**** including
including patentpatent applications
applications****** Based
Based onon Global
Global Risk
Risk ProﬁleProﬁle ESG
ESG Index
Index

WENDEL -- Universal
Universal registration
registration document
document 20192019
254 WENDEL

258 WENDEL - Universal registration document 2019
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Extra-financial
Extra-financial
information
information
Wendel’sWendel’s
subsidiaries
subsidiaries
reviewed
reviewedby an
by independent
an independent
third-party
third-party
body
body

Extra-financial information
Wendel’s subsidiaries reviewed by an independent third-party body

44
4

OPO
E RPA
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EA
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Materiality matrix

closely to the outcome of the extra financial risks, presented in the
Extra-Financial Performance Declaration.

EXEC
EX
U ET CI VUET ICVOE NCTORN
O TL RGORLOGURPO U P

Stahl reports regularly on ESG in order to promote transparency
MAAGNE A
MGEENMT ETNETA M
T E: A M :and MtoA Nassesstheprogress
made on its CSR activities and KPIs. To
Fig. 1: Materiality Matrix
make surethat
itreports
on thetopics that are material for themembers
members
women
women
33 economic, environmental & social aspects defined by GRI arecompany, Stahl developed a materiality matrix to give insight intoplotted. Those that matter the most (highest impact), to both Stahl
the priorities faced by the company and its stakeholders. Stahl’sand its stakeholders, are plotted in the right top corner of thelatest materiality matrix (below) confirms that the focus on safety,
matrix. In the middle section those that score medium are shown.
water effluent, emissions and energy, is aligned with what its key
R &R
D& D
‘Other topics’ are those that had the lowest relative score.
stakeholders believe is Stahl’s priority. The matrix is also aligned
5 focus
5 focus
areas
areas

99

00

11
11
~100
~100

• 15
• training
15 training
hours
hours
per per
FTEFTE
on averageon average

High

• 840
• 840
interns
interns
followedfollowed
Stahl
Stahl
CampusCampusmodule,module,impacting
impactinga atotaltotalof 8400of 8400
beneﬁciaries*
beneﬁciaries*• 73• active
73 active
patentpatentfamilies**families**

research
research
centers
centersof ofSustainability
Sustainability

chemists
chemists

Economic
topicsEnvironmental
topics• Code• Codeof conductof conduct
based
based
on on
GlobalGlobalCompact
Compact• Public-private• Public-private
Partnerships
Partnerships

CEC
RT
E IRFTI ICFAI C
T IAOT N
I OS N S%%
9393

P E OPPELOEP L E& S&
O CSIOEC
TY
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of productionof production
volumevolumecome
come
fromfromsitessites
certiﬁedcertiﬁed
ISO ISO
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14001
andand99,7%99,7%fromfrom
ISO ISO
9001
9001

RAW
RAW
M A TMEARTI A
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Efﬂuents
and waste

I N NI O
NV
NAOTVI VAE
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S O LSUOTLI UOTNI SO N S

31%31%
40%40%
5% 5%
24%24%

EnergyEmissions
Water and
efﬂuents
Materials

Training
Responsible
Responsible
and education

Customer healthand safety

Chemistry
Chemistry::

Environmental
compliance• Low•andimpact
Low impact
Diversity
equal opportunity
manufacturing
manufacturing

MediumImportance to stakeholders• Global• GlobalAutomative
Automative
Declarable
Declarable
Substances
Substances
List (GADSL)
List (GADSL)

Occupational
health and safety• Stahl• StahlCampusCampus/ M A/ NMAAGNE A
MGEENMT ESNYTS TSEY M
S TSE M S

EuropeEuropeAsiaAsia
MiddleMiddleEastEast& Africa& Africa
Americas
Americas• Zero• ZeroDischarge
Discharge
of ofHazardous
Hazardous
Chemicals
Chemicals
Other
topics(ZDHC)(ZDHC)
Foundation
Foundation
and andprogram:program:
12741274
products
products
in theinZDHC
the ZDHC
gateway
gateway

Socialtopics

O UO
TU
SO
T SUO
RU
CR
EC
DE D
PRO
P RDO
UD
CU
T ICOT N
ION

Employment

Chemicals
Chemicals

R E SRPEOSNP SOI NB LS EIBLEA TNI SO N S
T R UTSRTUESDT E D
EconomicO P EORPAETRI O
performance
P A RPTANRETRNSEHRI S
PH
SIPS• Biotechnology• Biotechnology• Circularity• Circularity

Smart
Smart
production
production
combiningcombiningin-house
in-house
production
productionof keyof keytechnologies
technologies
andandoutsourcing
outsourcingof largerof larger
volumevolumeproducts
products(approx.
(approx.
40%40%of total)of total)
Local
to trusted
to trusted
partners
partners
communities

GlobalGlobalInitiatives
Initiatives& NGOs& NGOsSocioeconomics
compliance• UN• Global
UN Global
Compact,
Compact,
Reporting
Reportingon 17onUN
17SDGS
UN SDGS• UNIDO,• UNIDO,
Solidaridad
Solidaridad• International• International
universities
universities

Other
Other
sectorial
sectorial
initiatives:
initiatives:• Bluesign,• Bluesign,
ChemIQ,
ChemIQ,
Oekotex
Oekotex• Leather• LeatherWorking
WorkingGroup
Group
Anti-corruption
(LWG)
(LWG)
• TEWEGA• TEWEGA• Safety,• Safety,
HealthHealthand and
Environment
Environment(SHE)(SHE)
policypolicy• C0•2 emission
C02 emission
reduction
reduction
goal:goal:-10%-10%by 2020
by 2020• Target• Targetachievedachieved: -25%: -25%
in 2019
in 2019versusversus20152015

Non-discrimination
Low

OthersOthersProcurement
practices

Other• Architectural• Architectural& & topics• Leisure• Leisure& &Interior
Interior
DesignDesignLifestyleLifestyle• Industrial• Industrial• Home• HomeApplications
Applications Low Furnishing
FurnishingMarketpresence
MediumHigh

Impact on Stahl Group

255
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4
4

Extra-financial information
Wendel’sWendel’s subsidiaries
subsidiaries reviewed
reviewed byby an
an independent
independent third-party
third-party body
body

Extra-financial information
Wendel’s subsidiaries reviewed by an independent third-party body

SS H
HA
A RR EE H
HOO LL D
D EE RR GGOOVV EE RR N
NA
AN
NC
C EE
SSH
HA
ARREEHHO
OLLD
DEERRSS:: W
WEEN
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DEELL 6677..55%%,, BBAASSFF 1166..33%
%,,
CCLLA
ARRIIAAN
NTT 1144..88%
% A
AN
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D O
OTTH
HEERR 11..44%%2019 ESG Highlights■ Economic: 2019 was a year of slightly lower volume productionlevels at Stahl’s factories, which had an impact on KPIs that aremeasured “per tons produced”, like C02, water, energy and waste.
This lower volume was caused by softer demand across Stahl’s end
market segments. Despite the volume impact, Stahl’s environmental
22 00 11 99 RR EE V
V EE N
NU
U EE
EE N
NV
V II RR OONNMM EE NN TTA
A LL
KPIs remained on a continuous
PP EE improvement
RR FF OO RR M
MA
AN
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Cpath.
EE■ ESG Performance: Stahl launched its Responsible Chemistry€ 809 mInitiative in 2019 (see section 4.3.4.5.4),
V
V II SS II O
ON
N :: in which its technology andproduct development activities are categorized into three levels ofenvironmental impact reduction. Stahl also achieved Level 3 status
in the ZDHC Gateway conformance
module, for
its global leather
Responsible
Responsible
Chemistry:
Chemistry:V
V II SS II O
ON
N
chemicals product range.
33 pillars
pillars toto improve
improve its
its
environmental
environmental footprint:
footprint:

a new safety awareness campaign, called R20 (Road To Zero). Total
recordable
incidents(TRI) Frequency rate showed improvement in
BBO
OA
ARRD
D O
OFF D
DIIRREECCTTOORRSS::
2019 vs 2018. Lost Time Incidents (LTI) Frequency rate and Severity
members
members
rate in(Stahl,
2019
were
both slightly higher%% than in 2018, but%%lower than
(Stahl,Wendel,
Wendel,BASF,
BASF,
independent
members)2017. independent members)of women
womenofof independent
independent of

22

9

11

■ Social: Stahl implemented a new Employee Engagement Platform(EEP) in 2019, which is partly designed to encourage higher
employee participation and to foment commitment to the company
cultureStahl employees completed e-learning
H
HU
UM
M(see
A
AN
N sectionCCAA PP II TT4.3.4.3).
A
A LL
modules on corruption and bribery as part of this new EEP.
II N
N TT EE LL LL EE C
C TT UUAA LL
AA PP II TTA
A LL as a critical■ Environment: Climate change has been CCidentified~1,800external risk for Stahl and the company met its 5-year goals for a
EE M
M PP LLOOYY EE EE SS
10% C02 emissions reduction by the end of 2019. The on-site
PP EE OO PP LL EEgeneration
solar
energy at the Stahl Brasil site was an example of
76%
76% menmen //of
24%
24%
women
women
workingworking on
on innovation
innovation
the company’s commitment – solar panels are already supplying
30%
30% inin technicaltechnical activities
activities
everydayeveryday
50% of the factory’s energy needs.

100

4.3.4.3.1 Attractiveness & talent retention
Risk

Risk Description

Circularity
Circularity

INTERNAL RESOURCES

We
We
providehigh■ provide
Health &highSafety: Stahl implemented new criteria for governing andperforming,
performing,
low-impact
reportinglow-impact
SHE and process safety, in order to reflect the occurrence
solutionssolutionstoto drive
drive
of safety
incidents more accurately. The company also embarked on
61
61 nationalities
nationalities inin 24
24 countries
countries ::Low-impact
Low-impact
thethe transitiontransition to
to aa
manufacturing
manufacturing chemicals
chemicals•• 49%
49% inin Europe,
Europe,Africa
Africafully
fully transparent
transparent andand•• 21%
21% inin Paciﬁc-Asia
Paciﬁc-Asia
TT EE CCH
HN
N II CCAA LL
sustainable
sustainable supply
supply4.3.4.3
HR – Enhancing company
attractiveness, maximizing
employeeengagement EEXXPPEERRTTSS
chain
chain
and
and circular
circular•• 15%
15% inin America
America
Biotechnology
Biotechnology
economy.
economy.
•• 15%
15% inin India
India // Pakistan
Pakistan

600

Mitigation policies and actions

KPIs

2018

2019

M
M II SS SS II O
ON
NAttractiveness & Risk of losing qualified and
HR Strategy
Turnover rate
10.58%
8.71%
talent retention talented employees from the
PP RR OOCCUU RR EE M
M EE N
N TT
Company
leadership
model
Voluntary
staff
turnover
5.05%
4.24%
“If
“If itit can
can bebe imagined,
imagined,
companyTTA
A RR GG EE TT SS ::– resignations
only
Suppliers:
Suppliers:large
large multinational
multinational
chemicalchemical companies
companies coming
comingEmployee Engagement Platform rate
itit cancan bebe created.”created.” Risk of not attracting qualified(EEP)&
training
from
from
54
54
countries
countriesof whichwhich
85%
85% (in(in production
production
volume)volume) areare
Training hours per of
22.30
15.32
and talented employees to theemployee(FTE)
inin very
very low,low,
low
low oror mediummedium risk
risk countries***countries***C
COO 22 RR EE D
DU
UC
CTT
II O
ON
N values and DNA, sharedcompany
Stahl
G
GO
OA
A LL ::
with employees
V
VA
A LL UU EE SS
Succession Planning – newleaders in key positions

-10 %
by
by 2020
2020

Initiative
Initiative
Stahlbelieves the future workplace
will be definedbypersonalized
22 00 11 99 PP EE RR FF O
O RR M
MAANNC
C EE ::
Imagination
Imagination
solutions,wellbeing and a focus on diversity. New generations
already expect companies to “walk the talk” on environmental,
CO2
TargetAchieved:
Achieved:social and governance topics. RigidCO2
andTarget
complexhierarchies will-25%
-25% inin 20192019 versus
versus 2015
2015
be a thing of the past, and leadership will require emotional
intelligence and cross functional team skills. Organisations will
become flatter, with more power devolved
toin
00 coalcoal used
used
inteams.
Stahl
Stahl In order toplantsinin 20192019 on ensuring the
prepare for this, the company isplants
focusing
company remains attractive for all generations.
100%
offocused
green
green
HR activities in 2019 have therefore100%
beenofon addressing
energyenergy onon thethe wholewhole
theidentified
risks
with
regardtotalentretentionandensuring theEuropean
European plants
plants // 36%36%K
K EE YY
company remains Stahl’s attractive
for potentialofof renewable
renewableenergyenergy and newonon thethe total
total energy
energyemployees,by:Key
Key partners
partners
consumption
consumption

External
External resources
resources
Internal
Internal resources
resources

76%
76% ofof coating
coating solutions
solutionsareare water-based
water-based

PP RR OOD
DUUCC TT II OONNUSE OF RESOURCES

Responsibility
Responsibility

11
35

9

manufacturing
manufacturing
Centers■ focusing on employee
engagement, diversityCentersmanagement and
sites
sites
equal opportunity;ofof Excellence
Excellence

Application
Application■ further developing
and establishing Stahl’s culture and DNA;laboratories
laboratories■ transferring knowledge and information effectively within thecompany;■ hiring and coaching people in line with current
andfuture business
sales
sales
supportsupportD
D II SS TT RR II B
BU
U TT II O
ON
N
goals;

35

ofﬁcesofﬁces■ creating an open, transparent and fair management style; and■ emphasizing
truly
team.
M
A
A RRinternationalK
K EE TT SS
PP RR O
OD
DU
UC
Cthe
TT SS benefits of Stahl’sM
OUTPUT

Cooperation
Cooperation•• Chemical
Chemical productproduct for
forleatherleather•• HighHigh performance
performancecoatings
coatings andand polymers
polymers

Main
Main sectors
sectors•• Automotive
Automotive•• Footwear,
Footwear, Apparel
Apparel&& Accessories
Accessories** 840840 visitors
visitors xx 10
10 people
people who
who they
they onon average
average inﬂuence
inﬂuence with
with thethe obtained
obtained knowledge
knowledge**** including
including patentpatent applications
applications****** Based
Based onon Global
Global Risk
Risk ProﬁleProﬁle ESG
ESG Index
Index

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Extra-financial
Extra-financial
information
information
Wendel’sWendel’s
subsidiaries
subsidiaries
reviewed
reviewedby an
by independent
an independent
third-party
third-party
body
body

Extra-financial information
Wendel’s subsidiaries reviewed by an independent third-party body

44
4

OPO
E RPA
E TRIAOTNI O
AN
L AGLOG
VO
E RVN
EA
RNA
CN
E CE

The focus of the Stahl HR Team is to ensure that each employee
EXEC
EX
U ET CI VUET ICVOE NCTORN
O TL RGORLOGURPO U P
has a great experience in the company through employee
engagement,enhancingthe emotional commitment an
M A NMAAGNE A
MGEENie:M
T ETNETAM
T E: A M :employee makes to the organization and its goals. Employee
members
members
women
engagement
is therefore aboutwomen
Stahl
employees feeling pride andloyalty to the company and being an advocate for the organization
to customers, colleagues and potential candidates.

9900■ Stahl as an international player with a global mind-set;■ Stahl as an organization that holds customers at the core with amarket and entrepreneurial culture always focused to get results;■ Stahl’s Global structure, with strategy is defined at corporate leveland deployed at local level via local best practices; and■ Stahl’s entrepreneurial spirit and the emphasis on individual

freedom to bring forward great ideas and business development
opportunities.
Stahl launched its Employee Engagement Platform 5
in focus
5 focusareas
areas
research
October 2019 for all Stahl employees. Theresearch
purposeof this platform
Succession Planning – new leaders in key positionsofof
Sustainability
Sustainability
centers
centers
is to:
Some senior executives were hired or promoted• Zero
withinthe of of• ZeroDischarge
Discharge
Hazardous
Chemicals
Chemicals• 15
15 training
company in 2019 to ensure business continuity and Hazardous
leadership,■• training
createa digital library for HR
activities
andemployeeengagement~~
chemists
chemists(ZDHC)(ZDHC)
Foundation
Foundation
and andhours
hours
per per
FTEFTE
while maintaining the Stahl culture and values as pillars.
This
has1274
development;
program:program:1274
products
products
on averageon average• Code• Codeof conductof conduct
based
based
on on
in theinZDHCthe ZDHC
gateway
gateway
allowedforchangesinthecurrent
organization
to
be
made
in
GlobalGlobalCompact
Compact■• achieve
more efficient and effective learning and employee
• 840
840
interns
interns• Global• GlobalAutomative
Automativeorder
meet Partnerships
futurebusiness requirements and to streamline
the• Public-private• toPublic-private
Partnerships
Declarable
Declarable
Substances
Substances
followedfollowed
Stahl
Stahl
training;
CEC
RT
E IRFTI ICFAI C
T IAOT N
I OS N S
organization.
• Stahl• StahlCampusCampusList (GADSL)
List (GADSL)CampusCampusmodule,module,/ M A/ NMAAGNE A
MGEENMT ESNYTS TSEY M
S TSE M S
■ organize
compliance regulations;
impacting
impactinga department-specificaStahl merged sourcing, procurement, operations and supply line
totaltotalof 8400of 8400
under one director as per January 1, 2020. A new Chief Operating■ enhance
the “on-boarding” process% % for new employees;
beneﬁciaries*
beneﬁciaries*
P E OPPELOEP L E
Officer was hired as a result,& who
the new team withS&
O CSwill
IO
EC
TY
Iorganize
ETYof production
volumevolume
come
come
• 73
73 active
patentpatent withof production■• active
track
progress
employeelearning
and measure theirthepurposeof
streamlining
the group supply chain process.
from
from
sites
sites
certiﬁedcertiﬁed
ISO
ISO
14001
14001
families**families**
performance;
andand99,7%99,7%fromfrom
ISO ISO
9001
9001
On February 1, 2019, a new Chief Financial OfficertheRAW
RjoinedAW■ provide statistics on training (eg: for external auditing); andM A TMthe
EARTI A
EnewlyR
LS
IALS
company. The organization was also expanded withI N NI O
NV
NAOTVI V
AE
TIVE
created role
Director
M&A (mergers and acquisitions) as■ integrate social learning experiences.
S O LSof
UOTGroup
LI U
OTNI SO N
S
of February 1, 2019, reporting to the CFO.
EuropeEurope31%
31%
An employee e-learning course was implemented in 2019 as part
40%40%
The company has also begun to evaluate the quality of its middleof Asia
theAsia
new EEP, and was targeted at all Stahlemployees. This
MiddleMiddleEast
East& Africa& on
Africa5% to5%mitigating risks
management, including recruiting some young talent to fill thee-learning
centredStahl policy with respect
Americas24%24% equality etc.
pipeline for the future. Internal candidates are favoured by Stahlof Americas
bribery,
corruption, modern slavery, diversity,
for future career movements, replacements and promotions.
Responsible
within Stahl and in its supply chain. By the end of 2019, 90.4% of Responsible
Chemistry::
employees had successfully completed the course, which includes Chemistry• Low• 4.3.4.3.2
impactLow impact Employment
a minimum grade examination requirement.
manufacturing
manufacturing
O UO
TU
SO
T SUO
RU
CR
EC
DE D
Chemicals
Chemicals
The
total number of employees (headcount) at 2019 year-end was
Stahl
R E SRPEOSNP SOI NB LS EIBLE
PRO
P values
RDO
UD
CU
T&ICDNA
OT N
ION• Biotechnology• Biotechnology
1,847, which is a decreaseof150
P EORPAETRI O
A TNtoI SOtheN S end
T R UTSRTU
ESDTE D employeesOcompared• Circularity
Stahl believes that its four core values (Co-operation, Imagination, • Circularity
P A RPTANRE
EHRI SPH
S I PtoS the completion of theof 2018. The reduction
isTRNSlinked
Smart
Smart
production
production
combiningcombiningin-house
in-house
Initiative, Responsibility) are the pillars of its success and should becomplexity reduction and value improvement projectproduction
productionof keyof keytechnologies
technologies
andandoutsourcing
outsourcing
appliedbyallemployees.
The
company
therefore
created a videoof largerof larger
volumevolumeproducts
products(approx.
(approx.
40%40%of total)of total)
implemented in the Leather organization, which aims to streamline
asof itson-boarding
plan (also published on the Stahl website
toparttrustedto trusted
partners
partners
the business complexity that accompanied the company’s recent– career section) which reinforces these core values and company Global
GlobalInitiatives
Initiatives& NGOs& NGOs• Safety,• Safety,
HealthHealthand andacquisitions.
The reduction also reflects the consolidationofEnvironment
Stahl’s
Environment(SHE)(SHE)
policypolicyDNA. The video features:• UN• Global
UN Global
Compact,
Compact,
Other
Other
sectorial
sectorial
initiatives:
initiatives:
manufacturing
sites in 2019, in Spain (from 2 sites to 1)• andin IndiaC0•2 emission
C0emission
reduction
reduction
Reporting
Reportingon 17onUN
17SDGS
UN SDGS
2• Bluesign,• Bluesign,
ChemIQ,
ChemIQ,
Oekotex
Oekotexgoal:goal:-10%-10%by 2020
by 2020from
2 sites to 1) respectively.
• UNIDO,• (also
UNIDO,
Solidaridad
Solidaridad
EEP (Employee Engagement
Platform)
R &R
D& D

11
11
100
100

93
93

• International• International
universities
universities• Leather• LeatherWorking
Working
Group
Group
(LWG)
(LWG)
• TEWEGA• TEWEGA• Target• Targetachievedachieved: -25%: -25%
in 2019
in 2019versusversus20152015

OthersOthers• Architectural• Architectural& & • Leisure• Leisure& &Interior
Interior
DesignDesignLifestyleLifestyle• Industrial• Industrial
Applications
Applications• Home• HomeFurnishing
Furnishing

255
255

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registration
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document
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2019
2019
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261

4
4

Extra-financial information
Wendel’sWendel’s subsidiaries
subsidiaries reviewed
reviewed byby an
an independent
independent third-party
third-party body
body

Extra-financial information
Wendel’s subsidiaries reviewed by an independent third-party body

SS H
HA
A RR EE H
HOO LL D
D EE RR GGOOVV EE RR N
NA
AN
NC
C EE
SSH
HA
ARREEHHO
OLLD
DEERRSS:: W
WEEN
ND
DEELL 6677..55%%,, BBAASSFF 1166..33%
%,,
CCLLA
ARRIIAAN
NTT 1144..88%
% A
AN
ND
D O
OTTH
HEERR 11..44%%

The breakdown of FTE’s (full-time equivalent) as of December 31, 2019 and the change compared to the prior year-end per region is asfollows:
BBO
OA
ARRD
D O
OFF D
DIIRREECCTTOORRSS::
RegionAsia-PacificIndia and Pakistan

384.0

387.0

(3.0)

274.0

317.0

(43.0)

305.6(38.6)

901.6

EE N
NV
V II RR OONNMM EE NN TTA
A LL
PP EE RR FF O
O RR M
MA
AN
NC
C EE

€ 809 mNorth and South America

267.0

1,826.6~1,800

Responsible
Responsible Chemistry:
Chemistry:

Circularity
Circularity
4.3.4.3.3 Working OrganizationM
M II SS SS II O
ON
NStahl operates through a complex international organization in
to imagined,
effectively serve its diverse customer base. Stahl has“If“Iforderitit cancan bebeimagined,
TTA
A RR GG EE TT SS ::11 manufacturing
itit cancanbebe created.”created.” sites, 11 R&D labs, 35 application labs, 35 sales
offices and 9 Centres of Excellence. Working practices differ byregion.
C
COO 22 RR EE D
DU
UC
CTT II O
ON
N

00 coalcoal used
used inin Stahl
Stahlplantsplants inin 20192019

Given the international set up of Stahl and the relatively small
dimension of the local units, there are 4 collective agreements in100%
ofof greengreen
place. Salary levels and other means100%of remuneration
depend onenergyenergy onon thethe wholewholetheindividual
countries.
They
arecentrally
coordinated,
European
European plants
plants // 36%
36% to ensure
K
K EE YY
Stahl remains competitive in theof
markets. Someof respective
renewable
renewable energy
energyonin
thethemanagement
total
total energy
energyemployees
in the Company, mainlyon
and sales,KeyKey partners
partners
consumption
consumption
enjoy a bonus scheme based on annual
quantitative objectives.
This
bonus
scheme is coordinated centrally to ensure proper
External
External
resources
resources
76% ofof coating
coating solutions
solutionsalignment and consistence with local76%
practices.
areare water-based
water-based

USE OF RESOURCES

4.3.4.3.4 Labour relations

61
61 nationalities
nationalities inin 24
24 countries
countries ::600

4.3.4.3.6 Training and education•• 49%
49% inin Europe,
Europe,Africa
AfricaIn order to mitigate the risks identified in this report, Stahl gives•• 21%
21% inin Paciﬁc-Asia
Paciﬁc-Asia
TT EE CCH
HN
N II CCAA LL
priority to ESG training, which includes safety,
EE XXhealth,
PP EE RRTT SS environment•• 15%
15% inin America
Americaand social compliance. More specifically every new employee•• 15%
15%
inin India
India safety// Pakistan
Pakistanreceives
updatedtraining and instructions in line with theirposition. This is followed by more specific job-related training toensure the best use of the information, resources, products andcapabilities at their disposal. In the case of Stahl technicians, there
PP RR OOCCUU RR EE M
M EEonN
N TTtraining designed to provide practical andis a strongemphasis
innovative technicalsolutionsfor customers.
Suppliers:
Suppliers: large
large multinational
multinational
chemicalchemical companies
companies coming
comingAll employees that have worked for the Company more than fourmonths are eligible to participate in external training programs
individually or in teams. Stahl encourages employees andmanagers
toU
PP RR O
OD
D
UconsiderC
C TT II O
ON
N different types of training, like workshops,
e-learning, on-line courses, lectures etc.

11
35

9

manufacturing
Corporate training manufacturing
programs
sites
sites

Centers
Centersofof Excellence
Excellence

Stahl has defined a corporate training catalogue in which theApplication
following topics areApplication
covered:laboratories
laboratories■ compliance, anti-bribery and anti-corruption and modern slavery;■ workplace diversity and inclusion;35■ security
awareness
andGDPR training;
D
D II SS TT RR II B
BU
U TT II O
ON
N

sales
sales support
supportofﬁcesofﬁces■ leadership (Management Training and Masterclass);■ induction program for new employees;
PP RR OOD
DUUCC TT SSM
MA
A RR KK EE TT SS

ChemicalChemicalproduct
product forforor•• policychanges);

Main
Main sectors
sectors■ team-based training on company-related issues (e.g. new systems
OUTPUT

CO2
CO2 Target
Target Achieved:
Achieved:

The global absenteeism rate in 2019
1.76%,
to-25%-25%wasinin 20192019
versusversuscompared
2015
2015
1.70% in 2018.

PP EE OO PP LL EEfromfrom 54
54 countries
countries ofof whichwhich 85%
85% (in(in production
production volume)
volume) are
are

-10 %

AllInitiative
Stahl units report absenteeism (which includes absences for
Initiative
0 11 99 PP EE RR FF O
RR M
MA
AN
NC
C EE ::
sickness
and work accident) as22 0required
byOlocallegislation
but
Imagination
Imagination
also in a way that can be reported at the corporate level.

100

76%
76%
men
men // 24%
24% women
women
Total
compensation
excluding bonus, paid working
inrespect
2019 wasworkingon
on ofinnovation
innovation€114
million,approximately
30%
30%
in
in technicaltechnical
activities
activities 0.84% below 2018.
everydayeverydayIndividual training
programs
inin very
very low,
low, low
low oror mediummedium risk
risk countries***countries***G
GO
OA
A LL ::

The
majorityof the Stahl units have a 5 day working week, withV
VA
A LL UU EE SS
exception of India and Pakistan where they also work on Saturday
mornings.
Working hours and incidents
Cooperation
Cooperationbyby are2020
2020recorded, depending
onResponsibility
the site, by either electronic or manual systems.
Responsibility

1,972.1(145.5)II N
N TT EE LL LL EE C
C TT UUAA LL
CCAA PP II TTA
A LL

EE M
M PP LLOOYY EE EE SS
4.3.4.3.5 Compensation

INTERNAL RESOURCES

We
We provide
provide highhighperforming,
performing,
low-impact
low-impact
Total Full-time
Employees (FTE) leaving (dismissals, resignations
solutionssolutionstoto drivedrive
and other)during 2019 were 258.9 and 113.8 joined over the
Low-impactthethetransitiontransitiontoto aa internal transfers).Low-impact
period(excluding
These ratios are in line with
manufacturing
manufacturing chemicals
chemicals
fully
fully
transparent
transparent
andand
the market for the activities and location in which they take place.
sustainable
sustainablesupplysupplyThe turnoverrate in 2019 was 8.71% compared to 10.58% in 2018.
chain
chain
and
and circular
circular
Voluntarystaff turnover rate in 2019was 4.24% compared to
Biotechnology
Biotechnology
economy.
economy.
5.05% in 2018.

11%% Changeofof women
women(60.9)

ofof independent
independent
962.5

H
HU
UM
MA
AN
N C
CA
A PP II TTA
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87.6%
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33 pillars
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its
workforce is 76% male and 24% female.
environmental
environmental footprint:
footprint:

Internal
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resources

22 %%12/31/18(Stahl,(Stahl,Wendel,
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applications****** Based
Based onon Global
Global Risk
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ESG Index
Index

WENDEL -- Universal
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registration document
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254 WENDEL

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Extra-financial
Extra-financial
information
information
Wendel’sWendel’s
subsidiaries
subsidiaries
reviewed
reviewedby an
by independent
an independent
third-party
third-party
body
body

Extra-financial information
Wendel’s subsidiaries reviewed by an independent third-party body

44
4

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■ preparation training for individual promotions, transfers or new
EXEC
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responsibilities.
M A NMAAGNE A
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Stahl unit
and
it is consolidated
at group level. The number ofmembers
members
women
women
hours received per employee in 2019 was 15.32 hours per
full-time equivalent (FTE) compared to 22.30 hours per FTE in
2018.

99

00

Consistent with its strategy of growing its leadership talent,Diversity and Inclusion principles are also embedded within its
core leadership development programs to encourage managers
to demonstrate them as part of their leadership behaviour. Stahlalso builds cultural intelligence and equality into its performance
review, hiring and talent identification processes.

Stahl tracks the ratio of male/female employees and the number offemale employees in supervisory positions (employees with direct
4.3.4.3.7 Equality, Diversity & Inclusion
reports
and/or holding a management position). In 2019 there
5 focus
5 focusareas
areas
were 90 women in supervisory positions, which is 23.38% of total
research
research
Stahl’s Diversity and Inclusion Policy, publishedon www.stahl.com,
of of
Sustainability
Sustainability
centers
centers
supervisory positions.
expresses the company’s commitment to embedding equality,
R &R
D& D

11
11
~100
~100

and inclusion across the organization. Equal treatment is• diversity
15• training
15 training
chemists
chemists
hours
hours
per
per
FTEof
FTE
at
the
heart
the organization and Stahl believes
this will produceonaverageon
averagea more innovative and responsive organization. Stahl also believes• Zero• ZeroDischarge
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of ofHazardous
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Chemicals
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The need to respect strict security and emergency measures,
limits(ZDHC)(ZDHC)
Foundation
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and andthe opportunities to employ a high number program:of program:disabled
12741274
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products• Code• Codeof conductof conduct
based
based
on on
in thecategory,inZDHCthe ZDHC
gateway
gateway
employees.
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are
currently
13
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compared
to Partnerships
12 in
2018.
• Public-private• Public-private
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interns
interns
there
is much more to diversity than age, gender, race andfollowedfollowed
Stahl
Stahl
culturalbackground.
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people whoCRT
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viewpoints
andS ideas.
impacting
impactinga atotaltotalof 8400of 8400%%
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93
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time)
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R20(Road-To-Zero)
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manufacturing
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The
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Program was defined by Stahl and piloted in the Parets, Spain
production
productionof keyof keytechnologies
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ofthisreport.
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to trusted
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monitoring
andreporting and training are consequently aimed atand Palazzolo in 2019. Called R20 (Road-To-Zero), the pillars of
GlobalGlobalInitiatives
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HealthHealthand andcreating a true safety culture and mitigating these risks, which
this program are:Environment
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policypolicy• UN• Global
UN Global
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sectorial
sectorial
initiatives:
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include:• C0•2 emission
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cultureis not achievedby ChemIQ,
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by 2020• UNIDO,• UNIDO,
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of people;• Target■ chemical contact or exposure to hazardous substances;• Targetachievedachieved: -25%: -25%■ risk of chronic (serious) illness linked to chemical exposure;■ slips, trips and falls;
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■Others
accidents• Architectural• Architectural& protection• Leisure• Leisure&&Stahlbelieves
that&theof healthand safety of people
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DesignDesignLifestyleLifestyleand the preservation of the environment will always be its highest• Industrial• Industrial• Home• Homepriority
and that this mindset(and policy) is rooted in the
Applications
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focus
with respect to SHE & Process
safety management is on enforcing the knowledge and• International• International
universities
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(LWG)
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in 2019
in 2019versusversus20152015• TEWEGA• TEWEGA■ a true safety culture defines
an attitude to life, at the workplace andat home;■ the consequences of injuries in the workplace affect people’s lives
at home.

To underline the strategic and critical importance of a common
behaviour on safety, and to demonstrate the commitment of the
management to it, a Zero Tolerance safety policy was established,
and rolled-out globally, in 2019.

255
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Extra-financial information
Wendel’sWendel’s subsidiaries
subsidiaries reviewed
reviewed byby an
an independent
independent third-party
third-party body
body

Extra-financial information
Wendel’s subsidiaries reviewed by an independent third-party body

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49%
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sites
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audits, trainings, Applicationengineering projects and other prevention
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methods both internallyand externally. The Safety reporting
procedure is defined by Stahl policy on SHE&PS, in which KPIs,
criteria and reporting tools are defined.

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including patentpatent applications
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Based onon Global
Global Risk
Risk ProﬁleProﬁle ESG
ESG Index
Index

WENDEL -- Universal
Universal registration
registration document
document 20192019
254 WENDEL

264 WENDEL - Universal registration document 2019
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Extra-financial
Extra-financial
information
information
Wendel’sWendel’s
subsidiaries
subsidiaries
reviewed
reviewedby an
by independent
an independent
third-party
third-party
body
body

Extra-financial information

Wendel’s subsidiaries reviewed by an independent third-party body

4
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Safety KPIs

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The table below shows KPIs related to work injuries.
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1.771

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Details on the calculation of the KPIs above are described in the Safety indicators
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11
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93
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■ greenhouse gas (GHG) emissions contributing to climate change;and■ Europe
the Europe
increasing demand and regulation for31%
sustainablechemical
31%

products.
Asia
Asia
40%40%
MiddleMiddleEastEast& Africa& Africa
5% 5% strategy, with
The company
has
implemented a corporate
Americas
Americas24%24%
associated KPIs and policies, in order to mitigate
these risks.

• Zero• ZeroDischarge
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of ofHazardous
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Foundation
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and and
Stahl is committed to global initiatives like The 2015 Paris
Climateprogram:program:
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List (GADSL)

Economic Co-operation and Development. For reporting, Stahl
discloses information in its annual ESG report according to the
P E OPPEguidelines.
LOEP L E
Global Reporting Initiative (GRI)& S&
O CSIOEC
TY
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Stahl is continuously upgrading its manufacturing sites andlaboratory facilities in order to achieve energy, waste and waterRAWRAW
efficiencies and to reduce its environmental footprint.
M A TMETo
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the effectiveness of these mitigation activities, the company
S O LSUOTLI UOTNI SO N S
reports on the following KPIs each month and annually:■ CO2 and energy;■ water;■ waste.

Responsible
Responsible
Chemistry
Chemistry::

Corporate Strategy

A highlight from 2019 was the contribution of energy generated• Low• impact
Low impact
from solar panels at the Stahl manufacturing site in Portao, Brasil.
manufacturing
The company’s commitment begins with its widely communicated manufacturing
O UO
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emissions for the Tsiteand represented
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that
The company is planning toindustry
anda progressively
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introduce solar and/or other renewable energy alternatives at its
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(including
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is provides its products and services.

GlobalGlobalInitiatives
Initiatives& NGOs& NGOs• UN• Global
UN Global
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UN SDGS• UNIDO,• UNIDO,
Solidaridad
Solidaridad• International• International
universities
universities

Other
Other
sectorial
sectorial
initiatives:
initiatives:• Bluesign,• Bluesign,
ChemIQ,
ChemIQ,
Oekotex
Oekotex• Leather• LeatherWorking
Working
Group
Group
(LWG)
(LWG)
• TEWEGA• TEWEGA• Safety,• Safety,
HealthHealthand and
Environment
Environment(SHE)(SHE)
policypolicy• C0•2 emission
C02 emission
reduction
reduction
goal:goal:-10%-10%by 2020
by 2020• Target• Targetachievedachieved: -25%: -25%
in 2019
in 2019versusversus20152015

OthersOthers• Architectural• Architectural& & • Leisure• Leisure& &Interior
Interior
DesignDesignLifestyleLifestyle• Industrial• Industrial
Applications
Applications• Home• HomeFurnishing
Furnishing

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Extra-financial information
Wendel’sWendel’s subsidiaries
subsidiaries reviewed
reviewed byby an
an independent
independent third-party
third-party body
body

Extra-financial information
Wendel’s subsidiaries reviewed by an independent third-party body

SS H
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Description

Mitigation policies and actions

Lowering Greenhouse Gas
Stahl recognizes that reductions(GHG) emissions that contribute in global CO2 emissions will be
to climate change
required in order to achieve thegoals outlined in the Paris
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Stahl recognizes
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fully
fully
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andand
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chain
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KPIs

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22

11

2019

%
%
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Share of %34%
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Wendel,BASF,
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Stahlestimates
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61
61 nationalities
nationalities inin 24
24 countries
countries ::sources, e.g. fuel combustion. Scope 2 emissions are indirect•• 49%
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•• 3
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including
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600

The below tables shows the different sources of CO2 emissions
calculated by Stahl, as per the Green House Gas (GHG) protocol.
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22 00 11 99 PP EE RR FF O
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2020 Purchased electricity,

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European
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plants // 36%
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ofof renewable
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energyconsumption
consumption
76%76% ofof coating
coating solutions
solutionsareare water-based
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packaging)

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4

Extra-financial
Extra-financial
information
information
Wendel’sWendel’s
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Scope 1 and 2 emissions

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directGHG emission (metrictons CO2-EQ.)*
members
women
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2018

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18,38017,114

16,915

16,924
18,595

Scope 2: electricity indirect emission sources (metric tons CO2-EQ.)*

6,585

7,119

8,984

CO2 emission scope 1+2 (in tons)

24,96624,23225,89835,519Total production volume (in tons)
R &R
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238,590

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11
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manufacturing
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T R UTSRTUESDT E D
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R E SRPEOSNP SOI NB LS EIBLE
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productionof keyof keytechnologies
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Scope 3: estimation of the other indirect emission sources(million TCO2-EQ)***• UNIDO,• UNIDO,
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2019• International• International
universities
universities

500-530• C0• emission
C02 emission
reduction
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Oekotex
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2017
2015
goal:goal:
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-10%
by 2020
by 2020• Leather• LeatherWorking
WorkingGroup
Group• Target• Targetachievedachieved: -25%: -25%(LWG)(LWG)
in 2019versusversus20152015
500-530in 2019
N/A
• 560-590
TEWEGA• TEWEGA 560-590

OthersOthers• Architectural• Architectural& & • Leisure• Leisure& &Interior
Interior
DesignDesignLifestyleLifestyle• Industrial• Industrial
Applications
Applications• Home• HomeFurnishing
Furnishing

255
255

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4
4

Extra-financial information
Wendel’sWendel’s subsidiaries
subsidiaries reviewed
reviewed byby an
an independent
independent third-party
third-party body
body

Extra-financial information
Wendel’s subsidiaries reviewed by an independent third-party body

SS H
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60%
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Cat 12: End-of-life treatment of sold products
22 00 11 99 RR EE V
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anddistribution
PP EE RR FF O
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Circularity
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INTERNAL RESOURCES

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in to
2019)
and
33 pillars
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to improve
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its ‘end-of-life
environmental
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footprint:M
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itit cancan bebeemissions.
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22 00 11 99 PP EE RR FF O
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Energy consumption
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2015

Energy (TJ)
Share of renewable energy
Total production volume

00 coalcoal used
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Stahlplantsplants inin 20192019

USE OF RESOURCES

Imagination
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External
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resources
Internal
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resources

76%
76% ofof coating
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9%

10%

N/A

5%

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II N
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■ stimulatetransportation
76%
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61
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Africaconsolidated its distributor network significantly, which means•• 21%
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EE XX PP EE RRTT SS•• 15%
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Stahl’s energy consumption is the sum of electricity, gas, oil,steam, renewable briquettes and high speed diesel, consumed attheir manufacturing sites (see below pie chart). Energy is reported
PP RR
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companies coming
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35

manufacturing
manufacturing
sites
sites

9

Centers
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2019

Application
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2018

2017

2016

380

380

390

319

36%
34%
D
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208,114228,4400.00182

OUTPUT

Energy intensity (TJ)*

100%
100% ofof greengreenenergyenergy onon thethe whole
whole
volume.
European
Europeanplantsplants // 36%36%
K
K EE*YY Total energy consumption/total productionofof renewable
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energyKey
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consumption
consumption

9%

5%
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H
HU
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from
from 54
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85% (in(in production
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volume) areare

Cooperation
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2020 marine transport. Air
10 times more CO2-emission per tkm
than
Initiative
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10%

There are many
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low, low
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production volume decreased in 2019 (ie: like for like), the energy
per tons produced slightly increased, while to total energy
consumption in TJ is stable.
PP RR OOD
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Responsibility
Responsibility

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PP LLOOYY EE EE SS in favour of marine transport;

Responsible
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WeWe
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performing,
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related totothe input and output of materials in the production
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Low-impact
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Opportunities
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Biotechnology
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does not necessarily
WENDEL-- Universal
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2019to a lower carbon footprint from a life cycle perspective, because production and processing of biogenic
254 WENDEL
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Extra-financial
Extra-financial
information
information
Wendel’sWendel’s
subsidiaries
subsidiaries
reviewed
reviewedby an
by independent
an independent
third-party
third-party
body
body

Extra-financial information
Wendel’s subsidiaries reviewed by an independent third-party body

OPO
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4.3.4.5.2 Water

EXEC
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CSR MRisk
Description
A NMAAGNE A
MGEENMT ETNETA M
T E: A M :Mitigation policies and actions

KPIs

2018

2019

Impact on water Risk of insufficient water for themembers
members
women
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resources
process and watersupplycuts
from local network

Water management

Water intensity (m3consumed/ton
produced)

1.510

1.588

99

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D Stahl and the company dedicate■ water used by Stahl manufacturing sites (cleaning tanks, pipes andWater is a strategic focus
for
5 focus
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significant resources into researching the reduction of water use,
research
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Sustainability
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the introduction of water-based products,centers
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Stahl uses water from the municipality (public water) and groundwater effluent and reducing water pollution.
Zero• ZeroDischarge
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andHazardous
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technology
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chemists
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Stahl’s
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water
(ZDHC)(ZDHC)
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totaltotalof 8400of 8400%%
beneﬁciaries*
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P E OPPELOEP L E

11
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9001

Water consumption
EuropeEuropeAsiaAsia
Water
consumption (m³)
MiddleMiddleEast
East& Africa& Africa
Other
water
use
(m³)
Americas
AmericasTotal water used (m³)

2019

2018

2017

2016

330,649

344,922370,855

355,041

460,097456,820561,788

506,056

790,746

801,742932,643

861,097

208,114228,440

238,590

207,923• Low• impact
Low impact 1.588
manufacturing
manufacturing
Chemicals
Chemicals

1.510

1.554

1.708

31%31%
40%40%
5% 5%
24%24%
Responsible
Responsible
Chemistry
Chemistry::

Total production volume (tonnes)
Water intensity*
O UO
TU
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CR
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* Total water consumption/total production volume.
PRO
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Smart
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production
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4.3.4.5.3
Wasteof largerof larger
volumevolumeproducts
products(approx.
(approx.
40%40%of total)of total)
to trusted
to trusted
partners
partners
GlobalInitiatives
Initiatives& NGOs& NGOsCSR Risk
Description
Mitigation policiesGlobal
andactions
KPIs

Hazardous
waste
managementRAWRAW
M A TMEARTI A
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LS
IALS

I N NI O
NV
NAOTVI VAE
TIVE
S O LSUOTLI UOTNI SO N S

Risk of significant increases inhazardous waste generated at
Stahl sites and inadequate
management of their end-of-life

Waste reduction

T R UTSRTUESDT E D
P A RPTANRETRNSEHRI S
PHSIPS

R E SRPEOSNP SOI NB LS EIBLE
O P EORPAETRI O
A TNI SO N S

2018• UN• Global
UN Global
Compact,
Compact,
sectorial
initiatives:
initiatives:
Waste
Water Other
sentOtherto sectorial
15,620
Reporting
Reportingon 17onUN
17SDGS
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ChemIQ,
ChemIQ,
Oekotex
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Solidaridad
Solidaridad• Leather• LeatherWorking
WorkingGroup
Group
Waste management• strategies
Waste
intensity (LWG)
International• International
universities
universities(LWG) 0.056

Stahl
policy is to reduce the impact of its operations and products
OthersOtherson the environment by preventing pollution through waste• Architectural• Architectural& & that• Leisure• promoteLeisure& &waste minimization, re-use,management
strategies
Interior
Interior
DesignDesignLifestyleLifestylerecovery and recycling, as appropriate. Waste reduction and• Industrial• Industrial• Home• Homefinding
useful outlets, especiallyavoiding waste, are important
Furnishing
Furnishingfrom Applications
an Applications
economic and environmental
point of view. The circularity
approach is getting more and more attention and Stahl’s ambition
for waste and water is to achieve a high level of circularity.
Circularity is based on the principle that a closed loop system• TEWEGA• TEWEGA• Safety,• Safety,
HealthHealthand and2019

Environment
Environment(SHE)(SHE)
policypolicy14,397• C0• emission
C0 emission
reduction
reduction
2

2

goal:goal:-10%-10%by 2020
by 2020• Target• Targetachievedachieved: -25%: -25%
0.062
in 2019
in 2019versusversus20152015

requires (no or less) resources, since “waste” is input (raw material)instead of waste.
Disposal of waste is considered only as a last resort for Stahl and it
has begun to regard waste more and more as a by-product, withvalue for other uses. It is also installing water treatment facilities atmanufacturing sites which do not have such them. This will
effectively reduce the amount of wastewater (classified ashazardous waste) sent to third parties for treatment.

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4
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Extra-financial information
Wendel’sWendel’s subsidiaries
subsidiaries reviewed
reviewed byby an
an independent
independent third-party
third-party body
body

Extra-financial information
Wendel’s subsidiaries reviewed by an independent third-party body

SS H
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%,,
CCLLA
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% A
AN
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D O
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Stahl reports and actively aims to reduce both hazardous waste
and non-hazardous waste. Hazardous waste originates fromrejected products/raw materials, waste from process installations(eg sludge from waste water treatment), waste from laboratories
andBBempty
usedpackaging.
Non-hazardous waste includes glass,
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paper, wood, plastic, domestic and demolition waste.

22 %%members
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The slight increase in waste intensity is caused by the decrease in production volumes.
independent
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22 00 11 99 RR EE V
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Hazardous waste (tons)

EE N
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PP EE RR FF O
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€ 809 mNon-hazardous waste (tons)

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*

2018

2017

2016

10,962

10,538

9,748

1,584

1,476

1,521

1,807

12,824

12,769208,114228,4400.062

Responsible
Responsible Chemistry:
Chemistry:

33 pillars
pillars toto improve
improve its
its
Total waste (hazardous + non-hazardous)/
total production
volume.
environmental
environmental
footprint:
footprint:

We
We provide
provide highhighperforming,
performing, low-impact
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thethe transitiontransition to
to aa
manufacturing
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fully
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transparent
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andandWaste water send to external treatment (tons)*sustainable
sustainable supply
supplychain
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Biotechnology
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economy.
economy.

Environmental provisions

2019

Circularity
Circularity

12,122
11,224
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INTERNAL RESOURCESVV II SS II O
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11

%
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100

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76%
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61
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24 countries
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2019
2018
•• 49%
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Africa14,397•• 21%
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Paciﬁc-Asia

PP EE OO PP LL EE

workingworking on
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15,6202017

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Pakistan

At end of 2019, Stahl’s environmental provision for land pollution was €0.64 million.
M
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itit cancan bebe imagined,
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PP RR OOCCUU RR EE M
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Mitigation policies and actions

Suppliers:
Suppliers: large
large multinational
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companies coming
coming
KPIs
2018
2019
from
from 54
54 countries
countries ofof whichwhich
85%
85% (in(in production
production
volume)volume) areareinin veryvery
low,
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risk countries***countries***1,274
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compliant
N/A

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demand andrequirements of brands,
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22 00 11 99 PP EE
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sites
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orImagination
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Share of R&D projects
25%
Application
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CO2
CO2 Target
Target Achieved:
Achieved:
restricted laboratories
substances (%laboratories-25%-25% inin 20192019 versus
versus 2015
2015
total projects)

Key
Key partners
partners
External
External resources
resources
Internal
Internal resources
resourcesofof renewable
renewable energy
energyonon thethe total
total energy
energyconsumption
consumption

76%76% ofof coating
coating solutions
solutionsareare water-based
water-based

OUTPUT

00 coalcoal used
used inin Stahl
Stahlplantsplantsinin 20192019
Stahl has identified risks linked toinnovationand the ESG
performance of its products due to the increasing demand andregulation for more sustainable chemistryWithmany R&D centres
100%
100% of
of
green
green
energyenergy onon the
the
whole
whole
around the world, employing over technicalstaff,
Stahl’s product
European
European plants
plants // 36%36%K
K EE YY
research
is aimed at providing highperformancesolutions that

USE OF RESOURCES

-10 %

11
35

76%

9

35

Centers
Centersofof Excellence
Excellence

18%

sales
sales support
supportreduceD
D II SS environmental
TT RR II B
BU
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footprint and mitigating the identified risks related to ESG
M
MAA RR KK EE TT SS
PP RR OOD
DUUCC TT SS
performance listed in table 1 of this report.
•• Chemical
Chemical productproduct for
forleatherleather•• HighHigh performance
performancecoatings
coatings andand polymers
polymers

Main
Main sectors
sectors•• Automotive
Automotive•• Footwear,
Footwear, Apparel
Apparel&& Accessories
Accessories** 840840 visitors
visitors xx 10
10 people
people who
who they
they onon average
average inﬂuence
inﬂuence with
with thethe obtained
obtained knowledge
knowledge**** including
including patentpatent applications
applications****** Based
Based onon Global
Global Risk
Risk ProﬁleProﬁle ESG
ESG Index
Index

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Extra-financial
Extra-financial
information
information
Wendel’sWendel’s
subsidiaries
subsidiaries
reviewed
reviewedby an
by independent
an independent
third-party
third-party
body
body

Extra-financial information
Wendel’s subsidiaries reviewed by an independent third-party body

44
4

OPO
E RPA
E TRIAOTNI O
AN
L AGLOG
VO
E RVN
EA
RNA
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Fig.2: Responsible Chemistry
EXEC
EX
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O TL RGORLOGURPO U P
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women
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R &R
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11
11
~100
~100

research
research
centers
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15 training
hours
hours
per per
FTEFTE
on averageon average

5Responsible
focus
5 focusareas
areas
Chemistryof ofSustainability
Sustainability• Zero• ZeroDischarge
Discharge
of ofHazardous
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Chemicals
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Foundation
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and andprogram:program:
12741274
products
products
in theinZDHC
the ZDHC
gateway
gatewaychemists
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• 840
• 840
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interns
followedfollowed
Stahl
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ISO ISO
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93
93

• Code• Codeof conductof conduct
based
based
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GlobalGlobalCompact
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Declarable
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List (GADSL)
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P E OPPELOEP L E& S&
O CSIOEC
TY
IETY

Overall goal/output:
Improving environmental
footprint
I N NI O
NV
NAOTVI VAE
TIVE
S O LSUOTLI UOTNI SO N S

EuropeEurope31%31%

Responsible Chemistry classifies the environment benefits of Stahl
AsiaAsia
40%40%
technology into three categories:RAWRAW
M A TMEARTI A
ER
LS
IALS

■ circularity: refers to products or technologies that contribute to therepair and prolongation of materials, and products derived fromwaste or by-products which would otherwise be thrown away.
Products that allow for successful composting and biodegradation
chemicals on human health and the environment. For example,
Responsible
Responsibleof materials would also be included in this category.
Chemistry
Chemistry::
chemicals compliant to the ZDHC Manufactured Restricted
number of Stahl products listed (publicly) at Level 3 in the
Substance List fall into this category, as measured by their level of • Low• The
impactLow impact
manufacturing
ZDHC
Gateway portal (as of January 2020) is 1274, which
compliance in the ZDHC Gateway® portal. Other products that manufacturing
O UO
TU
SO
T SUO
RU
CR
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DE D
Chemicals
Chemicals
represent
anenvironmental
footprint
reduction
for
Stahl
and
its
R E SRPEOSN
PglobalSOI N
B LS EI B LLeather
E
PRO
P RDO
UD
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T ICOT N
ION• Biotechnology• represents
Biotechnology all products in the (non-automotive)
EORPAETRI O
AtotalTNI SO NproductS
UTSRTUEaSDTlargeEDcustomers are also included in this group, for example via reduced• Circularity
portfolio,T Rand
share ofO PStahl’s• Chemicals
Circularity
P A RPTANRETRNSEHRI S
PH
SIPS
water
pollutionor energy
consumption.
Smart
Smart
production
production
combiningcombiningin-house
in-house KPI;
portfolio. Level 3 is the highest level of compliance defined andproduction
productionof keyof keytechnologies
technologies
andandoutsourcing
outsourcing
represents a significant milestone for Stahl.
■of biotechnology:
refersto (approx.
chemistry
derivedlargerof larger
volumevolumeproducts
products(approx.
40%40%of total)of total) from bio-based orcarbon resources (as opposed to fossil-fuel based or
to renewable
trustedto trusted
partners
partners
GlobalInitiatives
Initiatives& NGOs& NGOs• Safety,• Safety,
HealthHealthand anddepleting resources). Stahl’s bio-based polyurethanes and theGlobal
Environment
Environment(SHE)(SHE)
policypolicyUN Global
Compact,
Compact,
Other
Other
sectorial
sectorial
initiatives:
initiatives:
Proviera Probiotics for Leather® portfolio, both fall into this• UN• Global• C0•2 emission
C02 emission
reduction
reduction
Reporting
Reportingon 17onUN
17SDGS
UN SDGS• Bluesign,• Bluesign,
ChemIQ,
ChemIQ,
Oekotex
Oekotexcategory;
goal:goal:-10%-10%by 2020
by 2020
MiddleMiddleEastEast& Africa& Africa
5% 5%24%24%■ Americas
lowAmericas
Impact Manufacturing Chemicals: refers
to the impact of• UNIDO,• UNIDO,
Solidaridad
Solidaridad• International• International
universities
universities• Leather• LeatherWorking
Working
Group
Group
(LWG)
(LWG)
• TEWEGA• TEWEGA• Target• Targetachievedachieved: -25%: -25%
in 2019
in 2019versusversus20152015

OthersOthers• Architectural• Architectural& & • Leisure• Leisure& &Interior
Interior
DesignDesignLifestyleLifestyle• Industrial• Industrial
Applications
Applications• Home• HomeFurnishing
Furnishing

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4
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Extra-financial information
Wendel’sWendel’s subsidiaries
subsidiaries reviewed
reviewed byby an
an independent
independent third-party
third-party body
body

Extra-financial information
Wendel’s subsidiaries reviewed by an independent third-party body

SS H
HA
A RR EE H
HOO LL D
D EE RR GGOOVV EE RR N
NA
AN
NC
C EE
SSH
HA
ARREEHHO
OLLD
DEERRSS:: W
WEEN
ND
DEELL 6677..55%%,, BBAASSFF 1166..33%
%,,
CCLLA
ARRIIAAN
NTT 1144..88%
% A
AN
ND
D O
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HEERR 11..44%%

4.3.4.6 Governance4.3.4.6.1 Human rights, modern slavery, corruption, bribery risks
CSR Risk

Description

Mitigation policies and actions

Corruption andRisk of corruption,

Stahl Code of Conduct and Stahl

Risk of corruption,bribery, modern slavery in E-learning training programs
Stahl
V
V II SS II O
ON
N :: Due diligence questionnaire
EcoVadis Business Sustainability
Ratings (for suppliers)
Responsible
Responsible Chemistry:
Chemistry:

33 pillars
pillarsAccounting
toto improve
improve its
itsprocedures foranti-corruption
environmental
environmental
footprint:
footprint:

We
We provide
provide highhighperforming,
performing, low-impact
low-impact
solutionssolutions toto drive
drive
Low-impact
Low-impact
Stahl
has identified
corruption, bribery
and modern slavery as athethetransitiontransitiontoto aa
manufacturing
manufacturing chemicals
chemicals
CSRrisk in Stahl’s
fully
fully
transparent
transparent
andandoperations and supply chains, as described inTable 1 of supply
thisreport. Stahl’s Code of Conduct ensures that humansustainable
sustainablesupplyrightsandthe environment are respectedby those parties with
chain
chain
and
and
circularcircular
Biotechnology
Biotechnology
economy.
economy.
whom Stahl does business. Related to this, a whistle blower policy

is in place with clear rules that allow employees to report
Circularity
suspicious behaviour that could beCircularity
in conflict with the Code of
Conduct,withM
M II SS SS II OON
N the necessary protection guarantee for the whistle
blower in question.

INTERNAL RESOURCESVV II SS II O
ON
N

“If
“If itit can
can bebe imagined,
imagined,
TTA
A RR GG EE TT SS ::Stahl executed e-learning training
programs
in 2017 and 2018,
itit cancan bebe created.”created.”In 2019, Stahl published accounting procedures for anti-corruption
for all Stahl locations around the world. This document covers best100%
100% ofof greengreen
practices to be adopted for prevention
and detection ofenergyenergy onon thethe whole
whole
corruption
withregardtofinanceandpayments.
European
European plants
plants // 36%36%K
K EE YY

External
External resources
resources
Internal
Internal resources
resources

76%
76% ofof coating
coating solutions
solutionsareare water-based
water-based

H
HU
UM
MA
AN
N C
CA
A PP II TTA
A LL

Compliancetraining, only
new employees

CourseCoursecorporate
corporate
policies: n/a
policies: 90.4%
II N
N TT EE LL LL EE C
C TT UUAA LL
CCAA PP II TTA
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EE M
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Whistle blowing– OYYEEEESS 100% (2 cases)
Number of cases treated

76%76% menmen // 24%
24% women
women

100% (5 cases)

PP EE OO PP LL EE

workingworking on
on innovation
innovation
everydayeveryday30%
30% inin technicaltechnical activities
activities

61
61 nationalities
nationalities inin 24
24 countries
countries ::4.3.4.6.2
UnitedNations
Sustainable Development•• 49%
49% inin Europe,
Europe,Africa
AfricaGoals•• 21%
21% inin Paciﬁc-Asia
Paciﬁc-Asia

600

TT EE CCH
HN
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principles
EE XX PP EE RRTTof
SS UN

Stahl is committed to the guiding
Global•• 15%
15%theinin America
America
Compact,
world’s largest corporate sustainability initiative.
15%
15%
in
in India
India // Pakistan
PakistanWith••thiscommitment
Stahl confirms the alignment of its strategy
and operations with the universal principles of human rights,
labour, environment and anti-corruption. Stahl is also committed
to the 17 Sustainable Development Goals (SDG’s) announced at
PP RRGeneralOOCCU
U RR EEAssemblyM
M EE NN TT in 2015. Its activities link to the SDG’s
the UNare listed below.
involved in wider industrial development in emerging regions with
NGOs and governments. As an example, a Public Private
Partnership between Stahl, Solidaridad and PUM that was
launched in 2017, in Kanpur, India, is progressing well. The
PP RR OOD
DprojectU
UC
C TT II O
OisN
Nfocused on reducing water pollution, and its
five-year
success will have an impact on securing jobs linked to the local
leather industry in
Kanpur, which has been severely
threatened bymanufacturing
manufacturing
Centers
Centerssites
ofof Excellence
Excellence
forced closures sites
in 2019 due to non-compliancewith respect toenvironmental pollution.

11
35

9

Application
Applicationlaboratories
laboratories■ Good health: Stahl
has committed to initiatives that will eliminate

restricted substances from the supply chain, like the Zero
Discharge of Hazardous Chemicals foundation, of which thecompany is a member since 2016.In January 2020 Stahl confirmed
sales
support chemicals
thehighest3) level compliance forsales
its support
leather
D
D II SSTT RR II B
BU
U(LevelTT II OON
N
ofﬁcesofﬁcesportfolio to the ZDHC Gateway conformancestandard for
restricted substances.

35■ Education:
Stahl Campus® was M
establishedM
A
A RR KK EE TT SS to promote good
PP RR OOD
DUUCC TT SSOUTPUTKey
Key partners
partnersofof renewable
renewable energy
energyonon thethe total
total energy
energyconsumption
consumption

Share of employees
Compliancetrained on these subjects training > 50%

11

%
%
2019
of
of women
women

in
in very
very low,
low, low
low oror mediummedium risk
risk countries***countries***

USE OF RESOURCES

plantsplants inin 20192019

ofof independent
independentfrom54
54 countries
countriesofof whichwhich
85%
85% (in(in production
production
volume)volume)areare is■ Poverty: fromIn
addition
to localcommunity
philanthropy,
Stahl

-10 %

Responsibility
Responsibility

222018%%Suppliers:
Suppliers: large
large multinational
multinational chemicalchemical companies
companies coming
comingfocused on anti-bribery, anti-corruption and modern slavery inwhich special attention was given toCCawarenessred flags thatO
O 22 RR EE D
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Cand
TT II O
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G
GO
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can indicate non-compliant behaviourin
V
VA
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supplychain.
Further mandatory training on Stahl’s Compliancepolicy took place in 2019 thanks to the new EEP described in the
Cooperation
Cooperationbyby 2020
2020
Human
Resources chapter of this report.
Stahl’s Business Partner Code of Conduct is agreed and signed
Initiative
Initiative
annually
with commercial businesssuppliersand
22 00 11 99 partners
PP EE RR FF O
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M
MAANNC
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Imagination
Imagination
distributors
and agents. In 2019 Stahl began due diligence on the
Code of Conduct by auditing selected suppliers on its
CO2
CO2 Target
Target Achieved:
Achieved:
implementation. The scope of Stahl’s
supplierdue diligence will-25%
-25% inin 20192019 versus
versus 2015
2015
be amplified in 2020 by using the Ecovadis ratings system, which isalready used throughout much of the chemical industry supply
chain.
00 coalcoal used
used inin Stahl
Stahlmembers
members
9KPIs(Stahl,(Stahl,Wendel,
Wendel,BASF,
BASF,
independent
independent members)
members)slavery
22 00bribery
11 99 RR EE V
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practices throughout the supply chain (see the section
Education& Training).
actively
promotes the safe
Main
sectors
sectors•• Chemical
Chemicalproduct
product forfor Stahl alsoMain
handling
leatherleatherof chemicals and conducts seminars on this topic in•• Automotive
Automotive
emerging
regions. The company holds regular Sustainability•• HighHigh performance
performance•• Footwear,
Footwear, Apparel
ApparelSeminars
onand
CSR
topics at leather manufacturing
clusters aroundcoatings
coatings
andpolymers
polymers&&
Accessories
Accessories
the world or to groups of stakeholders in the supply chain. In 2018
Stahl Campus® India (Kanpur) was opened to support the Public
PrivatePartnership
focusedon waterpollution
reduction in the** 840840 visitors
visitors xx 10
10 people
people who
who they
they onon average
average inﬂuence
inﬂuence with
with thethe obtained
obtained knowledge
knowledge**** including
includingpatentpatent applications
applications
Ganges.
****** Based
Based onon Global
Global Risk
Risk ProﬁleProﬁle ESG
ESG Index
Index

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Extra-financial
Extra-financial
information
information
Wendel’sWendel’s
subsidiaries
subsidiaries
reviewed
reviewedby an
by independent
an independent
third-party
third-party
body
body

Extra-financial information
Wendel’s subsidiaries reviewed by an independent third-party body

44
4

OPO
E RPA
E TRIAOTNI O
AN
L AGLOG
VO
E RVN
EA
RNA
CN
E CE

■ GenderEquality: Stahl’s Diversity and Inclusion policy was
EXECEX
U ET CI VUET ICVOE NCTORN
O TL RGORLOGURPO U P
communicatedin 2018and is summarized in this report.

M A NMAAGNE A
MGEENMT ETNETA M
T E: A M :■ Clean
Water & sanitation:

The company has successfully
introduced
effluent-reducing
technologies
like Proviera® –members
members
women
women
Probiotics for Leather™, Stahl NEO, Stahl EVO and Catalix® as wellas water-reducing technologies like Easy White Tan®. The Public
Private Partnerships launched in Kanpur, India and Ethiopia arealso driven by a strong desire to reduce water pollution in the
R &R
D&
D
markets that the company
serves.

99

00

Stahl is an active value chain affiliate of the Zero Discharge ofHazardous Chemicals (ZDHC) foundation, and became abluesign® system partner in 2017.

4.3.4.6.4 Non-profit activities in emerging countries■ A five-year Public Private Partnership (PPP) between Stahl,
Solidaridad, and PUM was launched in 2017, in Kanpur, India (seeSDGs).

5 focus
5 focus■areas
A areas
PPP in Ethiopia, with several partners and NGOs, including is
research
researchgoal of a 10%■ Renewable Energy and Climate Action:
Stahl’s
focused on pollution reduction in the tanning sector. Stahl’sof of
Sustainability
Sustainability

11
11
100
100

centers
reduction in CO2 emissions by 2020 (incenterslinewith the 2015 Paris
ClimateAgreement)wasachievedin2019.
This implies the• 15• training
15 training~ ~adoption
andchemists
raw materials, as well
hours
hours
per perFTEof
FTErenewable energy sources chemistsason average
onenergy
averageefficient technologies at its sites. Beyond this, Stahl has
to use solar panels at its site in Brazil as part of a longer• 840• begun840
interns
internsterm
goalStahlof sourcing from on-site renewable energy, not only
followedfollowed
Stahl
CEC
RT
E IRFTI ICFAI C
T IAOT N
I OS N S
fromthe module,
green electricity
network.
CampusCampusmodule,/ M A/ N
MAAGNE A
MGEENMT ESNYTS TSEY M
S TSE M S

impacting
impactinga a■ Jobs,economic
growth: The Public Private Partnership in Kanpur,
total
total
of 8400
of
8400
India,
is one example of its %commitment
to sustainable economic%
beneﬁciaries*
beneﬁciaries*
growth.
The
EU fundedprojectvolume
aimed
atcomepromoting efficientof productionof production
volumecome• 73• active
73 active
patentpatentfromsitessites
certiﬁedcertiﬁed
ISO
ISO
14001
14001
technologies
for thefrom
Ethiopianleatherindustryis another. Bothfamilies**families**
99,7%
99,7%
fromfrom
ISO
ISO
9001
9001
projects are focusedand
onand
reducing
pollution
which has a direct

93
93

connection with securing sustainable economic development andtherefore jobs for the local industries. Without such pollution
control initiatives, companies in these sectors would fail andEuropeEurope be forced to close.
31%31%
eventuallycontribution to this project is training in cleaner technologies, via• Zero• ZeroDischarge
Discharge
of of
Stahl Campus® training on the relevant modules forHazardous
workers
andChemicals
Hazardous
Chemicals(ZDHC)(ZDHC)
Foundation
Foundation
and andmanagement at the tanneries.

program:program:
12741274
products
products• Codeof conductof conduct
based
based
on on
in theinZDHCthe ZDHC
gateway■• CodeIn Global
2019
a project was initiated in Bangladesh by
three
key gateway
GlobalCompact
Compact• Global• GlobalAutomative
Automative
group of chemical suppliers(StahlDeclarable
Declarable
Substances
Substances
being
one
of them) and the Dutch NGO Solidaridad.
Officially• Stahl• StahlCampusCampusList (GADSL)
List(GADSL)kicked off in Q1 2020, the project is focused on practical way to
improve the safe handling of chemicals in the leather
manufacturing cluster ofP Savar,
Dhaka, and is focused on the
E OPPELOEin
PLE
& S&
Oin
CSthe
IO
EC
TY
Icluster.
ETYwell-being of factory workers

membersof theTEGEWA• Public-private• Public-private
Partnerships
Partnerships

4.3.4.6.5 External education and training R A WR A W(Stahl Campus®)
M A TMEARTI A
ER
LS
IALS
I N NI O
NV
NAOTVI V
AE
TIVE

Stahl is committed
the talent gap observed in some of the
S O LSUOTLI U
OTNItoSO NfillingSmarkets that the company serves by actively seeking ways to
educate and train university students, NGOs, brands, suppliers,
AsiaAsia
40%40%■ Middle
ReducedInequalities:
was implemented
distributors, customers and other stakeholders in the supply chain.
MiddleEast
East& Africa& Africa Stahl’s Code of Conduct
5% 5%
in Americas
2015 and the Stahl Diversity and 24%
Inclusion
policy was
Stahl Campus® is the global knowledge center established byAmericas24%
implemented 2018. E-training courses were conducted andStahl to achieve this. Started in 2014 in Waalwijk
Responsible
Responsible
completed by all employees in 2019 on diversity andChemistry(Netherlands)& extended to León (Mexico) in 2015 andChemistry::anti-corruption.
Guangzhou(China) in 2016, a new Stahl Campus® Center of• Low• impact
Low
impactmanufacturing
manufacturing
Excellence was opened in Kanpur, India in 2019. The goal of Stahl
O UO
TU
SO
T SUTrusted
O
RU
CR
EC
DE D
Chemicals
Chemicals
4.3.4.6.3
Partnerships
Campus is to promote good practices
R E SRPandEOSN
P SOI transparencyN
B LS E
IBLE
PRO
P RDO
UD
CU
T ICOT N
ION• Biotechnology• Biotechnology
O P EORPAETRI O
A TNI SOinN S Stahl’s
T R UTSRTUEchain
SDT E D by hosting
throughout the supply
trainees
The company is proactively involved in many industry ESG • Circularity• Circularity
P A RPTANRETRNSEHRI S
PH
SIPS
Smart
Smart
production
production
combiningin-house
in-housestate-of-the-art laboratories to strengthen their knowledge via
initiatives,
like combining
the
Leather
Working Group (LWG), a
production
productionof keyof keytechnologies
technologies
andandoutsourcing
outsourcing
theoretical and practical training modules. Stahl Campus® is a key
multi-stakeholder
association
which
develops and maintains anof largerof larger
volumevolumeproducts
products(approx.
(approx.
40%40%of total)of total)element of the company’s strategy of promoting transparency
audit
protocolthat
assesstheenvironmental
complianceandto trusted
to trusted
partners
partners
throughout
supply chain.
performance capabilities of leather manufacturers and promoteGlobal
GlobalInitiatives
Initiatives& NGOs&theNGOs• Safety,• Safety,
HealthHealthand and
Environment
Environment(SHE)(SHE)
policypolicysustainable and appropriate environmental business practices • UN• Global
UN Global
Compact,
Compact,
Other
Other
sectorial
sectorial
initiatives:
initiatives:
In 2019,842
people attended Stahl Campus® training• C0•2 emission
C0courses
emission
reduction
reduction
Reportingon 17onUN
17SDGS
UN SDGS2
within the leather industry. The mission of the LWG is to raise the Reporting• Bluesign,• Bluesign,
ChemIQ,
ChemIQ,
Oekotex
Oekotexgoal:goal:
-10%
-10%
by 2020
by 2020
aroundthe world. Notably in 2019, the Automotive
Leather• UNIDO,
Solidaridad
Solidaridad• Leather• LeatherWorking
WorkingGroupGroup
bar of environmental stewardship through its audit protocol for • UNIDO,• Target• Targetachievedachieved: -25%: -25%
Finishing
Post Graduate Certificate
course was held forthesecond• International• International
universities
universities
(LWG)
(LWG)
in 2019
in 2019versusversus20152015
tanneries, to allow better choices to be made about sourcing•
TEWEGA•TEWEGA
time in Stahl Campus® Mexico – a six-week course (3 x 2-weekleather. Audit implementation and its maintenance is the LWG’s
modules held over the academic year) developed in collaboration
main activity and Stahl is a member of the Executive Committee,
with the University of Northampton (UK), in which students receive
which currently consists of four clothing/footwear brands
an official Post Graduate Certificate upon completion. This
OthersOthers(Wolverine, VF Corporation, Louis Vuitton and Clarks), four leather
2nd course will be completed in Q2 2020.
• Architectural• Architectural& chemical• Leisure• Leisure& & (Stahl).
manufacturers
and&onesupplier
Interior
Interior
DesignDesignLifestyleLifestyle• Industrial• Industrial
Applications
Applications• Home• HomeFurnishing
Furnishing

255
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4
4

Extra-financial information
Wendel’sWendel’s subsidiaries
subsidiaries reviewed
reviewed byby an
an independent
independent third-party
third-party body
body

Extra-financial information
Wendel’s subsidiaries reviewed by an independent third-party body

SS H
HA
A RR EE H
HOO LL D
D EE RR GGOOVV EE RR N
NA
AN
NC
C EE
SSH
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DEERRSS:: W
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DEELL 6677..55%%,, BBAASSFF 1166..33%
%,,
CCLLA
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% A
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D O
OTTH
HEERR 11..44%%■ the company implements a separate policy on diversity and4.3.4.7 Duty of Care
Stahl carried out a review of its risk assessment and control policies
within the scope of the French laws on Duty of Care. This review
covered the risks linked to its employees, suppliers andcustomers/external markets. Stahl has adopted governance
22 00
11 99 RR EE V
V EE NNUU EE health and safety,
EE N
NV
V II RRenvironment,
OONNM
M EE NN TTA
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PP EE RR FFpoliciesO
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C EE
order to mitigate such risks. These
areincluded in the risk
mapping section below.

4.3.4.7.1 Vigilance PlanV
V II SS II OON
N ::Stahl’s vigilance plan corresponds to the French law 2017-399
Responsible
Responsible Chemistry:
Chemistry:V
V II SS II2017)
OON
N on Duty of Care. The vigilance plan identifies and(March33 pillars
pillars toto improve
improve its
its
aims to prevent the risk of serious violationsof humanenvironmental
environmental
footprint:
footprint:rights andWeWeprovideprovidehighhighfundamental freedoms as well as harm to human health, safety andperforming,
performing,
low-impact
low-impact
the environment.
The Stahl Vigilance team meets periodically tosolutionssolutions
to
to
drive
drive
monitor the effectiveness of the Vigilanceplan.
Low-impact
Low-impact

thethe transitiontransition to
to aa
manufacturing
manufacturing chemicals
chemicals
1. transparent
Risks linkedandto human rights and the societal impact of Stahl’s
fully
fully
transparent
andsustainable
sustainablesupplysupplyactivities,
e.g. forced labour, freedom of association, modern
chain
chainslavery,
andand circular
circulardiscrimination, diversity andinclusion.
Biotechnology
Biotechnology
economy.
economy.
Stahl recognizes that modern slavery, corruption, diversity anddiscrimination need to be eliminatedCircularity
from its industry at all levels.
Circularity

Stahl’sof Conduct for employees (introduced in April 2013)“If“If■itit cancanbebe Codeimagined,
imagined,
RR G
G EE TT SSenvironment::
its commitment to aTTAA
working
where equal
itit cancandescribes
be
be created.”created.”opportunity and respect are prioritized. The Stahl Employee Codeof Conduct has chapters on modern
C
COOslavery,
22 RR EE D
DU
Uconflicts
C
CTT II O
ON
N of interest,
business practices, data and IP protection,G
GOOA
A LL :: financial reporting andalso
outlines
the whistleblower rules;V
V
A
A LL UU EE SSKey
Key partners
partners
External
External resources
resources
Internal
Internal resources
resourcesonon thethe total
total energy
energyconsumption
consumption

76%76% ofof coating
coating solutions
solutionsareare water-based
water-based

600

employees understand the issues of modern slavery, diversity,•• 21%
21% inin Paciﬁc-Asia
Paciﬁc-Asia
TT EE CCH
HN
N II CCAA LL
discrimination, equal treatment, sexual EEharassmentetc., withXX PP EE RRTT SS•• 15%
15% inin America
Americaregard to their own behaviour and that of the company’s business•• 15%
15% in
inTo
India
India
// Pakistan
Pakistanthe e-learning training, participants are
partners.
completerequired to study the material and take a test at the end. Special
attention is given to awareness in these programs, and to the redflags that can indicate non-compliant behaviour in the supply
chain.
All
employees
further compliance training in 2019
PP RR OOCCUU RR EE M
M EE N
NreceivedTT
as part of the Employee Engagement Platform (EEP) as described
Suppliers: large
multinational
multinational chemicalchemical companies
companies coming
comingin the HR Suppliers:
chapteroflargethis report.

The risks
thisrange from injuries to employees from
PP RR OOin
D
DU
UC
C TTcategory
II O
ON
N
slips or falls, to more significant accidents involving chemical spills,
machinery operations or exposure to dangerous substances.
manufacturing
manufacturing
Centers
Centers
These are well known
chemicalindustrysites
sitesin the (heavily regulated)ofof
Excellence
Excellenceand Stahl holds itself to the highest health and safety standards in
Application
Application
this respect.

11
35

9

laboratories
laboratories

Mitigating the Risk:■ Stahl is confident that the residual risk specific to its own activities

related to safety and health is low, given the highly regulated
sales
sales support
supportD
D II SS TT of
RR II B
BU
U TT
II O
ON
N business and additional actions taken by
naturethechemicalofﬁcesofﬁcesStahl to mitigate these risks;35■ the chemical industry is governed by strict legislation, permits and
OUTPUT

partners, and it initiated supplier audits in 2018 as a means to
mitigate the risks of non-compliance with the Code of Conduct.
This supplier auditing process will be
upgraded
and formalized in
00 coalcoal
used
used inin Stahl
Stahlplantsinin 201920192020 using the Ecovadis system ofplants
self-assessment.
The Code of
Conduct is already standard part of all commercial agreements
and contracts with third parties doing
business
100%
100% ofof greengreen with Stahl. Both
Codes of Conduct are discussed duringmonthlyenergyenergytheonon thethe whole
wholeManagement
European
EuropeanplantsplantsExecutive// 36%36%K
K EE YY Team and quarterly meetings with the
Quarterly
Controlofof renewable
renewable energy
energyGroup;USE OF RESOURCES

byby 20202020

CO2
CO2 Target
Target Achieved:
Achieved:

61
61 nationalities
nationalities inin 24
24 countries
countries ::■ thecompany
runs
online training courses to ensure that•• 49%
49%
inin Europe,
Europe,AfricaAfricafromfrom 54
54 countries
countries ofof whichwhich 85%
85% (in(in production
production volume)
volume) are
are

-10

■ Stahl introduced a Code of Conduct-25%
policyin 2015
forits business-25%
inin 20192019
versusversus
2015
2015

100

inlinkedvery
very low,
low, low
low
or mediummediumrisk
risk countries***countries***
2. Risks in
to or
the
healthandsafetyofemployees & contractors, including accidents, injuries, illness,
exposure to chemicals.

%■ Cooperation
the Stahl whistleblower policy allows employees to report
Cooperation

suspicious behaviour, by e-mail or phone, which could be inconflict with the Code of Conduct, with the necessary protection
Initiative
Initiative
guarantee for the whistleblower in question. An email address
22 00 11 99 PP EE RR FF O
O RR M
MAANNC
C EE ::
dedicated to report suspicious behaviour by external parties is
Imagination
Imagination
publically available on the website;

11~1,800MitigatingM
M II SS SS II O
OtheN
N risk:Responsibility
Responsibility

22

9

INTERNAL RESOURCES€ 809 minclusion
inDItheworkplace(Stahl group Diversity and Inclusion
BBO
OA
ARRD
D O
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IRREECCTTOORRSS::
Policy). The policy commits to embedding equality, diversity andmembers
members
inclusionacrossBASF,
the organization%% rather than viewing%% it as an(Stahl,(Stahl,Wendel,
Wendel,BASF,
independent
independent
members)
members) Equal
abstractprinciple.
is at theheart of theofof women
womenofof treatment
independent
independent
organization and Stahl believes that this will produce a moreinnovative and responsive organization. The company also
believes that there is much more to diversity than age, gender,race and cultural background. A diverse workplace includes
H
HU
UM
MA
A
N
N C
C
A
A PP
II TTA
AaLLrange of different viewpoints and ideas;
people
who
can
offer
II N
N TT EE LL LL EE C
C TT UUA
A LL■ consistent with its strategy of growingCC A
its
talent,A PP Ileadership
I TTA
A LL
Diversity and Inclusion principles have also been embedded within
its core leadershipdevelopment
programs to encourage
EE M
M PP LLOOYY EE EE SS
managers to demonstrate them as part of their PPleadershipEE O
O PP LL EE
76%
76% menmen // 24%
24%
women
behaviour.
Stahlwomen
has also committed to build
cultural
intelligenceworkingworkingonon innovation
innovation
andequality
its performance review,hiring and talent
30%
30% inintechnical
technicalinto
activities
activities
everydayeveryday
identification processes;

M
MA
A RR KK EE T
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licenses.
External
governmental
bodies,PP RR OOD
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ISO and many industry initiatives, visit and audit Stahl on a regular
Main
Main sectors
sectors•• Chemical
Chemical productproduct forforbasis;
leatherleather•• Automotive
Automotive•• HighHigh performance
performancecoatings
coatings andand polymers
polymers•• Footwear,
Footwear, Apparel
Apparel&& Accessories
Accessories** 840840 visitors
visitors xx 10
10 people
people who
who they
they onon average
average inﬂuence
inﬂuence with
with thethe obtained
obtained knowledge
knowledge**** including
including patentpatent applications
applications****** Based
Based onon Global
Global Risk
Risk ProﬁleProﬁle ESG
ESG Index
Index

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Universal registration
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Extra-financial
Extra-financial
information
information
Wendel’sWendel’s
subsidiaries
subsidiaries
reviewed
reviewedby an
by independent
an independent
third-party
third-party
body
body

Extra-financial information
Wendel’s subsidiaries reviewed by an independent third-party body

44
4

OPO
E RPA
E TRIAOTNI O
AN
L AGLOG
VO
E RVN
EA
RNA
CN
E CE

■ Stahl has a strict SHE (Safety, Health and Environment) policy that
EXEC
EX
U ET CI VUET ICVOE NCTORN
O TL RGORLOGURPO U P
sets
clear
rules, guidelines
and KPIs for all its manufacturing sites
and
work
With
regards
to safety Stahl has drawn up a zeroMAN
MAAGNE A
Mplaces.
GEENM
T ETNETAM
T E: A M:
tolerance policy towards unsafe acts;

Mitigating the risk:■ Stahl recognizes the challenges for the planet and has aligned its
policies to the 17 Sustainable Development Goals agreed by theUnited Nations in 2015, and to the targets outlined in the Paris
Climate Accord;99
members
members
00
women
women
■ the Stahl Code of Conduct for business partners includes a healthand safety section;■ auditing of Stahl sites is continuous and reporting on safety and■ climate change: in 2015, Stahl established a 5 year target for CO2

emissions reduction (less than 10%). The company achieved that
health, including accidents
target in 2019. CO2 emissions are reported each quarter, and in
R &R
D& Dand incidents, is done monthly and5 focus
5 focusareas
areas
annually;theannual Stahl ESG report;

11
11
~100
~100

research
researchof ofSustainability
Sustainability■ training courses are held continuously throughout■ Stahl’s strict SHE policy covers the risks linked to spills or releases
centers
centersthe company on
chemicals management and handling of flammable materials;• 15• training
15 training
chemists as well as
hours
hours
per
per
FTEof
FTECE certified equipment chemists
■
the
use
is mandated
on averageonaverageassociated training;
• 840
• 840
interns
interns■Stahl
has
identified safety and health risks at customers who use its
followedfollowed
Stahl
Stahl
CEC
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chemicals,
and this also
requiresactiongiven theCampusCampusmodule,module,/ M A/ N
MAAGNE A
MGEENMT ESNYTS TSEYforM
S TSEmitigation,MS
potential
caused by its products to people working at those
impacting
impactinga harm
a
total
total
of 8400of 8400 Indeed many of its customers work in environments
organizations.
% % as the chemical industry. Stahlbeneﬁciaries*
beneﬁciaries*
which
are not as highly regulatedof production
ofaloneproduction
comecomewith other peer
has
taken
action, either
orvolume
in volume
conjunction• 73• active
73 active
patentpatent
from
from
sites
sites
certiﬁedcertiﬁed
ISO
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14001on (1) the safe
families**families** and NGOs,
companies
to
train
users
inISO
these
cases
andand99,7%99,7%fromfrom
ISO
ISO
9001
use of chemicals, (2)thecorrect
useof9001
personal protective

Zero• ZeroDischarge
Discharge
of of
into the environment, including a dedicated spill •team
whoareHazardous
Hazardous
Chemicals
Chemicals
trained regularly;(ZDHC)(ZDHC)
Foundation
Foundation
and andprogram:program:
12741274
products
products• Codeof conductof conduct
based
based
on on
■• Code,ZDHC
energy,spills,releases,
incidentsand environmental KPIs (CO2inin thethe
ZDHC
gateway
gateway
GlobalGlobalCompact
Compactwater, waste) are reported and analysed monthly;• Global• GlobalAutomative
Automative
Declarable
Declarable
Substances
Substances• Stahl• StahlCampusCampus stewardship in the supply chain: Stahl’s
List (GADSL)
List(GADSL)environmental
corporate• Public-private• Public-private
Partnerships
Partnerships■

strategy is to initiate projects that promote transparency
throughout the supply chain. This includes the promotion of
P E OPpractices
PELOEP L E in the industries that the
responsible environmental& S&
O CSIOEC
TStahlY
I E T Yis a Board member of thecompany serves. As an example,
Leather Working Group, the largest leather industry association.
The Leather Working Group (LWG) has developedRAW
R A Wan audit
TMEARTI A
Eto
R
LS
IA
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equipment, and (3) communicating clear rules on exposure
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OthersOthers• Architectural• Architectural& & • Leisure• Leisure& &Interior
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Applications
Applications• Home• HomeFurnishing
Furnishing

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4
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Extra-financial
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Wendel’sWendel’s
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reviewedby an
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OthersOthers• Architectural• Architectural& & • Leisure• Leisure& &Interior
Interior
DesignDesignLifestyleLifestyle• Industrial• Industrial
Applications
Applications• Home• HomeFurnishing
Furnishing

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