An innovative approach to ESG
TKH operates in a socially responsible manner, and we continuously seek to increase the contribution we make to a sustainable society. Our commitment to ESG guides us by setting a clear direction, while also helping to support our customers – and the entire value chain – in driving meaningful change and achieving their own sustainability targets.
Environmental mindset
Sustainability is a strategic priority. Our operating companies have implemented all relevant ISO environmental standards. By integrating sustainability into every aspect of our business, we are minimizing energy use, greenhouse gas emissions, waste, and raw materials.
Our ambitious plans for mitigating our impact on the environment include becoming carbon neutral for Scope 1 & 2 emissions by 2030. We will also set our goals in line with the latest climate science, which aims to restrict global warming to no more than 1.5°C above preindustrial levels.
We focus on maximizing resource efficiency and minimizing waste by re-using and recycling resources throughout our value chain. Our concrete goals include limiting waste of key production raw materials such as copper, aluminium and plastics to no more than 5%, while recycling at least 80% of most relevant production raw material waste.
ESG in action: our Environmental targets
- 100%Carbon Neutrality (scopes 1 and 2) by 2030
Carbon neutral by 2030 (Scopes 1 & 2)
100%Carbon Neutrality (scopes 1 and 2) by 2030
- <5%Waste of most relevant production raw materials<5%Waste of most relevant production raw materials
- >80%Recycling most relevant production raw material waste>80%Recycling most relevant production raw material waste
Socially responsible
We have a duty to be a socially-responsible employer. We aim to provide our employees with a diverse, safe, supportive, and motivating work environment. We make a positive difference to the communities in which we operate.
We firmly believe that a culture of diversity, inclusion and belonging creates a better performing company. We maintain an inclusive workplace that values every individual, providing all the support required to help employees work safely and reach their full potential by developing inspiring and rewarding careers.
ESG in action: our Social targets
- 25%Female employees in executive and senior management25%Female employees in executive and senior management
- <1.0LTIFR (Lost Time Injury Frequency)<1.0LTIFR (Lost Time Injury Frequency)
- <4.0%Illness rate<4.0%Illness rate
- >7.5Employee satisfaction score>7.5Employee satisfaction score
- >7.8Customer satisfaction score (above benchmark)>7.8Customer satisfaction score (above benchmark)
Good governance
Good governance is the cornerstone of any strong organization. We conduct our business with integrity, accountability, and transparency. We engage stakeholders and share our performance through dedicated events, publications, and channels. And we are fully committed to complying with all relevant governance laws and regulations.
We integrate sustainability throughout our business and our supply chain, with a clear focus on our six UN Sustainable Development Goals.
ESG in action: our Governance targets
- 100%Employees acting in accordance with Code of Conduct
Code of Conduct
100%Employees acting in accordance with Code of ConductNumber of breaches reported
- >90%Signing of Code of Supply by strategic suppliers
Code of Supply
>90%Signing of Code of Supply by strategic suppliersCode of Supply
Our ESG ratings
We engage with several environmental, social, and governance (ESG) rating agencies. These regularly assess our performance when it comes to ESG.
| ESG rating | 2024 | 2023 | 2022 |
|---|---|---|---|
| MSCI | AA | AA | AA |
| Sustainalytics | 19.0 (low risk) | 21.1 (medium risk) | 26.2 (medium risk) |
| CDP | B | C | D |