Since its privatization in 2002, John Cockerill has regularly incorporated social, societal and environmental concerns into its decisions and activities. This natural dynamic was accelerated in mid-2020, when the Board of directors decided to further measure its societal and environmental contribution and improve its impact. The aim was to develop a structured approach, define a roadmap and related objectives, and report transparently on these non-financial indicators. Where are we now?
ESG roadmap
In 2021, the economic context related to the Covid-19 pandemic required significant resources to be mobilized to preserve the company’s interests in the short term. To avoid weakening a highly stretched organization, the initiative was continued, but at a slightly slower pace than expected.
ESG is an international acronym for the environmental, social and governance criteria that generally constitute the three pillars of non-financial performance.
The environmental criterion notably takes waste management, the reduction of greenhouse gas emissions and the prevention of environmental risks into account. The social criterion addresses accident prevention, staff training, respect for employee rights, social dialog, etc. And the governance criterion pays attention to the independence of the Board of directors, the management structure and the transparency of the management bodies.
John Cockerill has chosen to structure its roadmap according to this breakdown. It is structured around five strategic pillars, each accompanied by several commitments. The issues they address are in line with the Sustainable Development Goals of the United Nations.
To date, all the commitments are being deployed. All are not yet accompanied by specific indicators and objectives for the 2030 and 2050 deadlines. Given the diversity of the Group’s activities and locations, this cross-functional methodological work is still in progress. It relies on an ESG project team, which itself coordinates work groups and external advisors. The objective is to deliver all the components of a non-financial report as quickly as possible. A Sustainable Committee will be set up in 2022 to orchestrate the process at Group level. It will report directly to the Board.
The non-financial indicators measured and available to date are published in the pages of this report, with, for the environmental dimension, a focus on carbon emissions that have been avoided or reduced.
Our ESG commitments
Environment
Improving the environmental footprint of our projects, products and services (Eco-conception)
- Improving the environmental footprint of the projects, products and services of our current portfolio
- Measure the footprint of our projects, products and services
- Taking a new look at their conception
- Work on the whole life-cycle of the PPS and even of the value chain of which they form part
- Encourage ESG criteria in our purchasing and assisting our suppliers
- Develop new solutions which contribute to improving the environmental footprint of humanity
- Reinforce technical and process monitoring
- Stimulate innovation and ensure it is financed (M&A, startups, incubator, investment fund …)
Improving the environmental footprint of our organization (Eco-working)
- Measure the environmental footprint of each of our sites
- Reduce waste and optimize its sorting and recycling
- Initiate themed projects: green IT, facility, catering, mobility…
Governance
Deploying exemplary governance
- Consider ESG criteria to be at the same level as financial criteria in making strategic decisions
- Set up extra-financial reporting
- Conform to relevant standards
- Promote Ethics and Compliance