Financial targets
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HEXPOL's Contribution To Increased Value For Stakeholders
Customers
HEXPOL is convinced that being ambitious in sustainable development reinforce its relationship with customers. Many customers demands a Code of Conduct and certified environmental management systems. Other requirement concern the phasing out of hazardous chemical substances and sustainability issues being implemented in the supply chain.
Value generated
With cutting-edge expertise in polymer materials and solid knowledge of applications, technical support and constant development, we strengthen our customers' competitiveness in their markets. The Group's sustainability efforts are assessed regularly by customers. Audits and evaluations of the Group companies provided positive assessments of their performance.
Employees
It is important that group retain and develop employees, and also attract new ones.
For employees health, safety, financial compensation, personal development, social conditions and good business ethics are important.
Value generated
During 2024, HEXPOL had 2,826 MSEK (2,913) in personnel costs. The accident rate during the year was, 15.9 (12.1). The number of training hours was 60,000 (87,600). About 3,282 (3,929) employees participated in development interviews. During the year, employee surveys were conducted at 21 units (19). Examples of views and wishes expressed by employees concerned personal development, training, internal communications and team building.
Suppliers
HEXPOL strives for open and long-term relationships with its suppliers. The objective is to guarantee suitable quality, financial stability and active sustainability work for both parties.
Value generated
In 2024, around 1,600 supplier evaluations (1,700) were sent out via questionnaires and 39 audits or site visits were carried out (42). Since the introduction of the Supplier Sustainability Guideline, more than 15,000 suppliers have received the Group's guidelines (Step 1). In Step 2, selected suppliers are asked to make a self-declaration. More than 50 percent (based on purchasing costs) have done so and certified that they accept the Group's Code of Conduct.
Shareholders
For our shareholders, growth and dividends are central in generating value. Integrating sustainability issues into the business strategy reduces risks and generates business opportunities, for example through the development of environmentally-adapted products and through resourceefficient production and investments in environmentally adapted technologies.
Value generated
The dividend to shareholders amounted to 2,067 MSEK (1,240) and, over the past five years, HEXPOL's Class B shares had an total return of about 7 percent per year. During the year, dialogues were conducted with investors and the Group was evaluated by several independent institutions.
Society
Social commitment is an important aspect and is expected by local communities in which the Group operates. As a global company, the Group is expected to take measures contributing to national and global goals for sustainable development.
Value generated
HEXPOL is affiliated to the UN Global Compact and work continued on the UN's global goals for sustainable development. At the local level, the Group collaborated with schools and universities and contributed to healthcare, sports and culture. HEXPOL's tax expense for 2024 amounted to 781 MSEK (822).
Authorities
Compliance with legal requirements is essential for HEXPOL.
Value generated
In 2024, no serious violations of laws and regulations occured.