Uponor Corporation’s Sustainability Review 2022 published

Uponor Corporation, Press Release, 10 March 2023 at 21:00 EET

Uponor Corporation’s Sustainability Review 2022 published

Uponor Corporation has today published its Sustainability Review 2022 on the company’s website at uponorgroup.com.

“At Uponor, we believe that water holds the key to a sustainable future. Water is a scarce, yet fundamental resource with a tremendous potential to provide health, comfort, and efficiency when moved through Uponor’s piping systems. When we drafted our new growth strategy in 2022, it was clear that sustainability would be a key element that steers everything we do. This ambition is also strongly present in our vision of being the leader in sustainable water solutions, and our purpose of unlocking the potential of water to protect the place we call home.

Following our strategy update, we also renewed our Sustainability Agenda with ambitious targets to aim for. In 2022, we made good progress towards these targets, in particular, with regards to our aim of having a sustainable alternative for 50% of the product portfolio by 2027. We launched new sustainable ‘Blue’ products including the world’s first bio-based PEX pipes, with an up to 90% smaller carbon footprint than in fossil-based PEX pipes. This is the direction we are taking, and I am pleased to see positive interest in the construction industry towards our product range based on renewable materials. Together with our value chain partners, we completed the technical development of a closed loop chemical recycling process for PEX, allowing Uponor to recycle its PEX waste back to new PEX pipes – also an industry first.

In our own operations, we decided to set ourselves new, more ambitious climate targets after reaching the previous ones ahead of schedule. We now aim for a 75% reduction in GHG emissions from our own operations compared to the 2019 level by 2027. In 2022, we surpassed this target as emissions reduced by 83%. In addition, we want to reduce supply chain emissions by 20%. During 2022, we also set ourselves a net zero target for 2040. We submitted these targets for validation by the Science Based Targets initiative in 2022. Strong focus on improving our safety performance also continued.

Uponor is well positioned to seize the opportunities created by the growing demand for energy-efficient heating and cooling systems, as well as for sustainable systems for safe and clean water. To execute our growth strategy and lead the construction industry to net zero, we will continue to innovate sustainable products and explore the possibilities of circular economy, together with our customers, suppliers, and employees,” says Michael Rauterkus, President and CEO, Uponor Corporation.

The Sustainability Review 2022 has been prepared in accordance with the Global Reporting Initiative (GRI) Standards, and it has been assured by an independent third party. The Sustainability Review 2022 can be downloaded from the Group website at https://www.uponorgroup.com/en-en/investors/reports-and-presentations/annual-publications/2022.

Further information:
Franciska Janzon
Senior Vice President, Corporate Communications and IR
Uponor Corporation
Tel. +358 (0)20 129 2821

Uponor in brief
Uponor is a leading global provider of solutions that efficiently and effectively move water through cities, buildings, and homes. We help customers in residential and commercial construction, municipalities, and utilities, be more productive – and continuously find new ways to conserve, manage and provide water responsibly, unlocking its potential to provide comfort, health, and efficiency. Our safe drinking water, energy-efficient radiant heating and cooling systems, and reliable infrastructure solutions are sold in more than 80 countries. Uponor employs about 4,000 professionals in 26 countries in Europe and North America.

In 2022, the company’s net sales totalled approximately €1.4 billion. Uponor Corporation is based in Finland and listed on Nasdaq Helsinki. www.uponorgroup.com