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Global Sustainability Report 2024

This year, to add a further milestone to its sustainability journey, MAPEI presents its third Sustainability Report with a global scope continuing its journey to share the results achieved in the field of sustainability by maintaining direct and transparent communication with its stakeholders as regards the activities undertaken to monitor and reduce the impact of production processes and products on the environment, promoting the activities of its employees and supporting local communities to achieve satisfying economic results.

Sustainability

Sustainability is built into everything we do

Sustainability has long been the distinguishing feature of MAPEI’s operating and production systems. This is why MAPEI publishes a sustainability brochure, aimed at sharing our environmental, social and economic performance as well as our continual commitment to improvement.

Letter to stakeholder

 

marco-e-veronica-squinzi

 

Talking about pillars, values, continuity in these years still marked by profound global transformations may seem contradictory. Yet, remaining steadfast on our sustainability pillar, consistent with our commitment to the planet and people, and continuing our virtuous path toward measuring and improving our environmental performance, we have come to the publication of our ninth Sustainability Report, the third published on a worldwide scope.

In all 59 countries where we are present, we have operated by synergistically and virtuously integrating environmental, social and economic dimensions, interacting with communities and people, to spread the culture of responsible growth that is part of our DNA.

Challenges related to climate change, energy transition and increasing focus on social responsibility have required concrete, timely, and forward-looking responses that have been translated into concrete actions within corporate strategy and day-to-day activities.

In 2024, we further expanded our Zero line to 230 products whose residual CO2 emissions - a total of 300,000 tons - were fully offset through the purchase of certified environmental credits to support reforestation and biodiversity protection projects.

This achievement is the result of an ongoing commitment that involves all phases of our business and guides our daily choices, from designing durable, low-impact solutions to promoting an inclusive culture and supporting local communities.

During the year we continued the global plan of installing photovoltaic systems, intervening in the improvement and efficiency of production processes, helping to reduce the climate-changing emissions of our factories: Thanks to these interventions, in 2024 alone we avoided the emission of more than 1,600 tons of CO2 into the atmosphere. We also continued our journey of calculating Scope 3 indirect GHG emissions, that is, those generated along the value chain, to get an increasingly accurate and detailed picture of the Group's carbon footprint.

In our journey toward sustainability, we see an opportunity to innovate, create value and build a better future. That is why we continue to invest in research and development, collaborating with universities and science centers to offer increasingly high-performance, environmentally friendly and safe solutions for users and applicators.

But to really make a mark, teamwork is key: Today we can count on more than 13,000 employees worldwide, who are our greatest strength. We dedicate training, professional development and welfare initiatives to them, promoting a fair, inclusive and meritocratic work environment. The new version of our Code of Ethics, updated in 2024, further reinforces these principles, reaffirming our commitment to respect for human rights, diversity and inclusion.

During 2024, we also launched our first corporate volunteer project: “Un giorno per gli altri” (“A Day for Others”). An invitation to our people to allocate a portion of their working time to social initiatives promoted by local charities, giving value back to the community.

We also named our commitment to preserving and promoting Italian and international architectural heritage: “MAPEI per la cultura” (“MAPEI for Culture”). A project that has seen us support important cultural institutions and contribute to the restoration of a monument that belongs to all humanity: The Notre-Dame Cathedral.

At MAPEI, we are familiar with the values that culture and sports convey: Passion, tenacity, and commitment to keep growing and improving. Sharing these principles, values and goals has led us to intertwine our story with that of so many around the world, becoming active supporters of initiatives, athletes, teams of all levels, to grow together.

And it was from sports that we learned that when you have a great team, a lot of passion, a lot of ideas and technology to implement them, there is no limit to plans for the future.

Veronica and Marco Squinzi

Corporate CEOs

Sustainability figures

All figures refer to a worldwide scope
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3,900

Million euros distributed to
stakeholders in 2022
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53

Million euros invested
in R&D in 2022
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CO2 emissions linked to the production of certain adhesives and mortars worldwide fully offset by purchase of certified credits in support of forestry protection projects

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69,168

Hours of technical training
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238,000

Participants in 2022
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241,000

Total hours of employee training
(approx. 21 per-capita hours)
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93%

Purchased products (in weight) sourced
from local suppliers1 in 2022
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11,438

Employees in 20222
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-22%

Reduction in the injury frequency rate
in 2022 compared to 2021
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21%

Hiring rate
in 2022
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16%

Employment termination rate
in 2022
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93%

Employees with a permanent
contract
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36

Million euros in contributions invested in sports,
cultural and social initiatives3

1. Local suppliers are suppliers located in the same geographical region as the subsidiaries of reference: Italy, Africa, Latin America, Asia, Western Europe, Eastern Europe, Middle East, North America and Oceania.

2. Note that this number differs from the figure published in the 2022 Consolidated Financial Statements (11,914) because it refers to headcount instead of FTEs and temporary workers are not included. Furthermore, the reporting scope of the two reports does not coincide, as better detailed in section 1.1 Our History: 85 Years of Success at https://www.mapei.com/it/en/sustainability/sustainability-report

3. Note that the value reported here, amounting to €35.8 million, includes €23.3 million allocated by MAPEI Group companies to U.S. Sassuolo Calcio to conduct its activities.

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