Vesuvius

SUSTAINABILITY IN ACTION - Trinec Factory Sustainability in action: reducing scope 1 CO2 emissions by 19 %. Vesuvius manufacturing site case study. Our challenge: Minimise the gas consumption and CO2 emissions per tonne of product produced in the Vesuvius Trinec factory which uses gas-fired kilns and ovens. Solution: To determine the most energy-intense installations, to track each product's energy consumption with a metering system and analytic tools, and eventually, optimise burner settings and kiln load. Outcomes: Total CO2 emissions reduced by 19% per tonne of product produced in 2023, compared to 2021 reference value. Jiri Bozik Technical Manager from Trinec: “The environment matters to me, and I’m looking for the most efficient methods to reduce CO2 emissions. I focus on three things: 1. Measuring and collecting data and shopfloor information on energy consumption for each product family. 2. In-depth analysis of the reasons behind the excessive energy use. 3. Regular review and open discussions with my colleagues - operators. They significantly impact the kiln's and burners' efficiency and involving them in the energy reduction process is crucial. “ Read more about our journey towards net zero in our 2023 Sustainability Report. Link in the comments. #SustainabilityReport #BetterTommorow #ESG #Netzero #casestudy Photo: Jiri Bozik, Technical Manager, Trinec

Sustainability in Action 0.6 Lost time Injuries (LTIFR) per million hours worked. Key elements that have propelled safety improvements at Vesuvius: Targets: We have set a long-term objective to become a zero-accident company, and yearly targets to gradually achieve it. The Group’s 2023 lost time injury frequency rate target was set at <1 per million hours worked. We have outperformed it with 0.6 LTIFR and set ourselves a stretch goal of 0.5 by the end of 2025. Governance: Safety is at the top of the agenda at all our Group Executive Committee and management meetings. All senior managers perform Executive Safety Tours and follow up on improvement requirements. In 2023, they carried out 195 Executive Safety Tours. Leadership: At a Group level, policies and standards are regularly reviewed and refreshed whilst Group safety audits are made against the policies and standards with the close involvement of our site managers. Employee participation in safety leadership: In 2023, on average, 83% of all Vesuvius employees and directly supervised contractors, participated in safety audits every month. We find this to be a key element of our safety performance. Safety Training: We offer our employees more than 40 targeted safety training programmes; a full list of these programmes is on page 136 of our 2023 Sustainability Report. (Link in the comments) Core Safety Rules: We have eight Core Safety Rules that outline our employees’ basic safety responsibilities. These were rolled out across the organisation as the mandated conduct practices. #SustainabilityReport #BetterTommorow #ESG #Safety #casestudy

Vesuvius sustainability data, progress on our targets, case studies, stories, and much more….. You will find it all in our 2023 Sustainability Report. Highlights below. At Vesuvius, sustainability is not just a buzzword; it is our commitment to creating a better tomorrow for our planet, customers, people, and communities. We have four priorities and nine sustainability targets, each of which plays a crucial role in our journey towards a more sustainable future. 2023 Sustainability highlights: 0.6 - Lost Time Injuries per million hours worked £12.4m - R&D spend dedicated to the development of products contributing to the fight against climate change by reducing CO2 emissions. 83% - Percentage of ongoing new product development projects that were dedicated to market-leading sustainable products. 20.2 % - Pro forma reduction of Scope 1 and Scope 2 CO2e emission intensity per metric tonne of product packed for shipment vs 2019(1,2). 20% - Female representation in the Senior Leadership Group. External recognition from leading rating agencies. MSCI: AA EcoVadis: Gold CDP: A- Dive deep into our 2023 Sustainability Report for more data and initiatives. Link in comments. 1. Re-baselined using pre-acquisition data for the business acquired from Universal Refractories, Inc. (Vesuvius Penn Corporation) and BMC (Yingkou YingWei Magnesium Co., Ltd) 2. Pro forma: performance as if the dolime process had been operating normally in 2023 Image – First page of report #Sustainability #BetterTommorow #ESG #Sustainabilityreport

OUR 2023 ANNUAL REPORT Despite difficult market conditions, our 2023 financial results have seen us achieve the second-most profitable year in our history. Our numbers: Revenue of £1,929m. 3.1% lower versus 2022, reflecting lower volumes in a weaker market, but partially offset by good pricing performance and market share gains in Flow Control and Foundry. We delivered a resilient trading profit of £200.4m, 6.7% lower on an underlying basis vs. 2022 Our sustainability highlights: We have reduced our carbon intensity by 20.2% compared to 2019, achieving our 2025 objective two years ahead of schedule. We're now on track to achieve our next intermediate target of 50% reduction by 2035. Our new products: Launched 21 new products What's next?: We expect to see a return to regular market conditions as the year progresses, which is consistent with external forecasts. Beyond 2024, we anticipate stronger progress, supported by the benefits of our cost savings program, together with innovation and significant capacity investments in growing markets. Read the full report. Link in the comments #annualreport #vesuvius #results

Vesuvius recently held a Capital Markets Day to build understanding of what we do among investors, explain the strength of our Vesuvius business model and the outlook for our business. You can watch a short video of the day below and check out the full presentation on our website.

Sustainability is at the heart of our business, and we are very proud of our progress to date, as exemplified by the external recognition of the rating agencies. Recently, we earned a Gold Medal from EcoVadis https://ecovadis.com/, which places us in the top 3% of the more than 100,000 companies rated by this assessment platform. Congrats and to everyone who supported the programme. #EcoVadisSuccessStory #Vesuvius #Sustainability #ESG 

Vesuvius Group Strategy Intern   Vesuvius plc is a global manufacturing company with operations in over 40 countries listed on the London stock exchange (LSE: VSV).   We’re looking for a current or incoming MBA/Master’s student to join us for an exciting 3-month paid internship. Working alongside the Group Head of Strategy Sophie Day, you’ll play a pivotal role in the strategy team. During the 3-month paid internship, you’ll work to develop and refine the 2024 strategic plan across all business units, and ensure consistency at the Vesuvius Group level, through collaborating with the regional, business unit, and executive leadership teams. There will be countless opportunities to get to know our senior leadership teams (inc. CEO, CFO) and you’ll have the opportunity to assist in the advancement of our strategic projects (inc. M&A, digitisation & sustainability).   To find out more about this role and how to apply please refer to the attached job description, and reach out to Sophie Day (Sophie.Day@vesuvius.com) with any questions you may have!

Today we announced H1 2023 results. “Despite difficult market conditions, especially in the steel sector, we have performed well in the first half of the year, exceeding expectations, thanks, in particular, to a very resilient pricing performance. The Foundry division has confirmed its recovery, which should continue in 2024 when the destocking movement in the Foundry sector will have come to an end. We expect to maintain pricing discipline in the second half of the year, and we are progressing our efforts to gain market share through technological differentiation. As a consequence, noting typical seasonality and despite remaining macro-economic uncertainties, we feel confident to modestly increase our full year expectations.” Patrick Andre Chief Executive https://lnkd.in/d8kjiRZ