Exyte publishes first voluntary Environment, Social, Governance (ESG)

Exyte has published its first voluntary Environmental, Social, and Governance (ESG) report. The report outlines Exyte’s commitment to transparency and continuous improvement ahead of upcoming European Union (EU) reporting requirements. Structured in line with the EU’s Corporate Sustainability Reporting Directive (CSRD), the report offers stakeholders a comprehensive view of how Exyte is integrating sustainability into its business strategy and operations.

For many years, ESG has been a core focus of Exyte’s engineering and the delivery of projects globally. More recently, it has become embedded in the company’s strategic agenda through Exyte’s ESG Strategy. This strategy builds on expert-driven foundations such as clearly defined material priorities and measurable objectives.

Expert-driven foundations such as clearly defined material priorities and measurable objectives. This approach is already delivering results: Exyte’s performance ratings have improved significantly, with EcoVadis awarding a “Committed” status and CDP scoring the company a “B” rating. These recognitions meet or exceed industry benchmarks. In addition, Exyte also meets the specific ESG requirements increasingly expressed by stakeholders such as clients and financial institutions.

Pivotal moment in Exyte’s ESG journey

The publication of Exyte’s first voluntary ESG report 2024 is a pivotal moment in that journey, signaling the company’s determination to exceed expectations and set a benchmark for responsibility and accountability in the high-tech industries. The ESG Report 2024 is available now for all stakeholders, marking the first in a series of annual reports that will provide transparent insights into Exyte’s progress and evolving sustainability ambitions in the years to come.

The ESG Report 2024 already follows the structure and principles of the EU’s CSRD, providing stakeholders with a transparent view of its sustainability strategy and Exyte’s material topics.

“Publishing our first ESG report marks a significant milestone for Exyte. It reflects our deep commitment to fostering sustainability. I am proud of the collective effort across our global team that made this possible, and I look forward to the impact this will have on our journey toward a more sustainable future," says Jochen Oelert, Senior Vice President Corporate Strategy and M and A, including responsibility for Exyte’s Corporate ESG.”

Transparency as a driver of “Fostering Sustainability”

ESG is already deeply embedded in Exyte. It is part of the company’s vision and values and has been formalized as one of Exyte’s Core Competencies, “Fostering Sustainability.” The disclosure activities such as the ESG Report 2024 add further momentum to Exyte’s sustainability journey. Reporting is a crucial part of that because it shows where Exyte stands now as well as where the company is headed.

“Working through the CSRD disclosure requirements has given ESG an enormous push within Exyte,” says Senior ESG Expert Alan Alexander. “Sponsors and topic owners become deeply engaged during the reporting process, which elevates awareness and accountability across the organization.”

Transparency around ESG policies, actions, targets, and metrics (the key elements of reporting on a material topic) are central to this momentum. By clearly communicating measurable outcomes, Exyte promotes internal ownership and motivates teams to continuously improve and to report on the progress.

Anticipating the EU’s new reporting era

The EU’s CSRD regulations will soon apply to all large companies operating in Europe. The regulations set out strict requirements for how businesses disclose their environmental and social impacts, governance structures, and sustainability performance. Based on the latest EU discussions, compliance and reporting for Exyte will likely become mandatory for the fiscal year 2027.

Rather than waiting, Exyte is acting now. “By starting early, we can refine our reporting processes before reporting becomes a legal obligation,” says Jochen Oelert, Senior Vice President Corporate Strategy and M and A, and adds: “We want to be among the frontrunners in ESG disclosure, particularly as an unlisted company.”