Financial Year 2025 was Arxada’s fourth year of ESG reporting. Due to this, some data in the report is incomplete. We are committed to increasing the scope of our sustainability data collection and data assurance in future years.
| Performance Indicator | FY25 | Framework |
|---|---|---|
| Organization Name | Herens Midco S.a.r.l. | GRI 2-1 |
| Ownership Status | Private equity, owned by Bain and Cinven funds, holding company. | GRI 2-1 |
| Headquarters Location | Basel, Switzerland. | GRI 2-1 |
| Countries of Operation | See Our Business and Sustainability. | GRI 2-1 |
| Entities in Sustainability Reporting | Troy Corp and Arxada AG. | GRI 2-2 |
| Differences between entity list in financial reporting and sustainability reporting | N/A Audited Financials on Harens Midco S.a.r.l. are non-public information. | GRI 2-2 |
| Reporting period (sustainability and financial reporting) | 01.01.2025 - 31.12.2025 | GRI 2-3 |
| Report cycle | Annual | GRI 2-3 |
| Report publication date | 28.10.2026 | GRI 2-3 |
| Report Contact Point | General enquiries on sustainability email: Sustainability@Arxada.com | GRI 2-3 |
| Restatement of information | N/A | GRI 2-4 |
| External assurance | External assurance was sought for the assessment of embedded KPIs in our Sustainability-Linked Financial Instruments, covering Scope 1 and Scope 2 (location- based and market- based) as well as total waste generated for our Sustainability Report for the reporting year 2025. | GRI 2-5 |
| External assurance | See Our 2025 External Assurance Report from ERM-CVS and Our Business and Sustainability | GRI 2-5 |
| Sector | Chemicals sector | GRI 2-6 |
| Value chain and activities | See Greenhouse Gas (GHG Emissions and Air Quality). | GRI 2-6 |
| Governance structure and composition | See Sustainability Governance. | GRI 2-9 |
| Nomination and selection of the highest governance body | See Sustainability Governance. | GRI 2-10 |
| Chair of the highest governance body | Arxada does not have a formal Chairman of the Board. | GRI 2-11 |
| Role of the highest governance body in overseeing the management of impacts | See Sustainability Governance. | GRI 2-12 |
| Remuneration policies | See Sustainability Governance. | GRI 2-19 |
| Statement on sustainable development strategy | See Our Business and Sustainability. | GRI 2-22 |
| Policy commitments | See Sustainability Governance and Resources & Downloads. | GRI 2-23 |
| Policy commitments | Arxada's policies are approved by the relevant ELT members and boards of the relevant legal entities. | GRI 2-23 |
| Policy commitments | The policies mentioned above are communicated through the Arxada internet, intranet and periodic ethics & compliance training programs, such as our True Office training platform and periodic Legal Department training programs. | GRI 2-23 |
| Embedding policy commitments | See Sustainability Governance. | GRI 2-24 |
| Processes to remediate negative impacts | See Business Ethics. | GRI 2-25 |
| Processes to remediate negative impacts | In the event the company receives claims or complaints from associates or third parties, the Legal Department thoroughly investigates them with the appropriate internal stakeholders and business/functional partners, supported by outside counsel where necessary, and works with internal stakeholders to determine appropriate actions. | GRI 2-25 |
| Processes to remediate negative impacts | Processes involving the Legal Department are periodically reviewed and evaluated as needed, depending on a variety of factors. | GRI 2-25 |
| Mechanisms for seeking advice and raising concerns | The HR and Legal Departments typically support grievance processes. Guidance regarding reporting concerns is included in several company policies (such as some mentioned above), during training programs and during everyday business counselling. | GRI 2-26 |
| Approach to stakeholder engagement | See Business & Sustainability and Advocacy leadership for science-based decision-making for a sustainable future. | GRI 2-29 |
| Performance indicator | FY21 | FY23 | FY24 | FY25 | Framework |
|---|---|---|---|---|---|
| Scope 1*² | 658,222 tCO₂e | 190,865 tCO₂e | 169,838 tCO₂e | 184,674 tCO₂e | GRI 305-1, 305-2, 305-3, 305-5 |
| Scope 2 location-based*³ | 173,871 tCO₂e | 150,175 tCO₂e | 147,839 tCO₂e | 143,358 tCO₂e | |
| Scope 2 market-based*³ | 168,216 tCO₂e | 155,446 tCO₂e | 155,278 tCO₂e | 154,019 tCO₂e | |
| Total Scope 1 and 2 (market-based)*²,³ | 826,438 tCO₂e | 346,311 tCO₂e | 325,116 tCO₂e | 338,693 tCO₂e | |
| Original Scope 3⁴ (restated FY22 & FY23)⁵ | 1,725,106 tCO₂e | 1,915,755 tCO₂e | 1,461,848 tCO₂e | – | |
| Improved Scope 3⁴ (restated FY21 - FY24)⁵ | 2,404,954 tCO₂e | 1,863,389 tCO₂e | 1,888,256 tCO₂e | 1,976,086 tCO₂e | |
| Total Scope 1, 2 (market-based) and original Scope 3 emissions | 2,551,544 tCO₂e | 2,262,066 tCO₂e | 1,786,964 tCO₂e | – | |
| Total Scope 1, 2 (market-based) and improved scope 3 emissions | 3,231,392 tCO₂e | 2,209,700 tCO₂e | 2,213,372 tCO₂e | 2,314,779 tCO₂e | |
| Base year | 2021 | ||||
| Consolidation approach | Operational control | ||||
| Standards, methodologies, assumptions and calculation tools | GHG Emissions are defined as Scope 1, 2 and 3 greenhouse gas emissions of the Group, determined in accordance with the Scope 1, 2 and 3 guidance of the GHG Protocol Corporate Accounting and Reporting Standard. |
| Performance indicator | FY21 | FY23 | FY24 | FY25 | Framework |
|---|---|---|---|---|---|
| NOx6 | 75.0 t | 61.3 t | 56.4 t | 63.5 t | GRI 305-7, SASB RT-CH-120a.1 |
| SOX | 3.8 t | 2.7 t | 2.5 t | 2.4 t | |
| VOCs | 166.3 t | 189.3 t | 176.0 t | 188.2 t | |
| PM10 | 51.4 t | 38.2 t | 41.6 t | 41.4 t |
| Performance indicator | FY21 | FY23 | FY24 | FY25 | Framework |
|---|---|---|---|---|---|
| Total energy consumed | 5,616,650 GJ | 5,026,890 GJ | 4,942,308 GJ | 4,414,921 GJ | SASB RT-CH-130a.1 |
| % grid electricity | 30% | 32% | 34% | 34% | |
| % renewable | 5% | 1% | 0.1% | 0.1% |
| Performance indicator | FY21 | FY23 | FY24 | FY25 | Framework |
|---|---|---|---|---|---|
| Third-party waste management | See Supplier Code of Conduct. Additionally, legislative compliance is administrated locally based on local legislation. | See Supplier Code of Conduct. Additionally, legislative compliance is administrated locally based on local legislation. | See Supplier Code of Conduct. Additionally, legislative compliance is administrated locally based on local legislation. | See Supplier Code of Conduct. Additionally, legislative compliance is administrated locally based on local legislation. | GRI 306-2, 306-3, 306-4, 306-5 |
| Total waste generated* | 70,717 t | 48,729 t | 41,257 t | 44,056 t | |
| Hazardous waste generated | 57,670 t | 40,844 t | 34,221 t | 34,359 t | |
| Non-hazardous waste generated | 13,047 t | 7,885 t | 7,036 t | 9,698 t | |
| Hazardous waste recycled | 6,899 t | 5,417 t | 8,177 t | 9,185 t | |
| Non-hazardous waste recycled | 2,522 t | 1,661 t | 1,455 t | 1,812 t | |
| Hazardous waste incinerated | 34,671 t | 28,851 t | 21,050 t | 23,664 t | |
| Hazardous waste sent to landfill | 3,034 t | 282 t | 228 t | 361 t | |
| Hazardous waste disposed (other options) | 13,064 t | 6,293 t | 4,767 t | 1,148 t | |
| Non-hazardous waste incinerated | 1,573 t | 1,661 t | 1,640 t | 1,767 t | |
| Non-hazardous waste sent to landfill | 8,951 t | 4,563 t | 3,940 t | 6,119 t | |
| Location of disposal | 100% of waste captured is directed to offsite disposal. | 100% of waste captured is directed to offsite disposal. | 100% of waste captured is directed to offsite disposal. | 100% of waste captured is directed to offsite disposal. |
| Performance indicator | FY22 | FY23 | FY24 | FY25 | Framework |
|---|---|---|---|---|---|
| % of products containing GHS category 1 and 2 health and environmental hazardous substances.¹ | 77% | 76% | 77% | 81% | SASB RT-CH-410b.1, RT-CH-410b.2 |
| % of products containing GHS category 1 and 2 health and environmental hazardous substances with a hazard assessment² | 100% | 100% | 100% | 100% | SASB RT-CH-410b.1, RT-CH-410b.2 |
| Management of the legal & regulatory environment | See Advocacy leadership for science-based decision-making for a sustainable future | See Advocacy leadership for science-based decision-making for a sustainable future | See Advocacy leadership for science-based decision-making for a sustainable future | See Advocacy leadership for science-based decision-making for a sustainable future | SASB RT-CH-530a.1 |
| Child labor and forced or compulsory labour | See Supplier Code of Conduct | See Supplier Code of Conduct | See Supplier Code of Conduct | See Supplier Code of Conduct | GRI 408-1, 409-1 |
| Suppliers screened using environmental and social criteria, as set forth in the updated Supplier Code of Conduct.³ | Our suppliers are expected to adhere to our Supplier Code of Conduct, which outlines strict guidelines related to environmental sustainability, human rights protection, labor practices, social standards and protection against discrimination. It is imperative that our suppliers demonstrate a clear commitment to upholding these standards in their operations. | Our suppliers are expected to adhere to our Supplier Code of Conduct, which outlines strict guidelines related to environmental sustainability, human rights protection, labor practices, social standards and protection against discrimination. It is imperative that our suppliers demonstrate a clear commitment to upholding these standards in their operations. | Our suppliers are expected to adhere to our Supplier Code of Conduct, which outlines strict guidelines related to environmental sustainability, human rights protection, labor practices, social standards and protection against discrimination. It is imperative that our suppliers demonstrate a clear commitment to upholding these standards in their operations. | Our suppliers are expected to adhere to our Supplier Code of Conduct, which outlines strict guidelines related to environmental sustainability, human rights protection, labor practices, social standards and protection against discrimination. It is imperative that our suppliers demonstrate a clear commitment to upholding these standards in their operations. | GRI 308-1,414-1 |
| % Direct spend covered by Supplier Code of Conduct | 81% | GRI 308-1, GRI 414-1 |
| Performance indicator | FY22 | FY23 | FY24 | FY25 | Framework |
|---|---|---|---|---|---|
| Process to identify work-related risks | — | See Creating a Health and Safety Culture and Management and Auditing of Sites for more information | See Creating a Health and Safety Culture and Management and Auditing of Sites for more information | See Creating a Health and Safety Culture and Management and Auditing of Sites for more information | GRI 403-2, 403-8 |
| Number of comprehensive SIF prevention inspections | 502 | 1,994 | 2,817 | 2,335 | |
| Percentage of operation sites where health & safety risk assessments have been conducted | 100% | 100% | 100% | 100% | |
| Number of sites where global audits have been conducted | 19 | 9 | 1 | 12 | |
| Total Recordable Incident Rate (TRIR)* | 1.21 | 0.87 | 0.81 | 1.28 | GRI 403-9, SASB RT-CH-320a.1,RT-CH-320a.2 |
| Total Recordable Fatality Rate (TRFR) | 0 | 0 | 0 | 0 | |
| Lost Time Injury Frequency Rate (LTIFR)²* | 0.41 | 0.38 | 0.46 | 0.66 | |
| Associate training on occupational health and safety | Training conducted at site level according to local legislation. | Training conducted at site level according to local legislation. Additionally, see Safer Together at Arxada and Creating a Health and Safety Culture for more information | Training conducted at site level according to local legislation. Additionally, see Safer Together at Arxada and Creating a Health and Safety Culture for more information | Training conducted at site level according to local legislation. Additionally, see Safer Together at Arxada and Creating a Health and Safety Culture for more information | GRI 403-5 |
| Individual associate safety engagements⁴ | 17.451 | 74.593 | 84.682 | 64,201 |
| Performance indicator | FY22 | FY23 | FY24 | FY25 | Framework |
|---|---|---|---|---|---|
| Process Safety Incidents Count (PSIC) | 38 | 29 | 30 | 18 | SASB RT-CH-540a.1, RT-CH· 540a.2 |
| Process Safety Total Incident Rate (PSTIR) | 0.98 | 0.68 | 0.87 | 0.54 | |
| Number of transport incidents⁵ | 0 | 0 | 1 | 1 |
| Performance indicator | FY22 | FY23 | FY24 | FY25 | Framework |
|---|---|---|---|---|---|
| Senior leadership gender diversity Female | 46 - 23% | 54 - 26% | 69 - 29% | 81 - 33% | GRI 405-1 |
| Senior leadership gender diversity Male | 158 - 77% | 157 - 74% | 174 - 71% | 160 - 66% | |
| Gender diversity Female | 934 - 25% | 691 - 26% | 870 - 27% | 857 - 27% | |
| Gender diversity Male | 2,866 - 75% | 2,013 - 74% | 2,388 - 72% | 2,334 - 72% | |
| Gender diversity Not declared | 0.15% | <0.5% | <0.5% | <0.5% | |
| Non-discrimination | See our Code of Conduct | See our Code of Conduct | See our Code of Conduct | See our Code of Conduct | GRI 406-1 |
| Performance indicator | FY22 | FY23 | FY24 | FY25 | Framework |
|---|---|---|---|---|---|
| Percentage of associates who responded to Insight2Action survey | 73% | 71% | 79% | 81% | These disclosures are not aligned with GRI or SASB. We collect and use this data to track our employee engagement and report against our relevant target. |
| D&I Score | 7.8/10 | 7.5/10 | 7.8/10 | 7.9/10 | These disclosures are not aligned with GRI or SASB. We collect and use this data to track our employee engagement and report against our relevant target. |
| Health & Wellness | 7.6/10 | 7.3/10 | 7.5/10 | 7.5/10 | These disclosures are not aligned with GRI or SASB. We collect and use this data to track our employee engagement and report against our relevant target. |
| Average eNPS score | 10 | -17 | 6 | 17 | These disclosures are not aligned with GRI or SASB. We collect and use this data to track our employee engagement and report against our relevant target. |
| Performance indicator | FY22 | FY23 | FY24 | FY25 | Framework |
|---|---|---|---|---|---|
| Total employees | 3,600 | 3,400 | 3,350 | 3200 | SASB RT-CH-540a.1, RT-CH· 540a.2 |
| New hire gender diversity (excludes Troy and ET) | 157 hires in 2022 | 425 hires in 2023 | 292 hires in 2024 | 323 hires in 2025 | GRI 401-1, 401-2, 401-3 |
| Female 23% | Female 36% | Female 32% | Female 31% | ||
| Male 53% | Male 63% | Male 67% | Male 68% | ||
| Not declared 24% | Not declared 2% | Not declared 1% | Not declared 1% | ||
| Turnover gender diversity³ | The total turnover rate for 2022 is 17.25%. We are unable to provide a turnover rate by gender for 2022. | The total turnover rate for 2023 is 16.7%. The turnover rate by gender was Female 26% and Male 74%. | Total turnover rate for 2024 is 16.0%. The turnover rate by gender was Female 30.8% and Male 68.6% (Others 0.6%). | The total turnover rate for 2025 is 15.7%. The turnover rate by gender was Female 26.2% and Male 73.4% (Others 0.4%) | GRI 401-1, 401-2, 401-3 |
| Full-time employee benefits | For U.S. FTEs: • Medical • Dental • Vision • Life insurance • Disability coverage • 401k participation | For U.S. FTEs: • Medical • Dental • Vision • Life insurance • Disability coverage • 401k participation See Associate Benefits | For U.S. FTEs: • Medical • Dental • Vision • Life insurance • Disability coverage • 401k participation See Associate Benefits | For U.S. FTEs: • Medical • Dental • Vision • Life insurance • Disability coverage • 401k participation See Associate Benefits | |
| Significant locations of operation | See Our Business & Sustainability | See Our Business & Sustainability | See Our Business & Sustainability | See Our Business & Sustainability | |
| Parental leave entitlement female | Variable by region and location | Variable by region and location | Variable by region and location | Variable by region and location | |
| Parental leave entitlement male | Variable by region and location | Variable by region and location | Variable by region and location | Variable by region and location | |
| Parental leave female | 1 (based on last 6 months of 2022 only; U.S.) | 7 (U.S.) | 21 Globally | 17 Globally | |
| Parental leave male | 1 (based on last 6 months of 2022 only; U.S.) | 5 (U.S.) | 18 Globally | 4 Globally | |
| Community relations | See Community Involvement | ||||
| Training & education | See Attracting, Enabling & Engaging a Diverse Workforce and Health & Safety | See Attracting, Enabling & Engaging a Diverse Workforce and Health & Safety | See Attracting, Enabling & Engaging a Diverse Workforce and Health & Safety | See Attracting, Enabling & Engaging a Diverse Workforce and Health & Safety | GRI 404-2 |
| % Employees who received sustainability training*⁴ | 76.30% | ||||
| % Employees who received cyber security training⁴ | 92.00% | ||||
| % Employees who received ethics & compliance training⁴ | 88.50% |
Planet Pillar
¹ The scope of our Planet Pillar data, excluding only our Scope 3 data, includes all manufacturing sites with FTE > 10 (note, Auckland New Zealand and Trentham Australia manufacturing sites are included even though they have less than 10 FTEs) and Pilot Manufacturing sites with FTE > 45. Emissions and waste from offices are not included, as these are not material to Arxada’s overall emissions and waste.
² Scope 1 emissions include the direct emissions to air from our operations, including CO₂, N₂O, CH₄, from fuels (e.g., LPG and Fuel Oil). Arxada does not have emissions from PCF, HFCs or SF₆.
³ Scope 2 emissions are composed of purchased electricity and steam. For European locations the applicable AIB residual mix factors have been used.
⁴ Scope 3 data include Arxada (legacy LSI), Troy and Envirotech. The original Scope 3 inventory excludes the following categories: Upstream leased assets (Cat. 8), Processing of sold products (Cat. 10), Use of sold products (Cat. 11), End-of-life treatments of sold products (Cat.12), Downstream leased assets (Cat.13), Franchises (Cat.14), Investments (Cat.15). The improved Scope 3 inventory includes Use of sold products (Cat.11) and End-of-life treatments of sold products (Cat.12). For Fuel & Energy related Emissions (Cat. 3) and Waste generated in Operations (Cat. 5), the footnote 1 scope limitations apply.
⁵ The original 2022 and 2023 Scope 3 values have been restated to account for missed data from Troy and Envirotech.
The improved 2021 - 2024 Scope 3 values have been recalculated as we worked with a consultant to align the improved methodology across all years and implemented it into our new sustainability reporting system. Our SBTi targets are based on the original methodology and will be revised as a next step.
⁶ NOx emissions do not include N₂O, which is included in our Scope 1.
* Metrics have been assured by ERM CVS. For more information, please see the External Assurance Report which details the scope, activities and conclusion of their engagement. Arxada’s Basis of Reporting document outlines the scope, principles, and methodologies Arxada applies in preparing the environmental and safety data for this report and other public communications.
Preservation Pillar
¹ Value is calculated for classified products; products that are not classified with relevant hazards but contain individual classified components are not considered. The percentage is given based on the number of SKUs in SAP (stock keeping units = material numbers). Wood Protection, Crop Protection NZ, Troy (as of 2024 Troy EMEA included) and Enviro Tech are not included within this calculation.
² Value applies to the entire Arxada portfolio.
³ Please see the 'Responsible Sourcing' report section on how we monitor and assess our suppliers.
* Both TRIR and LTIFR have been limited assured by ERM CVS. For more information please see the External Assurance Report which details the scope, activities, and conclusion of their engagement. Arxada’s Basis of Reporting document outlines the scope, principles, and methodologies Arxada applies in preparing the environmental and safety data for this report and other public communications.
People Pillar
¹ Unless otherwise noted, the data covers 100% of our workforce, including Arxada (legacy LSI), Troy and Enviro Tech.
² Rates are calculated as the number of injuries or incidents in the reporting period x 200,000 / Total hours worked in the reporting period. ³ In 2022 and 2023 the data provided is only for Arxada (legacy LSI). For 2024 and 2025 this represents 100% of the company.
⁴ Total Employees (Headcount Finance View: 3268) used as denominator for 2025 training data.
⁵ 1 DOT Reportable Incident, 6 non-DOT reportable/recordable incidents.
* Metrics have been assured by ERM CVS. For more information, please see the External Assurance Report which details the scope, activities and conclusion of their engagement. Arxada’s Basis of Reporting document outlines the scope, principles, and methodologies Arxada applies in preparing the environmental and safety data for this report and other public communications.
Use biocides and chemicals safely. Always read the label and product information before use.
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