Sustainability

Sustainability

Advancing sustainability at Magotteaux

Sustainability isn’t new to us – it’s been part of our story from the start. Since the 1950s, it has been embedded in how we innovate, operate, and help customers enhance their operational efficiency and reach their sustainability goals.

We take purposeful steps to reduce our environmental footprint, enhance product lifecycles, and support people and communities – all while balancing economic priorities in pursuit of sustainability equilibrium.

By advancing a workplace environment – where health and safety are non-negotiable – we aim to protect our employees, safeguard the well-being of local communities where we operate and reinforce our position as a responsible business.

Our sustainability approach

Our commitments

From day one, we’ve been driven by a spirit of continuous improvement and a commitment to building trust – by conducting business responsibly, remaining transparent and delivering meaningful progress.
Reduce Scope 1 and 2 emissions by 42% by 2030 compared to our 2023 baseline.
Reduce Scope 1 and 2 emissions by 42% by 2030 compared to our 2023 baseline.
Our Sustainability-Linked Loan ties financing to verified sustainability outcomes, reinforcing our commitment beyond short-term gains.
Our Sustainability-Linked Loan ties financing to verified sustainability outcomes, reinforcing our commitment beyond short-term gains.
Participate in the Science Based Targets initiative (SBTi), a global effort that helps companies set emissions reduction targets in line with climate science.
Participate in the Science Based Targets initiative (SBTi), a global effort that helps companies set emissions reduction targets in line with climate science.
Advance progress toward the United Nations Sustainable Development Goals (SDGs), designed to address global challenges and achieve a more sustainable future by 2030.
Advance progress toward the United Nations Sustainable Development Goals (SDGs), designed to address global challenges and achieve a more sustainable future by 2030.

Download our latest Sustainability Report

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Creating value for our customers

Sustainability is an integral part of how we develop products, run our operations and deliver value to our stakeholders.

This means constantly looking to enhance the life cycle of our products – designing solutions that perform efficiently, function reliably and help our customers increase their efficiency, cut emissions and water use, and lower costs.

Our commitment to sustainability lies at the heart of our high-performance and long-lasting products, helping to reduce our customers’ operational and maintenance costs.

Closing the loop: scrap buy-back initiative

Closing the loop: scrap buy-back initiative

Through our Scrap Buy-Back initiative, we actively support our customers’ journey toward sustainability. We help manage industrial waste by repurchasing and recycling used materials, reducing environmental impact while extending product lifecycles.

Magotteaux’s global footprint enhances the program’s efficiency by simplifying logistics, cutting emissions, and enabling closed-loop recycling. In 2023, we successfully reused and recycled over 21,000 tons of end-of-life products into new ones.

By applying circular economy principles, we reduce the demand for limited raw materials while delivering sustainable value back to our customers.

Prioritizing health by transitioning to dry cooling systems

Prioritizing health by transitioning to dry cooling systems

Dry cooling systems help minimize our impact on natural resources by reducing water consumption and eliminating evaporation. These systems also lower health risks by reducing exposure to legionella, supporting both environmental responsibility and workplace safety. Several sites have already implemented dry cooling, with more underway.

Supporting local communities

Supporting local communities

We support our local communities through a dedicated community fund. In line with the UN Sustainable Development Goal #4 – Quality Education – at least half of this fund is allocated to educational initiatives, including partnerships with local schools, universities, and training institutions.

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