Comments
from the CEO

We have made significant progress in advancing our sustainability agenda. 2024 was an exciting and dynamic year – a year with key developments, bringing us again one step closer to reaching our ambition to balance growth and innovation with delivering measurable environmental and social impact.

Achievements and milestones

Despite ongoing global economic challenges, we increased our produced volumes in 2024 by 4 percent, reinforcing our position as the global leader in Coil Coatings. Industrial Coatings also demonstrated strong growth potential. Additionally, we invested a record 291m SEK this year, reinforcing our commitment to long-term development. A key milestone was the launch of our Green Lights Strategy, which seamlessly integrates our sustainability and business goals into one cohesive approach. Additionally, we introduced an updated vision, purpose, and promise for Beckers. Our new vision – to raise the standard of care for our world – unites all colleagues at Beckers with and a shared sense of purpose and direction.

We achieved several key sustainability milestones:

• We set near- and long-term science-based emissions reduction targets with the Science Based Targets initiative (SBTi). In March 2025, SBTi approved our targets and verified our net-zero science-based target by 2050. This builds on the foundation we set during 2024 by updating our Climate Strategy to accelerate our decarbonization and defossilization efforts.
• We achieved 50 percent of sales from BSI Achiever Class products, showcasing our leadership in sustainability-driven product innovation.
• Our customers have increasingly adopted sustainable solutions, such as chromate-free primers.
• We accelerated UV/EB innovation, supported by the establishment of FutureLab as a central hub for technological advancement.

Advancing operational excellence and safety

Safety and environmental stewardship remain our core priorities. In 2024, we made significant investments in training, equipment upgrades, and facility modernization (such as reducing manual handling and ventilation) to enhance workplace safety and environmental performance. Trainings and audits were carried out to not only increase awareness and skills, but also to check performance and detect gaps. In 2025, we will further intensify these efforts, ensuring progress on our long-term goals to have state-of-the-art and safe sites.

Leveraging global collaboration

Our strategic reorganization into three major regions—Asia and the Middle East, Europe and Africa, and the Americas—has positioned us to capitalize on growth opportunities. With the launch of our Green Lights Strategy, this structure strengthens collaboration across our local and global teams.

Looking ahead

As we move forward, we remain committed to delivering sustainable innovation and measurable progress. For 2025, we have significantly increased our innovation investments, notably expanding the FutureLab budget to drive technological breakthroughs and support our long-term development goals.

We also launched a global investment program to improve working conditions and reduce our impact on Scope 1 and 2 emissions. Our efforts are aimed at creating tangible benefits for our customers, partners, and the broader community, while ensuring the long-term resilience of our business.

As we look ahead, we recognize that our progress would not be possible without our dedicated people. Among multiple measures geared towards more diversity, we will also conduct our biennial engagement survey in 2025 with all employees to better understand their needs and improve our workplace environment.

2025 presents new opportunities to build on this foundation and reinforce our role as a leader in sustainable solutions. Together, we are poised to achieve an even greater impact in the years to come.