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Glossary

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Glossary

Beckry®Mix

Beckry®Mix is a modern concept used for manufacturing and color matching paints. From one concentrated set of bases, it is possible to manufacture a range of paints matching the customer’s performance requirements. Beckry®Mix installation can be precisely designed to the customer’s needs in terms of size and product range.

Chain-up!

At Beckers, we take a holistic value chain approach to sustainability and we are committed to building strong partnerships with our key suppliers. Our suppliers have a significant impact on our performance, so it is important that we monitor and evaluate them too. We use the three-step Chain-up! program to monitor the social and environmental sustainability of all our suppliers and empower them to improve their performance.

Check-In Conversation

All Beckers employees have quarterly one-on-one Check-In Conversations with their manager. The objective is to create a simple but focused dialogue format to stimulate employee self-reflection and feedback together with their manager.  The conversations are documented digitally in the myBeckers internal system. Both managers and employees are provided with information in advance to ensure everyone is clear about the objectives of the conversations, how they should be conducted, and what to do with the outcome.

Circular economy

The circular economy is an economic system that seeks to design out waste through continual use of resources. To do this, circular systems involve reuse, repair, refurbishment and recycling, minimizing resource use and reducing waste, pollution and carbon emissions.

CO2e

CO2e stands for carbon dioxide equivalent and is a term to describe different greenhouse gases in a common unit. CO2e signifies the amount of CO2 that would have the equivalent global warming impact for any type of greenhouse gas.

Code of Conduct

A Code of Conduct is a set of principles, values, standards or rules of behavior that guide the decisions, procedures and systems of an organization in order to respect human rights and environmental standards.

CSR

Corporate Social Responsibility (CSR) is a business approach that contributes to sustainable development by delivering economic, social and environmental benefits for all stakeholders. The purpose of CSR is to drive change towards sustainability.

EcoVadis

EcoVadis is an independent ratings platform used by organizations of all shapes and sizes to assess CSR and sustainable procurement practices.

EKPI

EKPI stands for Environmental Key Performance Indicator and describes indicators that measure important environmental objectives, such as energy use, waste generation and VOC emissions.

Emission calculation approach

A location-based method reflects the average emissions intensity of grids on which energy consumption occurs, whereas a market-based method reflects emissions from electricity that companies have purposefully chosen.

Functional sustainability

Functional sustainability is what the coating system does for the overall sustainability of the object it coats. A functionally sustainable coating system helps with challenges in our society, such as pollution or energy generation. It adds to the product lifetime and/or its energy efficiency; it reduces material use or improves the well-being of people coming in contact with it.

GHG

GHG stands for greenhouse gas and describes a gas that absorbs and emits radiant energy. Greenhouse gases cause the greenhouse effect and are therefore responsible for climate change.

GHG Protocol

The Greenhouse Gas (GHG) Protocol provides standards for accounting and reporting, sector guidance, tools and training. It represents a global framework for measuring and managing emissions.

Global Support Committee

The Beckers Global Support Committee supports the Executive Committee in driving the Group strategy. The members of the Committee meet once per month and the key functions represented are: Sustainability, IT, R&D, Procurement and Supply Chain, Health and Safety and Legal.

GRI

The Global Reporting Initiative (GRI) is a global, network-based non-profit organization that publishes the world’s most commonly-used guidelines on sustainability reporting.

HAP-free solvents

Hazardous air pollutants (HAPs) are substances that commonly emanate from chemical solvents that have a high rate of evaporation. HAP-free solvents are alternatives without HAPs.

Inbound third-party deliveries

For our calculation of carbon emissions, inbound third-party deliveries include the transportation of raw materials from supplier to a site by our third-party logistics providers. More detailed information on system boundaries and what is included inopen_in_new our climate report.

LCA

A life-cycle assessment or analysis calculates the environmental impact of a product or service at every stage of its manufacture, use and disposal.

LTI

A lost time injury (LTI) is an injury sustained on the job by an employee that results in the loss of work time. An injury at Beckers is considered an LTI when the injured worker cannot come to their next shift.

Material sustainability

Material sustainability indicates how sustainably a coating system is made – from its component raw materials, to its processing and manufacture. Coatings are considered materially sustainable when they are derived from sustainably mined minerals that are not scarce in nature. They must be free from persistent and/or toxic substances and based on renewable or recycled organic raw materials. They are manufactured with minimal climate impact.

Personal Protective Equipment (PPE)

Personal protective equipment (PPE), is equipment worn to minimize exposure to hazards that cause serious workplace injuries and illnesses.

Our Impacts

Our Impacts is a web-based tool for organizations to collect data about their sustainability work, calculate their carbon footprint and set ambitious climate targets. The tool enables a decentralized data collection, suitable for companies spread all over the world and working in different languages. The tool generates reports on the company’s carbon footprint and compiles the results according to the requirements of the GHG Protocol or CDP, depending on your company needs.

Outbound third-party deliveries

For our calculation of carbon emissions, outbound third-party deliveries include the transportation of our final products from our site to the customer by our third-party logistics providers. More detailed information on system boundaries and what is included inopen_in_new our climate report.

Scope 1, 2 and 3 emissions

Scope 1 emissions are direct emissions from owned or controlled sources. Scope 2 emissions are indirect emissions from the generation of purchased energy. Scope 3 emissions are all indirect emissions (not included in Scope 2) that occur in the value chain.

SDGs

In late 2015, the United Nations published 17 global Sustainable Development Goals, to be achieved by 2030. The SDGs are a call to action for all countries to promote prosperity while protecting the planet.

Stream Teams

The Stream Teams (one for each of the three streams within the 2030 Sustainability Strategy) are part of the sustainability governance structure. The Stream Team leader, together with a diverse group of people from different functions and locations, drives the sustainability agenda with the streams Products, People and Operations with Impact.

TCO

The total cost of ownership (TCO) looks at the lifetime costs of a product – from the initial upfront costs, to the ongoing maintenance and eventual end-of-life costs.

TRIR

TRIR is the Total Recordable Incident Rate and a key EHS metric. It is the total number of recordable incidents (TRI) per 100 full-time workers during a one-year period.

UN Global Compact

The Global Compact is an initiative of the United Nations and is based on ten principles for responsible action by companies.

VOC

Volatile organic compounds (VOC), are chemicals that have a high vapor pressure at room temperature. This high vapor pressure results from a low boiling point, which causes large numbers of molecules to evaporate into the surrounding air,
a trait known as volatility.