UN Global Compact 2023 Communication on Progress

COMMUNICATION ON PROGRESS QUESTIONNAIRE

Governance
Policies and Responsibilities
What is the time period covered by your Communication on Progress? (MM/YYYY) – (MM/YYYY)
01/2022 - 12/2022
G1. Does the board/highest governance body or most senior executive of the company:
Linked to: GRI Disclosures 2-12, 2-14, 2-22 (2021)
(Multiple choice -Select all that apply)
Issue an annual statement about the relevance of sustainable development to the company
Issue an annual statement that addresses impacts on both people and the environment
Issue an annual statement highlighting a zero tolerance for corruption
Sign off on organizational sustainability targets
Supervise Environmental, Social, and Governance reporting
Regularly review potential risks related to the business model
None of the above
Please provide additional explanation:
Sustainability Report, and supporting communications such as TCFD reporting, published annually
G2. Does the company have a publicly stated commitment regarding the following sustainability topics?
Linked to: GRI Disclosure 2-23 (2021)
(Matrix – Select one answer option per line)
No, this is not a current priority
No, but we plan to within the next two years
Yes, and the commitment is focused on our own operations
Yes, and the commitment includes our own operations and suppliers
Yes, and the commitment includes our own operations and the value chain (including suppliers, consumers, communities, other business relationships)
Human Rights
Labour Rights/ Decent Work
Environment
Anti-Corruption
Please provide additional explanation:
Policies are described in our Sustainability Reports

G3. Does the company have in place a code of conduct regarding each of the following sustainability topics?
Linked to: NASDAQ G6.1; GRI Disclosure 2-23 (2021)
(Matrix – Select one answer option per line)

No, this is not a current priority
No, but we plan to within the next two years
Yes, focused on employee conduct
Yes, focused on employees and suppliers
Yes, focused on our own operations and the value chain (including suppliers, consumers, communities, other business relationships)
Human Rights
Labour Rights/ Decent Work
Environment
Anti-Corruption
Please provide additional explanation:
Our Code of Conduct is described in our Sustainability Reports
G4. Has the company appointed an individual or group responsible for each of the following sustainability topics?
Linked to: GRI Disclosure 2-13 (2021)
(Matrix – Select one answer option per line)
No one is specifically responsible for this topic
Yes, with limited influence on outcomes (e.g., limited access to internal information, limited decision-making authority)
Yes, with moderate influence on outcomes (e.g., has access to relevant information, reports to senior manager)
Yes, with direct influence of some outcomes (e.g., has access to relevant information, includes one or more senior manager with decision making rights)
Yes, with direct influence at the highest levels of the organization (e.g., has access to relevant information, includes most senior members of organization)
Human Rights
Labour Rights/Decent Work
Environment
Anti-Corruption
Please provide additional explanation:
Details can be found in our Annual Reports, please refer to the GRI Index of the Sustainability Reports.
G5. Does the company have a formal structure(s) (such as a cross-functional committee) to address each of the following sustainability topics?
Linked to: GRI Disclosures 2-9, 2-13 (2021)
(Matrix – Select one answer option per line)
No formal structure
Yes, and with limited influence on outcomes (e.g., limited access to internal information necessary to understand risks, poor representation from relevant departments or functions)
Yes, with moderate influence on outcomes (e.g., it includes representatives of some functions, departments, or business units most relevant for addressing the risks concerned, has access to relevant information, reports to senior manager)
Yes, with direct influence on some outcomes (e.g., it includes representatives of functions, departments, or business units most relevant for addressing the risks concerned, has access to relevant information, it involves one or more members of senior management)
Yes, and with direct influence at the highest level of the organization (e.g., full access to relevant information, it involves members at highest level of organization)
Human Rights
Labour Rights/Decent Work
Environment
Anti-Corruption
Please provide additional explanation:
Prevention
G6. Does the company have a process or processes to assess risk?
Linked to: GRI Disclosure 205-1 (2016)
(Matrix – Select one answer option per line)
No, this is not a current priority
No, but we plan to within the next two years
Yes, related to our own operations
Yes, related to our own operations and suppliers [Prompts G6.1]
Yes, related to our own operations and the value chain (including suppliers, consumers, communities, other business relationships) [Prompts G6.1]
Human rights risks
Labour rights risks
Environmental risks
Corruption risks
Please provide additional explanation:
G6.1 During the assessment of risk, has your company reviewed those suppliers and/or other business relationships where the risk related to human rights, labour, environment and/or anti-corruption may be particularly severe?
(Matrix – Select one answer option per line)
No
Yes
Human rights risks
Labour rights risks
Environmental risks
Corruption risks
Please provide additional explanation:
Human rights risk assessments, human rights related transparency assessments, supplier audits are carried out. Please refer to our Sustainability Reports for detail.
G7. Does the company have a due diligence process through which it identifies, prevents, mitigates, and accounts for actual and potential negative impacts on sustainability topics?
Linked to: GRI Disclosures 2-12, 2-23-a-ii, 3-1, 3-3-d (2021)
(Matrix – Select one answer option per line)
No, this is not a current priority
No, but we plan to within the next two years
Yes, related to our own operations
Yes, related to our own operations and suppliers [Prompts G7.1]
Yes, related to our own operations and the value chain (including suppliers, consumers, communities, other business relationships) [Prompts G7.1]
Human rights risks
Labour rights risks
Environmental risks
Corruption risks
Please provide additional explanation:
During 2022, the Group continued the due diligence review of our third-party representatives and intermediaries. Following the prior years’ enhanced review of sales agents, custom clearance agents, distributors and logistics providers, we conducted repeat due diligence. We also conducted due diligence on any new third parties introduced into the organisation. Our due diligence processes will continue to be extended using a risk-based approach during 2023 and beyond.
G7.1 During the due diligence process, has your company reviewed those suppliers and/or other business relationships where the risk of adverse impacts on human rights, labour, environment and/or anti-corruption may be particularly severe?
Linked to: GRI Disclosures 2-23-e, 3-1 (2021)
(Matrix – Select one answer option per line)
No
Yes
Human rights risks
Labour rights risks
Environmental risks
Corruption risks
Please provide additional explanation:
DD, Code of Conduct, Governance, Policies, Procurement processes, risk assessments, and standard procedures in place to test for severe risks.
Concerns and Grievance Mechanisms
G8. Are there any processes through which members of the company’s workforce can raise concerns about the company’s conduct related to human rights, labour rights, environment, or anti-corruption?
Linked to: Reporting Guidance on the 10th Principle Against Anti-corruption – B3; GRI Disclosure 2-26 (2021)
(Radial – Select One)
No, this is not a current priority
No, but we plan to within two years
Yes, we have an informal process (e.g., through supervisors, others) [Prompts G8.1]
Yes, we have a formal process [Prompts G8.1]
Please provide additional explanation:
Vesuvius provides a whistleblowing channel (Speak Up) for all employees, customers, and suppliers of the Group.
G8.1. Please provide additional detail regarding the process(es) the company has through which members of the company’s workforce can raise concerns about the company’s conduct.
Linked to: GRI Disclosure 2-26 (2021)
(Matrix – Select one answer option per line)
No
Yes
Is the process communicated to all employees/workers in local languages
Is the process available to non-employees (e.g., suppliers, consumers, communities, and other business relationships)
Is the process confidential (e.g., whistleblowing process)
Are there processes in place to avoid retaliation
Can concerns be raised about suppliers or other business relationships (e.g., clients, partners, etc.)
Other
Please provide additional explanation:
The Speak Up Policy is under the responsibility of our Board, and is included in our Code of Conduct. Details of it are provided on the internal and external Vesuvius websites, and communicated by local language posters in all our locations. A third-party operated confidential Speak Up helpline is available 365 days per year, 24 hours per day, to anyone wishing to raise concerns anonymously or in situations where they feel unable to report directly. This independent facility supports online reporting through a web portal and reporting by phone or by voicemail. Ensuring global accessibility, employees can speak with operators in any of our 29 functional languages.
Lessons
G9. How does the company capture lessons regarding each of the following sustainability topics?
Linked to: GRI Disclosure 3-3-e (2021)
(Matrix – Select one answer option per line)
No lessons are regularly captured
Conducts root cause analyses/investigation of incidents
Conducts root cause analyses/investigation and changes organizational policies, processes, and practices accordingly
Systematically conducts root cause analyses/investigation and leverages learnings to influence both internal and external affairs
Human Rights
Labor Rights/Decent Work
Environment
Anti-Corruption
Please provide additional explanation:
DD, Code of Conduct, Governance, Policies, Procurement processes, risk assessments, and standard procedures are adjusted where appropriate after investigation of any (positive or negative) impacts is completed.
Executive Pay
G10. Is executive pay linked to performance on one or more of the following sustainability topics?
Linked to: CDP W6.4 (2022), CDP F4.3a (2022), CDP C1.3a (2022); Nasdaq G3 2335; GRI Disclosure 2-19 (2021)
(Matrix – Select one answer option per line)
No, and we have no intention to change for this is not a current priority
No, but we plan to within two years
Yes
Human Rights
Labour Rights/Decent Work
Environment
Anti-Corruption
Please provide additional explanation:
Following the review, some modest changes were made to the performance measures in our incentive structure for 2022, principally the introduction of a returns measure (post-tax ROIC) to align with our strategy of delivering value to shareholders and the introduction of ESG measures aligned with our Sustainability Strategy. The Committee has noted positively the resultant increased focus on ROIC in internal discussions regarding potential acquisitions and in the deployment of capital across the Group. The inclusion of ESG metrics has similarly had a reinforcing effect on behaviours with continued focus on the environmental scorecard in management teams across the business, particularly with regard to CO2 emissions, diversity and safety, which are prime tenets of the culture of Vesuvius. Our sustainability strategy can be found in our Sustainability Reports, with performance reporting against each material Topic.
Board Composition
G11. Percentage of individuals within the company’s board/highest governance body by:
Linked to: ISAR D.1.2 (2019), ISAR D.1.3 (2019); GRI Disclosures 2-9 (2021), 405-1 (2016)
(Matrix – Percentage & Radial)
Number (Please input answer as a whole number (e.g., 95% = 95))
Not applicable
Total number of board members (#)
Male (%) Note: Please input answer as whole number (e.g., 95% = 95)
Female (%) Note: Please input answer as whole number (e.g., 95% = 95)
Non-binary (%) Note: Please input answer as whole number (e.g., 95% = 95)
Under 30 years old (%) Note: Please input answer as whole number (e.g., 95% = 95)
30-50 years old (%) Note: Please input answer as whole number (e.g., 95% = 95)
Above 50 years old (%) Note: Please input answer as whole number (e.g., 95% = 95)
From minority or vulnerable groups (%) Note: Please input answer as whole number (e.g., 95% = 95)
Executive (%) Note: Please input answer as whole number (e.g., 95% = 95)
Independent (%) Note: Please input answer as whole number (e.g., 95% = 95)
Please provide additional explanation:
Five non-executive directors, please see Annual Report pages 88-90.
G12. Do you produce sustainability reporting according to:
Linked to: Nasdaq G9.1
(Select all that apply)
National/local regulation on sustainability
Security exchange regulations
Non-Financial Reporting Directive of the European Union (NFRD)
Global Reporting Initiative (GRI)
Sustainability Accounting Standards Board (SASB, now consolidated into the IFRS Foundation)
International Integrated Reporting Council (IIRC, now consolidated into the IFRS Foundation)
Climate Disclosure Standards Board (CDSB, now consolidated into the IFRS Foundation)
Task Force on Climate-related Financial Disclosures (TCFD)
Other voluntary frameworks (Please specify in text box) [Makes text box mandatory]
No sustainability reporting according to any frameworks nor regulations outside of this Communication on Progress
Please provide additional explanation:
SDGs
Data Assurance
G13. Is the information disclosed in this questionnaire assured by a third-party?
Linked to: CDP C10.1 (2022); GRI Disclosure 2-5 (2021)
(Select all that apply)
Limited assurance for minority of metrics (e.g., GHG emissions only)
Limited assurance for majority of metrics
Reasonable assurance for minority of metrics
Reasonable assurance for majority of metrics
Other (Please provide additional information) [Makes text box mandatory]
No assurance for any metrics
Please provide additional explanation:
Scope 1, Scope 2 and Scope 3 carbon footprint reporting and supporting evidence contained herein for the period 1 January 2019 to 31 December 2022 has been externally verified by Carbon Footprint Ltd. The report has not been externally assured in its entirety. Senior management are involved in the ongoing review of the collection, management, verification and assurance of reporting information. Scope 1, Scope 2 and Scope 3 carbon footprint reporting and supporting evidence contained herein for the period 1 January 2019 to 31 December 2022 were verified by Carbon Footprint Ltd in accordance with the ISO 14064 Part 3 (2019): Greenhouse Gases: Specification with guidance for the verification and validation of greenhouse gas statements. A copy of the limited assurance statement can be found on our website: www.vesuvius.com. Details of the methodology used for GHG data collection and reporting can be found in Further information on p115.
Human Rights
Materiality (including Saliency)
HR1. Which of the following has the company identified as material human rights topics connected with its operations and/or value chain, whether based on their salience (e.g., the most severe potential negative impacts on people) or another basis?
Linked to: GRI Disclosure 3-2 (2021)
(Select all that apply)
Freedom of association and the effective recognition of the right to collective bargaining
Child labour
Forced labour
Non-discrimination in respect of employment and occupation
Safe and healthy working environment
Working conditions (wages, working hours) [Prompts additional line ‘Working conditions (wages, working hours)’ in Questions L1, L2, L3, L4, L5, L11]
Freedom of expression [Prompts additional line ‘Freedom of expression’ in Questions HR2–HR7]
Access to water and sanitation [Prompts additional line ‘Access to water and sanitation’ in Questions HR2–HR7]
Digital security/privacy [Prompts additional line ‘Digital security/privacy’ in Questions HR2–HR7]
Gender equality and women’s rights [Prompts additional line ‘Gender equality and women's rights’ in Questions HR2–HR7]
Rights of indigenous peoples [Prompts additional line ‘Rights of indigenous peoples’ in Questions HR2–HR7]
Rights of refugees and migrants [Prompts additional line ‘Rights of refugees and migrants’ in Questions HR2–HR7]
Other [Textbox Mandatory]
No human rights topics have been identified as material
Please provide additional explanation:
Vesuvius materiality assessment: Our Sustainability initiative focuses on our most significant sustainability issues and opportunities. These are defined by our ongoing materiality assessment, which identifies and prioritises issues based on two criteria: the impact or likely impact on the achievement of Vesuvius’ Strategic Objectives; and the impact or potential impact on Vesuvius’ stakeholders and their interests. Our materiality assessment is informed by our risk management processes, which not only consider immediate risks to the Group, but also longerterm emerging macro trends such as the electrification of light vehicles, accelerating growth in demand for renewable energies, technological developments in iron and steel making and policy changes impacting the cost of CO2 emissions, all of which could profoundly affect our markets. Our assessment is informed by the principles of reporting articulated within the Global Reporting Initiative (GRI) Standards 2021. The GRI content index can be found on pages 131-136 of our Sustainability Report. In preparing our assessment, and developing our Sustainability initiative, we engage with various stakeholders, formally and informally. Details of these engagements and the parties involved are described in our s172 disclosures on pages 22-26 of our 2022 Annual Report. We undertake regular surveys of Vesuvius’ operational teams to collect data on management approaches, systems, and performance relating to environmental, safety, and human resource management. The material topics have been validated as material by the Board; they apply in our own operations and to varying degrees in those of our suppliers. No change in the relative prioritisation of topics was recorded in 2022. The exclusion of topics from this list does not mean that they are not considered important to Vesuvius or are not being managed, but only that we have chosen not to address them in detail in this report. Where appropriate we have incorporated some commentary on these additional topics into our report. Details of water stress and water consumption, biodiversity, conflict minerals and environmental compliance are all included.
Commitment
HR2. Does the company have a policy commitment in relation to the following human rights topics? Matrix will be populated only for the human rights topics selected in HR1.
Linked to: GRI Disclosures 2-23-a-iv, 2-23-b, 3-3-c (2021)
(Matrix – Select one answer option per line)
No, and we have no plans to develop a policy
No, but we plan to within the next two years
Yes, included within a broader policy or as a stand-alone policy
Access to water and sanitation
Digital security/privacy
Gender equality and women’s rights
Rights of indigenous peoples
Rights of refugees and migrants
Please provide additional explanation:

Please input the year the relevant human rights policy was last reviewed
Year (YYYY)
Please provide additional explanation:
HR2.1. For each human rights policy commitment, is it:
Linked to: GRI Disclosures 2-23-c, 2-23-d, 2-23-e (2021)
(Matrix – Select all that apply for each line)
Aligned with international human rights standards
Publicly available
Approved at most senior level of the company
Applied to the company’s own operations
Applied to the company’s own operations and suppliers
Applied to the company’s own operations and the value chain (including suppliers, consumers, communities, other business relationships)
Developed involving human rights expertise from inside and outside the company
Other (Please provide additional information in the mandatory text box)
Please provide additional explanation:
Prevention
HR3. In the course of the reporting period, has the company engaged with affected stakeholders or their legitimate representatives in relation to the following human rights topics? Matrix will be populated only for the human rights topics selected in HR1.
Linked to: GRI Disclosures 3-1-b, 3-3-f (2021)
(Matrix – Select one answer option per line)
Please select the company’s highest level of engagement. Options progress from left to right.
No engagement on this topic
To better understand the risks/impacts in question
To discuss potential ways to prevent or mitigate the risks/impacts in question
To agree on a way to prevent/mitigate the risks/impacts in question
To assess progress in preventing/ mitigating the risks/ impacts in question
To collaborate in the prevention/mitigation of the risks/impacts in question
Freedom of expression
Access to water and sanitation
Digital security/privacy
Gender equality and women’s rights
Rights of refugees and migrants
Please provide additional explanation:
HR4. What type of action has the company taken in the reporting period with the aim of preventing/mitigating the risks/impacts associated with this human rights topic?
Matrix will be populated only for the human rights issues selected in HR1.
Linked to: GRI Disclosure 3-3-d (2021)
(Matrix – Select all that apply for each line)
Provided internal training/ capacity building for the direct workforce
Built capacity among relevant business relationships (e.g., suppliers, consumers, communities)
Conducted an audit process and/or corrective action plan
Collective Action with peers or other stakeholders, in particular workers’ organizations, to address the issue
Collaborated with governmental or regulatory bodies
Other (Please provide additional information in the mandatory text box)
No action within reporting period
Freedom of expression
Access to water and sanitation
Digital security/privacy
Gender equality and women’s rights
Rights of refugees and migrants
Please provide additional explanation:
HR5. Who receives training for the following human rights topics? Matrix will be populated only for the human rights topics selected in HR1.
Linked to: GRI Disclosure 3-3-d (2021)
(Matrix – Select all that apply for each line)
No training provided
Select employees
All employees
Contractors
Direct suppliers of the organization
Indirect suppliers of the organization
Other – such as partners, clients, etc.
Freedom of expression
Access to water and sanitation
Digital security/privacy
Gender equality and women’s rights
Rights of refugees and migrants
Please provide additional explanation:
HR6. How does the company assess progress in preventing/mitigating the risks/impacts associated with the following human rights topics? Matrix will be populated only for the human rights issues selected in HR1.
Linked to: GRI Disclosure 3-3-e (2021)
(Matrix – Select one answer option per line)
Please select the company’s highest level of engagement. Options progress from left to right.
No monitoring of progress
Review topics on ad hoc basis
Set annual targets/goals, track progress over time (internal programmes only)
Set annual targets/goals, track progress over time (internal and external programmes)
Other (Please provide additional information in the mandatory text box)
Freedom of expression
Access to water and sanitation
Digital security/privacy
Gender equality and women’s rights
Rights of refugees and migrants
Please provide additional explanation:
Response and Reporting
HR7. During the reporting period, has the company been involved in providing or enabling remedy if it has caused or contributed to adverse impact associated with the following human rights topic(s)?
Matrix will be populated only for the human rights topics selected in HR1.
Linked to: GRI Disclosure 3-3-d-ii (2021)
(Matrix – Select one answer option per line)
No remedy provided/enabled
Yes, remedy provided/enabled
No adverse impact identified or caused
Choose to not disclose
Freedom of expression
Access to water and sanitation
Digital security/privacy
Rights of indigenous peoples
Rights of refugees and migrants
Please provide additional explanation:
HR8. Briefly describe additional relevant practical actions the company has taken during the reporting period and/or plans to take to implement the human rights principles, including goals set and any challenges faced and actions taken towards prevention and/or remediation.
Linked to: GRI Disclosures 3-3-c and 3-3-d (2021)
(Text Box)
Our Board is accountable and has oversight for all matters related to sustainability, including the definition of the Sustainability strategy and initiatives, and setting the main targets, as well as reviewing performance and progress. "Employees and human rights" are listed as a key topic area in our Code of Conduct. The Group Human Rights and Labour Policy reflects the principles contained within the UN Universal Declaration of Human Rights, the International Labour Organisation’s Fundamental Conventions on Labour Standards and the UN Global Compact, to which the Group is a signatory. The Policy applies to all Group employees. It sets out the principles for our actions and behaviour in conducting our business and provides guidance to those working for us on how we approach human rights issues. The Group commits not to discriminate in any of our employment practices and to offer equal opportunities to all. The Group respects the principles of freedom of association and the effective recognition of the right to collective bargaining, and opposes the use of, and will not use, forced, compulsory or child labour. These principles have been integrated into the work of our procurement teams as we assess our suppliers and their business practices. The Policy was reviewed and updated in 2023. Child labour and forced labour were included in the Group Safety Audit team’s scope in 2022. These inspections are carried out on site. If any breach is suspected, the VP HSE is immediately informed for further investigation. All manufacturing sites are included within the scope of these audits, with an aim to audit them once per year. 65 audits were carried out in 2022, with no breaches being identified. 48 manufacturing and R&D sites (79%) were covered by these audits. These audits, along with the feedback from the Speak Up whistleblowing process, inform the Group of potential human rights risks within its operations. Prevention of slavery and human rights awareness training on child labour, slavery and/or human trafficking: During 2022, we published our seventh transparency statement outlining the Group’s approach to the prevention of slavery and human trafficking in our business and supply chain. A copy of our latest statement is available to view on our website: www.vesuvius.com. Since the publication of our first statement we have conducted a risk assessment of our purchasing activities, seeking to identify, by location and industry, where the potential risks of modern slavery are highest. Our assessment identified the following four industries that pose a higher risk of modern slavery for Vesuvius: 1. Mining and extractive industries (raw materials) 2. Textiles (personal protective equipment (PPE) and work clothing) 3. Transport and packaging 4. Maintenance, cleaning, agricultural work, and food preparation (contracted workers) Following our modern slavery risk assessment, we provided webinar training to our key purchasing staff and we continue to use an online e-learning module to upgrade the training given to all supplier-facing staff. This provides key guidance on the red flags associated with modern slavery to assist them in identifying these during supplier visits and accreditation. Since the launch of the Modern Slavery red flag training we have trained 100% of the targeted staff. See the Group’s Statement on the Prevention of Slavery and Human Trafficking: www.vesuvius.com/en/sustainability/our-policies/statementon-modern-slavery.html Conflict minerals: It is Vesuvius’ policy to prohibit the use of conflict minerals in its products. This policy, over which the Group Executive Committee has oversight, covers 100% of Vesuvius’ operations, as well as its suppliers. It is available to view at: www.vesuvius.com. We routinely review our purchasing portfolio to check for conflict minerals. In 2021, we verified that we did not purchase any conflict minerals. Supplier compliance is included in the scope of supplier sustainability assessments carried out by a third-party independent provider. Mica, graphite and child labour: Vesuvius is committed to working only with suppliers that respect the UN Global Compact’s ten principles, and in particular do not employ child labour. We have engaged in a process of verifying our supplier base of mica and graphite as these industries have been widely recognised as a risk in this respect. In 2021, we contacted all our suppliers of mica, asking for written confirmation that they are not using child labour. Upon analysis of their replies, we asked suppliers to undergo sustainability assessments, including a strong focus on human rights. By the end of 2022, suppliers representing 99.4% of our mica spend had already confirmed that they did not employ any child labour and had completed, or were in the process of undergoing, a Sustainability Assessment. We have since exited our relationships with those suppliers not willing to undergo a sustainability assessment. In 2022, we initiated a similar process with our suppliers of graphite. By the end of 2022, suppliers representing 69% of our graphite spend had already confirmed that they did not employ any child labour and had completed, or were in the process of undergoing, a sustainability assessment. Working hours: In accordance with our Human Rights Policy, the Group seeks to ensure that workers do not exceed reasonable working hours to ensure their physical and mental health and safety. We are committed to the elimination of excessive working hours and respect local regulations on working hours in every country in which we operate. Vesuvius maintains a working hours policy and monthly reporting of headcount and hours worked. This allows us to identify if maximum working hours are being exceeded which can then be investigated by management. The verification of working hours is included in the scope of the Group Safety Audit.
Labour
Commitment
L1. Does the company have a policy commitment in relation to the following labour rights principles? For the user, the “Working conditions (wages, working hours)” option would be visible only if selected in HR1.
Linked to: GRI Disclosure 3-3-c (2021) for topics GRI 407 (2016), GRI 409 (2016), GRI 408 (2016), GRI 406 (2016), GRI 403 (2018)
(Matrix – Select one answer option per line)

No, and we have no plans to develop a policy
No, but we plan to within the next two years
Yes, included within a broader policy or as a stand-alone policy [Prompts L1.1]
Not applicable (Please provide additional information in the mandatory text box)
Freedom of association and the effective recognition of the right to collective bargaining
Forced labour
Child labour
Non-discrimination in respect of employment and occupation
Safe and healthy working environment
Please provide additional explanation:
https://www.vesuvius.com/en/sustainability/our-policies.html provides detailed additional information

Please input the year the relevant labour rights policy was last reviewed
Year (YYYY)
Freedom of association and the effective recognition of the right to collective bargaining
Forced labour
Child labour
Non-discrimination in respect of employment and occupation
Safe and healthy working environment
Please provide additional explanation:
Safe and healthy environment: a range of policies is involved, see p126 of our Sustainability Report. They were reviewed between 2018 and 2022.
L1.1. For each labour rights policy, is it:
Linked to: ILO C155 - Occupational Safety and Health Convention 1981 (No. 155); GRI Disclosures 2-23-c, 2-23-d, 2-23-e (2021)
(Matrix – Select all that apply for each line)
Aligned with international labour standards
Publicly available
Approved at most senior level of the company
Applied to the company’s own operations
Applied to the company’s own operations and the value chain (including suppliers, consumers, communities, other business relationships)
Developed in consultation with workers and their representatives
Developed involving labour rights expertise from inside and outside the company
Other (Please provide additional information in the mandatory text box)
Freedom of association and the effective recognition of the right to collective bargaining
Forced labour
Child labour
Non-discrimination in respect of employment and occupation
Safe and healthy working environment
Please provide additional explanation:
Non-discrimination: separate supporting policies available (Board Diversity, and Diversity & Equality) Safety: separate supporting policies available (more than 25) Please see https://www.vesuvius.com/en/sustainability/our-policies.html
L1.2. Does the existing company’s policy on freedom of association and collective bargaining:
Linked to: ILO C155 - Occupational Safety and Health Convention 1981 (No. 155); GRI Disclosures 2-23-c, 2-23-d, 2-23-e (2021)
(Multiple choice – Select all that apply)
Reference the respect for the right of all workers to form and join a trade union of their choice without fear of intimidation or reprisal and protect workers against acts of antiunion discrimination
Prohibit any acts of interference in trade unions
Facilitate the collective bargaining with the trade union representatives
Provide trade union representatives with information required for meaningful bargaining in the context of bona fide negotiations
Reference the respect for the right of workers to submit grievances without suffering
We do have a policy on freedom of association and collective bargaining, but it does not include any of these details
We do not have a policy on freedom of association and collective bargaining
Please provide additional explanation:
Vesuvius supports freedom of association and the right to collective bargaining. In all of the countries in which we operate, the Group informs and consults local works councils and trade unions on matters concerning the Vesuvius business as required. These processes and procedures are regulated by local law and generate constructive dialogue between employee representatives and management, which provides benefit to our business. In 2022, 73% of permanent employees were represented by Collective Agreements that include working conditions such as local works councils, trade unions or other bodies.
Prevention
L2. In the course of the reporting period, has the company engaged with affected stakeholders or their legitimate representatives in relation to the following labour rights topics? For the user, the “Working conditions (wages, working hours)” option would be visible only if selected in HR1.
Linked to: GRI Disclosures 3-1-b and 3-3-f (2021) for topics GRI 407 (2016), GRI 409 (2016), GRI 408 (2016), GRI 406 (2016), GRI 403 (2018)
(Matrix – Select one answer option per line)
Please select the company’s highest level of engagement. Options progress from left to right.
No engagement on this topic
To better understand the risks/impacts in question
To discuss potential ways to prevent or mitigate the risks/ impacts in question
To agree on a way to prevent/mitigate the risks/impacts in question
To assess progress in preventing/ mitigating the risks/ impacts in question
To collaborate in the prevention/ mitigation of the risks/ impacts in question
Other (Please provide additional information) [Makes text box mandatory]
Freedom of association and the effective recognition of the right to collective bargaining
Forced Labour
Child labour
Non-discrimination in respect of employment and occupation
Safe and healthy working environment
Please provide additional explanation:
As described on p76 of our SR. As part of our Prevention of slavery and human rights awareness training on child labour, slavery and/or human trafficking work, we engaged with supplier-facing staff on key guidance on the red flags associated with modern slavery to assist them in identifying these during supplier visits and accreditations (SR p93). Engagement on safety: see p94 of our SR.
L3. What type of action has the company taken in the reporting period with the aim of preventing/mitigating the risks/impacts associated with this labour rights topic? For the user, the “Working conditions (wages, working hours)” option would be visible only if selected in HR1.
Linked to: GRI Disclosure 3-3-d (2021) for topics GRI 407 (2016), GRI 409 (2016), GRI 408 (2016), GRI 406 (2016), GRI 403 (2018)
(Matrix – Select all that apply for each line)
Provided internal training/ capacity building for the direct workforce
Built capacity among relevant business relationships (e.g., suppliers, consumers, communities)
Conducted an audit process and/or corrective action plan
Collective Action with peers or other stakeholders, in particular workers’ organizations, to address the issue
Collaborated with governmental or regulatory bodies
Other (Please provide additional information) [Makes text box mandatory]
No action within reporting period
Freedom of association and the effective recognition of the right to collective bargaining
Forced labour
Child labour
Non-discrimination in respect of employment and occupation
Safe and healthy working environment
Please provide additional explanation:
Prevention of slavery and human rights awareness training on child labour, slavery and/or human trafficking: During 2022, we published our seventh transparency statement outlining the Group’s approach to the prevention of slavery and human trafficking in our business and supply chain. A copy of our latest statement is available to view on our website: www.vesuvius.com. Since the publication of our first statement we have conducted a risk assessment of our purchasing activities, seeking to identify, by location and industry, where the potential risks of modern slavery are highest. Our assessment identified the following four industries that pose a higher risk of modern slavery for Vesuvius: 1. Mining and extractive industries (raw materials) 2. Textiles (personal protective equipment (PPE) and work clothing) 3. Transport and packaging 4. Maintenance, cleaning, agricultural work, and food preparation (contracted workers) Following our modern slavery risk assessment, we provided webinar training to our key purchasing staff and we continue to use an online e-learning module to upgrade the training given to all supplier-facing staff. This provides key guidance on the red flags associated with modern slavery to assist them in identifying these during supplier visits and accreditation. Since the launch of the Modern Slavery red flag training we have trained 100% of the targeted staff. See the Group’s Statement on the Prevention of Slavery and Human Trafficking: www.vesuvius.com/en/ sustainability/our-policies/statementon- modern-slavery.html
L4. Who receives training for the following labour rights topics? For the user, the “Working conditions (wages, working hours)” option would be visible only if selected in HR1.
Linked to: GRI Disclosure 3-3-d (2021) for topics GRI 407 (2016), GRI 409 (2016), GRI 408 (2016), GRI 406 (2016), GRI 403 (2018)
(Matrix – Select all that apply for each line)
No training provided
Select employees
All employees
Contractors
Direct suppliers of the organization
Indirect suppliers of the organization
Other – such as partners, clients, etc.
Freedom of association and the effective recognition of the right to collective bargaining
Forced labour
Child labour
Non-discrimination in respect of employment and occupation
Safe and healthy working environment
Please provide additional explanation:
Supplier sustainability assessment processes include extensive reviews and engagement, but it is not described as training. Vesuvius is very proud of the close relationships we have with our suppliers around the world. We work with them to ensure that the highest-quality materials and products enter our supply chain. The process entails an extremely comprehensive review including research and development to ascertain compatibility of suppliers’ products. Where suppliers fail to meet the required standards, either action is taken to support them to improve or our relationship with them is terminated.
L5. How does the company assess progress in preventing/mitigating the risks/impacts associated with the following labour rights topics? For the user, the “Working conditions (wages, working hours)” option would be visible only if selected in HR1.
Linked to: GRI Disclosure 3-3-e (2021) for topics GRI 407 (2016), GRI 409 (2016), GRI 408 (2016), GRI 406 (2016), GRI 403 (2018)
(Matrix – Select one answer option per line)
Please select the company’s highest level of engagement. Options progress from left to right.
No monitoring on progress
Review topics on ad hoc basis
Set annual targets/goals, track progress over time (internal programmes only)
Set annual targets/goals, track progress over time (internal and external programmes)
Other (Please provide additional information) [Makes text box mandatory]
Freedom of association and the effective recognition of the right to collective bargaining
Forced labour
Child labour
Non-discrimination in respect of employment and occupation
Safe and healthy working environment
Please provide additional explanation:
Supplier assessment process and internal data tracking & engagement are used to evaluate progress. Extensive progress assessment applied to safety and health.
Performance
L6. Do(es) the existing collective bargaining agreement(s) provide(s) more favourable rights than those provided in legislation, where appropriate?
(Select all that apply)
Yes, by providing more favourable conditions related to wages
Yes, by providing more favourable conditions related to working hours
Yes, by providing more favourable conditions related to health coverage and/or sick leave
Yes, by providing additional rights not otherwise provided (Please provide additional information) [Makes text box mandatory]
There is (are) no existing collective bargaining agreement(s)
No
Please provide additional explanation:
L7. In the course of the reporting period, what was the percentage of women in managerial positions? (%)
Linked to: ISAR C.1.1
(Matrix – Text Box with option for Unknown or N/A)
Percent women (Please input a whole number e.g., 50% = 50)
Unknown
Managerial position
Please provide additional explanation:
Figure for "Senior Managers" defined for the purposes of Section 414C(8)(c), includes directors of the Company’s subsidiaries. All other employees: 15% female
L8. What was the average ratio of the basic salary and remuneration of women to men (comparing jobs of equal value) during the reporting period?
Linked to: GRI Disclosure 405-2 (2016)
(Matrix – Text Box with option for Unknown or N/A)
Salary ratio (Please input a whole number e.g., 50% = 50)
Unknown
Choose to not disclose
Women/Men(%)
Please provide additional explanation:
GRI 405 -2 Not used, as the topic is not formally designated as material. Also, the UK statutory Gender Pay Gap reporting is available here: https://www.vesuvius.com/en/sustainability/statutory-documents.html
L9. In the course of the reporting period, how frequently were workers injured (injuries per hour worked)?
Linked to: ISAR C.3.2; GRI Disclosure 403-9 (2018)
(Matrix – Text Box with option for Unknown or N/A)
Frequency of injury (Please input a whole number e.g., 50% = 50)
Unknown
Choose to not disclose
Frequency of injury
Please provide additional explanation:
LTI Frequency Rate (LTIFR) per million hours: 1.08
L10. In the course of the reporting period, what was the company’s incident rate (injuries per worker)?
Linked to: ISAR C.3.2; GRI Disclosure 403-9 (2018)
(Matrix – Text Box with option for Unknown or N/A)
Incident rate (Please input a whole number e.g., 50% = 50)
Unknown
Choose to not disclose [Makes text box mandatory]
Incident rate
Please provide additional explanation:
Injury Frequency Rate (IFR) per million hours: 18.3
Response and Reporting
L11. In the course of the reporting period, has the company been involved in providing or enabling remedy if it has caused or contributed to the adverse impact associated with the following labour rights topics? For the user, the “Working conditions (wages, working hours)” option would be visible only if selected in HR1.
Linked to: GRI Disclosures 3-3-c and 3-3-d (2021) for topics GRI 407 (2016), GRI 409 (2016), GRI 408 (2016), GRI 406 (2016), GRI 403 (2018)
(Matrix – Select one answer option per line)
No remedy provided/enabled
Yes, remedy provided/enabled
No adverse impact identified or caused
Choose to not disclose [Makes text box mandatory]
Freedom of association and the effective recognition of the right to collective bargaining
Forced labour
Child labour
Non-discrimination in respect of employment and occupation
Safe and healthy working environment
Please provide additional explanation:
Vesuvius operates a robust and comprehensive process for the timely reporting of incidents. In our internal standards, third-party contractors are included, and we use more stringent definitions for Lost Time Injuries (LTIs) and ‘severe accidents’ than the definitions used by many regulatory bodies. All sites are required to report on all Medically Treated Injuries (MTIs), to maintain the focus on safety. As an illustration of the precautionary preventative approach taken by Vesuvius in accident investigation, all LTIs and MTIs required a full 8D report. Main types of work-related injury: In 2022, the main causes of work-related injuries were, in descending order of frequency: handling, lifting, or carrying; slips, trips and falls; and contact with moving machinery. The main injuries suffered were, in descending order of frequency: contusions, sprains and strains, lacerations, grazes and fractures. The main body parts affected were, in descending order of frequency: hands and fingers, upper limbs, lower limbs and feet. Based on this incident data, targeted campaigns are being launched by the Business Units. Since 2021, there has been renewed emphasis on the reporting of dangerous occurrences and injuries so that root cause analysis can be undertaken, and preventative action plans implemented to prevent future occurrences
L12. Briefly describe additional relevant practical actions the company has taken during the reporting period and/or plans to take to implement the labour principles, including goals set and any challenges faced and actions taken towards prevention and/or remediation.
Linked to: GRI Disclosures 3-3-c and 3-3-d (2021) for topics GRI 407 (2016), GRI 409 (2016), GRI 408 (2016), GRI 406 (2016), GRI 403 (2018)
(Text Box)
Risk-based approach: Our approach is to identify, eliminate, reduce or control all workplace risks, and an ongoing system of training, assessment and improvement is in place to focus on achieving this. Safety events eg National Safety Week, in India Values, code of conduct, policies and programmes across the topics concerned H&S governance in place, including leadership, audits, assessments and engagement Employee wellbeing programmes delivered, e.g. burn-out prevention training (Belgium), mental health workshops (Brazil), nutrition sessions (Egypt) Safety standards for employees and contractor Our People and Culture strategy aims to build an outstanding business by ensuring we have the individuals, skills and capabilities critical to the delivery of our strategy: strategy, goals and accountability, supported by our CORE Values and positive management behaviours. Vesuvius has established a framework for explaining and embedding the culture and principles we consider to be fundamental to our success. To do this we communicate openly and transparently within the organisation, through ‘town hall’ meetings, senior management visits, management feedback, performance evaluation, measuring staff engagement and responding to the feedback we receive. We run "Living The Values Awards 2022" awards. Diversity & inclusion programmes in place. Outreach and skills development programmes e.g to encourage young women into STEM subjects Extensive employee engagement. Human rights in operations and supply chains: extensive programmes as described in this questionnaire. For detail, please see our website and SR.
Environment
Commitment
E1. Does the company have a policy commitment on the following environmental topics?
Linked to: CDP C4.1 (2022), CDP F6.1 (2022), CDP W6.1 (2022); GRI Disclosure 3-3-c (2021) for topics GRI 303 (2018), GRI 304 (2016), GRI 305 (2016), GRI 306 (2020),GRI 302 (2016)
(Matrix – Select one answer option per line)
No, and we have no plans to develop a policy
No, but we plan to within the next two years
Yes, included within a broader policy or as a stand-alone policy [Prompts E1.1]
Not applicable (Please provide additional information in the mandatory text box)
Climate change
Water
Oceans
Forests/biodiversity/land use
Air pollution
Waste (e.g., chemical spills, solid waste, hazardous, plastic, etc.)
Energy & resource use
Please provide additional explanation:
Our materiality assessment process does not define 'oceanic stewardship' as material, for example. However, our Environmental Policy commits us "Minimise any pollution or releases of substances which could adversely affect humans or the environment [and] Avoid negative impacts on biodiversity." See https://www.vesuvius.com/en/sustainability/our-policies.html and page 126 of our SR21.
Please input the year the relevant environment policy was last reviewed
Year (YYYY)
Climate change
Water
Oceans
Forests/biodiversity/land use
Air pollution
Waste (e.g., chemical spills, solid waste, hazardous, plastic, etc.)
Energy & resource use
Please provide additional explanation:
Climate specific commitment: Vesuvius supports the Paris Agreement’s central aim, to strengthen the global response to the threat of climate change by keeping a global temperature rise this century well below 2°C above pre-industrial levels, and pursuing efforts to limit the temperature increase even further to 1.5°C, via the implementation of its Roadmap to Net Zero.
E1.1. For each environmental policy commitment, is it:
Linked to: CDP C4.1 (2022), CDP F6.1 (2022), CDP W6.1 2022; GRI Disclosures 2-23-c, 2-23-d, 2-23-e (2021)
(Matrix – Select all that apply for each line)
Aligned with international environmental standards
Publicly available
Approved at most senior level of the company
Applied to the company’s own operations
Applied to the company’s own operations and the value chain (including suppliers, consumers, communities, other business relationships)
Developed involving environmental expertise from inside and outside the company
Other (Please provide additional information in the mandatory text box)
Climate change
Water
Oceans
Forests/biodiversity/land use
Air pollution
Waste (e.g., chemical spills, solid waste, hazardous, plastic, etc.)
Energy & resource use
Please provide additional explanation:
A note on "Oceans", or "Forests" - these are not explicitly mentioned in our policy commitments, but terrestrial and aquatic ecosystem health is inherently part of our Environmental Policy, e.g. our commitments to "Minimise any pollution or releases of substances which could adversely affect humans or the environment, [and] Avoid negative impacts on biodiversity". Likewise, our Sustainable Procurement Policy state "Vesuvius expects its suppliers to also commit to reducing their environmental footprint. In particular, suppliers must: • take appropriate measures to prevent accidental pollution, [...] and • implement a monitoring of the waste material generated by their activities and build plans to reduce them". Policy and management detail, including ISO environmental management standards alignment, can also be found, by division, at https://www.vesuvius.com/en/sustainability/our-planet/policy-and-certificates.html Environmental management/certifications: External annual compliance audits are carried out by the global assurance provider, LRQA. 100% of our ISO 14001: 2015 certifications cover the handling of waste and hazardous materials, including regular environmental impact audits and implemented risk prevention procedures (including emergency planning and testing) relating to waste and hazardous materials handling. Where previously the decision to pursue ISO 14001 certification was taken at a local level, Group policy is now for all production sites to seek ISO 14001 certification. We have 22 manufacturing sites certified to ISO 14001: 2015, representing 39% of sites controlled by Vesuvius (office spaces, customer locations,and warehouses are out of scope as waste and hazardous materials are not material at these locations). 52% of sites reporting hazardous and toxic waste have ISO 14001: 2015 certifications. A list of certified sites can be found on p125 of our SR21.
Prevention
E2. In the course of the reporting period, has the company engaged with affected stakeholders or their legitimate representatives in relation to the following environmental topics?
Linked to: GRI Disclosures 3-1-b and 3-3-f (2021) for topics GRI 303 (2018), GRI 304 (2016), GRI 305 (2016), GRI 306 (2020), GRI 302 (2016), and GRI Disclosure 201-2-a-iv (2016)
(Matrix – Select one answer option per line)

Please select the company’s highest level of engagement. Options progress from left to right.
No engagement on this topic
To better understand the risks/impacts in question
To discuss potential ways to prevent or mitigate the risks/ impacts in question
To agree on a way to prevent/mitigate the risks/impacts in question
To assess progress in preventing/ mitigating the risks/ impacts in question
To collaborate in the prevention/ mitigation of the risks/ impacts in question
Other (Please provide additional information in the mandatory text box)
Climate change
Water
Oceans
Forests/biodiversity/land use
Air pollution
Waste (e.g., chemical spills, solid waste, hazardous, plastic, etc.)
Energy & resource use
Please provide additional explanation:
Engagement with customers, suppliers, regulators and technical agencies takes place as part of our formal approach to managing potential environmental risk and opportunity.
E3. What type of action has the company taken in the reporting period with the aim of preventing/mitigating the risks/impacts associated with these environmental topics?
Linked to: GRI Disclosure 3-3-d (2021) for topics GRI 303 (2018), GRI 304 (2016), GRI 305 (2016), GRI 306 (2020), GRI 302 (2016), and GRI Disclosure 201-2-iv (2016)
(Matrix – Select all that apply for each line)
Provided internal training/ capacity building for the direct workforce
Built capacity among relevant business relationships (e.g., suppliers, consumers, communities)
Conducted an audit process and/or corrective action plan
Collective Action with peers or other stakeholders, in particular workers’ organizations, to address the issue
Collaborated with governmental or regulatory bodies
Other (Please provide additional information) [Makes text box mandatory]
No action within reporting period
Climate change
Water
Oceans
Forests/biodiversity/land use
Air pollution
Waste (e.g., chemical spills, solid waste, hazardous, plastic, etc.)
Energy & resource use
Please provide additional explanation:
Biodiversity: Actions have been taken in various manufacturing sites to increase greenery and biodiversity on their grounds and in neighbouring communities, including planting trees. The Vesuvius biodiversity policy is available to view at: www.vesuvius.com. All our factory emissions to air, ground and water, as well as waste are actively managed in accordance with local regulations. All our manufacturing operations monitor key environmental indicators.
E4. How does the company assess progress in preventing/mitigating the risks/impacts associated with the following environmental topics?
Linked to: GRI Disclosure 3-3-e (2021) for topics GRI 303 (2018), GRI 304 (2016), GRI 305 (2016), GRI 306 (2020), GRI 302 (2016), and GRI Disclosure 201-2-a-iv (2016)
(Matrix – Select one answer option per line)
Please select the company’s highest level of engagement. Options progress from left to right.
No monitoring of progress
Review topics on ad hoc basis
Set annual targets/ goals, track progress over time (internal programmes only) [Prompts E4.1 and E4.2]
Set annual targets/goals, track progress over time (internal and external programmes) [Prompts E4.1 and E4.2]
Other (Please provide additional information in the mandatory text box)
Climate change
Water
Oceans
Forests/biodiversity/land use
Air pollution
Waste (e.g., chemical spills, solid waste, hazardous, plastic, etc.)
Energy & resource use
Please provide additional explanation:
Emissions into the air Whilst measurements have confirmed that these do not represent a material topic, some Vesuvius manufacturing processes can lead to low levels of emissions into the air. These include post thermal treatment residual Volatile Organic Compounds (from the curing and firing of products including solvents and resin binders, or pitch impregnation), residual GHGs from the combustion of fuels and process emissions, and residual dusts post capture and filtration. Vesuvius’ emissions of VOC, residual GHGs, and residual dusts are at levels too low to warrant any form of continuous measurement and reporting of quantities emitted, but manufacturing plants with identified potential exposure monitor their levels of emissions into the air through regular sampling, and actively work to reduce them. Vesuvius is committed to working towards the complete elimination of emissions into the air. Various programmes have been developed over the years, including the upgrade of equipment to the best available technologies, and the implementation of filtration, vapour extraction and regenerative thermal oxidiser systems Biodiversity and greenery As an integral part of its commitment to operate all work and business activities in a manner which ensures appropriate care and protection of the environment, Vesuvius is committed to not contribute to any net loss of biodiversity. We undertake routine surveys of all manufacturing sites and monitor the evolution of regulations related to biodiversity. We do not have any sites located within high conservation value areas, critical biodiversity areas, or biodiversity-sensitive areas. 7 sites are located near (within approximately 1.5km) of critical biodiversity areas or biodiversity-sensitive areas. We have not identified any biodiversity risks from our ongoing operations, other than accidental environmental releases and emissions into the air as detailed elsewhere in this report. The very limited footprint of Vesuvius’ sites contributes significantly to limiting our Company’s impact on biodiversity. For overall progress please see https://www.vesuvius.com/en/sustainability/measuring-progress.html
E4.1. For each environmental topic for which the company sets timebound goals/targets, what kind of targets has the company set? Please give a description of targets (e.g., what is the target, absolute vs. intensity, externally verified, on track, etc.)
Linked to: CDP F6.1 (2022); GRI Disclosure 3-3-e (2021) for topics GRI 303 (2018), GRI 304 (2016), GRI 305 (2016), GRI 306 (2020), GRI 302 (2016), and GRI Disclosure 201-2-a-iv (2016)
(Text Box)
A broad set of Key Performance Indicators was defined in 2020, covering all aspects of Vesuvius’ Sustainability strategy. We have selected nine of these KPIs and set ourselves targets to reach within set timeframes. Energy consumption: By 2025, reduce energy intensity per metric tonne of product packed for shipment (vs 2019) - On schedule CO2e emission intensity: By 2025, reduce Scope 1 and Scope 2 CO2e emission intensity per metric tonne of product packed for shipment (vs 2019) - Ahead of schedule (externally verified) Wastewater: By 2025, reduce wastewater per metric tonne of product packed for shipment (vs 2019) - Behind plan Solid waste: By 2025, reduce solid waste (hazardous and sent to landfill) per metric tonne of product packed for shipment (vs 2019) - On schedule Recycled material: By 2025, increase the proportion of recycled materials from external sources used in production - Behind plan Supply chain: By the end of 2023, conduct sustainability assessments of our raw materials suppliers covering at least 50% of Group raw material spend - Ahead of schedule The table found here https://www.vesuvius.com/en/sustainability/measuring-progress.html illustrates how achieving each target will contribute to achieving our objectives.
E4.2. For each environmental topic in which the company sets timebound goals/targets, how is progress against target/goal tracked?
Linked to: GRI Disclosure 3-3-e (2021) for topics GRI 303 (2018), GRI 304 (2016), GRI 305 (2016), GRI 306 (2020), GRI 302 (2016), and GRI Disclosure 201-2-a-iv (2016)
(Matrix – Select all that apply for each line)
Progress is reviewed against goals annually or more frequently
Progress is reported internally to the most senior level
Progress is reported externally
Other (Please provide additional information in the mandatory text box)
Climate change
Water
Waste (e.g., chemical spills, solid waste, hazardous, plastic, etc.)
Energy & resource use
Please provide additional explanation:
Water: no public target (there is a target for wastewater however), but monitoring data is reported annually.
E5. In the course of the reporting period, has the company been involved in providing or enabling remedy for any impacts associated with the following environmental topic(s)?
Linked to: GRI Disclosure 3-3-d-ii (2021) for topics GRI 303 (2018), GRI 304 (2016), GRI 305 (2016), GRI 306 (2020), GRI 302 (2016), and GRI Disclosure 201-2-a-iv (2016)
(Matrix – Select one answer option per line)
Yes, remedy provided/enabled
No remedy provided/enabled
No adverse impact identified or caused
Choose to not disclose
Climate change
Water
Oceans
Forests/biodiversity/land use
Air pollution
Waste (e.g., chemical spills, solid waste, hazardous, plastic, etc.)
Energy & resource use
Please provide additional explanation:
Environmental exceedances Vesuvius is committed to addressing environmental exceedances and complying with local regulations. All exceedances are reported in a central database. Any significant exceedance or environmental incident is reported to the Group Executive Committee. In 2022, Vesuvius recorded 60 minor environmental incidents. Of these, two related to emissions to air, five to emissions to water and 53 to ground. Total environmental releases across the Group in 2022 are estimated to have totalled 11 metric tonnes (including 3.2 metric tonnes of water-based materials) and 1.3 m3 hydrocarbons, with the balance being solids and powders. All releases to water and to the ground were fully contained. Resource Use - Water: In 2022, our overall freshwater consumption per tonne of product packed for shipment decreased by 19.4% vs our baseline of 2019. As with energy use, normalised consumption of water varies with product mix. An assessment of all Vesuvius manufacturing sites was carried out using the Aqueduct Water Risk Atlas. A small number of the areas in which Vesuvius operates are water stressed. In these areas, we make strenuous efforts to reclaim, recycle and minimise the overall consumption of water.
Climate Action
E6. What were the company’s gross Scope 1 and Scope 2 global greenhouse gas emissions (GHG) for the reporting period?
Linked to: CDP C6.1 (2022), CDP C6.3 (2022), CDP C6.5 (2022); GRI Disclosures 305-1, 305-2, 305-3 (2016); ISAR B.3.1; ISAR B.3.2
(Matrix – Select one answer option per line)
Measured Total Emissions (tCO2e)
We did not measure our gross GHG emissions [Please explain in the mandatory text box]
Scope 1 emissions
Scope 2 emissions
Please provide additional explanation:
E7. What were the company’s gross Scope 3 global greenhouse gas emissions (GHG) for the reporting period?
Linked to: CDP C6.1 (2022), CDP C6.3 (2022), CDP C6.5 (2022); GRI Disclosures 305-1, 305-2, 305-3 (2016); ISAR B.3.1; ISAR B.3.2
(Multiple choice– Select one)
We fully measured Scope 3 GHG emissions [Please input the measured tCO2e in the text box below]
We partially measured Scope 3 GHG emissions [Please input the measured tCO2e in the text box below] [Prompts E7.1]
We did not measure Scope 3 GHG emissions
Please provide additional explanation:
No complete formal measurement yet. An evaluation is completed using Quantis software: 1,490,055t See p122 of our SR21
E7.1. Which Scope 3 categories are included in the organization’s Scope 3 emissions calculation?
Linked to: GRI Disclosure 305-3 (2016); CDP C6.5 2022
(Multiple choice – Select all that apply)
Purchased goods and services
Capital goods
Fuel- and energy-related activities
Upstream transportation and distribution
Waste generated in operations
Business travel
Employee commuting
Upstream leased assets
Downstream transportation and distribution
Processing of sold products
Use of sold products
End-of-life treatment of sold products
Downstream leased assets
Franchises
Investments
Other - upstream
Other - downstream
Unknown
Please provide additional explanation:
E8. What percentage of the company’s revenue was invested in R&D of low-carbon products/services during this reporting period?
Linked to: CDP C4.3c (2022), CDP4.2b (2022); (partially linked to) ISAR A.3.3
(Matrix – Text Box with option for Unknown or N/A)
Percent of revenue (Please input a whole number e.g., 50% = 50)
Unknown
Not applicable (Please provide additional information in the mandatory text box)
R&D for low-carbon products/services
Please provide additional explanation:
Current figure is 0.4% of total revenue. Extensive investment takes place but the financial figures (% revenue)for it are not disclosed. 75% of our R&D pipeline is dedicated to products with superior sustainability characteristics. Example: In ferrous, push to develop sales of feedex and coatings for thin-section automotive components, and products for turbo-charger casting. Invest in R&D, marketing and sales force. In non-ferrous, develop products for HPDC and LPDC processes and increase penetration in markets with lower usage of refractories. Investing to renew equipment to the best available technologies and converting to less CO2 intensive energy sources – When possible, replacing high CO2e emission electricity (generated from coal) with greener electricity or other sources of energy – Reducing our energy wastage, recovering heat to feed processes and hot water – Generating clean energy While Vesuvius’ products differ significantly in the energy intensity of their manufacture, most of our manufacturing processes are not energy intensive nor do they produce significant quantities of waste and emissions. Dolime production, which uses coal to calcine dolomite, is our major emitter of CO2. Dolime and the next six of our 32 main manufacturing processes account for 73% of our energy consumption and 79% of our location-based CO2e emissions. These continue to be a clear focus for our investment to reduce CO2e emissions. Between 2019 and 2022 the Group achieved an overall reduction in energy intensity (normalised to per metric tonne of product packed for shipment) of 6% vs a target of 10% by 2025.
E9. Has the organization acted to support climate change adaptation and resilience?
Linked to: GRI Disclosure 201-2-a-iv (2016)
(Select all that apply)
We have taken action to increase organization-wide resilience to climate change
We have taken action to increase resilience in our supply chains
We have taken action to increase resilience in the communities in which we operate
We have provided funding for climate change adaptation and resilience initiatives and projects
We have not taken actions to build climate change resilience in the reporting period
Unknown
Please provide additional explanation:
SR p40, for example
Energy/Resource Use
E10. Please report the company’s renewable energy consumption as a percentage of total energy consumption in the reporting period.
Linked to: ISAR B.5.1; GRI Disclosure 302-1 (2016)
(Matrix – Text Box with option for Unknown)
% of total energy consumption (Please input a whole number e.g., 50% = 50)
Unknown
Renewable energy consumption as % of total energy consumption:
Please provide additional explanation:
SR21 p39, p117 Energy from renewable sources (‘000 kWh) 117,855 Total electricity consumption (‘000 kWh) 196,346 Electricity from renewable sources (% of total): 58%
Technology
E11. What percent of the company’s revenue came from low-carbon products/services during this reporting period? If applicable, please give a description of the products/services included in your calculation (e.g., relevant certifications)
Linked to: SASB CG-MR-410a.1a; WEF Common Metrics
(Matrix – Text Boxes with option for Unknown or N/A)
Percent of total revenue (%) (Please input a whole number e.g., 50% = 50)
Unknown
Not applicable (Please provide additional information in the mandatory text box)
Low-carbon products and services/total revenue for the reporting period
Please provide additional explanation:
Extensive product development and customer engagement delivers energy efficiencies. Sales generated by market-leading sustainable products: 17.9% (AR 21 p72) Our products enable our customers to improve their own carbon footprint Our solutions help to improve safety, quality and consistency. They reduce energy usage, and lessen the environmental impact of the steel-making process Our castings contribute to the improvement of product quality and manufacturing efficiency whilst reducing the environmental impact of the casting process The opportunities we have identified are integrated into the Group’s business strategy and are being pursued by the relevant BUs. See Our business on p1–33 of our Annual Report. TCFD transition risk: A very rapid transition from iron to aluminium for light vehicle castings would affect our revenue in the iron castings market.
Materiality-specific Questions
E12. Which of the following has the company identified as material environmental topics connected with its operations and/or value chain (e.g. the most severe actual or potential negative impacts on people and/or the environment)?
Linked to: GRI Disclosure 3-2 (2021)
(Select all that apply)
Water [Prompts questions E13 and E14]
Forests/biodiversity/land use [Prompts questions E15, E16 and E17]
Air pollution [Prompts questions E18]
Waste (e.g., chemical spills, solid waste, hazardous, plastic, etc.) [Prompts questions E19, E20, E21]
None of these topics have been identified as material by the company
Please provide additional explanation:
Materiality-specific: Water
E13. Please provide details regarding the company’s water withdrawal and consumption (own operations) during the reporting period.
Linked to: ISAR B.1.3; CDP W1.2b (2022), CDP W1.2d (2022); SASB CG-HP-140a.1; GRI Disclosures 303-3, 303-5 (2018)
(Matrix – Text Boxes with option for Unknown or N/A)
Volume of water in megaliters
Unknown
Not applicable (Please provide additional information in the mandatory text box)
Total water withdrawal:
Fresh surface water withdrawal:
Groundwater withdrawal:
Brackish surface water/seawater withdrawal:
Produced water withdrawal:
Third-party water withdrawal:
Percentage of water withdrawn in regions with high or extremely high water stress(%):
Total water consumption:
Fresh surface water consumption:
Brackish surface water/seawater consumption:
Produced water consumption:
Third-party water consumption:
Percentage of water consumed in regions with high or extremely high water stress(%):
Please provide additional explanation:
E14. Please provide details about the company’s water intensity of products in regions with high or extremely high water stress.
Linked to: CDP W1.3 (2022); CDP W1.3a (2022 )
(Matrix – Text Boxes with option for Unknown or N/A)
Cubic meter/$ OR cubic meter/product type (Please input a number e.g., 50)
Unknown
Not applicable (Please provide additional information in the mandatory text box)
Water intensity of products
Please provide additional explanation:
Materiality-specific: Forests, Biodiversity, and Land Use
E15. Please report the number and area (in hectares) of sites owned, leased, or managed by the company in or adjacent to protected areas and/or key biodiversity areas (KBA).
Linked to: GRI Disclosure 304-1 (2016); ISAR B6.1, WEF Common Metrics
(Matrix – Text Boxes with option for Unknown or N/A)
Number
Unknown
Not applicable (Please provide additional information in the mandatory text box)
Sites
Hectares
Please provide additional explanation:
E16. What area (in hectares) of natural ecosystems was converted during the reporting period in areas owned, leased, or managed by the company?
Linked to: CDP F1.3 (2022); GRI Disclosure 304-1 (2016)
(Matrix – Text Boxes with option for Unknown or N/A)
Area (hectares)
Unknown
Not applicable (Please provide additional information in the mandatory text box)
Conversion of natural resources
Please provide additional explanation:
E17. Is the company supporting or implementing project(s) focused on ecosystem restoration and protection?
Linked to: CDP F6.11 (2022); GRI Disclosure 304-3 (2016)
(Matrix – Select one option or input a number per line)
No
No, but we plan to within the next 2 years
Yes, Project(s) area to date (hectares)
Forest ecosystem restoration
Other ecosystem restoration
Reforestation
Natural regeneration
Agroforestry
Set-aside land
Biodiversity offsetting
Please provide additional explanation:
Materiality-specific: Air Pollution
E18. Where applicable, please report the company’s emissions of the following pollutants during the reporting period.
Linked to: GRI Disclosure 305-7 (2016); ISAR B.1.4
(Matrix – Text Box with option for Unknown or N/A)
Emissions (t)
Unknown (Please provide additional information in the mandatory text box)
Not applicable (Please provide additional information in the mandatory text box)
NOx
SOx
Volatile organic compounds (VOCs)
Hazardous air pollutants (HAPs)
Particulate matter (PM10)
Persistent organic pollutants (POPs)
Other (Please provide additional information)
Please provide additional explanation:
Materiality-specific: Waste
E19. In metric tonnes, please report the company’s total weight of waste generated during the reporting period.
Linked to: GRI Disclosure 306-3 (2020); (partially linked to) ISAR B.2.1
(Matrix – Text Box with option for Unknown or N/A)
Waste generated (t)
Unknown
Not applicable (Please provide additional information in the mandatory text box)
Solid waste
Please provide additional explanation:
E20. Please report the percentage of the company’s waste that was hazardous waste (e.g., hazardous waste ratio) during the reporting period.
Linked to: GRI Disclosures 306-4, 306-5 (2020); ISAR B.2.3
(Matrix – Text Box with option for Unknown or N/A)
Hazardous waste ratio (%) (Please input a whole number e.g., 50% = 50)
Unknown
Not applicable (Please provide additional information in the mandatory text box)
Hazardous waste
Please provide additional explanation:
15.4%
E21. Please report the company’s estimated metric tonnes of single-use plastic consumed wherever material along the value chain during the reporting period.
Linked to: WEF Common Metrics
(Matrix – Text Box with option for Unknown or N/A)
Single-use plastic (t)
Unknown
Not applicable (Please provide additional information in the mandatory text box)
Single-use plastics
Please provide additional explanation:
Vesuvius also offers powder coatings to its Foundry customers. These are mixed with water at the customer’s premises rather than in our plants. This offers significant environmental benefits, through the reduced consumption of plastic packaging, reduced weight and volume transported and associated CO2 emissions, and increased shelf life. In India in 2022, customers reported CO2 reductions associated with the use of INSTA* coatings of nearly 2,000 MT, while eliminating approximately 78,000 plastic buckets.
Overall Environment
E22. Briefly describe additional relevant practical actions the company has taken during the reporting period and/or plans to take to implement the environment principles, including goals set and any challenges faced and actions taken towards prevention and/or remediation.
Linked to: GRI Disclosures 3-3-c and 3-3-d (2021) for topics GRI 303 (2018), GRI 304 (2016), GRI 305 (2016), GRI 306 (2020), GRI 302 (2016)
(Text Box)
By their very nature, refractory products help our customers to reduce heat loss and the energy consumption of their processes. We are committed to making a strong contribution to the reduction of their greenhouse gas emissions. We also want to grow our engagement in the circular economy by extending the lifetime of our products, recovering and recycling more of our products after they have been used, and increasing the proportion of recycled materials in our recipes. Environmental compliance at our sites, reduction in waste and increased recycling are key to Vesuvius’ operations and can be a significant differentiator for our business. Vesuvius actively participates in measures to tackle climate change by reducing our CO2e emissions and use of raw materials, alongside helping our customers reduce their own CO2 footprint thanks to the use of our products and services. Vesuvius embraces society’s expectations for greater transparency around climate change, expressed by initiatives such as the recommendations of the TCFD. Supporting our customers According to estimates from the World Steel Association (WSA), on average for 2021, 1.91 metric tonnes of CO2 were emitted for every tonne of steel produced. The WSA also estimated that the steel industry generates between 7% and 9% of global direct emissions from the use of fossil fuels. The iron and steel industries are taking action to address the decarbonisation challenge. We want to support them and will work in partnership with them to develop more sustainable solutions. Our first commitment to reducing energy consumption and GHG emissions dates back to 2011 and the launch of Vesuvius’ Energy Conservation Plan. In 2022, our energy consumption per tonne of product packed for shipment was 19% lower than in 2010. Since 2019, we have started converting to non-CO2 emitting sources of electricity. As a result, our CO2e emissions in 2022 were 28% lower than in 2010. Circular economy:Continuous improvements have led to considerable reductions in both the raw materials used and the quantity of product shipped to landfill. As the amount of refractory material consumed per tonne of steel cast levels off, the purpose and value of the use of refractory materials will move from delivering insulation to an even greater emphasis on helping to improve steel quality and process efficiency. Our first, and preferred, strategy to reduce the depletion of resources is the extension of product durability. The amount of refractory material required per tonne of steel cast has been reduced by 80% since 1960, and the average product lifetime multiplied by as much. Approximately 10kg of refractory material are now consumed per tonne of steel cast, with some customers requiring as little as 7kg. Recyclabilioty: As part of our product end of life management programme, we are developing various initiatives with customers, such as: – Recovery and remanufacture of products after usage – Recovery and recycling of refractory materials after usage – Various options with regard to mechanisms and equipment, including rental In 2022, the ratio of solid waste (hazardous and sent to landfill) per metric tonne of product packed for shipment reduced by 13.8% vs 2019, (2021: reduced by 22.7%). The 2022 performance was notably affected by the disposal of materials that had been damaged during the severe weather event and subsequent flooding that affected our plant in Malaysia in December 2021. A few sites also disposed of waste material that had been accumulated over a long period of time In 2022, 15.4% of our solid waste (excluding recycled waste) was classified as hazardous (2021: 13.2%), while toxic waste represents 0.065% of solid waste (excluding recycled waste). Water: Various technological solutions have been implemented to reduce our water consumption and wastewater. Most noteworthy, investments in wastewater treatment installations have been made in 26 plants. Dry filter installations for particulate removal also allow far lower water consumption than wet scrubbers. In 2022, total water consumption was 678,973 cubic metres or 679 megalitres. 660 thousand metric tonnes (97.2%) were consumed in our manufacturing sites, the remaining 19 thousand tonnes (2.8%) in our R&D centres of excellence, offices and warehouses. 31,016 metric tonnes were incorporated into our finished products (4.6% of total fresh water), the balance being consumed as part of our manufacturing processes and social water (95.4%). Wastewater: Various technological solutions have been implemented to reduce water consumption and the volume of wastewater discharged. Most noteworthy, investments in wastewater treatment installations have been made in 26 sites. These represent 43% of all manufacturing sites and R&D centres of excellence. Awareness: Environmental awareness training programmes are therefore being developed in many of our sites, covering a wide range of topics, such as: – Types and sources of pollution – Scope 1, 2, and 3 CO2 emissions – Vesuvius policies and procedures – Different categories of waste and how they should be handled – Good behaviours to adopt inside and outside the Company
Anti-Corruption
Commitment
AC1. Does the company have an anti-corruption compliance programme?
Linked to: GRI Disclosure 3-3-c (2021) for the topic GRI 205 (2016)
(Radial – Select One)
No, it is not an immediate business priority
No, but we plan to within the next two years
Yes [Prompts AC1.1]
Please provide additional explanation:
AC1.1. If yes, in what year was this programme last reviewed? (YYYY)
(YYYY)
Programme last reviewed
Please provide additional explanation:
During 2022, the Group continued the due diligence review of our third-party representatives and intermediaries. Following the prior years’ enhanced review of sales agents, custom clearance agents, distributors and logistics providers, we conducted repeat due diligence. We also conducted due diligence on any new third parties introduced into the organisation.
AC2. Does your company have policies and recommendations for employees on how to act in case of doubt and/or in situations that may represent a conflict of interest, e.g., with regard to gifts and hospitality, donations, sponsorship, or interactions with public officials?
(Radial – Select One)
No, but we plan to within the next two years
No, and we have no plans to develop them
Yes, included within a broader policy or as a standalone policy
Please provide additional explanation:
Vesuvius has established a framework for explaining and embedding the culture and principles we consider to be fundamental to our success. To do this we communicate openly and transparently within the organisation, through ‘town hall’ meetings, senior management visits, management feedback, performance evaluation, 􀃩􀃡􀃝􀃯􀃱􀃮􀃥􀃪􀃣􀀃􀃯􀃰􀃝􀄪􀀃􀃡􀃪􀃣􀃝􀃣􀃡􀃩􀃡􀃪􀃰􀀃􀃝􀃪􀃠􀀃 responding to the feedback we receive. Critically, there is ongoing and consistent communication of our CORE Values and the principles of our Code of Conduct. 􀃖􀃤􀃥􀃯􀀃􀃥􀃯􀀃􀃱􀃪􀃠􀃡􀃮􀃬􀃥􀃪􀃪􀃡􀃠􀀃􀃞􀃵􀀃􀃡􀃪􀃣􀃝􀃣􀃥􀃪􀃣􀀃􀃯􀃰􀃝􀄪􀀃 across the Group in both general and targeted training, to ensure a consistent understanding of our policies and procedures. This transparency of communication also extends to our stakeholders. We want to increase the knowledge and understanding of our stakeholders, through internal and external reporting, and transparent and meaningful disclosure. Our Sustainability Report is a key part of this. Code of Conduct Our Code of Conduct sets out the standards of conduct expected, without exception, of everyone who works for Vesuvius in any of our worldwide operations. The Code of Conduct emphasises our commitment to ethics and compliance with the law, and covers every aspect of our approach to business, from the way that we engage with customers, employees, the markets and other stakeholders, to the safety of our employees and workplaces. Everyone within Vesuvius is individually accountable for upholding its requirements. We recognise that lasting business success is measured not only in 􀃫􀃱􀃮􀀃􀄦􀃪􀃝􀃪􀃟􀃥􀃝􀃨􀀃􀃬􀃡􀃮􀃢􀃫􀃮􀃩􀃝􀃪􀃟􀃡􀀆􀀃􀃞􀃱􀃰􀀃􀃥􀃪􀀃􀃰􀃤􀃡􀀃􀃳􀃝􀃵􀀃 we deal with our customers, business associates, employees, investors and local communities. The Code of Conduct is displayed prominently at all our sites and is published in our 29 major functional languages. It is available to view at: www.vesuvius.com. We continue to enhance the policies that underpin the principles set out in the Code of Conduct. These assist employees to comply with our ethical standards and the legal requirements of the jurisdictions in which we conduct our business. They also give practical guidance on how this can be achieved. Available in 29 languages. https://www.vesuvius.com/en/sustainability/our-policies/code-of-conduct.html Ethics hotline https://secure.ethicspoint.eu/domain/media/en/gui/106679/index.html Supplier portal: https://www.vesuvius.com/en/supplier-portal/anti-bribery.html

Code_of_conduct_ENGLISH_v8.pdf
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Vesuvius ABC policy 2018 FINAL English NRF.pdf
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Prevention
AC3. Who receives training on anti-corruption and integrity?
Linked to: WEF Common Metrics; GRI Disclosure 205-2 (2016)
(Select all that apply)
Select employees [Prompts AC3.1]
All employees [Prompts AC3.1]
Contractors [Prompts AC3.1]
Direct suppliers of the organization [Prompts AC3.1]
Indirect suppliers of the organization [Prompts AC3.1]
Other – such as partners, clients, etc. [Prompts AC3.1]
No training provided
Please provide additional explanation:
No one at Vesuvius will engage in any form of bribery – i.e. we must never promise money, reward, favour or a benefit to a person or Public Official to improperly influence the conduct or judgement of that person. 1.3 Therefore, no Vesuvius director, officer or employee or Third Party2 acting on behalf of Vesuvius will: • Offer a bribe to any person; • Accept a bribe from any person; and/ or • Engage in any form of indirect bribery by offering or receiving any bribe through a third party. Policy applies: • to all directors, officers and employees of Vesuvius, and where appropriate, to third parties performing services on behalf of Vesuvius; • throughout the Vesuvius group, including Vesuvius plc and its subsidiaries (“Vesuvius”), irrespective of the country where business is conducted and/or a business unit is situated. The principles contained in the Policy must be applied in all countries, even if they are more stringent than local law. Where local laws are more stringent than this Policy, then those local laws must also be complied with. All employees and contractors receive communication; all governance body members receive training on the related policies, across all regions. Page 88 of SR21 provides training hours breakdown, e.g. Anti-Bribery and Corruption training was delivered to 4,917 people in 2022. Compliance training provided during 2022 included: – An annual mandatory e-learning module for Anti-Bribery and Corruption, available in 22 of our functional languages – Webinar and face-to-face training hosted by the Compliance team to staff at several sites covering Anti-Bribery and Corruption, Speak Up and trade sanctions – Updated face-to-face training for senior management on the overall compliance framework and process for policy and procedure implementation and monitoring – New Senior Manager compliance induction training – all new senior leaders receive dedicated training from the Compliance Team. This induction contains training and guidance on all relevant Compliance policies and procedures.
AC3.1. How often is such training provided?
(Matrix – Select one answer option per line)
One time only
Every two or more years
Every year
We do not collect this data
Select employees
Direct suppliers of the organization
Please provide additional explanation:
The Board has set a target of at least 90% of targeted staff completing the Anti-Bribery and Corruption training annually. 4,917 employees, representing 99% of the targeted staff and 44% of the total full- and part-time employees, completed the 2022 Anti-Bribery and Corruption training.
AC4. Does the company monitor its anti-corruption compliance programme?
Linked to: GRI Disclosure 3-3-e (2021) for the topic GRI 205 (2016); SDG Action Manager - SDG 16: Peace, Justice, and Strong Institutions
(Select all that apply)
Review topics on ad hoc basis
Yes, through internal employee self-evaluations
Yes, through automated controls monitoring
Yes, through external independent monitoring
Yes, through other mechanisms (Please provide additional information) [Makes text box mandatory]
No, we do not monitor the anti-corruption compliance programme (Please provide additional information) [Makes text box mandatory]
Please provide additional explanation:
As part of our communication around anti-bribery and ethics, employees are actively encouraged to consult on ethical issues. They have open access to the Compliance Director and Legal function who provide support on a regular basis. During 2022, the Group continued the due diligence review of our third-party representatives and intermediaries. Following the prior years’ enhanced review of sales agents, custom clearance agents, distributors and logistics providers, we conducted repeat due diligence. We also conducted due diligence on any new third parties introduced into the organisation. Concerns relating to a breach of the Policies can be reported using www.vesuvius.ethicspoint.com AR page 25: Responsible procurement & Trust and ethics are monitored using a rigorous supplier accreditation programme. Vesuvius has partnered with an independent third-party service provider – EcoVadis – to rate our raw materials suppliers using a detailed set of criteria. These cover four themes and 21 criteria based on international standards: Labour and Human Rights; Ethics; Environment; and Sustainable Procurement.
Performance
AC5. Please report the company’s total number and nature of incidents of corruption during the reporting year. If applicable, please describe the nature of the incidents in the text box below
Linked to: GRI Disclosure 205-3 (2016); WEF Common Metrics; ISAR D.2.1
(Matrix – Text Boxes with option for Unknown or N/A)
Number of incident(s) (Please describe the nature of the incidents in the text box below)
Unknown
Choose to not disclose
Confirmed during the current year, but related to previous years
Confirmed during the current year, and related to this year
Please provide additional explanation:
No corruption cases recorded. During 2022, the Board received updates on the nature and volume of reports received from the confidential Speak Up helpline, key themes emerging from these reports and the results of any investigations undertaken. Further details on specific issues were provided where requested. In 2022, the Group received 141 reports (2021: 93) through the Speak Up facility and 38 walk-in reports (2021: 94). Each one of these was reviewed and, where appropriate, investigated. Similar to 2021, a substantial majority of these reports related to HR issues which indicated no compliance concerns, nor serious breaches of the Code of Conduct. Of the small number of reports received that contained allegations of a breach of our Code of Conduct, thorough investigations were performed and, where appropriate, disciplinary action was taken.
Response and Reporting
AC6. Within the reporting period, what measures has the company taken to address suspected incidents of corruption independently or in response to a dispute or investigation by a government regulator?
Linked to: GRI Disclosure 3-3-d (2021) for the topic GRI 205 (2016); Reporting Guidance on the10th Principle Against Anti-corruption – B3
(Select all that apply)
Initial case assessment
Internal investigation
Review by risk/ethics committee
Review by board of directors
External audit/review
Other (Please provide additional information) [Makes text box mandatory]
Not applicable/no incidents in the reporting period
Please provide additional explanation:
No incidents of corruption. The supplier sustainability assessment methodology complies with international standards (e.g. ISO 26000, GRI, ILO, UN Global Compact ["Corruption, Anti-competitive Practices"]). It includes the assessment of policies, measures, certifications, and reporting, along with the endorsement of external CSR initiatives and principles. Supplier sustainability assessments: As part of our sustainability agenda, Vesuvius has implemented a Supplier Sustainability Assessment programme, setting targets for the proportion of the total raw material spend value covered by the assessment. The topic boundary extends to all suppliers of goods either used in our manufacturing processes and/or sold directly by us to customers, including Resale suppliers. Group procurement and regional procurement teams are heavily involved in the programme. In 2022, 23 (2021: 94; total to date: 118) employees from these teams have received specific training on supplier sustainability assessments (100% of the target group). In 2019, the Board approved a target to assess at least 50% of our raw material spend by the end of 2023. Various criteria were chosen to select participating suppliers such as supplier size and risk metrics, including: – Category of raw material – Availability of alternative sources – Share of supplier revenue with Vesuvius – Grades in previous assessments – New suppliers – Supply chain incidents Since its launch, 230 suppliers have joined the programme, representing a spend value of £280m, being approx. 14% of the Group’s raw material suppliers, representing 48% of the Group’s raw material spend, and 33% of the Group’s spend on goods used in our manufacturing processes and/or sold directly by us to customers. Of the rated suppliers, 13% did not meet the minimum score defined by Vesuvius and were asked to implement improvement actions within a three-year timeline. Routine reviews and an annual reassessment will enable progress to be measured. The average overall score of Vesuvius suppliers was 50.6 against an industry benchmark of 44.8 across the critical themes. Child labour risk: By the end of 2022, suppliers representing 99.4% of our mica spend had already confirmed that they did not employ any child labour and had completed, or were in the process of undergoing, a Sustainability Assessment. We have since exited our relationships with those suppliers not willing to undergo a sustainability assessment. In 2022, we initiated a similar process with our suppliers of graphite. By the end of 2022, suppliers representing 69% of our graphite spend had already confirmed that they did not employ any child labour and had completed, or were in the process of undergoing, a sustainability assessment.
AC7. Does your company engage in collective action against corruption?
Linked to: GRI Disclosure 3-3-d (2021) for the topic GRI 205 (2016)
(Radial – Select One)
No, but we plan to within two years
No, it is not an immediate business priority
Yes (Please explain) [Makes text box mandatory]
Please provide additional explanation:
UNGC Principles embedded in assessment processes. Supplier sustainability assessment methodology and criteria Vesuvius has partnered with an independent third-party service provider – EcoVadis – to rate our raw materials suppliers using a detailed set of criteria. The supplier sustainability assessment methodology complies with international standards (e.g. ISO 26000, GRI, ILO, UN Global Compact). It includes the assessment of policies, measures, certifications, and reporting, along with the endorsement of external CSR initiatives and principles. Supplier assessments are carried out via a combination of questionnaires completed by suppliers, the collection of supporting documents and evidence, and the monitoring of a large number of sources (government agencies, compliance databases, sustainability networks, international organisations, NGOs, trade unions and specialised press). Supplier assessments cover a wide range of topics, covering four themes and 21 criteria based on international standards: Labour & Human Rights, Ethics, Environment, and Sustainable Procurement. Supplier development Vesuvius is very proud of the close relationships we have with our suppliers around the world. We work with them to ensure that the highest-quality materials and products enter our supply chain. The process entails an extremely comprehensive review including research and development to ascertain compatibility of suppliers’ products. See also p110 in our SR21: "We focus our efforts on seven SDGs [...] and targets which are particularly relevant to our business and where we believe we can make the most meaningful contribution."
AC8. Briefly describe additional relevant practical actions the company has taken during the reporting period and/or plans to implement the anti-corruption principle, including goals set and any challenges faced and actions taken towards prevention and/or remediation.
Linked to: GRI Disclosures 3-3-c and 3-3-d (2021) for the topic GRI 205 (2016)
(Text Box)
The Board holds overall accountability and oversight for all matters related to sustainability and the management of all risks and opportunities. In 2020, with the launch of the Group’s new Sustainability initiative, a governance structure was established, comprising a Sustainability Council, supported by the new role of VP Sustainability, and a clear set of KPIs and targets were delineated. Vesuvius’ operating policies underpin the principles set out in our Code of Conduct. ---- We engage with various third-party representatives and intermediaries in our business. We recognise that they can present an increased bribery and corruption risk. Our procedure on working with third parties clearly outlines our zero-tolerance approach to bribery and provides practical guidance for our employees in identifying concerns and how to report them. Vesuvius engages with third-party sales agents, many of whom operate in countries where we do not have a physical presence. Our employees’ use of, and interaction with, sales agents is supported by an ongoing training programme for those who have specific responsibility for these relationships. As part of our communication around anti-bribery and ethics, employees are actively encouraged to consult on ethical issues. They have open access to the Compliance Director and Legal function who provide support on a regular basis. Risks and applicable rules are outlined in our Anti-Bribery and Corruption Policy. The Group Executive Committee has responsibility for the Policy, which is available to view at: www.vesuvius.com. During 2022, the Group continued the due diligence review of our third-party representatives and intermediaries. Following the prior years’ enhanced review of sales agents, custom clearance agents, distributors and logistics providers, we conducted repeat due diligence. We also conducted due diligence on any new third parties introduced into the organisation. Our due diligence processes will continue to be extended using a risk-based approach during 2023 and beyond. ---- The major elements of the Sustainability Procurement Policy are: – Employees and human rights – Ethical and compliant business practices – Environment – Quality – Business continuity – Documentation and Verification encompassing Supplier due diligence and Supplier assessments Since its launch in 2021, 181 suppliers (51% of the targeted group participating in the RFQ process) representing a spend of £213m, have already formally agreed to comply with the Policy. --- Overall, our objective is to encourage suppliers to implement a meaningful sustainability programme, embrace the UN Global Compact principles, evaluate and reduce our upstream CO2 emissions and identify potential risks (and if necessary, address them) in our supply chain. The satisfaction of our customers’ requirements, the safety and reliability of Vesuvius’ products, and the efficiency of Vesuvius’ internal processes are dependent on the reliability of its network of suppliers ---- It is Vesuvius’ policy to prohibit the use of conflict minerals in its products. This policy, over which the Group Executive Committee has oversight, covers 100% of Vesuvius’ operations, as well as its suppliers. Vesuvius is committed to working only with suppliers that respect the UN Global Compact’s ten principles, and in particular do not employ child labour. We have engaged in a process of verifying our supplier base of mica and graphite as these industries have been widely recognised as a risk in this respect Vesuvius provides a whistleblowing channel (Speak Up) for all employees, customers, and suppliers of the Group. The Speak Up Policy is under the responsibility of our Board, and is included in our Code of Conduct ----

Sustainability Reports*

Vesuvius_SR22_Interactive_FINAL.pdf

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