Comap Publishes ESG Report for 2024, Successfully Fulfilling Its Goals

ComAp, a global leader in smart control solutions, has published its second Environmental, Social, and Governance (ESG) Report, this time for 2024.  As the company positions itself as an enabler of the energy transition, its approach to sustainability and the maturity of its ESG programme further reinforce this commitment. The report reflects ComAp’s data-driven approach to sustainability, demonstrated through its double materiality assessment, ESG risk analysis, and carbon footprint calculations. It also highlights the company’s progress toward its targets, including a notable achievement: 52% of its revenues now come from EU Taxonomy-eligible products, surpassing its original goal set for 2030.

“Even though the EU has officially postponed the reporting requirements and is working on narrowing the scope of companies required to report non-financial data—meaning ComAp may no longer fall under the obligation—we remain firm in our dedication to sustainability, reflected in our proactive approach to ESG. We are glad that ESG data is increasingly in demand among our customers. It is not only a competitive advantage these days, but in many cases, a necessity to start doing business with large companies,” says Frédéric Deman, ComAp’s CEO.

Environmental commitments and CO2 emissions decrease

ComAp’s overall CO2 emissions from Scopes 1, 2, and 3 decreased by 5% compared to 2023. The company committed in 2023 to reduce Scope 1 and 2 emissions by 50% by 2030 and set an ambition to reduce Scope 3 emissions by 20% by 2030.

Scope 1 emissions decreased by 3.3%, including direct emissions from company-owned and controlled resources such as vehicles and energy consumption at company premises. Scope 2 emissions decreased by 25%, mainly due to the purchase of more sustainable energy for offices. Scope 3 emissions decreased year-on-year by 5%, covering emissions connected to our products’ lifecycle.

“We have already achieved our goal to raise revenues from EU Taxonomy-eligible products and services above 50%, reaching 52% in 2024. This was enabled by our continued  dedication to developing innovative, sustainable solutions. As we have already met this revenue goal, we are now planning to raise it after the EU Taxonomy revision,” says Petr Matas, CMO of ComAp.

Social area: Maintaining promotion rate and EU Pay Transparency Directive preparations

In 2024, ComAp worked on lowering the adjusted gender pay gap and preparing for the upcoming EU Pay Transparency Directive. The promotion rate increased by 2% and reached the long-term goal of 13%. The employee satisfaction rate also exceeded the long-term goal of 75%, reaching 84%. The company succeeded in encouraging its employees to take part in volunteering activities, with a 34% year-on-year increase in volunteering hours.

Governance: Stability with an agile mindset

“ComAp’s governance benefits from strong stability and an agile mindset that fosters innovation and excellence. Our vision is shared throughout the company, and each employee works towards the shared goal of a more sustainable future,“ says Markéta Málková, Member of the Board of Directors, representing the next family generation in the company’s governance. In addition to previously established company commitments, such as following the UK Corporate Governance Code, operating a whistleblowing system or maintaining zero instances of bribery, ComAp has also introduced a new compliance framework to manage risks associated with emerging technologies such as AI.

Read the full ESG report here.