TMD Friction has released its first Environmental, Social, and Governance (ESG) Report. This report outlines the company’s accomplishments in sustainability practices and its goals for the future.
TMD Friction’s ESG report highlights its dedication to environmental responsibility, ethical business practices, and employee well-being. The company has made significant progress in these areas, including:
- Reducing landfill waste by 41% between 2021 and 2023.
- Lowering Lost Time Accidents by 46% and accident-related work hour losses by 61% in the same period.
- Implementing an Employee Assistance Programme to support employee health and well-being.
- Decreasing overall global energy consumption by 17% from 2021 to 2023.
- Increasing the use of renewable energy across global operations by over 100,000 MW in 2023.
- Partnering with Iberdrola to source 100% renewable electricity by 2030.
- Installing solar panels at its Valencia, Spain factory, generating 15% of the facility’s energy needs in 2023.
TMD Friction has a history of developing innovative brake friction solutions that minimise environmental impact. The company was the first to introduce copper-free brake pads for high-performance vehicles and lightweight brake pads for commercial vehicles. It also played a key role in shaping the new Euro 7 emissions standard and the development of the Eco-Table, a widely recognised standard for classifying the environmental impact of friction materials.
Sustainability Roadmap 2040
The ESG report also details TMD Friction’s Sustainability Roadmap 2040, outlining ambitious goals for the future. These goals include:
- Reducing energy consumption and landfill waste.
- Improving employee well-being.
- Expanding responsible sourcing practices.
- Using 100% recyclable packaging by 2040.
- Phasing out copper in all new brake pad developments by 2025.
The publication of the ESG report marks a significant step forward in TMD Friction’s commitment to sustainability. The report demonstrates the company’s progress and sets ambitious goals for the future. TMD Friction aims to be a leader in sustainable mobility solutions and an ethical business partner.
The full ESG Report can be downloaded from the TMD Friction website by clicking here.