Our context Selenis operates in an uncertain economic and geopolitical environment, facing challenges such as rising energy prices, fossil energy dependence, humanitarian crises, and increasing demands from clients and consumers for sustainability and wellbeing. Despite progress in recycling rates, there's a global plastics waste management problem. The industry is moving towards a circular economy through investments in improving recycling infrastructure and sorting technology, collective action on consumer education, policy, and regulations, with notable policy changes in regions like the EU and the USA. Chemical depolymerisation technologies hold potential for improving PET circularity.
Key risks
Instability in energy prices Fluctuations in energy costs driven by climate change impacts, like extreme weather events and geopolitical tensions, affect energy markets. Scarcity of PCR (post-consumer recycled) materials Shortages in recycled materials due to increased demand, limited collection infrastructure, or disruptions in recycling supply chains. New tax frameworks for virgin PET and waste Introduction of taxes or levies on virgin PET production or waste generation to incentivise recycling and reduce environmental impact. Foreseeable taxation on CO₂ emissions Anticipation of taxes or penalties based on carbon emissions to encourage emission reductions and promote environmentally sustainable practices. Extraordinary energy expenses for temperature mitigation Additional costs incurred to mitigate the impacts of rising temperatures on operations, such as increased air conditioning or cooling requirements. Potential operational costs due to non- ESG compliant suppliers Costs associated with finding alternative suppliers compliant with Environmental, Social, and Governance (ESG) standards if current suppliers fail to meet sustainability criteria.
Higher energy and logistic expenses Increased costs related to energy consumption and logistics due to factors like rising fuel prices, transportation
disruptions, or inefficiencies. Operational costs for water management efficiency
Expenses associated with implementing water management measures to improve efficiency, reduce consumption, and comply with regulatory requirements. Increase in raw material costs Rising costs of raw materials due to factors such as geopolitical tensions, logistic barriers, or supply chain disruptions. Ecological and social barriers to plastics Challenges posed by environmental concerns and societal pressure against the use of plastics, leading to potential restrictions, bans, or consumer backlash. Changes in environmental legislation Anticipation of regulatory changes impacting business operations, such as stricter environmental standards, waste management requirements, or emissions limits.
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STRATEGY
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INNOVATION
ENVIRONMENT
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ADDENDUM & GRI
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