How ROCKWOOL creates impact
ROCKWOOL helps create economic growth and supports job creation through three main channels:
- Our own activities and purchases from suppliers;
- The energy savings created by the use of our products; and,
- Contribution through employment
One of the 17 UN Sustainable Development Goals - SDG8 – specifically focuses on sustainable growth and full employment. The aim of SDG8 is to promote sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all.
Nearly half a billion people worldwide lack decent jobs, according to a new ILO report[1]. Responsible companies can help create sustainable social economies both globally and locally by creating economic growth, employment and decent work for all.
Our business is local, meaning we produce close to our customers and hire from the communities where we operate[2]. Currently 16 of Rockwool’s 19 stone wool producing factories in Europe are in non-urban areas. These areas are often associated with higher unemployment and lack of opportunities for local jobs. For ROCKWOOL, building and operating a production facility is a long-term investment. We believe that communities and countries can be empowered when corporations become active neighbours and contributors to the economy.
[1] ILO, 2020, ‘World Employment and Social Outlook – Trends 2020’.
[2] For instance, around 90 percent of our sales do not cross a customs border.
[3] The calculation model is an Input-Output model using EUROSTAT data. The methodology, assumptions and information about the study are available here: www.rockwoolgroup.com/socioeconomic-impact