Sustainability context

The Masterplast Group is committed to environmental sustainability and contributes to the reduction of carbon emissions. Buildings and residential houses are the largest emitters, and by their energy efficiency renovation a large reduction in carbon emissions can be achieved. Masterplast Group, as a major player in the insulation materials market, contributes to the energy efficiency upgrade and to the reduction of energy consumption of the building stock, both in terms of new and existing building and facilities.

Masterplast’s vision is that buildings are temporary storage for building materials. In 2020, the Group acquired Fidelis Bau Kft., a company dealing with the recycling of polystyrene and the production of lightweight insulating concrete. Taking advantage of the opportunity arising from this cquisition, Masterplast launched a unique circular economy in the construction materials industry in Hungary, in the framework of which it produces thermo concrete by collecting polystyrene. Through its Eco-Point partner network Masterplast collects the construction residues from the polystyrene products it supplies and recycles them 100%, producing again thermal insulation material and in this way consider ably reducing the amount of waste on the construction site. In 2020, the amount of specific waste in fiberglass mesh production further decreased with the increase in production technology discipline, with important machine developments supporting improved and reduced waste generation. It pays close attention to energy use in both logistics and manufacturing.