CTT Systems
CTT Systems - ESG profile (ABG Sundal Collier)
2019-05-17 13:30
Well-positioned to reduce air travel’s carbon footprint
CTT’s core mission is to solve the humidity paradox of too-dry cabins and fuselages that are too wet because of condensation. The company’s humidifiers offer a benefit for passengers and crew and contribute to a concrete improvement in a better working environment for pilots. Also, CTT’s dehumidifiers (dryers) could generate significant fuel savings, and by extension reduced carbon emissions. The company says a single dehumidifier can reduce fuel consumption by 0.4-0.6%, or 25-38,000 litres of fuel and 65-95 tonnes of reduced CO2/NOX per year. Thus, we believe CTT is well-positioned to gain from, and contribute to, the reduction in fossil fuel consumption within air travel. Although a humidifier increases water consumption and weight, a humidifier/dehumidifier combination still results in net fuel savings.
Internal focus on employees, well-being and water
CTT’s operations are local and centered on its two facilities in Nyköping and Nybro. The company’s first official sustainability policy was adopted in 2017, where efforts are mainly focused on personnel well-being, equality and reduced water consumption. Although we lack historical data, we believe CTT’s employee profit sharing foundation, on-the-job training, and leisure/fitness grants are actions taken that contribute to lower employee turnover and absenteeism. The share of women in the workforce has increased over time. We believe the main risks for CTT relate to uncertainty of chemicals and other waste being used for products that CTT sources. The company is addressing this by evaluating whether its suppliers fulfil environmental certifications (38% evaluated as of 2018).
CTT’s core mission is to solve the humidity paradox of too-dry cabins and fuselages that are too wet because of condensation. The company’s humidifiers offer a benefit for passengers and crew and contribute to a concrete improvement in a better working environment for pilots. Also, CTT’s dehumidifiers (dryers) could generate significant fuel savings, and by extension reduced carbon emissions. The company says a single dehumidifier can reduce fuel consumption by 0.4-0.6%, or 25-38,000 litres of fuel and 65-95 tonnes of reduced CO2/NOX per year. Thus, we believe CTT is well-positioned to gain from, and contribute to, the reduction in fossil fuel consumption within air travel. Although a humidifier increases water consumption and weight, a humidifier/dehumidifier combination still results in net fuel savings.
Internal focus on employees, well-being and water
CTT’s operations are local and centered on its two facilities in Nyköping and Nybro. The company’s first official sustainability policy was adopted in 2017, where efforts are mainly focused on personnel well-being, equality and reduced water consumption. Although we lack historical data, we believe CTT’s employee profit sharing foundation, on-the-job training, and leisure/fitness grants are actions taken that contribute to lower employee turnover and absenteeism. The share of women in the workforce has increased over time. We believe the main risks for CTT relate to uncertainty of chemicals and other waste being used for products that CTT sources. The company is addressing this by evaluating whether its suppliers fulfil environmental certifications (38% evaluated as of 2018).
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