CTT Systems - ESG profile
25 september 2020
CTT’s core mission is to solve the humidity paradox of too-dry cabins and too-wet fuselages (due to 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. Concerning the ongoing COVID-19 pandemic, we believe CTT’s humidifiers in combination with particle filters will help address the need for higher air quality in aircraft. CTT’s dehumidifiers (dryers) could generate significant fuel savings, and by extension reduced carbon emissions. The company says that 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 centred 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 low employee turnover and absenteeism. 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.