Nefab AB

Climate Impact & Sustainability Data (2023)

Reporting Period: 2023

Environmental Metrics

Scope 1 Emissions:16,943 tCO2e (2023)

Scope 3 Emissions:569,285 tCO2e (2023)

Waste Generated:13,707 tons (2023)

ESG Focus Areas

Climate action
Circular economy
People empowerment
Responsible business practices

Environmental Achievements

Reduced customers' emissions by 1,044,000 tons of CO2eq in 2023.
57% of waste recycled in operations in 2023.
14% of packaging solution sales are more sustainable (services excluded) in 2023.

Social Achievements

Launched internal educational program “Bring the purpose to life” in 2023.
65 community managers certified as Climate Fresk trainers.
Updated Code of Conduct to include additional customer requirements.

Governance Achievements

Sustainability embedded as a pillar in the corporate governance model.
Joined the Science Based Targets initiative (SBTi).

Climate Goals & Targets

Long-term Goals:

Reduce Scope 1 & 2 emissions by -50% by 2030.
Increase percentage of packaging solution sales that are more sustainable to 75% by 2030.
Increase waste recycled in operations to 95% by 2030.
Increase share of Sustainability related KPI in the Bonus to >15% by 2030.
Help customers reduce their GHG emissions by 10 million tons accumulated from 2021 to 2030.

Medium-term Goals:

Reduce Scope 1 & 2 emissions by -35% by 2027.
Increase percentage of packaging solution sales that are more sustainable to 50% by 2027.
Increase waste recycled in operations to 80% by 2027.
Increase share of Sustainability related KPI in the Bonus to 15% by 2027.

Short-term Goals:

Reduce Scope 1 & 2 emissions by -10% by 2024.
Increase percentage of packaging solution sales that are more sustainable to 20% by 2024.
Increase waste recycled in operations to 60% by 2024.

Environmental Challenges

Complying with sustainability regulations in multiple regions.
Stricter legal requirements for plastic recycling.
Regulations increases regarding well managed forests.
Rapid advancements in energy efficiency and sustainable tech may result in obsolescence.
Disruption of existing products and services with lower emissions options.
Unsuccessful investment in new technologies.
Mono-material/increased recycling demands.

Mitigation Strategies

Proactive compliance planning and investment in sustainable practices.
Developing a Plan to Ensure FSC, PEFC, and SFI Certification for our Sites and Suppliers.
Transparent communication of targets and achievements.
Building stronger returnable offering and improved one-way packaging suitable for regional flows.
Improving external branding and employer value proposition.
Implementing controls to minimize risks from natural hazards.
Investing in sustainable technologies, responsible sourcing, and innovative solutions.
Thorough process for innovation and materials assessment.
Creating product strategies aiming at competitive and sustainable offering.

Supply Chain Management

Responsible Procurement

Sourcing from responsibly managed forests.
Compliance with Nefab Code of Conduct.

Climate-Related Risks & Opportunities

Physical Risks

Flooding, wildfires, extreme precipitation, coastal storms, sea level rise

Transition Risks

Current sustainability regulations
Plastic/recycling legislation
Well managed forests
Reputation
Regionalization
Attracting top talent resources

Opportunities

Development of energy-efficient products

Reporting Standards

Frameworks Used: CDP, SBTi, UN Global Compact

Certifications: ISO 14001

UN Sustainable Development Goals

SDG 5: Gender equality
SDG 8: Decent work and economic growth
SDG 12: Responsible consumption and production
SDG 13: Climate action
SDG 15: Life on land

Nefab's initiatives support these SDGs through various actions such as reducing carbon footprint, promoting eco-friendly materials, fostering a diverse and inclusive work environment, and ensuring responsible sourcing.

Sustainable Products & Innovation

Fiber flute and wood foam cushioning materials
Reusable plastic cushioning solution from 100% recycled content