NOTE AB (publ)
Climate Impact & Sustainability Data (2023)
Reporting Period: 2023
Environmental Metrics
Total Carbon Emissions:3,062 tCO2e
Scope 3 Emissions:1,007 tCO2e (freight)
Renewable Energy Share:64%
Total Energy Consumption:10,283,728 kWh
Water Consumption:66,364 m3
Waste Generated:612 tons
ESG Focus Areas
- Carbon-neutral production
- Workplace health & safety
Environmental Achievements
- 64% of electricity consumed was from renewable sources
- 77% of waste generated was recycled
Social Achievements
- Two plants were ISO 45001 certified
- 28 work-related incidents reported, one work-related injury causing one day’s sickness absence
- Employee survey response rate of 84%
Governance Achievements
- Anna Belfrage elected as new Chairman of the Board
- Egil Dahl elected as a new Board member
Climate Goals & Targets
Long-term Goals:
- 100% carbon neutral operations (Scope 1-2)
Environmental Challenges
- Unusually long delays to customer orders impacting capacity utilization
- Excess capacity at several plants due to lower growth rate
- Lower order intake due to improved material availability and shorter lead times
Mitigation Strategies
- Adaptations to workforce to match expected sales rate in early-2024
- Breaking inventory build-up at plants to deliver positive cash flows
Supply Chain Management
Responsible Procurement
- Code of Conduct
- UN Global Compact's Ten Principles
- Focus on suppliers with sustainable and responsible standpoints
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: UN Global Compact, CSRD (Corporate Sustainability Reporting Directive), GHG Protocol
Certifications: ISO 14001, ISO 45001, ISO 9001
Third-party Assurance: Öhrlings PricewaterhouseCoopers AB