Nilfisk Holding A/S

Climate Impact & Sustainability Data (2020)

Total Carbon Emissions:5,289 MtCO2 eq*

Scope 1 Emissions:5,289 MtCO2 eq*

Scope 2 Emissions:6,281 MtCO2 eq*

Water Consumption:108,465 m3

Signed up to the Science Based Targets initiative: Commitment to a minimum reduction of 35% in absolute GHG emissions within Scope 1 and 2 by 2030 compared to 2018 baseline year
Set global targets for waste and water consumption
Established a new and CO2-ambitious car policy
Added our production site in Mexico to the ISO 14001:2015 certificate
Reduced total direct (Scope 1) GHG emissions from 14,758 MtCO2 eq* to 5,289 MtCO2 eq*
Increased recycled waste from 73% to 94%
Reduced water consumption from 122,909 m3 to 108,465 m3

Aligned the global OHS system with the ISO45001 standard
Established a global OHS charter setting the ambition level for Nilfisk OHS activities
Added our production site in China to the ISO45001 certification
Launched several measures to protect employees from becoming infected by the COVID-19 virus at work
Kept production and supply-chain operations operational during the pandemic with little to no interruptions
Improved Employee Engagement score (10-point-scale) from 7.8 to 8.0
Reduced Injury Frequency rate from 68 to 51

Completed a review of the Remuneration Policy to ensure it continues to support the realization of Nilfisk’s strategy as well as recognizes the changes in the governance environment in accordance with the Danish Companies Act and the amended EU Directive on the encouragement of long-term shareholder engagement
Preparing, drafting and approving a new Remuneration Policy that will replace the previous Remuneration Policy, including guidelines for incentive pay
Setting the targets for the annual bonus plan and the performance share program
Reviewing the achievement against targets under the company’s annual bonus plan and the performance share program

Long-term Goals:

Commitment to a minimum reduction of 35% in absolute GHG emissions within Scope 1 and 2 by 2030 compared to 2018 baseline year
Achieve a minimum 25% under-represented gender on the board by 2024

Medium-term Goals:

Short-term Goals:

Significant negative impact on market demand in 2020 due to the COVID-19 pandemic
Low demand due to COVID-19 across all markets and customer segments in the branded professional business
Large variations between customer segments and markets; among the most impacted markets were China and the southern part of Europe
Lower gross margin due to underutilization of production capacity
Supply chain disruptions due to transportation delays and quarantine restrictions across supply countries

Initiated a wide-scale restructuring along with strict cost control to minimize costs and investments and to free up management resources during the crisis
Tightly managed costs in combination with a lower structural cost base to mitigate the negative impact from the lower revenue
Executed a restructuring plan with the aim of lowering the structural cost base
Implemented a global sales structure, along with a new function to drive a coherent solutions portfolio across machines, digital services and business models
Implemented a global e-commerce platform to simplify and globalize digital sales processes and create a seamless and improved customer experience online
Introduced strict cost management, tightly steering working capital, and prioritizing investment
Introduced new digital ways to interact with customers and external partners
Ensuring constant communication between managers and robust production processes

Supplier Audits: 63 in 2020

Frameworks Used: CDP

Certifications: ISO 14001, ISO 9001, ISO 45001

Third-party Assurance: Deloitte Statsautoriseret Revisionspartnerselskab