Climate Change Data

Environmental Metrics

ESG Focus Areas

• Sustainable Relationships
• Sustainable Solutions
• Sustainable Operations

Environmental Achievements

• Reduced scope 1 emissions by 30% since 2019 relative to revenue.
• Reduced scope 2 carbon emissions by 33% since 2019 relative to revenue.
• Reduced scope 3 emissions (business travel) by 36% since 2019 relative to revenue.
• Completed 30 lifecycle assessments (LCAs) of product lines.

Social Achievements

• Introduced a new global employee survey, "The Voice", with a 90% response rate and improving eNPS.
• Launched a global internal network for female employees, "Women Lifting Women".
• Reduced LTIFR to 5 (from 9 in 2021) and TRIFR to 10 (from 17 in 2021).
• Implemented a new online whistleblowing channel.

Governance Achievements

• Updated supplier code of conduct.
• Developed a supplier self-assessment questionnaire.
• Implemented a new performance management model.

Climate Goals & Targets

Environmental Challenges

• Climate-related risks
• Health and safety risks
• Respect for human rights
• Risk of bribery and corruption
• Ensuring quality, reliability, and compliance with a large number of suppliers and varying business cultures.

Mitigation Strategies

• Improved policies and guidelines
• Strengthened internal organization
• Updated materiality analysis
• Appointed a global Health, Safety and Social Lead
• Developed a process for supplier self-evaluation of sustainability efforts.
• Developed a checklist for supplier visits to assess compliance with the code of conduct.

Supply Chain Management

Responsible Procurement

• Updated Code of Conduct for suppliers
• Supplier self-assessment questionnaire
• Supplier site visits

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: UN Global Compact

Certifications: ISO 14001

Third-party Assurance: Ernst & Young AB

UN Sustainable Development Goals

• Goal 5 – Gender Equality
• Goal 8 – Decent Work and Economic Growth
• Goal 16 – Peace, Justice and Strong Institutions
• Goal 7 – Affordable and Clean Energy
• Goal 9 – Industry, Innovation and Infrastructure
• Goal 11 – Sustainable Cities and Communities
• Goal 12 – Responsible Consumption and Production

The report details how Alimak Group's initiatives contribute to these goals.

Environmental Metrics

ESG Focus Areas

• Workplace safety
• Social responsibility
• Reduction of climate impact
• Gender equality
• Decent work and economic growth
• Peace, justice and strong institutions
• Affordable and clean energy
• Industry, innovation and infrastructure
• Sustainable cities and communities
• Responsible consumption and production

Environmental Achievements

• Reduced CO2e emissions by 35% between 2019 and 2023 (Scope 1, 2, and 3 from own operations).
• 56% share of renewable electricity in 2023.
• Scando 650a launched with 28% lower energy consumption.
• 52% of product range covered by LCA studies.

Social Achievements

• Successfully integrated over 1,000 employees from Tractel.
• Launched a global health challenge ('Active Together') engaging nearly 500 employees.
• Introduced a more comprehensive Code of Conduct training course, completed by over 90% of employees.
• Employee Net Promoter Score (eNPS) of +15.

Governance Achievements

• Established a global health and safety council.
• Implemented a new global Health and Safety Policy.
• Completed a rights issue to repay a bridge loan.
• Established a joint whistleblowing system, receiving eight reports in 2023.

Climate Goals & Targets

Environmental Challenges

• Higher interest rates creating general uncertainty in many markets.
• Weak market situation in Facade Access division.
• Regionalization of markets and changed supply chains.
• High inflation.
• Geopolitical events impacting supply chain and raw material prices.
• Tragic workplace accident involving a construction hoist (not installed by Alimak Group).

Mitigation Strategies

• Flexible and diversified sourcing strategy.
• Regional production and assembly setup.
• Active cost and pricing management.
• Successful rights issue to decrease debt.
• Transformation program in Facade Access division.
• Investigation of workplace accident and assistance to authorities.

Supply Chain Management

Supplier Audits: 60% in 2023; target to assess suppliers representing 80% of direct materials spend.

Responsible Procurement

• Code of Conduct for suppliers attached to all purchase orders.

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events disrupting operations and supply chain.

Transition Risks

• Regulatory changes related to CO2 emissions.

Opportunities

• Changes in wind patterns creating opportunities for wind power.

Reporting Standards

Frameworks Used: UN Global Compact

Certifications: ISO 9001:2015, ISO 45001:2018, ISO 14001

Third-party Assurance: Ernst & Young AB

UN Sustainable Development Goals

• Goal 5
• Goal 8
• Goal 16
• Goal 7
• Goal 9
• Goal 11
• Goal 12

The report details how Alimak Group's initiatives contribute to these goals.

Sustainable Products & Innovation

• Scando 650a
• Medius 350
• Tracrod
• Silo Lift SE240L
• ME Gangway Lift

Awards & Recognition

• 'Best Digital Development Award' for My Alimak at the International Awards for Powered Access in Berlin.