Climate Change Data

Väderstad AB

Climate Impact & Sustainability Data (October 2022 to September 2023)

Reporting Period: October 2022 to September 2023

Environmental Metrics

Renewable Energy Share:75%

ESG Focus Areas

  • People
  • Planet
  • Product
  • Profit

Environmental Achievements

  • Continued work on calculating scope 1 and 2 emissions. Developed a process for systematic energy management based on a long-term target of net-zero emissions.
  • Lithuania sales company installed solar panels, reducing greenhouse gas emissions.
  • VAB and VCAB purchase 100% renewable electricity (approx. 75% of total group consumption).
  • Improved waste separation and storage at VAB and VCAB.
  • Implemented a new chemical management system in Swedish operations, reducing the number of products and replacing some with less harmful alternatives.
  • Introduced waste separation in VAB offices.

Social Achievements

  • Achieved LTAr (Lost Time Accident Rate) target of 2.5, a 10% reduction from the previous year.
  • Improved internal communications in accident situations.
  • Developed onboarding processes for new employees, including sustainability training.
  • Manufactured approximately 2,000 camping stoves for Ukrainian refugees.
  • Introduced an exchange program to foster collaboration between countries and disseminate best practices.

Governance Achievements

  • Implemented a new global management system (GMS) for improved process and document management.
  • Developed a code of conduct for suppliers, focusing on environmental, social, and economic aspects.
  • Conducted workshops on the internal Code of Conduct.
  • Produced a supplier code of conduct.

Climate Goals & Targets

Long-term Goals:
  • Net zero greenhouse gas emissions by 2045.
Medium-term Goals:
  • Achieve 30% women in total and 30% women as leaders by 2030.
Short-term Goals:
  • Reduce greenhouse gas emissions (scope 1 and 2) by 5% compared to FY21.

Environmental Challenges

  • Increased electricity and gas consumption at VCA and VUS due to operational expansion.
  • Increased internal transport throughout the company.
  • Shortages in several professions needed by Väderstad.
  • Russia's war against Ukraine impacting operations and markets.
  • Deterioration in air quality at VAB due to new welding equipment and ventilation issues.
Mitigation Strategies
  • Major investments to expand and optimize production capacity.
  • Implementation of a new global management system.
  • Introduction of a new enterprise resource planning system.
  • Acquisition of a new range of inter-row cultivators.
  • Various activities to increase awareness of Väderstad as an employer.
  • Additional measures to improve air quality at VAB.
  • Redirection of traffic flow at VCA and similar work initiated at VUS.
  • Developed safety training for tractor drivers.

Supply Chain Management

Responsible Procurement
  • High demands on suppliers regarding material choices and sustainability.
  • Supplier code of conduct developed.

Climate-Related Risks & Opportunities

Physical Risks
  • Climate change
Transition Risks
  • New EU Common Agricultural Policy (CAP) directive
  • Regulations on glyphosate
Opportunities
  • Development of energy-efficient products

Reporting Standards

Frameworks Used: GRI

Certifications: ISO 9001

UN Sustainable Development Goals

  • Not disclosed

Väderstad Group works with most of the 17 UN Sustainable Development Goals, primarily contributing to nine.

Sustainable Products & Innovation

  • Proceed precision seed drill
  • Extract inter-row cultivator
  • TopDown and Opus cultivators with E-Control system
  • CrossCutter Disc Aggressive

Awards & Recognition

  • Proceed won “Farm Machine award” 2023