KWH Group Ltd
Climate Impact & Sustainability Data (2023)
Reporting Period: 2023
Environmental Metrics
Total Carbon Emissions:60,998 tCO2e/year
Scope 1 Emissions:16,282 tCO2e/year
Scope 2 Emissions:12,252 tCO2e/year
Scope 3 Emissions:32,463 tCO2e/year
Renewable Energy Share:31%
Total Energy Consumption:204,842 MWh/year
ESG Focus Areas
- Safe, secure, fair workplace
- Climate impact and energy use
- Circular economy and green technology
- Gender equality, diversity and equal treatment
- Active ownership and implementation of ESG
- Data security and customer privacy
- Transparent business practices and anti-corruption
Environmental Achievements
- Mirka's new assembly plant utilizes renewable energy sources like solar panels and geoenergy.
- Prevex reduced emissions by 34% in Scopes 1, 2, and 3 compared to the 2018 baseline year by increasing recycled plastic in products, using certified district heating, and switching to renewable electricity.
Social Achievements
- KWH Group updated its Code of Conduct and Code of Conduct for Business Partners aligning them with the principles of the UN Global Compact.
- KWH Freeze conducted employee well-being surveys twice a year.
- Several skills development initiatives implemented across the KWH Group to ensure employees have the right skills and can develop, promoting a safe workplace.
Governance Achievements
- Established a group-wide SOC (Security Operations Centre) solution to address digital threats.
- Strengthened intra-group collaboration on IT security with a cybersecurity working group.
- Implemented a whistleblowing channel accessible via the KWH Group website.
Climate Goals & Targets
Medium-term Goals:
- Prevex aims for water traps to contain 60% recycled plastic by 2026.
Short-term Goals:
- Mirka aims to reduce greenhouse gas emissions by 55% in Scopes 1 and 2 by 2025.
Environmental Challenges
- Increased energy consumption in 2023 due to additional factories entering service.
- Data security and customer privacy risks.
- Supply chain disruptions and higher energy prices.
- Limited monitoring options for work-related ill health and serious work-related injuries.
Mitigation Strategies
- Ongoing work to improve data security and strengthen IT infrastructure.
- Development of information security management strategy at KWH Freeze.
- Risk management work to ensure business continuity.
- Proactive implementation of safety procedures and training programs.
Supply Chain Management
Responsible Procurement
- KWH Group’s Code of Conduct for Business Partners sets requirements for suppliers and business partners, including anti-corruption, forced and child labor, and data protection and privacy.
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: GRI Standards
Sustainable Products & Innovation
- Mirka's focus on increasing traceability and monitoring in the value chain to track progress better.
- Prevex's work to increase the circularity of products by increasing the percentage of recycled plastic in water traps.