Climate Change Data

Aktieselskabet Schouw & Co.

Climate Impact & Sustainability Data (2023)

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:200,377 tCO2e/year (market-based)
Scope 1 Emissions:81,165 tCO2e/year
Scope 2 Emissions:119,212 tCO2e/year (market-based)
Scope 3 Emissions:Not disclosed
Renewable Energy Share:14%
Total Energy Consumption:831,061 MWh/year
Water Consumption:1,201,161 m3/year
Waste Generated:Not disclosed
Carbon Intensity:Reported for GHG emissions per DKK million revenue and alternative scaling factor.

ESG Focus Areas

  • Climate Change
  • Employee Safety and Well-being
  • Responsible Supply Chain Management
  • Governance
  • Diversity and Inclusion

Environmental Achievements

  • Reduced Group’s GHG emissions by 4% (market-based approach) from 2022 to 2023.
  • Increased share of renewable energy in total energy consumption to 14% in 2023 from 12% in 2022.
  • Borg Automotive documented a 60% reduction in CO2e emissions and a 70% reduction in resource consumption through remanufacturing.
  • Fibertex Personal Care launched a new low-weight product with potential to significantly reduce plastic in diapers.

Social Achievements

  • Group LTI frequency rate fell from 4.7 to 4.4 incidents per million working hours.
  • BioMar increased the proportion of women in management to 24% from 22%.
  • BioMar's employee engagement survey showed near achievement of top-quartile ranking.
  • GPV maintained LTI frequency rate below 1.0 per million hours worked.

Governance Achievements

  • Established a Sustainability Committee reporting to the Board of Directors.
  • Completed a double materiality assessment.
  • Updated reporting guide aligning with ESRS.
  • All Group companies are actively working on due diligence processes.

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Reduce GHG emissions by 35% (scopes 1+2) by 2030.
  • Transition to 100% renewable electricity by 2030.
  • Achieve an LTI frequency rate below 3 at Group level by 2030.
Short-term Goals:
  • Reduce LTI frequency rate below 3 at Group level.
  • Improve in-house governance procedures.
  • Achieve high employee satisfaction across the Group.

Environmental Challenges

  • Supply chain disruptions due to geopolitical tensions.
  • Natural gas shortage leading to temporary use of LPG.
  • Increased energy consumption in GPV following the Enics merger.
  • Increased LTI frequency rate in some companies despite overall reduction.
Mitigation Strategies
  • Implementing solar panel systems at GPV production units.
  • Purchasing renewable energy certificates.
  • Implementing energy optimization measures.
  • Improving workstations and automating processes to reduce LTI frequency rates.
  • Strengthening due diligence processes and supplier engagement.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Supplier Code of Conduct
  • Responsible Procurement Policy

Climate-Related Risks & Opportunities

Physical Risks
  • Not disclosed
Transition Risks
  • Not disclosed
Opportunities
  • Development of energy-efficient products and processes.

Reporting Standards

Frameworks Used: Nasdaq's ESG Reporting Guide, ESRS (from 2024)

Certifications: ISO 45001 (various companies), ISO 14001 (various companies), ASC (BioMar)

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • New low-weight product at Fibertex Personal Care.
  • Remanufactured automotive parts at Borg Automotive.

Awards & Recognition

  • Gold medal from EcoVadis (Fibertex Personal Care Aalborg site)