Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environmental Sustainability
• Social Sustainability

Environmental Achievements

• Expanded FSC® certificate to include both brands of Desenio Group.
• Initiated partnership with Planetly to improve carbon management through data collection, reduction strategies, and offsetting measures.
• Decreased CO2 emissions from poster production by almost 32% in 2021 compared to 2019.

Social Achievements

• Increased the percentage of factories participating in the Social Audit Program from 28% to 83%.
• Achieved zero major non-conformances and zero non-compliance issues in breach of the Code of Conduct during 2021.
• Lowered sick-leave rates during 2021.
• Adapted workplaces to new hybrid ways of working.

Governance Achievements

• 100% of suppliers signed the Supplier Code of Conduct.

Climate Goals & Targets

Environmental Challenges

• Insufficient data for complete carbon footprint calculation in 2021 (especially logistics).
• Challenges in finding a sustainable, durable, and cost-effective alternative to plastic air-fill cushions.
• Difficulty in removing plastic shrink-wrap from frames without increasing product damage.
• Covid-19 related delays and cancellations of social audits in Asia.

Mitigation Strategies

• Partnered with Planetly for improved data collection and carbon management.
• Ongoing work to complete logistics carbon footprint by the end of 2022.
• Ongoing investigation into alternatives to plastic packaging materials.
• Conducting shipping trials to find a solution for plastic shrink-wrap.
• Striving to perform valid social audits in 100% of factories in risk countries before the end of 2022.

Supply Chain Management

Supplier Audits: 83% of factories in high-risk countries performed and passed a social audit in 2021.

Responsible Procurement

• Supplier Code of Conduct (100% of suppliers signed)
• Social Audit Program
• Environmental requirements in Supplier Code of Conduct (environmental management systems, pollution minimization, sustainable energy and water use, GHG emission reduction).

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GHG Protocol

Certifications: FSC®

UN Sustainable Development Goals

• SDG 15 (Life on Land)

FSC certification contributes to sustainable forest management.

Environmental Metrics

ESG Focus Areas

• People (Social Sustainability)
• Planet (Environmental Sustainability)

Environmental Achievements

• Started collaboration with a new printing company in the USA, resulting in shorter lead times, reduced transport needs, and minimized climate impact.
• Launched new dark oak frames partly made from waste material from other oak frames, resulting in reduced waste and improved utilization of raw materials.
• Very low levels of waste in poster production, with all waste recycled.

Social Achievements

• 100% of suppliers signed the Code of Conduct.
• 33% of factories in high-risk countries completed and passed a social audit (down from 83% in 2021 due to Covid-19 restrictions).
• Implemented Gender Equality Plan.
• Sick leave at 3.92%, in line with the Swedish average.

Governance Achievements

• FSC® certified since 2019 (multi-site since 2021).

Climate Goals & Targets

Environmental Challenges

• Covid-19 restrictions delayed or cancelled social audits.
• Risk of non-compliance with laws and regulations across 35 markets.
• Risk of non-compliance with Supplier Code of Conduct in the complex global value chain.

Mitigation Strategies

• Comprehensive mapping of FSC® processes and regular training.
• Regular business intelligence to ensure compliance with local laws and regulations.
• Annual independent social audits for suppliers in high-risk countries.
• Continuous improvement of risk management processes.

Supply Chain Management

Supplier Audits: 33% of factories in high-risk countries in 2022.

Responsible Procurement

• Code of Conduct signed by 100% of suppliers.
• Social audit program for high-risk suppliers.

Climate-Related Risks & Opportunities

UN Sustainable Development Goals

• SDG 15 (Life on Land)

FSC certification contributes to sustainable forest management.

Sustainable Products & Innovation

• Dark oak frames made partly from waste material.

Environmental Metrics

ESG Focus Areas

• Environmental Sustainability
• Social Sustainability
• Governance

Environmental Achievements

• Majority of wood-based products were FSC® certified.
• Inbound and outbound air shipping used in <5% of all deliveries.
• Replaced plastic transport packaging with a reinforced plastic-free box.

Social Achievements

• 80% of suppliers in high-risk countries completed and passed independent social audits.
• All suppliers communicated the Code of Conduct to subcontractors.
• 17 internal job promotions.

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• Marginal increase in employee sick leave compared to 2022.

Mitigation Strategies

• Training programs implemented for fire safety, CPR, crisis management, occupational health and safety, stress management, and time management.

Supply Chain Management

Supplier Audits: 80% of suppliers in high-risk countries

Responsible Procurement

• Code of Conduct

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: Null

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed