Climate Change Data

Environmental Metrics

ESG Focus Areas

• Products
• Environment
• Ethics
• People

Environmental Achievements

• Developed low-carbon precast products with more than 40 percent lower carbon emissions compared to conventional solutions (Consolis Parma, Finland)
• All production facilities in Denmark participated in a project to improve energy efficiency and lower water usage.
• Development of environmental product declarations (EPDs) for slabs from the Vemmelev plant in Denmark.
• Launched slabs with a lower carbon footprint in Norway through recipe and design optimization.
• Swedish operations are a major partner in industry initiatives such as Betcrete 2.0, and research initiatives around developing concrete mixes that replace concrete with rice husk ash.
• 74% of precast concrete production locations have a certified Environmental Management System (ISO 14001).

Social Achievements

• Launched a new internal management system in Sweden to monitor daily operations and optimize processes.
• 28 percent female leaders out of its 120 top managers in 2021.
• 3 out of 12 women in Consolis Executive Management Team.
• 22 months without any Lost Time Injuries (LTI) in Denmark.
• New HR strategy established to support Consolis’ new business strategy with a stronger focus on people engagement, leadership development and talent management.

Governance Achievements

• Revised its Code of Conduct and Supplier Code of Conduct in 2021.
• Successfully refocused the business on the building market (residential, non-residential, and infrastructure).

Climate Goals & Targets

Environmental Challenges

• Dramatic increase in the prices of raw materials such as steel and wood.
• Highly competitive market in the opening months of 2021 (West Nordic).
• Difficult to receive building permits for new non-residential and residential buildings in the Netherlands due to local environmental legislation.
• Strong competition in Spain negatively affecting pricing.
• Increase in raw material prices negatively affecting profit margins in Spain.

Mitigation Strategies

• Took several measures to further optimize products to reduce costs (West Nordic): using less reinforcement, evaluating possibilities of reusing materials, and improving concrete recipes to contain less cement.
• Strengthened cooperation with customers in the Netherlands to grow business and develop building systems that enable faster and more sustainable building methods.
• Reinforced position in Spain as a strong actor within logistics and e-commerce precast structures.
• Took measures to optimize the design of tailor-made products and develop concrete mixes in Eastern Europe to mitigate the sharp increase in raw material prices.
• Maintained fair partnerships and close contact with major suppliers in Eastern Europe to tackle material shortages and utilize cross-border supply chain options.

Supply Chain Management

Responsible Procurement

• Responsible sourcing initiatives focusing on environmental and social criteria for key suppliers.

Climate-Related Risks & Opportunities

Opportunities

• Development of energy-efficient products

Reporting Standards

Frameworks Used: GRI Standards: Core option, UN Global Compact Principles

Certifications: ISO 14001 (74% of production locations)

UN Sustainable Development Goals

• Goal 7 (Affordable and Clean Energy)
• Goal 9 (Industry, Innovation and Infrastructure)
• Goal 11 (Sustainable Cities and Communities)
• Goal 12 (Responsible Consumption and Production)
• Goal 13 (Climate Action)

Consolis supports seven UN Sustainable Development Goals (SDGs) through its initiatives.

Sustainable Products & Innovation

• Low-carbon precast products
• Hybrid/timber concrete composite solutions
• Concrete mixes with rice husk ash
• Recycled concrete products
• Alternative binders (e.g., reactivated GGBS and calcinated clay based cement)

Awards & Recognition

• 2021 BREEAM Building of the Year award (Comfort Hotel Solna Arenastaden)
• 2021 Concrete Façade Architecture Award (Scandic Grand Central Helsinki Hotel)

Environmental Metrics

ESG Focus Areas

• Health and Safety
• Fair Working Conditions
• No Discrimination or Harassment
• Climate and Environment
• Business Ethics
• Data Protection (GDPR)
• Trade Compliance
• Anti-Money Laundering

Climate Goals & Targets

Supply Chain Management

Responsible Procurement

• Supplier Code of Conduct

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: UN Global Compact

Environmental Metrics

ESG Focus Areas

• Climate change/CO2
• Circular Economy
• People
• Business ethics

Environmental Achievements

• Production of Green Spine Line® certified products increased by more than 125 percent to 985,000 tons, making up approximately 30 percent of Consolis’ total precast production, up from circa 9 percent in 2022. This translates into a CO2 reduction of some 33,000 tons, up 175 percent, from 12,000 tons the previous year.
• Relative scope 1 and 2 emissions, along with major scope 3 emissions per ton of production, have experienced a commendable 3 percent decrease.

Social Achievements

• Increased the number of safety inspections carried out in 2023 and reducing the number of recorded accidents and incidents.
• Employee Engagement Index 2023 was an average of 3.7, which was an improvement from last year’s 3.6 result.
• Indonesia has had its second year in a row with zero accidents

Governance Achievements

• Seven cases were reported in the Alert Channel in 2023. After analysis, none was considered as critical.

Climate Goals & Targets

Environmental Challenges

• Turbulent geopolitical and economic developments resulted in high inflation and steadily increasing interest rates in 2023. This in turn led to a slowdown in residential construction in many European countries, due to a lack of consumer confidence.
• Reductions in residential construction demand
• Strict regulations and nitrogen emission laws (Netherlands)

Mitigation Strategies

• Strong focus on cutting costs in the markets where residential construction makes up a large share of Consolis’ business, as well as centrally within Group functions. Some plants were closed temporarily and some closed for good.
• Successfully transitioned from a fixed to a variable pricing model.
• Adjusted its cost structure and optimized its footprint, primarily so in the Nordic markets. The 2023 restructuring program totaled EUR 11.4 million.

Supply Chain Management

Responsible Procurement

• always trying to source locally, to minimize transportation
• require EPDs from all our key suppliers

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI Standards, UN Global Compact, SBTi

UN Sustainable Development Goals

• Goal 7
• Goal 13

Sustainable Products & Innovation

• Consolis Green Spine Line®

Awards & Recognition

• “Aragón Circular” seal