Climeon AB
Climate Impact & Sustainability Data (2017)
Reporting Period: 2017
Environmental Metrics
ESG Focus Areas
- Affordable and clean energy
- Sustainable work environment
Environmental Achievements
- Heat Power-system enables less emissions of carbon dioxide
- Environmental payback time of less than two weeks for a Climeon Heat Power-system
Social Achievements
- Sustainable work environment characterized by long-term sustainable performance, including mental and physical well-being
- Proactive work with stress management, offering professional support to employees
Governance Achievements
- ISO 9001 (quality management systems) and ISO 14001 (environmental management system) certifications
- Systematic work with the latest regulations regarding organizational and social work environment
Climate Goals & Targets
Long-term Goals:
- Climeon’s vision is to become the number one climate solver, empowering a fossil-free world with heat power.
Medium-term Goals:
- A long term gross margin of 50 percent and a EBITDA margin of 35 percent.
Short-term Goals:
- Becoming the low temperature de facto standard in chosen segments, starting with establishing the Climeon Heat Power system as an industry standard technology for the maritime sector by the end of 2018
Environmental Challenges
- Increased costs related to the build-up of the sales, delivery and service organization
- Uncertainty about when in the future sufficient taxable surpluses will be generated to utilize loss carryforwards
Mitigation Strategies
- Raising loans and carrying out new share issues to manage liquidity and financing risks
- Actively working on a number of different external financing solutions in the short and long term
Supply Chain Management
Responsible Procurement
- Climeon always explores dual sourcing for all components
- Climeon owns the design for all critical, non-standard, components
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: RFR 2
Certifications: ISO 9001, ISO 14001
Third-party Assurance: Deloitte AB
UN Sustainable Development Goals
- Goal 7
Climeon contributes to the United Nations sustainable development goal number 7 “Affordable and clean energy”.
Sustainable Products & Innovation
- Climeon Heat Power system
Awards & Recognition
- Climate Solver 2016 (WWF)
- Best in the world in its category (Frost & Sullivan)
- Winner of the renewable energy category of E-Prize 2016