Climate Change Data

Fiskars Corporation

Climate Impact & Sustainability Data (2020, 2022, 2023)

Reporting Period: 2020

Environmental Metrics

Total Carbon Emissions:48,000 t CO2e (Scope 1+2) + 26,000 t CO2e (Scope 3)
Scope 1 Emissions:34,000 t CO2e
Scope 2 Emissions:46,000 t CO2e
Scope 3 Emissions:26,000 t CO2e
Renewable Energy Share:63%
Total Energy Consumption:901 TJ
Water Consumption:432,000 m3
Waste Generated:828 tons to landfill
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Against throwaway culture
  • For a carbon neutral future
  • For increased joy

Environmental Achievements

  • Reduced Scope 1 and 2 emissions by 28% compared to the previous year and 44% compared to the 2017 base year.
  • 63% of electricity purchased was from renewable sources.
  • Saved 6,856 MWh through energy savings activities.
  • Vintage service saved 165 tons of natural resources and 56 t CO2 emissions in Finland.
  • Waste to landfill decreased by 79% compared to base year 2017.

Social Achievements

  • Expanded Vintage take-back service to Sweden.
  • Launched new products made from renewable and recycled materials (e.g., Fiskars scissors, Iittala recycled glass).
  • Established a cross-functional diversity and inclusion working group.
  • Invested EUR 700,000 in local communities.

Governance Achievements

  • Defined sustainability ambition and refreshed long-term sustainability commitments.
  • Set science-based emission targets aligned with the Paris Agreement.
  • Updated sustainability approach and created roadmaps for each commitment.

Climate Goals & Targets

Long-term Goals:
  • Be the sustainability leader in our industry.
Medium-term Goals:
  • Reduce greenhouse gas emissions from own operations (Scope 1 and 2) by 60% by 2030 from a 2017 base year.
  • Reduce greenhouse gas emissions from upstream transportation and distribution (Scope 3) by 30% by 2030 from a 2018 base year.
  • Have 60% of suppliers by spend covering purchased goods and services with science-based targets by 2024.
  • Achieve zero harm with zero LTAF by 2030.
  • Have a global concept in use to take-back and recycle/reuse/resell products, covering all main brands by 2030.
  • Have 100% of packaging renewable, preferably recycled and further recyclable by 2030.
  • Send no waste to landfill by 2030.
Short-term Goals:
  • Reduce waste to landfill by 80% compared to the base year 2017 by 2022.
  • Reduce LTAF by 20% compared to 2017 base year by 2022.
  • Have a business model for recycling and reselling products in select markets by 2022.

Environmental Challenges

  • COVID-19 pandemic disrupted operations and ways of working.
  • Increased Lost Time Accident Frequency (LTAF) to 5.9.
  • Supply chain disruptions due to the pandemic.
Mitigation Strategies
  • Implemented quick actions to handle COVID-19 impacts (reduced spending, temporary cost-saving measures).
  • Implemented safety measures in manufacturing units, distribution centers, and stores.
  • Focused on clarifying common ways of working and processes in the new organizational structure.
  • Created safety improvement plans and focused on safety observations.

Supply Chain Management

Supplier Audits: 46 sustainability audits in 2020 (19% of finished goods suppliers)

Responsible Procurement
  • Fiskars Group Supplier Code of Conduct (SCOC)
  • Sourcing and Purchasing policy

Climate-Related Risks & Opportunities

Physical Risks
  • Extreme weather events
  • Changing climate patterns
Transition Risks
  • Regulatory changes
  • Increased costs of using fossil fuels
Opportunities
  • Growth through climate-positive solutions
  • Savings potential through tax advantages and incentives

Reporting Standards

Frameworks Used: GRI Standards: Core option

Certifications: ISO 9001, ISO 14001, ISO 45001 (86% of manufacturing units)

Third-party Assurance: DNV GL

UN Sustainable Development Goals

  • SDG 12: Responsible Consumption and Production
  • SDG 10: Reduced Inequalities
  • SDG 13: Climate Action

The report details how Fiskars' initiatives contribute to these goals through sustainable production, waste reduction, renewable energy use, diversity and inclusion programs, and climate action.

Sustainable Products & Innovation

  • Fiskars recycled scissors
  • Iittala recycled glass collection

Awards & Recognition

  • Fiskars Village awarded as one of the best sustainable travel destinations in Europe.

Reporting Period: 2022

Environmental Metrics

Total Carbon Emissions:50,000 tCO2e (Scope 1 & 2)
Scope 1 Emissions:40,000 tCO2e
Scope 2 Emissions:10,000 tCO2e (market-based)
Scope 3 Emissions:22,142 tCO2e (transportation and distribution)
Renewable Energy Share:79% of purchased electricity
Total Energy Consumption:1,031 TJ
Water Consumption:472,000 m3
Waste Generated:352 tons to landfill
Carbon Intensity:40 tCO2e/Net sales (EUR million)

ESG Focus Areas

  • Climate Change
  • Circular Economy
  • Employee Health and Safety
  • Diversity, Equity, and Inclusion
  • Responsible Supply Chain

Environmental Achievements

  • Scope 1 and 2 greenhouse gas emissions decreased by 6% compared to 2021 and by 42% compared to the base year 2017.
  • Landfill waste generated by own operations was reduced by 41% compared to 2021, and 91% since 2017.
  • Announced a EUR 10 million investment in Iittala glass factory to replace natural gas furnaces with electric ones, reducing CO2 emissions by 74% by the end of 2026.
  • Pioneered the use of emission-minimized stainless steel for cookware (92% smaller carbon footprint compared to the global average).

Social Achievements

  • Launched two People Networks (Pride Network and Women in Business Network).
  • Significantly expanded paid parental leave in the U.S.
  • Invested EUR 1.4 million in local communities.
  • Annual Safety Week with almost 1,000 safety observations received.

Governance Achievements

  • Updated Code of Conduct and Supplier Code of Conduct.
  • Updated ESG strategy based on 2022 materiality assessment.
  • Achieved a Platinum level sustainability rating from EcoVadis (top 1% in the industry).

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Majority of net sales from circular products and services by 2030.
  • Reduce GHG emissions from own operations (Scope 1 and 2) by 60% by 2030 (from 2017 base year).
  • Reduce GHG emissions from transportation and distribution (Scope 3) by 30% by 2030 (from 2018 base year).
  • 60% of suppliers by spend to have science-based targets by 2024.
  • Zero harm with zero LTAF by 2030.
Short-term Goals:
  • Not disclosed

Environmental Challenges

  • Supply chain disruptions due to the war in Ukraine and the resulting withdrawal from the Russian market.
  • Continued impact of the COVID-19 pandemic.
  • Challenges in using recycled materials for certain products due to limitations in usability and functionality.
Mitigation Strategies
  • Developed alternative sourcing strategies.
  • Adapted ways of working to address the pandemic (hybrid working, hygiene measures).
  • Exploring bio-based natural materials for food contact products.

Supply Chain Management

Supplier Audits: 88 audits in 2022; 42% of finished goods suppliers by spend audited.

Responsible Procurement
  • Supplier Code of Conduct
  • Sourcing and Purchasing policy
  • Sustainability assessments for new suppliers (100% coverage).

Climate-Related Risks & Opportunities

Physical Risks
  • Temperature extremes
  • Season cycles impacting product demand
  • Flooding
  • Wildfires
Transition Risks
  • Increased price on GHG emissions
  • Legislation supporting use of clean energy
  • Use of lower-emission sources of energy
  • Increased investor and consumer awareness on climate activities
Opportunities
  • Development of energy-efficient products

Reporting Standards

Frameworks Used: GRI Standards

Certifications: ISO 14001, ISO 45001, ISO 9001

Third-party Assurance: PricewaterhouseCoopers Oy

UN Sustainable Development Goals

  • SDG 10 (Reduced inequalities)
  • SDG 12 (Responsible consumption and production)
  • SDG 13 (Climate action)

The report details how initiatives contribute to these goals throughout the value chain.

Sustainable Products & Innovation

  • Fiskars ReNew scissors
  • Fiskars All Steel cookware
  • Iittala recycled glass collection
  • Iittala recycled ceramic Teema mug

Awards & Recognition

  • CDP Climate Change A List
  • EcoVadis Platinum Medal

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:37,898 t CO2e (Scope 1 & 2) + 14,044 t CO2e (Scope 3)
Scope 1 Emissions:31,000 t CO2
Scope 2 Emissions:7,000 t CO2e (market-based)
Scope 3 Emissions:64,755 t CO2e (Purchased Goods and Services) + other categories
Renewable Energy Share:25%
Total Energy Consumption:823 TJ
Water Consumption:435,000 m3
Waste Generated:10,989 tons
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Circular economy
  • Climate emission reduction
  • Employee engagement

Environmental Achievements

  • Scope 1 and 2 greenhouse gas emissions decreased by 25% compared to 2022 and by 56% compared to the base year 2017.
  • Approximately 19% reduction in carbon dioxide emissions at the Iittala manufacturing unit.
  • 48% of suppliers by spend have set science-based targets.

Social Achievements

  • Launched MyFiskars, an employee share savings plan.
  • Set a new ESG target to be within the global top 10% of high-performing companies in terms of inclusion experience.
  • Invested over EUR 625,000 in local communities.

Governance Achievements

  • Launched a Sustainability-linked bond framework and issued a EUR 200 million bond.

Climate Goals & Targets

Long-term Goals:
  • Net-zero emissions target (approach being planned)
Medium-term Goals:
  • Achieve majority of net sales from circular products and services by 2030
  • Reduce GHG emissions from own operations (Scope 1 and 2) by 60% by 2030
  • Reduce GHG emissions from transportation and distribution (Scope 3) by 30% by 2030
  • 60% of suppliers by spend to have science-based targets by 2024
  • Zero harm with zero LTAF by 2030
  • Inclusion Experience within the top 10% of global high-performing companies
Short-term Goals:
  • Reduce water consumption

Environmental Challenges

  • Achieving the majority of net sales from circular products and services by 2030 (currently at 13%).
  • Reducing climate emissions along the value chain.
  • Maintaining a safe and inclusive working environment.
Mitigation Strategies
  • Developing new circular solutions and including circular products and services as a target in the share-based incentive plan.
  • Increasing operational efficiency, investing in renewable energy, and supporting suppliers in setting science-based targets.
  • Launching DEI initiatives such as e-learning courses and employee surveys.

Supply Chain Management

Supplier Audits: 62 audits in 2023 (20% of finished goods suppliers by spend)

Responsible Procurement
  • Supplier Code of Conduct
  • Sourcing and Purchasing policy
  • Sustainability assessments

Climate-Related Risks & Opportunities

Physical Risks
  • Temperature extremes
  • Season cycles (product demand)
  • Flooding
  • Wildfires
Transition Risks
  • Increased price on GHG emissions
  • Legislation supporting use of clean energy
  • Use of lower-emission sources of energy
  • Increased investor awareness
  • Increased consumer awareness
Opportunities
  • Increased investor backing
  • Development of energy-efficient products

Reporting Standards

Frameworks Used: GRI

Certifications: ISO 14001, ISO 45001, FSC, PEFC, GOTS

Third-party Assurance: PwC

UN Sustainable Development Goals

  • SDG 10 (Reduced inequalities)
  • SDG 12 (Responsible consumption and production)
  • SDG 13 (Climate action)

Report details how initiatives contribute to these goals.

Sustainable Products & Innovation

  • Fiskars All Steel frying pan (recycled materials, non-plastic coating)
  • Fiskars ReNew scissors (recycled materials)
  • Iittala collection made of 100% waste glass
  • Iittala Teema mug (15% recirculated ceramic materials)

Awards & Recognition

  • Not disclosed