Climate Change Data

Norva24 Group AB

Climate Impact & Sustainability Data (2021, 2023)

Reporting Period: 2021

Environmental Metrics

ESG Focus Areas

  • Increase the share of its green services to its clients
  • Reduce the relative energy consumption (kWh/revenue)
  • Ethical business
  • Responsible supply chain
  • Health, safety and work environment

Environmental Achievements

  • Increased share of green services to 20% in Norway and 13.9% in Denmark in 2021. Additional data from Germany and Sweden will be reported as from 2022.
  • Reduced relative energy consumption to 4.90 in Norway and 6.22 in Denmark in 2021. Additional data from Germany and Sweden will be reported as from 2022.

Social Achievements

  • Implemented a whistleblower system in December 2021.
  • Entered into a three-year collaboration agreement with the Norwegian Foundation Sunnaasstiftelsen.

Governance Achievements

  • Implemented a whistleblower system in December 2021.
  • Adopted guidelines for remuneration to senior executives.

Climate Goals & Targets

Long-term Goals:
  • Become the leading European operator in the UIM industry.
Medium-term Goals:
  • Achieve revenue of around NOK 4.5 billion by 2025.
  • Achieve an adjusted EBITA margin of 14-15% in the medium term.

Environmental Challenges

  • Weak development in one of the Swedish units.
  • Increased transportation costs.
  • Challenges with contracts and capacity utilization in Denmark.
  • Postponement of maintenance assignments by customers after lockdown due to Covid-19.
  • Lag in price effect in public contracts due to fuel cost increases.
Mitigation Strategies
  • Implemented improvement initiatives in Denmark to increase performance (termination of low-profitability contracts, focus on resource utilization).
  • Implemented contractual price increases in line with transportation indices.
  • Relocation to new base in Drøbak, Norway, to enhance efficiency and fleet utilization.
  • Established a new shared base in Drammen, Norway.
  • Developed key initiatives for large customers (certifications, key account managers, standardized offerings).

Supply Chain Management

Responsible Procurement
  • All suppliers must comply with Norva24’s guidelines, local legislation and other industry standards.

Climate-Related Risks & Opportunities

Physical Risks
  • Extreme weather
Opportunities
  • Increased need for services due to extreme weather.

UN Sustainable Development Goals

  • SDG 6
  • SDG 7
  • SDG 11
  • SDG 13

Norva24’s services contribute to clean water and sanitation, affordable and clean energy, sustainable cities and communities, and climate action.

Sustainable Products & Innovation

  • Mobile dewatering technology
  • Pipe relining
  • IoT surveillance solutions

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:40,333 tCO2e (Scope 1+2)
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:Not disclosed
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Environmental
  • Social
  • Governance

Environmental Achievements

  • Increased share of green activities aligned with EU taxonomy (46% of total operating income)
  • Reduced relative energy consumption from own operations (4.66 kWh/Total operating income*100)

Social Achievements

  • Reduced total sick leave to 7.4% (from 8.8% in 2022)
  • 84 incidents leading to absence (28 in 2022 excluding Germany)
  • Successful integration of employees from Afghanistan, demonstrating commitment to diversity and inclusion.

Governance Achievements

  • Implemented a whistleblower function administered by an independent provider (2Secure) to address corruption concerns.
  • Annual human rights due diligence conducted in alignment with OECD guidelines.

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Reduce relative energy consumption.
  • Increase the number of electric flushing vans in Denmark to around 15 in the next few years.
Short-term Goals:
  • Increase the share of green services (EU Taxonomy).

Environmental Challenges

  • Aging underground infrastructure requiring significant investment.
  • Increased urbanization putting pressure on existing systems.
  • Intensifying extreme weather conditions due to climate change impacting infrastructure.
  • Potential for increased bacteria proliferation in drinking water due to higher temperatures.
Mitigation Strategies
  • Providing Underground Infrastructure Maintenance (UIM) services.
  • Expanding green activities aligned with EU taxonomy.
  • Reducing relative energy consumption.
  • Continuously monitoring and assessing physical risks related to climate change at the local level.
  • Implementing measures to prevent leachate and control odors at environmental composting facilities.
  • Gradually introducing electric vehicles into the fleet.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • All suppliers are obligated to follow Norva24’s standards, abide by local laws, and adhere to relevant industry norms.

Climate-Related Risks & Opportunities

Physical Risks
  • Extreme weather events impacting infrastructure.
Transition Risks
  • Not disclosed
Opportunities
  • Increased demand for UIM services due to climate change.

Reporting Standards

Frameworks Used: EU Taxonomy

Certifications: ISO 14001, ISO 45001, ISO 9001 (in progress for some entities)

Third-party Assurance: Öhrlings PricewaterhouseCoopers AB

UN Sustainable Development Goals

  • SDG 6
  • SDG 7.3
  • SDG 11
  • SDG 13
  • SDG 8
  • SDG 5
  • SDG 10
  • SDG 16

Norva24's services contribute to these SDGs through maintaining underground infrastructure, reducing energy consumption, promoting diversity and inclusion, and upholding ethical business practices.

Sustainable Products & Innovation

  • Electric vehicles

Awards & Recognition

  • Not disclosed