Climate Change Data

Environmental Metrics

ESG Focus Areas

• A sustainable value chain
• A sustainable organisation and stimulating workplace
• Responsible and ethical business

Environmental Achievements

• GHG emissions decreased -16% year-on-year
• Artscape and Wall&decò switched to fossil-free energy
• Wall&decò launched d.ecodura™, the world’s first wallpaper with wood-based oil replacing fossil-based vinyl (reducing carbon footprint by nearly 50%)

Social Achievements

• Implemented a new system for measurement of employee surveys and eNPS measurements
• Zero discrimination cases reported in 2023
• One workplace accident reported (crushing injury), with measures taken to prevent recurrence

Governance Achievements

• Planning for implementation of CSRD regulations
• Policy review initiated to inventory, review and update existing policies and guidelines
• Code of Conduct implemented for all employees and suppliers

Climate Goals & Targets

Environmental Challenges

• Challenging market conditions in the first half of the year, primarily in the Nordics, due to high inflation and rising interest rates
• Weaker performance of Pappelina and Artscape (partially due to Artscape's product range phase-out)
• Turbulent external environment and market conditions

Mitigation Strategies

• Sharp focus on efficiency improvements and cost control
• Continued successful product launches
• Cost-savings programme initiated in 2022 continued in 2023 (reducing number of items, stock levels)
• Focus on profitable organic growth, stable cash flow, and a resilient balance sheet

Supply Chain Management

Responsible Procurement

• Code of Conduct for suppliers

Climate-Related Risks & Opportunities

Sustainable Products & Innovation

• d.ecodura™ wallpaper
• Pappelina rugs with bio-attributed PVC

Awards & Recognition

• ELLE Decoration International Design Award for Cole & Son's Fungi Forest wallpaper