Karo Healthcare AB

Climate Impact & Sustainability Data (2022)

Total Carbon Emissions:162,393 tCO2e/year

Scope 1 Emissions:304 tCO2e/year

Scope 2 Emissions:96 tCO2e/year

Scope 3 Emissions:161,993 tCO2e/year

Purchased traceable renewable energy certificates (GOs) to match electricity consumption from all direct operations.
Offset scope 1 and 2 emissions (342 tonnes CO2e) by investing in a Gold Standard certified project in Kenya.
Removed plastic used as secondary packaging (apart from shrink wrap) for all brands, except those acquired in 2022.
Reworked packaging for Mabs compression socks, introducing a board-based carton to replace plastic packaging.

Increased average employee Net Promoter Score (eNPS) to 50 in 2022 (2021: 33).
Launched Karo Karma program to recognize employee contributions.
Improved onboarding experience score to 4.4 out of 5.
Supported Operation Smile, contributing to 625 cleft lip and/or palate surgeries.
Donated 89,000 hand hygiene products and 1.6 million doses of painkillers to Ukraine.
Launched Tabulos Intim by Multi-Gyn initiative in Germany to destigmatize intimate health issues.

Long-term Goals:

Medium-term Goals:

Reduce emissions by at least 60% by 2030 (absolute emissions: scope 1, 2, 3).
Net-zero transports from supplier to customer by 2030.
100% renewable electricity in own operations by 2030.
All agricultural, forest and marine derived materials sustainably sourced and deforestation-free by 2030.
50% less virgin plastics in packaging by 2030.
30% average recycled content in plastic packaging by 2025.

Short-term Goals:

Increase share of brands and products advancing health and wellbeing by meeting more than one criteria by 2025.
Increase annual reach of consumer educational information by 15%.
100% FSC-certified or recycled paper and board by 2025.
All direct suppliers to sign the Supplier Code of Conduct by 2023.

Supply chain disruptions due to the war in Ukraine and inflation.
Most of the carbon footprint occurs in the value chain, outside of Karo's direct control.
Limited resources for supplier sustainability audits.
Complexity of reducing packaging footprint due to a broad product portfolio.
Limited supply and higher prices of post-consumer recycled (PCR) plastics.

Close partnerships and collaborations with suppliers.
Development of a carbon reduction roadmap to 2030.
Gradual increase in demands on suppliers to take action on carbon reduction.
Implementation of the 5R principles (Rethink, Remove, Reduce, Renew, Recycle) for packaging.
Use of FSC-certified renewable materials and PCR plastics where possible.
Consolidating supplier and warehouse network to streamline transportation and boost efficiency.

Supplier Audits: 82% of suppliers signed the Supplier Code of Conduct or agreed to a comparable code in 2022.

Frameworks Used: UN Global Compact, Greenhouse Gas Protocol Guidelines

Certifications: ISO 13485

Third-party Assurance: KPMG AB

Karo's core business is closely linked to Goal 3 through its focus on advancing health and wellbeing.