SDK FREJA A/S
Climate Impact & Sustainability Data (2022-05 to 2023-04)
Reporting Period: 2022-05 to 2023-04
Environmental Metrics
Total Carbon Emissions:871,094 tCO2e/year
Scope 1 Emissions:22,623 tCO2e/year
Scope 2 Emissions:2,712 tCO2e/year
Scope 3 Emissions:845,749 tCO2e/year
Waste Generated:3,056 tons/year
ESG Focus Areas
- Environment
- Social
- Governance
Environmental Achievements
- Reduced Scope 2 emissions by 7.5% compared to FY 2021/2022
- Reduced energy consumption by more than 50% at some sites
- Increased waste recycling rate to 62% (12 percentage points increase from previous year)
Social Achievements
- Achieved 37.5% female representation on the Board of Directors (exceeding the 33% target)
- Maintained employee turnover rate below 15% (13.4%)
- Reduced LTIFR to 3.9 per 1,000,000 working hours (significantly lower than the previous year's 10.3)
Governance Achievements
- Consolidated two IT systems into one SDK FREJA Corporate Quality Management System
- Obtained new ISO 9001 certifications for 4 entities and ISO 14001 for 2 entities
- All employees completed Code of Conduct training
Climate Goals & Targets
Long-term Goals:
- Reduce Scope 3 emissions by 50% by 2040
Medium-term Goals:
- Reduce Scope 1 and 2 emissions by 60% by 2040
- Achieve 100% company cars on alternative fuels by 2035
Short-term Goals:
- Reduce Scope 2 emissions by 10% by 2025
- Recycle 65% of waste by 2025
Environmental Challenges
- Increase in Scope 1 emissions due to fleet expansion and transfer of Time Chartered vessels from Scope 3 to Scope 1
- Indirect Scope 3 emissions remain a significant challenge (97% of total carbon footprint)
- Limited influence on Scope 3 emissions from subcontractors
- High costs associated with waste sorting into various fractions
Mitigation Strategies
- Investing in energy optimization and sustainable energy production (solar power)
- Collaborating with customers and subcontractors to find sustainable solutions
- Transferring Time Chartered vessels from Scope 3 to Scope 1 emissions to take direct responsibility
- Implementing a new Resource and Waste Policy to improve waste sorting and recycling
Supply Chain Management
Supplier Audits: 2 audits in 2022/2023
Responsible Procurement
- Code of Conduct for suppliers
Climate-Related Risks & Opportunities
Transition Risks
- Changes in legislation
- New technologies
- Climate impact taxes
Opportunities
- Investment in new technology
- Investment in energy optimization and sustainable energy production
Reporting Standards
Frameworks Used: Greenhouse Gas Protocol
Certifications: ISO 9001, ISO 14001