Climate Change Data

Beijer Ref AB

Climate Impact & Sustainability Data (2023)

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:10,738,666 tCO2e/year (2023)
Scope 1 Emissions:9,593 tCO2e/year (2023)
Scope 2 Emissions:6,631 tCO2e/year (2023)
Scope 3 Emissions:10,722,442 tCO2e/year (2023)
Renewable Energy Share:Not disclosed
Total Energy Consumption:25,578 MWh/year (2023)
Water Consumption:Not disclosed
Waste Generated:5,780 tons/year (2023)
Carbon Intensity:0.68 tCO2e/SEK revenue (2023)

ESG Focus Areas

  • Business strategy for sustainable products and services
  • Management of ESG responsibilities
  • Accidents and incidents
  • Sharing knowledge about environmentally friendly products
  • Implementation of policies and procedures aimed at countering bribery and corruption, and promoting ethical conduct

Environmental Achievements

  • Reduced total annual carbon footprint by 5 percent in 2023.
  • Scope 1 & 2 emissions decreased by 4 percent (excluding a leakage incident in 2022).
  • Green OEM sales surged by 35 percent, comprising 45 percent of total OEM sales.
  • SCM Frigo and Fenagy products contributed to preventing emissions of 4.7 million tonnes of CO2e in 2023.
  • Launched Refbuster service for responsible refrigerant management, resulting in 39,986 kg of refrigerants collected, 57% returned to the market.

Social Achievements

  • Launched the company’s second exchange program, promoting talent development.
  • Clear increase in the number of female managers.
  • Launched the Sales Academy, enhancing sales and customer relations.
  • Launched an internal network for female talents.
  • Sick leave amounted to 3.3 percent (3.2 in 2022), below the 4 percent target. Number of incidents resulting in absence was 6.1 (7.6 in 2022).

Governance Achievements

  • Climate goals approved by the Science Based Targets initiative (SBTi).
  • All employees undergo training in business ethics and anti-corruption.
  • Code of conduct signed by the 100 largest suppliers.
  • Updated whistleblower function launched, making it easier for employees to report irregularities. 1 case registered in 2023.

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • 42 percent reduction in Scope 1 & 2 emissions and 25 percent reduction in Scope 3 emissions by 2030.
Short-term Goals:
  • Increase total number of training hours completed by participants in Beijer Ref Academy from 15,000 in 2023 to 20,000 by the end of 2024.
  • 50 percent of OEM sales to be green by the end of 2025.

Environmental Challenges

  • Supply chain disruptions
  • High interest rates in the USA putting pressure on margins.
  • Increased competition and concentration in Europe.
  • Negative economic trends or weakening purchasing power of end customers.
  • Risks related to dealers buying directly from suppliers.
Mitigation Strategies
  • Reduced warehouse stocks while maintaining high service levels.
  • Successfully managed the transition to new energy efficiency requirements in the USA.
  • Investing in better products and entering new markets.
  • Decentralized and flexible business model with flexible cost structure.
  • High level of availability in product range and many small customers.

Supply Chain Management

Supplier Audits: 100 largest suppliers have signed the code of conduct.

Responsible Procurement
  • Code of conduct for suppliers covering human rights, social and labor law conditions, business ethics, and anti-corruption.

Climate-Related Risks & Opportunities

Physical Risks
  • Natural disasters
Transition Risks
  • Changed legal requirements and regulations (environmental requirements)
  • Need to switch to green refrigeration technology
  • Electrification and shift to energy-efficient heating
Opportunities
  • Increased demand for environmentally friendly products due to regulatory changes and market shifts.

Reporting Standards

Frameworks Used: Greenhouse Gas Protocol (GHG), Carbon Disclosure Project (CDP), Global Reporting Initiative (GRI), EU Taxonomy, SASB

Certifications: Null

Third-party Assurance: Deloitte AB

UN Sustainable Development Goals

  • Not disclosed

Beijer Ref’s sustainability strategy is based on the UN’s Sustainable Development Goals.

Sustainable Products & Innovation

  • Environmentally friendly refrigeration units and industrial heat pumps based on natural refrigerants (CO2, ammonia, propane)

Awards & Recognition

  • Not disclosed