Suunto
Climate Impact & Sustainability Data (2023)
Reporting Period: 2023
Environmental Metrics
Total Carbon Emissions:7636.7 tCO2e
Scope 1 Emissions:9 tCO2e
Scope 2 Emissions:19 tCO2e
Scope 3 Emissions:7608 tCO2e
Renewable Energy Share:100% (Finland)
Waste Generated:56.7 tons
ESG Focus Areas
- Climate & Emissions
- Compliance & Certifications
- Waste & Materials
- Social Sustainability
- Governance
Environmental Achievements
- Conducted cradle-to-grave life cycle assessments (LCA) for two new watch models.
- Offset 933.6 tCO2e of emissions from sold watches and planted 18,686 trees.
- Developed a comprehensive emissions reporting roadmap covering GHG Protocol Scope 3 categories.
- Renewed ISO 9001 and 14001 certifications in Finland and China.
- Renewed accessory packaging to be zero single-use plastics.
Social Achievements
- Launched Backyard Adventure campaign to encourage local nature exploration.
- Supported Out Trails LGBTQ+ Running Retreat with 25 scholarships.
- Continued hybrid work model, allowing flexible working hours.
- Improved female representation in the workforce and leadership.
Governance Achievements
- Became a member of Sedex (supply chain sustainability organization).
- Initiated a new Supplier Requirements process with strategic suppliers.
- Strengthened compliance review process.
- Implemented a whistleblowing channel.
Climate Goals & Targets
Long-term Goals:
- Define a carbon reduction roadmap and targets, enabling participation in the Science Based Targets initiative.
Medium-term Goals:
- Investigate possibilities to switch to renewable energy in UK and France offices.
Short-term Goals:
- Implement actions based on energy audit findings (2024).
Environmental Challenges
- Complexity of electronics supply chains and limited leverage over upstream risks.
- Resource constraints in addressing numerous sustainability improvement areas.
- Difficulties in introducing eco-innovations due to long product development cycles and high-quality requirements.
- Delays in implementing supply chain monitoring activities due to organizational changes.
- Need for thorough materiality assessment for EUCSRD compliance.
Mitigation Strategies
- Joined RMI (Responsible Minerals Initiative) to support responsible minerals sourcing.
- Conducted a Scope 3 emission inventory to identify major emission sources.
- Developed a new Substance requirements document for suppliers.
- Finalized ethical and environmental requirements with strategic suppliers.
- Preparing for EUCSRD compliance.
Supply Chain Management
Responsible Procurement
- Product sustainability requirements
- Supplier requirements
- Substance requirements
- Ethical Policy
- Slavery and Human Trafficking Statement
- Anti-Bribery and Anti-Corruption Policy
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: GHG Protocol
Certifications: ISO 14001, ISO 9001