Climate Change Data

Nordic LEVEL Group AB

Climate Impact & Sustainability Data (2018-01-01 to 2019-12-31 and 2020-01-01 to 2020-09-30, 2021-2022, 2023)

Reporting Period: 2018-01-01 to 2019-12-31 and 2020-01-01 to 2020-09-30

Environmental Metrics

Climate Goals & Targets

Environmental Challenges

  • Corona-pandemic impacting investment willingness of customers, particularly in the Locks (17% of 2019 revenue) and service/aftermarket (one-third of Security & Fire, 83% of 2019 revenue) business areas.
  • Access to and dependence on competent personnel.
  • Guarantees and service agreements requiring complementary work or product replacement, leading to increased costs.
  • Dependence on key customers, with top 10 customers accounting for 46% of 2019 revenue.
  • Contractual risks due to fixed-price agreements and potential disputes.
Mitigation Strategies
  • Implemented restructuring program to increase resilience and protect critical resources.
  • Extensive training programs and relevant security classifications for personnel.
  • Ongoing efforts to maintain good customer relationships.
  • Continuous market evaluation for suitable acquisition targets to consolidate the industry.

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Period: 2021-2022

Environmental Metrics

Climate Goals & Targets

Medium-term Goals:
  • Achieve a turnover of at least SEK 1 billion by 2026
Short-term Goals:
  • Improved adjusted operating profit (EBITDA) of SEK 10-15 million in 2023 compared to 2022

Environmental Challenges

  • Access to and dependence on competent personnel
  • Financing and capital needs
Mitigation Strategies
  • Extensive training programs
  • 2023 as a transformation year with an action program to reverse previous years' negative results, potential additional capital raising

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:Not disclosed
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:Not disclosed
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Not disclosed

Environmental Achievements

  • Not disclosed

Social Achievements

  • Achieved Great Place to Work® certification in Sweden, indicating positive employee sentiment regarding Trust, Respect, Fairness, Pride, and Camaraderie.

Governance Achievements

  • Not disclosed

Climate Goals & Targets

Long-term Goals:
  • Reach a rolling 12-month turnover of SEK 1 billion by the end of 2028.
  • Achieve an average EBITDA margin of 12% over a business cycle by 2028.
  • Maintain a net debt to EBITDA ratio below 3.0x by 2028.
Medium-term Goals:
  • Not disclosed
Short-term Goals:
  • Not disclosed

Environmental Challenges

  • Global and domestic instability impacting the business environment.
  • Competition within the security industry.
  • Dependence on general economic conditions.
  • Access to and dependence on competent personnel.
  • Dependence on key customers.
  • Risks associated with fixed-price contracts.
  • Risks related to guarantees and service agreements.
  • Risks and uncertainties associated with acquisitions and integration of new businesses.
Mitigation Strategies
  • Strategic actions, including the divestiture of the Operations segment (security services), to improve cost efficiency and margins.
  • Continuous monitoring of cash flow and securing financing through credit facilities to manage liquidity and capital risks.
  • Credit checks on new customers and systematic monitoring of receivables to manage credit risk.
  • Focus on refining the service portfolio and delivering high-quality integrated solutions to strengthen competitiveness.
  • Securing a SEK 75 million credit facility with a major Swedish bank in Spring 2024.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Not disclosed

Climate-Related Risks & Opportunities

Physical Risks
  • Not disclosed
Transition Risks
  • Not disclosed
Opportunities
  • Not disclosed

Reporting Standards

Frameworks Used: Null

Certifications: Great Place to Work® Sweden

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • Not disclosed

Awards & Recognition

  • Great Place to Work® Sweden