Climate Change Data

Environmental Metrics

ESG Focus Areas

• Not disclosed

Environmental Achievements

• Not disclosed

Social Achievements

• Not disclosed

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• Not disclosed

Mitigation Strategies

• Not disclosed

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: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Environment
• Human rights
• Working environment
• Anti-corruption
• Equality

Environmental Achievements

• Reduced energy consumption (kWh) in production sites due to the closing of the Lille production site. Note that the report does not provide quantified data for 2018, only a comparison to 2017.

Social Achievements

• Improved average employee satisfaction score (goal of at least 3.5, actual score not provided).
• Reduced number of on-the-job accidents (0 in 2018, compared to 28 in 2017 and 16 in 2016).
• 100% of employees completed the Employee “Code of Conduct” e-learning in 2018 (goal for 2019).

Governance Achievements

• Established an internal whistleblower scheme.
• Developed an Employee “Code of Conduct” e-learning program.

Climate Goals & Targets

Environmental Challenges

• Restructuring of SKAKO Concrete not fully completed in 2018, resulting in lower than expected cost savings (DKK 3.5m achieved vs. DKK 6m target).
• Some major projects in SKAKO Concrete delivered lower than expected profitability.
• Low order book at the beginning of 2018, leading to delays in several large projects.
• Hesitation in investment decisions in several European markets, lengthening the decision-making process.

Mitigation Strategies

• Restructuring of SKAKO Concrete finalized in 2018, with expectations of improved cost savings in 2019 and beyond.
• Increased focus on the recycling segment in SKAKO Vibration.
• Strong order book entering 2019, including a large order (DKK 25m) in Morocco for SKAKO Vibration.

Supply Chain Management

Supplier Audits: 100% of main suppliers signed the Supplier “Code of Conduct” (2018)

Responsible Procurement

• Supplier “Code of Conduct” addressing environmental impact and employee rights.

Climate-Related Risks & Opportunities

Environmental Metrics

ESG Focus Areas

• Environment
• Human rights
• Working environment
• Anti-corruption
• Equality

Environmental Achievements

• Reduced energy consumption (kWh) due to closing of production site in Lille, although a small increase is expected in 2020 due to the acquisition of Dartek.
• Further development of high-pressure washing system for mixers to reduce water consumption.
• Development of ROTOCONIX mixer expected to lead to technologies that help customers save cement.

Social Achievements

• All employees completed internal code of conduct e-learning.
• Average employee satisfaction score of 3.9 (goal >3.5).
• Decline in average sick days.
• Established a voluntary vaccination program to further reduce sick days.
• Extended whistleblower scheme to external parties.

Governance Achievements

• Established an audit committee.
• Formulated remuneration policies for the Board of Directors and Executive Management (to be approved at the general assembly).

Climate Goals & Targets

Environmental Challenges

• Decreased revenue from the German car manufacturing industry in H2 2019.
• Gross profit margins in SKAKO Concrete not at a satisfactory level.
• Uncertainty regarding order intake in SKAKO Concrete for delivery in the second half of 2020.
• Hesitation in investment decisions in several European markets and the German car manufacturing industry.
• Uncertainty added by the Corona virus to customer demand, SKAKO’s ability to deliver, and potential impact on SKAKO’s supply chain.

Mitigation Strategies

• Initiated S2020 Profit Enhancement Program in SKAKO Concrete to improve earnings, standardization, optimization of key products, delivery performance, sourcing, and sales.
• Acquisition of Dartek to strengthen presence in the recycling sector.
• Continuous monitoring of the Corona virus situation.

Supply Chain Management

Supplier Audits: 82% of main suppliers signed the Supplier “Code of Conduct” (2019)

Responsible Procurement

• Supplier “Code of Conduct” specifying principles for suppliers to follow regarding environment and employee rights.

Climate-Related Risks & Opportunities

Sustainable Products & Innovation

• ROTOCONIX mixer (expected to lead to technologies that help customers save cement)
• Online monitoring system for equipment (expected to be finalized in 2020)

Environmental Metrics

ESG Focus Areas

• Corporate Social Responsibility

Governance Achievements

• Adopted policies on corporate social responsibility.
• Established a whistleblower scheme.

Climate Goals & Targets

Supply Chain Management

Climate-Related Risks & Opportunities

Environmental Metrics

ESG Focus Areas

• Environment
• Human rights
• Working environment
• Anti-corruption
• Equality

Environmental Achievements

• Realized 17.9% lower consumption of kWh in 2021 compared to the goal of 1,000,000 kWh. This is mainly caused by lock-down period in spring 2021.
• Launched Green Plant Vision to optimize concrete production to reduce environmental footprint.
• Increased focus on reducing energy consumption, recycling of crushed concrete, reduction of cement, less use of water and reuse of aggregates in concrete production.

Social Achievements

• 95% of SKAKO employees passed the SKAKO Employee Code of Conduct e-learning.
• Extended the whistleblower scheme to external parties.
• Revised its global setup for monitoring sick days.

Governance Achievements

• Maintained its gift policy throughout 2021.
• Received no reported violations of anti-corruption laws and regulations, and SKAKO Employee Code of Conduct in 2021.
• Board of Directors approved remuneration policies for the Board of Directors and Executive Management.

Climate Goals & Targets

Environmental Challenges

• Covid-19 pandemic, supply chain shortages, freight price increases
• Low order intake in Q1 and Q2 2021, particularly in plant sales
• Low market level in North America for SKAKO Vibration

Mitigation Strategies

• Cost efficiency measures
• Strong order intake in H2 2021
• Implementation of a new focused sales strategy and systematic follow-up on goals and results
• Specific training program for plant sales and aftersales

Supply Chain Management

Supplier Audits: 85% of main suppliers signed the Supplier Code of Conduct in 2021

Responsible Procurement

• Supplier Code of Conduct

Climate-Related Risks & Opportunities

Environmental Metrics

ESG Focus Areas

• Environment
• Human rights
• Working environment
• Anti-corruption
• Equality

Environmental Achievements

• Reduced kWh consumption by 7.0% compared to a goal of 850,000 kWh, due to switching to LED lighting and heat pumps in Denmark and solar collectors in France.

Social Achievements

• Employee survey performed in 2023.
• 8 on-the-job accidents in 2023 (considered unsatisfactory by management).

Governance Achievements

• Maintained gift policy throughout 2023.
• No reported violations of anti-corruption laws and regulations.

Climate Goals & Targets

Environmental Challenges

• High growth in activities may prevent sufficiently fast energy consumption reduction.
• Increasing illness rate due to epidemics.
• Insufficient internal information on corrective actions.
• Unintentional violations of safety standards.
• Performance appraisal interviews not carried out on time due to business travels.
• Lack of transparency in compliance with SKAKO’s Supplier “Code of Conduct”.
• Historically male-dominated industry with limited access to female candidates.
• Employee “Code of Conduct” e-learning not prioritized.

Mitigation Strategies

• Revising global setup for monitoring sick days.
• Producing an annual employee satisfaction survey.
• Processes in place to ensure low-scoring departments receive guidance on improvement.
• Enforcing a gift policy.
• Introducing an internal whistleblower scheme.
• Developing an Employee “Code of Conduct” e-learning.
• Requiring candidates of both genders in the recruiting phase and taking into account the underrepresented gender at succession planning.
• Continuously communicating the basic principles of data ethics to SKAKO staff.
• Implementing annual review of data stored in CRM system.
• Securing that all customers and suppliers are confirming their consent with data stored in CRM.

Supply Chain Management

Supplier Audits: 90% of main suppliers signed Supplier “Code of Conduct” (2023)

Responsible Procurement

• Supplier “Code of Conduct”

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: IFRS

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Increased focus on ESG data and refurbishing existing plants, reusing spare parts in new plants.

Social Achievements

• Implemented a more focused aftersales strategy with additional aftersales managers in several countries; increased focus on customer satisfaction.
• Sharing of knowledge between business units to strengthen each unit.

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• Dampening of activity on Concrete markets; decrease in aftersales revenue.

Mitigation Strategies

• Market research for aftersales implementation at the end of 2023; proactive approach to customer care; increased focus on plant projects, particularly in the United States and German-speaking countries; refurbishment strategy.

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: IAS 34

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed