Climate Change Data

Rapala VMC Corporation

Climate Impact & Sustainability Data (2022, 2023)

Reporting Period: 2022

Environmental Metrics

Total Carbon Emissions:5000 tCO2e/year (2022)
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:64 TJ/year (2022)
Water Consumption:29000 m3/year (2022)
Waste Generated:635 tons/year (2022)
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Environmental Responsibility
  • Social Responsibility
  • Governance

Environmental Achievements

  • Shifted to renewable energy in Finland and Estonia lure manufacturing units in 2020 and Marttiini factories in 2021, decreasing CO2 emissions considerably.
  • Introduced plastic-free packaging for some Marttiini products in 2021 and for Rapala hard bait in 2022.
  • Invested in solar panels in Dynamite Baits factory to fully cover their electricity use.
  • Invested in a machine to neutralize Pärnu factory’s VOC emissions.

Social Achievements

  • Updated Supplier Code of Conduct in 2021 and started implementation in 2022.
  • Launched a social audit project in 2022 to examine manufacturing sites in 2023.
  • Supported various local community initiatives and environmental cleaning projects.
  • Maintained employee benefits representing 26% of consolidated net sales.

Governance Achievements

  • Implemented an anti-corruption and bribery policy in 2018.
  • Established a third-party managed whistleblowing channel.

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Marttiini knife production and Rapala lure manufacturing aim to reduce their carbon footprint during the upcoming years.
Short-term Goals:
  • Aims to be one of the leading fishing tackle companies in the world in terms of sustainability by 2024.
  • Aims for all lures to be lead-free by 2023.

Environmental Challenges

  • Possible risks regarding personnel and human rights, especially when using external suppliers (child labor, working hours, safety, equality).
  • Environmental impacts from raw materials, airborne emissions, and waste.
  • Environmental risks from handling flammable and toxic raw materials and wastewater processing.
  • Environmental impacts of transportation and storage of goods.
Mitigation Strategies
  • Requires suppliers to comply with the Group’s Code of Conduct.
  • Continuously monitors the realization of human rights in its units.
  • Selects energy forms carefully, optimizes processes, and utilizes recycled raw materials.
  • Maximizes sea transportation and minimizes air transportation.
  • Consolidates shipments and optimizes production to minimize shipping volumes.
  • Updated supplier Code of Conduct in 2021 to better control ESG aspects of sourced products.
  • Plans to standardize and enhance auditing processes for suppliers.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Supplier Code of Conduct (updated in 2021, implementation started in 2022).

Climate-Related Risks & Opportunities

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

Reporting Standards

Frameworks Used: EU Taxonomy

Certifications: FSC (for some balsa wood)

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • Plastic-free packaging for some products; lures using recycled plastic sidestreams; bio-based biocomposite material.

Awards & Recognition

  • Not disclosed

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:4,950 tCO2e (Scope 1 & 2)
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:66 TJ
Water Consumption:33,400 m3
Waste Generated:1,371 tons
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Environmental
  • Social
  • Governance

Environmental Achievements

  • Lead removed from over 90% of Rapala lures.
  • Dynamite Baits factory in the UK achieved zero waste to landfill.
  • Williamson achieved nearly 100% plastic-free packaging.
  • 50% reduction in plastic use for Rapala lure packaging.
  • 60% reduction in VOC emissions in Pärnu lure production.

Social Achievements

  • Implemented a new policy addressing discrimination and inappropriate behavior.
  • Appointed harassment contact persons in various locations.
  • Established close collaboration with the pension company and occupational health care provider in Finland.

Governance Achievements

  • Updated the Group’s sustainability-related guidance documents, including the Supplier Code of Conduct.
  • Initiated a third-party sustainability auditing process for suppliers and own manufacturing sites.
  • No reported whistleblowing cases in 2023.

Climate Goals & Targets

Long-term Goals:
  • Be one of the leading fishing tackle companies in terms of sustainability by 2024.
  • Introduce alternatives for substances harmful to aquatic ecology (lead removal from all Rapala products, biodegradable materials for soft baits).
Medium-term Goals:
  • Reduce energy-related emissions by sourcing all energy from fossil-free sources by 2026.
  • Reduce VOC emissions by an additional 20% in Pärnu by 2024.
Short-term Goals:
  • Update Code of Conduct and internal control materials to reflect refined ambitions.

Environmental Challenges

  • Technical challenges associated with lead-free products.
  • Potential risks related to employee well-being and commitment.
  • Supply chain encompassing human rights and environmental risks.
  • Risks associated with certain raw materials (wolfram, balsa).
  • Impending extended producer responsibility for fishing gear.
Mitigation Strategies
  • Extended timeline for 100% lead-free Rapala products to 2025.
  • Refined processes related to the procurement of wolfram and timber.
  • Actively monitoring legislative developments to fulfill producer responsibility obligations.
  • Initiated sustainability audits at Rapala’s own factory and key suppliers.
  • Developing a more long-term audit plan for suppliers.

Supply Chain Management

Supplier Audits: 3 key vendors in China audited in autumn 2023

Responsible Procurement
  • Supplier Code of Conduct
  • Fine-tuning processes related to the procurement of conflict minerals (wolfram) and timber.

Climate-Related Risks & Opportunities

Physical Risks
  • Effects on fish stocks and winter sports
Transition Risks
  • Shifting attitudes towards recreational fishing
Opportunities
  • Development of energy-efficient products

Reporting Standards

Frameworks Used: GRI

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • Lead-free lures
  • Biodegradable soft baits
  • More sustainable lure materials (wood)
  • Recycled materials in products

Awards & Recognition

  • Not disclosed