Climate Change Data

Matas A/S

Climate Impact & Sustainability Data (2022-04 to 2023-03, 2023-04 to 2024-03)

Reporting Period: 2022-04 to 2023-03

Environmental Metrics

Total Carbon Emissions:56,081 tCO2e/year
Scope 1 Emissions:487 tCO2e/year
Scope 2 Emissions:5,276 tCO2e/year
Scope 3 Emissions:50,318 tCO2e/year
Renewable Energy Share:13%
Total Energy Consumption:103,846 GJ/year
Water Consumption:8,886 m3/year
Waste Generated:1,210 tons/year
Carbon Intensity:12.5 tons CO2e/DKK million revenue

ESG Focus Areas

  • Climate change
  • Plastic reduction
  • Public health
  • Diversity and inclusion
  • Employee well-being
  • Governance
  • Supply chain sustainability
  • Data privacy and ethics

Environmental Achievements

  • Reduced CO2 emissions by 7.5% in Scopes 1 and 2 compared to 2021/22.
  • Removed 44,019,944 pieces of plastic since 2019.
  • Increased recycled plastic content in Striberne Sun Care to 42%.
  • Replaced plastic wrapping on M. Cosmetics Professional make-up brushes with FSC certified cardboard and wood.
  • Reduced virgin plastic use in logistics by 2.4 tons and 1.3 tons through material substitutions.

Social Achievements

  • Reduced total employee turnover to 47.8% from 49.3% in 2021/22.
  • Launched Matas Health Index to assess physical and mental well-being of Danish women.
  • Partnered with True North and Potential Project to improve employee mental health.
  • Raised over DKK 400,000 for Girltalk to support young people's mental health.
  • Continued partnership with the Danish Cancer Society to promote skin cancer prevention.

Governance Achievements

  • Implemented an ESG Board that meets 5 times a year to oversee ESG strategy implementation.
  • Linked 7.5% of CEO and CFO target bonus to ESG performance.
  • Updated Supplier Code of Conduct to include ESG requirements.
  • Improved ESG ratings from Nordea, MSCI, and Morningstar Sustainalytics.
  • No reports of corruption or whistleblower reports submitted during the year.

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • CO2 neutral by 2030
  • Eliminate 100 million pieces of plastic by 2030
Short-term Goals:
  • Not disclosed

Environmental Challenges

  • Rising energy prices impacting business leeway.
  • Inflation eroding consumer purchasing power.
  • War in Ukraine creating economic uncertainty and increased fear.
  • Decreasing mental well-being among young people, particularly women.
  • High employee turnover in the retail industry.
  • Difficulty recruiting due to low unemployment rate.
Mitigation Strategies
  • Implemented energy reduction measures in stores, HQ, and warehouses.
  • Purchased RECs to reduce market-based emissions.
  • Improved online shopping integration with physical stores to reduce transport and packaging.
  • Launched new people strategy to improve employee satisfaction and retention.
  • Partnered with organizations to address employee mental health.
  • Implemented new questions in employee satisfaction surveys to gauge inclusion.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Updated Supplier Code of Conduct with ESG requirements

Climate-Related Risks & Opportunities

Physical Risks
  • Energy price volatility
Transition Risks
  • Regulatory changes related to PFAS and other substances
Opportunities
  • Development of energy-efficient products and operations

Reporting Standards

Frameworks Used: UN Global Compact, EU Taxonomy

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • 3 (Good Health and Well-being)
  • 5 (Gender Equality)
  • 8 (Decent Work and Economic Growth)
  • 12 (Responsible Consumption and Production)
  • 13 (Climate Action)
  • 14 (Life Below Water)

Matas' initiatives contribute to these goals through various programs and commitments outlined in the report.

Sustainable Products & Innovation

  • Private label products with recycled materials and sustainable certifications

Awards & Recognition

  • Most sustainable brand in the Sustainable Brand Index (beauty category)

Reporting Period: 2023-04 to 2024-03

Environmental Metrics

Total Carbon Emissions:116,164 tCO2e/year
Scope 1 Emissions:475 tCO2e/year
Scope 2 Emissions:3,152 tCO2e/year
Scope 3 Emissions:116,164 tCO2e/year
Renewable Energy Share:42% of total energy use
Total Energy Consumption:92,325 GJ/year
Water Consumption:19,570 m3/year
Waste Generated:1,879 tons/year
Carbon Intensity:17.9 tCO2e/DKKm

ESG Focus Areas

  • Drive sustainable retail
  • Champion health
  • Promote inclusion

Environmental Achievements

  • Reduced scopes 1 and 2 emissions by 37%
  • Removed >46 million plastic pieces since 2019
  • Collected >32 tons of plastic waste at Matas stores in 2023/24
  • KICKS' new warehouse achieved BREEAM-SE Excellent certification and is powered by solar panels

Social Achievements

  • Reduced Matas employee turnover by 7 percentage points
  • Achieved equal gender distribution in the Executive Management Team
  • >300 Matas employees trained in mental health
  • 17% increase in beauty products with recognized environmental and health certifications

Governance Achievements

  • Introduced a Code of Business Conduct for employees
  • Rolled out an updated Supplier Code of Conduct
  • Launched a new Human Rights Policy
  • Increased the percentage of leadership bonus agreements linked to ESG goals to 10%

Climate Goals & Targets

Medium-term Goals:
  • Set new Nordic goals to reduce CO2 emissions aligned with SBTi
Short-term Goals:
  • Set goals for reporting and governance across the Group
  • Define updated Nordic and local goals for an inclusive and safe working environment

Environmental Challenges

  • Increasing scope 3 emissions driven by business growth and KICKS consolidation
  • Employee turnover remains a significant risk
  • Negative trends in the retail industry impacting talent recruitment
  • Increase in reported work injuries due to KICKS data consolidation
Mitigation Strategies
  • Commitment to the Science Based Targets initiative (SBTi)
  • Investing in renewable energy
  • Working to reduce emissions in own operations
  • Engaging with suppliers on emission reduction plans
  • Building a new training and education organization
  • Implementing a unified method for measuring employee satisfaction
  • Training employees on new guidelines to respond to theft and aggressive customer confrontations

Supply Chain Management

Supplier Audits: 36% of suppliers committed to Code of Conduct

Responsible Procurement
  • Supplier Code of Conduct

Climate-Related Risks & Opportunities

Physical Risks
  • Flooding

Reporting Standards

Frameworks Used: CSRD, EU Taxonomy