Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environment
• Social
• Governance

Environmental Achievements

• Sold filter units with a capacity of approx. 20,000,000 m³/h, cleaning millions of cubic meters of air.
• Absolent AB introduced a new energy-efficient series of filter units (A.line) resulting in an energy (CO2) saving of 30-50%.

Social Achievements

• 72% of Absolent Group employees agreed that it is a very good workplace (2019 employee survey).
• Low sick leave rates.
• Active measures against discrimination.
• Participation in community initiatives (Spin of Hope, plogging, tree planting).

Governance Achievements

• Clear Code of Conduct to combat corruption.
• Detailed Code of Conduct provides instructions and guidance on how to act in all of the areas in the sustainability report.

Climate Goals & Targets

Environmental Challenges

• Brexit lowered customers’ willingness to invest and slowed down decisions in the UK.
• Weak European automotive industry.
• Challenges in the distributor chain in North America.
• Delayed investment decisions in China.
• Risks associated with acquisitions (integration, departure of key personnel, cancellation of agreements).

Mitigation Strategies

• Consolidated operations in UK & Ireland (closed production unit, integrated support functions).
• Created a joint marketing team for most brands in Europe.
• Stabilized the team and turned around sales into organic growth in North America.
• Simplified legal structure and established joint management and support functions in North America.
• Established joint management and support functions for all companies in APAC and merged offices in Shanghai.
• Continuous improvement work to reduce resource use and waste.

Supply Chain Management

Supplier Audits: Continuous assessment throughout the year.

Responsible Procurement

• Good collaborations with local and international suppliers.
• Working to achieve purchasing synergies between companies.
• Long-term strategy to reduce transport by producing closer to major geographic markets.

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Developing energy and material-efficient products.

Reporting Standards

Frameworks Used: GRI (Global Reporting Initiative) - mentioned as a future framework

Certifications: ISO 14000 (most companies)

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Goal 3
• Goal 8
• Goal 9
• Goal 12

Absolent Group’s sustainability activities contribute to these goals through air cleaning solutions, efficient resource use, sustainable industrial processes, and sound chemical and waste management.

Sustainable Products & Innovation

• A.5 filter unit (Absolent)
• Infinity (Filtermist)
• UV-TurboSwing (Jeven)

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Climate change
• Environmental responsibility
• Work environment
• Social conditions and personnel
• Human rights
• Anti-corruption

Environmental Achievements

• Implemented the GHG Protocol for measuring greenhouse gas emissions across three scopes (Scope 1, 2, and 3).
• Set ambitious carbon targets: net-zero emissions from own operations by 2030 and net-negative emissions from the value chain by 2050.
• Actively working to minimize energy consumption of products through technological advancements.

Social Achievements

• 72% of employees agreed that Absolent Group is a very good workplace (based on a 2020 employee survey).
• Active measures against discrimination as part of systematic work environment management.
• Employees participated in various sustainability initiatives (Spin of Hope, plogging, tree planting).

Governance Achievements

• Implemented a group-wide code of conduct to address human rights and anti-corruption.
• No reported instances of corruption or human rights violations in 2020.
• Continuous improvement of anti-corruption work through supplier assessments and education.

Climate Goals & Targets

Environmental Challenges

• COVID-19 pandemic significantly impacted order intake and sales, leading to a cost reduction program.
• Decreased demand in some customer segments due to the pandemic.
• Cyclical dependence on industries like automotive, aerospace, and manufacturing.

Mitigation Strategies

• Implemented a cost reduction program resulting in annual savings of SEK 53 million.
• Consolidated past acquisitions, streamlined production processes, and adapted operations to address declining demand.
• Developed and implemented a strategy to add carbon capture solutions to address market trends and reduce environmental impact.

Supply Chain Management

Responsible Procurement

• Good collaborations with local and international suppliers; continuous assessment of suppliers; working towards purchasing synergies.

Climate-Related Risks & Opportunities

Opportunities

• Development of carbon capture solutions

Reporting Standards

Frameworks Used: GRI (Global Reporting Initiative) - mentioned as a future framework

Certifications: ISO 14000 (most companies in the Group)

UN Sustainable Development Goals

• Goal 3 (Good Health and Well-being)
• Goal 8 (Decent Work and Economic Growth)
• Goal 9 (Industry, Innovation, and Infrastructure)
• Goal 12 (Responsible Consumption and Production)
• Goal 13 (Climate Action)

Absolent Group's air cleaning solutions contribute to these goals by improving air quality, promoting resource efficiency, and reducing greenhouse gas emissions.

Sustainable Products & Innovation

• A.5 filter unit (Absolent)
• Infinity (Filtermist)
• UV-TurboSwing (Jeven)

Environmental Metrics

ESG Focus Areas

• Climate change
• Resource use
• Waste management
• Social development
• Increased diversity
• Prevent corruption
• Increased equality
• Respect for human rights
• Work environment

Environmental Achievements

• Set two ambitious carbon targets: carbon neutral operations by 2030 and carbon negative value chain by 2050.
• Decreased total emissions in relation to net sales compared to the previous year.
• Switched to fossil-free electricity in several production facilities.
• Increased the share of electric cars in the Group.
• Launched A•erity, a new line of oil mist filter units with optimized energy consumption and minimized CO2 footprint.
• Launched CarbonBag, a new sustainable and ergonomic gas filter with reusable active carbon and recyclable parts.

Social Achievements

• 76% of employees agree that Absolent Air Care Group is a very good workplace (2022 Employee Survey).
• Active measures against discrimination.
• Equal opportunities for all employees.
• Low sick leave rate.
• Annual employee appraisal interviews.

Governance Achievements

• Established a Group-wide Code of Conduct to identify any lack of respect for human rights.
• Implemented an Anti-corruption policy and an Anti-money laundering policy.
• Continuous work to streamline anti-corruption work through supplier assessments and education.

Climate Goals & Targets

Environmental Challenges

• Large, rapid price increases on input material in the Commercial Kitchen business area.
• Washing and destruction of used filter cassettes.
• Physical risks in industrial operations.
• Lack of knowledge and control in geographical areas and cultures regarding human rights.
• Geopolitical disturbances and uncertainty in the market.

Mitigation Strategies

• Gradual price increases to customers and continuous work to secure an appropriate balance between cost increases and price adjustments.
• Constant contact with licensors and agreements with local companies for safe and environmentally friendly handling of used filter cassettes.
• Compliance with applicable safety rules and systematic work environment management.
• Group-wide Code of Conduct.
• Diversification of end customers across various industries.

Supply Chain Management

Responsible Procurement

• Good collaborations with local and international suppliers.
• Several potential subcontractors to reduce dependency on individual suppliers.
• Supplier assessments carried out throughout the year.
• Long-term strategy to reduce transports by producing closer to large geographic markets.

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI (Global Reporting Initiative)

Certifications: ISO 14000

UN Sustainable Development Goals

• Goal 3
• Goal 9
• Goal 12
• Goal 13
• Goal 8

Absolent Air Care Group’s sustainability activities contribute to these goals through air cleaning products, energy-efficient technologies, waste reduction, carbon emission reduction targets, and resource efficiency.

Sustainable Products & Innovation

• A•erity oil mist filter units
• CarbonBag gas filters
• A•smart Ambient air quality monitoring system

Environmental Metrics

ESG Focus Areas

• Climate change
• Resource use
• Waste management
• Social development
• Increased diversity
• Prevent corruption
• Increased equality
• Respect for human rights
• Work environment

Environmental Achievements

• Launched A•erity, a new range of oil mist filters with improved energy efficiency and reduced size, contributing to lower resource use and waste.
• Continued efforts to reduce Scope 1 and 2 emissions by switching to fossil-free electricity and increasing electric car usage.
• Developed a prototype for carbon capture technology, aiming for full-scale production and commercialization.

Social Achievements

• 74% of employees agreed that Absolent Air Care Group is a very good workplace (2023 Employee Survey).
• Implemented active measures against discrimination and promoted equal opportunities.
• Reduced Lost Time Accident Rate (LTAR) compared to the previous year.

Governance Achievements

• Established a Group-wide Code of Conduct to identify and address any lack of respect for human rights.
• Implemented an Anti-corruption policy and Anti-money laundering policy.
• Continued to streamline anti-corruption work through supplier assessments and employee education.

Climate Goals & Targets

Environmental Challenges

• Uncertainties in some markets and challenging external factors such as inflation and interest rates.
• Unfavorable currency effects and restructuring costs.
• Temporary imbalances between large, rapid price increases on input material and the possibility to increase prices to customers.

Mitigation Strategies

• Consolidation projects in the UK and Canada to create larger, more efficient production facilities.
• Personnel-related restructuring measures in Canada and the Netherlands.
• Work on ensuring the right balance between cost increases and price adjustments.

Supply Chain Management

Supplier Audits: Regular supplier assessments are carried out.

Responsible Procurement

• Good collaborations with both local and international suppliers of components.
• Continuous work to achieve purchasing synergies between the companies.
• Long-term strategy to reduce transports by producing closer to large geographic markets.

Climate-Related Risks & Opportunities

Physical Risks

• None deemed to have material financial impact.

Transition Risks

• Changes in legislation and official regulations may call for investments and generate increased costs.

Opportunities

• Increased regulation regarding environmental impact and sustainability supports the demand for air cleaning products.

Reporting Standards

Frameworks Used: GRI (Global Reporting Initiative)

Certifications: ISO 14000

UN Sustainable Development Goals

• Goal 3
• Goal 9
• Goal 12
• Goal 13
• Goal 8

Absolent Air Care Group's sustainability activities contribute to these goals through air cleaning products, resource-efficient product development, waste reduction, carbon emission reduction targets, and efficient resource use.

Sustainable Products & Innovation

• A•erity oil mist filters