Climate Change Data

Bong AB (publ)

Climate Impact & Sustainability Data (2020, 2021, 2023)

Reporting Period: 2020

Environmental Metrics

ESG Focus Areas

  • Environment
  • Social
  • Governance

Environmental Achievements

  • More than 90 percent of total waste from the plants goes to recycling.
  • All fine paper suppliers can show full traceability and origin control of the raw material.
  • The largest manufacturing facilities are certified according to ISO 14001 and ISO 9001.

Social Achievements

  • No serious work accident occurred in the Group's units in 2020.
  • Good relations with the trade unions in each country.
  • The company does not discriminate on the basis of gender, age, ethnicity, religion, political opinion, etc.

Governance Achievements

  • Bong complies with the Code with regard to requirements for independent Board members.
  • The Audit Committee met three times in 2020, all of which were fully attended.
  • The Remuneration Committee met on one occasion in 2020, at which all members participated.

Climate Goals & Targets

Environmental Challenges

  • The Covid-19 pandemic led to profound changes in operating environments, supply chain disruptions, and changes in consumer behavior.
  • A heavy –13% decline for Retail Gift Bags due to hard lockdowns.
  • Overall, the sales decreased by 18% compared to 2019 in the envelope segment.
Mitigation Strategies
  • Restructuring in UK and France and saving efforts in all countries.
  • Investments in light packaging products to accelerate growth.
  • Repurchase of own bond loan.

Supply Chain Management

Supplier Audits: At the end of 2020, paper suppliers with volumes corresponding to more than 90 percent of Bong's purchases of fine paper had signed Bong's Code of Conduct for suppliers.

Responsible Procurement
  • Code of Conduct
  • Supplier Code of Conduct

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: Global Compact

Certifications: ISO 14001, ISO 9001, PEFC, FSC

Third-party Assurance: PricewaterhouseCoopers AB

Sustainable Products & Innovation

  • e-Green environmentally friendly solution made from 100% strong kraft paper

Reporting Period: 2021

Environmental Metrics

ESG Focus Areas

  • Environment
  • Social
  • Governance

Environmental Achievements

  • Waste per unit manufactured was 1% lower in 2021 compared with 2020 and almost 4% lower than in 2016.
  • More than 90 percent of the total waste from the plants goes to recycling.
  • Some major plants are certified according to ISO 50001, which is an energy management system targeted at the continuous improvement of energy efficiency, energy use and energy consumption.

Social Achievements

  • No serious work accident occurred in the Group's units in 2021.
  • Good relations with the trade unions in each country.
  • The company does not discriminate on the basis of gender, age, ethnicity, religion, political opinion, etc.

Governance Achievements

  • Bong’s Code of Conduct imposes bans on bribery.
  • The company considers that the governance and control of its own operations and impact on suppliers provides support for the assessment that overall the company's sustainability risks are comparatively small.
  • The Board of Directors has established a remuneration committee.

Climate Goals & Targets

Environmental Challenges

  • Supply chains of raw material remain very tense with long lead times.
  • Exploding gas and electricity prices on top of machine shutdowns and strikes, which reduce available paper capacity and put massive pressure on paper prices.
  • Drastic price increases for glue, window films, freight, packaging, and difficulties in hiring qualified workforce.
Mitigation Strategies
  • Bong has successfully implemented sales price increases to customers but needs to increase prices further in Q1 and Q2 2022.
  • Focus on sales price increase, improvement of efficiency and reduction of cost.
  • Further increase our light packaging production capacities and product portfolio despite a difficult labor market in Europe.

Supply Chain Management

Supplier Audits: At the end of 2021, paper suppliers with volumes corresponding to more than 90 percent of Bong's purchases of fine paper had signed Bong's Code of Conduct for suppliers.

Responsible Procurement
  • Supplier Code of Conduct

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: Global Compact

Certifications: ISO 14001, ISO 9001, ISO 50001, PEFC, FSC

Third-party Assurance: PricewaterhouseCoopers AB

Sustainable Products & Innovation

  • e-Green product range
  • Bubble Mailers
  • Board Backs
  • Corrugated Board
  • All Board Mailers
  • 100% paper based ecological mailer

Reporting Period: 2023

Environmental Metrics

ESG Focus Areas

  • Environment
  • Social
  • Governance

Environmental Achievements

  • Decreased energy consumption per manufactured unit by more than 8% compared to 2022
  • More than 90% of total waste from the plants goes to recycling

Social Achievements

  • No serious work accident occurred in the Group's units in 2023
  • Good relations with trade unions in each country

Governance Achievements

  • Continued support for the UN Global Compact initiative
  • Ongoing refinancing process of senior secured bonds

Climate Goals & Targets

Environmental Challenges

  • Weak macroeconomic conditions in Europe, high inflation dampening consumer demand
  • High energy prices, increasing towards the end of the year
  • Potential supply chain and delivery problems due to the war in Israel/Gaza
Mitigation Strategies
  • Continuous efforts to keep costs under control
  • Measures to improve energy efficiency
  • Intensive work on improving productivity and adjusting staff to meet current demand
  • Evaluating possibilities for alternative solutions for refinancing bonds

Supply Chain Management

Supplier Audits: At the end of 2023, paper suppliers with volumes corresponding to more than 90 percent of Bong's purchases of fine paper had signed Bong's Code of Conduct for suppliers.

Responsible Procurement
  • Supplier Code of Conduct
  • Demanding environmental requirements imposed on suppliers of glue, paint and window film

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: UN Global Compact, Swedish Annual Accounts Act

Certifications: ISO 14001, ISO 9001, ISO 50001, PEFC, FSC

Third-party Assurance: PricewaterhouseCoopers AB

Sustainable Products & Innovation

  • AirPro Green range of cushioned paper mailers
  • Turn Over Top paper carrier bags