Eleiko Group AB
Climate Impact & Sustainability Data (2021)
Reporting Period: 2021
Environmental Metrics
Total Carbon Emissions:994 tCO2e (Scope 1 & 2 and parts of Scope 3)
Scope 1 Emissions:94 tCO2e
Scope 2 Emissions:0 tCO2e
Scope 3 Emissions:898 tCO2e
Renewable Energy Share:100% (electricity and heating at facilities)
Total Energy Consumption:383,981 KWh
Waste Generated:13.1 t (wood + burnable) per delivered ton
ESG Focus Areas
- Greenhouse gas emissions reduction
- Sustainable product development
- Community engagement
- Work environment and equality
Environmental Achievements
- Partnership with Position Green to measure and manage environmental impact, breaking down Scope 1 and 2 and parts of Scope 3 GHG emissions.
- Installation of a compressor for cardboard reducing weekly collections.
- Use of standard pallets and collars for deliveries to reduce wood waste.
- Reuse of plastic bags from inbound deliveries in EVO-dumbbell packaging.
- Eleiko XF Bumper Plates utilize 90-95% recycled EU standard car tires, produced within 10km of headquarters.
- Apparel contains 55% sustainable material (organic cotton).
Social Achievements
- Sponsored virtual competitions bringing together the strength training community.
- Partnered with BRAWN and IPF to host a global virtual powerlifting competition.
- Hosted the IPF 2021 World Classic Championships at Eleiko headquarters.
- Launched "Lifting Makes Me" campaign promoting physical and mental health benefits of lifting.
- Supported local associations, organizations, and projects.
Governance Achievements
- Achieved 80.6 points in the B Corp Impact Assessment.
- First full year as a participating member of the UN Global Compact.
- Implemented a Supplier Sustainability Evaluation Process.
- Established a zero-tolerance corruption policy and Code of Conduct.
Climate Goals & Targets
Long-term Goals:
- Become a carbon neutral company.
Medium-term Goals:
- Add more categories from Scope 3 according to the GHG protocol.
- Analyze GHG emissions and plan actions for reduction.
- Complete a life cycle analysis for bars.
- Evaluate and balance diversity among employees.
Short-term Goals:
- Reduce waste by 20% by 2024 (compared to 2020).
- Reduce CO2 emissions from transportation by 20% by 2024 (compared to 2020).
- Reduce purchased electricity at headquarters by 20% by 2024 (compared to 2020).
- Zero workplace accidents each year.
Environmental Challenges
- Global supply chain issues impacting transportation and air freight reduction goals.
- Increased electricity prices and usage with the construction of a new distribution center.
- Increased demand and prices of raw materials (steel).
- Limited control over outsourced manufacturing's environmental and working conditions.
- Covid-19 impact on community health and access to training facilities.
Mitigation Strategies
- Goal to source more locally (Europe, Sweden, Halmstad, in-house).
- New distribution center built with high environmental standards and solar panels.
- Use of Swedish steel and life cycle analysis of barbells to minimize risks.
- Regular Work Condition Assessments at suppliers and Supplier Sustainability Evaluation Process.
- Development of online products and education to maintain community engagement during Covid-19.
Supply Chain Management
Supplier Audits: Periodic supplier audits and inspections
Responsible Procurement
- Code of Conduct
- Supplier Sustainability Evaluation Process
- Local sourcing strategy
Climate-Related Risks & Opportunities
Transition Risks
- Stricter regulations around sustainable business development.
Opportunities
- Development of energy-efficient products and processes.
Reporting Standards
Frameworks Used: GHG Protocol, B Corp Impact Assessment, UN Global Compact
Certifications: ISO 14001
UN Sustainable Development Goals
- SDG 3: Good Health and Well-being
- SDG 12: Responsible Consumption and Production
- SDG 13: Climate Action
Initiatives to reduce GHG emissions, promote health and well-being, and develop sustainable products.
Sustainable Products & Innovation
- Eleiko XF Bumper Plates
- Apparel with organic cotton