LSAB Group AB
Climate Impact & Sustainability Data (2021)
Reporting Period: 2021
Environmental Metrics
Total Carbon Emissions:644 tonnes (2019), 478 tonnes (2020), 475 tonnes (2021) - Scope 1 & 2
Renewable Energy Share:100% in Sweden (2021)
Total Energy Consumption:700 MWh/MSEK (2019), 600 MWh/MSEK (2020), 500 MWh/MSEK (2021)
ESG Focus Areas
- Employee Safety
- Environmental Impact Reduction
- Business Ethics
Environmental Achievements
- Reduced CO2 footprint by approximately 25% since 2019 (due to switching to renewable energy sources in Finland and Sweden, Covid-19 reduced company travel).
- 100% renewable electricity usage in Sweden.
- Conversion to LED lighting in several locations.
- Consolidated two manufacturing sites in Laholm into one, reducing environmental footprint.
- Initiated ISO 14001 certification process.
Social Achievements
- Introduced "Our Choice" program for future growth and sustainability.
- Introduced "Seven Guiding Stars" to enhance employee engagement.
- Established hybrid working.
- Support for Solvatten project providing clean water.
Governance Achievements
- Added key posts such as CFO and Business Unit Managers.
- Created the role of Sustainability Manager.
- Adherence to Latour's Code of Conduct.
Climate Goals & Targets
Medium-term Goals:
- 100% renewable energy throughout LSAB Group by 2030.
- -5% annual reduction in energy consumption relative to turnover.
- -5% annual reduction in absolute CO2 emissions (Scope 1 & 2).
Short-term Goals:
- Zero work-related accidents.
- 100% ISO 14001 certification by 2025.
Environmental Challenges
- High number of work-related accidents, particularly in Swedish plants.
- Energy consumption needs reduction.
- Significant CO2 emissions from company vehicles.
Mitigation Strategies
- Building leadership and culture for safety.
- Increased security focus at all plants.
- Proactive incident and risk reporting.
- Energy mapping at Laholm/Micor plant to identify energy inefficiencies.
- Conversion to LED lighting in Norway and Latvia.
- Investigation into fossil-free fuel for trucks and HVO for diesel cars.
- Company car policy promoting hybrid or electric vehicles.