Navigo Invest AB (publ)
Climate Impact & Sustainability Data (2019, 2023)
Reporting Period: 2019
Environmental Metrics
Climate Goals & Targets
Short-term Goals:
- Re-establish a strong financial position for Pegroco.
Environmental Challenges
- Flexenclosure's bankruptcy due to significant cost overruns and changes in delivery specifications.
- Consequences of the COVID-19 pandemic, including reduced demand and longer decision-making processes.
Mitigation Strategies
- Acquisition of eSite Power Systems from Flexenclosure's bankruptcy estate.
- Prioritization of liquidity, postponement of non-essential investments, and cost reduction measures.
- Continued divestments and evaluation of capital raising alternatives.
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Period: 2023
Environmental Metrics
ESG Focus Areas
- Sustainable kemikaliehantering
- Energy efficiency
- Green bonds
Environmental Achievements
- Increased demand for energy-efficient services in the engineering industry (CalorMet)
- Vinga successfully completed transactions within ESG-focused themes such as electrification and energy recovery.
Social Achievements
- Increased number of shareholders from approximately 250 at the IPO in September 2023 to over 700 today.
- Chemgroup won a tender with Adda Inköpscentral for the purchase of chemicals, providing over 1,100 businesses in 290 municipalities and 21 regions with access to sustainable chemical management.
Governance Achievements
- Strengthened financial goal to achieve a 15% return on adjusted equity per year at the parent company level.
Climate Goals & Targets
Environmental Challenges
- Challenges in the bond market impacting Vinga's margin in Q4.
- Harsh market climate impacting Nordisk Bergteknik.
- Bankruptcy of Alelion impacting results.
- Lower than expected margin for Vinga in Q4 due to challenges in the bond market.
Mitigation Strategies
- Cost-saving measures implemented in Nordisk Bergteknik.
- Strengthened financial goal to achieve a 15% return on adjusted equity per year at the parent company level.
- Continued investment and development in Chemgroup.