Faber Group
Climate Impact & Sustainability Data (2022)
Reporting Period: 2022
Environmental Metrics
Total Carbon Emissions:160,000 tons CO2e (2022)
Scope 1 Emissions:0.49%
Scope 2 Emissions:0.05%
Scope 3 Emissions:94.70%
ESG Focus Areas
- Environment
- Social
- Governance
Environmental Achievements
- Maintained EcoVadis Platinum rating (81/100)
- IPP received a two-star European Lean & Green rating
- 88% of pallets purchased by IPP and 72% by PRS were made of certified wood in 2022
Social Achievements
- Awarded World Class Workplace label for 2022-23
- Organized support initiatives for Ukrainian refugees
- Rolled out mandatory e-learning program focused on compliance, including Diversity, Equity and Inclusion
Governance Achievements
- Implemented a robust governance framework ensuring effective oversight, accountability, and transparency
- Defined clear roles and responsibilities in the sustainability program
- Aligned policies and reporting with UN Global Compact and SDGs
Climate Goals & Targets
Long-term Goals:
- Net zero emissions (Scope 1, 2 & 3) by 2045
Medium-term Goals:
- Scope 1 & 2 emissions reduced by 50% (absolute reduction) by 2030
- Scope 3 emissions reduced by 30% (per trip) by 2030
Short-term Goals:
- Reduce CO2e emissions per trip by 30% in 2030 compared to 2021
- Minimum of 80% certified wood (verified sustainable) by 2025
- 100% of key suppliers signed code of conduct by 2025
Environmental Challenges
- Higher absenteeism (7.5% overall) partly due to COVID-19
- Increased absolute CO2e emissions for PAKi and IPP despite growth in trips and business
- Some KPIs in 2022 were less favorable compared to 2021
Mitigation Strategies
- Initiatives taken to support employees with flexible working arrangements and additional support from occupational health officers
- Focus on footprint per unit (per trip, barter, or m3 wood) to better assess improvements in the value chain
- Continuous improvement of data quality and integration of new entities into environmental data assessment
Supply Chain Management
Responsible Procurement
- Supplier code of conduct
- Sustainable sourcing of wood (PEFC/FSC certified)
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: UN Global Compact, Sustainable Development Goals
UN Sustainable Development Goals
- SDG 12
- SDG 13
- SDG 17
Faber Development Goals (FDGs) aligned with SDGs 12, 13, and 17
Sustainable Products & Innovation
- RUDI (ReUsable Display)
Awards & Recognition
- EcoVadis Platinum Award
- World Class Workplace label