Climate Change Data

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