OilQuick AB (556066-5530)

Increased reuse of cemented carbide, extending tool life and reducing costs by around 80% compared to buying new.
Installed a high-volume oxygen tank, reducing transports by 92%.
Established an agreement with a supplier to keep stock on-site, reducing transports.
Optimized order points for consumables, reducing climate footprint and order costs.
Implemented direct free cooling and night cooling, significantly reducing energy consumption for cooling systems.
Raised company car allowances and increased charging points to incentivize employees to choose eco-friendly cars.

Certified as a Great Place to Work® company.
Developed a Code of Conduct for employees and subsidiaries.
Supported local health-promoting initiatives, particularly youth sports.
Implemented extensive initiatives focused on employee health and well-being (Health Ambassadors, various activities).
Achieved record attendance at the Blodomloppet (Blood Drive).

Established a sustainability council consisting of the CEO, CFO, Business Developer, and Sustainability Coordinator.
Developed and communicated OilQuick's Code of Conduct to all employees and subsidiaries.
Performed 100% supplier assessments of category A and B suppliers.
100% of employees have read the Policy against giving and taking bribes.

Long-term Goals:

OilQuick to be a premium product in fully automatic fasteners and for our business model to be fully circular.

Medium-term Goals:

Short-term Goals:

Volatile global economy with high inflation, high interest rates, and uncertainty about the future.
Continued unstable geopolitical situation resulting in a slowdown in demand.
Current recession.
Increasing regulation in the field of sustainability focusing on the value chain.
Transition and integration of sustainability internally and externally.
Need for transparency and ensuring qualitative data.
Risk of workplace accidents.
Risk of not retaining or gaining the skills OilQuick needs.
Competition for qualified labor.
Risk of discrimination in the organization.
Climate-related events and extreme weather posing a risk of supply chain disruption.
Upstream and downstream transport representing a major risk to environmental impact.

Focusing on strengthening competitiveness and staying true to long-term strategies.
Significant deals and partnerships, both upstream and downstream.
Prioritizing integrating sustainability issues into the business.
Implementation of new versions of operational and business systems.
Working on long-term strategies and ensuring secure partnerships.
Proactive risk management.
Systematic work environment program with preventive measures and annual risk reviews.
Addressing all incidents.
Offering hybrid work to attract expertise.
Actively promoting a culture of equality and diversity.
Integrating climate considerations into decision-making processes.
Regulated contracts with carriers addressing sustainability issues.
Strategy of localizing the supplier base.

Supplier Audits: 100% of top 20 suppliers evaluated in 2023.

Careful selection and regular evaluation of suppliers based on product, partnership, quality, and service levels.
Efforts to shift carbon-heavy segments from Asia to Europe.

Frameworks Used: UN Global Compact

Certifications: ISO 9001, Great Place to Work®