Climate Change Data

Environmental Metrics

ESG Focus Areas

• Sustaining the Planet
• Owning Social Responsibility
• Driving Sustainable Business

Environmental Achievements

• Reduced total emissions by 12.7% (from 6815 tonnes CO2e to 5944 tonnes CO2e)
• Increased share of renewable energy (specific percentage not provided, but shows an upward trend in the graph)
• Developed methods for extracting drilled material in one large piece, simplifying recycling (Kungsörs Mekaniska Verkstad)
• Cipax established a facility to recycle plastic waste, creating a powder for reuse in production

Social Achievements

• Implemented policies and processes to ensure good working environment, health and safety for employees, and compliance with relevant legislation.
• Active diversity work across subsidiaries aiming for inclusive workplaces.
• Focus on health and safety in the workforce, sustainable workplace, and work-life balance.
• Focus on people development and equal opportunities.

Governance Achievements

• Implemented a new Group-wide system for gathering and analyzing sustainability data.
• Appointed a Chief Sustainability Officer.
• Two whistleblowing cases received and managed in 2023, neither involving management.

Climate Goals & Targets

Environmental Challenges

• Increased risk of production disruptions and property-related costs due to extreme weather.
• Increased costs for climate emissions.
• Increased energy costs.
• Uncertainty associated with measuring emissions from materials used in production.

Mitigation Strategies

• Supplier follow-up and differentiated supply chain, good administration of property portfolio.
• Work to reduce direct emissions and focus on reduced climate impact from materials.
• Work on energy efficiency improvements and switch to renewable energy. Measures to exert influence in the supply chain.

Supply Chain Management

Responsible Procurement

• Code of conduct for suppliers; careful selection of business partners; future expansion of guidelines for systematic monitoring and risk assessment.

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather leading to production disruptions and property costs

Transition Risks

• Increased costs for climate emissions; increased energy costs

Opportunities

• Use of recycled and sustainable materials; circular business models

Reporting Standards

Frameworks Used: GHG Protocol

UN Sustainable Development Goals

• Ten of the UN’s Global Goals

The report mentions alignment with ten UN SDGs but doesn't specify which ones.

Sustainable Products & Innovation

• Digitalized labelling for pharmaceuticals (CIM)