Climate Change Data

Environmental Metrics

ESG Focus Areas

• Sustainability
• Environment
• Social
• Governance

Environmental Achievements

• Continuously reduced the environmental footprint of legacy bituminous waterproofing products (using waste from refineries and recycled plastic bottles)
• Introduced Prelasti Green, a 42% recycled EPDM compound

Social Achievements

• Increased number of employees by 83 to a total of 1,116
• Maintained a positive and inspiring working environment
• Supported educational programmes in roof installation and offered trainee positions

Governance Achievements

• Updated profitability and capital structure targets
• Established a Remuneration Committee and an Audit Committee
• Implemented the Group’s Code of Conduct and Whistleblower policy

Climate Goals & Targets

Environmental Challenges

• Profitability challenges in prefabricated roof and facade elements business
• Nynas (main bitumen supplier) filed for company reorganization
• Increased number of accidents (48% increase to 65 from 44)

Mitigation Strategies

• Implemented a comprehensive profit improvement program in prefabricated elements business
• Increased number of bitumen suppliers to secure deliveries
• Continued focused efforts to reduce accidents and integrate newly acquired companies into systematic efforts

Supply Chain Management

Responsible Procurement

• Dual sourcing for key materials (bitumen, polyester, fiberglass, SBS)

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: UN Global Compact

Certifications: ISO 14001 (Finland and Sweden)

UN Sustainable Development Goals

• 5, 8, 11, 12, 13, 16

Operations have a major impact on these goals.

Sustainable Products & Innovation

• Kerabit Nature (using bitumen extracted from Crude Tall-Oil)
• Prelasti Green

Awards & Recognition

• Mataki awarded Supplier of the Year 2019 by XL-BYGG

Environmental Metrics

ESG Focus Areas

• Sustainability
• Environmental
• Social
• Governance

Environmental Achievements

• Reduced CO2 emissions by 26.7% (4,564 tonnes from 6,237 tonnes), despite a 6% increase in net sales.
• Transition from natural gas to biogas in Sweden (reduced CO2 emissions by almost 1,100 tonnes)
• Increased use of recycled materials (recycled polyester from PET bottles in liners).

Social Achievements

• Launched apprenticeship program for school dropouts in Denmark.
• Reduced Lost Work Cases (LWC) by 20% to 52 (from 65), mainly due to reduced accidents in Finland.
• Increased proportion of women on the Board of Directors to 33%.

Governance Achievements

• Implemented a Code of Conduct and Whistleblower policy.
• Established a Code of Conduct for Suppliers.
• Completed a cross-border reverse merger between Nordic Waterproofing Holding A/S and Nordic Waterproofing Holding AB.

Climate Goals & Targets

Environmental Challenges

• Market development of the construction market.
• Competition from other waterproofing product manufacturers.
• Unforeseen problems in connection with acquisitions.
• Seasonal variations in building activities.
• Disruptions in production.
• Changes to regulations.
• Raw material costs.
• Political risks.
• Effects of Brexit.
• Environmental and occupational health and safety risks.
• Human rights.

Mitigation Strategies

• Maintaining an exposure to market segments that offer a favourable balance between new construction and renovation.
• Constantly monitoring market development.
• Implementing a structured integration process for acquisitions.
• Maintaining an agile organization to meet weather challenges.
• Routine maintenance and spare production capacities.
• Having all necessary permits and monitoring environmental regulations.
• Continuously monitoring IT systems and carrying out monthly updates.
• Integrating risk minimization and dependencies in the purchasing process.
• Hedging price levels for bitumen.
• Continuously monitoring Brexit developments.
• Implementing preventive action programs and testing emergency contingencies.
• Continuous training of personnel.
• Implementing a Supplier Code of Conduct.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Code of Conduct for Suppliers
• Dual sourcing for key materials

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather

Transition Risks

• Regulatory changes

Opportunities

• Development of energy-efficient products

Reporting Standards

Frameworks Used: UN Global Compact

Certifications: ISO 14001 (Finland and Sweden)

Third-party Assurance: Deloitte AB

UN Sustainable Development Goals

• Goal 7 (Sustainable energy)
• Goal 9 (Sustainable infrastructure)
• Goal 11 (Sustainable cities)
• Goal 12 (Sustainable consumption and production)

The Group's products and services contribute to these goals through sustainable building solutions, energy efficiency, renewable energy sources, and reduced environmental impact.

Sustainable Products & Innovation

• Kerabit Nature (CO2-neutral bitumen)
• Prefabricated wooden roof and facade elements
• Green infrastructure solutions

Awards & Recognition

• Foyer building in Malmö won BREEAM building of the year award.

Environmental Metrics

ESG Focus Areas

• Climate change
• Resource efficiency
• Product development
• Waste reduction
• Employee safety and well-being
• Diversity and inclusion
• Supplier Code of Conduct
• Human rights
• Anti-corruption

Environmental Achievements

• Reduced Scope 1 CO2 emissions by 20%
• Reduced Scope 2 CO2 emissions by 13%
• Reduced Scope 3 upstream CO2 emissions by 19%
• Increased renewable energy share to 81% from 59%
• Reduced landfill waste by 21%
• Increased waste recycling to 62%
• Developed CO2-neutral waterproofing membrane (Kerabit Nature)
• Developed EPDM rubber with lower carbon footprint (SealEco Prelasti green)

Social Achievements

• Increased number of employees by 93 to 1,365
• Implemented diversity policy
• Supported educational programs in roof installation
• Offered trainee positions
• Reduced serious accidents to 0 from 3
• Conducted over 850 hours of training in Denmark
• Established whistleblower policy and function

Governance Achievements

• Board of Directors ultimately responsible for sustainability work
• Sustainability Committee with five Sustainability Officers
• Developed Group-level policies (code of conduct, whistleblower policy, supplier code of conduct, diversity policy, etc.)

Climate Goals & Targets

Environmental Challenges

• Difficulty obtaining product-specific environmental declarations (EPDs) and LCAs from suppliers
• Challenges in recycling fossil-based materials (bitumen, EPDM rubber)
• High price of biodiesel hindering fuel switching
• Historically male-dominated roofing industry

Mitigation Strategies

• Focusing on 50 key suppliers in 2023 to improve sustainability data
• Developing and evaluating different recycling methods
• Engaging with suppliers on innovation, logistics, and carbon reduction
• Implementing diversity policy and recruiting initiatives

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Supplier Code of Conduct based on UN Global Compact principles

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Development of energy-efficient products

Reporting Standards

Frameworks Used: Greenhouse Gas Protocol (GHGP), EU Taxonomy

Certifications: ISO 14001 (Finland and Sweden)

Third-party Assurance: Deloitte AB (note taken of the report)

UN Sustainable Development Goals

• Goal 4 (Quality education)
• Goal 5 (Gender equality)
• Goal 9 (Industry, innovation, and infrastructure)
• Goal 11 (Sustainable cities and communities)
• Goal 12 (Responsible consumption and production)
• Goal 13 (Climate action)

The report details how Nordic Waterproofing's business and initiatives contribute to these goals.

Sustainable Products & Innovation

• Kerabit Nature (CO2-neutral waterproofing membrane)
• SealEco Prelasti green (EPDM rubber with lower carbon footprint)
• Prefabricated wooden roof and wall elements
• Green infrastructure solutions

Awards & Recognition

• Not disclosed