Griptel AS
Climate Impact & Sustainability Data (2023)
Reporting Period: 2023
Environmental Metrics
Total Carbon Emissions:145.08 tonnes CO2 (Scope 3)
Scope 1 Emissions:0 tonnes CO2e
Scope 2 Emissions:0.9131 tonnes CO2e
Scope 3 Emissions:145.08 tonnes CO2
Total Energy Consumption:115,685.48 KWh
Waste Generated:24.34 tonnes (75.43% sorting degree)
ESG Focus Areas
- Environment and climate
- Working environment
- Business ethics
Environmental Achievements
- Started carbon accounting in 2023.
- Achieved a bronze sustainability rating from EcoVadis.
- Joined the Science Based Targets initiative (SBTi) committing to reduce Scope 1 and 2 GHG emissions by 42% by 2030 from a 2021 base year.
Social Achievements
- Implemented an Employee Handbook.
- Annual sickness absence decreased by 2% to 8% in 2023.
- Provided 23 physical therapy sessions in 2023.
- Average training hours per employee approximately 5 hours.
Governance Achievements
- Established a Code of Conduct in 2022, updated in August 2023.
- 100% of employees received communication on the Code of Conduct and anti-corruption policies and procedures.
- 0 confirmed incidents of corruption.
Climate Goals & Targets
Long-term Goals:
- Annual sickness absence below 3%.
Medium-term Goals:
- Obtain ISO 14001 certification for SIA Gripsteel.
- Develop SBTi plan.
- Assess ways to further improve employee development across offices.
- Conduct anti-corruption refreshment training for relevant functions.
Short-term Goals:
- Improve carbon accounting to include all offices and more Scope 3 categories.
- Carry out an employee survey.
- Publish the Code of Conduct on Griptel’s website.
- Have employees sign the Code of Conduct.
Environmental Challenges
- Fluctuation of the Norwegian Krone exchange rate led to higher expenses.
- Bankruptcy of Roaming Networks resulted in a loss of NOK 712,000.
- Steel market challenges due to unregulated raw material prices.
- Vulnerable and unstable supply chains and heightened uncertainty.
Mitigation Strategies
- Implemented measures to mitigate currency exchange rate risk.
- Working to improve procurement processes and reduce costs.
- Close cooperation with customers to offset increased steel costs through price increases on products.
- Established own manufacturing facility (Gripsteel) to gain control over value chain, costs and delivery capabilities.
Supply Chain Management
Supplier Audits: Evaluated suppliers representing 2% or more of total purchases in 2023 and 2024.
Responsible Procurement
- All suppliers expected to follow recognised standards regarding ethical business conduct, respect human rights, and provide decent working conditions.
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: Science Based Targets initiative (SBTi)
Certifications: EcoVadis Bronze medal
Awards & Recognition
- EcoVadis Bronze medal