Climate Change Data

Environmental Metrics

ESG Focus Areas

• Create more customer value
• Collaboration and well-being at work
• Contribute to a better and sustainable world
• Increase revenues and profits

Environmental Achievements

• Updated our policy for company vehicles and staff cars in 2022 to a higher permitted maximum price that allows more people to choose electric and plug-in hybrid vehicles. Reduced the proportion of company vehicles running on fossil fuels, thereby reducing our overall CO2 emissions. All company cars must have a maximum CO2 emission of 180 grams/km. The total CO2 footprint for travel by the company car fleet is estimated at 134 tonnes.
• Prevas' employees traveled almost 18,000 km by train in 2022, resulting in a total CO2 emission of only 0.07 kg - this can be compared to almost 1,700 kg if the corresponding trips had been made by air.

Social Achievements

• Clarified our Employer Value Proposition (EVP) to help us attract new employees. Launched a new career site on the web.
• Developed a new "Brand & Culture" e-learning program that will be part of our onboarding process.
• Employee Net Promoter Score (eNPS) stands at 37, a significant increase from last year's result of 25.
• Proportion of women at Prevas increased to 19.8% in 2022.

Governance Achievements

• Introduced a whistleblowing function in conjunction with new legislation from July 2022.
• No incidents related to the Code of Conduct have been reported during 2022.
• Three reports were made through the whistleblowing function in 2022. All of them have been processed.

Climate Goals & Targets

Environmental Challenges

• Inflation, problems with transport, raw materials, materials, semiconductor components and concerns about the economy are creating overall uncertainty about the future, especially for our customers.
• Continued competitive labor market, where it is very important to work actively with employer branding.

Mitigation Strategies

• Prevas’ strategy to address them is to be as adaptable and dynamic a company as possible.
• Actively work with long-term customer relationships.
• Maintain a presence in several different markets and segments, thus reducing the specific risk.

Supply Chain Management

Supplier Audits: Ongoing evaluation

Responsible Procurement

• Code of Conduct
• Supplier sustainability requirements

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: GRI Standards, UN Global Goals, UN Global Compact

Certifications: ISO 9001:2015, ISO 13485:2016 (Sundbyberg, Uppsala, Copenhagen offices)

Third-party Assurance: Third-party review

UN Sustainable Development Goals

• Not disclosed

Many assignments are closely linked to the Sustainable Development Goals (SDGs).

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Climate change (among customers)
• Workforce (own)
• Corporate responsibility and social sustainability impacts on consumers and end-users

Environmental Achievements

• Contributed to reducing greenhouse gas emissions through customer assignments (estimated impact of ongoing projects: reduction of approximately 150,000 tons of CO2)
• Implemented advanced furnace control (FOCS) in 20 furnaces at Uddeholm, reducing energy consumption (and CO2 emissions) by 5-20%

Social Achievements

• Increased the proportion of women at Prevas from 19.8% to 20.5%
• Employee Net Promoter Score (eNPS) of 29
• Monthly donations of SEK 20,000 to various charities
• Average number of training hours per employee: 33

Governance Achievements

• No incidents related to the Code of Conduct reported during 2023
• Six employees and two teams recognized at Prevas Award 2023
• Implemented a whistleblowing function with 6 reports in 2023, none considered serious cases of maladministration

Climate Goals & Targets

Environmental Challenges

• Retaining and attracting the right expertise in a competitive labor market
• Changing market due to economy, technological changes, structural shifts, the EU Green Deal, and other external factors
• Ever-increasing requirements for information security

Mitigation Strategies

• Actively working to ensure Prevas is an attractive employer
• Focusing on long-term customer relationships and diversification across markets and segments
• Actively working with systematic information security

Supply Chain Management

Responsible Procurement

• Code of Conduct applies to all business partners
• Suppliers selected from a list of recommended suppliers; detailed criteria used for non-listed suppliers

Climate-Related Risks & Opportunities

Opportunities

• Providing technical expertise to help customers achieve climate neutrality

Reporting Standards

Frameworks Used: GRI Standards

Certifications: ISO 9001:2015, ISO 13485:2016 (Sundbyberg, Uppsala, Copenhagen offices)

Third-party Assurance: Ernst & Young AB

Sustainable Products & Innovation

• FOCS furnace control system

Awards & Recognition

• Red Dot Design Award (Myra, a Prevas subsidiary)

Environmental Metrics

ESG Focus Areas

• Climate-neutral world
• Attractive employer
• Responsible business partner
• Increased customer value
• Team and individual development
• Increased revenues and profits

Environmental Achievements

• Customer project with potential to reduce CO2 emissions by approximately 150,000 tonnes.
• Working to reduce internal carbon dioxide emissions.

Social Achievements

• Acquisition of Enmac Oy, adding approximately 200 employees.
• Customer satisfaction of 8.6 (scale from 1 to 10).

Governance Achievements

• Working to implement working methods to meet the requirements of the EU's new CSRD directive (a year earlier than required).

Climate Goals & Targets

Environmental Challenges

• Continued challenging market with low demand in certain customer segments.
• Inflation, transport problems, raw material and semiconductor component issues creating uncertainty.
• Competitive labor market.

Mitigation Strategies

• Focusing resources on growth areas.
• Strengthening collaboration between units to increase customer value and ensure profitability.
• Adapting recruitment to demand and maintaining good cost control.
• Active employer branding to retain and attract employees.

Supply Chain Management

Climate-Related Risks & Opportunities

Opportunities

• Great business opportunities in the industry's transition.