Climate Change Data

Lagercrantz Group AB (publ)

Climate Impact & Sustainability Data (2023/24)

Reporting Period: 2023/24

Environmental Metrics

Total Carbon Emissions:17,218 tCO2e/year
Scope 1 Emissions:2,049 tCO2e/year
Scope 2 Emissions:2,463 tCO2e/year
Scope 3 Emissions:12,706 tCO2e/year
Renewable Energy Share:75%
Total Energy Consumption:34,476 MWh/year

ESG Focus Areas

  • Sustainable Business
  • Reduced Climate and Environmental Impact
  • Motivated Employees and Safe Workplaces
  • Value Chain with High Standard of Business Ethics

Environmental Achievements

  • Reduced CO2e emissions by an unspecified amount (7.5% reduction at Elkapsling AB)
  • Installed solar cells at CWL's Polish facility
  • Developed environmentally friendly washing systems for heavy-duty vehicles significantly reducing water consumption (Westmatic)
  • 46% of subsidiaries had ISO 14001 environmental certification
  • Reduced energy consumption by 3,515 MWh in five subsidiaries with highest energy consumption

Social Achievements

  • Developed AS Powerbeam, a platform reducing firefighter workload and increasing gender diversity (Supply Plus)
  • Decreased number of reported occupational accidents to 54 from 56
  • Reduced absence due to illness to 4.4% from 4.5%
  • Employee turnover reduced to 11% from 12%
  • Increased proportion of women in subsidiaries’ management teams to 22% from 19%
  • 9,500 training hours recorded in the Group

Governance Achievements

  • 96% of employees informed about the Code of Conduct
  • Two cases reported via Lagercrantz’s whistleblower service, handled according to established procedures

Climate Goals & Targets

Long-term Goals:
  • All Lagercrantz subsidiaries shall contribute to a sustainable development by 2030
Medium-term Goals:
  • 50% reduced carbon intensity (CO2e/MSEK) by 2030
  • No serious occupational accidents by 2030
  • 35% women in senior positions by 2030
  • 100% compliance by Lagercrantz’s employees with Code of Conduct by 2030
  • 50% of the purchasing volume evaluated based on the Supplier Code of Conduct by 2030
Short-term Goals:
  • Continued work in subsidiaries to reduce energy consumption and negative climate impact
  • Skills improvement measures in subsidiaries and at Group level
  • Strengthening of sustainability resources
  • Sustainability reporting in each subsidiary with increased detail

Environmental Challenges

  • Climate change increasing need for automated monitoring (Geonor)
  • Reducing greenhouse gas emissions across the group
  • Improving resource and production efficiency
  • Material impact in category 1 in Scope 3 “Purchased goods and services”
  • Imbalanced gender distribution among employees and senior management
Mitigation Strategies
  • Implementing improvement measures and reducing energy consumption
  • Appointing environmental/sustainability officers in larger subsidiaries
  • Working with suppliers and customers to reduce negative climate impacts
  • Strengthening resources in the sustainability area at Group level
  • Developing a climate manual to support subsidiaries
  • Actively seeking female candidates during hiring
  • Implementing a principle that when appointments are made to senior positions, there should be at least one female final candidate

Supply Chain Management

Responsible Procurement
  • Lagercrantz’s Code of Conduct
  • Supplier evaluation based on price, quality, delivery capacity, and sustainability risks

Climate-Related Risks & Opportunities

Physical Risks
  • Extreme weather (Geonor)
Opportunities
  • Increased business opportunities from climate transition

Reporting Standards

Frameworks Used: UN Global Compact, GHG Protocol, EU Taxonomy Regulation, CSRD/ESRS

Certifications: ISO 14001

UN Sustainable Development Goals

  • Goal 3: Good Health and Well-being
  • Goal 5: Gender equality
  • Goal 7: Affordable and clean energy
  • Goal 8: Decent work and economic growth
  • Goal 9: Industry, innovation and infrastructure
  • Goal 12: Responsible production and consumption

Lagercrantz contributes to these goals through its operations and the products and services it offers.

Sustainable Products & Innovation

  • Environmentally friendly washing systems (Westmatic)
  • AS Powerbeam (Supply Plus)
  • Products contributing to safer communities (various subsidiaries)
  • Products that create safer workplaces (various subsidiaries)
  • Solutions based on solar cells (various subsidiaries)
  • Cable solutions that help energy companies increase renewable energy share (various subsidiaries)
  • Intelligent and demand-responsive lighting control (various subsidiaries)