Climate Change Data

New Wave Group AB

Climate Impact & Sustainability Data (2021)

Reporting Period: 2021

Environmental Metrics

Total Energy Consumption:29,104 MWh/year (Swedish companies)

ESG Focus Areas

  • Decent Work and Economic Growth
  • Responsible Production and Consumption
  • Climate Action
  • Partnerships for the Goals

Environmental Achievements

  • Continued good development for the eco-labeled brand Cottover.
  • Updated Restricted Substance List for chemicals in products and production (August 2021).
  • Texet Benelux launched Printer Prime and made extensive emission calculations at the product level for the collection.
  • Cutter & Buck eliminated 99% of all air freight from the supply chain.

Social Achievements

  • New Wave Group signed the International Accord for Health and Safety in the Garment and Textile Industry.
  • Toppoint received the Platinum EcoVadis Medal.
  • Increased percentage of third-party audited factories in risk countries (83%).
  • 98% of purchasing volume through purchasing offices are from third-party audited factories.

Governance Achievements

  • Established a Sustainability Board in 2015.
  • Implemented a whistleblowing procedure.

Climate Goals & Targets

Long-term Goals:
  • Zero vision for air freight.
Medium-term Goals:
  • All new Craft products will be partly or wholly made of more sustainable materials by 2023.
  • All Craft garments made from 100% sustainable materials and/or production methods by 2027.
  • All Craft products made from fossil-free materials by 2030.
Short-term Goals:
  • Increase textile products with sustainability attributes to 90% by 2025.
  • Increase hardline products with sustainability attributes to 50% by 2025.
  • Have all factories in risk countries undergo a valid third-party audit with good grades by 2025.

Environmental Challenges

  • Challenges in accessing qualitative data in a global supply chain.
  • Uncertainty about calculation methods for greenhouse gas emissions.
  • Challenges with delayed and rescheduled audits due to the corona pandemic.
  • Difficulties in visiting and following up on suppliers due to the corona pandemic.
Mitigation Strategies
  • Working with evaluating tools and methods to map and collect data for the Group’s total emissions.
  • Several New Wave Group companies began making emission calculations at the product level.
  • Communicated guidelines with generally recognized measures to factories to ensure a safe working environment and prevent the spread of COVID-19.
  • Following amfori BSCI guidelines on responsible purchasing practices during the corona pandemic.

Supply Chain Management

Supplier Audits: 83% of total number of factories in risk countries in 2021

Responsible Procurement
  • amfori BSCI Code of Conduct
  • Direct purchasing from suppliers without intermediaries
  • On-site sourcing offices
  • Quality controllers visiting factories
  • In-house quality labs

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI Standards

Third-party Assurance: Ernst & Young AB

UN Sustainable Development Goals

  • Goal 8
  • Goal 12
  • Goal 13
  • Goal 17

The report details how New Wave Group's initiatives contribute to these goals through responsible production, sustainable consumption, climate action, and partnerships.

Sustainable Products & Innovation

  • Cottover garments (organic cotton, recycled polyester)
  • Clique garments (organic cotton, recycled polyester)
  • Craft garments (recycled and reused fibers)
  • Printer Prime collection (organic cotton, recycled polyester)
  • Orrefors and Kosta Boda products (eco-crystal glass, recycled glass)

Awards & Recognition

  • Platinum Award for Printer Prime Softshell Jacket (BPMA)