Climate Change Data

Environmental Metrics

ESG Focus Areas

• Counteracting the risk of occupational injuries (work environment)
• Continuing to foster good business ethics
• Ensuring profitable growth
• Promoting efficient and secure methods (quality)
• Climate and energy

Environmental Achievements

• Launched a climate agenda with the objective of climate-neutral operations by 2040 and halving direct emissions by 2030 (from 2019 baseline).
• Reduced carbon dioxide emissions from proprietary operations (Scopes 1, 2 and partly Scope 3, business travel) to 1,866 kg/FTE from 1,632 kg/FTE in 2019.
• 69.6% of total energy consumption (electricity and heating) was from renewable sources.

Social Achievements

• Launched mandatory web introductions for employees on communications, insider management, bribery and corruption, competition-limiting activities, IT regulations, and cybersecurity.
• Reduced accident frequency (IF) to 9.1 from 7.6 in 2019.
• Reduced voluntary employee turnover to 8.7% from 14.1% in 2019.

Governance Achievements

• Implemented a new climate agenda.
• Maintained a strong focus on profitability and cash flow.

Climate Goals & Targets

Environmental Challenges

• Increased uncertainty and slowdown in some markets due to the COVID-19 pandemic.
• Increased short-term employee absence due to COVID-19.
• Increased driving costs due to reduced carpooling and public transport use.
• Limited access to standardized environmental product declarations for accurate climate impact reporting of Scope 3 emissions.

Mitigation Strategies

• Implemented measures to minimize COVID-19 contagion in workplaces (information campaigns, remote work, increased cleaning).
• Active staffing planning to manage increased short-term absence.
• Government compensation for sick pay.
• Appointed a pan-Nordic working group to monitor developments and drive climate reporting of purchased materials.

Supply Chain Management

Supplier Audits: 17 major supplier follow-ups

Responsible Procurement

• Supplier assessments before framework agreements, monitoring supplier cooperation, Code of Conduct for Suppliers.

Climate-Related Risks & Opportunities

Opportunities

• Increased demand for energy efficiency projects, water efficiency projects, installation of charging posts and solar cells, investments in biogas plants, cogeneration plants, hydropower plants, wind farms.

Reporting Standards

Frameworks Used: GRI G4

Certifications: ISO 9001, ISO 14001, ISO 45001

Third-party Assurance: KPMG AB

UN Sustainable Development Goals

• Goal 6
• Goal 7
• Goal 8
• Goal 11
• Goal 12
• Goal 13

Contributions through smart and sustainable installations, energy efficiency, ethical business practices, sustainable cities, responsible purchasing, and climate goals.

Sustainable Products & Innovation

• Energy-efficient and sustainable installation solutions, property automation.

Environmental Metrics

ESG Focus Areas

• Climate change
• Own labour force
• Health and safety (own labour force)
• Employees in the value chain
• Business ethics

Environmental Achievements

• Increased the proportion of electric and electric-hybrid vehicles to 24 percent (from 15 percent)
• Decreased the carbon footprint per employee (Scopes 1 and 2 and business travel) to 1.81 tonnes (from 1.94) of CO2e/FTE
• Launched a new solar cell concept, Assemblin Solar

Social Achievements

• Decreased sick leave to 5.2 percent (from 6.6 percent)
• Decreased voluntary personnel turnover from 13.8 to 9.5 percent
• Adopted a Group-wide diversity and equality plan

Governance Achievements

• Improved procedures for non-financial reporting
• Conducted an updated dual materiality analysis
• Initiated the process of expanding sustainability work to include the entire value chain

Climate Goals & Targets

Environmental Challenges

• Weak economic situation
• Price increases
• Rising interest rates
• Skills shortages
• Challenges related to acquisitions
• Supply chain disruptions
• Cyber/IT security threats

Mitigation Strategies

• Strong order intake
• Strong financial position
• Active safety work and training
• Clear acquisition and decision-making process
• Feasibility study regarding risks in the supply chain
• Measures to strengthen IT security
• Developing a new due diligence process

Supply Chain Management

Supplier Audits: 104 supplier reviews/year

Responsible Procurement

• Code of Conduct for Suppliers
• Supplier assessments
• Steering purchasing towards a particular product range

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Increased demand for smart, sustainable and energy-efficient installation solutions

Reporting Standards

Frameworks Used: GRI, CSRD/ESRS, TCFD

Certifications: ISO 9001, ISO 14001, ISO 45001

Third-party Assurance: KPMG

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Assemblin Solar
• Assemblin Charge

Awards & Recognition

• Not disclosed