Climate Change Data

Norse Impact AB (publ)

Climate Impact & Sustainability Data (2021, 2022)

Reporting Period: 2021

Environmental Metrics

ESG Focus Areas

  • Harm Reduction

Social Achievements

  • Helped thousands of adults find better alternatives to tobacco smoking.

Climate Goals & Targets

Environmental Challenges

  • Extraordinary costs associated with acquisitions and the reverse takeover of MaxSnus AS (10.6 MSEK in total).
Mitigation Strategies
  • Focused work to optimize different operations. Effects will be more visible in 2022.
  • Development of new internal control systems for inventory and goods flow and financial reporting.

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Period: 2022

Environmental Metrics

Total Carbon Emissions:Not disclosed
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:Not disclosed
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Harm reduction
  • Employee well-being
  • Sustainable supply chain

Environmental Achievements

  • Entered into a recycling agreement with Bower for disposable vapes.

Social Achievements

  • Significant investments in building a solid organization to meet the increasing pressure from the B2B and end-user market, improving customer service and operational efficiency.
  • Insider purchases of shares by the board and employees, demonstrating confidence in the company's future.

Governance Achievements

  • Not disclosed

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Not disclosed
Short-term Goals:
  • Not disclosed

Environmental Challenges

  • Significant weakening of the Norwegian and Swedish currencies against USD and GBP.
  • Significantly higher freight costs than budgeted (+5.4%).
  • Negative impact of the global macroeconomic situation on costs.
Mitigation Strategies
  • Negotiated and entered into several important distribution agreements to secure access to the market's best products (Charlie's Chalk Dust, ACME (IVG), and Dinner Lady).
  • Focus shifted to core vape business, resulting in increased gross margin from 21.7% in 2021 to 49.9% in 2022.
  • Entered into a 3-year lease agreement transferring the operation of Norse Snus AS to madHat AB.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Not disclosed

Climate-Related Risks & Opportunities

Physical Risks
  • Not disclosed
Transition Risks
  • Not disclosed
Opportunities
  • Not disclosed

Reporting Standards

Frameworks Used: Null

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • Not disclosed

Awards & Recognition

  • Not disclosed