BE Group AB (publ)
Climate Impact & Sustainability Data (2023)
Reporting Period: 2023
Environmental Metrics
Total Carbon Emissions:2900 tCO2e/year (excluding transport)
Renewable Energy Share:61% of total energy use
Total Energy Consumption:89 kWh/ton sold
Carbon Intensity:11.2 kg CO2e/ton sold (excluding transport)
ESG Focus Areas
- Circular business
- Climate initiatives
- Social and ethic responsibility
Environmental Achievements
- Shifted operations to water-based paint, resulting in reduced emissions of volatile organic compounds
- Expanded the use of LED lighting and upgraded machinery, improving energy efficiency
- Modernization of the forklift fleet began, switching to electric forklifts to reduce emissions
- 83% of purchases were made from ISO 14001 certified suppliers
Social Achievements
- Reduced workplace accidents leading to absence by nearly 75 percent
- Achieved ISO 45001 certification in Sweden
- 91% of employees reported that their manager always puts safety first
- Donated money to the University of Turku to establish a professorship for the circular economy
Governance Achievements
- Established a trade sanctions policy
- Implemented a savings and efficiency enhancement program expected to provide annual savings of approximately SEK 50M
- Zero tolerance to unethical business practices with an Anti Corruption Policy and a Code of Conduct
Climate Goals & Targets
Long-term Goals:
- Offer a complete range of fossil-free steel
Medium-term Goals:
- Not disclosed
Short-term Goals:
- Not disclosed
Environmental Challenges
- Decreased demand, particularly in the construction sector due to weak economic conditions, high interest rates, inflation and more expensive inputs
- Falling steel prices and pressured gross margins
- Weak demand mainly within the construction segment
- Declining volume in the Finnish operations
Mitigation Strategies
- Implemented measures to improve efficiency
- Savings and efficiency enhancement program
- Strengthening cash flow
- Focus on exceeding customer expectations
Supply Chain Management
Responsible Procurement
- Code of Conduct for suppliers
- Actively seeking out suppliers with explicit sustainability efforts
Climate-Related Risks & Opportunities
Transition Risks
- Carbon Border Adjustment Mechanism (CBAM)
Opportunities
- Development of energy-efficient products
- Increased interest from customers in materials with a lower carbon footprint
Reporting Standards
Frameworks Used: UN Global Compact
Certifications: ISO 14001, ISO 45001 (Sweden)
UN Sustainable Development Goals
- Not disclosed
Sustainable Products & Innovation
- Chalibria product line from Beltrame
- ArcelorMittal's low carbon XCarb hot-rolled steel
- Aluminum tread plate from AMAG Austria Metall AG