Climate Change Data

Environmental Metrics

ESG Focus Areas

• Carbon footprint reduction
• Use of recycled and bio-based raw materials
• Renewable energy
• Carbon neutrality

Environmental Achievements

• Switched Finnish production site to renewable electricity in 2020, reducing carbon footprint by more than 600,000 kg CO2e.
• Completed the switch to renewable energy in all factories (Finnish and Swedish).

Social Achievements

• Not disclosed

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• High raw material prices
• Delayed effects of implementing price increases or cost savings
• COVID-19 pandemic causing uncertainty and market disruption

Mitigation Strategies

• Taken measures to reduce the impact of high raw material prices
• Committed to continuing to take targeted action depending on raw material price development
• Adapted ways of working due to COVID-19 restrictions

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Sourcing more and more raw materials from bio-based and recycled materials

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: UN Sustainable Development Goals

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Goal 7 (Affordable and Clean Energy)
• Goal 9 (Industry, Innovation and Infrastructure)
• Goal 12 (Responsible Consumption and Production)
• Goal 8 (Decent Work and Economic Growth)

Orthex's responsible choices are based on these UN SDGs.

Sustainable Products & Innovation

• SmartStore Collect sorting solution
• Buckets made from old fishing nets

Awards & Recognition

• Red Dot award for SmartStore Collect

Environmental Metrics

ESG Focus Areas

• Climate change
• Diversity
• Circular Economy

Environmental Achievements

• Gnosjö factory granted ISCC PLUS certificate
• Increased share of renewable and recycled materials to 15.8% (2022: 13.6%)
• Reached the highest Leadership level with a score A- in Climate Disclosure Project’s (CDP) global climate reporting

Social Achievements

• Ranked 6th among Nasdaq Helsinki small-cap companies in the Nordic Business Diversity Index
• Improved LTIF rate of employees to 6 (2022: 9)
• Customer satisfaction rate rose to 4.08 (2021: 3.93)

Governance Achievements

• Clarified operational management towards increasing company-wide responsibilities
• Published Annual and Sustainability Report 2023

Climate Goals & Targets

Environmental Challenges

• Fluctuations in raw material prices and supply disruptions
• Shortage of renewable and recycled materials
• Cost inflation, interest rate levels, and geopolitical tensions
• Potential product quality defects
• Significant disruptions in production facilities
• Transaction and translation risk

Mitigation Strategies

• Tying prices to the plastic polymer supply chain
• Hedged part of interest-bearing liabilities against rising interest rates with interest derivatives
• Some electricity contracts purchased at fixed prices
• Several quality control measures in place
• Operations in several countries
• Hedged against currency risk for certain large purchases

Supply Chain Management

Responsible Procurement

• Prerequisite for all new product investments is that the material should be either recycled or renewable

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: CDP

Certifications: ISCC PLUS

Sustainable Products & Innovation

• SmartStore Collect Biowaste container

Awards & Recognition

• Winner at the German Design Awards 2024 for excellent product design, in the category “Eco Design”