Climate Change Data

Aarstiderne A/S

Climate Impact & Sustainability Data (2023)

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:4,063,036 kg CO2e
Total Energy Consumption:1,300,757 kg CO2e
Waste Generated:97 tons
Carbon Intensity:8.14 kg CO2e per DKK´000 revenue

ESG Focus Areas

  • Environment
  • Social
  • Governance

Environmental Achievements

  • Continued work to optimize packaging process and transport efficiency.
  • Maintained CO2e emissions per DKK´000 at 8.14 and balanced all CO2e emissions using CO2 credits.
  • Increased share of northern European goods from 38% in 2022 to 43% in 2023.
  • Reduced food waste to 0.93% of food ending up as waste for biogas production.

Social Achievements

  • Strengthened bonds with local farmers and suppliers, ensuring fair compensation.
  • Improved work environment across the organization, including training 8 new health and safety representatives and conducting 1770 hours of employee training.
  • Increased revenue from subsidiary Aarstidernes Varme Værksted by 50%.

Governance Achievements

  • 50% of distribution partners certified by Danish Transport and Logistics (DTL) by the end of 2023, with expectation of 100% in 2024.
  • No incidents related to anti-corruption in 2023.

Climate Goals & Targets

Long-term Goals:
  • CO2e balance (already achieved from 2020 onwards)
Medium-term Goals:
  • Not disclosed
Short-term Goals:
  • Further progress on equal gender representation in 2023 and 2024.
  • 100% certification of distribution partners by 2024.

Environmental Challenges

  • Global inflation, geopolitical tensions, lingering effects of the pandemic, intensified competition, and a recalibration of business scale.
  • Increase in energy consumption by 14% due to new and bigger facilities.
Mitigation Strategies
  • Period of consolidation, focusing on core values: sustainability, quality, and community.
  • Optimizing production and distribution facilities to use the right amount of resources.
  • Continued work to reduce emissions and optimize packaging and transport.

Supply Chain Management

Responsible Procurement
  • Code of Conduct for suppliers and distribution partners.
  • Direct contact with growers whenever possible.
  • Certification process for distribution partners.

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: Danish Financial Statement Act’s § 99a

Certifications: B Corp (score of 106.7)

Sustainable Products & Innovation

  • Plant-based alternatives developed by Aarstidernes Varme Værksted.