KH Group Plc
Climate Impact & Sustainability Data (2022, 2023)
Reporting Period: 2022
Environmental Metrics
Renewable Energy Share:95% (Indoor Group)
Total Energy Consumption:13,586 MWh
ESG Focus Areas
- Environmental responsibility (waste, recycling, energy efficiency)
- Social responsibility (personnel)
- Ethical business practices
Environmental Achievements
- Indoor Group transitioned to using renewable energy for approximately 95% of its electricity consumption.
- KH-Koneet Group focused on transitioning towards electrically powered, low-emission and energy-efficient machinery and solutions.
Social Achievements
- Indoor Group completed change negotiations to improve operational efficiency and flexibility, reducing annual costs by approximately EUR 1 million.
- HTJ was awarded the Future Workplaces 2022 certificate for its corporate culture and employee wellbeing.
Governance Achievements
- Sievi Capital established an overview of the current state of the Group companies’ sustainability efforts and related future plans.
- Sievi Capital developed a sustainability strategy addressing its role as a long-term private equity investor and the operations of target companies.
Climate Goals & Targets
Medium-term Goals:
- Transform into an industrial group built around KH-Koneet Group.
Environmental Challenges
- Rising interest rates and inflation created cost pressures for Sievi Capital and its target companies.
- Declining consumer demand negatively impacted Indoor Group's profitability.
- Difficult market situation, component shortages, and inflation challenged Nordic Rescue Group, leading to the bankruptcy of its subsidiary Vema Lift.
- Uncertainty in the construction industry due to economic outlook, rising costs, and material availability affected HTJ.
Mitigation Strategies
- Indoor Group implemented measures to improve operational efficiency, cut costs, and improve margins; conducted change negotiations.
- KH-Koneet Group carried out cost-cutting measures in Sweden, including consolidating operating locations and streamlining the organizational structure.
- Logistikas adjusted pricing and operational activities to account for inflation.
- Nordic Rescue Group focused on streamlining assembly processes and improving operational efficiency in Saurus and Sala Brand; negotiated with financing provider to adapt the financing agreement.
Supply Chain Management
Climate-Related Risks & Opportunities
Awards & Recognition
- Future Workplaces 2022 (HTJ)