Nederman Holding AB (publ)

Climate Impact & Sustainability Data (2020, 2024-01 to 2024-03)

Reporting Period: 2020

Environmental Metrics

Total Carbon Emissions:5205 tCO2e/year (Scope 1+2)

Scope 1 Emissions:1908 tCO2e/year

Scope 2 Emissions:24297 tCO2e/year

Scope 3 Emissions:38907 tCO2e/year (CO2 from goods transportation only)

Renewable Energy Share:Not disclosed

Total Energy Consumption:13794 MWh/year

Water Consumption:Not disclosed

Waste Generated:Not disclosed

Carbon Intensity:Not disclosed

ESG Focus Areas

Climate change
Energy efficiency
Resource efficiency
Recycling
Waste reduction
Health and safety
Employee well-being
Diversity and inclusion
Supply chain responsibility
Anti-corruption
Transparency

Environmental Achievements

Continued positive trend in reducing climate impact (Scope 1+2 emissions)
93.3% waste recycling rate
10% accumulated decrease in electricity consumption (2014-2020)
Approximately 9% accumulated decrease in total energy consumption (2014-2020)
Luwa India generated solar energy for 1,000 Indian homes, reducing CO2 emissions by 198 tons

Social Achievements

Employee Engagement Index of 83 (higher than benchmark)
9 workplace accidents (none fatal or resulting in lifelong injuries)
Low sickness absence rate (despite COVID-19 impact)
Updated Health and Safety and Diversity and Inclusion policies
Targeted diversity training for North American employees

Governance Achievements

Joined the UN Global Compact
Strengthened governance model with additional boards in priority areas
Updated Code of Conduct and Code of Conduct for Suppliers
89% of suppliers signed the Code of Conduct for Suppliers
39 supplier audits conducted

Climate Goals & Targets

Long-term Goals:

Not disclosed

Medium-term Goals:

Not disclosed

Short-term Goals:

Halve direct climate impact (Scope 1+2) by 2023
100% of stationary Nederman filters sold to contain an IoT solution by 2023
100% of materials and goods from suppliers who signed the Code of Conduct by 2023
100% recyclability of launched products by 2023

Environmental Challenges

COVID-19 pandemic impacting demand, particularly in EMEA and Americas
Supply chain disruptions
Lockdowns and travel restrictions delaying projects
Reduced sales and temporary cost increases
Supplier challenges impacting Code of Conduct adherence and quality goals

Mitigation Strategies

Early measures to adapt the organization and secure access to necessary components and alternative supply chains
Restructuring program with annual cost savings of approximately SEK 100m
Recommended hygiene procedures implemented
Lay-offs, shift work, and shorter working hours implemented
Component inventory accumulation and identification of new potential suppliers
Expanded credit facilities
Updated financing agreements creating flexibility

Supply Chain Management

Supplier Audits: 39/year

Responsible Procurement

Code of Conduct for Suppliers

Climate-Related Risks & Opportunities

Physical Risks

Extreme weather conditions, natural disasters

Transition Risks

Stricter environmental legislation, higher charges and taxes on climate impact

Opportunities

Development of energy-efficient products and solutions

Reporting Standards

Frameworks Used: GRI, UN Global Compact, Science Based Targets initiative (SBT)

Certifications: ISO 14001, ISO 9001

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

Not disclosed

UN Agenda 2030 for sustainable development used as framework for initiatives

Sustainable Products & Innovation

SmartFilter family
LCP/LBP filter
Digital measurement instruments
Insight IoT platform

Awards & Recognition

Not disclosed

Reporting Period: 2024-01 to 2024-03