LUMENE Holding Oy
Climate Impact & Sustainability Data (2022, 2023)
Reporting Period: 2022
Environmental Metrics
Total Carbon Emissions:10209 tCO2e/year
Scope 1 Emissions:25 tCO2e/year
Scope 2 Emissions:186 tCO2e/year
Scope 3 Emissions:9999 tCO2e/year
Renewable Energy Share:99%
Total Energy Consumption:6200 MWh/year
Water Consumption:30000 m3/year
Waste Generated:283 tons/year
Carbon Intensity:0.000015 tCO2e/manufactured product (Scope 1, 2, and 3 in 2022)
ESG Focus Areas
- Circular Beauty
- Climate Action
- Social Responsibility
Environmental Achievements
- 88% reduction of Scopes 1 & 2 emissions from 2018 to 2022
- 90% of all plastics used are made of widely recyclable plastic types
- 98% of LUMENE´s folding boxes were FSC® certified
- Significant reduction in energy intensity (-23%) from 2021 to 2022 (Scopes 1 & 2)
Social Achievements
- Launched a cross-functional DE&I Ambassador group to promote diversity, equity, and inclusion (DE&I)
- Ranked number one in social innovation by the Finnish Innovation Index
- Donated €100,000 to UNICEF to support Ukrainian children and families
- Donated 54 used laptops to support remote studies of young people in Finland
Governance Achievements
- Conducted a corporate governance project to restructure and clarify processes, responsibilities, and policies
- Published a separate governance statement for the first time
- Updated the materiality assessment process to be more regular and structured
Climate Goals & Targets
Long-term Goals:
- Become a net-zero company by 2050
Medium-term Goals:
- Reduce absolute Scope 1, 2, and 3 greenhouse gas emissions by 42% by 2030 (from 2021 baseline)
Short-term Goals:
- Reduce water consumption
- Reduce plastic packaging by 20% by 2025 (compared to 2018)
- Achieve 100% recyclable strategical skincare packaging by 2025
- Achieve 80% recycled plastic or renewable raw materials in plastic packaging by 2025
- Reach on average 95% naturally derived skincare assortment by 2025
Environmental Challenges
- Increased Scope 3 emissions (2%) due to sales growth and purchased services
- Challenges in achieving similar skin feel with mineral UV filters compared to chemical filters
- Challenges in finding pure recycled plastic materials for packaging, especially PP plastic for closures
Mitigation Strategies
- Introduced a new third-party tool for emission calculation to improve accuracy
- Launched several products with mineral UV filters (zinc oxide and titanium dioxide)
- Introduced chemically recycled plastics in product packaging, which has the purity level of virgin plastics
Supply Chain Management
Supplier Audits: Major suppliers are audited at the supplier’s premises; SMETA audit completed in 2021.
Responsible Procurement
- LUMENE Group Supplier Code of Conduct
- Supplier Self-Assessment Questionnaire
- Monitoring supplier performance with scorecards and audits
- Minimizing sourcing from high-risk countries
Climate-Related Risks & Opportunities
Physical Risks
- Climate change effects on forest ecosystems and availability of natural raw materials
Transition Risks
- Regulatory changes, market shifts
Opportunities
- Development of energy-efficient products
- Use of side-stream materials to reduce emissions
Reporting Standards
Frameworks Used: GRI Standards, Core Option
Certifications: ISO 9001, ISO 14001, ISO 22716 (cGMP), FSC®
Third-party Assurance: Not disclosed
UN Sustainable Development Goals
- Not disclosed
LUMENE Group supports all 17 SDGs.
Sustainable Products & Innovation
- Nordic-C [Valo] Glow Boost Essence (96% naturally-derived ingredients, 70% upcycled)
- Nordic Hydra range moisturisers with refill option
- Powder compact made of renewed materials
- Invisible Illumination Beauty Serum (without cyclic silicones)
Awards & Recognition
- Leading beauty brand in Sustainable Brand Index 2022 in Finland
- 1st for Social Innovation Index in Hanken Finnish Innovation Index 2022
- Runner-up for compact powder packaging in Sustainable Beauty Awards 2022
Reporting Period: 2023
Environmental Metrics
Total Carbon Emissions:10708 tCO2e/year
Scope 1 Emissions:18 tCO2e/year
Scope 2 Emissions:681 tCO2e/year
Scope 3 Emissions:10009 tCO2e/year
Renewable Energy Share:100%
Total Energy Consumption:5800 MWh/year
Water Consumption:26000 m3/year
Waste Generated:260 tons/year
Carbon Intensity:1.37 GJ/1000 pcs in 2023
ESG Focus Areas
- Circularity
- Climate Action
- Social Responsibility
Environmental Achievements
- Reduced direct emissions (Scope 1 and 2) significantly since 2018 by moving to renewable energy in the factory.
- Achieved a material circularity percentage of 55%, nearly eight times the global average.
- Launched a bio-based jar made with renewable sidestreams from the Nordic forest industry.
Social Achievements
- Ranked No. 1 in social innovation according to the Finnish Innovation Index (FII).
- Developed an action plan focused on increasing DE&I awareness through education and strengthening inclusion.
- Achieved below-average sick leave rate (12.2 days per person) in the industrial sector.
Governance Achievements
- Formalized corporate governance structure and established an internal cross-functional sustainability core team.
- 100% of LUMENE Group Board of Directors committed to the Code of Conduct.
- No significant cases of non-compliance with laws or regulations resulting in sanctions or fines.
Climate Goals & Targets
Long-term Goals:
- Become a net zero company by 2050.
Medium-term Goals:
- Reduce CO2 emissions (Scope 1, 2, 3) by 42% by 2030.
- Achieve 66% material circularity by 2028.
- Achieve eNPS of 60 by 2030.
Short-term Goals:
- Reduce plastic in LUMENE packaging by 20% by 2025 (compared to 2018).
- Make strategical skincare packaging 100% recyclable by 2025.
- Reach on average 95% naturally derived skincare assortment by 2025.
Environmental Challenges
- Scope 3 emissions representing 93% of total emissions.
- Challenges in replacing palm kernel oil derivatives due to its unique composition.
- Challenges in finding vegan alternatives for beeswax and lanolin in some products.
Mitigation Strategies
- Committed to Science Based Targets initiative (SBTi) to reduce GHG emissions by 42% by 2030.
- Transitioned a significant portion of air freight to sea freight for the Chinese market.
- Continuously innovating and researching alternatives for materials with negative environmental impacts.
Supply Chain Management
Supplier Audits: 42% of suppliers covered with known ESG methods; aiming for 90% coverage by EcoVadis by 2025.
Responsible Procurement
- Lumene Group Partner Code of Conduct
- Sustainable sourcing policy
- EcoVadis supplier rating platform
Climate-Related Risks & Opportunities
Physical Risks
- Not disclosed
Transition Risks
- Not disclosed
Opportunities
- Not disclosed
Reporting Standards
Frameworks Used: GRI Standards, Core Option
Certifications: ISO 9001, ISO 14001, ISO 22716 (cGMP)
Third-party Assurance: KPMG Oy Ab
UN Sustainable Development Goals
- Not disclosed
Not disclosed
Sustainable Products & Innovation
- Nordic Sensitive [Herkkä] skincare range
- Bio-based jar
Awards & Recognition
- 1st for Social Innovation in Hanken Finnish Innovation Index 2023
- 2nd in Finland and 6th in Sweden in Sustainable Brand Index TM 2023, beauty category