Climate Change Data

Ratos AB (publ)

Climate Impact & Sustainability Data (2022, 2023, January–September 2024)

Reporting Period: 2022

Environmental Metrics

Total Carbon Emissions:57 tonnes (parent company)
Scope 2 Emissions:5.0 (parent company)
Scope 3 Emissions:47 (parent company)

ESG Focus Areas

  • Transparency and corporate governance
  • Business ethics and anti-corruption
  • Environment and climate impact
  • Employees

Environmental Achievements

  • Speed Group reduced its carbon footprint by 40% compared with the preceding year.
  • Diab reduced its carbon footprint by 46% between 2016 and 2021.
  • HL Display reached the target of 100% renewable energy sources for its factory in Poland.
  • Speed Group installed the Nordics’ largest photovoltaic system on its logistics property in Borås.

Social Achievements

  • Knightec partnered with schools in vulnerable areas to encourage students to pursue the field of technology.
  • Aibel trained Compliance Champions to prevent violations of Aibel’s Code of Conduct.
  • Ratos provided support to selected partners, including Inkludera Invest and the Stockholm School of Economics.

Governance Achievements

  • Aibel is investing in training leaders and key employees to become Compliance Champions.
  • All 16 of Ratos’s companies were analysed for corruption risks.
  • Ratos has a structured approach to managing and addressing relevant risks, using a policy framework including a Code of Conduct, Policy for Sustainability and Responsible Investments, and Environmental Policy.

Climate Goals & Targets

Environmental Challenges

  • Declining demand in parts of the consumer market.
  • Weak demand noted in the wind power industry.
  • High inflation and higher energy and warehousing costs.
  • The invasion of Ukraine impacted earnings.
Mitigation Strategies
  • Cost-savings programme implemented in Plantasjen.
  • Restructuring programme in KvD.
  • Ceased all sales to Russia and Belarus.
  • Divestment of all shares in Dun & Bradstreet.

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI, UN Global Compact

UN Sustainable Development Goals

  • SDG 8
  • SDG 12
  • SDG 13
  • SDG 16
  • SDG 5

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:5194.9 tCO2e
Scope 1 Emissions:5.5 tCO2e
Scope 2 Emissions:38.4 tCO2e
Scope 3 Emissions:5151.1 tCO2e
Total Energy Consumption:1714 MWh (estimated for injection molding)
Waste Generated:<20 tons (total waste volume)

ESG Focus Areas

  • Climate impact
  • Sustainable and responsible operation
  • Employee health and safety

Environmental Achievements

  • Reduced logistics emissions by optimising production footprint and increasing sea freight for internal goods transfers.
  • Relocated main warehouse from Finland to Poland, resulting in shorter material transfers and lower emissions.
  • Reduced raw material usage from 906 tons in 2022 to 669 tons in 2023.

Social Achievements

  • 87% of employees reported being very or quite satisfied with LEDiL as an employer (2023 employee satisfaction survey).
  • Implemented flexible working and hybrid work methods to improve employee wellbeing.
  • Zero work-related injuries in 2023.

Governance Achievements

  • 100% of partners committed to LEDiL's code of conduct.
  • 100% of suppliers subscribed to LEDiL's code of conduct.
  • Established a whistleblowing channel in 2018 for anonymous reporting.

Climate Goals & Targets

Short-term Goals:
  • Reduce employee turnover to <8%
  • Reduce sick leave rate to <1.75%
  • Reduce CO2 emissions (scope 1-3) to <7500 tons

Environmental Challenges

  • Geopolitical and economic challenges impacting sales.
  • Managing the environmental impact of supplier's injection molding factories (energy consumption).
Mitigation Strategies
  • Focus on long-term sustainability planning and setting near-term targets.
  • Optimising logistics chain and product packaging to minimise direct climate impact.
  • Actively testing and studying new materials to find more ecological solutions.

Supply Chain Management

Supplier Audits: 100% of suppliers subscribed to LEDiL code of conduct. On-site audits conducted.

Responsible Procurement
  • LEDiL code of conduct signed by all suppliers.
  • Prioritizes safe handling, storage, and disposal of chemicals.
  • Commitment to non-use of conflict minerals.

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI (used as inspiration)

Certifications: ISO 14001:2015

Reporting Period: January–September 2024

Environmental Metrics

ESG Focus Areas

  • Climate change
  • Sustainability

Climate Goals & Targets

Environmental Challenges

  • Decline in market demand at Plantasjen
  • Reconstruction of Plantasjen
Mitigation Strategies
  • Reconstruction of Plantasjen focusing on downsizing the store network, optimizing lease contracts, and rightsizing the organization.
  • Restructuring of Expin Group to focus on electrification of rail infrastructure.

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: EU sustainability directive, Science Based Targets initiative (SBTi)