Climate Change Data

Environmental Metrics

ESG Focus Areas

• Human Rights
• Working Environment
• Environmental and Climate Impact
• Anti-Corruption

Environmental Achievements

• Reduced CO2 emissions by more than 170 tons through compound optimization.
• Reduced material shipped from Denmark to Saudi Arabia by more than 6000 tons, leading to a decrease in CO2 emission of more than 170 tons.
• Reduced energy usage by 1100 MWh/year in Denmark by recovering heat from cooling compressors.
• Reduced annual energy consumption by 260 MWh/year in Denmark through improved insulation of steam pipes.
• Achieved 96% wastewater purification in Malaysia (94% in 2017) and maintained 98% COD reduction in China (98% in 2017).

Social Achievements

• Increased proportion of female board members to 33% (from 17% in the previous year).
• Global employee engagement score of 7.4 (out of 10) based on a survey with over 95% response rate.
• Donated 45,000 Sun Lolly juice drinks to Cirkus Summarum in Denmark.
• Supported Mangrove Planting Program 2018 in Malaysia and the Danish Food Bank.

Governance Achievements

• Developed an E-Learning program for Code of Conduct training (to be implemented in 2019).

Climate Goals & Targets

Environmental Challenges

• Increase in work accidents in 2018, including two fatalities due to bypassing internal safety procedures.
• Variations in employee engagement scores across different regions.
• Gender diversity target of 40% for women in management not achieved in 2018.

Mitigation Strategies

• Thorough investigation of accidents with relevant authorities.
• Increased focus on raising general safety awareness and tightening existing procedures.
• Re-organisation of the working environment committee and hiring of a full-time Health and Safety Officer.
• Tightened use of personal protective equipment and investment in personalized ear protection and eyewear.
• Group HR working with entities with low engagement scores to identify root causes and improve.
• Extending the timeframe for achieving the gender diversity target to 2021.

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: UN Global Compact, UN 17 Sustainable Development Goals

Certifications: ISO 9001:2008, ISO 22000:2005, IFS 2007

Environmental Metrics

ESG Focus Areas

• Human Rights
• Working Environment
• Environmental and Climate Impact
• Anti-Corruption

Environmental Achievements

• Reduced effluent stream to the public municipal plant by 31% (measured in COD) and 9% (measured by volume), while production volume was reduced by 12%
• Installed a heat recovering ventilation system saving approximately 930MWh per year (equal to approximately 195 tons of CO2)

Social Achievements

• Launched a global ‘Growth2025’ leadership training program
• Increased proportion of women managers to 34% (a 5% increase from 2018)
• Launched ‘CO-RO Health’ program focusing on mental and physical well-being, resulting in improved body age among employees
• Global employee engagement score increased from 7.4 in 2018 to 7.9 in 2019 (on a scale from 0 to 10)
• Donated 45,000 Sun Lolly juice drinks to Cirkus Summarum

Governance Achievements

• Rolled out an e-learning program on ethical behavior

Climate Goals & Targets

Environmental Challenges

• Ensuring a constant focus on working environment across global production sites
• Managing risks related to gender equality and labor rights in diverse operating countries
• Addressing potential corruption risks in various countries with varying corruption levels

Mitigation Strategies

• Hiring of a full-time HSE Manager
• Development of a new system for reporting accidents and near misses
• Implementation of HR policies and training to ensure fair treatment of employees
• Implementation of an e-learning program on ethical behavior and business ethics training

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: UN Global Compact, UN 17 Sustainable Development Goals

Certifications: ISO 9001:2008, ISO 22000:2005, IFS 2007

Environmental Metrics

ESG Focus Areas

• Human Rights
• Working Environment
• Environmental and Climate Impact
• Anti-Corruption

Environmental Achievements

• Initiated first phase of a utility pipe bridge combining factories for more efficient use of boiler capacity, expected to deliver yearly savings in excess of 500MWh
• Introduced Sun Lolly organic ice in the Nordics
• Installed 6,000 m2 solar panels on Sunquick plant and office building in Foshan, China

Social Achievements

• Global employee engagement score increased from 7.9 in 2019 to 8.2 in 2020
• 15% reduction in Lost Time Incidents compared to 2019
• Donated 7,000 products to healthcare personnel and continued donations to the Danish Food Bank
• Donated roughly 200,000 DKK to OrphanCare Foundation in Malaysia and 30,000 DKK to the Iraqi Children Foundation

Governance Achievements

• Rolled out a Whistleblower reporting system
• Continued implementation of e-learning program on ethical behavior across all CO-RO entities

Climate Goals & Targets

Environmental Challenges

• Potential risk for ensuring a constant focus on working environment across global production sites
• Geographical footprint poses an inherent risk related to corruption in various countries of operation

Mitigation Strategies

• Areas of H&S are on the agenda in Board Meetings, proper training and education to ensure good working conditions
• Implementation of precautionary measures at sites due to COVID-19 (physical distancing, temperature screening, etc.)
• Code of Conduct and e-learning program on ethical behavior
• Whistleblower reporting system

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: UN Global Compact, UN 17 Sustainable Development Goals

Certifications: ISO 9001:2008, ISO 22000:2005, IFS 2007

Sustainable Products & Innovation

• Sun Lolly organic ice

Environmental Metrics

ESG Focus Areas

• Human Rights
• Working Environment
• Environmental and Climate Impact
• Anti-Corruption
• Responsible Consumption

Environmental Achievements

• 16% reduction in dry material discharge in wastewater in Frederikssund factory
• Replaced all light sources with LED lighting in controlled areas of Frederikssund factory
• Upgraded insulation on all pipings in Frederikssund factory
• Conducted a life cycle assessment (LCA) of ambient ice lollies

Social Achievements

• Sunquick Lanka achieved Great Place to Work Certification™
• Global employee engagement score increased from 8.0 in Q1 to 8.2 in Q4 (average 8.1)
• Named "Årets Læreplads" (company of the year for vocational training) in Denmark
• Donated 100,000 Sunquick fruit drinks to healthcare workers in Sri Lanka
• Donated thousands of products to healthcare workers in China

Governance Achievements

• Updated Supplier Code of Conduct (rolled out in CO-RO A/S in 2022)
• Implemented a Whistleblower reporting system (no reports submitted in 2020 or 2021)

Climate Goals & Targets

Environmental Challenges

• Did not achieve 40% female manager target by end of 2021 (30% achieved, decline from 38% in 2020)
• Did not manage to reduce the number of Lost Time Incidents (LTIs) in 2021 compared to 2020
• Variations in employee engagement levels across regions

Mitigation Strategies

• CO-RO China introduced a "Female Career Guide" to support female employees' career development
• Group HR working with entities with lower engagement scores to find root causes and improve via action planning
• Continued focus on prevention and implementation of improvements within Health, Safety & Environment (HSE)

Supply Chain Management

Responsible Procurement

• Supplier Code of Conduct

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: UN Global Compact, UN 17 Sustainable Development Goals (focus on 4)

Sustainable Products & Innovation

• 3 new "No Added Sugar" products
• Sun Lolly Fruity Water
• Suntop "No Added Sugar" range
• Sunquick Zero concentrate

Awards & Recognition

• Årets Læreplads (company of the year for vocational training)

Environmental Metrics

ESG Focus Areas

• Environmental & Climate Impact
• Human Rights & Labour Rights
• Working Environment
• Social Engagement
• Anti-Corruption & Business Ethics
• Quality & Food Safety

Environmental Achievements

• Reduced CO2 emissions by 400 tonnes due to optimization of energy usage in Denmark from 2021–2023
• Reduced energy consumption by 20% in 2022 and an additional 15% in 2023 at the main production site in Frederikssund.
• Started construction of a new compound factory in Denmark aiming for CO2 neutral production by 2025.
• Optimized compound model resulting in significant weight reduction, translating to a reduction in carbon footprint during transportation.
• Saved 14 million liters of water in 2023 at Binzagr CO-RO in Saudi Arabia through a water recovery station.

Social Achievements

• Reduced Lost Time Incidents (LTIs) by 75% from 12 in 2022 to 3 in 2023.
• Achieved best-ever employee engagement score of 8.5 (out of 10) in 2023.
• Launched training on recruitment and bias avoidance to promote diversity, equity, and inclusion.

Governance Achievements

• Achieved 90% compliance with Supplier Code of Conduct for direct material suppliers by the end of 2023.
• No reports submitted through the Whistleblower reporting system since its implementation in 2020.
• Initiated CSRD readiness plan to ensure compliance by January 1, 2025.

Climate Goals & Targets

Environmental Challenges

• Climate change poses a threat to the availability and quality of key ingredients.
• Operations contribute to greenhouse gas emissions.
• Ensuring a constant focus on working environment across global production sites.
• Achieving gender diversity targets in managerial positions.
• Navigating varied social and cultural dynamics in diverse global contexts.

Mitigation Strategies

• Investing in new production technologies and water-efficient technologies.
• Optimizing packaging to reduce waste and promoting responsible sourcing practices.
• Establishing a Global Safety Committee and implementing a Global Safety Program.
• Developing and launching training on recruitment and bias avoidance.
• Engaging with local stakeholders and understanding local customs.

Supply Chain Management

Supplier Audits: 90% compliance by end of 2023

Responsible Procurement

• Supplier Code of Conduct

Climate-Related Risks & Opportunities

Physical Risks

• Climate change impacting ingredient availability and quality

Reporting Standards

Frameworks Used: UN Global Compact, Danish Financial Statements Act §99a and §99b