Climate Change Data

Environmental Metrics

ESG Focus Areas

• Financial stability
• Anti-corruption
• Anti-competitive behaviour
• Materials used in production
• Energy consumption
• Greenhouse gas emissions
• Waste
• Supplier requirements
• Employee health and safety
• Diversity and equal opportunity
• Environmental impacts of products and services
• Customer health and safety
• Product and service labelling

Environmental Achievements

• Energy consumption fell in real terms by 3.5 percent in 2019 and greenhouse gas emissions fell by 4.4 percent. Measured as a percentage of sales, emissions fell 10.4 percent.
• Waste products generated during production consist primarily of scrap metal. Scrap metal is 100 percent recycled and other waste is recycled up to almost 90 percent.
• Lindab Ventilation opened a new production plant for circular ventilation ducts in Gothenburg, reducing transport needs and CO2 emissions.
• Lindab Romania reduced CO2 emissions by 20 percent by switching to natural gas for heating.
• Lindab Profile in Förslöv installed district heating and biogas, reducing CO2 emissions by 407 tonnes annually.
• Lindab Slovenia reduced CO2 emissions by switching from LPG to natural gas for heating.
• Lindab Switzerland improved its air pressure system, reducing operating time by 25 percent.
• Lindab Switzerland made logistics changes that reduced CO2 emissions by approximately 1.3 tonnes per standard transport week.
• Lindab Profile will supply sandwich panels to a battery factory in Skellefteå using HVO-fueled trucks (biofuel).
• Lindab Ventilation optimized pallet wrapping, saving around 2,870 km of plastic annually.
• Lindab Hungary invested in new air compressors, reducing energy consumption by over 30 percent.
• Lindab Denmark optimized ventilation, reducing CO2 emissions by around 109 tonnes annually.
• Lindab UK uses a new waste supplier focused on maximum recycling.

Social Achievements

• Health and safety work was given higher priority, including a joint training session on safety.
• A health and safety manager was appointed at the Group level.
• New classifications were introduced for reporting, and investments were made in new production equipment to increase machine safety.
• The Lindab Innovation Hub was launched to support start-ups in the indoor climate sector.
• Ongoing donations of food and resources to local food banks in the UK.

Governance Achievements

• A new, easier-to-use whistleblower function, WhistleB, was launched.
• The process for evaluating suppliers was developed further and improved. Cooperation with an external partner for auditing suppliers in high-risk countries was also introduced.

Climate Goals & Targets

Environmental Challenges

• Unacceptable conduct from some players in the construction industry from a competition perspective.
• Need to create greater interest in different types of professions within Lindab and the industry.

Mitigation Strategies

• Lindab has a competition policy which is updated on an ongoing basis to ensure that all business in which the company is involved with is characterised by anti-competitive behaviour.
• Employees are informed and given ongoing training on the content of Lindab's policy to prevent breaches relating to competition.
• Formal appraisals, competence mapping, and succession planning support employee development and talent retention.

Supply Chain Management

Responsible Procurement

• Lindab Supplier Assessment
• Code of Conduct for suppliers

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI Standards, Core level, UN Global Compact, Agenda 2030

Certifications: ISO 9001, ISO 14001

UN Sustainable Development Goals

• 3: Good Health and Well-being
• 9: Industry, Innovation and Infrastructure
• 11: Sustainable Cities and Communities
• 13: Climate Action
• 17: Partnerships for the Goals

Examples of Lindab's contributions to each goal are provided in the report.

Sustainable Products & Innovation

• Lindab Safe and Lindab Safe Click duct systems
• UltraLink measuring unit
• SolarRoof

Environmental Metrics

ESG Focus Areas

• Healthy buildings
• Reduced environmental impact from customers
• Sustainable business

Environmental Achievements

• Reduced energy consumption by 17% to 90,069 MWh
• Reduced CO2 emissions by 5% to 66,734 tonnes
• Reduced scrap metal by 3% to 19,458 tonnes
• Achieved 88% recycling rate

Social Achievements

• Reduced work-related accidents by 40%
• Increased proportion of women employees to 25%
• 92% of employees recommended Lindab as an employer

Governance Achievements

• Implemented a new sustainability plan with increased ambition
• Conducted the first audit of a supplier in a high-risk country
• Updated supplier evaluation efforts requiring suppliers to approve Lindab’s Supplier Principles

Climate Goals & Targets

Environmental Challenges

• Lower construction activity due to the pandemic
• Limited access for service technicians to ventilation facilities
• CO2 emissions as a percentage of sales increased marginally despite total emissions decreasing

Mitigation Strategies

• Increased local warehousing to mitigate delivery risks
• Implemented procedures to prevent contagion and increase employee safety
• Adjusted costs to safeguard profitability and liquidity
• Implemented the largest investment program in Lindab's history focusing on automation, production capacity, and optimized logistics

Supply Chain Management

Supplier Audits: First audit carried out at a supplier in a high-risk country at the end of 2020. New process being launched for all Lindab companies.

Responsible Procurement

• Lindab’s Supplier Principles
• Supplier evaluation based on risk classification of supplier country using the Corruption Perceptions Index (CPI)

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI Standards, Core level, UN Global Compact, Agenda 2030

Sustainable Products & Innovation

• Lindab UltraLink
• Lindab Pascal
• Lindab SolarRoof

Awards & Recognition

• Byggeriet's 2020 Energy Prize (Denmark) for Lindab SolarRoof

Environmental Metrics

ESG Focus Areas

• Climate change mitigation
• Healthy indoor environments
• Sustainable production
• Employee well-being
• Supplier sustainability

Environmental Achievements

• Reduced CO2 emissions (scopes 1 and 2) by 28% from 2019 to 2021 (per m SEK in sales).
• Increased renewable energy share to 24% in 2021.
• Reduced scrap metal by 9% in 2021.
• Achieved 71% waste recycling rate in 2021.
• 18% of regular suppliers assessed for sustainability in 2021.

Social Achievements

• 91% of employees would recommend Lindab as an employer in 2021.
• Introduced incident reporting system to improve workplace safety.
• Received Career Companies 2022 award in Sweden.
• Named one of Denmark's best workplaces for seniors.

Governance Achievements

• Implemented a Code of Ethics.
• Established a whistle-blower system.
• No confirmed cases of corruption in 2021.

Climate Goals & Targets

Environmental Challenges

• High volatility in raw material prices (steel).
• Operational disruptions (equipment failure, strikes, fire).
• Shortage of manpower.
• Climate change impacts (storms, floods, electricity shortages).
• Maintaining supplier compliance with Code of Conduct.

Mitigation Strategies

• Central steel purchasing with long-term relationships and advance planning.
• Diversified production locations to redirect operations in case of disruptions.
• Global insurance programs.
• Targeted initiatives to attract and retain employees, automation of production.
• Supplier certification process, audits in high-risk countries.

Supply Chain Management

Supplier Audits: 18% in 2021, aiming for 100% by 2023.

Responsible Procurement

• Supplier Code of Conduct addressing working conditions, health & safety, business ethics.
• Prioritizing cooperation with steel suppliers driving development towards fossil-free steel.

Climate-Related Risks & Opportunities

Physical Risks

• Storms, floods

Transition Risks

• Electricity shortages, higher electricity prices

Opportunities

• Increased demand for energy-efficient ventilation systems due to EU Green Deal.

Reporting Standards

Frameworks Used: GRI Standards, Core level

UN Sustainable Development Goals

• Goal 7 (Affordable and clean energy)
• Goal 13 (Climate action)

Energy-efficient products and sustainable production contribute to these goals.

Sustainable Products & Innovation

• Lindab Ultra BT demand-controlled ventilation system.
• SolarRoof product with integrated solar cells.

Awards & Recognition

• Career Companies 2022 award (Sweden)
• Named one of Denmark's best workplaces for seniors (Great Place to Work).

Environmental Metrics

ESG Focus Areas

• Climate Change
• Energy Efficiency
• Circular Economy
• Employee Well-being
• Supplier Sustainability
• Business Ethics

Environmental Achievements

• Reduced CO2e emissions by 22.7% per million SEK in sales since 2019
• Launched products made from at least 75% recycled steel
• Received a pilot delivery of fossil-free steel
• 5% of owned and controlled trucks use renewable fuel
• 31% of sales have Environmental Product Declarations (EPDs)

Social Achievements

• 90% of employees recommend Lindab as an employer
• Launched an updated Code of Conduct
• Organized a leadership conference for managers
• Supported community activities in various locations

Governance Achievements

• Adapted corporate governance to new regulations, particularly in sustainability
• Implemented a new internal whistleblowing directive
• Conducted a double materiality assessment
• Sustainability targets linked to 10% of variable remuneration for 2024

Climate Goals & Targets

Environmental Challenges

• Weaker demand in the European construction market due to high inflation and interest rates
• Increased number of work-related accidents (LTIF increased to 9.0)
• Slower than hoped-for progress in supplier certification
• Challenges in collecting high-quality transport data
• Limited availability of scrap metal and decarbonized steel

Mitigation Strategies

• Implemented cost savings measures
• Implemented several measures to improve safety thinking and minimize risky behavior
• Intensified efforts to certify all suppliers
• Improved data collection methods for transport
• Partnering with steel suppliers to secure decarbonized steel

Supply Chain Management

Supplier Audits: 73% of suppliers certified in 2023; on-site audits for high-risk countries

Responsible Procurement

• Lindab Supplier Code
• Supplier evaluation program
• Environmental Requirements for Carriers

Climate-Related Risks & Opportunities

Physical Risks

• Storms, floods, energy shortages

Transition Risks

• Increased costs for decarbonized steel, volatile energy prices

Opportunities

• Increased demand for energy-efficient ventilation and building repairs

Reporting Standards

Frameworks Used: GRI Standards 2021

Certifications: ISO 9001, ISO 14001, ISO 50001 (one factory)

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Goal 7 (Affordable and Clean Energy)
• Goal 9 (Industry, Innovation, and Infrastructure)
• Goal 11 (Sustainable Cities and Communities)
• Goal 12 (Responsible Consumption and Production)
• Goal 13 (Climate Action)

Lindab's products and operations contribute to these goals through energy efficiency, sustainable materials, circular economy initiatives, and responsible business practices.

Sustainable Products & Innovation

• Products in recycled steel
• Energy-efficient ventilation systems

Awards & Recognition

• One of Europe's climate leaders (Financial Times)
• Nasdaq ESG Transparency Partner

Environmental Metrics

ESG Focus Areas

• Create healthy buildings
• Reduce the environmental impact from customers
• Drive a sustainable business

Environmental Achievements

• Lindab’s CO2e emissions decreased by 23 percent to 1.7 tons per SEK million of sales from 2019 to 2023.
• Launched products in recycled steel as part of Lindab’s standard product range in 2023.
• Received the first delivery of fossil-free steel from SSAB in 2023.

Social Achievements

• 90 percent of Lindab’s employees would recommend the company as an employer.
• A number of measures have been implemented from the second half of 2023 to improve safety and minimize risky behavior.

Governance Achievements

• Work has begun on CSRD, an EU directive that will accelerate the sustainable transition.
• The sustainability report for 2023 presented the results of the double materiality analysis.

Climate Goals & Targets

Environmental Challenges

• Lower demand in the construction market, particularly in the Nordic region.
• Reduced construction activity in the Nordic region impacting demand for Profile Systems.
• Increased number of workplace accidents in 2023 (LTIF amounted to 9.0).

Mitigation Strategies

• Selective price increases and cost base review to strengthen profitability in Ventilation Systems.
• Price increases and further cost savings to strengthen profitability in Profile Systems.
• Structural measures are being evaluated for Profile Systems.
• Implementing measures to change safety thinking and minimize risky behavior.

Supply Chain Management

Supplier Audits: 73% of suppliers certified in 2023

Responsible Procurement

• Certification process introduced in 2021

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Increased demand for sustainable and energy-efficient products

Reporting Standards

Frameworks Used: CSRD

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• SolarRoof (quality roof with integrated solar cells)

Awards & Recognition

• Not disclosed