Climate Change Data

Environmental Metrics

ESG Focus Areas

• Sustainable Products
• Health and Safety
• Environment and Climate
• People and Society

Environmental Achievements

• Reduced CO2 emissions by approximately 5,000 tonnes annually at Gothenburg refinery due to new gas heaters.
• Dramatically reduced steam losses at Nynäshamn refinery from 37,017 tonnes in 2010 to 2,611 tonnes in 2022.
• Launched NYTRO® RR 900X, a circular transformer fluid reducing greenhouse gas emissions by at least 70% compared to virgin oil.
• Launched Nypol RE range of bitumen binders incorporating biogenic material, reducing CO2 footprint by up to 60%.

Social Achievements

• Launched the Nynas Code of Safe Conduct to support safety culture and performance.
• Completed union negotiations regarding staffing of the revised Swedish organisation.
• Received EcoVadis Gold Sustainability rating, placing the company in the top group of its category.

Governance Achievements

• Completed a refinancing of existing lending facilities, extending loans and securing additional financing.
• Implemented a new operating model streamlining functional reporting lines and the Executive Committee.

Climate Goals & Targets

Environmental Challenges

• Market volatility and uncertainty due to the conflict in Ukraine and escalating energy prices.
• Supply chain disruptions due to halting purchases of Russian feedstock.
• Increase in personal safety incidents.
• Company restructuring and redundancies in non-core markets.

Mitigation Strategies

• Searching for alternative feedstock from global suppliers.
• Consolidating the Group’s footprint and focusing on profitable markets.
• Improving operational efficiency and lowering costs.
• Strengthening the “Observe – Think – Act” safety principles.
• Implementing a strategic partnership with Tech Mahindra to modernize IT infrastructure.

Supply Chain Management

Supplier Audits: 80% of critical suppliers assessed for sustainability in 2022

Responsible Procurement

• Nynas Code of Conduct and policies

Climate-Related Risks & Opportunities

Transition Risks

• Regulatory changes (EU Green Deal)
• Market shifts towards renewable and fossil-free feedstocks

Opportunities

• Development of energy-efficient products and renewable feedstocks

Reporting Standards

Frameworks Used: UN Sustainable Development Goals

Certifications: ISO 9001, ISO 14001, ISO 45001, ISO 50001 (Germany), ISCC Plus (NYNAS BIO products)

Third-party Assurance: KPMG AB

UN Sustainable Development Goals

• SDG 8
• SDG 9
• SDG 12
• SDG 13

Nynas' products and operations contribute to decent work, industry innovation, responsible consumption and production, and climate action.

Sustainable Products & Innovation

• NYTRO® RR 900X
• NYTRO® BIO 300X
• NYTEX® BIO 6200
• Nypol RE

Awards & Recognition

• EcoVadis Gold Sustainability rating

Environmental Metrics

ESG Focus Areas

• Sustainable Products
• Health and Safety
• Environment and Climate
• People and Society

Environmental Achievements

• Reduced Scope 1 and 2 GHG emissions by more than 50 percent since 2017.
• Reduced CO2 emissions by approximately 4,000 tonnes in 2023 at Gothenburg due to new gas heaters.
• Dramatically reduced steam losses at Nynäshamn, reducing annual energy loss from 27,762 MWh in 2010 to 2,535 MWh in 2023.
• Completed Landfarmen landfill covering and decontamination project.

Social Achievements

• Launched the Code of Safe Conduct to support safety culture development.
• Increased the ratio of female managers from 25% in 2022 to 28% in 2023.
• Welcomed two new female members to the Nynas Executive Committee.
• Achieved 75% of critical suppliers assessed for sustainability.

Governance Achievements

• Implemented dozens of improvement initiatives structurally improving both costs and revenues.
• Began efforts to address the Corporate Sustainability Reporting Directive (CSRD) requirements for 2026.

Climate Goals & Targets

Environmental Challenges

• Unplanned shutdown at Nynäshamn in Q1 2023 constraining NSP production for one month.
• Five TRI and one process safety incidents in Q1 2023.
• Lower sales volumes on Naphthenic products due to Harburg site closure and unplanned downtime.

Mitigation Strategies

• Quick response from safety department to the Nynäshamn incident resulted in limited production losses.
• In-depth analysis of the process safety accident at Nynäshamn and implementation of lessons learned.
• Intensive training rolled out to minimize similar events.
• Launched Step Change for Safety initiative to improve safety performance and culture.
• Developed capability to source feedstock from a variety of sources.

Supply Chain Management

Supplier Audits: 75% of critical suppliers assessed for sustainability in 2023.

Responsible Procurement

• All suppliers expected to comply with Nynas Code of Conduct.

Climate-Related Risks & Opportunities

Transition Risks

• International initiatives to mitigate climate change increasing pressure to reduce emissions.
• Regulatory changes banning mineral-based fuels in certain applications.
• Investor restrictions on fossil fuel-related activities.

Opportunities

• Development of energy-efficient products and renewable feedstocks.

Reporting Standards

Frameworks Used: GRI, TCFD, UN SDGs

Certifications: ISO 9001, ISO 14001, ISO 45001, ISCC Plus

Third-party Assurance: KPMG AB

UN Sustainable Development Goals

• SDG 8
• SDG 9
• SDG 12
• SDG 13

Nynas' sustainability program is aligned with the UN Sustainable Development Goals.

Sustainable Products & Innovation

• NYTRO® RR 900X (re-refined transformer fluid)
• NYTEX BIO 6200 (biobased tyre oil)
• NYTRO® BIO 300X (biobased transformer fluid)
• Nypol RE (polymer-modified bitumen with biogenic carbon)

Awards & Recognition

• NYTEX BIO 6200 awarded top chemicals and compounding innovation of the year at Tire Technology Expo.