Axkid AB
Climate Impact & Sustainability Data (2023-01-01 to 2023-12-31)
Reporting Period: 2023-01-01 to 2023-12-31
Environmental Metrics
Total Carbon Emissions:141.1 tCO2e/year (Scope 1, 2, and parts of Scope 3)
Scope 1 Emissions:7.8 tCO2e/year
Scope 2 Emissions:17.2 tCO2e/year
Scope 3 Emissions:116.1 tCO2e/year (estimated)
Renewable Energy Share:37% (estimated for supply chain energy)
Total Energy Consumption:Not disclosed
Water Consumption:2500 m3/year (estimated for Axkid parts production)
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed
ESG Focus Areas
- Child safety
- Climate change mitigation
- Sustainable materials
- Supply chain sustainability
- Employee well-being
- Circular economy
Environmental Achievements
- Launched the Envirocollection, an infant carrier, base, and toddler seat made from bio-composite plastic and bamboo-based viscose fabrics.
- 35% reduction in Scope 1 emissions
Social Achievements
- Implementation of an internal Code of Conduct in 2020 and a Supplier Code of Conduct in 2022.
- Introduction of a Whistleblower system in 2021.
- Donation of €5,430 to Save the Children charity and €500 to Medica Mondiale.
Governance Achievements
- Integration of the Worldfavor ESG reporting system.
- Development of internal and external information management systems to support ongoing sustainability endeavors.
Climate Goals & Targets
Long-term Goals:
- Net zero GHG emissions by 2040
- Transition to a fully circular business model by 2040
- 50% turnover from refurbished seats by 2040
Medium-term Goals:
- Net zero emissions in distribution by 2030
- Use 100% recycled materials by 2030
- Achieve net zero GHG emissions in the whole value chain by 2040
Short-term Goals:
- Net zero emissions in Scope 1 & 2 by 2025
- Replace diesel car with electric one in 2024
- Upgrade heating system in UK office by 2024
Environmental Challenges
- Supply chain disruptions due to political situations, climate change impacts, and labor shortages.
- Difficulty in measuring Scope 3 emissions and biodiversity impacts.
- Limited knowledge and capacity to fully evaluate impacts on biodiversity.
- Challenges in achieving fair, equal, and desirable jobs for all due to measurement challenges.
- Increased energy consumption due to a new UK office.
Mitigation Strategies
- Initiating audits of major suppliers.
- Expanding rental offerings to new markets.
- Launching a test program for the buy-back of used products.
- Implementing enhanced control and testing protocols, particularly in textiles.
- Aligning emissions reduction targets with the Paris Agreement goals.
- Planning to replace the oil burner in the UK facility with a more sustainable heating system by 2024.
- Planning to install solar panels in the China facility by 2025.
- Initiating a training program for suppliers on sustainability.
Supply Chain Management
Supplier Audits: 70% of suppliers (by spend) have working conditions audit in 2023
Responsible Procurement
- Supplier Code of Conduct
- Sustainability questionnaires
- Supplier Day
- Supplier training program
Climate-Related Risks & Opportunities
Physical Risks
- Supply chain disruptions due to climate events
Transition Risks
- Regulatory changes, market shifts
Opportunities
- Development of energy-efficient products
- Market differentiation through sustainable practices
Reporting Standards
Frameworks Used: GRI Standards
Certifications: ISO 9001 (Axkid China)
Third-party Assurance: Not disclosed
UN Sustainable Development Goals
- Goal 3 (Good Health and Well-being)
- Goal 6 (Clean Water and Sanitation)
- Goal 7 (Affordable and Clean Energy)
- Goal 8 (Decent Work and Economic Growth)
- Goal 12 (Responsible Consumption and Production)
Axkid's initiatives align with these SDGs through rear-facing car seat safety, sustainable materials, renewable energy use, ethical labor practices, and waste reduction.
Sustainable Products & Innovation
- Envirocollection
Awards & Recognition
- Not disclosed