Studsvik AB (publ)
Climate Impact & Sustainability Data (2023)
Reporting Period: 2023
Environmental Metrics
Total Carbon Emissions:806 tCO2e/year (2023)
Renewable Energy Share:100% (electricity from hydro or nuclear power)
Total Energy Consumption:11,937 MWh/year (2023, Sweden)
Water Consumption:Negligible
Waste Generated:Small amounts of radioactive waste, managed responsibly
ESG Focus Areas
- Nuclear Sustainability
- Safety
- Efficiency
- Waste Management
- Employee Well-being
Environmental Achievements
- Reduced CO2 emissions by 60.5% from 2019 to 2023 (excluding 2020 due to boiler issues)
- Reduced electricity consumption by 18.5% from 2018 to 2023 at the Studsvik facility in Sweden
- Implemented bioenergy solution for environmentally friendly heating
- Reduced emissions from company cars in Sweden by 65.6% from 2019 to 2023
Social Achievements
- 90% response rate in employee survey
- Implemented PULSE surveys for proactive employee engagement
- Initiatives for sustainable employee engagement (bike lease, on-site massage, inspirational lectures, leadership coaching, Swedish education)
- Improved HR workflows with a new digitized system
Governance Achievements
- No departures from the Swedish Code of Corporate Governance
- Annual evaluation of the Board of Directors' work
- Active Audit Committee monitoring internal controls, risk management, and financial reporting
- Remuneration Committee for setting President's and Executive Group Management's salaries
Climate Goals & Targets
Long-term Goals:
- Contribute to a more sustainable, safer, and more innovative nuclear sector
Medium-term Goals:
- Expand decommissioning services to other countries
- Increase market share in Switzerland and other markets
Short-term Goals:
- Connect solar cell park to power grid in 2024
Environmental Challenges
- Delayed fuel shipments and production disruptions in Fuel and Materials Technology
- Recruiting qualified personnel for Decommissioning and Radiation Protection Services
- Decreased sales in Waste Management Technology due to focus on core competencies
- Unpredictable market development and dependence on political decisions
Mitigation Strategies
- Established partnerships for new nuclear power and waste management
- Established own training center for qualified personnel
- Focus on core competencies (licenses, engineering services, consulting) in Waste Management Technology
- Long-term financial strategy prioritizing stability over short-term gains
- Continuous efforts to improve liquidity and solvency
Supply Chain Management
Supplier Audits: Every three years for critical suppliers
Responsible Procurement
- Code of Conduct for suppliers
- Supplier assessments before selection
Climate-Related Risks & Opportunities
Opportunities
- Development of energy-efficient products and services
Reporting Standards
Frameworks Used: IFRS
Certifications: ISO 9001, ISO 14001, ISO 45001
Third-party Assurance: KPMG AB
UN Sustainable Development Goals
- Goal 3: Good Health and Well-being
- Goal 7: Affordable and Clean Energy
- Goal 8: Decent Work and Economic Growth
- Goal 9: Industry, Innovation and Infrastructure
Studsvik's services contribute to safe and efficient nuclear processes, supporting sustainable energy and creating jobs.
Sustainable Products & Innovation
- inDRUM technology for waste stabilization and volume reduction
- Software for core monitoring and fuel optimization