Climate Change Data

AVK Group A/S

Climate Impact & Sustainability Data (2022-01 to 2023-01)

Reporting Period: 2022-01 to 2023-01

Environmental Metrics

Total Carbon Emissions:17,771 tonnes CO2e
Scope 1 Emissions:8,625 tonnes CO2e
Scope 2 Emissions:8,132 tonnes CO2e
Scope 3 Emissions:Not disclosed
Renewable Energy Share:28.5%
Total Energy Consumption:91,508 MWh
Water Consumption:166,948 m3
Waste Generated:Not disclosed
Carbon Intensity:1.09 tonnes CO2e per DKK million turnover (Scope 1); 1.02 tonnes CO2e per DKK million turnover (Scope 2)

ESG Focus Areas

  • Water management
  • Climate change
  • Circular economy
  • Occupational health and safety
  • Diversity and inclusion

Environmental Achievements

  • Reduced Scope 1 CO2 emissions by 11.6%
  • Reduced Scope 2 CO2 emissions by 10.05%
  • Increased renewable energy share to 28.5% of total energy consumption
  • Achieved first Environmental Product Declaration (EPD) certification
  • Increased number of ISO 14001 certifications from 34 to 39
  • Increased number of ISO 50001 certifications from 1 to 3
  • Tripled self-produced electricity from solar panels

Social Achievements

  • Established a global People & Leadership function focusing on inclusion and diversity
  • Increased number of ISO 45001 certifications from 27 to 31
  • Significant reduction (up to 66%) in the number of accidents at one company
  • Launched “The AVK Way of Leadership” initiative
  • Participation in “Science Day” and International Women’s Day events to promote diversity

Governance Achievements

  • Increased number of supplier audits from 24 to 72
  • Established a global Sustainability Committee and a central sustainability department
  • Developed a Code of Conduct for suppliers
  • No bribery or corruption violations identified

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Reduce accident frequency rate (LTIFR) to <3 by 2030
  • Phase out all fossil fuel company cars by 2030
  • Increase women in top two management levels to 30% by 2025
Short-term Goals:
  • Reduce CO2 emissions (Scope 1 & 2) by 5%
  • Reduce energy consumption by 2%
  • Reduce water consumption by 2%
  • Increase waste recycling/reuse to >65%
  • Increase ISO 14001 and ISO 50001 certifications
  • Achieve 3 EPD certifications

Environmental Challenges

  • Global economic slowdown impacting infrastructure investments
  • Supply chain disruptions
  • Inflation and higher interest rates
  • Increased protectionism and trade barriers
  • Risks related to human rights compliance in some countries
  • Risks related to anti-corruption and bribery in some countries
  • Work-related accidents
  • Gender imbalance in management
Mitigation Strategies
  • Investing in local production and supply chains
  • Establishing a global Sustainability Committee and central sustainability department
  • Developing a Sustainability Policy and Group Policies
  • Implementing ISO certifications (9001, 14001, 45001, 50001)
  • Conducting supplier audits
  • Implementing a company car policy to phase out fossil fuel vehicles by 2030
  • Initiatives to improve employee well-being and reduce workplace accidents
  • Initiatives to promote diversity and inclusion

Supply Chain Management

Supplier Audits: 72

Responsible Procurement
  • Supplier Code of Conduct
  • Compliance with local environmental and labor legislation

Climate-Related Risks & Opportunities

Physical Risks
  • Not disclosed
Transition Risks
  • Not disclosed
Opportunities
  • Development of energy-efficient products and solutions

Reporting Standards

Frameworks Used: Greenhouse Gas Protocol

Certifications: ISO 9001, ISO 14001, ISO 45001, ISO 50001, ISO 29001, EPD

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • SDG 6 (Clean Water and Sanitation)
  • SDG 9 (Industry, Innovation, and Infrastructure)
  • SDG 3 (Good Health and Well-being)
  • SDG 7 (Affordable and Clean Energy)
  • SDG 8 (Decent Work and Economic Growth)
  • SDG 11 (Sustainable Cities and Communities)
  • SDG 12 (Responsible Consumption and Production)
  • SDG 13 (Climate Action)
  • SDG 17 (Partnerships for the Goals)

AVK's products and solutions contribute to these goals through water management, energy efficiency, sustainable production, and partnerships.

Sustainable Products & Innovation

  • Premium 100 gate valve
  • Smart Water solutions
  • Products for intelligent irrigation
  • Valves for responsible wastewater management
  • Products containing recycled plastic

Awards & Recognition

  • Not disclosed