Climate Change Data

Solwers Plc

Climate Impact & Sustainability Data (2023)

Reporting Period: 2023

Environmental Metrics

ESG Focus Areas

  • Circular economy
  • Environmental issues
  • Energy sector expertise
  • Gender diversity
  • Good governance
  • Employee well-being
  • Biodiversity
  • Climate change adaptation
  • Low-emission construction
  • Sustainable solutions

Environmental Achievements

  • Several Solwers companies awarded quality and environmental certificates, including EcoVadis (ELE Engineering AB) and Ekokompassi (DTOy), as well as ISO 9001 and 14001 (DREEM AB).
  • Involvement in projects strengthening Sweden's national grid, connecting renewable energy sources.
  • Assistance to H2 Green Steel AB in a low-emission steel plant project.
  • Contribution to the design of an energy-efficient hotel with reduced carbon footprint.

Social Achievements

  • Employee net promoter score (eNPS) of +33, classified as very good.
  • Group-wide job satisfaction survey conducted.
  • Supervisor training organized for subsidiaries.
  • Annual monetary donation to charities (Hyvä Mieli in Finland and Barncancerfonden in Sweden).
  • 60% of Solwers board members are women (compared to 30.4% average in listed companies).

Governance Achievements

  • Established an internal ESG working group.
  • Improved accessibility of the whistleblowing channel and published it on the company website.
  • Common Code of Conduct principles for subsidiaries.
  • Preparing for the adoption of the EU Corporate Responsibility Reporting Directive (CSRD).

Climate Goals & Targets

Environmental Challenges

  • Weak Swedish krona negatively impacted revenue.
  • Growth and profitability were behind the mid-term target.
Mitigation Strategies
  • Active M&A strategy focusing on energy, automation, and power transmission sectors.
  • Risk mitigation in acquisitions through earn-out models, due diligence, and incentive programs.
  • Focus on projects less prone to economic fluctuations (70% under EUR 10,000).

Supply Chain Management

Climate-Related Risks & Opportunities

Opportunities
  • Green transition and increasing regulation concerning biodiversity open new business opportunities.

Reporting Standards

Frameworks Used: UN Global Compact, EU Corporate Sustainability Reporting Directive (CSRD), European Sustainability Reporting Standards (ESRS)

Certifications: EcoVadis, Ekokompassi, ISO 9001, ISO 14001