Climate Change Data

JENSEN-GROUP NV

Climate Impact & Sustainability Data (2023)

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:5,313 tCO2e/year (Scope 1 and 2)
Renewable Energy Share:15% of total fleet (target 60% by 2030)
Total Energy Consumption:7,975,742 kWh/year
Water Consumption:Under three liters per kg linen processed
Waste Generated:21.66% steel scrap (from two largest factories)

ESG Focus Areas

  • Greenhouse Gas Emission reduction
  • Energy use reduction
  • Waste reduction
  • Health and safety improvement
  • Supplier code of conduct
  • Ethical business policy
  • Diversity
  • Employee engagement
  • Training and development

Environmental Achievements

  • Reduced steel scrap by 30% annually (combining data from two largest factories)
  • Achieved 0 paint booth spills
  • Reduced energy consumption in dryers by 10-15% compared to conventional dryers
  • Gas-heated dryers consume only 0.95 kWh per liter
  • Average water consumption of under three liters per kg linen processed
  • Energy consumption of under one KW/h per kg linen processed

Social Achievements

  • Appointed a Head of Corporate Sustainability
  • Reduced accidents in PECs to 31 (target was <30)
  • Reduced sick days per employee to 5 (target was <5)
  • Achieved 95% employee adherence to Ethical Business Statement (target was 100%)
  • 98% of A-suppliers fulfill the Code of Conduct criterion
  • Average training hours per employee: 32 (target was 30)

Governance Achievements

  • Adopted the 2020 Belgian Corporate Governance Code
  • Implemented a ‘Policy to Prevent Insider Trading’ and a Whistleblowing Hotline procedure
  • Developed an Ethical Business Policy Statement and a Suppliers’ Code of Conduct
  • Full compliance with Belgian law on gender diversification in the Board of Directors

Climate Goals & Targets

Medium-term Goals:
  • Achieve 60% renewable energy share in company fleet by 2030
Short-term Goals:
  • Reduce accidents in PECs to <25 in 2024
  • Reduce sick days per employee to <5 in 2024
  • Achieve 100% employee adherence to Ethical Business Statement in 2024

Environmental Challenges

  • Uncertainty regarding the overall political climate
  • Impact of geopolitical and military threats
  • Travel restrictions
  • Slowing-down of demand due to economic recession
  • Customers' ability to access financing
  • Fluctuating availability of raw materials, energy and transportation costs
  • Exchange rate volatility
  • Competitive pressures
  • Risk of damage due to natural disaster
  • Risk of non-compliance with environmental protection laws and regulations
  • Risk of being held responsible for environmental contamination
  • Challenges to recruit sufficient qualified employees
  • Potential product liability expenses
  • Potential for future legal proceedings
  • ICT risks (cybersecurity)
  • Water scarcity
  • Energy-related costs
  • Transition from fossil fuels towards renewables
Mitigation Strategies
  • Implemented price increases
  • Improved operational efficiency
  • Executed investments (acquisitions, expansion)
  • Implemented risk mitigating measures (risk mapping, project for legal compliance)
  • Developed disaster recovery plans
  • Implemented back-up plans for production activities
  • Developed an environmental remediation plan
  • Maintained insurance coverage
  • Implemented a ‘Suppliers’ Code of Conduct’
  • Implemented a whistleblowing procedure
  • Increased virtual meetings, customer support, and e-learnings
  • Encouraged purchase of electric vehicles
  • Developed a risk map
  • Implemented key controls to provide reasonable assurance about the reliability of financial reporting
  • Introduced monthly closings
  • Implemented hedging strategies for interest rate and foreign exchange rate risks
  • Implemented stringent repayment schedules and take-back guarantees with financial institutions

Supply Chain Management

Supplier Audits: 98% of A-suppliers fulfill the Code of Conduct criterion, 66% of A/B/C suppliers

Responsible Procurement
  • Suppliers’ Code of Conduct

Climate-Related Risks & Opportunities

Physical Risks
  • Natural hazards (earthquakes, windstorms, floods)
Transition Risks
  • Water scarcity
  • Energy-related costs
  • Transition from fossil fuels towards renewables
Opportunities
  • Development of energy-efficient products

Reporting Standards

Frameworks Used: GRI Sustainability Reporting Standards: Core option, EU Taxonomy

Third-party Assurance: Deloitte BV

UN Sustainable Development Goals

  • Goal 5
  • Goal 10
  • Goal 7
  • Goal 13

The Group adheres fully to Goals five and ten of the Sustainable Development Goals. Initiatives contribute to Goals 7 (Affordable and Clean Energy) and 13 (Climate Action) through energy efficiency improvements and GHG emission reduction.

Sustainable Products & Innovation

  • CleanTech solutions (energy and resource saving machines)
  • Robotics from Inwatec

Awards & Recognition

  • Euronext BEL award for best performing 2023 Small Cap company