New Wave Group Annual Report 2022 NWG_Annual_Report_2022_EN | Page 42

NWG // CSR
T o w a r d s a s u s t a i n a b l e g r o w

CSR and Sustainability t h

How New Wave Group conducts the sustainability work and which areas we focus on is connected to the level of impact and issues that are highly valued by our stakeholders .

Our strategy is based on the vision of maximizing our contribution to globally agreed goals for sustainable development . The Global Goals guide how New Wave Group tackles climate change , depletion of natural resources , and social inequalities - some of the risks to our business , the planet , and people linked to our value chain .

Through our value chain - the entire chain of activities required to design , manufacture , transport , market , sell , use , reuse , and recycle our products - the company interacts with countless people , communities , ecosystems , and other businesses worldwide . Through our sustainability strategy , we aim to seize opportunities and manage risks . The objective is to maximize positive impact and minimize negative impact through decisions that are aligned with the company ' s values and contribute to our long-term goals .
The work includes , for example , improving working conditions in production countries , reducing greenhouse gas emissions from production , transportation , and developing more sustainable and circular products . A central part is also to actively disseminate knowledge and information to create awareness of sustainable consumption and sustainability aspects in the production of textiles and other goods . In this way , the Group can contribute to the global development goals while ensuring a good dialogue with customers and other stakeholders .
Sustainability Report
In our separate sustainability report , we have placed New Wave Group ' s sustainability work in a larger context within the framework of the 17 global sustainability goals . Here we provide a more comprehensive picture of the work and highlight our accomplishments , but also what we can do better . As in previous years , we report in accordance with the GRI Standards , Global Reporting Initiatives ' latest guidelines .
The sustainability Report is available at www . nwg . se / en / csr .
Highlights 2022
The combined effects of the pandemic , social unrest , political instability , and the climate crisis have created something of a momentum and resulted in a great focus on sustainability issues . The Group ' s companies have shown that they are good at meeting stakeholders ' expectations . More sustainable offerings have been introduced to a greater extent than before , as well as other sustainability initiatives such as emissions calculations at the product level , reduction of plastic use , and a clear shift towards electric cars in the fleet . At the same time , much focus has been on working with the Group ' s core processes and introducing support systems to manage increased demands for information and transparency .
New Wave Group ' s continued journey is largely about leveraging the strength of the Group . We know that our business has the greatest impact on people and the environment in our production countries , and that we must continue to focus heavily on our manufacturing suppliers to mitigate that impact . Our own purchasing offices play a key role in that work - with strong local presence , we have the strength and conditions for real impact .
Read
Read more about how New Wave Group works with CSR and sustainability in the separate Sustainability Report , available on www . nwg . se / csr / en
042 // ANNUAL REPORT