NWG // SUSTAINABILITY STATEMENT
provided in ESRS 1 paragraph 77. The time horizons are applied based on benchmarking against similar industries and the nature of the Group’ s operations, in order to better reflect how risks, opportunities, and actual and potential impacts materialize within the business. Product development, supply chains, and market strategies often extend over longer periods than the recommended ESRS intervals. The time horizons are therefore aligned with the Group’ s strategic planning, investment and product cycles, as well as external dependencies such as technological developments, market trends, and regulatory changes.
The Group has included data from the value chain in its calculations of greenhouse gas emissions. Reporting is carried out in accordance with ESRS E1 and uses the Greenhouse Gas Protocol( GHG Protocol) as guidance for principles and definitions. Where actual data points have not been available, assessments and estimates are applied. The assessment and estimates are described in relation to the disclosed data points and are regularly reevaluated based on experience, changes in reporting practices and improvement of data quality. In the case that a recalculation has been carried out, it is disclosed in connection with the disclosed key performance indicators.
New Wave Group strives to apply a high degree of accuracy in its calculation, both regarding internal data points and external sources. However, all calculations inherently involve a degree of uncertainty due to methodological limitations, data collection constraints, assumptions and external factors that may influence the results.
For identified quantitative metrics that are subject to a high level of measurement uncertainty, the sources of such uncertainty, as well as estimates and assumptions, are described in connection with the disclosed data. A high level of measurement uncertainty is particularly evident in relation to Scope 3 emissions in Category 1: Purchased goods and services. For further information, see Calculation methodology for greenhouse gas emissions on page 65, and for resource inflows, see Calculation methodology for resource inflows on page 76.
The most significant change compared to previous statements based on the GRI standards is that this statement follows the ESRS standards and has been subject to a third-party assurance by the Group’ s auditors in accordance with RevR19. As a result, the reporting now includes a larger volume of data than before, particularly activity based quantitative data. Compared to previous reporting period, no material prior period errors or comparative amounts that affect comparability have been identified, which is why no comparative figures have been revised.
Incorporation by reference
SBM-1
Disclosure requirement
Headcount of employees by geographical areas
Section in the statement Page Description
Financial information, the
Group
112
Note 5 – Average number of employees
Phase-in provisions for the disclosure requirements New Wave Group has chosen to apply transitional provisions and the use of phase-in provision for the disclosure of requirements where applicable. This includes the phase-in provision stipulated by the following topical standards, all of which have been identified as material in the materiality assessment process: E4 Biodiversity and ecosystems, S1 Own workforce, S2 Workers in the value chain as well as S4 Consumers and end-users.
Information regarding targets, policies and actions related to each section is presented under each topical standard, E4 Biodiversity and Ecosystems, S1 Own Workforce, S2 Workers in the Value chain as well as S4 Consumers and end-users.
Governance
GOV-1: The role of the administrative, management and supervisory bodies New Wave Group’ s governance structure consists of the Board of Directors( the“ Board”), the Audit Committee, Group Management, and the Sustainability Department, where the Board holds the ultimate responsibility.
The Group’ s Board consists of eight members, with a gender distribution of 1:1( four women and four men). Two members( 25 %) are executive directors. As CEO and majority owner of New Wave Group, Torsten Jansson is not considered independent in relation to the Group, Group Management, or the major shareholders. Pernilla Jansson is also not considered independent, as she is employed by the Group and is the daughter of Torsten Jansson. The remaining six members( 75 %) are regarded as independent of the Group, Group Management, and the Group’ s major shareholders. The Board currently has no employee representatives.
The members of the Board possess broad experience and expertise in product development, corporate management, technology, finance, compliance, business ethics, law, and sustainability matters gained through their current and previous appointments. There are currently no specific responsibilities related to impacts, risks, or opportunities assigned within the mandates of the Board members. The Board’ s combined competencies are considered adequate with respect to environmental, social, and business ethics matters, as well as for the assessment of the Group’ s impacts, risks, and opportunities. The Nomination Committee regularly evaluates the competency level, including aspects related to sustainability matters. The Board of Directors engages internal experts and external specialists to assess specific issues when needed and continues to strengthen its competencies regarding sustainability matters and related risks and opportunities.
The Group has a CSR and Sustainability Manager, as well as a Sustainability Supply Chain Manager, which is responsible for sustainability within the supply chain and possesses expert knowledge in relevant areas. These roles are primarily responsible for managing the material impacts, risks, and opportunities related to the Group’ s operations. In addition,
034 // ANNUAL REPORT