New Wave Group Annual Report 2025 2025 | Page 41

NWG // SUSTAINABILITY STATEMENT
The indicator and criteria are reviewed annually in connection with the Group’ s sustainability reporting. Simultaneously, a follow-up is also conducted of products that meet the established criteria. The follow-up is based on product and item data. Revisions to the criteria may occur, for example, in response to updated market or customer requirements, or the development of new certifications or industry standards. Potential revisions are prepared by the Sustainability Department and decided by Group Management.
Although the number of products with sustainability attributes has increased significantly in line with market trends, the percentage outcome relative to the total number of active products within the Group is lower than expected. This is largely due to uncertainty regarding the estimates about how many active products exist within the Group, as well as the presence of many older products in stock.
The formulation of targets beyond 2025 is currently under revision in order to clarify the focus on ensuring that new products have one or more sustainability attributes. The purpose is to provide a more accurate representation of the Group’ s transition towards a higher share of products with sustainability attributes.
SBM-2: Interests and views of stakeholders New Wave Group maintains an ongoing dialogue with stakeholders to ensure efficient engagement and to take their interests and views into account when designing or revising the Group’ s sustainability strategy and associated targets. The table below provides an overview of the Group’ s key stakeholders, how they are engaged and how important interests and views are considered. Reoccurring contact with relevant stakeholders and their views are included in routinely reporting to Group management and the Board as a part of the double materiality assessment process. The results are used, among other things, as one of several contributions to New Wave Group’ s overall strategy.
Stakeholder group Stakeholder Channels for dialogue Key matters for stakeholders
Owners Defines New Wave Group’ s mission and influences the Group’ s strategic direction
- Funds and financial institutions- Private shareholders
- Annual General Meeting- Individual meetings- Analyst reports
- Tax and social ethics- Product quality- Attract and develop employees- Communication and marketing
Customers Influences New Wave Group’ s revenues and reputation in the market
- Retailers- Retail sector- End consumers
- Customer surveys- Market councils- Individual meetings- Social media
- Product quality- Sustainable products and circularity- Traceability and transparency- Supply chain control- Providing information that can support the purchase of more sustainable products
Own workforce Implements and develops the operational work within New Wave Group
- All employees in all subsidiaries- Consultants and contractors
- Daily interaction- Staff meetings- Employee meetings- Employee surveys
- Customer satisfaction and product quality- Employee performance review and feedback- Work environment and working conditions- Equality- Knowledge and training- Anti-corruption and business ethics
Suppliers Affects the market’ s perception of the Group’ s products and service
- Suppliers involved in the production of products, the majority whom are located in Asia
- Service providers, such as property owners, cleaning services and transport operators
- Other business partners, for example in administration, communication and marketing services
- Sourcing offices- Individual meetings- Supplier audits
( manufacturing suppliers)
- Product quality- Long-term business relationships- Anti-corruption and business ethics- Work environment, working conditions and health- Chemicals and product safety- Energy use and energy sources
Community Influences external expectations of New Wave Group
- Advocacy organizations- Collaboration partners- Politicians- Decision-makers- Trade unions
- Presentations at seminars and other gatherings- Membership in industry organizations- Individual meetings- Collective bargaining agreements
- Climate impact- Sustainable products and circularity- Traceability and transparency- Chemicals and product safety- Anti-corruption and business ethics- Work environment, working conditions and health- Supply chain control
ANNUAL REPORT // 041