Standard |
Description of material impacts related to the Group’ s strategy and business model and time horizons Short( S) / Medium( M) / Long( L) |
Actual( A) / Potential( P) Positive(+) / Negative(-) |
Where in value chain Upstream( U) / Own operations( O) / Downstream( D) |
Financial effects, risks, opportunities and time horizons Short( S) / Medium( M) / Long( L) |
Comments |
ESRS S1 Own workforce |
Impact – Health and safety metrics Office workers are at risk of musculoskeletal injuries, stress, and mental health issues, particularly in demanding or fast paced work environments. Warehouse workers and production staff may be exposed to physical risks such as heavy lifting, repetitive movements, noise, and inadequate workplace safety Time horizon: S, M, L
Impact – Psychosocial factors Cultural clashes or communication shortcomings in the decentralized organization may create uncertainty or conflict in the workplace. Expectations of high flexibility, especially in global roles, may negatively affect the balance between work and private life. Time horizon: S, M, L
Impact- Effects of external factors Pandemics, natural disasters, or economic crises may affect the health, safety, and job security of the workforce. Changes in technology and digitalization may require rapid adjustments and new competencies, which can be challenging for some employees. Time horizon: S, M, L
Impact- Inequality and differences Since New Wave Group’ s operations span multiple countries with different labor legislation and workplace cultures, there is a risk of unequal working conditions between subsidiaries and regions. This may affect employees’ perception of fairness and corporate culture. Insufficient harmonization of conditions between companies may create differences in access to resources such as training, healthcare, and employment benefits. Time horizon: S, M, L
|
A-
P-
|
O |
Risk- Recruitment and talent supply Difficulties in attracting and retaining qualified personnel in a competitive global labor market, which may affect wage levels. There is also a risk of skills shortages in certain regions or industries, which may affect productivity and the quality of operations. Financial effects also arise during periods of growth and when additional resources need to be employed. Time horizon: S, M
Risk – Compliance with labor laws Risk of unintentional violations of labor regulations in countries with complex or changing legislation, which may lead to legal and financial penalties. Difficulties in maintaining a consistent standard of working conditions and the work environment Time horizon: S, M, L
Risk / Opportunities- The Group’ s reputation Both risks and opportunities are linked to stakeholders’ trust in the Group and how the Group is perceived as an employer. For example, inadequate management of work environment issues may affect the Group’ s attractiveness to employees, which can lead to financial effects related to employee turnover and shortages of competence that instead must be hired externally. Conversely, strong performance can strengthen the Group’ s attractiveness and generate financial benefits. Time horizon: S, M, L
|
In identifying actual and potential impacts, the Group has considered all employees who may be materially affected across all types of companies.
Negative material impacts are primarily related to individual incidents in the work environment.
The Group has not identified any negative consequences or incidents related to child labor or forced labor in its own operations, as the assessment is that none of the Group’ s operations are at risk of this. Therefore, the Group has also not identified any countries or geographical areas where the operations are considered at risk.
The Group has also not identified any material impacts caused by transition plans.
The identified material impacts relate, in some cases, to specific groups. Physical occupational health and safety risks are mainly linked to warehouse and production staff, while psychosocial risks primarily affect office based roles. The operations also depend on key competencies within certain functions, which implies risks related to competence supply rather than to the entire workforce.
|
ESRS S2 Workers in the value chain |
Impact – Working conditions in the production chain The increased risk of negative impacts related to working conditions, equal treatment, forced labor, child labor, exposure to substances of concern, and other work-related rights is found upstream in the value chain, where production takes place in countries that have not progressed as far in these matters, largely due to poverty and inadequate welfare systems. Time horizon: S, M, L
Impact – Growth and employment Positive impact can be linked to employment opportunities for the local population( the textile industry is often described as the engine of a country’ s economic development). Time horizon: S, M, L
|
A-
P-
P +
|
U |
Risk – Increased costs for workers in the value chain Investments in efforts to improve working conditions in the global value chain, combined with higher wages in production countries, lead to increased production costs. Time horizon: S, M
Risk / Opportunities- The Group’ s reputation Both risks and opportunities are linked to trust in the Group and how its brands are perceived. For example, inadequate management of social responsibility in the value chain may affect stakeholder trust, which in turn can lead to reduced sales. Conversely, strong performance can strengthen the brand and provide financial advantages. Time horizon: S, M, L
|
In identifying actual and potential impacts, the Group has considered workers upstream in the supply chain for textiles and other products. Workers within upstream distribution in the value chain, or workers downstream in the value chain, have not been included in the consideration.
The Group has committed to ensuring good working conditions in its value chains and to cooperating with other parties to identify violations of workers’ rights. The Group collaborates with its suppliers of traded goods with the aim of creating supportive environments for working conditions, equal treatment, and other work related rights.
Other risks that may negatively affect workers in the value chain include global pandemics and natural disasters, which affect the entire value chain and create uncertainty regarding business relationships( see also results of the scenario analysis).
|