Material impacts, risks and opportunities related to climate change |
Related policy considering the management of material impacts, risks and opportunities associated with climate change |
The policy is described in detail in the relevant section of this report. |
Key activities |
Impact – Climate impact from production |
CSR and Environmental policy:- In the section Reduced climate Impact – emissions, water and biodiversity, the climate impact from production is considered. The section emphasizes a primary focus on improved energy efficiency and the transition to renewable sources in collaboration with the Group’ s suppliers.
- In the section Efficient use of natural resources, the climate impact from production is taken into consideration. The section highlights that improved efficiency will lead to reduced environmental impact, sound cost control, a strong corporate reputation, and an attractive product range.
- In the section More preferred fibers and materials, the climate impact from production is considered. The section emphasizes a transition towards more preferred fibers and materials in order to consistently achieve reduced impact and increased benefits for the climate, nature and people compared with conventional alternatives.
Adopted supplier Codes of Conduct( Amfori)
- Principles for exercising due diligence with respect to human rights and environmental protection in global supply chains. This includes, among other requirements, effective management practices relating to energy use, emissions and pollution.
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E1 page 60
E1 / S2 page 60 / 83
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Environmental risk assessments and supplier audits( amfori BEPI).
Develop climate transition plans together with suppliers.
Increase the share of products and packaging made from recycled and more sustainable materials.
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Supplier Handbook
- Instructions and requirements for manufacturing suppliers. These include, among other things, requirements for suppliers and sub suppliers regarding information on product origin, reference to Codes of Conduct, compliance with the Restricted Substance List, requirements on water management, quality requirements, and testing manuals.
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E1 page 60 |
Impact- Upstream energy consumption |
CSR and Environmental policy:- In the section Reduced climate impact – emissions, water and biodiversity, the climate impact from upstream energy consumption is considered
Adopted Supplier Codes of Conduct( Amfori)- Requirements for effective management practices relating to energy use and emissions.
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E1 page 60
E1 / S2 page 60 / 83
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Refer to the section above on climate impact from production. |
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Risk / opportunity – Shift of market and technology
Risk / opportunity – The Group’ s reputation
Risk / opportunity- Legalislation
Risk- Physical risk
Risk- Measurability
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CSR and Environmental policy:- Central to the sustainability strategy and business development, and therefore indirectly considers material risks and opportunities.
Risk Policy- Considering the Group’ s risk management
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E1 page 60
S1 / G1 page 78 / 89
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Refer to the section above on climate impact from production.
Implementation of system support for managing products and supplier data.
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