NWG // SUSTAINABILITY STATEMENT
GHG intensity per net revenue |
2025 |
Total GHG emissions( location-based) per net revenue( tCO 2 e / in SEK million) |
50 |
Total GHG emissions( market-based) per net revenue( tCO 2 e / in SEK million) |
50 |
Net revenue used to calculate GHG intensity( in SEK million)* |
10,019 |
* See Note 3 and Note 4 in New Wave Group’ s consolidated financial statements for 2025 for the net revenue amounts.
Calculation method for greenhouse gas emissions New Wave Group reports greenhouse gas emissions in accordance with ESRS 1 and considers the principles, requirements and guidance of the GHG Protocol Corporate Standard for emissions within Scope 1 – 3, as well as the GHG Protocol Corporate Value Chain Standard( 2011) for Scope 3 emissions. Emissions are quantified for the same reporting entities included in the Group’ s financial statements. Where operational control exists in addition to financial control, those emissions are included. Emissions from activities where operational control is absent are treated as part of the Group’ s upstream or downstream value chain and are reported under Scope 3. The Group has three associated companies, see Note 13 in the financial statements. These are assessed to have a marginal impact and have therefore not been included.
The collection, calculation and compilation of the Group’ s greenhouse gas emissions have been carried out using the sustainability reporting tool Worldfavor. The methodology is based on the GHG Protocol and applies activity data combined with emission factors provided in the tool. The emission factors in the tool are sourced from open‐source databases, primarily from DEFRA( UK Government GHG Conversion Factors for Company Reporting). The choice of tool and emission factors is justified by their standardization, alignment with industry practice and suitability for use in sustainability reporting. In the few cases where emission factors were not available in Worldfavor, factors were obtained from other credible sources.
An overview of the emission factors used, and their respective sources is presented in the table on page 67.
Reported greenhouse gas emissions are expressed in carbon dioxide equivalents( CO₂e) and include emissions of CO₂, CH₄, N₂O and other relevant greenhouse gases in accordance with the GHG Protocol. The calculations are based on emission factors already expressed in CO₂e and provided through the Worldfavor reporting tool. These emission factors include conversion of relevant greenhouse gases based on the latest published GWP factors( Global Warming Potential). The Group has therefore not performed its own conversions by gas type.
No Scope 1 – 3 calculations include carbon removals, sequestration, or purchased / sold carbon credits or allowances, as the Group does not engage in such activities.
Scope 1 Scope 1 emissions are based on activity data for non‐renewable fuels and are calculated per category as follows:
# Mobile combustion: Emissions from company vehicles based on vehicle type, kilometer driven and actual fuel consumption( petrol and diesel), using a combination of actual fuel consumption data and estimates.
# Stationary combustion: Emissions from own heat production using natural gas and oil. These are based on actual data on gas and oil consumption.
# Process combustion: Emissions from, for example, liquefied petroleum gas( LPG) and propane used in certain manufacturing processes( Orrefors Kosta Boda and Glasma AB).
Unintentional emissions have not been included, as the Group currently has no relevant sources.
The Group has no facilities covered by the EU ETS( European Union Emissions Trading System). Scope 1 emissions have therefore been calculated in accordance with the GHG Protocol.
Scope 2 Scope 2 emissions are based on activity data for purchased electricity, district heating, steam and district cooling. Actual consumption data have been used for district heating, steam and district cooling.
For electricity, actual consumption data have been collected for the premises where such data were available. For locations where actual data were not available, consumption has been estimated based on available information, such as the proportion of the building’ s total energy use in relation to the rented area, as well as billing documentation.
When reporting on Scope 2 emissions using the location‐based method, electricity‐related emissions are calculated using the average grid mix of the countries in which the Group operates. For district heating, steam and district cooling, generic emission factors have been applied due to the absence of country‐specific factors. The impact is considered marginal in relation to the Group’ s total Scope 2 emissions.
Of the Group’ s total indirect energy consumption, 42 % derives from certificates for renewable electricity, primarily attributable to entities in Sweden. When reporting Scope 2 emissions according to the market‐based method, the emission
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