NWG // SUSTAINABILITY STATEMENT
factor for this electricity has been set to 0 tCO₂e per MWh. For non‐certified electricity in Sweden, the Nordic residual mix has been applied. For other countries, residual mixes have not been available; therefore, location‐based emission factors have been used. General emission factors have also been applied for district heating, steam, and district cooling, as contractual instruments are not available. Consequently, the market‐based method has no impact on Scope 2 emissions for these energy sources.
Scope 3 New Wave Group has selected specific Scope 3 categories, primarily based on the estimated magnitude of greenhouse gas emissions associated with each category. This has been complemented by input from relevant stakeholders, including insights from experienced employees at Worldfavor and experience from the subsidiary Craft’ s climate reporting to STICA( Scandinavian Textile Initiative for Climate Action), which involved support from experienced third‐party consultants.
20 % of emissions have been calculated using primary data.
The following categories are included in the calculations:
# Category 1: Purchased goods and services Emissions from the purchase of commercial goods as well as non‐production‐related purchases were calculated using weight, product type and / or material. Data on purchased goods by product type were collected through each subsidiary’ s business systems. Packaging materials and non‐production‐related purchases were calculated using a combination of invoice data and estimates. To avoid double counting, intra‐group transactions were excluded, and only the concepts’ purchases of commercial goods were included in the consolidation.
Scope 3 Category 1 emissions( tons CO₂‐equivalent) are subject to a high degree of measurement uncertainty. This measurement uncertainty primarily stems from the extensive use of generic emission factors. It is further reinforced by incomplete supplier information, gaps in internal business systems, and simplified assumptions regarding material composition, particularly for textile materials. These assumptions may affect the precision of reported emissions and comparability over time. Work is underway to gradually improve productand supplier‐specific data to enable more detailed and reliable calculations going forward.
# Category 3: Fuel‐ and energy‐related activities Emissions from fuel‐ and energy‐related activities include lifecycle emissions associated with direct fuel use and indirectly purchased energy, that is, emissions from the production and distribution of the fuels and energy that generate the direct emissions reported within Scope 1 and Scope 2. The same activity data used for calculating Scope 1 and Scope 2 emissions form the basis for this category, but with different emission factors reflecting upstream emissions.
Country‐specific upstream factors were not available for all operating countries; therefore, generic emission factors were applied. For upstream emissions from purchased electricity, the UK factor was used as a proxy. The impact is considered marginal relative to the Group’ s total Scope 3 emissions.
# Category 4: Upstream transport and distribution This includes long‐distance transport from manufacturing suppliers to warehouses. It also includes outbound transport from warehouses to customers and other Group companies purchasing such services; these are categorized as upstream because they represent purchased services. Emissions were based on weight data obtained from logistics partners and estimates of average distances based on transport routes.
# Category 5: Waste generated in operations Emissions from waste were calculated using weight and waste type, as well as whether the material was recycled or not. Data were collected from waste management partners where available and combined with estimates.
In order to reduce the disproportionate reporting of very marginal waste streams, for example from office‐based operations, a threshold of 0.5 tons per subsidiary and year was applied. Consequently, ten subsidiaries reported no waste volumes. Their combined waste generation therefore amounts to no more than 5 tons, representing less than 0.2 per cent of the Group’ s total waste volume, and is assessed to have a negligence impact.
# Category 6: Business traveling Emissions from business travel were calculated using data from travel agencies and internal expenses and travel reports, based on mode of transport and distance. Average distances were assumed. Emissions from hotel stays were calculated using the number of nights and an average emission factor, without country‐specific adjustment.
The following categories were excluded because they were assessed as not applicable to the business, of limited significance, or lacking reliable data:
# Category 2: Capital goods # Category 7: Employee commuting # Category 8: Upstream leased assets # Category 9: Downstream transportation # Category 10: Processing of sold products # Category 11: Processing of sold products # Category 12: End-of-life treatment of sold products # Category 13: Downstream leased assets # Category 14: Franchises # Category 15: Investments
066 // ANNUAL REPORT