NWG // SUSTAINABILITY STATEMENT
found in the Supplier Handbook. Further detailed description can be found under E1-2: Policies related to climate change mitigation and adaptation.
The Supplier Handbook includes, among other elements, references to codes of conduct, quality requirements, water management requirements, and the Restricted Substance List( RSL). These requirements include obligations related to wastewater treatment for suppliers that generate industrial wastewater, as well as chemical requirements designed to prevent water discharges caused by chemical substances. Suppliers must also comply with the water management provisions set out in the codes of conduct under the Amfori BSCI and BEPI frameworks.
The CSR and environmental policy established a commitment to reducing water consumption, but it does not currently relate to areas with water related risks, such as water stress or water scarcity. However, the Supplier Handbook applies to all regions in which the Group conducts purchasing activities, including areas exposed to risks of water stress and water scarcity.
New Wave Group has, at present, not adopted specific policies or procedures relating to sustainable oceans and seas.
E3-2: Actions and resources related to water resources New Wave Group have, during the reporting year, not defined any targets but focused on a number of key actions related to water management and pollution caused by chemical discharges, related to production taking place in areas with water related risks, that contribute to achieving the purpose of the CSR and environmental policy.
These activities are ongoing and form part of the Group’ s systematic supplier monitoring processes and the introduction of more sustainable materials and products, and therefore no specific end dates have been set. In the report, these activities are referred to as " actions ", although they do not meet the ESRS definition of an " action ". The Group intends to define more structured actions together with more developed targets going forward.
Actions:
# Requirement for water treatment for suppliers that generate wastewater.
The actions apply to upstream suppliers and support continuous improvements in water management. These actions are expected to therefore promote water quality and reduce the dependence on primary water sources among suppliers that generate industrial wastewater.
The Group has yet to implement specific action plans for areas with significant water related risks but intends to do so in the coming years. No key actions have been taken during the reporting period to provide remediation, as the procedures for such remediation have not yet been established.
The implementation of the actions does not require significant operating expenditure( OpEx) or capital expenditure( CapEx).
E3-3: Targets related to water and marine resources New Wave Group has established general ambitions to develop more extensive and stricter requirements for water management and water consumption throughout the value chain. However, no specific, measurable, and time bound targets directly related to water resources or marine resources have been set. This is due to ongoing work to improve data collection and data quality to ensure that future targets are relevant, measurable, and linked to actual impacts. Targets are planned to be established in the coming years.
To monitor the effectiveness of policies related to water resources and marine resources, audits and environmental assessments are conducted, both internally and by third parties, within the Amfori BSCI and BEPI frameworks.
Processes for measuring the effectiveness of policies and measures related to water resources and marine resources have not yet been established.
E3-4: Water consumption New Wave Group’ s most significant water related impacts arise primarily within the value chain rather than in the Group’ s own operations. Water consumption in the Group’ s own operations therefore represents only a small share of the total potential water consumption and is not considered material to the Group’ s overall environmental impact. Considering this, the Group does not report water consumption directly attributable to its own operations but instead focuses on the parts of the value chain where impacts are most significant.
# Regular audits and environmental assessments of suppliers are conducted within the Amfori BSCI and BEPI frameworks, in which water management forms part of the assessment
# Increase the share of products manufactured using methods that reduce water consumption and unnecessary washes during dyeing processes, such as solution‐dyed polyester.
ANNUAL REPORT // 071