NWG // SUSTAINABILITY STATEMENT
contribute positively to the local communities affected by activities in the value chain, as well as to ensure respect for human rights.
Actions and resources for biodiversity and ecosystems Biodiversity is closely connected to other environmental aspects, such as climate change, water management and pollution. Activities across all these areas are required to limit biodiversity loss, and these are described under E1 Climate Change, E2 Pollution, and E3 Water and marine resources. The activities are ongoing and form part of the Group’ s systematic chemical management, supplier monitoring and the introduction of more sustainable materials and products; therefore, no specific end dates have been set.
These activities are referred to in the statement as " actions ", although they do not meet the definition of an " action " under the ESRS. Going forward, the Group intends to define more structured measures together with more developed targets.
New Wave Group continue to explore new solutions and partnerships to further reduce our impact on biodiversity. Future measures include strengthening biodiversity requirements in our supplier codes of conduct, increasing the use of certified more sustainable materials, such as organic cotton and recycled textiles, and collaborating with external experts and research institutions to assess and enhance ecosystems in the areas where we or our suppliers operate.
The actions cover the entire value chain, both upstream and downstream, and are expected to contribute to limiting biodiversity loss. 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).
Targets related to biodiversity and ecosystems Specific, measurable and time bound targets related to biodiversity and ecosystems have not yet been established. This is partly due to challenges in measuring actual impacts, and partly due to ongoing efforts 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 biodiversity, supplier audits and environmental assessments are carried out- with a focus on climate change, water management and chemicals- within the Amfori BSCI and BEPI frameworks.
Processes for measuring the effectiveness of policies and measures related to biodiversity and ecosystems have not yet been established.
Impact metrics related to biodiversity and ecosystems change New Wave Group does not have any facilities located in areas with sensitive biodiversity. However, the Group has identified upstream establishment of new production units( suppliers) as a potential direct driver of impact, as such establishments may affect land and water use. The Group does not report metrics on impacts related to changes in biodiversity and ecosystems, as the material impacts, risks and opportunities primarily originate from the value chain rather than from the Group’ s own operations.
ANNUAL REPORT // 073