16 About the report and sustainability work

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In order to realize our sustainability strategy and vision to maximize our contribution to globally agreed goals for sustainable development , we have defined strategies , policies and goals . Here are our most important sustainability goals .

CLIMATE IMPACT AND EMISSIONS According to the GHG Protocol , a company ' s emissions are divided into three scopes . Scope 1 includes emissions occurring in the company ' s own operations ( direct ), such as fuel combustion and emissions from vehicles the organization owns or controls . Scope 2 encompasses emissions ( indirect ) from purchased electricity , steam , heat , and cooling . Scope 3 concerns other indirect emissions , including from purchased materials , product use , waste management , business travel , etc ., that the organization does not own or control .

In previous years , New Wave Group has partially mapped emissions according to the GHG Protocol for scope 1 and 2 , as well as for long-distance transportation in scope 3 . For the year 2023 , a more comprehensive mapping has been conducted for the first time using Worldfavor ' s emission calculator . The mapping provides us with an understanding of our emissions , but challenges such as access to quality data in a global value chain , uncertainty about calculation methods , and aggregation of data at the group level persist . We are aware that improving the quality of the data must occur gradually .

Goal formulations are under discussion in the Group ' s Board and Audit committee . The ambition is to present the goals in connection with transition to reporting according to ESRS .

SCOPE 1

Direct emissions from own facilities and company operated cars .

SCOPE 2

Indirect emissions from purchased electricity and district heating .

SCOPE 3

Indirect emissions from business travel , purchased goods and services and transportation .

Emissions ton CO2e

Scope 1 ( 1 % of total ) 2 849 Company cars ( owned or leased ) 1 245

Delivery vehicles ( owned or leased ) 248 Fuel 1 356 Scope 2 ( 1 % of total ) 4 096

Scope 3 ( 98 % of total ) 352 433 Business travel 10 606 Purchased goods and services ** 323 859 Transportation and distribution *** 17 968 Total CO2e ( t ) emissions 359 378 Total CO2e ( t ) emissions / SEK million 38

2023 Goal Comment

Formulation of goals are under discussion in the Group ’ s Board and

Audit committee .

Mapping of emissions according to the GHG protocol has been done by the respective subsidiary using Worldfavor ’ s emission calculator .*

* Emissions factors in the Worldfavor tool have been collected from open-source databases , mainly from DEFRA .

** To avoid double reporting from intra-group transaction , where the brand owning subsidiary sells to a sister company , only products purchased by the brand owning subsidiary and external purchases by B . T . C . Active Wear Limited have been included in the consolidation .

*** Some double reporting may occur due to difficulties in calculating intra-group transactions .