New Wave Group Sustainability Report 2023 | Page 22

22 Initiatives and engagements
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RISK ASSESSMENTS AND ACTIONS IN THE SUPPLY CHAIN Extending the lifespan by two and simultaneously producing garments using renewable energy results in a combined reduction in climate impact of 67 %. In other words , energy is a critical aspect of the transition and reduction of our emissions in scope 3 . Therefore , we put a lot of focus on energy use and energy sources among our suppliers .
Different countries and suppliers have varying conditions regarding the type of renewable energy available , and the investments required . Currently , much of the focus is on raising the issue in discussions to explore possibilities and involving suppliers in education on emissions and energy use . New Wave Group ' s purchasing strategy is a strength as dialogue occurs directly with the manufacturing supplier , without agents or intermediaries . Direct purchases of fabrics are also made to a large extent , where a significant part of the impact lies .
Furthermore , we have started working with amfori BEPI ( Business Environment Performance
Initiative ) for environmental risk assessments of suppliers . The framework helps us identify key environmental issues in the supply chain to effectively identify and manage potential risks .
In addition to energy use and emissions , water usage , biodiversity , and chemicals are central issues , especially in the textile value chain where water and chemical usage are significant , and everything from raw material production to yarn production and transportation affects the environment and , consequently , biodiversity . Measures include requirements for all business partners generating industrial wastewater to be connected to a treatment plant , transitioning to preferred materials such as solutiondyed polyester , and proactive chemical work .
EDUCATION AND KNOWLEDGE SHARING In addition to extended product lifespan and renewable energy in production , adding a consumer who cycles or walks to the store instead of taking the car results in a total reduction in climate impact of 78 %. Hence , it ' s clear that a system change is needed among both producers and consumers . We play a vital role in actively working to spread knowledge and information about sustainable consumption and include this as a natural part of collaboration and communication with stakeholders , including through training and lectures both internally and externally .
Amfori BEPI ( Business Environmental Performance Initiative ) key environmental performance areas .