Sustainability Report
NWG // SUSTAINABILITY REPORT
Board of Directors ' report
The Board of Directors and CEO of New Wave Group AB( publ), 556350-0916, based in Gothenburg, hereby submit the financial statements and consolidated financial statements for the financial year 1 January 2024 to 31 December 2024.
New Wave Group is a growth company that creates, acquires and develops brands. Our brands are categorized into three operating segments: Corporate, Sports & Leisure and Gifts & Home Furnishings. The Group will achieve synergies by coordinating the design, purchasing, marketing, warehousing, and distribution of the product range. To ensure good allocation of risks, the Group will offer its products in the promo market and the retail market.
New Wave Group’ s competitiveness lies primarily in its strong brands, considerable expertise, high level of service, and a well-developed overall concept. Products are primarily manufactured in Asia, and to a lesser extent in Europe. Thanks to its relative size, New Wave Group has good purchasing prices and efficient logistics. The Group’ s most well-known wholly-owned brands include AHEAD, Auclair, Clique, Cottover, Craft, Cutter & Buck, D. A. D, J. Harvest & Frost, James Harvest Sportswear, Jobman, Kosta Boda, Orrefors, PAX, Projob, Sagaform, Seger, Tenson and Toppoint.
Sustainability Report
For many years, New Wave Group has reported on Corporate Social Responsibility( CSR) and sustainability in a separate sustainability report based on applicable GRI standards. In 2024, the company began developing its process for adapting to and implementing EU’ s new sustainability reporting standards, ESRS( European Sustainability Reporting Standards), under the EU directive CSRD( Corporate Sustainability Reporting Directive).
As part of this work, the sustainability reporting has been incorporated into the annual report with the ambition to align with the structure of the upcoming standard.
This year’ s report is prepared in accordance with the Swedish Annual Accounts Act( ÅRL) according to the older version before July 1, 2024, and covers the financial year 2024-01-01 to 2024-12-31.
General Disclosures
General basis for preparation
The sustainability report is prepared at the consolidated level for New Wave Group AB and includes all subsidiaries, which are the same as in the financial report. The report describes the sustainability work of the New Wave Group and covers matters relevant to the company’ s value chain, such as climate, environment, working conditions, and respect for human rights.
The content reflects aspects prioritized highly from an impact perspective and considers issues deemed significant by the company’ s stakeholders, combined with employees’ expertise and New Wave Group’ s overall business strategy. This includes information on significant impacts, risks, and opportunities associated with direct and indirect business relationships both upstream and downstream in the value chain. Policies, actions, and goals primarily focus on the earlier stages of the value chain and the company’ s own operations, where the impact is greatest.
Greenhouse gas data points are reported according to the Greenhouse Gas Protocol, GHG Protocol. Where actual data points are not available, estimates and assessments are used. Any estimates and assessments are always described in connection with the reported data points and are regularly reviewed based on experience, changes in reporting, and improved data quality. Any recalculations of data are also described in connection with the reported key figures.
ANNUAL REPORT // 059