NWG // SUSTAINABILITY REPORT
Climate change Material impacts, risks and opportunities New Wave Group ' s business model and strategy – which is based on creating, acquiring and developing brands and products – implies a significant climate impact, mainly linked to emissions from the production of textiles and other products upstream in the supply chain. This impact is mainly related to the use of fossil fuels and emissions of greenhouse gases in the manufacture and processing of raw materials and products.
A smaller but still important part of the climate impact occurs during transportation of products, both upstream and downstream, as well as from company cars, purchased energy for own offices and warehouses, and from the use and waste phase of the products. In addition, packaging and waste management in the distribution chain can contribute to additional emissions.
A general challenge / risk is access to, and management of, data and information to be able to measure and report relevant information.
Risks and opportunities linked to climate change can be divided into transition risks and physical risks. The main identified risks and opportunities are described on the next page, analyzed using scenario analysis in the short term( one to three years), medium term( within ten years) and long term( within thirty years).
068 // ANNUAL REPORT