NWG // SUSTAINABILITY REPORT
Disclosures on the materiality assessment process Description of the processes to identify and assess material impacts, risks and opportunities In 2024, New Wave Group began developing its materiality analysis process to comply with CSRD / ESRS, which focuses on significant impacts and sustainability-related consequences of our operations and value chain.
In the initial step, a list of sustainability topics and subtopics was created, based on ESRS1, as a framework for defining the analysis plan. For each subtopic, an overview was compiled of the impacts on people and the environment associated with New Wave Group’ s activities and value chain, as well as the risks and opportunities for each sustainability topic.
Using categorization into four levels- low, medium, high and very high, the impacts were assessed in terms of scale, scope, and irremediability to determine severity and likelihood. An impact was deemed material if the company has an actual or potential effect on people or the environment related to that impact. An impact is also considered material if it triggers financial effects on the company that are likely to influence its future revenues.
The assessment primarily focused on impacts, risks, and opportunities upstream in the production of textiles and other products, where we see the greatest impact. Most of New Wave Group’ s products are manufactured by external suppliers, commissioned by us, and located mainly in Asia. These suppliers often operate in countries characterized by challenges such as poverty and inadequate welfare systems, which increase the risk of negative impacts in several sustainability areas.
In Sweden, some glass production occurs through Orrefors Kosta Boda AB, as well as glass pellets for glass manufacturing through Glasma AB. This production is deemed significant primarily concerning issues related to pollution and is therefore addressed under the section on pollution.
For climate-related risks and opportunities, a climate scenario analysis was conducted. More detailed information on significant impacts, risks, and opportunities is provided under the reporting of respective sustainability areas.
To verify the results, dialogue was conducted with key stakeholders such as ESG experts within our organization, customers, industry peers, and networks in which New Wave Group participates. The assessment is also based on external reports, legislation, and frameworks. Identified material impacts, risks, and opportunities were discussed and approved by the management team and the Board of Directors.
Environmental information
EU taxonomy
Work has been done to map economic activities and / or sectors that could be classified as environmentally sustainable in accordance with the EU Taxonomy, a classification system establishing a list of environmentally sustainable economic activities. New Wave Group works systematically for sustainability and continuous improvement in the industry we operate, but our conclusion is that the Group currently has no financial activities or sectors to report as aligned with the Taxonomy.
Currently, the EU Taxonomy Climate Delegated Act does not cover sectors in which New Wave Group operates. Economic activities for our industry are therefore not classified as Taxonomy-eligible with regard to the first two environmental objectives- climate change mitigation and climate change adaption. Neither has New Wave Group identified other material( non-business related) activities considered to be eligible for CapEx and OpEx reporting according to the regulation.
Accounting principles Total turnover corresponds to net sales in the Group ' s income statement in the financial report. CapEx corresponds to expenditures for tangible fixed assets in the Group ' s cash flow for the year. OpEx corresponds to our external costs and personnel costs in the Group ' s income statement for the year.
Assessment of eligibility and alignment Based on the analysis conducted, neither total turnover, CapEx, nor OpEx are considered to fall within the scope of the Taxonomy. Consequently, no Taxonomy-aligned activities have been reported.
Percentage of Taxonomy-eligible activities as share of
OpEx 0 %
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