9 Introduction
1
Raw materials
Design & product development
Production
Reuse & recycling Transportation
Usage Resellers
Waste
INCREASED REQUIREMENTS FOR TRANSPARENCY AND REPORTING With what is happening in the public debate with an increased focus on sustainability challenges , expectations and requirements on companies are also increasing . This is not at least seen through legal requirements such as mandatory sustainability reporting in the EU , energy mapping in large companies in Sweden and more strict requirements in public procurement . It is clear that sustainability reporting is a driving factor for companies ’ sustainability work and that the business sector is an important piece of the puzzle to meet the Global Goals for sustainable development .
A next step in the European Commission ' s action plan for sustainable growth involves an adaptation to a common sustainability taxonomy for financial actors , the so-called EU Taxonomy . The Taxonomy is a tool to classify which investments are environmentally sustainable or not . The purpose is to ensure that the financial sector have common guidelines for which investments are to be called environmentally sustainable . In the long run , this means that the financial investors will place higher requirements on the non-financial companies , such as New Wave Group , on the degree of sustainability in the companies based on the Taxonomy . New Wave Group will be required to report from the financial year 2021 and has begun work on reviewing how our reporting and policies are affected and whether we have the data needed .