Sustainability is an integral part of our strategy and our day-to-day business, and Nolato’s capabilities in offering sustainable solutions generate increased value for stakeholders and create business benefits.
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Glenn Svedberg
Group Sustainability & Technology Director
SUSTAINABLE DEVELOPMENT
Commitments and awards
Nolato's sustainable development strategy
Nolato’s sustainable development strategy is an integral part of Nolato’s overarching strategy for profitable growth and is based on the Global Compact and the UN Sustainable Development Goals. It is focused on addressing challenges in the near future, while equipping ourselves to respond to future expectations and requirements.
UN Global Compact
In 2010, Nolato endorsed the UN initiative for responsible business conduct, the Global Compact. Through the Global Compact, Nolato endorses ten basic principles in the areas of human rights, labor, the environment and anti-corruption. In 2016, Nolato linked its Group targets to the UN Sustainable Development Goals.
About United Nations Global Compact
UN Global Compact is a call to companies everywhere to align their operations and strategies with ten universally accepted principles in the areas of human rights, labour, environment and anti-corruption, and to take action in support of UN goals.
The Sustainable Development Goals presented by the UN in 2015 are now also connected to the Global Compact.
Science Based Targets Initiative
During 2023 Nolato developed science-based climate ambition targets and submitted these to SBTi for validation. In 2024 Nolato´s near-term targets was validated and approved by SBTi.
About the Science Based Targets initiative
The Science Based Targets initiative (SBTi) is a partnership between CDP, the United Nations Global Compact, World Resources Institute (WRI) and the World Wide Fund for Nature (WWF). The SBTi enables businesses to set ambitious emissions reductions targets in line with the latest climate science. It is focused on accelerating companies across the world to halve emissions before 2030 and achieve net-zero emissions before 2050.
EcoVadis
In 2022, Nolato decided to pursue a group-level assessment of Nolato AB group. As all Nolato companies at minimum follow the group guidelines they are covered by the group assessment. The first assessment on group level, 2022, resulted in a Bronze Medal and the assessment 2023 resulted in an improved rating to Silver Medal. Now 2024, only two years after our first assessment, Nolato has been awarded a Gold rating, placing us in the 96th percentile, among the top 4% of companies evaluated.
About EcoVadis
EcoVadis are one of the world’s largest and most trusted providers of business sustainability ratings.
Carbon Disclosure Project (CDP)
Nolato has been reporting according to CDP since 2015 and reports all three different areas of focus; i.e. Climate Change, Forests and Water Security. In the 2023 evaluation Nolato improved the rating with two levels from C to B in Climate Change. Nolato holds the ranking C in Water Security.
About the Carbon Disclosure Project (CDP)
CDP is an independent sustainability index that analyses environmental impacts from over 18 000 companies each year. The companies that report their sustainability work to CDP are assessed on disclosure, awareness and management of risks and opportunities.
GRI-Reporting
According to GRI requirements, Nolato publishes an index that indicates the use of the standards and disclosures included in the sustainability report. The sustainability report is presented in Nolato's Annual report, where the complete GRI index register can be found.
About GRI
The Global Reporting Initiative (known as GRI) is an international independent standards organization that helps businesses, governments and other organizations understand and communicate their impacts on issues such as climate change, human rights and corruption.
About GRI
The Global Reporting Initiative (known as GRI) is an international independent standards organization that helps businesses, governments and other organizations understand and communicate their impacts on issues such as climate change, human rights and corruption.
MSCI AA-rating
In 2022, Nolato AB received a rating of AA (on a scale of AAA-CCC) in the MSCI ESG Ratings assessment.
About MSCI
MSCI ESG Ratings aim to measure a company’s management of financially relevant ESG risks and opportunities. They use a rules-based methodology to identify industry leaders and laggards according to their exposure to ESG risks and how well they manage those risks relative to peers.
Nasdaq ESG Transparency Partner
Nolato, listed at Nasdaq Stockholm, has transparently been reporting ESG metrics and results on Nasdaq ESG Database Portal and therefore been certified as a ‘Nasdaq ESG Transparency Partner’.
The certificate is given to companies with a high level of transparency to their present and future investors when it comes to Environmental, Social and Governance issues (ESG).
Sustainable Companies report
In the overall 2023 ranking following the “Sustainable companies”, conducted by Lunds University, Nolato was awarded an honorable 7th place among 130 companies at Nasdaq Stockholm. The companies are categorized into sectors, with "Capital Goods," including Nolato, representing the largest sector with 42% of the reviewed companies (55 companies). In this sector, we proudly secured 2nd place.
About the report
In collaboration with Dagens industri and Aktuell Hållbarhet, Lund University in Sweden has for the sixth consecutive year conducted a comprehensive review of sustainability efforts across 130 listed companies. The aim with the report is to review the companies' ambitions, achievements, and priorities. The findings, insights, and conclusions of this report have been documented, with this year's emphasis placed particularly on CSRD and biodiversity as well as climate change mitigation. Read more.
About the report
In collaboration with Dagens industri and Aktuell Hållbarhet, Lund University in Sweden has for the sixth consecutive year conducted a comprehensive review of sustainability efforts across 130 listed companies. The aim with the report is to review the companies' ambitions, achievements, and priorities. The findings, insights, and conclusions of this report have been documented, with this year's emphasis placed particularly on CSRD and biodiversity as well as climate change mitigation. Read more.
Financial times
Europe's Climate Leaders 2024
Nolato is included in this list and proud to be named as a Climate Leader and appreciate that our commitment to combat climate change is recognized.
The list focuses primarily on businesses that have achieved the greatest reduction in their Scope 1 and 2 GHG emissions intensity over a five-year period (2017-22 for this edition). Scope 1 and 2 emissions — “core emissions” in the table — come respectively from a company’s own operations and from the energy it uses, while intensity is defined as tonnes of emissions of CO₂-equivalent per €1mn of revenue. Other factors are considered, too, such as companies’ transparency on Scope 3 emissions, which arise elsewhere in their value chains, and their collaboration with sustainability assessors, such as CDP and the Science Based Targets initiative (SBTi).
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