Nolato’s long-term sustainable development targets cover social responsibility, environmental responsibility and responsible business conduct.
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Glenn Svedberg
Group Sustainability & Technology Director
SUSTAINABLE DEVELOPMENT
Targets for sustainable development
The Group has 10 long-term sustainable development targets, based on Nolato’s overarching strategy and business. These are integral to Nolato’s sustainability strategy and linked to the UN Sustainable Development Goals and the Paris Agreement.
Nolato - We support the Sustainable Development Goals
The UN presented its Sustainable Development Goals (SDGs) in 2017, as part of its 2030 Agenda for Sustainable Development. The 17 goals provide a clear and useful framework for addressing global challenges, and they have had a huge impact on society. Businesses are expected to contribute by adopting responsible business practices, providing transparent reporting of their own targets and outcomes and developing products and services that foster sustainable development. The UN Sustainable Development Goals help Nolato identify key areas within sustainable development, and the Group has highlighted ten targets that are clearly relevant to our business. With these targets as a starting point, Nolato can see opportunities to reduce our environmental impact and create business opportunities.
Minimizing Nolato’s use of resources and its carbon footprint is key to achieving our targets. We accomplish this by working with innovation, efficiency improvements, investments in new technology, greater use of renewable energy, and initiatives focusing on bio-based and recycled plastics. The UN Sustainable Development Goals also provide inspiration for measures on social responsibility, social engagement and business ethics.
Social responsibility
Nolato has a long-standing tradition of taking responsibility and creating value for society. Value creation is found particularly in the number of jobs we generate via our global operations, and the sustainable solutions we offer our customers, but also in the active engagement we pursue in the local communities in which we have a presence. Our value creation is built on our responsibility, which is also one of the Basic Principles detailed in The Nolato Spirit. Applying sound business ethics, protecting our employees’ safety and respecting human rights makes us a good employer, a responsive cooperation partner and a considerate corporate citizen.
Safe workplaces
TARGET
- No-one should be injured at work, and the number of workplace accidents must be minimized.
MEASURES TO ACHIEVE TARGET
- Systematic and preventive safety work with relevant and regular training.
- Systems for registering and managing near misses should be in place at all units.
OUTCOME IN 2024
- 7.2 (6.4) accidents resulting in absence per million hours worked (LTAR).
- Systems for recording near misses are in place at 97 % (97 %) of units and there are certified health and safety systems in place at 9 (7) units.
Human rights and gender equality
TARGET
- There should be no cases of infringements of human rights, discrimination or forced labor.
- The proportion of women in management positions should increase at all levels of Nolato.
- Nolato should be regarded as an attractive employer.
MEASURES TO ACHIEVE TARGET
- Zero tolerance of all forms of discrimination and harassment. No infringement of human rights or cases of child or forced labor are permitted. Code of Conduct training for all employees. Information about Nolato’s values, corporate culture and Code of Conduct are part of the onboarding process for all employees.
- Female candidates should be prioritized for management appointments in cases of equal skills and suitability.
- Continual provision of information to employees via various channels, such as quarterly or departmental meetings, staff newsletters and intranet. Training for employees’ personal development. Prioritization of in-house recruitment for new positions.
OUTCOME IN 2024
- No cases of infringements of human rights were recorded.
- Women make up approximately 27% (29) of local management teams, of which 2 (2) subsidiaries have a female managing director.
- 67% (66 %) of Nolato’s employees had a documented employee appraisal. 25.3 (23.3) hours of training time per employee.
Environmental responsibility
Being a responsible company essentially means that we take responsibility for how our entire business affects our operating environment, both now and in the future. It starts with how economical we are with our use of resources, so that our operations and production are conducted with the minimum possible negative impact on the environment. With this as our foundation, we can make a positive contribution to our customers’ environmental impact, by offering advice and suggestions and, at times, challenging the customer to adopt new approaches in an effort to identify the most eco-friendly solution.
Energy
TARGET
- More efficient energy use; by 2025 usage should decrease by 55% compared with the average for 2011–2012 (GWh/net sales SEK).
MEASURES TO ACHIEVE TARGET
- Continued investment in more energy-efficient production equipment, infrastructure and lighting. Increased automation could mean higher electricity consumption in the longer term.
OUTCOME IN 2024
- Nolato’s energy consumption in relation to sales (GWh/net sales SEK) has decreased by 52% since the baseline value 2011 – 2012.
Carbon emissions
TARGET
- Greenhouse gas emissions from energy consumption (Scope 1 and 2) are to be reduced by 80% by 2025, compared with the average for 2011–2012 (tons CO2e/net sales SEK).
MEASURES TO ACHIEVE TARGET
- More efficient use of energy, installing heat pumps, procuring fossil-free electricity, installation of own solar panels, contracts with solar farms, and phasing out fossil fuels.
OUTCOME IN 2024
- Nolato’s greenhouse gas emissions from energy consumption have decreased by 94% since 2011–2012 to 1.1 tons CO2e/net sales SEKm.
Chemical products
TARGET
- Hazardous chemical substances should be identified and, where possible, phased out.
MEASURES TO ACHIEVE TARGET
- A number of chemical substances have been identified as candidates to be phased out. Continued measures for the safe handling of chemical products are being implemented.
OUTCOME IN 2024
- Use of hazardous chemical substances at Nolato is minimal, but there are a few candidates for risk reduction. Around 44 (approximately 20) different chemicals were either replaced or phased out in 2024.
Climate impact: raw materials and products
TARGET
- There should be an increase in the percentage of bio-based and recycled raw materials. Greenhouse gas emissions related to products (Scope 3) should be reduced by 5% between 2020 and 2025 (tons/net sales).
MEASURES TO ACHIEVE TARGET
- The carbon footprint of products is being reduced through greater use of bio-based and recycled raw materials, together with designs that contribute to a circular economy. Nolato aims to be at the forefront of sustainability projects with customers and other stakeholders.
OUTCOME IN 2024
- During the year, 1,412 tons (1,122) of recycled plastic materials, 90 tons (25) of bio-based plastics and 192 tons (54) of certified mass-balanced materials were used, amounting in total to 3.4% of total raw material use of polymer materials.
The percentage of recycled plastic materials is 2.8% of total raw material use of polymer materials.
3 (3) of the Group’s subsidiaries are certified to ISCC Plus and can supply products manufactured using mass-balanced material.
Science-Based Target for GHG emissions
TARGET
- Nolato AB commits to reduce absolute scope 1 and 2 GHG emissions 70% by 2030 from a 2021 base year.
- Nolato AB also commits to reduce absolute scope 3 GHG emissions covering purchased goods and services, capital goods, fuel- and energy-related activities, upstream transportation and distribution, waste generated in operations, business travel, employee commuting and upstream leased assets 25% by 2030 from a 2021 base year.
MEASURES TO ACHIEVE TARGET
- Resource efficiency, procuring fossil-free electricity, phasing out fossil fuels, increased share of biobased and recycled raw materials, collaboration with value chain to engage suppliers to purchase renewable electricity and sign up to SBTi, optimized logistics and selection of carbon-efficient raw materials.
OUTCOME IN 2024
- Nolato’s Scope 1 and 2 emissions have been reduced by 73% compared to the baseline value to 10,559 tons CO2e.
- Nolato’s Scope 3 emissions in the upstream value chain have, through the measures, decreased by approximately 22% compared to the baseline value to 287,744 tons CO2e.
ENVIRONMENTAL MANAGEMENT SYSTEMS
TARGET
- All units to be ISO14001-certified.
MEASURES TO ACHIEVE TARGET
- Acquired companies are to be certified within two years.
OUTCOME IN 2024
- 83% (83) of production units are ISO 14001-certified.
Responsible business conduct
At Nolato, responsible business conduct means that we take responsibility for our business by setting clear requirements for our operations and those of our suppliers. This is firmly rooted in our corporate culture, in which our Code of Conduct serves as the Group’s ethical compass, setting the direction for our conduct both within our organization and in our relationships with stakeholders. By acting consistently based on our values, we create confidence, making us a reliable partner that our customers can trust and want to involve in their development projects and their journey to greater sustainability.
Anti-corruption
TARGET
- Ensure training of employees in the Code of Conduct and anti-corruption measures. There should be no cases of bribery, corruption or cartel formation.
MEASURES TO ACHIEVE TARGET
- Use of preventive procedures and the Code of Conduct, as well as monitoring of compliance. Training in the Code of Conduct and anti-corruption measures. Information about Nolato’s values, corporate culture and Code of Conduct are part of the onboarding process for all new employees. Application of the whistleblower system throughout the Group.
OUTCOME IN 2024
- The annual evaluation of Group companies’ anti-corruption measures indicated a persistently high level of ambition. Nolato Spirit and Code of Conduct is a training requirement for all new employees in the onboarding process.
No incidents relating to corruption or inadequate business ethics were reported in 2024. Business partners in risk zones are continually analyzed as needed, in response to new restrictions. The Group Trade Sanctions Policy was updated during the year.
Customers
TARGET
- Nolato aims to maintain a leading position and be perceived as the customer’s first choice within sustainable development.
MEASURES TO ACHIEVE TARGET
- Trends and customer requirements within sustainable development should be identified and, where relevant, turned into practical measures. The overriding aim is to exceed customer expectations. Annual survey of customer satisfaction regarding customers’ perception of the company’s products and services, as well as future expectations.
OUTCOME IN 2024
- The number of discussions with customers in reducing the climate impact, and to use renewable or recycled raw materials continue to increase grew during the year. Increased number of customer meetings in 2024 about solutions and alternatives that support sustainable development. Professional development and the use of digital tools to simulate products’ function and performance have helped optimize the products’ use of resources and enabled circular flows. A CO2e calculator that provides guidance on the choice of alternative solutions and materials with regard to carbon footprint has been put into use.
- Nolato was awarded a Gold medal by EcoVadis in its latest sustainability assessment, improving from Silver to a score of 75 (previously 65), placing us in the top 4th percentile globally. In addition, Nolato was recognized as one of Europe’s Climate Leaders 2024 by the Financial Times and Statista, and ranked 3rd on Dagens Industri’s list of Sweden’s most sustainable companies. Nolato held the overall score of B in CDP Climate Change.
Suppliers
TARGET
- By 2025, all strategic suppliers will be assessed according to Nolato’s guidelines for suppliers.
MEASURES TO ACHIEVE TARGET
- Assessment of Nolato’s strategic suppliers using an extensive questionnaire on management systems and sustainability.
OUTCOME IN 2024
- In 2024, Nolato had 898 key suppliers. Of these, 717 have been evaluated according to Nolato’s supply chain due diligence process and approved Nolato’s Supplier Code of Conduct, giving 80% (71%). During the year, 664 suppliers were evaluated using questionnaires and 29 suppliers were audited on site. It was decided to cease working with one supplier during the year as it did not fulfill Nolato’s requirements.