Nolato’s long-term sustainable development goals cover social responsibility, environmental responsibility and responsible business conduct.
Nolato’s long-term sustainable development goals cover social responsibility, environmental responsibility and responsible business conduct.
The Group has 10 long-term sustainable development goals, 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 Agenda 2030.
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
Human rights and gender equality
Energy
More efficient energy use; by 2025 usage should decrease by 55% compared with the average for 2011–2012 (GWh/net sales SEK).
Continued investment in more energy-efficient production equipment, infrastructure and lighting. Increased automation could mean higher electricity consumption in the longer term.
Nolato’s energy usage has fallen by 50% since 2011–2012 (GWh/net sales SEK).
Carbon emissions
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).
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.
Nolato’s greenhouse gas emissions have decreased by roughly 93% since 2011–2012 (tons CO2e/net sales SEK).
Chemical products
Hazardous chemical substances should be identified and, where possible, phased out.
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.
During the year, some 20 (30) chemical products were replaced with alternatives that are better for the environment and for people’s health.
Climate impact: raw materials and products
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).
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.
During the year, the total amount of recycled material in our products increased to 1,201 tons (756), of which 25 tons (74) were bio-based, 1,122 tons (682) recycled and 54 tons (0) were mass-balanced materials. 3 (2) of the Group’s subsidiaries are certified to ISCC Plus and can supply products manufactured using mass-balanced material.
Anti-corruption
Ensure training of employees in the Code of Conduct and anti-corruption measures. There should be no cases of bribery, corruption or cartel formation.
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.
In 2023, all of the Group’s employees underwent training in the updated Code of Conduct, which includes anti-corruption. The annual evaluation of Group companies’ anti-corruption measures indicated a persistently high level of ambition. No incidents relating to corruption or inadequate business ethics were reported in 2023. Business partners in risk zones are continually analyzed as needed, in response to new restrictions. Our Trade Sanctions Policy was updated.
Customers
Nolato aims to maintain a leading position and be perceived as the customer’s first choice within sustainable development.
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.
Interest in climate issues, and renewable or recycled raw materials grew in 2023, but things are developing slowly. Increased number of customer meetings in 2023 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 received a Silver rating from EcoVadis in its latest evaluation of the company’s sustainability work (bronze) and progressed to 65 points (54).
Suppliers
By 2025, all strategic suppliers will be assessed according to Nolato’s guidelines for suppliers.
Assessment of Nolato’s strategic suppliers using an extensive questionnaire on management systems and sustainability.
By year-end 2023, 68% of strategic suppliers had accepted Nolato’s Code of Conduct or had their own code of conduct corresponding to Nolato’s requirements. During the year, Nolato’s subsidiaries worked on implementing the Group’s guidelines for supplier categorization, which now also include geopolitical risk level.
Environmental management systems
All units to be ISO 14001-certified.
Acquired companies should be certified within two years.
83% (72) of production units are ISO 14001-certified.