Nolato has a long tradition of responsible business conduct and caring about people and the environment is a natural element of our work.
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Glenn Svedberg
Group Sustainability Director
SUSTAINABLE DEVELOPMENT
Creating sustainable solutions
Nolato’s sustainable development strategy is focused on addressing challenges in the near future, while equipping ourselves to respond to future expectations and requirements. It encompasses targets and activities within social responsibility, business ethics, financial responsibility and the environment. An important aspect of the strategy is taking a systematic approach to developing resource-efficient production methods and products with a small carbon footprint.
For Nolato, sustainable development means:
Preventive measures
Nolato should be the experts regarding the impact of our business on people, the environment and society. Risks and costs can be reduced through preventive measures, risk analysis and investments in modern technology.
Reduction of carbon emissions
The key strategic issues for Nolato are reducing the carbon footprint from raw materials, production plants and products, and preparing ourselves for the impact of climate change on the Group’s value chain.
Long-term commitment
Nolato’s commitment to sustainable development has its origins in fundamental work within health and safety and the environment. In the 1990s, Nolato was quick to introduce certified environmental management systems (ISO 14001) at its production plants.
In the 2000s, work was developed and intensified in several areas to include a clearer strategy and long-term sustainable development targets. This included sustainability work linked to the 10 principles of the UN Global Compact and the UN Sustainable Development Goals.
In the 2000s, work was developed and intensified in several areas to include a clearer strategy and long-term sustainable development targets. This included sustainability work linked to the 10 principles of the UN Global Compact and the UN Sustainable Development Goals.
Responsibility and transparency
Nolato complies with international guidelines, principles and standards for sustainable development, including being a signatory to the UN Global Compact. The long-term targets set out the road map for our sustainability work and our progress and setbacks are reported transparently, according to international standards for sustainability reporting. For detailed reporting read our information under Investor Relations.
New business opportunities
We generate environmental and business benefits by developing innovative own and customer products with a smaller carbon footprint.
Strategy and targets
One of the key strategic issues for Nolato is to reduce the carbon footprint from raw materials, production plants and products, along with preparing ourselves for the impact of climate change on the value chain. Our energy and climate targets are therefore demanding with a long-term perspective. In addition to that – with the ambition to cover all material issues – we have established a number of sustainability targets and indicators.
for sustainable development
Nolato's target support the UN's 2030 Agenda
Nolato’s sustainability targets support Agenda 2030 and the UN Sustainable Development Goals.
- We are a signatory to the UN Global Compact, which aims to clarify the commitment to operating in accordance with 10 principles on human rights, labor law, the environment and anti-corruption.
- Nolato has linked the Group’s goals with seven of the UN Sustainable Development Goals to clarify our contribution to a more sustainable society.
You can find more details in our Sustainability report included in our Annual Report.
Nolato's Sustainable targets
You can read Nolato's detailed sustainability report including all facts and details under Investor Relations.
Read more about our targets here
Read more about our targets here
Safe workplaces
The number of workplace accidents should be minimized.
Gender equality
The proportion of women in management positions should increase at all levels.
Energy
More efficient energy use, and up until 2025 usage should decrease by 55% compared with average for 2011-2012.
Carbon emission
80% reduction in scope 1 & 2 emission by 2025 compared with the average for 2011-2012.
Chemical products
Hazardous chemical substances should be identified and, where possible, phased out.
Raw materials and products
The percentage of bio-based and recycled raw materials should increase.
Environmental management systems
All units to be ISO 14001-certified.
Anti-corruption
There should be no cases of bribery, corruption or cartel formation.
Customers
Nolato aims to maintain a leading position and be perceived as the customer’s first choice within sustainable development.
Suppliers
By 2025, all strategic suppliers will be assessed according Nolato's guidelines for suppliers.
Long-term group-wide goals
Nolato has introduced long-term group-wide goals covering environmental responsibility, social responsibility and business benefits. Several of these goals are linked to the UN Sustainable Development Goals. In 2022 Nolato committed to Science-Based Targets.
Commitments and awards
Nolato’s sustainable business strategy supports several international principles and commitments as important pillars in our business conduct. The received awards are a welcome recognition of our efforts in the sustainability work.
It is also important to be able to show our customers that we are a sustainable supplier, striving to make them more sustainable too.
Social responsibility
We care about people
The Group’s code of conduct provides guidance on issues concerning legal responsibility, accounting, conflicts of interest, working conditions, the environment, social responsibility and business ethics. The code of conduct and related policies are compiled in the Nolato Spirit booklet.
Goals on social responsibility include initiatives that contribute to a safe work environment and respect for human rights.
environmental responsibility
We care about nature
Climate change brings both risks and opportunities for Nolato. Boosting energy efficiency and phasing out fossil fuels is reducing the Group’s carbon footprint. These measures also create preparedness for higher fees and taxes on carbon-emitting operations. Greater use of recycled and bio-based raw materials are other initiatives that are helping reduce carbon emissions.
So environmentally sustainable product development is a priority area, in which the Group’s expertise and technology are contributing to customers’ environmental and carbon reduction efforts.
BUSINESS BENEFITs
We care about our customers' success
Nolato’s business principles are characterized by integrity, responsibility and good ethics – basic principles that we share with suppliers, customers and others affected by our business operations. Prevention of corruption is a high priority. The Nolato Spirit, based in part on the principles of the Global Compact, provides support for employees and reassurance when interacting with customers and other stakeholders.
- We support our customers’ competitiveness and continued success with our extensive expertise and ability to offer sustainable solutions.
- With knowledge and capabilities in sustainable solutions, expertise in polymer materials, technical support and continual development, we boost our customers’ competitiveness on their markets.
- Nolato is a solid, reliable and innovative business partner that aims to be customers’ first choice within sustainable development.
- In cooperation with business partners and stakeholders, we are helping with the transition to a circular economy, endeavoring to create circular flows and switching to renewable materials and energy.
- Our strategy for sustainable development is based on Nolato’s long tradition of responsible business conduct and is an integral part of our business strategy. Sustainability reporting provides transparency in our sustainability efforts.
nolato sustainable solutions
Sustainable products
The environmental performance of Nolato’s products has become an increasingly important competitive factor. We therefore work with our customers on the goal of developing products that offer lower carbon footprint and/or contribute to a circular economy. We offer sustainable alternatives relating to raw materials, design, technologies and transportation.
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