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Glenn Svedberg

Glenn Svedberg

Group Sustainability & Technology Director

[email protected]

Climate impact

Nolato’s climate impact, calculated in accordance with the Greenhouse Gas (GHG) Protocol.

The figures presented in the table below represent Nolato’s climate impact, calculated in accordance with the Greenhouse Gas (GHG) Protocol.
Accounting policies per scope described below the table.
GROSS SCOPES 1, 2, 3 AND TOTAL GREENHOUSE GAS EMISSIONS
2025 2024 2023 2022 Base year
2021
Scope 1 GHG emissions      
Gross GHG emissions Scope 1 (tCO2e) 
  1,685 1,587 1,585 2,471 2,700
Percentage of Scope 1 GHG emissions from regulated emission trading schemes (%)  0% 0% - - -
Scope 2 GHG emissions           
Gross GHG emissions Scope 2 (location-based, tCO2e) 
 41,502 51,366 40,039 47,066 56,879
Gross GHG emissions Scope 2 (market-based, tCO2e) 
 64 8,972 10,607 15,358 36,198
Total Scope 1 and 2 GHG emissions           
Total Scope 1 and 2 GHG emissions (location-based, tCO2e)  43,187 52,953 41,624 49,537 59,579
Total Scope 1 and 2 GHG emissions (market-based, tCO2e) 1,749 10,559 12,192 17,829 38,898
Scope 3 GHG emissions (tons CO2e)          
Gross GHG emissions Scope 3 297,112  329,521 327,241 374,263 447,935
3.1  Purchased goods and services 212,369 229,694 243,643 274,547 321,842
3.2 Capital goods  32,736 42,891 22,110
 22,510 26,844
3.3 Fuel- and energy-related activities  853 3,094 3,065 3,435 3,643
3.4 Upstream transportation and distribution  5,099 5,473 5,253 6,679 6,226
3.5 Waste management
 344 384 680 475 645
3.6 Business travel  627 616 1,638 1,117 560
3.7 Commuting  5,165 5,100 7,522 7,425 7,329
3.8 Upstream leased assets  461 492 1,131 1,068 948
3.9 Downstream transportation and distribution  31,310 33,602  32,251 41,028 38,247
3.10 Processing of sold products  5,267 4,971 6,182 7,965 7,760
3.11 Use of sold products  0 0 395 3,294 6,850
3.12 End-of-life treatment of sold products  2,870 3,194 3,182 4,709 6,753
3.13 Leased assets  - - - - -
3.14 Franchise  - - - - -
3.15 Investments  10 10 10 10 10
TOTAL GHG EMISSIONS          
Total GHG emissions (location-based, tCO2e) 
 340,299 382,474  368,865 423,800 507,514
Total GHG emissions (market-based, tCO2e)   298,861 340,080 339,433 392,092 486,833

Nolato does not conduct activities that fall within Scope 3 Category 13 (leased assets) or Category 14 (franchises) and thus has no emissions to report in these two categories.
2025 2024 2023 2022 Base year
2021
GHG intensity per net revenue (Scope 1 and 2)      
Scope 1 & 2 Intensity (location-based tCO2e/SEKm)
 4.6 5.3 4.2 4.4 4.9
Scope 1 & 2 Intensity (market-based tCO2e/SEKm)  0.2 1.1 1.3 1.7 3.4
Total GHG intensity per net revenue (Scope 1, 2 and 3)          
Total GHG intensity (location-based tCO2e/SEKm) 
 36.0 39.6 38.6 39.3 43.7
Total GHG intensity (market-based tCO2e/SEKm) 
 31.6 35.2 35.6 36.4 41.9

Accounting policies

The accounting policies follow ESRS E1 and the GHG Protocol.

Scope 1 GHG emissions

Reporting of Scope 1 emissions of CO2e includes emissions from consumption of direct fuels. Consumption data by type of energy is obtained directly from energy suppliers or by source readings. For each energy type, the latest available emission factors from third-party organization DEFRA are used.

Emissions from refrigerants are obtained from the respective subsidiaries and are based on the actual amount of refrigerant added and associated climate impact. For company vehicles and other vehicles, either the refueled volume or the distance driven in combination with average fuel consumption per vehicle is used.

Carbon credits and avoided emissions are not included in the Scope 1 reporting. The share of emissions controlled and addressed under regulated emissions trading systems, such as the EU ETS, of total Scope 1 was 0% in 2025.

Scope 2 GHG emissions

Indirect greenhouse gas (GHG) emissions from purchased electricity and district heating are reported as Scope 2. Consumption data is obtained directly from energy suppliers or by source readings.

  • Location-based Scope 2 emissions refer to direct GHG emissions associated with purchased electricity and district heating, and are calculated on the basis of national or regional network averages for emissions in the geographical areas where operations are conducted.
  • Market-based Scope 2 emissions refer to indirect GHG emissions associated with purchased electricity and district heating, calculated with account taken of market-based instruments.
  • The share of purchased renewable electricity was broken down according to:
    • 66% purchased electricity in instrument packages (PPAs, Guarantees of Origin, GOs and ReGOs) from sources such as wind, hydro, solar and biomass.
    • 34% of purchased electricity came from stand-alone contractual instruments. The stand-alone instruments used were M-RETs and I-RECs in North America and I-RECs in Asia.
  • The conversion factor from consumption of renewable electricity is applied at 0 tons CO2e/MWh. For calculating market-based Scope 2 for installations without such agreements, emission factors for residual mix are used for each country/region to calculate emissions from consumed electricity.
  • Emissions from district heating are calculated based on supplier-specific emission values or national averages.
  • Emission factors for calculating location- and market-based Scope 2 emissions come from the latest available emission factors from the Association of Issuing Bodies (AIB), 2025 and the International Energy Agency (IEA), 2025.
  • Emission factors from Green-e are used to calculate Scope 2 for the Group’s electricity consumption in the United States; since these have not yet been published for 2025, the latest available emission factors from 2024 were used.

Scope 3 emissions

Indirect GHG emissions from the value chain are reported as Scope 3. Category 1 within Scope 3 for the base year 2021 has been adjusted upward by 20,277 tons CO2e, as the climate impact from the use of raw materials at one of the Group’s subsidiaries was previously not included in the calculation. This climate impact has now been calculated in accordance with the same approach applied in other reporting and added to base year emissions for 2021.

The accounting policies follow the GHG Protocol and are described by category below.

  • Category 1: Climate impact from consume draw materials is calculated using weight per raw material and general emission factors per material type; where supplier-specificdata is available, it is used. Consumptiondata is used for other goods and services.
  • Category 2 is calculated using supplier-specific data, consumption data and average data.
  • Category 3 is calculated on the basis of specific consumption data from each company and covers fuel and electricity usage for both stationary and mobile sources.
  • Category 4 is calculated using consumption data.
  • Categories 5 and 12 are calculated using hybrid approaches.
  • Climate impact from business travel, category 6, is calculated using supplier-specific data and consumption data.
  • Category 9 is calculated based on estimates and average data.
  • The calculation method for the remaining categories (7, 8, 10, 11 and 15) is based on average data.

In general, the main sources for emission factors include DEFRA, IEA, EPDs and supplier-specific emission factors, procurement authorities and other industry databases and standards.

For calculations of Scope 3 for 2025, the emission factors for fuels and electricity were updated, while emission factors from 2024 for expenditure-based emissions were used.

The number of supplier-specific emission factors for raw materials rose during the year, increasing the proportion of primary data and thus the accuracy of Category 1 calculation