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Glenn Svedberg

Glenn Svedberg

Group Sustainability & Technology Director

[email protected]

SUSTAINABLE DEVELOPMENT

Commitments and awards

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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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. 

 
UN Global goals logo

Science Based Targets initiative - Net-zero target approved

Nolato has approved near and long-term science-based emissions reduction targets with the Science Based Targets initiative. Our science-based net-zero target is aligned with the 1.5°C pathway in the Paris Agreement. We will prioritize rapid, deep emissions reductions across our value chain and neutralize any residual emissions at net-zero in line with SBTi criteria. 

Nolato AB commits to achieve net-zero greenhouse gas emissions across the value chain by 2045. 
Near term goal: Nolato AB also commits to reduce absolute scope 3 GHG emissions covering purchased good 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. Nolato AB commits to reduce absolute scope 1 and 2 GHG emissions 70 % by 2030 from a 2021 base year.
Long term goal: Nolato AB commits to reduce absolute scope 3 GHG emissions 90.0% by 2045 from a 2021 base year. Nolato AB commits to reduce absolute scope 1 and 2 GHG emissions 95.0% by 2045 from a 2021 base year.

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.

 
SBTi-net zero logo

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. 2024, only two years after our first assessment, Nolato was awarded a Gold rating and the Gold Medal was maintained during 2025.See our rating at EcoVadis.

About EcoVadis
EcoVadis are one of the world’s largest and most trusted providers of business sustainability ratings.

EcoVadids gold rating logo

Carbon Disclosure Project (CDP)

Nolato has reported to CDP since 2015. In the 2025 Climate Change assessment, we were pleased to see improvements in several key areas and an overall score of B. This reflects our continued efforts to strengthen climate-related strategy, risk management, and emissions reduction. Nolato received a B- score in Water Security.

About the Carbon Disclosure Project (CDP)
CDP is an independent organization that assesses how companies disclose and manage their environmental impacts. The assessment focuses on transparency as well as the identification and management of environmental risks and opportunities.

Carbon Disclosure Project logo

MSCI AA-rating

In 2025, 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. 

MSCI logo

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).

 
Nasdaq ESG Transparent partner logo

Sustainable Companies report

In the overall 2024 ranking following the “Sustainable companies”, conducted by Lunds University, Nolato was awarded an honorable 3:rd place among 130 companies at Nasdaq Stockholm. The companies are categorized into sectors, with "Capital Goods," including Nolato, representing the largest sector. In this sector, we proudly secured 1st place. Read the full report (Swedish only). 


About the report
In collaboration with Dagens industri and Aktuell Hållbarhet, Lund University in Sweden conducts 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.
Sustainable companies 2023 logo

Financial times

Europe´s Climate Leaders 2025

Nolato is included in the Financial Times in partnership with Statista´s list over Europe´s Climate Leader for the second year in a row 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 (2018-23 for this edition).  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).

Europe’s Climate Leaders 2025: interactive listing

Financial times logo

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