avk-esg-2024-25 - Flipbook - Page 34
E
OUR ENVIRONMENTAL AND
CLIMATE EFFORT
Our commitment to the
enviroment and climate
Based on our Double Materiality Assessment,
the topics “Climate Change Mitigation” and
“Energy” are material to the AVK Group. These
topics align with our previous work related to
reducing our environmental footprint. AVK has
established a Group climate strategy focused
on reducing greenhouse gas emissions and
gradually transitioning to energy sources with a
lower climate impact. AVK recognises climate
change as a significant influence and risk –
both operationally and strategically – and we
will work systematically to integrate climate
considerations into decision making processes,
investments, and production activities across
our organisation.
Climate change
At AVK, we aim to analyse, track, and measure
our carbon footprint in relation to our products,
processes, buildings, and value chains. We
address both the CO2 emission of operations
and of individual products.
Key highlights of 2024/25
• AVK is actively reducing greenhouse
gas emissions and increasing the
share of renewable energy in our
operations. In 2024/25, 52% of our
electricity consumption came from
renewable sources, either from
our own solar installations or from
purchased renewable electricity
backed by Guarantees of Origin.
• We will install solar cell systems on
additional manufacturing buildings.
• 11 Environmental Product
Declarations (EPDs) have been
achieved during this financial year,
and the AVK Group now has 26 EPDs,
all approved by a third party.
• We will continue to reduce water
consumption, especially in countries
with scarce water resources and
AVK companies with high water
consumption.
• A global company car policy is
currently being implemented. As
part of this, cars using fossil fuel are
replaced with electric vehicles (EVs)
where charging infrastructure is
available. The number of EVs in AVK
has increased by 67%.
• We will increase the number of EPDs
to cover more of our product range.
• An additional three companies have
obtained certification for the ISO
50001 Energy Management System.
• A climate transition plan will be drawn
during the financial year 2025/26,
once the updated CSRD/ESRS
requirements and guidance have been
finalised. AVK expects to implement
the transition plan in 2026.
• We expect further implementation of
ISO 14001 and ISO 50001 during the
next years.
• We will implement a baseline
calculation for Scope 3 for our larger
EU companies in 2025/26.
• The number of ISO 14001
certifications in environmental
management has increased from
44 to 50.
* For further details, see Environmental under Tables, comments, and accounting policies.
Our Group climate and energy strategy commits
all companies to:
• Reduce energy consumption and emissions
in line with the Group’s climate targets
(including reductions in Scope 1
and Scope 2).
• Increase the use of renewable energy
wherever technically possible.
Energy effort
The AVK Group uses a structured management
system based on international standards,
including ISO 14001, which supports a
systematic approach to energy management
and climate impact reduction.
The strategy supports the Group’s overall
objective of contributing to global climate
mitigation in line with the EU’s climate targets.
The AVK Group conducts annual greenhouse
gas emission inventories in accordance
with ESRS E1 and the GHG Protocol and
continuously reports internally on progress
against established targets and KPIs.
34 | AVK Group Sustainability report 2024/2025
Future goals and activities
Moving forward, we will continue to implement
processes and initiatives aimed at reducing
energy consumption across our operations.
AVK works systematically with energy
management through:
• Creating a climate transition plan.
• Conducting energy mappings and continuous
monitoring of energy consumption across
production units.
• Implementing energy-efficient technologies,
including optimisation of furnaces, machines,
