avk-esg-2024-25 - Flipbook - Page 50
Consumption - Water
uses values from IPCC AR5. Both provide
emission factors, which are used to calculate
CO2e, not CO2e directly.
M³ per DKK million (turnover)
22.84
2021/22
21.02
2022/23
22.83
20.12
2023/24
2024/25
Figure 5
Accounting policies (E)
Greenhouse gas emissions
Reporting of greenhouse gas emissions is
based on the GHG Protocol. The reporting
follows the GHG Protocol’s division into Scope
1 and Scope 2. Scope 3 emissions are not yet
included in group-level reporting.
The reporting includes emissions of greenhouse
gases specified in the GHG Protocol, such as
carbon dioxide, methane, nitrous oxide, HFCs,
and others. These are reported together in CO2
equivalents (CO2e).
Scope 1 covers all direct greenhouse gas
emissions from sources owned or controlled by
the company. This includes emissions from the
combustion of fossil fuels such as gas, diesel,
petrol, or similar fuels. Emissions are calculated
by multiplying actual fuel consumption by the
relevant emission factors, using data collected
directly by the company.
Fossil fuel for company-owned or leased fuel or
plug-in hybrid vehicles is classified as Scope 1.
Scope 2 covers indirect emissions from the
consumption of electricity, district heating, or
cooling purchased from external providers.
Electricity used to charge company-owned or
leased electric vehicles is classified as Scope 2,
using the emission factors of the country where
the electricity is purchased.
Emission factors source
Data has been sourced from the International
Energy Agency (IEA) and the UK Department
for Environment, Food & Rural Affairs (DEFRA).
IEA’s emission factors are based on the IPCC
Sixth Assessment Report (AR6), while DEFRA
50 | AVK Group Sustainability report 2024/2025
Location-based: Calculates emissions
based on the average electricity grid where
we consume power. This method reflects the
overall environmental impact of our electricity
use in that particular region.
Market-based: Calculates emissions based
on the specific electricity we purchase through
contracts or certifications (e.g., Guarantees of
Origin). Residual mix is used when available;
otherwise, location-based emissions are applied
as a fallback.
The location-based method reflects the
average emission intensity of the grid, while the
market-based method accounts for the impact
of purchased electricity, including renewable
energy.
Consumption data is collected from energy bills
or meters to calculate total energy use.
Energy consumption
Data on energy consumption is collected
locally from all our companies through monthly
financial reporting, based on globally defined
specifications and definitions. Both direct
(Scope 1) and indirect (Scope 2) energy
consumption are reported, along with the
amount of energy sourced from renewable and
non-renewable sources.
Share of renewable energy
Electricity is classified as renewable only when
appropriate certificates such as Guarantees
of Origin verify a zero-emission factor for
the specific consumption. Renewable energy
sources include wind, solar, biogas, and green
hydrogen.
Emission and energy intensity
Emission intensity is calculated as total
greenhouse gas emissions (Scope 1 and Scope
2) in tonnes of CO2e divided by total turnover
in DKKm.
Energy intensity measures energy
consumption relative to a unit of activity. Energy
intensity per turnover is calculated as the total
energy consumption, expressed in MWh and/
or m³, divided by total turnover in DKKm. For
energy sources measured in volume, such
as gas in cubic meters (m³), consumption is
converted to MWh using standard conversion
factors to ensure consistency.
Water consumption
Water consumption data is collected locally
from all our companies through monthly
financial reporting, based on globally defined
specifications and definitions. Water use is
measured using local meter readings and/or
invoices.
Environmental Product Declarations
(EPDs)
EPDs are prepared locally in accordance with
international standards such as ISO 14025 and
EN 15804. They cover either the full product
life cycle or specific life cycle stages, for
example cradle-to-grave or cradle-to-gate.
Data is collected directly from the
manufacturing process, including energy use,
material consumption, and emissions. Each
EPD is independently verified by a qualified third
party to ensure compliance with the relevant
standards and accuracy of the declared data.
EPDs have a defined validity period, typically
five years, and may be revised if there are
significant changes to the product or production
processes.
