Storskogen supports business units’ sustainability initiatives

Various sustainability issues are important to all Storskogen’s business units. The most material topics differ between business units depending on sector and geographical location. Storskogen supports the business units in their efforts to reach Group-wide sustainability targets, manage risks and pursue opportunities for increased competitiveness. These efforts are central to Storskogen’s value creation and involve ongoing support, training, shared tools, networking and several other initiatives.

Annual and Sustainability Report 2023

Three focus areas

Storskogen’s efforts for a sustainable development are built on the sustainability areas Environmental, Social and Governance (ESG). The three focus areas of Storskogen’s sustainability initiatives – Minimise environmental impact, A good employer and neighbour and Responsible business – are based on Storskogen’s materiality assessment.

ENVIRONMENTAL

Minimise environmental impact

Undertaking
To become a Net Zero organisation in line with SBTi.

Short-term climate targets
• Scope 1 and 2: Decrease absolute greenhouse gas emissions by 42 percent by 2030, from the base year 2023.
• Scope 3: Decrease greenhouse gas emissions by 64 percent per SEKm of value added by 2034, from the base year 2023.

Long-term climate targets
• Scope 1 and 2: Decrease absolute greenhouse gas emissions by 90 percent by 2050, from the base year 2023.
• Scope 3: Decrease greenhouse gas emissions by 97 percent per SEKm of value added by 2050, from the base year 2023.

Outcome 2023
The climate targets were updated in 2024 and the outcome will thus be reported in the Annual and Sustainability Report 2024.

Transition plan (PDF)

SOCIAL

A good employer and neighbour

Undertaking
We strive to be a gender-equal and inclusive organisation.

Target
• 40 percent women and 60 percent men among employees in senior roles in Storskogen’s central organisation
• Gender distribution of 40–60 percent among the individuals appointed by Storskogen to the business units’ boards (on an aggregated level)

Outcome 2023
• Gender distribution of 40–60 percent among employees in senior roles in Storskogen’s central organisation
• 29 percent women and 71 percent men among the individuals appointed by Storskogen to the business units’ boards (on an aggregated level)

GOVERNANCE

Responsible business

Undertaking
To identify, stop, prevent, mitigate and account for any negative impact on human rights and the environment in the supply chains.

Targets
2023
• All business units must map their supply chain to identify any high risk suppliers
• All business units that have high-risk suppliers must include requirements in agreements
2025
• Evaluation of high-risk suppliers’ compliance with the Business Partner Code of Conduct

Outcome 2023
• 89 percent of the business units have mapped their supply chain, of which 48 percent have high-risk suppliers
• 74 percent of business units with high-risk suppliers have included requirements in agreements

Storskogen's commitment
to human rights issues

Storskogen shall respect and protect fundamental human rights. This means that as a minimum, Storskogen shall comply with the UN Global Compact and the Universal Declaration of Human Rights and assess human rights issues to identify, counteract and mitigate any negative impact in
Storskogen’s organisation and value chain.

Supporting sustainability initiatives in the companies constitutes a central part of Storskogen’s value creation in our subsidiaries, the environment and society at large

Amelie Nordin, Head of Sustainability

ESG library

ESG documents

Annual and Sustainability Report 2023

Climate Report 2023

TCFD Report 2024

ESG Questionnaire

Guidelines and policies

General policies

Code of Conduct

Sustainability Policy

Appendix: Exclusion criteria

Social

Privacy Policy

Gender Equality and Diversity Policy

Governance

Business Partner Code of Conduct

Strategy for Sustainable Supply Chains

Anti-corruption Policy

Policy regarding Trade Sanctions and Embargoes

Whistleblowing guidelines

Additional information

Corporate Governance Reports

Guidelines for remuneration to senior executives

Incentive programs

Whistleblowing service

Storskogen strives to maintain a transparent business climate and high business ethics. We value the safety and respect of everyone affected by our business. Our whistleblowing service allows you to anonymously sound the alarm if you suspect something that is not in line with our values and ethical principles or that may seriously affect our organisation or the life or health of an individual person. To ensure an anonymous means of communication, our whistleblowing service is administrated by an external service provider, WhistleB. All messages are encrypted.

Whistleblowing service