AVK CSR 2023-24 web - Flipbook - Page 32
E
OUR ENVIRONMENTAL AND
CLIMATE EFFORT
Our commitment to the
environment and climate
We have already identified specific focus
areas that require extra attention and will be
prioritised:
• Reduction of CO2 emissions according to
Scope 1 and 2
• Mapping, tracking, and measuring the CO2
emissions in our operations and per product
• Increasing the rate and use of green energy
sources
Moving forward, we will implement processes
and initiatives aimed at reducing energy
consumption across both our own operations
and those of our suppliers, thereby contributing
to:
• Minimal energy consumption as a criterion
during the design and production process
• Low energy consumption as a preferred
criterion for investments
• A set level of our investments targeted
towards energy savings
• Implementation of ISO 50001 in energy
management by 2026
• Initiating Scope 3 data baseline in the
coming year
Note: ISO definitions are given in the section
‘AVK’s ISO certifications’.
Energy effort
Tracking and measuring CO2 emissions
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 on individual products. This is in
accordance with the UN SDG 12 on sustainable
production.
We will begin by mapping the energy
consumption of production processes across
our manufacturing companies. This will be
followed by an ongoing review and incremental
32 | AVK Sustainability report 2023/2024
Key highlights of 2023/24
Future goals and activities
• Three companies have maintained
certification for the ISO 50001 Energy
Management System
• Several additional Environmental Product
Declarations (EPDs) have been achieved
during this finance year and the AVK Group
now has 15 EPDs, all approved by a third
party
• The share of renewable green electricity
has increased from 28.5% in 2022/23 to
31.75 % in 2023/24
• A global company car policy will be
implemented over the next 3 years as
cars are replaced where the use of
electric vehicles (EVs) are possible due to
availability of infrastructure for charging
The number of EVs in AVK has increased
by 41%
• The number of ISO 14001 certifications
has increased from 39 to 48 certificates
• We expect further implementation of ISO
14001 and ISO 50001 during the next
years
• We will increase the number of EPDs to
cover more of our product range
• We will install solar cell systems on
additional manufacturing buildings
• We will implement a baseline calculation
for Scope 3 for our larger EU companies in
2024/25
• We will continue to reduce water
consumption, especially in countries
with scarce water resources and AVK
companies with high water consumption
* For further details see Environmental under Tables, comments, and accounting policies
improvements to individual processes, aimed
at reducing both direct and indirect energy
usage. The work will be conducted through
local energy audits, which will enable us
to define best practices and workflows
for AVK companies. To ensure relevant
implementation and retention of energyimproving initiatives, we will increase the share
of certified companies according to the energy
management system ISO 50001 in the coming
years.
Environmental Product Declaration
The demand for Environmental Product
Declarations (EPDs) is driven by multiple
factors, including customer requirements
and an increasing focus on sustainability.
Specifically, the construction and infrastructure
sectors are leading the demand for these
declarations. Customers are seeking
documentation of a product’s environmental
impact to make more sustainable choices.
Four AVK companies have implemented
processes to calculate CO2 equivalents (CO2e)
emissions across their value chain of the
products. This process helps us as a company
to integrate minimal energy consumption and
CO2 impact as criteria in design and production.
Furnes Jernstøperi and AVK International were
the first companies in the AVK Group to create
and receive third-party certification for an
environmental product declaration (EPD). Since
then, other companies have obtained EPDs.
These declarations document the environmental
impact of our products, including emissions
