AVK CSR 2023-24 web - Flipbook - Page 33
from transportation and manufacturing
processes.
Companies within the AVK Group are currently
preparing EPDs, and we will monitor global EPD
projects moving forward. Starting in 2024/25,
we will implement measures to track EPD
availability on an ongoing basis. The number
of EPDs with third-party approval continues
to rise, and the AVK Group currently have 15
EPDs.
Increased use of green energy sources
Green power and solar cells remain a focal
point of our climate strategy to reduce our
carbon footprint, especially in countries where
the public energy supply is primarily based on a
high proportion of fossil fuels.
Currently, the share of green power generated
from renewable energy sources accounts
for 31.75% of the AVK Group’s total energy
consumption. In our efforts to reduce CO2
emissions, we will both purchase and
produce green power ourselves. Some of
our companies, such as Furnes Jernstøperi,
AVK Armaturen, and Wouter Witzel EuroValve
already use 100% certified green power.
The installation of solar cell systems at AVK
companies is an ongoing effort, and it remains
a key element of our climate strategy to equip
our manufacturing sites with renewable energy
solutions.
By the end of 2023/24, approximately 2.4%
of our energy will be generated by our own
installed solar cell systems. Overall, the share of
green energy from solar cells continues to grow.
Scope 3
A central objective for AVK is to establish a
baseline for the Group’s value chain emissions,
also known as Scope 3 emissions.
across our business divisions. Therefore, it is
essential to ensure a consistent and robust
approach.
As part of the project, our internal data systems
will be upgraded to collect and report on Scope
3 emissions. The goal is for our larger EU
companies to have a baseline calculation for
Scope 3 ready by the end of 2024/25.
As previously described, we have launched a
global initiative regarding Environmental Product
Declarations (EPDs) to collect CO2e emissions
calculations throughout the entire value chain of
a given product. The decision to start working
on EPDs before working on Scope 3 was
partly made in response to requests from our
customers.
This will allow us to gradually phase out
passenger cars that use fossil fuels as current
leases expire. By 2030, all AVK passenger
cars that use fossil fuels in Denmark will be
phased out. By the end of this financial year, we
have 79 EVs globally, which is a 41% increase
compared to 2022/23 when we had 56 EVs.
See Figure 1 on the following page.
Electric vehicles as company cars
It is our ambition to reduce the total amount of
environmentally harmful emissions, including
CO2 and particles from our car fleet. At the
same time, we strive for an optimal operating
economy for the car fleet.
Additionally, some companies within the AVK
Group have installed charging stations for
electric vehicles as well as electric bikes and
electric scooters which is a growing trend both
in Europe and Asia.
CASE
Mapping Scope 3 is a large and complex task
as our companies’ value chains are diverse with
great variation in the raw materials purchased
and their carbon footprint. Therefore, we will
strive to create a consistent approach in our
Scope 3 data setup.
AVK UK HARNESS SOLAR ENERGY
We will increase focus on AVK’s total value
chain emissions, Scope 3, and in 2024/25, we
will define and calculate selected significant
Scope 3 emissions based on a materiality
assessment. Likewise, we will take necessary
actions to reduce CO2 emissions.
Solar power generation naturally fluctuates with
the seasons and from year to year. Electricity
production saw a significant increase starting
in March as daylight hours extended. However,
2024 saw lower-than-average sunshine hours
in the UK, with summer temperatures 1.55°C
cooler than the long-term average. This
stood in contrast to the record-breaking heat
experienced across much of continental Europe.
Despite these conditions, surplus electricity
Mapping these emissions is a comprehensive
task as we operate with multiple value chains
In 2023/24, we have implemented a company
car policy in Denmark. This means that from
2025, we will only use electric vehicles (EVs)
as company cars. The policy has initially been
implemented in our companies in Denmark, but
it will subsequently be implemented in countries
where the infrastructure for charging electric
vehicles is in place. The policy will only apply to
passenger cars.
A year ago, a 600-panel solar cell system
was installed on the roof of the AVK UK
manufacturing and assembly site at Staveley,
Chesterfield.
was generated during months with longer
daylight hours, contributing to a steady rise in
the amount of electricity sold back to the grid.
Based on average sunshine hours, the solar
array is expected to boost generation by 5-7%
in future years.
Revenue from selling surplus electricity helps
offset the initial installation costs of the solar
cell system. Additionally, it supports the
procurement of the remaining electricity needed
from carbon-neutral sources, further advancing
sustainability goals.
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