AVK CSR 2023-24 web - Flipbook - Page 47
E
Comments to
Environmental
All figures are based on total consumption for
all companies.
Greenhouse gas emissions and
recalculation of CO2e emissions
For the past five years, we have measured
Scope 1 and Scope 2 emissions in accordance
with the Greenhouse Gas Protocol (GHG).
Finding the method for calculating CO2
emissions is an ongoing process, and for some
locations, we previously had to rely on best
estimates due to the unavailability of specific
data or accurate emission factors.
This year’s Scope 1 and Scope 2 emissions
have been calculated using international
standards, resulting in an observed upward
trend in reported CO2e emissions. To ensure
consistency, we have also recalculated the
2022/23 results using updated global emission
factors.
Some countries still depend on coal to produce
electricity and heating, which cause increasing
CO2e emission factors. Our focus on local
production combined with an increased
dependence on coal due to geopolitical
instability is the reason why AVK has
experienced an increase in Scope 1 and Scope
2 CO2e emissions.
In 2023, Scope 1 CO2e emissions increased
in some countries due to higher energy
consumption driven by a colder winter and
continued reliance on fossil fuels and gas.
figures, but was not included in the 2022/23
figures. To compare 2023/24 figures with last
year, 2023/24 figures without acquisitions have
been included in Table 1.
Scope 1 emissions increased in the financial
year 2023/24, driven primarily by acquisitions,
fossil fuels, and a significant rise in natural
gas consumption for heating. To address this,
we are actively pursuing a global transition
from gas to low-energy solutions, including the
implementation of heat pumps.
Scope 2 emissions have increased slightly,
partly due to acquisitions. We remain
committed to increasing our procurement of
certified renewable energy, expanding selfgenerated electricity through solar cell systems,
and optimising energy efficiency across our
operations.
The overall CO2 intensity, measured as the
emissions intensity, reflects mixed trends. The
Scope 1 index increased from 1.29 to 1.63,
while the Scope 2 index decreased from 4.29
to 4.01.
Scope 2 - C02 emissions
Tonnes CO2 per DKK million (turnover)
4.01
15.10
13.36
2020/21
2021/22
11.52
11.52
2022/23
2023/24
Figure 4
Environmental data (consumption) - Water
M³ per DKK million (turnover)
24.10
22.84
21.02
2020/21
2021/22
2022/23
22.83
2023/24
Figure 5
Water consumption
The total water consumption has increased,
partly due to acquisitions. Additionally, some
AVK companies have reported higher water
usage than last year.
The overall water consumption index shows an
increase of 8.61% compared to last year.
We remain committed to minimising water
consumption, prioritising efforts on companies
with the highest usage levels relative to their
total turnover in DKKm.
The total Scope 2 CO2e impact (measured
in tonnes) has increased, primarily due
to acquisitions and higher energy-related
emissions.
Emissions data from newly acquired companies
has been incorporated into the 2023/24
MWh per DKK million (turnover)
31.75% of our total energy consumption
is sourced from renewables, supported by
certificates of origin and our own solar cell
systems.
See Figure 2 and Figure 3.
4.29
Environmental data (consumption) - Electricity
2022/23
2023/24
See Figure 4 and Figure 5
Figure 3
Scope 1 - C02 emissions
Tonnes CO2 per DKK million (turnover)
1.63
Our total electricity consumption has increased
in 2023/24, with the overall electricity index
showing a slight increase compared to last year.
1.29
2022/23
Energy consumption
The table and charts below show the AVK
Group’s electricity consumption in the last four
years.
This increase in total energy consumption
is primarily due to acquisitions. Data from
acquired companies is integrated in 2023/24
accounts.
2023/24
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,
Figure 2
AVK Sustainability report 2023/2024 | 47
