Approach and Targets

In a world of constant and sometimes turbulent change, a common thread runs through everything we do at Gunnebo – the pursuit of our sustainability agenda. For successful organisations to remain relevant to customers, employees and stakeholders, consistent effort on sustainability is vital. The Group is committed to creating a sustainable and ethical business which strives to minimise its impact on the environment.

We have embarked on a journey. We will continue to develop, to measure and assess our progress, and to expand, deepen and accelerate our sustainability work. Are we perfect? Far from it. But we have demonstrated a willingness to improve, to communicate and share our experience and results.

Stefan Syrén, President & CEO

Gunnebo decided to embrace a new Group Sustainability Approach in 2018 to anchor this commitment even more firmly in our corporate culture. As we progress on our journey, we are continuously refining our Group-wide sustainability strategy. The focus for 2019 and 2020 has been to fully implement the new approach and to follow-up on decisions from previous years.

We consider sustainability to be a key success factor and strongly believe that it goes hand in hand with our ambition to become a leading provider of a safer future. Gunnebo’s sustainability approach focuses on three pillars:

  1. Our Business
  2. Our People
  3. Our Impact

Gunnebo Sustainability Approach

Sustainability Approach (graph)

Gunnebo Group Materiality Analysis

To establish which topics are relevant to our business activities, we analyse sustainability challenges using a variety of instruments and processes and assess their significance for the company and our stakeholders. Materiality with respect to Sustainability reporting, as defined by the ISO 26000 guidelines, includes topics and indicators that reflect an organisation’s significant economic, environmental, and social impacts or those that would substantively influence the assessments and decisions of stakeholders. By understanding these critical issues, we can deepen and develop corporate strategy, goals, targets, programmes, initiatives, and a stakeholder engagement strategy to advance our Sustainability globally. From this matrix, Gunnebo and the readers of this report can understand the degree of importance our stakeholders place on each issue, the ability of Gunnebo to make a positive difference on the issue, and the level of impact an issue may have on reputation.

Gunnebo Group Non-Financial Targets, 2016–2020

In 2016 Gunnebo established non-financial goals for 2020, with 2016 as the base year. The focus was on energy and climate, waste management and environmental management – areas where the Group’s environmental impact is greatest. To support this journey, the group released its Sustainability Approach in 2018, the aim of which was to integrate sustainability as part of the business and lead to clear and tangible results. It has helped the group to take steps to advance its business and make it stronger and more sustainable as an employer, as a member of society, and as a supplier and customer.

Non-financial Target (graph)
* This drop has mainly been achieved due to lower electricity consumption during the Coronavirus outbreak
** This drop has mainly been achieved due to lower electricity consumption during the Coronavirus outbreak and the purchasing of low CO2-emission-intensity electricity by one of our major plants
*** In 2016, the average CO2 emissions per car from our fleet was 132.5 gCO2/km. In 2020, it has decreased by 5% to 125.8 gCO2/km
**** The Cominfo plant, acquired in December 2019, aims for certification before the end of 2022