Plan & Prepare
We have started out on our 3-year journey towards sustainability n collaboration with SustainX which we partnered with in Q4 of 2021. In 2022 we plan and prepare before we will build and implement to excel and accelerate to be able to act and drive our sector sustainably.
Materiality Assessment and selection of SDG focus areas
In Q1 2022, a Current State Analysis assessed the status of sustainability in Svanehøj. We completed an internal employee questionnaire to understand the organisation’s perception of sustainability in general and in Svanehøj specifically, before finalising a maturity matrix assessing our current maturity level of sustainability.
Our double Materiality Assessment was initiated to map all relevant ESG topics for Svanehøj according to their impact on our stakeholders and on our business. Thereby we can focus on the ESG areas that are critical to our business success, and those which are assessed most important to our stakeholders
Greenhouse Gas (CO2eq) Baseline
As part of the Engage to Sustain framework, we are calculating and establishing a CO2eq baseline for Scope 1 and 2 emissions in accordance with the Greenhouse Gas Protocol Corporate Accounting Standard (2004).
This activity is still running, and we have set Temporal Boundary to establish a baseline year of 2021 – also calculating the CO2eq emissions of 2020 to identify outliers. Organisational Boundary has been decided on Operational Control Approach, including all of Svanehøj Danmark A/S locations globally. This also creates the foundation of yearly ongoing reporting on Svanehøjs Greenhouse Gas Inventory (Scope 1 and 2). The CO2eq baseline is expected to be completed in mid-September 2022.
In 2023 Svanehøj will calculate and establish our CO2eq baseline for Scope 3 emissions (covering our value chain) in accordance with the Greenhouse Gas Protocol Corporate Value Chain (Scope 3) Accounting standard.
To calculate our Baseline(s) (for now Scope 1 and 2, later Scope 3) Svanehøj has partnered with the Swedish software provider Position Green. They provide us with a solid and scalable platform for our sustainability reporting – climate accounting for now, but other Environmental, Social or Governance areas can be covered later. Building and having a dedicated system for our ESG governance is the right foundation for moving forward in our ESG performance.