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I said already last year that our 2025 and 2030 targets will be hard-earned. Still, despite the hardship and partly helped from less produc- tion volumes in our fiscal year 2023, we moved quite a bit closer to our long-term sustainability targets. This is in particular evident if we look into our advances to improve the performance of the entire value chain, from suppliers to end-users. We want our suppliers to perform on par with ourselves. For this, we have raised the bar to pass in our ESG ratings of suppliers. The rating is a meas- ure of a company’s environmental, social, and governance performance. But a chain isn’t stronger than its weakest link. Our calculations show a significant decrease in our own greenhouse gas emissions. As this is mostly due to lower production volumes, I asked myself if we really improved. We did. The emissions per production volume unit are still much lower when compared with 2019, our reference year. At the end of the chain, there’s you and me. The ones who buy Elfa products. We would like our customers to know they’re doing the right thing when choosing Elfa. For this, we are continuously certifying our products with independent actors such as EcoVadis, Byggvar- ubedömningen, and Svanen. A major thing we are working on but have not yet seen results for is Environmental Product Declarations. This will not only improve our own environmental performance but also further help our custom- ers make informed choices. So all-in-all, I would say it’s been a good year for sustainability. Enjoy the read! Anders Rothstein CEO, Elfa Group 2
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About Elfa 4 Elfa and UN Global Compact 6 The sustainable development goals 7 Sustainability at Elfa 8 Sustainability targets 10 Appraisal of sustainability targets 11 Risk assessment and risk mitigation 11 People - Healthy & 12 Sustainable employment Systematic work environment management 14 Health & Safety 15 Employment and staff turnover 16 Fair and inclusive workplace 17 Risk assessment and risk mitigation 17 Society - Fair trade & 18 Human rights Promoting fair competition and fair dealing 20 Respecting human rights 20 Raising people’s awareness 21 Sustainable suppliers 23 Risk assessment and risk mitigation 23 Planet - Climate & 24 Environment action Elfa’s carbon footprint 26 Sustainable products 27 Risk assessment and risk mitigation 28 Looking forward 30
