GN Store Nord
ESRS disclosure
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- Provide a detailed account of the effects of significant events and changes in circumstances, specifically related to your greenhouse gas emissions, that have transpired between the reporting dates of entities within your value chain and the date of your general purpose financial statements. Ensure this disclosure aligns with the requirements outlined in Disclosure Requirement E1-9, considering any material physical and transition risks, as well as potential climate-related opportunities. Note that quantification of financial effects from opportunities is not mandatory if it does not adhere to the qualitative characteristics of useful information as specified in ESRS 1 Appendix B.
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Question Id: E1-6_16
GHG emissions in 2021 have been restated across all scopes because of developments, improvements in data quality, methodological changes, and updates to emission factors. Base year emissions in categories have been restated. The baseline for Scope 1 and 2 emission reduction target has been restated from 10,507 tCO2eq to 9,832 tCO2eq, a decrease of 6.4%.
Report Date: 4Q2024Relevance: 60%
- Provide detailed information regarding the percentage of contractual instruments utilized for the sale and purchase of energy, specifically those bundled with attributes related to energy generation, in the context of Scope 2 GHG emissions. This disclosure should include both location-based and market-based methods for calculating Scope 2 GHG emissions. Additionally, specify the share and types of these contractual instruments, including those linked to purchased electricity bundled with instruments such as Guarantees of Origin or Renewable Energy Certificates, as well as unbundled energy attribute claims.
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Question Id: E1-6_21
In 2024, 38.5% of our energy consumption came from renewable sources (up from 2.9% in 2021), including purchase of 4,886 MWh of bundled RECs (4,500 MWh from a power purchase agreement in Denmark, the remainder coming from green tariffs) and 7,454 MWh of unbundled RECs in Malaysia, China, and the U.S., where we have hearing aid production facilities. All purchased RECs came from solar or wind power generation.
Report Date: 4Q2024Relevance: 20%
- Provide detailed information regarding the types of contractual instruments utilized for the sale and purchase of energy, including those bundled with attributes related to energy generation or for unbundled energy attribute claims. This disclosure should align with the requirements outlined in Disclosure Requirement E1-9, focusing on the anticipated financial effects from material physical and transition risks, as well as potential climate-related opportunities. Ensure that the information adheres to the qualitative characteristics of useful information as specified in ESRS 1 Appendix B. Additionally, when calculating gross Scope 2 GHG emissions, apply both the location-based and market-based methods, and disclose the share and types of contractual instruments accordingly.
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Question Id: E1-6_23
In 2024, 38.5% of our energy consumption came from renewable sources, including purchase of 4,886 MWh of bundled RECs and 7,454 MWh of unbundled RECs. All purchased RECs came from solar or wind power generation.
Report Date: 4Q2024Relevance: 60%
- Provide a detailed disclosure of biogenic emissions of CO2 resulting from the combustion or biodegradation of biomass, ensuring these are reported separately from Scope 2 GHG emissions. Include emissions of other greenhouse gases, specifically CH4 and N2O, within this disclosure. If the emission factors utilized do not distinctly identify the percentage of biomass or biogenic CO2, disclose this information. Additionally, if emissions of GHGs other than CO2, particularly CH4 and N2O, are unavailable or excluded from location-based grid average emissions factors or the market-based method, disclose this information accordingly.
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Question Id: E1-6_24
Biogenic CO2 emissions in Scope 1 are reported as 0.13. Biogenic emissions in the value chain are reported as -4,780.
Report Date: 4Q2024Relevance: 10%
- Provide the percentage of your company's Scope 3 greenhouse gas emissions that are calculated using primary data obtained from suppliers or other value chain partners, as required under Disclosure Requirement E1-9. Ensure that this information aligns with the qualitative characteristics of useful information as outlined in ESRS 1 Appendix B.
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Question Id: E1-6_25
Primary data, meaning energy or emissions (intensity) data, from our suppliers was used in categories 1, 3, 4, 7, and 8, which contributed to an estimated 14% of our total Scope 3 emissions.
Report Date: 4Q2024Relevance: 50%
- Provide a detailed explanation for the exclusion of any Scope 3 GHG emissions categories from your inventory, as required under Disclosure Requirement E1-9. Ensure that the justification aligns with the qualitative characteristics of useful information as outlined in ESRS 1 Appendix B.
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Question Id: E1-6_26
Categories 10 (Processing of sold products), 13 (Downstream leased assets) and 14 (Franchises) are not relevant to GN and are not reported. Category 15 (Investments) is not deemed material because most investments relate to retail activities in the Hearing division, which are covered in Category 9 (Downstream transportation and distribution).
Report Date: 4Q2024Relevance: 80%
- Provide a comprehensive list of Scope 3 GHG emissions categories that are included in your inventory, along with a justification for any categories that have been excluded, as per the requirements outlined in Disclosure Requirement E1-9 regarding anticipated financial effects from material physical and transition risks and potential climate-related opportunities.
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Question Id: E1-6_27
Included categories: 1 (Purchased goods and services), 2 (Capital goods), 3 (Fuel and energy-related activities), 4 (Upstream transportation and distribution), 5 (Waste generated in operations), 6 (Business travel), 7 (Employee commuting), 8 (Upstream leased assets), 9 (Downstream transportation and distribution), 11 (Use of sold products), 12 (End-of-life treatment of sold products). Excluded categories: 10 (Processing of sold products), 13 (Downstream leased assets), 14 (Franchises), 15 (Investments).
Report Date: 4Q2024Relevance: 75%
- Provide a detailed account of the reporting boundaries considered and the calculation methods employed for estimating Scope 3 greenhouse gas (GHG) emissions. Specify the calculation tools utilized, if any, for each significant Scope 3 GHG category, ensuring consistency with the Greenhouse Gas Protocol (GHGP) guidelines.
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Question Id: E1-6_29
Reporting of Scope 3 GHG emissions is based on the GHG Protocol guidance. Categories 1, 3, 4, 7, and 11 are calculated from 12 months of data, while categories 2, 5, 6, 8, 9, and 12 are calculated from 10 months of data. Category 2 has been calculated for 9 months of data, but includes a significant lease expense occurring in Q4. Primary data from suppliers was used in categories 1, 3, 4, 7, and 8, contributing to an estimated 14% of total Scope 3 emissions.
Report Date: 4Q2024Relevance: 65%
- Disclose the GHG emissions intensity of the undertaking, calculated as total GHG emissions per net revenue.
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Question Id: E1-6_30
GHG emissions intensity (location-based) per net revenue is 19.4 tCO2eq/DKK million. Total GHG emissions (market-based) per net revenue is 14.5 tCO2eq/DKK million.
Report Date: 4Q2024Relevance: 50%
- Disclose the GHG emissions intensity of your undertaking, calculated as the total GHG emissions per net revenue, in accordance with the requirements set forth in section 46 of the ESRS regulations.
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Question Id: E1-6_31
GHG emissions intensity (location-based) per net revenue is 19.4 tCO2eq/DKK million. Total GHG emissions (market-based) per net revenue is 14.5 tCO2eq/DKK million.
Report Date: 4Q2024Relevance: 80%