GN Store Nord
ESRS disclosure
Tags Tree
- Has your company established greenhouse gas emission reduction targets, and if so, are these targets disclosed in absolute terms (either in tonnes of CO2 equivalent or as a percentage of emissions from a base year) and, where applicable, in intensity value?
-
Question Id: E1-4_17
GN has set Board-approved science-based GHG emission reduction targets. They are committed to reducing absolute GHG emissions (metric tons CO2eq) in Scope 1 and 2 by 80% and in Scope 3 by 25% by 2030 from a 2021 baseline. GN is also committed to reaching net-zero GHG emissions by 2050 at the latest, meaning 90% reduction with neutralization of unabated emissions to reach net zero. The targets cover all GHGs stipulated in the GHG Protocol and all activities in GN’s own operations and value chain globally.
Report Date: 4Q2024Relevance: 95%
- Provide a detailed explanation of how your organization ensures the consistency of its greenhouse gas (GHG) emission reduction targets with the established GHG inventory boundaries. This should include a disclosure of targets for Scope 1, 2, and 3 GHG emissions, whether reported separately or combined. If targets are combined, specify which GHG emission scopes are covered, the proportion related to each scope, and the specific GHGs included. Confirm that these targets are gross targets, excluding GHG removals, carbon credits, or avoided emissions as methods to achieve the reduction targets, in accordance with Disclosure Requirement E1-6.
-
Question Id: E1-4_18
GN has set Board-approved science-based GHG emission reduction targets. They are committed to reducing absolute GHG emissions (metric tons CO2eq) in Scope 1 and 2 by 80% and in Scope 3 by 25% by 2030 from a 2021 baseline. GN is also committed to reaching net-zero GHG emissions by 2050 at the latest, meaning 90% reduction with neutralization of unabated emissions to reach net zero. The targets cover all GHGs stipulated in the GHG Protocol and all activities in GN’s own operations and value chain globally.
Report Date: 4Q2024Relevance: 80%
- Has the undertaking set GHG emission reduction targets, and if so, what is the current base year and baseline value? Additionally, from 2030 onwards, has the undertaking updated the base year for its GHG emission reduction targets every five years? Furthermore, is there any past progress made in meeting these targets before the current base year, and is this information consistent with the requirements of this Standard?
-
Question Id: E1-4_19
The base year for GN's GHG emission reduction targets is 2021. They have set targets to reduce absolute GHG emissions in Scope 1 and 2 by 80% and in Scope 3 by 25% by 2030 from this baseline. GN is committed to reaching net-zero GHG emissions by 2050 at the latest, meaning 90% reduction with neutralization of unabated emissions to reach net zero.
Report Date: 4Q2024Relevance: 75%
- Provide a detailed explanation of the methods employed to ensure that the baseline value, used for measuring progress towards climate change mitigation and adaptation targets, accurately represents the activities covered and accounts for external influences. Include considerations such as temperature anomalies affecting energy consumption and related greenhouse gas emissions. Specify whether normalization of the baseline value or the use of a 3-year average was applied to enhance representativeness and achieve a more faithful representation.
-
Question Id: E1-4_20
GN disclosed GHG emissions in Scopes 1, 2, and 3, covering all business activities, for the first time in 2021. Data accuracy for that reporting year is sufficient for reliable representation of GN’s GHG emissions. To improve the accuracy and comparability of their carbon accounting, they have updated their methodology, most significantly changes to the emission factors applied. The 2021 baseline has been recalculated so there is no effect on their targets.
Report Date: 4Q2024Relevance: 60%
- Provide a detailed explanation of how the newly established baseline value influences the revised target, its attainment, and the depiction of progress over time. Ensure that any changes to the baseline value or base year are justified by significant alterations in either the target or the reporting boundary. Additionally, confirm that the selected base year for new targets does not precede the first reporting year of the new target period by more than three years, to maintain comparability.
-
Question Id: E1-4_21
GN disclosed GHG emissions in Scopes 1, 2 and 3, covering all business activities, for the first time in 2021. Data accuracy for that reporting year is sufficient for reliable representation of GN’s GHG emissions. To improve the accuracy and comparability of our carbon accounting, we have updated our methodology, most significantly changes to the emission factors applied. The 2021 baseline has been recalculated so there is no effect on our targets (see the Restatements section on page 42).
Report Date: 4Q2024Relevance: 60%
- Has the undertaking established GHG emission reduction targets that are science-based and aligned with the objective of limiting global warming to 1.5°C? Specify the framework and methodology utilized to determine these targets, including whether they follow a sectoral decarbonisation pathway. Detail the underlying climate and policy scenarios, and confirm if the targets have undergone external assurance. Additionally, provide a concise explanation of how future developments, such as changes in sales volumes, shifts in customer preferences and demand, regulatory factors, and new technologies, have been considered in setting these targets and their potential impact on both GHG emissions and emissions reductions.
-
Question Id: E1-4_22
GN has set Board-approved science-based GHG emission reduction targets to manage our climate-related impact and risks by decarbonizing in line with the scientific consensus on the urgency of addressing climate change and the degradation of nature. We are committed to reduce absolute GHG emissions (metric tons CO2eq) in Scope 1 and 2 by 80% and in Scope 3 by 25% by 2030 from a 2021 baseline. GN is also committed to reaching net-zero GHG emissions by 2050 at the latest, meaning 90% reduction with neutralization of unabated emissions to reach net zero. These targets cover all GHGs stipulated in the GHG Protocol and all activities in GN’s own operations and value chain globally. Our near-term targets have been set using the Science Based Targets initiative’s (SBTi) Criteria v5.0 with the absolute contraction approach and the cross-sector pathway, which is based on the P1 scenario in the IPCC Special Report on Global Warming of 1.5°C. It has been assumed that GN’s core business activities will not change by 2030. We have aligned our net-zero target to the SBTi’s cross-sector absolute reduction method for long-term targets.
Report Date: 4Q2024Relevance: 85%
- Provide a detailed description of the expected decarbonisation levers and their overall quantitative contributions towards achieving the GHG emission reduction targets, as outlined in Disclosure Requirement E1-4 concerning climate change mitigation and adaptation. Include specific strategies such as energy or material efficiency, consumption reduction, fuel switching, utilization of renewable energy, and the phase-out or substitution of products and processes.
-
Question Id: E1-4_23
To meet our Scope 3 target of 25% reduction in emissions by 2030, we prioritize:
Product and packaging design: We have increased the use of lower carbon materials in new product development, particularly in the Enterprise division. From having used less than 1% recycled or renewable plastic in our products in 2021, we have increased the proportion of recycled or renewable plastics and synthetic fibers out of total weight of plastic and synthetic fibers to 11.4% across our product portfolio in 2024. Four new products with recycled or renewable plastic were launched in 2024, with more products containing recycled or renewable plastic to be launched in 2025.
Decarbonization of transport and logistics: Reducing air freight is a significant decarbonization lever for GN. In 2024, we reduced the share of air freight (by tonkm) from the global to regional distribution hubs in our Enterprise division from 94% in 2021 to 22%, which was the main driver for the absolute reduction of 50,313 tCO2eq in Scope 3 category 4 (14% of total Scope 3 emissions in 2021). We will continue switching to ocean and rail freight wherever possible.
Renewable energy in the supply chain: To reduce emissions from outsourced manufacturing we track our suppliers’ share of renewable energy consumption and will engage them to increase where necessary in support of our long-term targets.
Report Date: 4Q2024Relevance: 85%
- Has the undertaking considered a diverse range of climate scenarios, including at least one scenario compatible with limiting global warming to 1.5°C, to identify relevant environmental, societal, technology, market, and policy-related developments and determine its decarbonisation levers, as required under Disclosure Requirement E1-4? Additionally, if applicable, provide an explanation of the anticipated financial effects from material physical and transition risks and potential climate-related opportunities as outlined in Disclosure Requirement E1-9, ensuring that the disclosure aligns with the qualitative characteristics of useful information as specified in ESRS 1 Appendix B.
-
Question Id: E1-4_24
We applied different climate scenario analysis over the short, medium and long term to identify and assess climate-related acute and chronic physical risks, such as extreme weather events, heat and water stress and sea level rise, as well as transition risks, such as carbon pricing, regulatory change, changing customer behavior, and availability of materials. For climate-related physical risks, geolocations data for our facilities and those of our suppliers was used to assess relevant risks. A high-level qualitative assessment was carried out using the RCP8.5, IEA Net-Zero Emissions by 2050 Scenario (NZE) and IEA STEPS scenarios. The RCP8.5 scenario gives us the likely upper end of risk exposure of the business to climate-related hazards in the future. Here, the Shared Socioeconomic Pathway 3 was chosen to reflect recent trends in international affairs. The IEA’s new Net Zero Roadmap report and IEA’s NZE and STEPS scenario were applied to identify and assess climate-related transition risks and opportunities that GN may face in the future if the world pursues a path to net-zero emissions by 2050 or if climate action is less aggressive and policymaking is assumed to remain as today.
Report Date: 4Q2024Relevance: 85%
- Provide the total energy consumption in megawatt-hours (MWh) associated with your own operations, as required by Disclosure Requirement E1-5, including a breakdown of the energy mix.
-
Question Id: E1-5_01
The total energy consumption is 32,017 MWh. The breakdown of the energy mix is as follows:
- Fuel consumption from coal and coal products: Not specified
- Fuel consumption from crude oil and petroleum products: 11,613 MWh
- Fuel consumption from natural gas: 2,064 MWh
- Fuel consumption from other fossil sources: Not specified
- Consumption of purchased or acquired electricity, heat, steam, and cooling from fossil sources: 5,220 MWh
- Total fossil energy consumption: 18,897 MWh
- Consumption from nuclear sources: 366 MWh
- Fuel consumption for renewable sources: Not specified
- Consumption of purchased or acquired electricity, heat, steam, and cooling from renewable sources: 12,754 MWh
- Total renewable energy consumption: 12,754 MWh
Report Date: 4Q2024Relevance: 50%
- Provide the total energy consumption in megawatt-hours (MWh) related to your own operations, specifically disaggregating the data to include the total energy consumption from fossil sources.
-
Question Id: E1-5_02
The total energy consumption from fossil sources is 18,897 MWh.
Report Date: 4Q2024Relevance: 50%