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ESRS disclosure: ESRS E1 \ DR E1-1 \ Paragraph 16 h
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- Provide a detailed explanation of how the transition plan for climate change mitigation is integrated into and aligned with your company's overall business strategy and financial planning.
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Question Id: E1-1_13
Moreover, our climate reduction initiatives as described on these pages, are anchored within our existing business model and financial planning. This is further supported by the fact that we do not currently have material climate-related financial risks (see page 29), and the fact that GN is not excluded from the Paris-aligned benchmarks.
Report Date: 4Q2024Relevance: 60%
- Provide a detailed account of the actions and resources allocated towards climate change policies, specifically highlighting the achieved and anticipated reductions in greenhouse gas emissions, as stipulated under Disclosure Requirement E1-3.
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Question Id: E1-3_04
GN has implemented several decarbonization levers to meet climate targets, including renewable energy, energy efficiency, and fleet electrification. In 2024, GN achieved a 58% reduction in Scope 1 and 2 emissions from the 2021 baseline. Scope 3 emissions decreased by 26% from the 2021 baseline. The company plans to continue renewable energy initiatives and energy audits to further reduce emissions. GN aims for an 80% reduction in Scope 1 and 2 emissions by 2030 and a 25% reduction in Scope 3 emissions by 2030.
Report Date: 4Q2024Relevance: 50%