GN Store Nord
ESRS disclosure: ESRS E2 \ DR E2-2
Tags Tree
- Identify the specific layer within the mitigation hierarchy to which the action and resources related to pollution can be allocated, as per Disclosure Requirement E2-2.
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Question Id: E2-2_01
Pollution of air, water, and soil is allocated to both own operations and value chain (VC).
Report Date: 4Q2024Relevance: 30%
- Provide a detailed account of any actions and resources related to pollution that extend to upstream or downstream value chain engagements. Include a description of material incidents and deposits where pollution has negatively impacted the environment or is anticipated to affect the undertaking's financial cash flows, financial position, and financial performance over short-, medium-, and long-term periods.
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Question Id: E2-2_02
GN has identified two negative impacts related to pollution: 1) The use of substances of concern during production processes within own operations, affecting human health and ecosystems. 2) The release of harmful substances during raw material extraction and transportation in the upstream value chain, polluting water, soil, and food. Actions include substituting hazardous substances, auditing suppliers for compliance, and phasing out specific substances in outsourced manufacturing.
Report Date: 4Q2024Relevance: 85%
- Specify the layer within the mitigation hierarchy to which actions and resources related to pollution are allocated, in accordance with Disclosure Requirement E2-2.
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Question Id: E2-2_03
Pollution of air, water, and soil is allocated to both own operations and value chain (VC).
Report Date: 4Q2024Relevance: 50%
- Provide a detailed account of any site-level action plans that have been implemented to address pollution, including a description of material incidents and deposits where pollution has negatively impacted the environment or is anticipated to affect the company's financial cash flows, financial position, and financial performance across short-, medium-, and long-term horizons. This information should align with the undertaking's pollution-related policy objectives and targets.
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Question Id: E2-2_04
GN's Environmental Policy includes compliance with legislation related to substances of concern. Actions include substituting hazardous substances, auditing suppliers, and phasing out specific substances in outsourced manufacturing. In 2024, GN reduced isopropyl alcohol consumption and substituted dichloromethane with a safer alternative. The focus is on continuous evaluation of compliance and phasing out halogens in outsourced manufacturing.
Report Date: 4Q2024Relevance: 60%
- What are the anticipated financial effects stemming from material pollution-related risks and opportunities? Provide a comprehensive disclosure of any relevant contextual information, including a detailed description of significant incidents and deposits where pollution has negatively impacted the environment or is expected to adversely affect the undertaking's financial cash flows, financial position, and financial performance across short-, medium-, and long-term time horizons. Additionally, describe the processes employed to identify and assess material pollution-related impacts, risks, and opportunities, as outlined in the outcome of your materiality assessment.
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Question Id: E2.IRO-1_03
To assess the materiality of IROs in terms of financial risks or opportunities, we used the same prioritization in terms of value chain industries and economic activities in our own operations as impact scoring. We used our existing enterprise risk management mechanism to score risks on a 0-5 scale, meaning we gave equal weight to likelihood and two factors constituting magnitude combined: revenue impact and reputational risk. For revenue impact, we used the same thresholds as for other risks to score risks between minor and critical, thereby giving equal weight to sustainability-related risks as to other risks. Our double materiality process is aligned with our enterprise risk management and overall business strategy processes, as we use the insights gathered in the double materiality assessment to improve our assessment of the relative financial risk materiality of ESG topics to inform business decisions related to risk mitigation in accordance with the overall enterprise risk management process. For opportunities, we apply the same process where instead of financial risk we assess the relative financial upside.
Report Date: 4Q2024Relevance: 60%