GN Store Nord
ESRS disclosure: ESRS E5 \ DR E5-2 \ Paragraph 20d
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- Provide a detailed description of the application of circular business practices within your organization. Specifically, outline any actions and resources dedicated to the following areas: (i) value retention actions, including maintenance, repair, refurbishing, remanufacturing, component harvesting, upgrading, reverse logistics, closed loop systems, and second-hand retailing; (ii) value maximisation actions, such as product-service systems and collaborative and sharing economy business models; (iii) end-of-life actions, including recycling, upcycling, and extended producer responsibility; and (iv) systems efficiency actions, such as industrial symbiosis. Ensure that your response aligns with the requirements set forth in Disclosure Requirement E5-2 and ESRS 2 MDR-A.
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Question Id: E5-2_04
Our Environmental Policy also covers resource outflows, stating that we strive to minimize generation of waste from our business by including circularity principles, such as durability, repairability, recyclability and ease-of-disassembly, into the design of our products. The policy also states that in terms of management of products in-market or at end-of-life, we strive to recover or maintain value through services and partnerships that support reuse, refurbishment or recycling of products or components through enabling remanufacturing, refurbishment, repair, out-of-warranty takeback schemes and as-a-service leasing models. This policy is approved by our Board of Directors, and Executive Management is accountable for implementation. Our policy commitments also include ongoing work to ensure compliance with product recycling legislation, where we finance recycling infrastructure according to the EU WEEE directive in EU markets. In the U.S. states, where some of our products are covered by extended producer responsibility legislation, in 2024 we established partnerships to enable end-users to send their products in for recycling.
Report Date: 4Q2024Relevance: 85%
- Has the undertaking considered ecological thresholds and entity-specific allocations when setting targets related to resource use and circular economy? If so, specify the ecological thresholds identified and the methodology employed to determine these thresholds.
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Question Id: E5-3_10
All targets have been set based on insights into development trends in the market, as well as considering availability of resources, materials, supplier performance, and cost considerations. All current targets and our ambition level in setting further targets in this area is to comply proactively with legislation and stakeholder expectations. As such, we determine which metrics to use for our targets based on three considerations:
- (Emerging) legislation, such as right-to-repair and extended producer responsibility laws, which could require reporting on progress in specific areas of resource outflows
- Stakeholder demands, such as customers requiring further insights in progress in areas of for example repairability or durability
- Effectiveness of achieving greater circularity in our business model, where targets should be in areas where the metric best represents true circularity impact, as measured by progress towards current or future targets
Report Date: 4Q2024Relevance: 40%