Letter from the CEO About Nilfisk CSR strategy and approach New ambitious targets for sustainability It’s been a decade since Nilfisk made its first official commitment to track and improve efforts within CSR by signing the United Nation’s Global Compact. Our efforts since then have placed us in the leadership category of our industry when it comes to climate action and overall sustainability performance. In 2021, our efforts were further acknowledged when we received an ‘A-‘ score in the globally recognized CDP rating, ranking among the top 19% of all companies within our peer group. Also the EcoVadis 2021 Silver rating placed us in the top range of companies assessed across industries. Sustaining this leadership position is imperative for us. We want to remain leaders, and are ready to further accelerate our sustainability efforts, setting new ambitious targets. This re-emphasizes our support to the higher value- creating contribution of those initiatives, not only for sustainable business, but for society in general. Progress through collaboration During second half of 2021 alone, we have seen a doubling of customers asking for insights into our sustainability efforts. Across geographies, segments, and company size, we see clear signs that also our customers have started to integrate our CSR performance into their assessment of us. It underlines that we are all part of each other’s eco- systems and scopes, and that only by collaborating we will see sufficient progress. We have engaged with customers, investors, legislators, suppliers, and employees to discuss how Nilfisk can continue to deliver measurable actions to lower our carbon footprint and drive CSR progress. CSR, ESG, carbon emission reduction, and circular economy are complex matters, and for many it is entering new territory ground. That is why we continue to train our frontline people in understanding our sustainability efforts and ambitions to be able to answer questions from and take the dialogue with our customers. Strategy focused on long-term sustainable growth As a global market leader, we acknowledge the importance of making a serious effort to reduce our climate footprint while growing our business. Based on a strategic review in 2021, we have formulated a five-year business plan focusing on enabling long-term sustainable growth. One of the strategic priorities in this plan focuses on leading the industry with sustainable products and solutions. Any new product platform will be designed to set a new benchmark for sustainability and improved scalability, and in addition, we will provide upgrades to our current offer of products and services to help reduce carbon footprint and to enhance digital functionalities. As an integral part of our business plan, we have enhanced our commitment to ambitious carbon emission reductions by 2030. We have set near-term emission reduction targets linked to the Science Based Targets initiative (SBTi), reducing greenhouse gas emissions from direct and indirect purchased energy sources, and from the use of sold products. In addition, we have committed to wider sustainability targets on important social parameters. 3 NILFISK CSR REPORT 2021
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