As you can read from the report, during the year we have enhanced our three key sustainability commitments with concrete actions to reduce our climate impact, provide a safe and inclusive workplace, and ensure high ethical standards and compliance across our value chain.
Actions on Climate and Circularity
During 2023, we reached our 2025 target of reducing Scope 1 and 2 CO2 emissions by 75% ahead of time. This was largely due to decreased fuel consumption and reductions in emissions from purchased electricity. For 2024, our aim is to establish data from the company’s entire CO2 emissions and the long-term emissions reduction target, to reach net-zero.
We created our first EPD (Environmental Product Declaration) for Ensto’s SLIW insulation piercing connectors, and the work continues to create more EPDs in 2024. Unfortunately, most of the other climate and circularity goals are not advancing as targeted.
People as Our Drivers for Success
In 2023, we prioritized health and safety, with the goal of decreasing the number of accidents and improving safety measures. Accidents with sick leaves decreased from 19 to 7 compared to the previous year and new factories joined the 0-accident level. We continue to foster a culture where safety is a top priority, and employees are encouraged to report health and safety observations.
We believe the diverse and inclusive workplace can best serve our customers and boost creativity and innovation. The planned diversity and inclusion actions progressed according to plans concentrating on competence building.
The changes in our business environment and in the company's operation caused uncertainty among employees which reflected through our employee engagement survey results in 2023.
Dedication to Ethics and Human Rights
Ensto works on safeguarding human rights in its global supply chains. In 2023, we moved to a systematic approach to human rights. We conducted a comprehensive review of human rights issues, evaluated risks and created Ensto’s first Human Rights Due Diligence Action plan. In 2023, Ensto published and trained its Anti-corruption and Antibribery Policy. In 2024, Human Rights Policy will be created to support the work forward.
How we are moving toward a more sustainable tomorrow is all gathered to our Sustainability report 2023. In the report, you can find for example information on our performance, development projects, local highlights, how we ensure high ethical standards and compliance across our value chain, and stakeholder engagement.
We hope you enjoy reading this report and welcome you to follow our sustainability progress in the future too! Let's continue to strive for our common purpose: making life better with electricity. Sustainably.