Gabriel_Annual_Report_2024-25 - Flipbook - Page 40
CONTENTS // SUSTAINABILITY STATEMENT // ENVIRONMENT – CLIMATE AND ENERGY
Policies and processes
Climate and energy matters are integrated into the
Group’s sustainability policy. The policy’s objective is to
ensure that Gabriel works towards reducing its climate
impact and energy consumption and preventing, mitigating and addressing significant impacts, risks and
opportunities related to climate change mitigation and
adaptation.
Gabriel draws on knowledge from stakeholder engagement to develop and implement the policy, including
collaboration with suppliers, customers and industry
associations. The policy is available in Gabriel’s management system and published as part of Gabriel’s
sustainability statement.
The policy applies to the entire Group and covers own
operations and value chain operations. It is laid down and
approved by Gabriel’s CEO, anchored in the management system and implemented through strategic actions
and processes. The policy is reviewed and updated to
reflect changes in the risk landscape, new legal requirements, changes in the company’s operations etc.
Processes related to climate-related impacts, risks
and opportunities
Processes to identify, assess, address and reduce climaterelated impacts, risks and opportunities are integrated
into the management system. Monitoring comprises an
annual GHG inventory and monthly monitoring of energy
consumption, action plan status and target achievement.
Progress is reported to management and published in
the sustainability statement.
The policy describes initiatives to reduce GHG emissions,
increase energy efficiency and the share of renewable
energy and to achieve CO2e reductions in scopes 1, 2
and 3. Gabriel undertakes to comply with international
standards and initiatives, including the GHG Protocol,
Science Based Targets initiative (SBTi), ISO 9001 and
ISO 14001 and the UN Global Compact.
Gabriel identifies and assesses climate-related impacts,
risks and opportunities for its own operations and value
chain operations. The assessments comprise both physical risks such as energy supply and transition risks related
to regulation, technology and market expectations.
Physical risks and transition risks are assessed for short-,
medium- and long-term time horizons and include an
assessment of likelihood and scope. The work is based
on the double materiality principles, and targets have
been set and action plans made for reduction of GHG
emissions. Climate-related opportunities, including improvement of energy efficiency and renewable energy
use, are part of the strategic assessment.
The company annually screens and maps operations
to identify sources of GHG emissions and other climaterelated impacts and assesses actual and potential emissions. In addition to scopes 1 and 2 emissions, Gabriel
also maps scope 3 emissions from base year 2024/25.
The company identifies climate-related hazards and assesses exposure and sensitivity in the double materiality
assessment. Gabriel has chosen not to perform climate
scenario analyses for the 2024/25 financial year. The
basis for the decision is an assessment of the current
risk landscape and the fact that the identification and
assessment of transition risks and opportunities can be
based on the double materiality assessment.
In Gabriel’s view, the company is resilient to the main
climate-related risks, with the reservation that uncertainty surrounds the development of climate change.
This view is based on the double materiality assessment and the reported risks and opportunities identified by Group companies and functions under management systems. In addition, climate change adaptation
actions are integrated into the company’s sustainability
strategy and action plans. Gabriel therefore chose not
to perform a scenario-based resilience analysis for the
2024/25 financial year.
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