Gabriel_Annual_Report_2024-25 - Flipbook - Page 41
CONTENTS // SUSTAINABILITY STATEMENT // ENVIRONMENT – CLIMATE AND ENERGY
Activities related to climate and energy
Gabriel’s strategy and business model ensure the company’s support of the transition to a sustainable economy
and help limit global warming to 1.5°C in line with the
Paris Agreement.
Gabriel has therefore integrated the climate and energyrelated work in its strategic focus areas and has set
reduction targets for scopes 1, 2 and 3 emissions. In
support of the targets, Gabriel allocates both financial and human resources to climate action each year.
Towards 2029/30, 5-10% of the capital expenditure
(CapEx) budget is dedicated to investments in climate
and energy-related projects, which are ranked on their
reduction potential and economy. The effect of actions is
followed internally to ensure the resources are used efficiently and contribute to the overall climate objectives,
all of which are reported externally each year.
Mapping of emissions
Gabriel has mapped scope 1, 2 and 3 emissions in
2024/25. The mapping shows that 98% of Gabriel’s emissions (market-based) derive from the value chain.
Mitigating actions
Mitigating actions are aimed at reducing the company’s
GHG emissions and limiting its negative impact on the
climate. Gabriel works to implement technologies and
projects that reduce GHG emissions. These actions will
be implemented according to a transition plan towards
2029/30, with 2024/25 as base year. The base year represents a normal year of operation without any extraordinary circumstances and covers all key operations
and geographies. The base year will be reassessed in
the event of significant changes in operations or external conditions.
The transition plan comprises:
Emissions reductions related to own operations,
scopes 1 and 2
GHG emissions from Gabriel’s own operations, scopes
1 and 2, relate to the use of electricity and heating (district heating and gas). Most of this consumption and the
most significant emissions are attributable to production
and storage facilities and head office and to fuel for the
Group’s cars. Gabriel has defined the following action
areas to reduce these emissions:
Improvement of energy efficiency:
Insulation, process optimisation, energy consumption
management and introduction of new product and
production technology will reduce the climate impact of
buildings and processes. Third-party energy mapping
is performed at selected locations every four years to
identify reduction possibilities. The latest mapping was
in 2022, and the next will be in 2026. In addition, activities are determined in business plans and circumstances
taken into account in investments.
Transition from fossil fuels:
Towards 2029/30 Gabriel supplements gas and district
heating with heat pumps or other low-energy solutions
at selected locations where it is possible to use renewable energy.
Fossil fuel driven company cars will be replaced by
electric cars towards 2029/30. The transition will be assessed based on local conditions and access to charging
infrastructure. In some cases, hybrid cars may have to
be chosen due to the lack of infrastructure for charging.
Use of renewable energy:
Gabriel has installed solar panels on the roofs of the dyeworks UAB Gabriel Textiles in Lithuania and head office
in Aalborg and uses certificates of origin to compensate
for all of the Group’s consumption of electricity which is
not produced by our own solar panels. The Group’s electricity consumption is therefore CO2e neutral. This will be
maintained until 2029/30.
Emissions reductions related to the value chain,
scope 3
Most of Gabriel’s emissions come from value chain
operations. The main categories are purchased goods
and services, end-of-life treatment of the products and
upstream and downstream transportation and distribution of goods, which together account for 93% of
Gabriel’s total scope 3 emissions.
To reduce emissions from the groups of goods with the
biggest impacts, Gabriel has the following action areas:
• Conversion to materials with a lower climate impact: increase the use of recycled and low-emission materials.
• Process optimisation and reduction of materials consumption: minimise materials consumption by optimising Gabriel’s processes. Introduction of new product
and production technology.
• Collaboration with suppliers: require suppliers who
contribute, or are likely to contribute to significant GHG
emissions to use renewable energy in their production and engage in dialogue about specific reduction
targets for GHG emissions.
• Reduction of waste.
The scopes 1 and 2 reduction initiatives are judged to
be technically and financially feasible. Realisation of the
scope 3 potential depends on our suppliers’ ability and
willingness to provide documentation and achieve actual
reductions. It is judged possible to reduce emissions to
the targets by fulfilling the strategy and associated activities. Gabriel judges that there are no significant embedded GHG emissions in its assets or products. They
therefore pose no risk to achieving the reduction targets.
Targets
Gabriel has set science-based reduction targets for
GHG emissions, compatible with limitation of global
warming to 1.5°C. The Board of Directors and Executive
Board have approved the transition plan, which is expected to be validated by SBTi in the first quarter of the
2025/26 financial year. Near-term targets have been
set for 2029/30. Gabriel has not set targets for climate
neutrality (net-zero) for 2050. The starting point for the
targets is the company’s current business model. Baseline
will be reassessed in the event of significant changes in
operations. The targets are stated in % (tonnes of CO2e)
with 2024/25 as base year.
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