The reason for climate accounting

Based on the Paris Agreement and the CSRD directive, there will be increased focus on emissions in companies' value chains in the coming years.

For WALLTEC, this means that, in order to be considered as a supplier, we must document emissions in Scope 1, 2, and 3. In other words, we need to use data to identify where we must reduce CO₂ emissions within our value chain.

After thorough training, we have created a guiding climate accounting report using the Danish Business Authority's tool, Klimakompasset.

The climate accounting report marks the beginning of a process that we will repeat annually.

 

Conclusion

It is important to emphasize that Klimakompasset is a tool that provides a guiding result – NOT a final one. However, the tool is of such good quality that it provides us with a solid direction. The results from Klimakompasset indicate that:

  • We have a small emission in Scope 1, which includes the emissions that we are directly responsible for – for example, gasoline consumption in our vehicles.
  • Like everyone else, we emit the most in Scope 3, which covers areas that we do not directly control. This includes the emissions from our suppliers in the production of the products they deliver to us. Naturally, we have no control over this, but the exercise has been to investigate what their approximate emissions are.

Initiatives
We are focused on understanding and reducing emissions in Scope 3.

A concrete measure is the ongoing replacement of our vehicle fleet with electric vehicles instead of fossil fuel-powered ones.
We will continuously investigate whether our products can be produced and transported with lower emissions. We have an ongoing dialogue with our suppliers about this.