Sustainability

Business sustainability revolves around steering corporations with a focus on longevity. We aim for the generation of enduring value, viewing sustainability as a primary engine to guide our businesses towards achieving a robust, sustainable, and profitable expansion.

Sustainability Strategy

At SP Group, we firmly believe that our journey towards achieving sustainable growth begins with the cultivation of a robust and strategic approach to sustainability. Our Sustainability Strategy underscores our commitment to leading our industry in Denmark and the world towards a future that's not only profitable but also environmentally responsible. With a clear understanding of our integral role within the ecosystem, we strive to balance our ambitious growth targets with sustainable practices that will protect and nurture our planet for generations to come.

Our strategy places a significant emphasis on innovation and responsible sourcing. We are investing heavily in cutting-edge technologies and processes that minimize our environmental impact, while also enhancing the quality and efficiency of our products. Utilizing recycled and sustainably sourced materials is a core part of our business philosophy. We are committed to ensuring that every stage of our operation, from raw material sourcing to product manufacturing and disposal, upholds the highest environmental standards.

Additionally, we recognize the importance of transparency and accountability in our pursuit of sustainability. We commit to providing regular updates on our sustainability efforts, setting ambitious but attainable goals, and holding ourselves accountable for reaching them. We understand that achieving these objectives will require the effort of not just our workforce, but also our partners, stakeholders, and customers. Together, we believe we can usher in a new era of sustainable growth for SP Group and lead the way towards a greener, more sustainable future for all.

Sustainability Goals

1.

Powering Our Future with Renewable Energy

Entire global production powered by renewable energy by 2030

In a world where sustainability is no longer a choice but a necessity, SP Group is committed to taking the lead in setting industry standards. Our pledge is clear: by 2030, our entire global production will be powered solely by renewable energy sources. This goal underscores our commitment to not just reduce our carbon footprint, but to reshape the way industries perceive energy consumption and production.

Transitioning to renewable energy is not merely about adopting new technologies; it's a reflection of our broader vision to champion a sustainable future for our planet. We recognize the profound impact businesses can have on the environment, and as a leader in the manufacturing industry, we feel it's our responsibility to pave the way. This initiative is more than a milestone for SP Group — It's our promise to our clients, our communities, and future generations. Embracing renewable energy is not just a step towards a sustainable business model, but it's also our contribution to a greener, healthier world for everyone.

2.

Reducing our carbon load

Achieving Carbon Neutrality in Scope 1 and 2 Emissions by 2030

As part of our ongoing mission to contribute to a more sustainable future, SP Group is fully committed to becoming carbon neutral in Scope 1 and 2 emissions by 2030. These scopes cover all direct emissions from our operations, including fuel combustion and electricity consumption, as well as indirect emissions from purchased energy. This ambitious but achievable goal serves as a cornerstone in our comprehensive sustainability strategy, reflecting our resolve to be a change-maker in environmental stewardship.

Reducing our carbon footprint is a complex endeavor that necessitates a multi-faceted approach. This includes transitioning to renewable energy sources, improving energy efficiency across all our operations, and investing in carbon offset initiatives that contribute to global sustainability. The steps we are taking aren't just a compliance measure; they signify a paradigm shift in how we conduct our business. By prioritizing carbon neutrality, we send a message to our partners, customers, and to society at large that environmental responsibility is an integral part of SP Group’s DNA. Our commitment to achieving carbon neutrality in Scope 1 and 2 emissions by 2030 is not just an organizational goal; it is a promise to contribute meaningfully to the global fight against climate change.

3.

No impact on the environment

Achieving Zero Environmental Impact from Operations

At SP Group, our vision transcends merely reducing our environmental footprint; we aim to eliminate it entirely. By the end of this decade, we are committed to achieving zero environmental impact from our operations. This goal is not only ambitious but reflects our unyielding commitment to social and environmental responsibility. As we forge ahead, every decision we make is underscored by its impact on our planet and its ecosystems.

Achieving this monumental goal will require a systemic change in how we operate, from resource allocation to waste management, and beyond. We are implementing circular economy principles, maximizing resource efficiency, and minimizing waste through recycling and reusing materials. Moreover, we are investing in cutting-edge technologies that mitigate harmful emissions and optimize energy use. By taking a holistic approach that addresses all facets of our operations, we aim to create a ripple effect, inspiring our partners, stakeholders, and competitors to join us on this essential journey. Zero impact is not just a target; it's a philosophy that underpins our vision for a sustainable, resilient, and inclusive future for all.

Nasdaq ESG Transparency