Promoting Sustainability
During 2022, KWH Group developed an ESG strategy for active ownership and an accompanying ESG handbook for our business divisions. Our ESG strategy describes our sustainability ambitions and serves as a framework and common direction for the group’s long-term sustainability ambition. The handbook provides practical guidance to our business groups on how to implement the strategy and proposed actions. Additionally, it provides information on current and upcoming sustainability related regulations, laws, and standards.
KWH Group’s corporate strategy is to be a clear and long-term owner, creating value in business divisions and building successful companies. Integrating sustainability into the group is a prerequisite for long-term value creation within our companies. Sustainable business development is also a prerequisite for reducing the impact on the climate, managing the effects of climate change, and for fair and democratic societies. In the different business divisions, sustainability can also create competitive advantages and ultimately increased profitability. The foundation of our business model is a profound engagement and high presence in the business divisions to develop and build future-proof companies.
The sustainability topics
of KWH Group
As part of the ESG strategy, a materiality analysis was conducted to identify prioritised sustainability topics that the group should allocate additional resources to. To ensure that sustainability topics are in line with the expectations and requirements of the key stakeholders of KWH Group, stakeholder dialogues were held with owners, representatives from all business divisions, employees, and financial advisors.
The ESG strategy of the KWH Group is based on our values and the results of the materiality analysis. In addition, it sets the future ambition going forward within ESG. As part of the strategy and its three focus areas, a number of sustainability goals will be developed during 2023.
To ensure that the development of the different goals and key figures within our ESG strategy are evaluated and progressing, KWH Group has initiated an extensive collection of sustainability data from all business divisions during 2022. This will be continued in the coming years and the data collection will be further developed to, together with the business divisions, create long-term value through governance, key figures, and monitoring.
Sustainability governance
KWH Group’s philosophy on long-term and sustainable value creation is based on the values of its owners and employees. The CEO of the parent company is ultimately responsible for sustainability within the KWH Group. In turn, the CEOs within the business divisions have the ultimate responsibility for driving sustainability issues in their respective business divisions.
An internal policy framework sets the guidelines for the KWH Group’s actions as a responsible company. The frame-work includes a number of group-specific policies adopted by the group board.
The Code of Conduct, as well as the Code of Conduct for Business Partners, sets the guidelines for how the KWH Group should act as a responsible company. In addition to group-wide policies, the different business divisions also have business-specific policies according to their needs.