Our view on sustainability
Sustainability
Sustainability is an important and a clear part of ADDvise Group’s focus.
For us, it is about taking responsibility and influencing at all levels within the group.
Our view on sustainability
ADDvise’s business idea is to improve, extend, and save lives. It is a social responsibility that contributes to a more sustainable society. For ADDvise, it is important to include all aspects of sustainability and to take responsibility and influence where possible at all levels. Sustainable for the environment, sustainable from a social perspective, and sustainable from a business perspective. Together with our subsidiaries, we see that we make a significant impact.
Sustainability is becoming increasingly fundamental and integrated into our pursuit of better business results. The company continuously strives to develop and improve its sustainability efforts. In the near future, extensive preparations are being made to meet the requirements of the Corporate Sustainability Reporting Directive (CSRD) by gradually expanding the sustainability reporting.
The “Corporate Sustainability Reporting Directive” (CSRD) is a new EU directive that will apply to ADDvise Group from year 2025. The directive requires companies to report on environmental and social impacts. To meet the requirements of CSRD, a set of European Sustainability Reporting Standards (ESRS) has been adopted by the EU.
Sustainability metrics 2023
801,5 MWh
Group’s total energy consumption
22%
Of group’s energy comes from renewable sources
0,35 CO2e ton/MSEK
Emissions of greenhouse gases in terms of turnover
Sustainability goals by 2030
ADDvise’s long-term sustainability goals have a clear connection to the company’s vision of contributing to a sustainable society through products and services that improve, prolong and save people’s lives. The sustainability goals, in combination with the financial goals, will ensure that the company steers towards long-term profitable and sustainable growth.
Environment
- Reduce the carbon dioxide intensity by 50% in scope 1 & 2.
(Including subsidiaries scope 1 & 2).
ADDvise strives to map scope 3 in 2023.
Finance / Governance
- All companies within the Group must have incentives linked to sustainability-related goals.
- 100% of the acquisitions must contribute to the UN’s sustainability goal no. 3 good health and well-being and meet the requirements of ADDvise policy for sustainable investments.
- 1.5% of net sales will be set aside for product development of products that improve, prolong, and save people’s lives.
Social
- Achieve gender equality of people on the board and in senior positions (male and female are represented in the range 40–60%).
- All companies within the Group must comply with a code of conduct.
- Sick leave max 5%.
- Our vision is to work towards Zero workplace accidents.
Be a part of the solution
Sustainability is an important part
To be a long-term successful company, we are convinced that you must be part of the solution to the world’s sustainability challenges. With our sustainability goals, we mark that this is an important issue for us that are deeply rooted within the business. ADDvise’s core business contributes to sustainable society with products and services that prolong, improve and save people’s lives.
UN´s GLOBAL sustainability goals 2030, (SDGs)
ADDvise Group contributes to the UN’s global sustainability goals
UN’s sustainable development goals, SDGs, must contribute to socially, economically, and environmentally sustainable development and be achieved by 2030. ADDvise Group, with subsidiaries, contributes both directly and indirectly to most of the goals presented below. Sustainability is an important and clear part of ADDvise Group’s work. ADDvise Group’s business concept is to improve, extend and save people’s lives. It is a great responsibility that is of the utmost importance for us but also for all people and society at large. This is where our impact is greatest. This means that the goal we contribute to the most is the global sustainability goal 3 – Good health and well-being.
GOAL 3 – GOOD HEALTH AND WELL-BEING
ADDvise companies are important players in both the healthcare sector and the laboratory and research sector. Amongst other things, they contribute to improving healthcare processes and products, enable safe and modern research, development of medicines, vaccines, etc.
Goal 8 – DECENT WORK AND ECONOMIC GROWTH
It is of utmost importance for ADDvise Group to be an employer with decent working conditions. This applies at all stages of the value chain. To ensure decent working conditions at all levels, ADDvise Group has developed a code of conduct that is partially based on the human rights decided by the UN.
GOAL 1 – NO POVERTY
By sponsoring and supporting the charity Hand in Hand, Sweden, ADDvise Group indirectly contributes to reducing poverty. Hand in Hand works with sustainable poverty reduction through entrepreneurship and education and is aimed primarily at women.
GOAL 10 – REDUCED INEQUALITY
Companies within the ADDvise Group hire suppliers for production who work to create jobs and are inclusive of all people, regardless of their functional variations or work ability.
GOAL 5 – GENDER EQUALITY
ADDvise works to achieve a gender-equal group, with a focus on people on the board and senior positions. We have not reached our internal goal of a gender-equal company yet, but we see a clear and sustained trend in the right direction that shows that what we do works. With equality between people in senior positions and the board, ADDvise aims for a distribution between the sexes, of 40/60 percent.
GOAL 12 – RESPONSIBLE CONSUMPTION AND PRODUCTION
Companies within the ADDvise Group are constantly working to improve and develop their production approach. They evaluate sustainable material choices and review packaging materials to achieve the most sustainable production possible.
We support Hand in Hand
By supporting the charity organization Hand in Hand, we help people (mainly women), to help themselves out of poverty through entrepreneurship.
Hand in Hand Sweden is a non-profit organization that works with entrepreneurship as an effective, long-term and sustainable way of fighting poverty. ADDvise Group works according to a decentralized business model where the entrepreneurial spirit and business ability at the local level are of the utmost importance to be retained in acquired companies. ADDvise has a long-term commitment and works annually to increase support for Hand in Hand.
“Supporting a charity organization that is involved in helping to eradicate poverty through education and entrepreneurship to make the world a better place feels important. It is our responsibility as a company to help where we can, even outside our own organization”, says CEO Staffan Torstensson.
Whistleblowing
ADDvise’s whistleblowing function allows for anonymous reporting of misconduct and violations. The whistleblowing function is an important part of ADDvise’s commitment to maintaining a transparent and sustainable business environment with high business ethics. We are committed to respecting and ensuring the safety of everyone affected by ADDvise’s operations, and the whistleblowing function gives everyone an opportunity to inform us of suspected misconduct and violations.
Supplier Code of Conduct
ADDvise Group is committed to conduct all our business with integrity and in an ethical manner with respect for human rights, labor rights, sustainability, anti-corruption and care for the environment. We therefore place great importance on selecting and collaborating with responsible business partners who share these values. The purpose of our Supplier Code of Conduct is to ensure that all our business partners operate in accordance with our standards and pursuant to internationally and nationally recognized standards, laws, guidelines, and regulations.
The principles and guidelines outlined by the United Nations Global Compact (UNGC), the International Labour Organization (ILO), and the Organisation for Economic Co-operation and Development (OECD) play an important role in setting the standards and fundamentals of ADDvise Group’s operations.