The year 2022 was driven by uncertainty and change. Especially in the areas of energy, inflation, and geopolitics we have faced issues and challenges that were unthinkable of beforehand. Nonetheless, the CABB Group continued the path of its business and sustainability strategy. We completed a double-digit million-euro investment in Finland and delivered strong financial results against all odds. But not only our business is growing. The CABB Sustainability Report is growing rapidly as well. We can extend our coverage year by year to provide you with new key performance indicators (KPI). These not only include all sites of the CABB Group but also a larger set of key figures, such as our Scope 3 emissions from 2019 to 2022, which we can report on for the first time. This report further documents the progress of the CABB Group’s sustainability strategy, transparently showing our achievements and challenges. In addition, we have set new targets in all reporting areas and continue to report more and more in line with the standards of the Global Reporting Initiative.
A sustainable world is only attainable if everyone combines efforts. This belief is anchored deeply within the CABB Group’s core values. Whilst we are working hard on reducing our Scope 1 and 2 emissions by continuously improving our production processes and by investing in energy-efficient and closed-loop infrastructure, the one KPI that exemplarily highlights our belief in combined efforts are the Scope 3 emissions. They document the share of greenhouse gas emissions that arises from the upstream value chain. Every raw material bought, every transport made contributes to an enterprise’s emissions. Therefore, it comes as no surprise that the Scope 3 emissions represent the major share in the CABB Group’s total emissions. And the value chain effect is a challenge our entire industry faces when it comes to achieving environmental and social sustainability goals. For this reason, we not only consider it our duty to constantly improve ourselves in the most responsible way possible, but to also encourage and assist our suppliers to do the same.
In the past few years, we have extended our contribution to and active participation in industry sustainability initiatives. Since April 2022, the CABB Group is a proud member of the global initiative “Together for Sustainability” (TfS). This is a milestone within our sustainability strategy. The initiative’s stated goal is to use global standards to drive and deliver measurable improvements that make supply chains more transparent and resilient. As a global alliance of key industry representatives, TfS enables sustainable change to be pursued jointly, ensuring much better results than working alone or in a bilateral way.
TfS defines global guidelines – particularly in the areas of environment, social and governance – which can be used to assess and improve the performance of partner organizations and then verifies these through audits. As a result, our suppliers benefit from comprehensive feedback that enables them to improve their own sustainability efforts. This not only has a very concrete effect on the procurement of the CABB Group but also a great impact on general supply chain transparency and underlines our continuous efforts to improve social and environmental aspects throughout the entire supply chain.
«A sustainable world is only attainable if everyone combines efforts.»