Sustainability Report 2020 - determined to be front runners in the sustainable development
STARK Group announces sustainable results in the sustainability report for the financial year 2019/20.
2019/20 has been a year with significant actions to support the sustainability agenda while being impacted by Covid-19 and large acquisitions. STARK Groups sustainability report confirms STARKs increasing efforts to integrate social and environmental sustainability throughout the value chain.
In 2020, the Group reduced its carbon footprint by 20 % and waste by 8 % compared to baseline 2016, covering the Nordics. Thereby, the Group reached its FY21 target level for CO2 emission from buildings and equipment per million EUR revenue, reducing consumption in STARK Group and the Nordics by 22 % and 47 %, respectively. The CO2 emission from transport has improved slightly in the Nordics by 2 % compared to baseline 2016, showing progress towards the FY21 reduction target.
However, with the transformative acquisition of STARK Deutschland in Germany, there has been a relative increase in carbon footprint by 13 %, being addressed over the next target period. With the acquisition of STARK Deutschland, doubling branch network and number of employees, STARK Group reviewed all previous sustainability targets and established new and more ambitious targets, supporting the Paris Agreement, using a Science Based Target approach, across all business units for the coming 4-year business strategy period, 2020-2024.
“As a leading building materials distributor in Northern Europe, we have a responsibility to address current global challenges and act upon them. I’m impressed with the steps we took toward building a more sustainable tomorrow in a year that has been very far from normal. All our five business units have delivered strong, sustainable actions pertaining to our products, operations and market.” says Søren P. Olesen, CEO of STARK Group and continues:
“We expect demand for sustainable solutions to increase, and we are determined to be front runners in this development in all our markets.”
In 2020, STARK Group became a signatory to the UN Global Compact, expressing its commitment to accelerate the sustainable transition in the construction industry and long-term commitment to deliver sustainable solutions across the entire value chain.
“At STARK Group, we wish to support the sustainable transition in the construction industry. In the development of our new targets, we have incorporated our own and society’s increasing awareness on social responsibility, climate change and circular economy. We wish to contribute substantially to reducing the negative impacts that our operations impose on society and the ecosystems around us.” says Louise Askær-Hune, Group Head of Sustainability and adds:
“The new targets integrated into our business strategy period confirms the increased importance of measurable non-financial data within both our social and environmental areas to ensure progress and transparency.”