Annual Report 2024

Annual Report 2024CLIMATE ACTION The DLG Group wants to help fight global warming. We have therefore set ambitious targets for reducing CO 2 emissions from our operations and from the value chains we are part of. Emissions are divided into ”scope 1 and 2” and ”scope 3”. Scope 1 and 2 relate to our consumption - direct emissions from owned sources (scope 1) and indirect emissions from the production of purchased energy (scope 2). Scope 3 is indirect upstream emissions from DLG’s value chain, such as extraction, production and transport before our operations, or indirect downstream emissions, such as production, transport and use of products after our operations. SCIENCE-BASED TARGETS INITIATIVE (SBTI) It is crucial to us that our climate targets are science-based, which is why we joined the Science Based Targets initiative (SBTi) in early 2022. SBTi is a partnership between the UN Global Compact, the Carbon Disclosure Project, the World Wildlife Fund (WWF) and the World Resources Institute. Our climate targets were validated by SBTi in early 2023, making us the first major European company in our industry to receive the recognised seal of approval that our climate targets are science-based, realistic and in line with the ambitions of the Paris Agreement. In terms of scopes 1 and 2, we have set targets to reduce emissions by 50% in 2030 compared to the 2019 baseline. For scope 3, we have set targets to reduce emissions by 30% in 2030, compared to the 2019 baseline. Throughout 2024, in line with SBTi, we have had a strong focus on improving the data quality in our scope 3 reporting. As a result, we have a much larger share of activity-based data in our new scope 3 reporting for 2023 and 2024, and the level of detail and thus data quality has generally improved. Scope 3 reporting currently covers energy- based emissions, and in 2025 we will work to add land-based emissions in line with the SBTi guidelines. 40 DLG ANNUAL REPORT 2024Side 39Side 41