Inwido

Responsibility provides opportunities

Behaving sustainably and responsibly is a priority for an industry leader like Inwido. It gives us opportunities to contribute positively to society, as well as business benefits including improved consumer insight, efficiency gains and a stronger employer brand. Our long-term sustainability philosophy is to give more than we take – what we consume to produce our products will eventually lead to greater value in terms of reduced climate impact, recycled materials, safer workplaces, better quality of life for consumers, and return to shareholders.

We can contribute in many ways

By developing energy-efficient products, we can help consumers create a sustainable lifestyle. We can also have an influence by continually improving our own production and making it as sustainable as possible, by using materials efficiently and consuming as little energy as possible. We can also ensure that our employees do not suffer workplace accidents, and can require our suppliers to comply with our ethical guidelines on, for example, anticorruption and human rights.

Sustainability work is governed by three basic policies

Our Code of Conduct for for Employees and Business Partners, our Health, Safety and Work Environment Policy and our Environmental Policy. Based on these policies and guidelines, Inwido developed a sustainability compass in 2017 to illustrate the focus of our sustainability work. Read more about our targets and target fulfilment in our latest Annual Report.

In order to constantly monitor our progress, the Group Management and the heads of operations and HR receive a consolidated sustainability report on a quarterly basis. The Board of Directors receives an annual sustainability report. We also evaluate annually whether there are any specific sustainability issues that should be addressed in the long term.

Code of conduct

For business partners

For employees

The Inwido Climate ambition

Inwido commits to reach net-zero GHG emissions across the value chain by 2050.

Sustainability compass

Our sustainability strategy is rooted in the Inwido brand promise – improving indoor life. We enable people to live a sustainable lifestyle, at home and at work, by offering energy efficient and responsibly produced products. By doing this, we unlock future value for our company, investors and society as a whole. We focus on three strategic mindsets for navigation:

Be an environmental friend

Why?

We need natural resources to do responsible business

How?

We provide products that drive energy efficiency and savings
We decrease climate and environmental impact from our operations and suppliers
We use wood from sustainable forestry
We reuse, recycle and choose sustainable materials while reducing waste

Be a good place to work

Why?

Empowered colleagues make a difference

How?

We develop our employees and make them feel involved and valued
We invest in health and safety
We strive for equal opportunities
We actively work to improve employee satisfaction

Be a responsible business

Why?

Aligning with society creates more opportunities

How?

We have zero tolerance regarding corruption and unethical business behavior
We demand responsible behavior from all suppliers and partners
We comply with strict codes of conduct
We support our local communities

Sustainability indicators

Sustainability KPI:s followed up on a yearly basis: energy usage, carbon dioxide emissions, waste/hazardous waste, use of wood from sustainable forestry, health and safety, discrimination, harassment and fatalities. Gender distribution in Group Management and Board of Directors, and compliance with code of conduct for employees and suppliers are followed up yearly.

Take part of 2023 results. For deeper knowledge and comments on the results, please see Inwidos Annual and Sustainability Report 2023.

Carbon dioxide emissions (Scopes 1 and 2)

Hazardous waste and waste

Energy consumption

Wood of wood from certified sustainable forestry

Fatalities

Accidents with lost working days

Sick-leave, short and long-term

Equality in management

Discrimination and harassment

Code of conduct for suppliers

Whistle blowing

Inwido strives for an open business climate with high business ethics. We care about respect and security for all the people affected by our business. You play an important role in our success.

For more information and submit a report here

Our business principles, both internally and externally, are described in our code of conduct. Should you discover that someone is acting in violation of the code of conduct, it is important to raise the alarm. This is so that we can quickly act on and correct errors or shortcomings in our operations and protect good corporate governance and preserve the trust of customers and the public in us.

If you do not want to be open about your identity, we offer a whistleblower service which is a secure channel for anonymous reporting. The whistleblower service can be used to warn of serious risks of irregularities that may affect people, our organization, society, or the environment. Your report may contain information about someone acting in breach of the code of conduct, crime, irregularities and violations or other acts that violate EU or national legislation in a work-related context.

The whistleblower service is managed by an external party, WhistleB. The service is available 24/7 and the report can be sent in the local language. You are not at risk of any consequences for reporting.

Reports are handled confidentially by the CEO and President and Executive Vice President HR, Organization & Sustainability at Inwido AB. Access to reported messages is limited. A compilation of the whistle-blowing reports is presented annually to the board.

For more information and submit a report here

Sustainability protocols

Science Based Targets initiative

Inwido's science-based target has been approved by the Science Based Targets initiative, which means that we are working to reduce greenhouse gas emissions and thereby contribute to the Paris Agreement's 1.5 degree goal. Inwido undertakes to reach net zero emissions of greenhouse gases in the entire value chain by 2050 at the latest.

EU-Taxonomy

Buildings are the largest energy consumers in the EU, with 40 percent usage. Energy-efficient windows and doors are an important component in achieving climate goals. Energy requirement, stated as U-value, is 1.0 for windows and 1.2 for doors. In 2023, 64 percent of Inwido's sales fulfilled the criteria of significantly contribute to climate change mitigation. 17 percent of sales are fully aligned with the EU taxonomy criteria.

Global Compact

Inwido is affiliated with the UN Global Compact and undertakes to actively work on sustainability issues and to report to the UN. The work is based on ten basic principles based on internationally accepted conventions on human rights, labor rights, the environment and anti-corruption.

Sustainalytics and MSCI ESG rating

Sustainalytics ESG ranking forms the basis for international fund managers decisions on investments in sustainable companies and rates according to risks in environmental, social and corporate governance. In 2023, Inwido received 23.1 in the ESG Risk Rating, which is average. Since 2020 Inwido has an AA rating in MSCI ESG, the second highest level on a 7-point scale.

The UN's 17 global goals

Inwido supports the UN's goals for sustainable development, focusing on seven goals. Goal 3, Good health/ well-being, Goal 5, Gender equality, Goal 7, Affordable/clean energy, Goal 8, Decent work/economic growth, Goal 11, Sustainable cities/communities, Goal 12, Responsible consumption/production, and Goal 13, Climate action.

Carbon Disclosure Project

Inwido reports data in accordance with sustainability KPIs, such as carbon dioxide emissions. CDP reporting has become Inwido's main channel for describing climate footprints and collecting its reporting and follow-up of emissions and the like. Inwido performs at B, Management level, in CDP's ranking, the second highest level.