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.

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Responsibility provides opportunities

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.

The Inwido Climate ambition

Inwidos climate ambition was launched in 2020 and the aim is to reduce our carbon dioxide emissions with 50 percent by 2030 and to be carbon neutral by 2050.

The Inwido Climate ambition

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

Compass

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

Compass

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

Compass

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

Some of the sustainability indicators we measure and follow up on during the year is about health and safety at work, energy consumption in production and using wood from sustainable forestry and our targets of having an even gender distribution in the Group Management team and on the Board of Directors.

Take part of 2020 results from our eight indicators in the slide show on this page. For deeper knowledge and comments on the results please see Inwidos Annual Report 2020.

 

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Energy consumption

Energy consumption

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Carbon dioxide emissions

Carbon dioxide emissions

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Share of purchased volume of wood from certified suppliers

Wood from sustainable forestry

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Accidents with lost working days

Accidents with lost working days

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Short-term and long-term sick leave

Short-term and long-term sick leave

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Equality in management

Equality in management

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Jobs in rural area

Jobs in rural area

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Code of conduct suppliers - % spend direct material

Code of conduct suppliers - % spend direct material

Sustainability protocols

Global Compact

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 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 2020, Inwido received 24.2 in the ESG Risk Rating, which is average. In the MSCI ESG Rating, Inwido 2020 was raised to AA, the second highest level on a 7-point scale.

Carbon Disclosure Project

Carbon Disclosure Project

Inwidos 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 Management level in CDP's ranking, the second highest level.

The UN's 17 global goals

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.

EU-Taxonomy

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. About 45 percent of Inwido's sales in 2020 are environmentally sustainable, according to the Taxonomy. The share is expected to rise in 2021.

Sustainability projects

Alborg

A spectrum of sustainability investments 2020

Inwido continuously increases its commitment to sustainability and regularly reports to relevant initiatives and protocols in…

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Elitfönster

Elitfönster give five times back to the environment

The aim of Elitfönster is to offer climate-smart products that provide greater climate benefit during use than the climate…

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Pihla Group

This is how Pihla invests in employees and leadership

In Finland Pihla Oy is one of Inwido's largest companies. The window company works systematically to provide an increasingly…

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Colleagues running Plus

Outline Plus gives people a second chance

The Outline factory in Farsö in Jutland has a "factory in the factory". A workplace with its very own pace of work and…

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Sustainability report

Take part of our sustainability reporting in Inwido Annual and Sustainability Report 2020, page 20-29.

Contact

Lena Wessner

Senior Vice President, Human Resources, Organisation & Sustainability
+46 (0)10 451 45 63
lena.wessner@inwido.com