Sustainable business

Commitment is the key to successful sustainability work

XANO’s ambition is to become a leading player in respect of sustainability. But where is the Group now, and what does the road ahead look like when it comes to achieving the ambitious goals relating to environment, people and the economy?

“There is an underlying awareness and a growing level of commitment, both at management level and in XANO’s subsidiaries. As a result, we find ourselves in a favourable position where we can make use of this drive and come together around a common working method with ambitious goals. Within the next few years, we will be making major strides on our way to creating a real impression and becoming a leading player in the field of sustainability,” says Marilyn Lindh, Chief Sustainability Officer at XANO.

Sustainability report 2024

The new EU legislation, the Corporate Sustainability Reporting Directive (CSRD), aims to reinforce and standardise corporate sustainability reporting through extensive transparency and comparability requirements. The Directive mandates that companies subject to the legislation provide more detailed reporting on their environmental, social, and governance (ESG) impacts. It also requires them to conduct a double materiality assessment to identify key sustainability issues within their own operations and across their value chain.

XANO Group started preparing for the CSRD during 2023. This process has contributed to a more structured and thorough sustainability reporting, and as part of the process, the 2024 Sustainability Report was prepared drawing inspiration from the CSRD framework. This provides an opportunity to refine and optimise reporting processes, strengthen internal capabilities, and ensure that the entire Group is well prepared ahead of the legislation's official implementation in Sweden.

XANOs sustainability report for 2024 is a part of the Group's Annual Report.

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XANO Sustainability Roadmap

The Group’s sustainability roadmap is a central part of the overall business strategy and focuses on delivering measurable sustainability results. Through a combination of internal governance tools and external collaboration, XANO aims to become a market leader in sustainable business practices, with clear targets and timelines to reduce environmental impact, strengthen social responsibility and drive sustainable growth. Most of the targets extend to 2030, with interim milestones set for 2026 and 2028.

Ongoing monitoring and governance ensure that the Group’s sustainability goals are achieved in alignment with the business strategy and stakeholder expectations.

The roadmap is structured around three pillars:

Sustaining the Planet – Focus on environmental impact, energy efficiency and material use.
Owning Social Responsibility – Employee wellbeing, diversity within the organisation, and working conditions in the value chain.
Driving Sustainable Business – Circular business models, innovation and ethical business practices.

Each area includes specific goals with clear timelines and measurable key performance indicators.