ESG Strategy

In our ESG strategy, we emphasize collaboration and partnership to lift sustainability in the waste industry.

In our ESG strategy, we have chosen five strategic focus areas, which reflect where we can contribute the most to promoting sustainability in our industry. Across all five areas, partnerships are a crucial factor in creating a major positive change:

Climate

We focus on calculating our climate footprint so that we can share climate data with our customers, who will use it to calculate and report their own climate footprint. In addition, we will reduce our climate footprint and commit to the Paris Agreement, as well as offer climate-neutral waste collection to all our customers.

Circular economy

Circular economy is a natural and important focus area for us, as our core business is waste collection and sorting. We want to continue our existing innovation partnerships where we collaborate on increased and improved recycling and seek to develop more of these partnerships. We will also advise our customers about their waste and track the waste as it leaves our facilities so we can share recycling data.

Employees

We cannot run our business without our employees, therefore we have an ambition to be the best workplace in the industry. At the same time, our focus on safety, training, diversity and unity ensures good working conditions in our customers’ value chain.

Customers, suppliers and business partners

It is important for us to help raise the level of ambition for sustainability among all our partners in the value chain.

Affected communities

We want to have a positive impact in the communities where we work. As we interact with many citizens in our daily operations, it is important that all these interactions are based on positivity and respect.

Verdis will be the leading partner on sustainability today, for society tomorrow

Verdis’ work with ESG includes environment (E), employees and society (S) and governance (G). Verdis has five strategic focus areas in the ESG strategy. The ambition for these focus areas has been selected after a thorough assessment of materiality, applicable regulation, customers’ priorities and a desire to position itself as a leading company on sustainability in the industry.

In the development of the ESG strategy, we are preparing to report according to EU rules

The EU Corporate Sustainability Reporting Directive (CSRD) is applicable EU legislation for ESG reporting. Some of the reporting requirements are mandatory for all companies, but most information depends on the sustainability issues that are significant to a particular company. The European Standards for Sustainability Reporting (ESRS), contain the rules for what must be included in reporting to CSRD.

Verdis has carried out a double materiality assessment, where the results provided guidance on which ESG topics should be strategic priorities. The CSRD-compliant dual materiality analysis is a statutory requirement and the first step towards CSRD reporting.

Verdis has also taken ESRS into account, in relation to the development of key figures (KPIs), or data points that we measure and will report. ESRS contains specific pre-defined KPIs for the various sustainability areas that Verdis has used as input. We have either chosen to use the KPIs as they are from ESRS, adjusted them to suit our business or invented additional KPIs where necessary.

If further dialogue about ESG is desired, reach out to Verdis’ ESG director.