Annual sustainability report 2024
Sustainability is at the heart of DENSIQ Group’s business. As the leader in sealing industry, we take every opportunity to inspire and engage. Do you want to know more on how we can help you improve your sustainability performance? Please contact us.
A leakage is a waste of resources. Every day, our employees and partners focuses on how to solve our customers challenges with leakages by either preventing them from happening or stopping them when they occur. In doing so, we help our customers improve their sustainability performance. At the same time, we must consider how our operations impact people and environment and it’s crucial that we have the ambition to impact health, safety, environment and quality positively, thus taking care of our resources and never stop improving.
We bring peace of mind to our customers
We understand the importance of minimizing downtime after a major maintenance stop. We know the need for fast and friendly support during unplanned events. We are your partner for sustainable sealing solutions, helping improve the impact on people and planet.
employees around
the world
million SEK revenue
years of experience
reduction of CO2e
(Scope 1 and 2)
since 2022
of our operations
certified to ISO 14001
and ISO 9001
renewable electric energy
in all our operations.
Energy index improved
with 5%
Fredrik Sjödell, Sustainability Director DENSIQ Group.
The year in summary
Safety always comes first! We have had some minor accidents during the year and in one case a person was absent from work for some days. We need to continue our work with improving our safety culture making sure that all of us is coming home safe after work, now and in the future. Part of that safety culture is that we take every opportunity to improve safety and act where we see safety risks.
During the year, we focused on leadership and carried out a Leadership program for all managers in DENSIQ Group. The leadership journey contained 5 modules in different locations in a total of 13 days. The course includes relevant theories, their application and a crossnational improvement project. Focus is to build a robust, competent and stabile group of leaders and at the same time find synergies in business and cross collaborations in the Group.
This year we have a spent a lot of efforts on understanding our climate impact and our contribution to the global warming. We have had dedicated team to collect data for scope 3 and we have taken the next steps in understanding our contribution of greenhouse gases into the atmosphere. Evident is that the consumption of materials is a main driver for our climate impact and it´s time to address the material areas and seek for improvements together with both customers and suppliers.
Related to scope 3 emissions we have taken the next step and made Life Cycle Assessment on mechanical seals comparing manufacture a new seal and refurbish a seal. Its interesting to see how we can reduce our impact on the climate if we together with our suppliers and customers develop the repair and refurbishment business model. Read more about this in our report.
Positively, we see that we are continuing to reduce our CO2 emissions for scope 1 & 2 and we are well aligned with our reduction targets. 19% vs our baseline year 2022! The main driver for this is our ongoing transfer to Electrical Vehicles and that we use 100% renewable electricity in all our locations.
In 2024 we reached another important milestone! Our Danish Operations in VM Kompensator AS finalized their ISO 14001 certification. This means that all our companies are now holding a certified management system for both ISO 9001 and ISO 14001.
Looking into 2025 the focus will be to start more collaborations with our customers and suppliers. We need to work together to improve the impact our sealing solutions have on people and planet to reach our sustainability targets.
We do, we dare, we care!
Sustainability focus areas
Improving sustainability performance is a never ending process! We have established a yearly rhythm where we on a quarterly basis report, analyze and follow up on our focus areas and related initiatives with the aim of achivieving our sustainability goals.
People
DENSIQ Group promotes human rights in workplaces, supply chains, and local communities to improve lives in our value chains. Our ambition is to create and maintaining a safe, inclusive and motivating workplace with equal opportunities for all.
Climate impact
We need to understand our greenhouse gas emissions and find ways to reduce our impact. Our ambition is to take action on mitigating climate change by reducing our contribution of CO2 in our whole value chain.
Circularity
In a circular economy, the value of products, materials, and resources is preserved as long as possible while minimizing waste. Our ambition is to drive circular solutions through recycled materials, reuse systems and repair to extend component life.
Sustainable supply chain
Sound business conduct fosters legal compliance, reduces risks, and strengthens stakeholder and supply chain relationships. Our ambition is to ensure compliance with our code of conduct, transparency and value creation throughout the value chain, from suppliers to end customers.
Improve your sustainability performance?
Do you want to know more on how we can help you improve your sustainability performance?
Get in touch with us | Download the full version of our report
