TCM Group A/S 2023 Annual Report with Sustainability Disclosures
Company: TCM Group A/S
Sector: Manufacturing
Country: Denmark
Year: 2023
Type: Annual Report with Sustainability Disclosures
Pages: 86
The report describes TCM Group's 2023 acquisition of AUBO Production A/S amid a difficult market, with revenue declining to DKK 1,111 million. It highlights a 36% reduction in Scope 1 and Scope 2 emissions, an SBTi-approved 42% reduction target by 2030, and a net-zero production ambition for 2028. The company reports that all 2023 electricity consumption was covered by renewable energy certificates. It also initiated a double materiality assessment as part of preparation for future CSRD reporting.
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