VBG Group AB 2023 AR2
The report highlights VBG Group's record-setting performance in 2023, with net sales increasing by 25.3% to SEK 5,740 M and operating profit (EBITA) rising to SEK 858 M. The company achieved a 12.8% reduction in Scope 1 and Scope 2 greenhouse gas emissions compared to the 2022 baseline, progressing toward its 2030 target of a 50% reduction. VBG Group also completed the strategically important acquisition of Rathi Transpower in India, expanding its global footprint. Additionally, the Group advanced its sustainability agenda by preparing for CSRD compliance and initiating a double materiality assessment.
Company: VBG Group AB
Sector: Industrials
Country: Sweden
Year: 2023
Type: AR2
Pages: 111
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VBG Group AB
Annual Report
The report highlights VBG Group's record-setting performance in 2023, with net sales increasing by 25.3% to SEK 5,740 M and operating profit (EBITA) rising to SEK 858 M. The company achieved a 12.8% reduction in Scope 1 and Scope 2 greenhouse gas emissions compared to the 2022 baseline, progressing toward its 2030 target of a 50% reduction. VBG Group also completed the strategically important acquisition of Rathi Transpower in India, expanding its global footprint. Additionally, the Group advanced its sustainability agenda by preparing for CSRD compliance and initiating a double materiality assessment.
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Document Details
Report Year
2023
Reporting Period
Jan 1, 2023 - Dec 31, 2023
Fiscal Year
2023
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
Assurance
Assurance Provider
Assurance Standard
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Women in Management
Employees