Transparency as a foundation for progress
At Hydroscand, we are committed to transparent and responsible reporting. We measure what matters—not only to track our own impact, but to ensure that our stakeholders can trust our journey toward a more sustainable future. Our sustainability reporting is based on internationally recognized frameworks and constantly evolving to meet new requirements.
We view reporting not as a formality, but as a powerful tool for continuous improvement, collaboration, and innovation.
Reporting aligned with CSRD and double materiality
In 2024, Hydroscand aligned its reporting process with the Corporate Sustainability Reporting Directive (CSRD). A key milestone was the completion of a Double Materiality Assessment, where we assessed:
Our most significant sustainability impacts
The financial risks and opportunities linked to ESG factors
Stakeholder expectations across markets
This structured process resulted in a clear materiality matrix and action plan, which now guides our sustainability priorities and future disclosures in line with the European Sustainability Reporting Standards (ESRS).
Our emissions and performance data
Hydroscand measures greenhouse gas emissions across Scopes 1, 2 and 3, using a combination of spend- and activity-based data in line with the Greenhouse Gas Protocol. In 2024, we deepened our data collection to improve accuracy and transparency—particularly for Scope 3.
Selected 2024 figures:
Total emissions: 41,181 tCO₂e
Scope 3 share: 90% of total emissions
Renewable electricity use: 72%
EcoVadis rating: Silver (Top 15% globally)
While we are proud of these achievements, we recognize that reporting is a journey. 2024 is our baseline year for future Science-Based Targets, which we intend to commit to in 2025.
How we ensure data quality
Hydroscand works with trusted partners like Normative for carbon accounting and Kodiak Hub for supplier data tracking. Our ambition is to make data meaningful, traceable and actionable—across emissions, supplier performance, employee development and more.
Our internal KPI structure supports this ambition, with group-wide targets and follow-up processes integrated into operational planning. We publish our results annually in the Sustainability Report.
Download our reports
Our Sustainability Reports provide deeper insights into Hydroscand Group’s strategy, key metrics and performance over time.
Click on a year below to download the full report as a PDF.
Sustainability Report 2024 (pdf)
Sustainability Report 2023 (pdf)
Sustainability Report 2022 (pdf)
Sustainability Report 2021 (pdf)
Sustainability Report 2020 (pdf)
Sustainability Report 2019 (pdf)
Sustainability Report 2018 (pdf)
Sustainability Report 2017 (pdf)
Explore our other focus areas
Sourcing with integrity
Empowering our people
Leading with accountability
Transparency as a foundation for progress
At Hydroscand, we are committed to transparent and responsible reporting. We measure what matters—not only to track our own impact, but to ensure that our stakeholders can trust our journey toward a more sustainable future. Our sustainability reporting is based on internationally recognized frameworks and constantly evolving to meet new requirements.
We view reporting not as a formality, but as a powerful tool for continuous improvement, collaboration, and innovation.
Reporting aligned with CSRD and double materiality
In 2024, Hydroscand aligned its reporting process with the Corporate Sustainability Reporting Directive (CSRD). A key milestone was the completion of a Double Materiality Assessment, where we assessed:
Our most significant sustainability impacts
The financial risks and opportunities linked to ESG factors
Stakeholder expectations across markets
This structured process resulted in a clear materiality matrix and action plan, which now guides our sustainability priorities and future disclosures in line with the European Sustainability Reporting Standards (ESRS).
Our emissions and performance data
Hydroscand measures greenhouse gas emissions across Scopes 1, 2 and 3, using a combination of spend- and activity-based data in line with the Greenhouse Gas Protocol. In 2024, we deepened our data collection to improve accuracy and transparency—particularly for Scope 3.
Selected 2024 figures:
Total emissions: 41,181 tCO₂e
Scope 3 share: 90% of total emissions
Renewable electricity use: 72%
EcoVadis rating: Silver (Top 15% globally)
While we are proud of these achievements, we recognize that reporting is a journey. 2024 is our baseline year for future Science-Based Targets, which we intend to commit to in 2025.
How we ensure data quality
Hydroscand works with trusted partners like Normative for carbon accounting and Kodiak Hub for supplier data tracking. Our ambition is to make data meaningful, traceable and actionable—across emissions, supplier performance, employee development and more.
Our internal KPI structure supports this ambition, with group-wide targets and follow-up processes integrated into operational planning. We publish our results annually in the Sustainability Report.
Download our reports
Our Sustainability Reports provide deeper insights into Hydroscand Group’s strategy, key metrics and performance over time.
Click on a year below to download the full report as a PDF.
Sustainability Report 2024 (pdf)
Sustainability Report 2023 (pdf)
Sustainability Report 2022 (pdf)
Sustainability Report 2021 (pdf)
Sustainability Report 2020 (pdf)
Sustainability Report 2019 (pdf)
Sustainability Report 2018 (pdf)
Sustainability Report 2017 (pdf)

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