Reporting on risk across the value chain
With the EU:s new CSRD requirements, large companies must analyse, report on and act on risks and opportunities across the value chain. And since everything we at Holmen do in our value chain influences you as a buyer, we have created a guide to explain how we work with procurement. Read The Guide #2 to learn more about procurement, sustainability reporting, and double materiality.
Holmen reports in accordance with CSRD
Strategic procurement drives business performance in a sustainability-led economy. Holmen has been disclosing information about environmental, social and governance impacts, performance, and risks for many years. Since the annual report for 2024, Holmen has reported sustainability matters in accordance with CSRD, the EU Corporate Sustainability Reporting Directive.
To be included in the Annual Report
The new legislation requires large companies and listed companies to provide more detailed and structured reports on how their activities impact people and the environment. The objective behind the CSRD is to standardise sustainability information from companies to make it comparable for investors and other stakeholders.
The companies must use the European Sustainability Reporting Standards (ESRS), apply the core principle of “double materiality” and include the sustainability report in the Annual Report to comply with the CSRD. The reporting must also be reviewed by an auditor and digitally tagged in a specific format.
How Holmen works with double materiality
The concept of double materiality means looking at sustainability from two perspectives at the same time. On one hand, it examines how environmental and social issues can influence a company’s financial performance, for example through risks, costs, or new opportunities. On the other hand, it looks at how the company’s own activities affect people, society and the environment. These impacts can be both positive and negative. When reporting, the company must state how each impact risk or opportunity will be managed and followed up.
Procurement and the value chain
The EU requires greater transparency from large companies. Holmen’s procurement policy is aligned with the CSRD. An example is that Holmen’s suppliers need to assess potential risks in their value chains and manage their potential impacts on human rights, the environment and the climate, both in their own operations and in their supply chains. Impact risks must be addressed with an action plan, including monitoring and follow-up.
Holmen’s procurement policy is based on the company’s core values and sustainability strategy. Its purpose is to ensure that purchasing is conducted responsibly, transparently and professionally. All suppliers must comply with Holmen’s Supplier Code of Conduct, which is based on the UN Global Compact and the ILO’s core conventions.
Read more about Holmen’s Code of Conduct and policies.
Unfold a complex topic
Designed as a fold‑out overview, The Guide #2 shows why every supplier needs to proactively work with impact risk management. This is also why our customers can feel secure in their every transaction with us.
Did you know that:
- Due diligence is a continuous process for risk assessment, risk mitigation, and follow-up.
- Holmen’s double-materiality assessment of impacts, risk and opportunities can always be found in the Sustainability Report, which is part of the latest Annual Report.