ESG/CSR-report 2023/2024
This ESG report covers the financial year from 1 October 2023 to 30 September 2024 for HJHansen Recycling Group. Although the report has not been formally prepared in accordance with CSRD, we have aimed to align the requirements as closely as possible. The report broadly addresses the ESG agenda and reflects our ambition to contribute to a more sustainable future actively.
Download the report here
The most challenging year since our turnaround in 2019
Extraordinary circumstances have marked 2023/2024. The market has been affected by inflation, increased competition, squeezed prices, and declining volumes.
Despite this, we deliver a profit of 50.4 million EBT, an achievement I can only attribute to our skilled employees, who have truly gone above and beyond. At the same time, our business model has once again demonstrated its ability to navigate challenging market conditions.
The Year Ahead
We have had a good start to the 2024/2025 financial year, but like the previous year, we expect to face many challenges this financial year. We consistently follow our hedging policy on volumes, currencies, etc., to minimise risks and navigate proactively in a market still characterised by great uncertainty. We eliminate risks where we can and do not speculate.
DKK billion in revenue
DKK million in EBT
%
equity ratio
employees (FTE)
Highlights
Climate Goals
We will reduce our climate impact by
%
before 2039 and become climate-neutral by 2050.
Double Materiality Analysis
We have conducted a preliminary double materiality analysis to map HJHansen Recycling Group’s most significant impacts, risks, and opportunities based on the ESRS 1 standard.
Learn more in our report on page 21.
Recycling Rates
On the HJH360 platform, we now have data showing how suppliers’ delivered quantities are distributed within the waste hierarchy—recycling, recovery, or disposal—allowing them to report accurately in climate accounting under Scope 3, Category 5.
Learn more in our report on page 50.
Ecovadis
In April 2024, we achieved a “silver” rating with a score of 66/100, placing us in the top 15% of the “materials recovery industry.”
Learn more in our report on page 47.
We stand TOGETHER
At HJHansen Recycling Group, we stand TOGETHER:
S for Safety-conscious
A for Accountable
M for Diverse
M for Goal-oriented
E for Engaged
N for Innovative
Learn more in our report on page 54.
The Internal Code of Conduct
This year, we implemented our Internal Code of Conduct. By the end of the financial year, 90% of all employees had completed the value training.
Learn more in our report on page 55.
Employee Development Reviews (MUS)
Employee Development Reviews (MUS) are a central part of HJHansen Recycling Group’s efforts to ensure well-being and development. Starting from the 2024/2025 fiscal year, all employees – including hourly-paid staff – will participate in annual MUS sessions.
Learn more in the report on page 70.
ESG Training
Our employees should not only understand what sustainability encompasses but also be able to translate it into concrete actions in their daily work. Therefore, next year, we will place special focus on training our employees in ESG.
Learn more in the report on page 72.
Approved Buyer System
Our database ensures transparency and accountability among our buyers. This year, we conducted audits within and outside the EEA and established a due diligence committee. Further, we have allocated financial resources for external audits outside the EEA starting next financial year.
Learn more in our report on page 88.