Time horizons
For this reporting period, our short-term horizon is set at one year, our medium-term horizon is set at two–three years, and our long-term horizon extends to 10 years. These definitions align with our strategic planning cycles and allow us to monitor and achieve our sustainability objectives effectively.
Value chain estimation
For the quantitative disclosure on Scope 3 greenhouse gas (GHG) emissions, we mainly use secondary data from reputable sources and GHG Protocol-compliant methodologies to increase the level of accuracy in our reported emissions. This external data, however, is subject to a level of uncertainty. We are committed to enhancing the accuracy of our Scope 3 emissions data by increasing engagement with our suppliers and advancing our data management practices through automation and monitoring systems.
Sources of estimation and outcome uncertainty
In preparing for qualitative and quantitative disclosures, we make judgments and use estimates and assumptions that are critical for the data we report. When disclosing forward-looking information – such as targets, ambitions, and objectives – we acknowledge its inherent uncertainties and specify that such information is subject to change. Inherent to using estimates and assumptions is the recognition that this information is uncertain and that actual data might differ from previous estimations. We disclose the assumptions and approximations we have used, to provide context for and support understanding of our disclosures.
Changes in preparation or presentation of sustainability information
Unlike in the previous reporting period, in which we followed Global Reporting Initiative (GRI) standards, we have prepared this sustainability statement in accordance with the ESRS. The main effects of this change relate to additional disclosures around policies, actions, metrics, and targets regarding sustainability matters. In cases where new calculation methodologies or definitions for metrics were applied, we explain this in the relevant chapter and have restated the comparative data. No comparative data is available or disclosed for new indicators in 2023/2024.
No other changes in the preparation or presentation of our sustainability information compared to previous periods have occurred, nor were material errors in prior reporting periods identified.