Nyheter
19 juni, 2025
ELKO Group Environmental, Social and Governance Report 2024
Letter of the CEO
2024 will be remembered as a historic year for the circular economy in the ELKO product portfolio, since this is the year when we started the M&A transaction, which was closed in 2025, acquiring Renewed AB – a Swedish specialist in refurbished electronics. This is a significant step forward in developing a much broader range of circular economy services across the ELKO geography to satisfy increasing demand from both our vendors and customers. We see strong potential for this business segment and solid contribution to driving sustainability in our markets.
We have continued during 2024 our vendor-focused sustainability initiatives like Vendor Scoring and Partner Code of Conduct. In line with ever-evolving legislation, we see our partners developing and adopting their business practices, and we are proud to say that 80% of our vendors have received a score of A or B, underscoring the high quality of our product offering to our customers.
Our partnership with Mitigate has helped us navigate the complexity of reporting requirement changes through this period and significantly improved our data gathering process across multiple geographies and legal entities.
One of the key projects launched in ELKO in 2024 has been the LEAN initiative. We are becoming a part of a community of great companies adopting LEAN practices, driving organization-wide employee engagement in improving our processes: eliminating unnecessary actions, minimizing/automating low-value activities, and focusing on enhancing high-value initiatives. While we are still at the beginning of the road, I am certain that the Continuous Improvement path will lead to a more efficient ELKO organization, be more sustainable in the long run, and be able to significantly improve the cooperation experience for our vendors and customers, allowing us to grow the business further.
We are proud of the work we have done so far, we are also aware of the challenges ahead, and we have a clear plan to keep building ELKO as an environment- friendly, socially responsible, and well-governed business!
Svens Dinsdorfs
The CEO of ELKO Group
Please find the full report attached.
We have continued during 2024 our vendor-focused sustainability initiatives like Vendor Scoring and Partner Code of Conduct. In line with ever-evolving legislation, we see our partners developing and adopting their business practices, and we are proud to say that 80% of our vendors have received a score of A or B, underscoring the high quality of our product offering to our customers.
Our partnership with Mitigate has helped us navigate the complexity of reporting requirement changes through this period and significantly improved our data gathering process across multiple geographies and legal entities.
One of the key projects launched in ELKO in 2024 has been the LEAN initiative. We are becoming a part of a community of great companies adopting LEAN practices, driving organization-wide employee engagement in improving our processes: eliminating unnecessary actions, minimizing/automating low-value activities, and focusing on enhancing high-value initiatives. While we are still at the beginning of the road, I am certain that the Continuous Improvement path will lead to a more efficient ELKO organization, be more sustainable in the long run, and be able to significantly improve the cooperation experience for our vendors and customers, allowing us to grow the business further.
We are proud of the work we have done so far, we are also aware of the challenges ahead, and we have a clear plan to keep building ELKO as an environment- friendly, socially responsible, and well-governed business!
Svens Dinsdorfs
The CEO of ELKO Group
Please find the full report attached.
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