Vestum's objective for group-wide environmental work is that our efforts should contribute to minimizing climate emissions, reducing energy consumption and reducing the use of natural resources, increasing the use of recycled materials and minimizing the amount of waste.

Developments in society regarding increased climate change and reduced natural resources have resulted in more and more actors both wanting and having to contribute to reducing resource use and emissions. Vestum's main opportunities to work for environmental improvements occur with customers.

The public and private actors who are customers of our subsidiaries strive for a better environment. In combination with green investor requirements and increased regulations in the environmental area, customers in turn place high demands on the environmental work of their suppliers.

It is a matter of course that all our subsidiaries comply with applicable laws, regulations and other requirements in the environmental and energy field in the countries where they operate.

With competencies in their specialist areas, our companies develop and contribute with new solutions that improve customers' environmental work.

Reduced climate emissions

Climate emissions and their impact have become one of society's most important issues. All companies and public actors must adjust their operations to reduce emissions. Setting climate requirements in procurement is becoming increasingly common with larger companies and public actors. We think this is a positive development. Vestum's companies make important contributions to the climate by providing customers with energy-efficient products and solutions.

In the companies' own operations, green energy choices, minimized transport and investments in service vehicles with a reduced environmental footprint contribute to customers' climate neutrality. Investments in electric construction machinery may also become relevant in the future depending on product development, the availability of charging infrastructure and more.

Reduced energy consumption

Limited energy availability and energy costs have become a major challenge for companies and public actors. Fluctuations in the price of electricity as a result of extreme weather changes and geopolitical conflicts make energy consumption an increasingly important risk and issue. Our companies offer various energy-efficient products and solutions that reduce the customers' environmental footprint and energy costs while at the same time contributing to modernizing working methods in the construction industry and infrastructure. One example is optimized water pump systems that reduce energy consumption in large water and sewage works.

Reduced resource consumption

The environmental pressure from the construction industry and infrastructure contributes to increased demands on suppliers' precision and innovation. Material consumption and amounts of waste need to be reduced, preferably by environmentally friendly materials and methods replacing traditional materials and solutions and by maximizing the use of circular materials. Nevertheless, it takes a long time to change a large industry. Innovative thinking sometimes requires the ability of companies to sell in and educate customers about products and solutions that are not yet in demand.


Case study - Lakers Group

Hunting for customers' CO2 emissions made green borrowing possible

The Lakers Group with 25 companies was acquired in October 2021 and at the turn of the year accounted for almost half of the Vestum Group's companies and a quarter of the turnover. The group is a leading Northern European supplier of aftermarket services and specialist products within water and sewage pumps in water infrastructure and has operations throughout the Nordics, Great Britain and Germany.

Investments in northern Europe's water infrastructure have long been lagging behind, resulting in an energy-consuming water and sewage system that will be upgraded in the coming years. With its extensive expertise in the environmental issues surrounding water and sewage systems, Lakers wants to safeguard possible environmental improvements and thereby contribute to solving some of society's environmental challenges.

In 2019, the Lakers developed a sustainability strategy for the areas where the group has the opportunity to make the biggest difference. The main development area that was identified is to help reduce customers' energy consumption and climate footprint. The possibility of being a solution to one of society's major key issues has also quickly become a business strategy because lower electricity consumption also contributes to large cost savings for customers.

Laker's analysis shows that there are great opportunities to repair and optimize current water infrastructure and thus create energy gains and increase the life of the systems. The methods are based on knowledge of optimization. Employees within the Lakers Group companies are therefore continuously trained in the "Lakers Equipment Optimization Program".

The sustainability strategy also includes reducing the group's own environmental footprint through green internal investments such as the purchase of green electricity and increased use of alternative fuels in service vehicles. In addition, Lakers must evaluate its suppliers' carbon dioxide footprint in order, where possible, to switch to suppliers with a greater environmental focus, more climate-smart solutions and to an increased extent conduct a dialogue with suppliers regarding sustainability issues. In addition to this, the Lakers also follow up key figures regarding the group's employees, anti-corruption and business ethics, all of which are of great importance to the business.

Laker's extensive sustainability work enabled the group to issue a sustainability-linked bond of NOK 750 million in May 2021, which during the year has been increased to NOK 950 million. Annually during the term of the bond until the year 2025, the Lakers re-report a number of key figures. Read more about Laker's sustainability work