GlobalData offers a comprehensive analysis of Rapala VMC, providing key insights into its Environmental, Social, and Governance(ESG) factors. By closely monitoring and aggregating mentions of climate change and associated ESG keywords, GlobalData delivers valuable information on Rapala VMC‘s ESG performance. GlobalData’s company profile on Rapala VMC offers a 360-degree view of the company, SWOT analysis, key financials, and business strategy including insights on ESG implementation among other information. Buy the report here.
Rapala VMC, a fishing tackle and outdoor equipment company, is committed to reduce its greenhouse gas (GHG) emissions. The company has implemented measures such as installing solar panels in its factories and using a machine to neutralize VOC emissions. Waste that cannot be recycled is utilized for energy production. The company also complies with local regulations and practices for waste management.
In terms of carbon emissions, Rapala VMC has made progress in reducing its CO2 emissions. The closure of its lure manufacturing unit in Indonesia has significantly decreased CO2 emissions. The company has also shifted its lure manufacturing units in Finland, Estonia, and Marttiini to renewable energy sources. However, a significant portion of the company's CO2 emissions comes from energy purchased and consumed by its factories.
Volatile organic compounds (VOC) emissions mainly originate from solvent use in painting operations. The company has invested in waste management systems in its European lure manufacturing units to reduce VOC emissions. In 2022, the company's VOC emissions were 96 tons, while CO2 emissions were 5 thousand tons. Additionally, in 2022, the company incurred environmental expenses totaling approximately EUR 0.3 million (EUR 0.3 million), while environmental investments amounted to around EUR 0.7 million (EUR 0.0 million).
Rapala VMC is taking various steps to reduce its emissions and improve sustainability. It has invested in solar panels for its factories and aims to extend sustainability actions to its supply chain. The company is also focusing on product development to design more ecological lures and has introduced more ecological packaging using recycled plastic and cardboard. Additionally, the company promotes recycling of its products, with most wooden parts being biodegradable and metals being recyclable.
In conclusion, Rapala VMC is dedicated to reduce its GHG emissions. The company has implemented measures such as using renewable energy sources, investing in waste management systems, and promoting recycling. The company's efforts towards sustainability and emission reduction are evident.