Annual report 2023-2024

Eltronic Group, the parent company of Eltronic A/S, is today publishing its third sustainability report. Based on the development of sustainable technologies, minimizing environmental impact, and improving customers' competitiveness, the group strives to ensure greater sustainable development across the entire company.

Focus on Sustainability in 2023/2024

Eltronic Group’s ESG report for 2023/2024 includes all subsidiaries and highlights efforts in governance, environmental, and social aspects to promote sustainable development. Over the past fiscal year, we have significantly invested in digitalization, recognizing data as a critical driver for a sustainable future. These investments have not only advanced technological development but also resulted in a 13.2% increase in female board representation, reinforcing our commitment to diversity and equality.

Technological innovation and resource optimization

Lars Jensen, CEO of Eltronic Group, states: “Over the past year, we have continuously invested in the development of sustainable technologies that not only reduce our environmental footprint but also enhance our customers’ competitiveness.” With eight companies under our umbrella, our vision is to create solutions that have a positive impact on society and actively contribute to the green transition. By minimizing climate impact and reducing resource consumption, we are determined to lead the charge towards a more sustainable future. Our focus on innovation and resource optimization enables us to move toward a robust, environmentally friendly business model.

This effort demonstrates our commitment to responsible business practices, transparency, diversity, and addressing climate change.

Increased commitment to sustainable development

Aligned with Eltronic Group’s strategy, critical investments have been made in establishing an ESG data platform. This not only enhances operational efficiency but also enables the company to make informed decisions that align with its environmental and social goals.

Regarding environmental initiatives, Eltronic Group has taken steps to promote the green transition. An agreement has been made to ensure that electricity consumption at its Danish locations comes from 100% renewable energy. Additionally, the company is actively working to reduce emissions in accordance with the scientific consensus on climate change, as companies within the group have signed up for the Science Based Targets program.

In the past year, Eltronic Group has also reached an important milestone with the introduction of goal-oriented social metrics within the group. “Our employees are crucial to our success, and we prioritize creating a safe and attractive workplace. At the same time, I am pleased to see an increased focus on diversity, equality, and inclusion, fostering an inclusive culture for sustained growth,” emphasizes Lars Jensen.

Visionary organization with ambitious goals

As a forward-looking organization, Eltronic Group continues to set clear and ambitious sustainability goals. The company has defined a roadmap that serves as a testament to its commitment to environmental responsibility and paves the way for a future where its business practices seamlessly align with sustainability principles.