In 2023, we initiated a process to gradually enhance our transparency regarding our sustainability activities. In this 2024 annual report, we voluntarily meet the reporting requirements of the European Sustainability Reporting Standards (ESRS). With the ESRS the European Commission wants companies' ESG information to match their financial information. This allows stakeholders to review companies' activities on an equal basis and better assess the extent to which they create sustainable financial and non-financial value.
This sustainability statement has not been prepared in accordance with the reporting requirements provided for in Article 8 of Regulation (EU) 2020/852 (Taxonomy Regulation) as this is not yet mandatory for Royal A-ware.
From consumer to cow
Royal A-ware has structured this annual report in alignment with our value chain approach, which emphasises the shortest route from consumer to cow. This approach is built upon several key sustainability pillars: Greenhouse gas emissions, Product, Raw materials, Dairy farming, Employees, and Respectful collaboration. The various European Sustainability Reporting Standards (ESRS) are integrated within these pillars.
This report also includes the process of our double materiality assessment, conducted in accordance with the general requirements of ESRS 1. This assessment evaluates not only the impact of our activities on people and the environment—both positive and negative—but also how these factors financially affect our organisation, including the associated risks and opportunities.
The Corporate Sustainability Reporting Directive (CSRD) presents an opportunity for us to further strengthen our engagement with stakeholders and industry partners, ensuring that sustainability becomes even more deeply embedded in our operations.