Targets and Outcomes
Financial targets
Annual sales growth
Target:
>5%
Outcome 2022:
17.7%
In 2022, sales growth, including organic sales growth and acquisitions, amounted to 17.7%, of which volume accounted for 1.7%, price/mix for 14.0% and acquisitions 2.0%.
Adjusted return on capital employed
Target by 2025:
>17%
Outcome 2022:
9.7%
In 2022, return was negatively impacted by significant cost inflation, mainly for raw materials, energy and distribution. Earnings were positively impacted by significantly higher selling prices, higher volumes and a better mix.
Capital Structure Policy
Target:
Outcome 2022:
Dividend Policy
Target:
Outcome 2022:
7.25
Dividend per share, SEK
Sustainability targets 2022
Science Based Targets
Target 2030:
-35%
Outcome 2022:
-18%
Essity’s climate-affecting emissions are divided into three different classes (Scope) depending on origin. Scope 1 and 2 are directly linked to Essity’s production. Scope 3 reports indirect emissions in Essity’s value chain.
Target 2030:
-18%
Outcome:
-10%
Packaging
Target 2025:
85%
Outcome 2022:
80%
Production waste
Target 2030:
100%
Outcome 2022:
62%
Resource efficiency and the reduction of waste are important in Essity’s production facilities. The target is that all production waste will be subject to material and energy recovery by 2030, which reduces greenhouse gas emissions.
Fresh fiber
Target:
100%
Outcome 2022:
97%
Through certifications such as the Forest Stewardship Council (FSC) and the Programme for the Endorsement of Forest Certification (PEFC), Essity ensures sustainable fiber sourcing, thereby preventing deforestation and promoting biodiversity.
Sustainable innovations
Target:
>50%
Outcome 2022:
68%
Sustainable innovations are measured as the share of revenue from innovations launched in the most recent three years. For example, 2022 saw the launch of Leukoplast Eco, Libero Touch hybrid diaper, as well as leakproof apparel under such brands as Libresse, Bodyform, Saba, TOM Organic and TENA.
Health and safety
Target 2025:
-75%
Outcome 2022:
-39%
Gender distribution at management levels
Target 2025:
40/60%
Outcome 2022:
32/68%
Responsible sourcing
Target 2025:
95%
Outcome 2022:
90%
Business ethics and Code of Conduct
Target:
100%
Outcome 2022:
90%
The Code of Conduct describes how employees are to act, how the company operates, stakeholder expectations of Essity, and Essity’s commitment to human rights. All wholly owned subsidiaries are bound by the Code of Conduct.