USA 
Russia 
Germany 
Mexico 
Netherlands 
France 
Sweden 
Italy 
Spain 
Targets and Outcomes
Financial targets
Annual sales growth
Target:
>5%
Outcome 2022:
17.7%
Please see footnote 1)
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%.
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%
Please see footnote 2)
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.
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:
Maintain a solid investment grade rating
Outcome 2022:
“Solid investment grade rating”
Net debt amounted to SEK 62,869m. Net debt in relation to adjusted EBITDA2) amounted to 3.08.
Dividend Policy
Target:
Long-term stable and rising dividends
Outcome 2022:
7.25
Dividend per share, SEK
The dividend for the 2022 fiscal year was increased with 4% compared with 2021 to SEK 7.25 per share.
Sustainability targets 2022
Science Based Targets
Target 2030:
-35%
Scope 1 and 2
Outcome 2022:
-18%
Scope 1 and 2
Targets are compared with 2016
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.
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%
Scope 3
Outcome:
-10%
Scope 33)
Packaging
Target 2025:
85%
Outcome 2022:
80%
Share of packaging manufactured from renewable and/or recycled material
Essity is striving for 100% recyclability and 85% renewable or recycled material in the company’s packaging. This target applies to both paper and plastic packaging for Essity’s brands.
Production waste
Target 2030:
100%
Outcome 2022:
62%
Subject to material or energy recovery
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.
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%
Share of FSCTM or PEFCTM-certified fresh fiber
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.
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%
Share that yielded social and/or environmental improvements
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.
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%
Decrease in total recordable incident rate compared with 2019
The Total recordable injury (TRI) figure includes Lost time accidents (LTA), Restricted work cases (RWC) and Medical treatment cases (MTC). All of Essity’s production facilities are conducting purposeful and systematic work with safety issues.
Gender distribution at management levels
Target 2025:
40/60%
Outcome 2022:
32/68%
Essity’s target is that gender distribution at all management levels (Executive Management Team, senior management, middle management) is to be within the interval 40/60% no later than 2025, where the majority group based on gender is to constitute no more than 60%. The target is reported at an aggregate outcome level for the three management levels.
Responsible sourcing
Target 2025:
95%
Outcome 2022:
90%
Share of Essity's total purchase cost from suppliers that comply with Essity’s Global Supplier Standard
Essity has a Global Supplier Standard to ensure responsible business operations and respect for human rights in the company’s supply chain.
Business ethics and Code of Conduct
Target:
100%
Outcome 2022:
90%
Share of new employees who received training in the Code of Conduct
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.
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.