The report highlights Nynas' strong financial performance in 2023 driven by the strong performance of its core operations. The company invested SEK 600 million during the year, including a large-scale turnaround at its Nynäshamn production plant. The company also made progress with its transformation program and implemented dozens of improvement initiatives, structurally improving both its costs and revenues, thereby improving the company's resilience. Nynas also joined forces with Stena Recycling to collect and re-refine end-of-life transformer oils, bringing a circular economy to the electrical industry. The report also covers the company's sustainability strategy, which focuses on four key areas: Sustainable Products, Health and Safety, Environment and Climate, and People and Society. Nynas has a strong commitment to sustainability and has set ambitious targets for reducing its environmental impact and becoming climate neutral by 2050. The report includes a comprehensive materiality assessment and outlines the company's approach to managing sustainability-related risks.
