Årsredovisning 2025

===== SIDA 39 =====

CSR 2025 FENIX OUTDOOR INTERNATIONAL AG   39
N3 GHG BREAKDOWN ABSOLUTE
2. NATURE, PAGE 08–17Gross Emissions Development Milestones and target years
Base year  
(2019)
Absolut 
2024 
(tCO₂eq)
Absolut 
2025 
(tCO₂eq)
Absolute re-
duction vs base 
year (t CO₂e)
Relative 
reductions vs 
base year (%)
Explanation of progress 2025 2030 2050
Annual % 
target vs. 
Base year*
Scope 1 emissions
Gross Scope 1 GHG emissions (tCO2eq) 1,725 1,364 1,428 –296 –17 Mainly through decrease in gas consumption from our warehouse in Almere, 
the US and better data availability in Germany; after Biogas certificates 
(1,000 MWh) have been deducted, 1,244 t CO2e  Scope 1 emissions are left 
(–29% reduction vs BY). 40% 
reduction 
absolute for 
Scope 1 & 2 
combined
9%Percentage of Scope 1 GHG emissions from regulated emission trading 
schemes (%)
0
0 0 0 0
Scope 2 emissions
Gross location-based Scope 2 GHG emissions (tCO2eq) 14,654 11,708 10,402 –4,252 –29 Includes CO2e emissions from CH₄ and N2O
Gross market-based Scope 2 GHG emissions (tCO2eq) 4,661 939 832 –3,829 –82 Includes CO2e emissions from CH₄ and N2O
Scope 3 emissions 0
Purchased Goods and Services** 63,707 46,252 72,267 8,569 13 Without Devold the reduction in PG&S is 21%. Main reason is the successful 
and large scale adoption of recycled fibers in our synthetic fiber categories 
and a reduced amount of products produced. 50% reduc-
tion per 
product 
produced
13%
Capital Goods** - 128 685 - -
Fuel- and Energy-Related Activities Not Included in Scope 1 or Scope 2 1,234 783 906 –328 –27
Upstream Transportation and Distribution 5,311 3,603 4,294 –1,017 –19 After adoption of marine biofuel certificates (287 t CO
2e removals): 4,007  
t CO2e; w/o RFI 2.7
Waste Generation in Operations** 20 75 101 81 405 Increase due to higher data transparency and completeness and addition of 
Devold sites in 2025.
Business Travel 3,952 2,068 3,626 –326 –8 Increase in electric and hybrid cars, incl. RFI 2.7
Employee Commuting** 1,353 1,533 1,786 433 32 Survey participants in 2025: 428 (2024: 577); Slightly different sample since 
more people from production and less people from retail replied; extrapolation 
to more employees.
Upstream leased assessts NA NA NA  NA Not applicable
Downstream Transportation and Distribution (paid by customer)** NA 222 193 NA NA Before, emissions from downstream T&D have been included in upstream due 
to lack of transparency. 
Processing of sold products NA NA NA NA Not applicable
Use of Sold Products** -  - Not yet calculated due to lack of data availability from use phase of our 
product assortement
End-of-Life Treatment of Sold Products** 30,216 24,374 26,600 –3,556 –12 Calculatory mistake in baseline calculation leads to an overstated reduction
Downstream Leased Assets - - - - NA
Franchises - - - - - Due to very few Franchises (<5) included in Scope 1 and 2
Investments 0 0 97 97 NA Emissions from  Scope 1 & 2 from partially owned companies (Tova and 
 Viomoda) baseline year data not available.
Total gross locations based emissions  (tCO2eq)** 122,172 92,110 122,455 283 0
Total gross market based emissions  (tCO2eq) 112,197 81,341 112,884 705 1
Total Scope 3 emissions  (tCO2eq) 105,793 79,038 110,624 4,831
Biogenic emissions outside of scopes (t CO2eq) from biogas consumption 0 0 48 48 With biogas certificates, biogenic carbon emissions account for 502 t CO2e 
(2024) and 242 t CO2e (2025).
Emissions that have been calculated but not included in the inventory 
because base line data was not available:
2024 2025
Emissions from Frilufts Retail Assortment (excl. Fenix brands, t CO
2e) 42,251 45,178
Emissions stemming from Website sessions (t CO2e) 134 60
High-level assessment of share of FLAG emissions in 2025 inventory % < 10%
*Including growth rateEmissions that have been calculated with the Greenhouse Gas Protocol and reporting requirements from STICA whenever possible in accordance with the  
operational control approach. Please find detailed information on emission factors, data impairements and caveats in chapter 7 of this report.
50% absolute reduction compare to baseyear 2025 in material scopes1, 2 and 3 categories
90% absolute reduction compare to baseyear 2025 in material scopes1, 2 and 3 categories
** Devold data not available for baseline year 
2019 but included in 2025

===== SIDA 40 =====

40  CSR 2025 FENIX OUTDOOR INTERNATIONAL AG
2. NATURE, PAGE 08–17
Other emissions in kg 2023 2024 2025*
NOx 14,728 15,385 7,230
SO2 10,564 3,843 4,456
NMHC 1,292 3,188 11,861
PM10 1,044 849 666
N5 POLLUTANTS
N-4 GHG intensity per net revenue 2023 2024 2025* YoY comparison 
(%)
Total GHG emissions (location-based) 
tCO2e
106,074 92,110 122,455 33
Total GHG emissions (market-based) 
tCO
2e
96,950 81,341 112,884 39
Total GHG emissions (location-based) 
per net revenue (tCO
2eq/Monetary unit)
143 134 176 31
Total GHG emissions (market-based) 
per net revenue (tCO
2eq/Monetary unit)
131 119 162 37
Net revenue used to calculate GHG 
intensity (MEUR)
740 686 695 1
Net revenue (other)  -  -
Total net revenue (in financial  
statements)
740 686 695
N4 GHG BREAKDOWN INTENSITY
*  including Devold

===== SIDA 41 =====

CSR 2025 FENIX OUTDOOR INTERNATIONAL AG   41
2. NATURE, PAGE 08–17
Amount conventional (kg) Amount more sustainable (kg) Amount recycled (kg)
MARKETING 353,072 603,081 43,119
Cardboard 4,304 336 1,271
Glue 1,561
Ink 8,045 4,753
Paper 324,654 595,744 41,517
Plastic 10,386 2,110 6
PVC 443 26
Wood 725 60
Other Materials 2,811 52 325
Other Metals 143
OFFICE SUPPLY 6,799 13,088 745
Cardboard 1,918 2 15
Glue (glue stick, tape) 156 4 1
Metals 254 5 2
Paper 2,595 12,990 555
Plastic 1,145 35 133
Toner/Ink 92 14 4
Other Materials 639 38 35
PACKAGING 642,374 147,872 399,472
Cardboard 415,752 138,312 261,752
Glue (glue stick, tape) 18
Metals 1,942
Paper 138,999 8,848 68,354
Plastic 6,373 443 3,098
Polyethylene 43,349 62,918
Polypropylene (e.g. straps, tapes) 8,881 152 3,286
PVC 715 117
Wood 25,975
Other Materials 389 47
SHOPPING BAGS 18,297 22,603 7,917
Multi use plastics 5,298 1,073
Single use plastics 3,524
Paper 16,267 13,781 6,844
Other Materials 2,030
Total all consumables 1,020,542 786,644 451,254
N6 CONSUMABLES (INCL. DEVOLD)

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42  CSR 2025 FENIX OUTDOOR INTERNATIONAL AG
2. NATURE, PAGE 08–17
Materials Amount conventional (kg) Amount  more Sustainable (kg) Amount recycled (kg) Total t CO2e*
PLANT-BASED FIBERS AND MATERIALS
Coconut 91 0
Corozo 381 0
Cotton 51,666 413,548 3,241 3,642
Hemp 21,592 0 286
Paper 0
Wood 0
Other plant-based fibers and materials
ANIMAL DERIVED
Alpaka
Bees wax 1,190 1
Down 24,103 39
Leather 1,393 166,649 2,360
Silk 1,250 113
Wool 109,904 562,209 2,050 30,177
MAN-MADE CELLULOSIC FIBERS
Lyocell 19,599 171
Modal 2,145 21,394 246
Viscose 38,069 625
Other man-made cellulosic fibers 1,429 19
SYNTHETICS FIBERS AND MATERIALS
ABS plastics 185 1
Acrylic 10,578 161
Elastane 18,850 167
ePE/PU 10,962 42
Fiber glass reinforced plastic (FRP) 3,705 16
PLA 389 2
Polyamide (Nylon, etc.) 148,327 376,660 5,812
Polyester 316,594 750,693 9,084
Polyethylene 5,074 20
Polypropylene 180,754 1,122
Polyurethane 11,277 132
POM 28,147 156
Thermoplastic Elastomere 48 0
Thermoplastic Polyurethane 12,155 87
Tritan 956 7
Other synthetic fibers 194 2
N7 RAW MATERIAL INFLOW (INCL. DEVOLD)

===== SIDA 43 =====

CSR 2025 FENIX OUTDOOR INTERNATIONAL AG   43
2. NATURE, PAGE 08–17
METALS AND INORGANIC Amount conventional (kg) Amount  more Sustainable (kg) Amount recycled (kg) Total t CO2e*
Aluminium 7,644 70
Brass 57,568 55
Copper 1 0
Stainl. Steel 3,711 9
Steel 8,041 19
Emaille 1,500 4
Alloy 30,669 79
FOAMS & RUBBER
Ethylene-vinyl acetat foam 258 1
Polyurethane foam 34,399 192
Thermoplastic rubber (TRP) 0
Other rubber 172,828 966
OTHER MATERIALS AND SUBSTANCES
Acetat 327 6
Glue 114,445 572
Paraffine 9,6256 6
Silicone 16 0
Vinylon F 106,121 2,167
Other materials and substances 128 0
Total 1,524,586 1,207,502 1,132,644 58,637
N7 RAW MATERIAL INFLOW (CONTINUED)
* <1t shown as 0
Waste composition Waste generated 
(t)
Waste diverted 
from disposal
Waste directed to disposal Percentage of 
non-recycled waste
Batteries 1 1 0 1 %
Biodegradable waste 48 48 0 1 %
Chemicals (hazardous) 1 0 1 96 %
Chemicals (non-hazardous) 0 0 0 100 %
Electronic Waste 1 1 0 11 %
Empty chemicals and containers 0 0 0 100 %
Fluorescent lightbulbs 0 0 0 100 %
Glass 1 0 0 36 %
Metal 10 6 4 38 %
Mixed commercial waste 179 109 71 39 %
Other 51 15 36 71 %
Paper and Cardboard 406 397 9 2 %
Plastic 40 37 3 8 %
Residual waste 181 2 179 99 %
Wood 25 15 10 39 %
Total 944 632 314 33 %
N8 WASTE BY COMPOSITION, IN METRIC TONNE (INCL. DEVOLD)
Local standards are used for metric conversion. Although data quality is improving, the data seta are most likely not showing the full 
picture. Amounts smaller 1 t are not shown in the table but considered for GHG accounting. Displayed diversion and disposal values 
may not add up to total waste generated due to rounding.

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44  CSR 2025 FENIX OUTDOOR INTERNATIONAL AG
2. NATURE, PAGE 08–17
KPI 2023 2024 2025
CO2e (t)* 2 2.24 2.72
kWh 9,340 10,200 9,789
Travel (km)*** 1,840 1,041 428
Paper (kg)** 11 5 5
H2O (m3) 21 60 34
Number of employees 2,972 2,790 3,021
N10 FOOTPRINT PER FTE
*  includes emisisons from Scope 1 and 
2, commuting and business travel
**  as repor ted "consumded" for office 
purposes
*** excl. Commutes
Modality Inbound transport 2023 t CO2e 2024 t CO2e 2025 t CO2e
Truck 1,559 1,371 707
Sea (after deduction of SMFB certificates) 619 46 537
Air (w/o RFI 2.7) 509 1,132 1,723
Air (with RFI 2.7) 1,374 3,056 4,652
Rail 232 30 23
Barge 0 0 3
N9 BREAKDOWN TRANSPORT EMISSIONS
N11 RENEWABLE ELECTRICITY – MARKET INSTRUMENT MIX 
2020 2021 2022 2023 2024 20252019
REGO (MWh)
RECs (MWh)
Polish GO (MWh)
I-REC ex. Domain (MWh)
I-REC (MWh) 
GOs (MWh)
Contract (MWh)
GOLIK (MWh)
GECs (MWh)
0
5,000
10,000
15,000
20,000
25,000

===== SIDA 45 =====

CSR 2025 FENIX OUTDOOR INTERNATIONAL AG   45
3. ECONOMY, PAGE 18–23Case Description Action Closed/ 
Pending
Administrative Offence Violation of  German NSG-VO Payment of fine (500 EUR) Closed
Chemicals Chemical Test fails (in conjunction 
with Cal. Prop65) 4x; 37x violation of 
 Fenix Outdoor guideline (beyond legal)
Suppliers contacted, corrective action demanded; 
Cal Pro65 labelling triggered
Closed
CoC violation Request for CoC exemptions Risk Analysis conducted: Exemptions approved Closed
Conflict of Interest Conflict of interest/nepotism Analysis conducted; CoI risk identified; change of reporting 
line, change in responsibilities
Closed
Conflict of Interest Question regarding possible conflict 
of interest
Analysis conducted; CoI risk identified; follow-up on-going Pending
Discrimination Website accessibility (ADA)/state laws Two casse of website accesibility (USA); settlement Closed
Discrimiantion California Privacy Act One case in US eCom ; settlement Closed
Discrimination 17 Employee complaints Employees complaint about not following the Fenix Way 
and lack of communication; Mitigation by responsible 
 manager  initiated
Closed
Fraud & Theft Company theft and fraud in the Nordics Police investigation, dismisal of employees after theft 
 detection
Closed
GDPR Phishing attacks Mitigation; e-mail addresses leaked -> mitigation aproved by 
Legal and DPO; reported to authorities as appropritate
Closed
Harrassment Harrasssment in-stores HR involved; case resolved Closed
HinSchG Complaint about not following HinSchG 
in Fenix Outdoor
Legal check: unjustified claim - responded to complaining 
party
Closed
IP Rights Complaint: possible trademark 
 infringement of brands, sold in our 
retail stores
Removal of possible trademark infringements from websites 
and marketing materials; fine paid when reaction was 
not fast enough
Closed
IP Rights Counterfeit/ copy of Fenix Outdoor 
product
Settlement pending (products removed from market) Pending
Copyright violation Unauthorized use of music clips Rectified; fee paid Closed
Labelling Product labellings Recitified; settlement Closed
E1 COMPLIANCE CASES 2025
In 2025, 411 individuals received an anti-corruption e-learning course; 125 individuals participated in an in-person training and a number of individuals took part 
on-line (the figure for this could not be established).

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46  CSR 2025 FENIX OUTDOOR INTERNATIONAL AG
3. ECONOMY, PAGE 18–23
Total tax Norway Sweden Germany Netherlands USA Finland Denmark Switzerland Other
EUR −16,686,477 −1,041,425 −6,260,651 −3,237,536 −321,743 −3,041,975 −438,694 −1,133,522 −273,313 −937,618
3000  Net sales, external * 698,645,469 27,730,112 9,108,035 284,282 29,726,493 7,044,697 29,356,136 6,568,438 14,265,202
3010  Net sales, internal * 5,312,783 4,939,778 1,448,551 774,278 3,993,322 18,434,718 4,633,085
3011  Marketing discount, Internal (negative) * –1 –80 830
3500  Invoiced expenses * 1,282,106 18,452 2 1,056 64,467 17,300 37,443
3550  Samples, internal * –1 36,552 79,581 31,575
9305  Total Net sales * 705,240,356 32,724,894 1,448,553 9,882,313 4,358,241 48,225,678 11,645,827 29,356,136 6,605,881 14,265,202
8910  Current tax on profits for the year –15,335,732 –40,087 –316,253 –92,676 –429,265 –46,459 50,872
8940  Deferred tax –22,450 -1 594 518
8941  Deferred tax (IFRS16) 59,612 652 –5,179 47 –43,333 –2,000
8920  Adjustment for current tax of prior periods –394,418 –7,618 –208,856 15,735 60,505
8980  Other taxes –993,489 -161 782
9460  Total tax –16,686,477  652 –40,087 –321,432 –92,676 –1,756,300 –436,836 –252,189 –30,724 109,377
Deferred tax 37,162 –379,533 2,641,478 –41,874 848,762 –2,485,835 –1,811 –43,516 1,686 –502,195
EUR –16,723,639 –661,892 –8,902,129 –3,195,662 –1,170,505 –556,140 –436,883 –1,090,006 –274,999 –435,423
Of Total tax 100 % 4 % 53.2 % 19.1 % 7 % 3.3 % 2.6 % 6.5 % 1.6 % 2.6 %
E2 TAXES PER COUNTRY

===== SIDA 47 =====

CSR 2025 FENIX OUTDOOR INTERNATIONAL AG   47
S1 NUMBER OF HUMAN RIGHTS AND ENVIRONMENTAL BRAND AUDITS (HREDD)
Audit Grade Tier 1 suppliers Tier 2 suppliers Tier 3 & 4-suppliers Summary in percentage
A 14 5 0 21%
B 37 6 2 49%
C 19 6 1 28%
D 0 1 1 2%
In total 70 18 4 92
Year Audit coverage
2023 45%
2024 53%
2025 46%
S2 AUDIT COVERAGE BRAND TIER 1-SUPPLIERS PER YEAR
Tier 1 & 2 level Only Tier 1 level
Production 
countries
(not displaying 
all production 
countries, only 
audit-related)
Country risk score 
according to 
LRQA's EiQ (Risk 
key: extreme, high, 
medium, low)
Disclosure of 
 geographies for 
which there is 
 significant risk of 
child labour, or of 
forced or compul-
sory labour (accord-
ing to LRQA EiQ), 
among  workers 
in undertaking’s 
value chain.
Number of 
received HREDD 
assessments 
(vSLCP & audits) 
in  production 
countries
Number of 
detected forced 
labor
Number of 
received HREDD 
assessments 
(vSLCP & audits) 
in production 
countries
Number of Tier 1 
factories
Main Tier 1 
 production 
 countries with 
highest purchase 
volume marked 
with “x”
No. of Tier 1 
 facilities 
 classified 
as  high-risk 
 according to 
internal ESG 
risk analysis
China High Child labor; 
Forced labor
28 0 1 47 x 3
Czech 
Republic 
Medium - 1 0 0 1 0
Germany Low - 1 0 0 5 0
Indonesia High Child labor 3 0 0 4 x 0
Lithuania Medium - 3 0 0 5 x 0
Mexico High Forced labor 3 0 0 2 0
Philippines High Child labor, 
Forced labor
1 0 0 2 0
Portugal Medium - 1 0 0 8 0
Serbia Medium Forced labor 1 0 0 3 x 0
South Korea  
(only Tier 
2  audited)
Medium Forced labor 4 0 0 0 0
Sweden Low - 1 0 0 4 0
Taiwan Medium Child labor, 
Forced labor
5 2 0 2 0
USA Medium - 1 0 0 0 0
Vietnam High Child labor, 
Forced labor
39 0 0 41 x 5
S3 HREDD RISK ANALYSIS OF FENIX OUTDOOR BRANDS PRODUCTION COUNTRIES (MAIN FOCUS: TIER 1 SUPPLIERS)
4. SOCIETY, PAGE 24–31

===== SIDA 48 =====

48  CSR 2025 FENIX OUTDOOR INTERNATIONAL AG
Asessment Topic Zero Tolerence Critcal Major Moderate Minor Total Share 
1. Transparency & Business Integrity 1 <1%
2. Management System 92 28 17%
3. Hiring, Disciplinary & Termination 7 9 2 2%
4. Young Worker & Child Labor 1 <1%
5. Forced Labor 2 <1%
6. Harassment & Abuse 0%
7. Discrimination 2 <1%
8. Freedom of Association & Grievance 13 6 7 4%
9. Wages & Benefits 32 21 1 7%
10. Hours of Work 22 28 33 11%
11. Health & Safety 2 150 198 37 53%
12. Environment 26 2 4%
13. Subcontracting 3 1 <1%
Total share 0% 1% 35% 49% 15%
S4 OVERVIEW OF NUMBER OF FINDINGS PER ASSESSMENT TOPIC AND SEVERANCE LEVEL
Production country Number of wage data 
sets collected
Average minimum 
wage of factories 
(local currency)
Average net living 
wage estimate 
GLWC or Wage 
Indicator  (local 
currency)
Average net wage of 
evaluated data sets 
(local currency) 
Average living 
wage gap
Number of factories 
above the living 
wage estimate
Vietnam 7  4,194,286  7,041,478  5,953,387 –15.45% 1
European countries 3 N/A  N/A  N/A 13.65% 3
Other Asian countries 6 N/A  N/A   N/A –8.82% 3
Tier Number of Audits Number of Findings Share of Fully 
 Remediated* Findings
Number of Major 
 Findings
Share of Fully 
 Remediated* Major 
Findings
1 70 473 41.9% 181 38.7%
2-4 22 209 59.3% 70 52.9%
Total all Tiers 92 682 47.2% 251 42.6%
Year 2023 2024 2025
Average score of  sustainabilty criteria 34.86% 40.47%  44.47%
Total number of created scorecards factory 127 132 113
S5 WAGE DATA COLLECTION AND EVALUATION 
S-7 REMEDIATION STATUS OF 2025 AUDIT FINDINGS 
S6 STATUS OF TIER 1 SUPPLIER FACTORY SCORECARDS REGARDING SUSTAINABILITY CRITERIA
4. SOCIETY, PAGE 24–31
*A finding is considered “fully remediated” once all corrective actions have been implemented and verified through our internal staff.

===== SIDA 49 =====

CSR 2025 FENIX OUTDOOR INTERNATIONAL AG   49
Survey Response* Percentage of  Suppliers
Reported Grievances  
in  Facilities
Yes 20.8%
No 70.8%
N/A 8.3%
Supplier Offers  Internal  
 Trainings on  Grievance  
 Mechanisms
Yes 81.7%
No 8.3%
N/A 10.0%
Methods Used to  Me asure  
 Training  Effectiveness
Surveys 16.4%
Quizzes 24.0%
Interviews 19.9%
Other methods 26.0%
Not measured 13.7%
Methods for Informing New 
 Workers about  Grievance 
 Mechanisms
Trainings 73.0%
Notice Boards 11.0%
Other methods 16.0%
Country Total Employees Male Employees Female Employees Foreign Migrant 
Workers
Domestic Migrant 
Workers
Juvenile Workers
China 7,541 33% 67% 0% 12% 0%
Czech Republic 22 41% 59% 0% 0% 0%
Germany 63 60% 40% 17% 0% 0%
Indonesia 4,604 17% 83% 0% 0% 0%
Lithuania 188 10% 90% 4% 0% 0%
Mexico 2,121 46% 54% 0% 0% 0%
Philippines 373 76% 24% 0% 0% 0%
Serbia 124 13% 87% 0% 0% 0%
South Korea 154 68% 32% 4% 0% 0%
Sweden 76 55% 45% 0% 0% 0%
Taiwan 390 67% 33% 55% 0% 0%
Vietnam 24,742 23% 77% 0% 23% <1%
S9 WORKFORCE COMPOSITION AND VULNERABLE GROUPS TIER 1 SUPPLIERS
S8 MONITORING AND IMPLEMENTATION OF GRIEVANCE MECHANISMS  
IN SUPPLY CHAIN FACTORIES ( RESULTS OF THE ANNUAL SUPPLIER SURVEY)
4. SOCIETY, PAGE 24–31
* Multiple responses were possible.

===== SIDA 50 =====

50  CSR 2025 FENIX OUTDOOR INTERNATIONAL AG
2025 2024
Number of employees 
(FTE)
Of whom
men
Of whom
women
Number of employees 
(FTE)
Of whom
men
Of whom
women
Sweden 500 192 308 496 206 290
Norway 125 46 79 66 30 36
Denmark 111 63 48 110 61 49
Finland 156 57 99 153 60 93
Germany 1,042 593 449 1,099 619 480
Austria 5 3 2 5 3 2
Holland 66 39 27 91 53 38
England 43 27 16 43 29 14
Switzerland 14 5 9 15 6 9
Hungary 65 11 54 70 12 58
Americas 395 196 199 430 221 209
China 25 10 15 25 10 15
Other countries 474 109 365 187 84 103
Total, Group 3,021 1,351 1,670 2,790 1,394 1,396
2025 (based on headcount)
Country Gender Permanent employees Temporary employees Hourly paid employees
number % number % number %
Germany Female 501 37.0% 115 9.0% 0 0%
Male 613 45.0% 121 9.0% 0 0%
Sweden Female 350 49.0% n/a n/a 67 9%
Male 238 34.0% n/a n/a 53 7%
Finland Female 125 54.8% 20 8.8% n/a n/a
Male 78 34.2% 5 2.2% n/a n/a
Denmark Female 114 44.7% 7 2.8% n/a n/a
Male 125 49.0% 9 3.5% n/a n/a
Norway Female 138 51.1% n/a n/a 48 17.8%
Male 48 17.8% n/a n/a 36 13.3%
Netherlands Female 32 37.7% n/a n/a n/a n/a
Male 53 62.4% n/a n/a n/a n/a
Switzerland Female 3 42.9% 0 0.0% 0 0%
Male 4 57.1% 0 0.0% 0 0%
Hungary Female 69 82.1% 0 0.0% 0 0%
Male 15 17.9% 0 0.0% 0 0%
China (JV) Female 243 86.8% 0 0.0% 0 0%
Male 37 13.2% 0 0.0% 0 0%
Asia (other) Female 102 56.0% 6 3.3% 0 0%
Male 68 37.4% 6 3.3% 0 0%
USA/Canada* Female 126 31.9% 4 1.0% 65 16.5%
Male 140 35.4% 0 3.0% 60 15.2%
W-1 TOTAL NUMBER OF EMPLOYEES IN FTE
W-2 WORKFORCE BY EMPLOYMENT TYPE
5. WELL-BEING, PAGE 32–37
* = one non-binary employee included

===== SIDA 51 =====

CSR 2025 FENIX OUTDOOR INTERNATIONAL AG   51
W-2 WORKFORCE FENIX OUTDOOR GROUP
Europe Asia North America
Female Male Female Male Female Male Nonbinary
Executive Team
Under 30 years 0 0 0 0 0 0 0
30 to 50 years 1 3 0 0 0 0 0
Over 50 years 0 2 0 0 0 1 0
Top Management
Under 30 years 0 0 0 0 0 0 0
30 to 50 years 6 15 6 3 7 2 0
Over 50 years 4 19 0 5 5 3 0
Backoffice 
Employees (stores 
and offices)
Under 30 years 487 391 55 9 82 70 4
30 to 50 years 723 622 278 90 60 88 1
Over 50 years 294 305 10 6 13 18 0
Production 
and Warehouse 
 Workers
Under 30 years 37 15 n/a n/a 2 1 0
30 to 50 years 162 24 n/a n/a 9 16 0
Over 50 years 228 16 n/a n/a 7 8 0
W-3 WORKFORCE SEGMENTATION  
(BASED ON HEADCOUNT)
5. WELL-BEING, PAGE 32–37
2024
Country Gender Permanent employees Temporary employees Hourly paid employees
number % number % number %
Germany Female 457 36.0% 105 8.3% 0 0%
Male 569 44.8% 139 10.9% 0 0%
Sweden Female 374 49.2% 51 6.7% 179 24%
Male 292 38.4% 43 5.7% 142 19%
Finland Female 128 57.4% 15 6.7% 116 52.0%
Male 77 34.5% 3 1.3% 54 24.2%
Denmark Female 106 35.7% 12 4.0% 90 30.3%
Male 160 53.9% 19 6.4% 126 42.4%
Norway Female 51 52.0% 8 8.2% 41 42%
Male 33 33.7% 6 6.1% 24 24%
Netherlands Female 21 37.5% 1 1.8% 0 0%
Male 34 60.7% 0 0.0% 0 0%
Switzerland Female 9 90.0% 0 0.0% 0 0%
Male 3 30.0% 0 0.0% 0 0%
Hungary Female 57 100.0% 0 0.0% 0 0%
Male 11 100.0% 0 0.0% 0 0%
China (JV) Female 0 0.0% 186 100.0% 0 0%
Male 0 0.0% 27 100.0% 0 0%
Asia (other) Female 59 51.8% 55 48.2% 0 0%
Male 53 60.0% 36 40.0% 0 0%
USA/Canada Female 194 90.7% 10 4.7% 10 4.7%
Male 217 93.9% 7 3.0% 7 3%

===== SIDA 52 =====

52  CSR 2025 FENIX OUTDOOR INTERNATIONAL AG
Total result
Categories Number of work-related injuries
Injuries during work / office hours 238
Injury Rate 3.54
High consequence work-related injuries 
(excluding fatalities)
0
Work-related fatalities 0
Lost days because of injuries and 
 occupational diseases
309
Category Male 
hrs/year/person
Female 
hrs/year/person
Nonbinary 
hrs/year/person
Warehouse and 
 Production Workers
16 16 0
Back Office (stores and 
offices)
42.5 42.5 41.5
Senior Management 21 21 0
Executive Management 5 0 0
W-4 KEY WORKPLACE SAFETY STATISTICS
W-5 TOTAL HOURS OF TRAINING PER EMPLOYEE
The nature of work, executed in our 
own  operations are:  
• office work
• warehouse work
• store sales and restocking
• own production of shoes
The majority of incidents happen:
• on the way to/from work
• warehouse
• office
Global average: 36.79 hours
Total hours invested: 113,750
**** = at least minimum wage level where applicable; generally above minimum = > 1
Local entry wage levels compared to minimum wages by gender**** (internal/external)
Gender Male Female Other
Level 1 1 0
W-6 VARIOUS KPIS RELATED TO ESRS S1
* = reported, based on headcount; data set incomplete
Category Number of employees
Flexible working hours 1,372*
Job-share 0
Sabbatical 0
Telecommuting 800
Trust-based working hours 450
One day home office 1,372
W-7 WORKING HOURS AND FLEXIBILITY 
5. WELL-BEING, PAGE 32–37
Workforce covered by Collective Bargaining Agreements
Region Europe Asia Americas
Percent 95.60% 2.4% 0%
*** = includes Devold employees but they were 
not asked to sign in 2025, thus, signature rate is 
99.5% without Devold.
Signed Code of Conduct by Employees 
Goal 100%
2025 88.7%***

===== SIDA 53 =====

CSR 2025 FENIX OUTDOOR INTERNATIONAL AG   53
* The Gender Pay Gap represents a blurred picture because we did not 
calculate/extrapolate part-time employees (mainly female) to a full-
time  position.  If we did so, the pay gap would be significantly lower in all 
 countries but still measurable for the age groups 30 to 50; for age groups 
< 30 and > 50 no  significant difference can be measured.
** not calcualted in 2025
Country Gender 
Pay Gap*
Annual Total 
Rem. Ratio 2024**
Ratio highest vs 
lowest income
Percentage of employees that earn below the 
 applicable adequate wage benchmark (%)
EUROPE
Germany 17.0% 7.9 11.1 0
Sweden 24.0% 8.7 26.7 0
Denmark –1.5% 3.9 5.2 0
Norway 23.5% 2.3 5.1 0
Netherlands 8.8% 4.3 5.4 0
Switzerland n/a 1.2 1.3 0
ASIA
all countries 23.4% n/a 1.3 0
AMERICAS
all countries 28.9% 30.44 8.4 0
W-8 PAYMENT RATIOS:  GENDER PAY GAP AND HIGHEST PAID INDIVIDUAL / LOWEST PAID INDIVIDUAL
5. WELL-BEING, PAGE 32–37
2025
Gross  
salary
Benefits  
and other 
 remunerations
Pension  
contributions Total  
Executive chairman, Martin Nordin 747 37 18 803
President, Alexander Koska 448 53 0 501
Other Senior Executives and  
Susanne Nordin 1,974 130 798 2,902
Total 3,169 233 816 4,219
NOTE 5 ANNUAL REPORT 2025

===== SIDA 54 =====

54  CSR 2025 FENIX OUTDOOR INTERNATIONAL AG
W-9 COMPENSATION REPORT SUMMARY
COMPENSATION BOARD OF  
DIRECTORS 2025 TEUR (audited)
Base  
salary
Benefits and 
other remu-
neration
Consultant  
fee
Pension  
contributions
Social  
costs
Variable compensation 
related to and accrued  
in 2024, incl. soc. cost Total
Total in TCHF 
EUR/CHF 
0,9366
 Martin Nordin, Executive Chairman  747 37  -      18 65 - 868 813 
 Susanne Nordin   218 13 - -   28 - 258 242 
 Ulf Gustafsson  -   27 56 - - - 83 78 
 Mats Olsson  -   27 - -   - - 27 25 
 Sebastian Von Wallwitz  -   27 - -   - - 27 25 
 Rolf Schmid   27 64  - - - 90 85 
 Total  965 158 120 18 93 - 1,353 1,267
 Total fixed compensation 965 158 120 18 93 - 1,353 1,267
 
COMPENSATION BOARD OF  
DIRECTORS 2024 TEUR (audited)
Benefits and 
other remu-
neration
Consultant  
fee
Pension  
contributions
Social  
costs
Variable compensation 
related to and accrued  
in 2023, incl. soc. cost Total
Total in TCHF 
EUR/CHF 
0,9531729
 Martin Nordin, Executive Chairman   734 37 -       18 66 - 855 815
 Susanne Nordin   204 13    -   - 27        - 244 232
 Ulf Gustafsson      -   28 54    -           -             - 82 78
 Mats Olsson  -         28          -     -         -          -    28 27
 Sebastian Von Wallwitz  -         28 -          -      -       -      28 27
 Rolf Schmid       -     28 63      -            - - 91 87 
 Total  938 162 117 18 93 - 1,328 1,266
 Total fixed compensation 938 162 117 18 93 - 1,328 1,266
COMPENSATION BOARD 
SENIOR EXECUTIVES 2025 
TEUR (audited) Base salary
Benefits and other 
remuneration
Pension  
contributions
Social 
costs
Variable compensation  
related to and accrued  
in 2024, incl. soc. cost Total
Total in TCHF 
EUR/CHF 
0,9711551
Total in TCHF 
EUR/CHF 
0,9711551
 President 448 66 - - 21 535 501 570
 Senior Executives 1,756 117 395 491 721 3,479 3,259 2,583
 Total 2,204 183 395 491 742 4,015 3,760 3,153
 Total fixed compensation 2,204 183 395 491 742 3,273 3,065 2,863
   
COMPENSATION BOARD 
SENIOR EXECUTIVES 2024 
TEUR (audited) Base salary
Benefits and other 
remuneration
Pension  
contributions
Social 
costs
Variable compensation  
related to and accrued  
in 2024, incl. soc. cost Total
Total in TCHF 
EUR/CHF 
0,9711551
Total in TCHF 
EUR/CHF 
0,9711551
 President 441 65 - - 92   598 570 817
 Senior Executives 1,654 65 378 401 212 2,710 2,583 2,978
 Total 2,095 130 378 401 304 3,308 3,153 3,795
 Total fixed compensation 2,095 130 378 401 - 3,004 2,863 2,452

===== SIDA 55 =====



===== SIDA 56 =====

56  CSR 2025 FENIX OUTDOOR INTERNATIONAL AG
7. About the Report (ESRS 2)
7.1 GENERAL
Fenix Outdoor is pleased to present its 2025 Sustainability Report. 
We always strive to engage our stakeholders and want to uphold 
our commitment to transparency and corporate responsibility. Our 
sustainability reporting takes place on an annual basis. This report 
has been prepared in accordance with the Corporate Sustainability 
Reporting Directive (CSRD) to provide a comprehensive overview of 
our organization’s environmental, social and governance (ESG) per-
formance. The report aims to ensure transparency, accountability 
and compliance with the European Union's sustainability disclosure 
requirements. Through this document, we seek to offer stakeholders 
– investors, customers, employees, regulators and the broader com-
munity – insights into our sustainability initiatives, impacts and  
strategic commitments. This report has not been yet verified but will 
be spot-checked during 2026.
7.2 SCOPE AND BOUNDARIES
The scope of this report covers the financial year 2025 and includes 
all relevant business units, subsidiaries and operational sites where 
we have significant control or influence. The report provides both 
qualitative and quantitative data on key ESG factors, assessed against 
applicable regulatory frameworks, international standards and our 
internal sustainability goals. In part, we also include the information 
from our joint venture in China.
7.3 REGULATORY AND REPORTING FRAMEWORKS
This report aligns with the CSRD, incorporating the European Sus-
tainability Reporting Standards (ESRS) as prescribed by the Euro-
pean Financial Reporting Advisory Group (EFRAG). Additionally, 
we have referenced other globally recognized frameworks, including:
Global Reporting Initiative (GRI)
United Nations Sustainable Development Goals (UN SDGs)
OECD Guidelines for Multinational Enterprises.
Our disclosures are designed to ensure compliance with double 
materiality principles, addressing both financial and impact  
materiality.
This report aims to fulfill the Global Reporting Initiative (GRI) 
standards and the principles of the UN Global Compact. We also 
aligned our reporting according to Swiss Ordinance 964a through 
964c.
The Content Index lists the indicators as defined by the ESRS that 
have been applied. Material topics addressed were raised in Fenix 
Outdoor’s Materiality Matrix 2024 and reassessed in 2025. In light 
of the ESRS requirements, we streamlined it to be compliant with 
respect to the double materiality requirements. The respective  
indices are easy to find with page references, and there are further 
comments for those who need any clarifications. The previous  
Sustainability Report was published in April 2025, and we will  
continue to publish on an annual basis for the foreseeable future.
7.4 METHODOLOGICAL INFORMATION
The reporting period is the business year 2025. The report also  
discloses information on key events and data from previous years 
for comparison. If at the time of publication the final figures of 2025 
were not yet available, comparable annual figures for 2024 or a com-
parable time range of 12 months (e.g., October 2024 to October 
2025) have been used as the basis for calculation. Certain datasets 
are constantly used with a year’s delay (e.g., water and heating figures 
for stores in Germany). These are marked accordingly in the report 
or further described in the section about the methodologies used for 
environmental data. As some data are location- and market-specific 
but have been summed up, the indication of data not correspond-
ing with the actual business year is not possible. Some data only refer 
to a portion of the business year since the location was not in oper-
ation for a full 12-month period.  Where no specification for elec-
tricity consumption data was available, a company-specific average 
was used for estimates or the data from the year before. However, the 
most recent conversion factors are used. In contrast to the annual 
report, the CSR Report also includes data from Chinese locations 
(JV). Data from suppliers are integrated, as far as available.  
Subsequently, personnel datasets are also to some degree on a  
different basis than in the annual report. 
Relevant CO
2e emissions from some exclusive suppliers have 
been included in the offsetting data. Gas consumption data for 2025 
for Hanwag (Germany) are based on the period from May 2024 to 
April 2025. Some emission factors were calculated internally. Some 
data have been extrapolated, and estimates are based on a conser-
vative behavioral assumption (e.g., per-capita data from statistical 
handbooks for the respective region or country). Hence, some data 
are likely to be over-statements. The reporting entities cover more 
than 99% of the corporate value generation and 99% of the Group’s 
employees. However, where needed, calculation and extrapolation of 
data was done, in order to give a fair and realistic picture and to rep-
resent the aforementioned coverage.
In most instances we used the overall FTE average given in the 
annual report; for some data (e.g., water consumption and emission 
from travel or staff training hours) FTE data is not suitable; there-
fore, we used headcounts or internal survey results. Where other 
bases for calculations are used, this is stated separately (e.g., n = x, 
where x is the reference group size). We define full-time equiva-
lents (FTE) on the basis of a working week of 40 hours. To establish 
the number of working hours we calculate an eight-hour day on 220 
days per year as working days.
Around 75% of the non-financial data is checked internally, and 
all financial data is checked externally, giving a reasonable yet still 
not fully satisfactory level of confidence for all information provided 
in this report.
Transportation figures and CO
2e emission data were supplied by 
travel agencies, shipping companies and external service providers,

===== SIDA 57 =====

CSR 2025 FENIX OUTDOOR INTERNATIONAL AG   57
as well as suppliers. They therefore constitute a reasonable overview 
of Scope 1, 2, and 3 emission data. We have adjusted the data using 
the RFI factor of 2.7 for certain datasets as stated. In this report we 
have fully relied on the accuracy of the sources’ data collection and 
checked only for the data’s plausibility. In the United States, Sweden, 
the Netherlands and Germany we relied increasingly on our own 
datasets, which are available through our IT system. The calculation 
of emission data was based on the Greenhouse Gas Protocol wher-
ever possible. The fleet information was provided by shipping com-
panies and internal sources. In some cases, assumptions were made 
based on the fuel consumption of certain locations. Data on busi-
ness travel and commutes were calculated on available information 
within the Group and provided by individual staff members and  
carriers.
Other bases of calculation are stated separately. Data for economic 
factors and personnel information cover all the Group’s consolidated 
companies. Where appropriate the figures for the Joint Venture are also 
reflected as much as data is available. If not listed in full-time equivalent 
(FTE) numbers, details concerning employee structure are based on 
numbers of employees. Both refer to the cutoff of data (December 31, 
2025) unless otherwise indicated. Capture efficiency is more than 90%. 
However, data on seasonal staff and interns is only available on an over-
view list, so no analysis of this staff group was possible.
7.4.1 Methodology on Environmental KPIs CSR Report 2025
 The following is a description and a more in-depth explanation of 
the methodologies we applied for the 2025 CSR Report of Fenix  
Outdoor International AG. We will focus on specific environmental- 
and emissions-related information but also explain other aspects as 
we deem necessary. It describes the methodology we used for 2025 
as a target year for our expiring sustainability strategy 2019-2025.
Scope and Boundaries
The Joint Venture in China is part of our global groupwide sustain-
ability and GHG data. The acquistion of Devold triggered a re-base-
lining. We did so for those Scopes and categories, where data was 
available (indicated in inventory). However, 2025 data fully includes 
Devold's operations. Viomoda and Tova are accounted for as invest-
ments in relation to the ownership share.
Data Collection and extrapolation
Data is collected via our newly implemented web-based sustainabil-
ity reporting tools Novisto and Minimum. For 2025, we used our 
previous methodology to show progress on attainments as well as 
the new methodology that comes with Minimum and with 2025 as  
a new baseline for the upcoming sustainability cadence 2026-2030.
Data gaps are filled by the following hierarchy:
•  D ata owners/providers fill data gaps with average data based 
on the specific data set they are responsible for (e.g., stores and 
average kWh/m2)
•  M issing data sets from locations/entities are filled by the person 
responsible for environmental accounting based on comparable 
locations/entities for which the first-year data is missing
•  M issing data for consecutive years is taken from prior years.
Emission factors used
•  M ain emission factor sources are:
 o   A IB and CaDI databases for electricity
 o   D EFRA for biogenic carbon, gas and district heating if 
local emission factors are not available
 o   D EFRA for Scope 3 emissions except transportation and 
raw materials
 o   E coTransit for transportation routes that are not covered 
by the shipping companies
 o   M SI database for raw materials if fabric specific informa -
tion is not available
 o   F rilufts Retail assortment-related emission factors as well 
as emission factors for end-of-life treatment are derived 
from an internal study conducted by MyClimate.
Scope 1 and 2 emissions
Primary energy for Globetrotter in 2025 is based on 2024 invoices. 
Missing data sets were filled with prior data for Friluftsland in Den-
mark, and Globetrotter in Germany. Prior numbers have also been 
used as estimates for gas consumption for our German sales offices.
District heating data from Globetrotter is always based on the year 
before except for one location. For Naturkompaniet, Partioaitta and 
brand stores, data is partially estimated based on m
2. Emission fac-
tors have not been updated over the years. Missing emission factors 
have been filled up with DEFRA emission factors for heat.
Renewable energy accounting methodology changed for renew-
able energy purchase. Before 2022, life-cycle emissions from renew-
able energy consumption were accounted for in Scope 2. From 2022 
onward, LC emissions are accounted for in Scope 3, category Fuel- 
and Energy-Related Activities Not Included in Scope 1 or Scope 2. 
For target tracking this was adjusted for all years back to 2019 but is 
not corrected in the past CSR Reports. 
Franchise stores (currently one store) are included in Scope 1 and 
2 emissions due to our internal accounting system. Partner stores in 
Asia, South America and Europe are run by local distributors and 
therefore out of our control and out of scope. 
Other GHGs (CH
4 and N2O) from electricity consumption are cal-
culated explicitly for the first time in 2023 for past years up to 2019 
based on DEFRA emission factors for the respective years. Emission 
factors used to calculate emissions from gas and district heating have 
been based on CO
2e. For electricity, we assume that provided emission 
factors are only based on CO2, so we added the CO2e from CH4 and 
N2O to get CO2e from electricity. Renewable electricity is accounted 
for as zero for all three GHGs (CO2, CH4 and N2O).
CO2 emissions Outside of Scopes from bioenergy are calculated 
for biogas usage and based on DEFRA emission factors. CO2e emis-
sions from biogas stem from CH4 and N2O, which are not absorbed 
during growth (unlike CO2).
Scope 3 emissions
Category 1: Purchased goods and services
Supply chain emissions resulting from energy consumption while 
manufacturing our products are collected through an annual supply 
chain survey at the beginning of the year from all known suppliers 
(all tiers) as well as from completed FEM/vFEM for the past year. 
For calculations, only data from Tier 1 and vertical suppliers is used. 
Actual data is extrapolated to the total of all Tier 1 suppliers. How-
ever, emissions vary depending on the subset of suppliers taking part 
in the survey. Number of suppliers is based on data received for the 
calendar year 2025 (cutoff December 31, 2025). 
Emissions from raw materials are calculated with the Higg MSI 
and with specific LCA data. In case a material is from recycled or 
more sustainable resources but not certified by a third-party stan-
dard, (GRS, OCS), conventional emission factors have been used. 
Material consumption from Hanwag excludes material usage for 
direct-on products. Trims data from Devold is are missing.  
Emission factors for silica gel and paraffin changed and were 
adopted for past years to ensure comparability.
Marketing materials have been collected by each entity. For

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58  CSR 2025 FENIX OUTDOOR INTERNATIONAL AG
Globetrotter, marketing materials that have been produced by the 
big stores (seven in total) have been calculated based on one store. 
For Friluftsland, where the methodology and emission factors are 
similar to our own, we have used reported emissions from material 
suppliers.
Latest packaging data from Almere is from 2021 and has been 
adjusted for 2025 to reflect the decrease in operations based on out-
going parcels. However, the figures must be taken with caution. Data 
does not include transport carton packaging from any of the brands 
but is reflected in the waste emissions.
Activity data for toner/ink as part of office supply is available, but 
due to missing emission factors we did not calculate them in our 
reporting scope (<1% of weight of all reported office supply).
To calculate our events’ emissions, we used the MyClimate Online 
Event Calculator. However, many of the requested parameters (e.g., 
heated or cooled space, amount of mineral water, etc.) do not apply 
for an outdoor event entirely. 2024 data was not available for the 
Globetrotter Testival events, so 2023 numbers were used. For 2025, 
actual data has been obtained again.
For the second year we included website sessions and purchased 
goods in the Frilufts Retail assortment (excluding Fenix Outdoor 
Brands) in the inventory as well as emissions from using IT ser-
vices. Due to lack of data, there is no baseline calculation, but all val-
ues are listed in addition to our GHG inventory for the available 
years.  Website emissions have been calculated based on our site vis-
its and emissions per site figure taken from the online tool website-
carbon.com. Assortment emissions have been calculated based on 
an average emission factor per product category derived from a proj-
ect with MyClimate. During the project, a methodology was devel-
oped to calculate Globetrotter’s Scope 3 emissions from the assort-
ment. Emissions from cloud services have been received from the 
service provider.
Category 2: Capital Goods
Capital goods have been calculated for the first time for 2024 for 
Globetrotter. For 2025 we also included Hanwag and Fenix Outdoor 
IT purchases for Europe.
Category 3: Fuel- and Energy-Related Activities Not Included in 
Scope 1 or Scope 2
This category covers LCA emissions from renewables and gas  
consumption. In the future LCA emissions from renewables will 
move to Category 1 but will be kept in this category for 2025 to 
ensure comparability.
Categories 4 and 9: Upstream and downstream transport and  
distribution
Inbound and outbound transportation CO
2e emissions have been 
calculated and determined as per the latest GLEC-framework (v3.1). 
Standard emission factors have been used for all modalities for 
inbound and outbound freight unless specified by the transport part-
ner and according to our chosen framework. 100% of our transpor-
tation partners delivered data.
The GLEC framework itself lists numerous shortcomings for the 
emission factors per modality type. Please refer to the actual frame-
work at: https://www.smartfreightcentre.org/en/our-programs/
global-logistics-emissions-council/calculate-report-glec-framework/
The GLEC framework currently does not provide CO2 or other 
emissions for parcel transport/deliveries. Therefore, emission fac-
tors as they have been provided by the parcel carriers themselves 
have been used, also when these were not calculated according to the 
GLEC methodology for parcel distribution. 
Emission factors other than CO2 for road palletized distribution 
have been derived based on the top three distances by total CO2 per 
mode of transport with the help of EcoTransit if these emissions 
were not provided by the transport partner.
In 2022 we calculated other emissions than CO
2e for the first time 
on our own in case they were not reported by service providers. This 
explains the deviation from prior reporting years.
Well-to-wheel emission factors have been used for all modalities. 
Shortest Feasible Distance (SFD) distances have been assumed for all 
movements in case distance wasn't provided by the transport part-
ner. In case there are a multitude of destinations within one delivery 
country but all for the same brand, the distance has been determined 
based on the average distance to destinations that, together, repre-
sent at least 80% of the total moved weight.
Only the emissions have been reported for transportation where 
Fenix Outdoor was responsible according to the INCOTERM 2020 
applicable for each transport (Inbound: EXW , FCA and FOB, Out-
bound: DAP , DPU and DDP). 
For containers and airfreight transport, year 2025 has been 
defined based on the arrival date (so it could have departed in, for 
example, November 2024). For outbound transport data, if known, 
the loading or “ship” date has been used to determine the year. If a 
shipment departed a Fenix entity in 2025, it has been considered as 
in scope for 2025 reporting, also when the goods arrived at the final 
destination in 2026.
In terms of the allocation of emissions to the different brands in 
the Fenix Outdoor group, in case it could not be derived from the 
data itself, transportation emissions have been allocated to each 
brand, relative to the number of shipments.
Primus transport data was considered for all shipments during 
the months of January to April 2023. In 2024, the divestment from  
Primus was complete and no transport was recorded. For the 
first time we included outbound transportation movements from 
our Swiss company Bus Sport as well as for care products from 
Hanwag.
In terms of completeness, transport between sites for Hanwag and 
warranty/resoling cases that were conducted in Vierkirchen and get 
sent out via parcel had not been captured, these emissions are now 
included. For 2023 we only reported from production site to DC 
and from DC to customer. These emissions make up approximately 
86 metric tons of CO
2e for just under 26,000 parcels (based on 2024 
data).
In 2024 we trialed the purchase and use of biofuels in our inbound 
transportation movements for the first time. All biofuels supplied are 
compliant with the sustainability criteria listed in article 29 of RED 
II and its amendments from RED III and certified under an EU RED 
approved voluntary scheme such as ISCC, RSB or REDCert. Biofuel 
suppliers are also certified under one of these schemes. 
For electric drayage, we replaced the default data (assuming die-
sel) from Flexport with primary data from the forwarder to deter-
mine the savings.
Downstream emissions have been allocated for e-com shipments 
to the respective business units based on share of shipments that 
were paid by the end-customer since primary shipping data could 
not be allocated accordingly
Category 5: Waste generation and water withdrawal
Waste generation from Partioaitta was based on reported waste for 
one store location and extrapolated based on units sold in 2025. Data 
was missing from Naturkompaniet and Globetrotter locations, so it 
was extrapolated from Frilufts and Partioaitta data using a waste per 
product sold average. Data for brand stores is based on waste audits

===== SIDA 59 =====

CSR 2025 FENIX OUTDOOR INTERNATIONAL AG   59
performed in-store in 2025 and supplemented where necessary with 
data from 2024. Data is missing from our Solna office and a handful 
of smaller brand stores. Waste fractions smaller than one metric ton 
are not shown in the waste tables but are considered for GHG calcu-
lations.
Water withdrawal and discharge data is partially available. Missing 
data has not been estimated until 2022. For 2024, we estimated the water 
consumption for Naturkompaniet and Partioaitta based on an average 
value per employee derived from data from Friluftsland. In 2025, Par-
tioaitta data was obtained from landlords but is still an estimate. A simi-
lar method was employed for our Alpen International locations in South 
Korea, using average water use per person per day to estimate the total 
annual figures based on employee count. For some smaller locations 
that reported water consumption in past reports but are missing data in 
the current reporting period, the past year’s data was used. Some 2024 
data has been revised due to corrections that were made after the report 
was published.
Category 6: Business travel
Since 2023 we streamlined the usage of our emissions factors. Air 
travel includes RFI as per the data set from DEFRA. 
Category 7: Employee commuting
We designed our own survey to collect commuting data from our 
employees. Since we are working in a hybrid model, emissions are 
calculated based on the survey and extrapolated to all employees. 
The total number of employees is not reduced by a certain share of 
employees working from home anymore, since most working days 
have been spent in the office and working-from-home emissions 
have been calculated separately. 
CH
4 and N2O greenhouse gases have been calculated based on 
DEFRA emission factors and are available upon request. Emission 
factor used for commuting represents CO
2e.
Category 12: End-of-life treatment of products sold
Until 2024 emissions from end-of-life treatment of our products 
have been calculated based on an average emission factor derived 
from a project with MyClimate. Although the emission factor is 
global and not specific to a certain disposal method but rather worst-
case scenario (incineration), we deem it appropriate to get a first 
understanding of the impact of our products after use. 
The number presented in the report is based on sold products 
from Fenix Outdoor Brands and Frilufts Retail (including external 
brands). Due to a calculation mistake, the prior years, including the 
baseline 2019, were miscalculated and are a bit overstated. However, 
improvements with regard to textile or shoe recycling technologies 
cannot be shown as of today. Different emission factors were applied 
for Primus and Brunton (metals and plastics).
Category 15: Investments
Our partial ownership in Viomoda and Tova is accounted for under 
investments for the share of ownership Fenix Outdoor has and con-
siders Scope 1 and 2 from those operations.
Unaccounted and excluded Scope 3 categories
The following Scope 3 emissions are assumed to be relevant. How-
ever, emissions cannot be calculated as of today, for various reasons 
(lack of resources, missing data, lack of industry-specific methodology 
and emission factors).
- 3.11 Use of sold products
The following Scope 3 categories have been excluded from our 
inventory because they are not relevant, not material or not applicable 
for our business operations:
- 3.8. Upstream leased assets
- 3.10 Processing of products sold
- 3.13 Downstream leased assets

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60  CSR 2025 FENIX OUTDOOR INTERNATIONAL AG
Indicators Topics Reference page or Comment Status*
GRI/ESRS  The Organization and Its Reporting Practices 
ESRS 2 Organizational details  5,56
GOV 2-2; ESRS 2 
BP-1 
Entities included in the organization’s sustainability reporting  5,19,56
ESRS 2 SBM-1 Reporting period, frequency and contact point  56, 60
ESRS 2 BP-2   Restatements of information  see text
ESRS 1 External assurance  None, spot -check 2025 2026
Activities and Workers 
2-6; ESRS 2 SBM-1  Activities, value chain and other business relationships  5, 25–31
2-7; ESRS S1-5  Employees  33–37
2-8; ESRS S1-6 Workers who are not employees  33, 36
Governance  
2-9; ESRS 2 GOV-1 Governance structure and composition  5, 19
2-10  Nomination and selection of the highest governance body  according to Swiss law – see AR**
2-11  Chair of the highest governance body  3, 5, 19
2-12: ESRS 2 GOV-1  Role of the highest governance body in overseeing the management of impacts  19
2-13 Delegation of responsibility for managing impacts  19, 21
2-14; ESRS 2 GOV-4 Role of the highest governance body in sustainabiLity reporting  19
2-15  Conflicts of interest  45
2-16 Communication of critical concerns  19
2-17; ESRS 2 GOV-1  Collective knowledge of the highest  19
 2-18  Evaluation of the performance of the highest governance body  AR, page 27 (26 partially)
2-19; ESRS 2  GOV-2  Remuneration policies  AR page 57
2-20; ESRS 2 GOV-2 Process to determine remuneration  AR page 57
2-21; ESRS S1-15 Annual total compensation ratio  54
Strategy, Policies and Practices 
2-22; ESRS 2 SBM-3 Statement on sustainable development strategy  6f
2-23; ESRS 2 GDR-P Policy commitments => Precautionary Principle or approach  3, 5–7; Fenix Way 2019, page 14
2-24; ESRS 2 GDR-P Embedding policy commitments  see Fenix Way, each chapter and 
page 6f
2-25; ESRS 1; ESRS 
S1-3, ESRS S2-3, 
ESRS S4-3
Processes to remediate negative impacts  see each page of this report
2-26; ESRS S1-2, 
ESRS S2-2, ESRS 
S3-3
Mechanisms for seeking advice and raising concerns   5, 19
2-27; ESRS 2 BP-1, 
ESRS 2 GDR-T
Compliance with laws and regulations  21
2-28; ESRS G1-5  Membership associations  6–7
Stakeholder Engagement 
2-29; ESRS 2 SBM-2, 
ESRS 2 IRO-1, ESRS 
GDR-P 
Approach to stakeholder engagement  5, 25
2-30; ESRS S1-7  Collective bargaining agreements 35f, 52
3-1; ESRS 2 IRO-1  Process to determine material topics  6, according to law, internal DMA
3-2; ESRS 2 IRO-2 List of material topics   see introduction to each chapter
3-3; ESRS 2  GOV-
1, ESRS 2 SBM-3, 
ESRS 2 IRO-1, ESRS 
2 GDR-M, ESRS 2 
GDR-T
Management of material topics1  presented in each chapter of the 
report
Economic Performance  
201-1; ESRS 2 SBM-
1, ESRS E1-6 
Direct economic value generated and distributed  AR pages 27, 32–43
201-2; ESRS 2 SBM-
3, ESRS E1-11
Financial implications and other risks and opportunities due to climate change  AR 24–27, CSR 10
201-3  Defined benefit plan obligations and other retirement plans  AR 33
201-4  Financial assistance received from government  AR 33
Market Presence 
202-1; ESRS S1-9 Ratios of standard entry level wage by gender compared to local minimum wage  refer to CSR RTeport 2023, varies 
from 1:1 up to 1:4
202-2  Proportion of senior management hired from the local community   100%
ESRS CONTENT INDEX 2025
*No data point was verified at the point of publication. We therefore do not present a color coding for this reporting year.
** AR = Annual Report 2025

===== SIDA 61 =====

CSR 2025 FENIX OUTDOOR INTERNATIONAL AG   61
   Indirect Economic Impacts  
203-1 Infrastructure investments and services supported  None
203-2  Significant indirect economic impacts  None, 6f
   Procurement Practices 
204-1  Proportion of spending on local suppliers  not determined in 2025
Anti-Corruption 
205-1; ESRS G1-4 Operation assessed for risks related for corruption  100%
205-2 Communication and training about anti-corruption policies and procedures  37, 45
205-3; ESRS G1-4  Confirmed incidents of corruption and actions taken  n/a
   Anti-competitive behavior 
206-1   Legal actions for anti-competitive behavior, antitrust and monopoly practices  n/a
Tax-related Impacts 
207-1  Approach to tax  AR 32, 34; CSR 46
207-2  Tax governance, control and risk management  AR 32, 34
207-3  Stakeholder engagement and management of concerns related to tax  n/a; whistleblowing hotline
207-4  Country-by-country reporting  46
305-1; ESRS E1-8  Direct (Scope 1) GHG emissions  39f
305-2; ESRS E1-8  Energy indirect (Scope 2) GHG emissions  39
305-3; ESRS E1-8  Other indirect (Scope 3) GHG emissions  39
305-4; ESRS E1-8 
NMIG
GHG emissions intensity  40
305-5; ESRS  E1-5, 
ESRS E1-6, ESRS 
E1-8
Reduction of GHG emissions  38
305-6  Emissions of ozone-depleting substances (ODS)  none
305-7; ESRS E2-4  Nitrogen oxides (NOx), sulfur oxides (SOx) and other significant air emissions  40
Waste 
306-1; ESRS 2 IRO-
2, ESRS E5-5
Waste generation and significant waste-related impacts  12f, 43
306-2; ESRS E5-2, 
ESRS E5-3 
Management of significant waste-related impacts  12f, 43
306-3; ESRS E5-5  Waste generated  43
306-4; ESRS E5-5  Waste diverted from disposal  43
306-5; ESRS E5-5  Waste directed to disposal  43
Environmental Compliance 
307-1  Non-compliance with environmental laws and compliance;  n/a
Supplier Environmental Assessment
308-1  New suppliers that were screened using environmental criteria 100%
308-2; ESRS E1-5 Negative environmental impacts in the supply chain and actions taken 12
Employment
401-1; ESRS S1-5 New employee hires and employee turnover 33
401-2; ESRS S1-10 Benefits provided to full-time employees that are not provided to temporary or part time  
employees
34
401-3; ESRS S1-14 Parental leave 33
Labor/Management Relations
402-1  Minimum notice periods regarding operational changes Minimum 1 month; local and  
individual longer periods possible
Occupational Health and Safety
403-1 Worker representation in formal joint management-worker health and safety committees 33–37
403-2; ESRS S1-14 Types of injury and rates of injury, occupational diseases, lost days, absenteeism and num-
ber of work-related fatalities
34
403-3; ESRS 2 IRO-2 Workers with high incidence or high risk of diseases related to their occupation None (33–37)
403-4  Health and safety topics covered in formal agreements with trade unions 34
Training and education
404-1; ESRS S1-12 Average hours of training per year per employee 52
404-2; ESRS 2 GDR-
A, ESRS S1-3
Programs of upgrading employee skills and transition assistance programs 34–36
404-3; ESRS S1-12 Percentage of employees receiving regular performance and career development reviews 36
Diversity and Equal Opportunity
405-1; ESRS S1-8 Diversity of governance bodies and employees 33
405-2; ESRS S1-15 Ratio of basic salary and remuneration of women to men 53
Non-discrimination 
406-1; ESRS S1-16 Incidents of discrimination and corrective actions taken  45

===== SIDA 62 =====

62  CSR 2025 FENIX OUTDOOR INTERNATIONAL AG
© 2026, Fenix Outdoor International AG. Tryck: Åtta45
Freedom of Association and Collective Bargaining 
407-1   Operations and suppliers in which the right to freedom of association and collective  
bargaining may be at risk
25–28
Child Labor
408-1; ESRS 2 IRO-
2, ESRS S1-1, ESRS 
S2-1
Operations and suppliers at significant risk for incidents of child labor  25–28
409-1; ESRS 2 IRO-
2, ESRS S1-1, ESRS 
S2-1
Operations and suppliers at significant risk for incidents of forced or compulsory labor 25–28
Security Practices
410-1  Security personnel trained in human rights policies or procedures n/a
Rights of Indigenous Peoples
411-1 ; ESRS S3-1, 
ESRS S3-3 
Incidents of violations involving rights of indigenous peoples None
Human Rights Assessment
412-1  Operations that have been subject to human rights reviews or impact assessment 100%
412-2  Employee training on human rights policies and procedures see e-Learning participants: 411
412-3  Significant investment agreements and contracts that include human rights clauses 
or that underwent human rights screening
n/a
Local Communities
413-1  Operations with local community engagement, impact assessments and development  
programs
28–31
413-2; ESRS 2 IRO-2 Operations with significant actual and potential negative impacts on local communities None (25–28, 29)
Supplier Social Assessment
414-1  New suppliers that were screened using social criteria 100%
414-2; ESRS 2 IRO-
2, ESRS S3-3
Negative social impacts in the supply chain and actions taken 28–31
Public Policy
415-1; ESRS G1-5  Political contributions None
Customer Health and Safety
416-1  Assessment of the health and safety impacts of product and service categories  n/a (100%)
416-2; ESRS S4-4  Incidents of non-compliance concerning the health and safety impacts of products and  
services
None
Marketing and Labeling
417-1  Requirements for products and services information and labeling  As legally requir
417-2; ESRS S4-3 Incidents of non-compliance concerning product and service information and labeling None
417-3; ESRS S4-3 Incidents of non-compliance concerning marketing communications None
Customer Privacy
418-1 ; ESRS S4-3, 
ESRS S4-3
Substantiated complaints concerning breaches of customer privacy and losses of  
customer data
None
   Socioeconomic Compliance
419-1  Non-compliance with laws and regulations in the social and economic area None
General Disclosure Requirements
ESRS 2 GOV-3 Disclosure of mapping of information provided in sustainability statement about due dili-
gence process 
see each chapter of the report
ESRS 2 IRO-2   Disclosure requirements in ESRS covered by the undertaking’s sustainability statement  5, 56
Climate Change 
ESRS E1-1  Transition plan for climate change mitigation  refer to www.fenixoutdoor.com
ESRS 2 IRO-1, ESRS 
E1-2
Description of the processes to identify and assess material climate-related im-
pacts, risks and opportunities 
10
Pollution 
ESRS E2-3  Targets related to pollution  13
ESRS E2-5  Substances of concern and substances of very high concern  13, 14
ESRS 2 SBM-3 Anticipated financial effects from material pollution-related risks and opportunities  13
Water and marine resources
ESRS 2 IRO-1  Description of the processes to identify and assess material water and marine resources-
related impacts, risks and opportunities
14
ESRS E3-1  Policies related to water and marine resources 14
ESRS E3-2  Actions and resources related to water and marine resources 14
ESRS E3-3  Targets related to water and marine resources 14
ESRS E3-4  Water consumption 13–15
ESRS 2 SBM-3 Anticipated financial effects from material water and marine resources-related risks and 
opportunities
n/a

===== SIDA 63 =====

CSR 2025 FENIX OUTDOOR INTERNATIONAL AG   63
CONTACT INFORMATION:
Aiko Bode
Chief Sustainability Officer
Fenix Outdoor International AG
Weidstrasse 1a
6300 Zug
Switzerland
Mailing address:  
Fuhlsbüttler Straße 29, 22335 Hamburg,  
Germany
aiko.bode@fenixoutdoor.com
PHOTOS 
Cover: Fjällräven Photo
Page 2-3: Fredrik Lewander
Page 4: Tierra
Page 8: Christop Nolte, Unsplash
Page 18: Niklas Jonasson, Unsplash
Page 24: Lars Schneider
Page 31: Lars Schneider
Page 32: BARTSCH
Page 35: Lisa Löwenborg
Page 37: Fjällräven Photo
Page 55: Fjällräven Photo
© 2026, Fenix Outdoor International AG. Tryck: Åtta45
Biodiversity and Ecosystems
ESRS 2 IRO-2, ESRS 
SBM-3
Material impacts, risks and opportunities and their interaction with strategy and busi-
ness model
15
ESRS 2 IRO-1 Description of processes to identify and assess material biodiversity and ecosystem-relat-
ed impacts, risks, dependencies and opportunities
15
ESRS E4-1  Transition plan and consideration of biodiversity and ecosystems in strategy and busi-
ness model 
15
ESRS E4-2  Policies related to biodiversity and ecosystems  15
ESRS E4-3  Actions and resources related to biodiversity and ecosystems  15
ESRS E4-4  Targets related to biodiversity and ecosystems  15
ESRS E4-5  Impact metrics related to biodiversity and ecosystems change  15
ESRS 2 SBM-3 Anticipated financial effects from biodiversity and ecosystem-related risks and opportunities  n/a
Resource Use and Circular Economy 
ESRS E5-1  Policies related to resource use and circular economy  15f
ESRS E5-3  Targets related to resource use and circular economy  16
ESRS 5-4  Resource inflows  42, 43
ESRS 2 SBM-3 Anticipated financial effects from material resource use and circular economy-relat-
ed risks and opportunities 
n/a
Business Conduct 
ESRS G1-6  Payment practices  according to law or contract; 30–90 
days
ACKNOWLEDGMENT
Without the tireless support of many colleagues 
around the globe who added the task of 
sustainability data collection to their normal 
routine work, this report would not have been 
possible. The Sustainability Team is most 
grateful to all those colleagues and valued 
business partners who eagerly collected 
information and provided us with valuable 
feedback and support. A special thanks goes to 
Saskia Bloch, Sina Hauser, Christofer Jerndorf, 
Dawn Mancini Moyer, Fabian Nendza, Georgina 
del Vecho and Maria Venus for compiling this 
report and to all our colleagues around the globe 
who contributed.

===== SIDA 64 =====

OUTDOOR International AG
Fenix Outdoor International AG, Weidstrasse 1a, 6300 Zug, Switzerland 
Phone: +46-(0)-660-26 62 00, www.fenixoutdoor.se, E-mail info@fenixoutdoor.se
www.fjallraven.se ● www.tierra.se ● www.devold.com ● www.hanwag.de ● royalrobbins.com ● www.naturkompaniet.se ● www.partioaitta.fi ● www.globetrotter.de ● www.friluftsland.dk