B-corp-certified supplier of outdoor wear, Spectre, partnered with Nordic Sustainability to scale up its sustainability ambitions. The project covered a Double Materiality Assessment, strategy development, Science-Based Targets, and an action plan, culminating in SBTi validation.
The brief
Sustainability has always been a cornerstone of Spectre’s commercial strategy and core values. Over the past two years, Spectre has leveraged the new ESRS reporting requirements to refine and enhance both its sustainability and corporate strategies. To support this effort, Spectre engaged Nordic Sustainability to provide expertise across various domains.
We facilitated a series of workshops and assessments to aid Spectre in disclosing its sustainability impact and ensuring compliance with forthcoming European legislation. To further bolster Spectre’s preparedness, a Detailed Materiality Assessment (DMA) was conducted. This assessment scrutinised the company’s entire value chain, encompassing upstream, internal, and downstream activities, from both impact materiality and financial materiality perspectives. The insights gained were instrumental in pinpointing the key material topics Spectre must report on.
Building on the DMA findings, the team developed a sustainability strategy aligned with Science-Based Targets for climate, including a Net-Zero target. This strategy positions Spectre for long-term success by enhancing its understanding of sustainability impacts and compliance requirements, and clearly identifying material topics for reporting.
Our approach
We have collaborated with Spectre across their sustainability journey, and in 4 main phases:
- Double Materiality Assessment (DMA)
- Sustainability strategy development
- Modelling and submission of Science-Based Targets (SBT)
- Action plan
Double Materiality Assessment
In the first phase, we conducted a Double Materiality Assessment to help Spectre identify and prioritise strategic sustainability topics in compliance with the Corporate Sustainability Reporting Directive. Material sustainability matters (impacts, financial risks, and opportunities) have been assessed, preparing Spectre for alignment with EU legislation. This phase laid a strong foundation for Spectre’s sustainability strategy.
Sustainability strategy development
Building on the DMA findings, we explored the connections between Spectre’s business model, commercial growth, and sustainability impacts, risks, and opportunities. Through discussions on existing challenges, we identified solutions and new opportunities that shaped the company’s sustainability strategy.
This strategy, structured around three key pillars—Environment, Society, and Governance—focuses on material sustainability topics. To ensure effective execution and accountability, we developed a detailed governance framework and integrated it into the strategy.
SBTi setting and submission
As part of its environmental commitments, Spectre decided to adopt Science-Based Targets (SBT), recognising it as the most recognised climate target standard. Accordingly, we supported Spectre in reviewing its existing greenhouse gas (GHG) inventory. We then modelled various decarbonisation scenarios and, after careful analysis, secured executive approval for reduction targets covering scope 1, 2, and 3 emissions. Furthermore, we helped establish a long-term net-zero target, ensuring a comprehensive climate strategy aligned with global standards.
Spectre designed a sustainability action plan involving 50+ employees across all departments and geographies.
Action plan
In the final phase of our collaboration, we designed a near-term implementation plan for Spectre’s targets set in the strategy. With the support of Nordic Sustainability, Spectre designed the plan by involving 50+ employees across all departments and geographies. This entailed having workshops and identifying relevant time-bound activities, estimating the impact of such initiatives, and prioritising the most important ones.
Result
Spectre committed to reducing GHG emissions by 42% for scope 1 and 2, 25% for scope 3 by 2030 and achieve net-zero by 2047.
Our collaboration with Spectre A/S resulted in a comprehensive set of deliverables that strengthened the company’s sustainability strategy and climate commitments. Through a structured approach, we provided Spectre with the necessary tools to align its business growth with science-based climate goals. As part of this engagement, Spectre:
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Established clarity over strategic priorities, ensuring alignment with the business model and commercial strategy.
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Conducted a thorough review of the GHG inventory and SBTi submission.
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Defined a clear vision for a sustainable company, including tangible 2030 targets and KPIs.
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Developed a detailed roadmap of short-term implementation projects to bring the strategy to life.
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Secured official validation of Spectre’s Science Based Targets initiative, supporting the team in aligning growth plans with science-based climate goals and balancing decarbonisation with business success.