Companies that succeed over the long term are both profitable and sustainable. Profitability enables investment in innovation, talent and development, whilst a clear strategy directs those investments towards areas that keep products and services competitive over time.
Our sustainability work
Ratos's sustainability work is grounded in international sustainability frameworks and guidelines, and contributes to the UN Sustainable Development Goals. The work is guided by:
The UN Global Compact
The UN Guiding Principles on Business and Human Rights
The UN Convention on the Rights of the Child
The UN Convention against Corruption
The ILO Core Conventions
The OECD Guidelines for Multinational Enterprises.
Double materiality assessment
In 2025, Ratos updated its materiality assessment to ensure full alignment with the ESRS and to reflect Ratos's current business context and priorities.
The assessment covers both Ratos and each individual portfolio company. Associate companies are considered as part of the value chain. Material sustainability matters are identified on the basis of both impact on the environment and people, including human rights, and financial risks and opportunities related to sustainability. The assessment covers both actual and potential, negative and positive impacts, and is conducted in several steps: mapping the sustainability context and value chain, identifying impacts, risks and opportunities, assessing their significance, and prioritising and validating the findings.
Ratos's sustainability focus
Through our double materiality assessment, we have identified three overarching sustainability areas in which Ratos, as an active ownership investment company, has the greatest impact, risks and opportunities across the portfolio and value chain. The focus areas follow the ESG framework and guide our active ownership.
Value chain
Ratos's diversified operations mean that the companies within the group have different types of value chains and depend on different key resources. Depending on the industry and the individual company's focus, the most material issues may arise upstream, within the company's own operations, or downstream. During 2025, Ratos continued its work to update processes and guidelines for managing impacts, risks and opportunities arising across the group's various value chains.
More about our sustainability work
Ratos for the climate
We drive the transition in our portfolio companies with a focus on climate and resource efficiency.
Ratos for employees
We promote responsible working conditions for employees in our portfolio companies, respect for human rights and safe products throughout the value chain.
Responsible ownership
Sound corporate governance, business ethics and transparency are the foundation of responsible ownership and long-term value creation.
Examples of value creation through innovation and sustainability
Nicole Bezuidenhout
TFS HealthScience
TFS offers reliable and high-quality clinical services with a clear and transparent ESG focus. Through improved emissions data, ethical sourcing and integrated sustainability practices, we help our clients achieve their sustainability goals. At the same time, we continuously seek new ways to create added value through sustainability, in close collaboration with our clients.
We are digitalising our clinical documentation and clinical trial processes to reduce travel, improve data quality, lower emissions and enable more inclusive, decentralised models. This increases both efficiency and scalability, whilst also strengthening our monitoring of environmental impact, such as energy use in data centres, and social aspects such as patient experience and user engagement. We also track our digital emissions, integrate them into our materiality assessment and evaluate the sustainability performance of our IT suppliers.
Valentine Bourgal
HL Display
HL Display helps customers reduce packaging and food waste through packaging-free retail solutions and alternatives with a lower environmental impact, for example through an increased proportion of recycled materials. This contributes to reducing the carbon footprint of retail stores. Where possible, we also offer a take-back programme in which end-of-life products are collected and the materials recycled for new applications — turning waste into a resource.
To reduce waste and energy consumption, we use digital tools and efficient ways of working. Through production planning, we minimise waste and have improved tooling and maintenance for greater efficiency. At the same time, we are investing in energy efficiency and renewable energy, including solar power. Innovation is embedded in our product development, where we apply ecodesign principles and select materials with a lower environmental impact — increasing sustainability, repairability and recyclability.
Eva-Lotta Petersson
Diab
Diab's lightweight and strong core materials reduce product weight, which lowers fuel consumption and environmental impact without compromising performance. In wind power, the materials enable longer rotor blades and thus increased energy output. At the same time, we reduce our carbon footprint through continuous emissions-reduction initiatives, creating added value for our customers.
Digitalisation and innovation help Diab address key sustainability challenges through transparent, data-driven carbon reporting that identifies emission sources, prioritises actions and tracks progress. This enables more resource-efficient production and improved traceability of bio-circular materials, whilst also ensuring regulatory compliance. Our digital learning platforms strengthen competence through consistent training and targeted initiatives. Together, these efforts drive sustainability throughout the value chain.
Whistleblowing function
You have an important role to play in reporting your concerns if you suspect behaviour that is inconsistent with our ethical guidelines. This gives us the opportunity to prevent or correct any irregularities. If you feel that you cannot be open about your information, you can report anonymously using our whistleblowing service.
Go to the whistleblowing serviceSustainability contact
For questions or further information about our sustainability work, please do not hesitate to get in touch.
Katarina
Grönwall
Katarina Grönwall
Vice President ofCommunications & Sustainability
Agnes
Wandebäck
Agnes Wandebäck
Sustainability &Financial Controller