A sustainable, customer-driven future at HIN A/S
At HIN A/S, we are deeply committed to sustainable development and the green transition. We offer a comprehensive range of products and services tailored to meet the evolving needs of our customers, while making sustainability a core part of our business strategy.
Our key growth focus is on innovative machines and products that streamline and optimise our customers’ business processes. We take pride in offering expert advice and collaborating closely with our customers to find the best solutions, working with top-tier suppliers in the market.
Sustainability is a critical competitive factor, and we are determined to lead the way. At HIN A/S, we are continuously enhancing our green initiatives, both internally and in partnership with our customers, to contribute meaningfully to the global green transition. This includes reducing energy consumption, minimising waste, and reusing packaging to help lower CO2 emissions.
We cannot do this without dedicated suppliers, and recently, we invited suppliers who share our goal of reducing carbon footprints to participate in the largest electronics exhibition in the Nordic region free of charge ensuring that our customers have access to the most sustainable innovations.
Internally, we are committed to furthering energy-saving initiatives, encouraging employees to adopt electric vehicles (EVs) with access to low-cost charging at our facilities.
Our team of dedicated employees and expert consultants is at the heart of our success. By investing in education, training, and employee well-being, we cultivate loyalty and retention. We proudly support internships and social responsibility initiatives, welcoming socially disadvantaged individuals into our workforce. This reflects our belief that investing in people drives both our business and our social impact.
At HIN A/S, growth is driven by professionalism, knowledge, and a passion for creating increaseingly sustainable, long-term solutions. With the release of our ESG report, we reaffirm our commitment to more responsible business practices, ensuring that our focus on sustainability, from reducing power consumption to promoting green-tech innovations, remains at the forefront of everything we do.
Together with our customers and partners, we are looking toward a greener future.
Lars Fensbo, CEO and Owner HIN A/S
Selected ESG key figures 2023/24
HIN A/S' climate accounts provide an overview of the most important sources of greenhouse gas emissions from the company, which primarily come from transport to our many customers throughout the country.
To create a further overview in connection with our work to optimise our energy consumption and lower the climate footprint, we have chosen to include several ESG key figures from, among other things, air travel and purchased IT equipment. ESG stands for Environment, Social, and Governance and is the standard for how companies should report on the status of their sustainability work. Detailed ESG ratios are provided on page 14.
Number of employees
24
77,9
Scope 1, 2, and 3
Number of interns
2
3,2
Scope 1, 2, and 3
Number of accidents at work
0
Number of charging stations at the company address
5
We can always offer the latest knowledge within machines, tools, processes, and legislation
HIN A/S in Horsens is a well-consolidated, innovative wholesale company with more than 127 years of experience
We specialise in selling tools, consumables, and machines. Our sales are focused on the three main product areas: tools for electronics production, machines for electronics production, and tools and accessories for industry – particularly in the field of strong current.
We are a modern company with a focus on partnership with customers and suppliers
The goal is to develop long-lasting relationships, created on a platform of industry knowledge, world-leading suppliers, and technical competence.
Our large international network, modern logistics system, and a product range of more than 25,000 numbers make us an attractive partner. We can thus always offer the latest knowledge within machines, tools, processes, and legislation. This also applies to more sustainable and energy-saving machines and products in general.
Our solid inventory and well-functioning webshop make it easy and quick to shop for next day delivery.
We have selected the market's best suppliers to support your business Together, we focus on new technologies and are happy to be available when there is a need for advice or process development. Our skilled advisors also focus on energy-optimising products and can guide customers on how they can contribute to the green transition while saving money.
I. Nielsen, wholesaler (tool).
Founded on 31 January 1897 by Holger I. Nielsen (b. 1867, d. 1935).
Holger
Our areas of customer service
ELECTRONICS TECHNOLOGY
Everything in electronics and strong current
Services
We have specialists in service and process optimisation on all our products. We offer service agreements on several levels, which may include advice from our suppliers as well as on-site problem solving in case of production stoppages. We can offer TPM online solutions that help increase production efficiency, eliminate errors and waste of resources, and ultimately can help create more sustainable working methods.
Dedicated
and passionate professional team
Our team of experts has years of experience in designing, building, optimising, and operating SMT production lines. We are certified and continuously participate in continuing education in order to offer the best possible service and advice to our customers.
Process optimisation
In the service department, we are specialists in service and process optimisation on all our products. We, ourselves, have experience in building and operating SMT production lines. We can therefore offer advice in process optimisation and add value to customers' production teams, for example by implementing products and equipment that can reduce energy consumption by up to 70 %.
Expert advice on ESD
The environment and the ESD environment are crucial for the quality of electronics production. We know more about this than most. We collaborate with some of the leading international experts. Over the past ten years, we have performed more than 100,000 m2 of ESD flooring at our customers. With ESD floors, the risk of unpleasant shocks from static electricity is reduced. In addition to creating a better working environment, this is also one of the basic necessities for proper ESD protection of many productions.
Sustainability internally in HIN A/S – highlights
In line with the increasing environmental requirements, and with the desire to contribute to the green transition ourselves, we, at HIN A/S, have implemented a number of initiatives. It is important to take responsibility and contribute where we can. This ESG report helps us shed light on relevant areas.
Implemented energy-saving measures in HIN A/S:
• We have set up five charging stations for electric cars that can be used by our customers and our company cars. Company cars are gradually changed to EV or EHV cars for improved carbon footprint. Transport to customers is our largest emission item in the climate accounts.
Social initiatives in HIN A/S:
• Taking social and educational responsibility matters at HIN A/S.
• There must be room for everyone in the labour market, and at HIN A/S, we have an inclusive initiative. Over the past two years, we have had two good and valuable colleagues who are employed on special terms. We also have employees who, at their own request, are part-time employees.
• We have a well-established working environment organisation (AMO) in accordance with legislation.
• As part of our ongoing commitment to social responsibility, HIN A/S has introduced a new initiative in our HR policy. All employees aged 60 and above will be offered a personal Senior Talk with the owner. This conversation provides an opportunity for employees to actively participate in planning their retirement, ensuring a smooth and respectful transition from the workforce, tailored to their individual needs and preferences.
• We also prioritise investing in the local community and annually sponsor association work where there is a focus on community and socialising in nature-rich surroundings, especially for children and young people.
• Supporting as a sponsor is also an opportunity to take social responsibility and help others who need it. At HIN A/S, we support several aid organisations, including children with cancer, sports organisations, the Muscular Dystrophy Foundation, the Red Cross, and emergency aid to Ukraine.
Sustainability internally in HIN A/S – highlights
Future energy-saving and social measures:
• With the mentioned connection to district heating throughout the warehouse in 2023, we will reduce our climate footprint in the coming period. By switching from oil to district heating, we are converting to an energy source that is both cheaper and far more environmentally friendly.
• In the long term, we are considering switching more of our company cars to electric cars. Furthermore, we encourage our employees to switch the private car from combustion to EV.
• Taking social and local responsibility matters at HIN A/S. Therefore, we will continue to focus on employing, for example, interns and employees who have special employment needs.
• Helping with sponsorships and the like will also continue to be a priority for us.
More energy-optimising products in our range:
The opportunities to contribute to the green transition and, for example, buy more energy-optimising or greener products are continuously increasing. At HIN A/S, we focus on including more of these products in the range.
Technology is constantly evolving, and our range also includes flexible collaborative solutions that can streamline and relieve our industrial customers and thus help create a better, safer, and less stressful working environment.
Our consultants are updated with the latest knowledge so they always can help find the most optimal solution – and at the same time often help our customers contribute to the green transition.
Celebrating our employees at HIN A/S
At HIN A/S, we believe in celebrating our most valuable asset— our employees. In addition to investing in their development and providing a flexible work environment, we take pride in recognising their dedication and contributions.
After 10 years of service, employees receive a special gift from the company. But we are especially proud to celebrate those who have been with us for more than 25 years—some even surpassing 40 years. These long-serving colleagues bring an invaluable wealth of knowledge to both customers and fellow employees, creating a rich knowledge base that benefits everyone.
We also celebrate and gladly hire individuals approaching retirement, as we recognise the immense value of their knowledge and experience, which continues to benefit both the company and their colleagues. Their expertise provides an opportunity for all of us to learn and grow.
At HIN A/S, fostering a sense of community and ensuring job satisfaction are essential elements of our culture.
Supplier Code of Conduct at HIN A/S
We run a responsible business
With our wide range, we also have many suppliers around Europe and a few outside Europe. We have a duty and desire to conduct business in an increasingly responsible manner with a focus on the entire value chain. Therefore, we have also established a Supplier Code of Conduct, where we want to collaborate with suppliers to promote social responsibility, among other things. HIN A/S' Supplier CoC serves as a basis for dialogue and helps to point out our expectations for our suppliers' responsibility.
We encourage responsible and ethical business approach
We send out our CoC to suppliers, and it contains a number of minimum requirements and guidelines that they are expected to comply with. We generally encourage promoting responsible production and an ethical business approach. This relates both to environmental factors within the production itself and working conditions to treat employees properly and with respect in accordance with international laws.
We also complete the Code of Conduct for our customers
Safety and security in cooperation
Our CoC is an agreement between us and our suppliers. Failure to comply with the agreement may result in termination of the cooperation. All in all, our supplier Code of Conduct will help maintain HIN A/S' ambition for high ethics, decency, and correctness in our organisation and collaborations. It also helps to ensure safety and security for our many customers, as we can vouch for the products we deliver throughout the country.
Just as we make demands of our suppliers, we also experience that our customers make demands of us and want to make sure that we are a responsible and environmentally conscious company. Most recently, we have completed the Code of Conduct in the form of a longer questionnaire from Siemens Gamesa Renewable Energy. Here, we achieved a position at the top of their rating system – this measured in areas such as the environment, human rights, anti-corruption, and our value chain as a whole.
Advice in a class of its own
HIN A/S is a specialised wholesale company with Danish consultants. We carry well-known brands within tools, machines, service, and consumables for the electronics industry and the industry within strong current.
ESG and climate accounts
Our ESG key figures and ratios
The increase in CO2 emissions per employee from 2021/22 is due to increased activity levels, including customer visits and business travel, following the COVID-19 pandemic.
Governance – management
In relation to governance – management, we have the following points to consider:
• At HIN A/S, we make sure that our employees are updated annually on GDPR and data security – through training, courses, tests, etc. with the purpose of creating awareness about GDPR.
• Two out of three board members are independent directors.
• We publish our third ESG report this year and will act on data and key figures.
• In accordance with legislation, workplace assessments (WPAs) are conducted, and HIN A/S has an employee handbook that explains safety, rights, and work policy, among other things.
CO2e statement
The increase in CO2 emissions per employee from 2020/21 to 2021/22 is due to increased activity levels, including customer visits and business travel after the COVID-19 period.
Accounting policies
Method for climate accounts
Greenhouse Gas Protocol
In order to be able to calculate our CO2e emissions in the environmental part of the ESG report, we use the internationally recognised and most widespread standard for preparing climate accounts: the GHG Protocol(GHGP). The method is recommended by the EU Commission. The aim is for such reporting to appear as uniform as possible across all industries.
Scope 1 – direct emissions
Obligatory
Scope 1 contains all direct sources of CO2e emissions.
This can, for example, be means of transport that are owned or rented.
This concerns all emissions that originate from activities that we own or have control of.
Scope 2 – indirect emissions
Obligatory
Scope 2 includes all emissions from suppliers who supply us with energy, including greenhouse gases, which originate from the production of the electricity, district heating, and district cooling that we consume.
Scope 3 – all other indirect emissions in the value chain
Voluntary
Indirect CO2e emissions that are not mentioned under scope 2 belong to scope 3.
This can include subcontractors or be in connection with employees’ transport to and from work.
Database and the organisational boundary
CO2e emission factors
The CO2e emissions are calculated based on the GHGP, and the calculations are aligned with the Danish Business Authority’s guidelines for calculating CO2e.
CO
equivalents
To compare the greenhouse gases, all emissions are converted into so-called CO2 equivalents (CO2 e).
It is a unit that describes the amount of CO2 to which the emissions of various greenhouse gases correspond. The emission factors used are stated in the report.
Accounting practice
When calculating CO2e, we used the emission factors provided by utility companies and emission factors from recognised databases, in line with the Danish Business Authority’s guidance.
We used the most recent, published emission factors at the time of preparing the climate statement. If an emission factor was unknown at the time of preparing the climate statement, the previous year’s emission factor was used, and we will make an adjustment to the climate statement when the new emission factor is published, per guidance in the GHGP.
All emissions and figures are shown gross, and no adjustments have been made for CO2 e compensation.
All ESG key figures have been compiled and calculated according to the Danish Business Authority’s guidance on ESG taxonomy and FSR’s guidance for ESG reporting from January 2022. Some ESG key figures from the idea catalogue are not included in this ESG report due to lack of relevance or lack of data. The financial year 2020/21 (01.07.2020 to 30.06.2021) is the base year.
Comsumption data
Consumption data is based on statements from suppliers and measuring units. Other data is based on extracts from our systems for time registration, salary, HR, and reimbursement of travel expenses, for example.
The organisational boundary
The climate accounts are a charting of the company HIN A/S.
The scope 1 and 3 statements apply to: HIN A/S – CVR no. 87 69 16 16.
The scope 2 statement of energy consumption applies to the address: HIN A/S, Langmarksvej 29, 8700 Horsens.
Operational control
The organisational boundary of this report is determined by the operational control method.
Scope delimitation
The GHG Protocol stipulates that CO2e emissions are calculated in scope 1, scope 2, and scope 3. In these climate accounts, CO2e emissions are calculated as the calculated emissions from scopes 1 and 2 and selected scope 3 emissions.
We have tried to include as many scope 3 emissions as practically possible. It is the ambition that we will include more relevant scope 3 emissions in the long term, including freight, purchase of goods and services, and processing/removal of sold products after end of life etc.
Data definitions
Scope 1
We lease company cars that are used for transportation. Transportation is primarily for our customer projects and external business partners. The calculations are based on the number of liters of gasoline consumed, and emission factors are from the Danish Energy Agency.
Oil consumption from previous years is calculated based on data provided by our supplier. Consumption is stated in both DKK and liters.
Scope 2
Electricity and district heating are based on statements from suppliers and units of measurement. Location-based CO2e emissions reflect the average emission intensity on the grid where consumption is realised
Market-based CO2e emissions reflect emissions from electricity purchased through green certificates.
Scope 3 (selected emissions)
Wastewater is calculated based on our supplier's data and unit of measurement. This is the annual consumption per calendar year.
Business travel by airplane is primarily to our international suppliers and is calculated based on the number of kilometers. Other data is based on extracts from our financial and time registration system.
Mobile phones, monitors, PCs, and laptops are calculated based on quantity, while other IT equipment and office electronics are calculated based on reported total purchases in DKK. Data is extracted from the supplier or our own financial system. The emission factor is estimated by EXIOBASE.
Emission factors
Sources: The calculation of CO2e is based on the emission factors provided by the utility companies and emission factors from recognised databases according to the Danish Business Authority's guidelines. The latest published emission factors have been used. Danish Energy Agency, ENS, Emission factors for road transport (memo 2020), EXIOBASE v3.3.16b2 (v. 2020 with 2011 data), Final environmental declaration of 1 kWh electricity (Energinet, 2021). See also the section on data definitions.
Data for calculating the climate accounts
ESG key figures and ratios
Environment – environmental data
Energy consumption:
Energy consumption: total fossil energy consumption in MWh + total nuclear
energy consumption in MWh + total renewable energy consumption in MWh
Renewable energy share: (renewable energy / energy consumption) * 100
Water consumption: the sum of all water consumed – gross
Social – social data
Staff (FTEs): total ATP contribution / rate for a full-time employee
Interns: number of interns based on an annual average
Part-time employment: number of part-time employees on 30 June 2024
Employment on social conditions: number of employees on special terms on 30 June 2024
Gender diversity (% women): ((female FTEs + female temporary workers) / (full-time workforce)) * 100
Gender diversity for top management: ((number of women in top management) / (total number of employees at top management level)) * 100
Sick leave: (number of sick days for FTEs) / (total FTEs)
Work-related injury: number of registered injuries
”Denmark is a pioneer in the green transition with many innovative companies in the wind industry, offshore and onshore. It is an industry with high documentation requirements due to the high safety requirements.
At HIN, we have carefully selected suppliers who can deliver products and standards that meet these requirements.”
Independent auditor’s report
Statement by management
The board of directors and the executive board have on this day’s date processed and approved the ESG report, incl. selected ESG key figures and ratios, for 2023/24.
The ESG key figures and ratios are selected from the ESG key figures and ratios publication published by FSR –Danish auditors, Finansforeningen/CFA Society Denmark, and Nasdaq Copenhagen.
It is our opinion that the selected ESG key figures and ratios are the most important for HIN A/S’ environmental, social, and managerial activities. Horsens, 9 January 2025
Executive Board
Lars Fensbo, CEO
Board of Directors
Peter Joakim Raben, Chairperson
Kristian Muldbak Andersen
Lars Fensbo
Auditor’s report on preparation of ESG report, incl. selected ESG key figures and ratios
To the management of HIN A/S
We have drawn up the ESG report, incl. selected ESG key figures and ratios, for HIN A/S for the year 2023/24 based on the company’s quantitative registrations and selected conversion factors and other information provided by the company’s management.
The ESG report includes an account, a report with the ESG key figures and ratios, and applied accounting practices with, among other things, emission factors.
We carried out the task in accordance with ISRS 4410, The Preparing of Financial Information.
We used our professional expertise to assist the management in preparing and presenting the ESG report, incl. selected ESG key figures and ratios, in accordance with the accounting principles presented in the report.
We complied with relevant provisions in the Danish Act on Approved Auditors and Audit Firms and the International Ethics Standards Board for Accountants’ international guidelines for the ethical conduct of auditors (IESBA Code), including principles of integrity, objectivity, professional competence, and due diligence.
Management is responsible for the ESG report, incl. selected ESG key figures and ratios, 2023/24 as well as the accuracy and completeness of the information used for its compilation.
As the preparation of financial information is not a declaration with certainty, we are not obliged to verify the accuracy or completeness of the information provided to us by the company’s management for preparing the ESG report, incl. selected ESG key figures and ratios, 2023/24. We, therefore, issue no audit or review conclusion on whether the selected ESG key figures and ratios were prepared and presented in accordance with the accounting principles presented in the report.
Horsens, 9 January 2025
Roesgaard
Godkendt Revisionspartnerselskab
CVR no. 37 54 31 28
Michael Mortensen
State Authorised Public Accountant
MNE no. mne34108
Our partners and suppliers – your strengths
We have selected the market's best suppliers to support your business. Together, we focus on new technologies and are happy to be available when there is a need for advice or process development.
