GIAB – a leading actor within circular economy

GIAB has been working with circular economy since 2012, and together with strategic partners like Folksam, Länsförsäkringar and IKEA developed circular business models relevant for business operations.

Fundamentally our offer is all about to facilitate our customers to decarbonize through efficient and large scale reuse. Through our reuse-process and associated software – Circular Platform™ – a CO₂ reduction is generated and as a consequence a reduction of the resource utilization. To visualize this into data our customers will receive a sustainability report including CO₂ reduction, together with other material environmentally related reductions.

On the 7^th of July 2021 the company was listed on the Nasdaq First North, which generated a number of new investors and owners, and the opportunity to increase the awareness of GIAB and its operation. In 2022 GIAB was one of the first companies in Sweden to apply and later be awarded the Nasdaq Green Equity Designation. The green label gives increased visibility towards investors who are searching for sustainable investments

GIAB reduces our customers CO₂-emissions  

We are implementing the most innovative business solutions within circular economy and sustainability with a scalable business model build upon a clear processes and system support.

Our reuse-process and associated software – Circular Platform™ – provides complete solutions including the entire product flow related to sustainability – and financial analysis with feedback to customers, advanced experience and specialist competence within circular economy and sustainability, close co-operation with actors from different industries like IKEA, CDON, Folksam and Länsförsäkringar drives the development towards a more sustainable business operation for the customer.

In summary we contributes to reduce our customers CO₂ -emissions.

Circular Insurance

• The policyholder send in the damaged product and receive an already repaired product according to the ”equal for equal” principle.
• The product sent in will be repaired or reconditioned to be ready for another customer..
• Damage verification is an important part of the process together with the value-offer to the insurance companies.
• Up to 30% of the policyholders decide not to send in the product, which generates a substantial saving for the insurance companies.

Re:Commerce

• Return- and complaint handling for e-commerce companies, distributors and producers.
• Through return-logistics, reconditioning, repair and sale to end consumers, GIAB reuse all type of products from different flows.
• All products are traceable in our self- developed software – Circular Platform™ -with focus on profitability and sustainability.
• Sale takes place through our own channels Returhuset.se/dk/no/fi and on external  market places. We also distribute from our own physical shop, Returhuset.

Consulting

• High demand of competence within circular economy gave us the fundament to establish our consultancy business
• The main scope is to identify and implement processes based upon the concept of circular economy
• Enables cost savings and increased profitability together with a maximized positive environmental impact for the operation
• The consultancy engagements includes a broad spectra within sustainability with focus on sustainability communication and climate calculations

Half of the solution to the climate crisis  

An energy conversion from fossile fuels will not be sufficient – the conversion into a more circular economy will be as important as the energy conversion to save the climate.

Ellen Macarthur Foundation has estimated that a circular conversion can remedy 45 % of the worlds climate emissions.

Material Economics assessment of the circular conversion is even higher, as they estimate that 60-70% of the worlds climate emissions can be remedied from a circular economy.

That’s why we say that a circular economy is half of the solution to the climate crisis. The problem is how efficient we will be able to circulate what’s been produced – a probleme we offer a solution to.

Clear underlying growth interrupted by covid in 2021

• Strong growth on net sales (CAGR) of 55 % between the years 2015-2020.
• Significant negative impact from the covid pandemic in 2021 – this in combination with continuous investments in development and market footprint.
• Financial goals remains:
  • To achieve and average yearly growth on net sales (CAGR) of 25%
  • On midterm view achieve an EBITDA margin above 10%