Climate Change Data

ABG Sundal Collier Holding ASA

Climate Impact & Sustainability Data (2023)

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:747.2 tCO2e/year
Scope 1 Emissions:0 tCO2e/year
Scope 2 Emissions:414.7 tCO2e/year
Scope 3 Emissions:694.1 tCO2e/year
Renewable Energy Share:81.4%
Total Energy Consumption:1304.8 MWh/year
Carbon Intensity:0.44 tCO2e/mNOK revenue (2023)

ESG Focus Areas

  • Climate Change
  • Gender Equality
  • Diversity & Inclusion
  • Corporate Governance
  • Ethical Business Conduct

Environmental Achievements

  • Reduced greenhouse gas emissions from 446.8 tCO2e in 2022 to 747.2 tCO2e in 2023 (increase attributed to inclusion of employee commuting in 2023 Scope 3 calculations).
  • Implemented a video-first policy to reduce business travel.
  • Sustainable office buildings with high environmental certifications (BREEM-NOR Excellent and LEED Platinum).

Social Achievements

  • Established the ABG Sundal Collier Women in Finance Foundation, donating over NOK 1.6m in 2023 to promote gender equality in finance.
  • Joined the Women in Finance Charter in 2021.
  • High employee satisfaction (Employee Net Promoter Score of 33, exceeding sector index of 27).
  • Implemented a staff survey tool with an 84% response rate.

Governance Achievements

  • Adherence to the Norwegian code of practice for Corporate Governance.
  • Robust policies and procedures to ensure ethical business conduct, including anti-corruption, data privacy, and anti-money laundering measures.
  • 50/50 gender balance on the Board of Directors.

Climate Goals & Targets

Medium-term Goals:
  • Achieve a 30/70 ratio of women/men in managerial positions by 2028.

Environmental Challenges

  • Reducing greenhouse gas emissions.
  • Addressing gender imbalance in the financial industry.
  • Maintaining ethical business conduct in a complex geopolitical environment.
Mitigation Strategies
  • Tracking and evaluating environmental impact, focusing on energy consumption, business travel, and waste.
  • Implementing a video-first policy and investing in video conferencing solutions.
  • Initiatives such as the ABG Sundal Collier Women in Finance Foundation and participation in the Women in Finance Charter.
  • Robust internal governance and control structures, including a three-line-of-defense model.

Supply Chain Management

Responsible Procurement
  • Ethical and responsible procurement practices; expectations outlined in ABGSC Client Engagement ESG Procedure and ABGSC Supplier ESG procedure.

Climate-Related Risks & Opportunities

Physical Risks
  • Extreme weather
Transition Risks
  • Regulatory changes
  • Market shifts
Opportunities
  • Supporting clients in the green transition.

Reporting Standards

Frameworks Used: UN Global Compact, Norwegian Transparency Act, G20/OECD Principles of Corporate Governance, OECD Guidelines for Multinational Enterprises, EU Corporate Sustainability Reporting Directive (CSRD) (preparation for 2025 reporting)

Certifications: BREEM-NOR Excellent (Oslo office), LEED Platinum (Stockholm office)