AddSecure Group
Climate Impact & Sustainability Data (2023)
Reporting Period: 2023
Environmental Metrics
Total Carbon Emissions:4828 tCO2e/year
Scope 1 Emissions:116 tCO2e/year
Scope 2 Emissions:146 tCO2e/year
Scope 3 Emissions:4566 tCO2e/year
Renewable Energy Share:82.8%
Total Energy Consumption:714,185 kWh/year
Carbon Intensity:0.000024 tCO2e/€
ESG Focus Areas
- Climate Change
- Resource Use and Circular Economy
- Workforce Diversity and Inclusion
- Cybersecurity
- Supply Chain Sustainability
- Business Ethics
Environmental Achievements
- Reduced 24,400 tons of CO2 emissions with customers through Eco-Driving Challenge
- Increased renewable energy share to 82.8% of total purchased electricity
- Offset all 2022 direct (scope 1 and 2) emissions and scope 3 emissions related to business travel and employee commuting.
Social Achievements
- 7% workforce growth
- Maintained EcoVadis sustainability gold rating (top 5%)
- Recognized as one of the Top 50 most inspiring workplaces in EMEA
- Renewed ISO 9001 and 14001 certifications
Governance Achievements
- Established an internal CSRD/ESRS task force
- Achieved ISO 27001 certification (March 2024)
- 80% of employees read and confirmed the Code of Conduct
Climate Goals & Targets
Long-term Goals:
- Not disclosed
Medium-term Goals:
- 75% of managed SIM cards on Link by 2030
- 50% of managed SIM cards on Link by 2025
Short-term Goals:
- Reduce direct emissions by 40% by 2030 (compared to 2021)
Environmental Challenges
- Data quality challenges, especially concerning indirect (scope 3) emissions
- Incomplete data and uncertainties concerning methodologies for scope 3 emissions
- Growing resource constraints and shifting consumer attitudes towards ownership and consumption
- Shortage of components impacting business operations
- Increasing demands from customers, business partners and financial actors for more detailed information and quality data related to carbon management and strategies
Mitigation Strategies
- Working to address data gaps related to data coverage and introducing new subcategories within purchased goods to get a fuller picture of AddSecure’s carbon impact
- Implementing service-based profit models to transition into circular economy
- Initiating a company-wide project to improve tracking and management of product streams
- Introducing joint KPIs in monthly management reports to reflect ability to make more value out of less product
- Developing a carbon transition plan aligned with the Paris Agreement
Supply Chain Management
Supplier Audits: 25% of high-risk suppliers audited (within the last three years)
Responsible Procurement
- Business Partner Code of Conduct
- Purchasing policy
- Risk management guidelines
- Whistleblowing guidelines
- Vendor database
- Supplier risk assessment
- Supplier audit protocol
Climate-Related Risks & Opportunities
Physical Risks
- Extreme weather causing interruptions in supply chains and service delivery
Transition Risks
- Changes in customer demands related to climate data and solutions for lower emissions
- Additional costs related to compliance for new regulations and sustainability frameworks
Opportunities
- Increased demand for greener IoT solutions for sustainable digitalization
Reporting Standards
Frameworks Used: ESRS, GRI Standards, TCFD
Certifications: ISO 9001, ISO 14001, ISO 27001 (achieved in March 2024)
Awards & Recognition
- EcoVadis sustainability gold rating
- Top 50 most inspiring workplaces in EMEA