Climate Change Data

F-Secure Corporation

Climate Impact & Sustainability Data (2023)

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:8,525 tCO2e
Scope 1 Emissions:35 tCO2e
Scope 2 Emissions:187 tCO2e
Scope 3 Emissions:8,303 tCO2e

ESG Focus Areas

  • Protecting people and society
  • Employees
  • Cyber security
  • General compliance

Environmental Achievements

  • Conducted first emissions inventory calculation based on the Greenhouse Gas Protocol (GHG), resulting in annual emissions equivalent to 315 Finnish families' emissions.

Social Achievements

  • Zero incidents of discrimination reported in 2023.
  • Launched Culture Journey, a culture design process to define desired company culture.
  • Launched several programs including Leadership Academy and DEI trainings.
  • Ranked #5 among IT students and #14 in the Professionals' category in Universum’s ranking of Finland’s most attractive employers.

Governance Achievements

  • Established F-Secure ESG Council to oversee ESG strategy creation and execution.
  • Updated cyber security policies to reflect the new F-Secure organization and ways of working.
  • Conducted a complete review of cyber security policies.
  • Renewed annual cyber security awareness training and rolled it out to all employees.

Climate Goals & Targets

Medium-term Goals:
  • Align with the Science Based Targets initiative (SBTi) and drive towards the +1.5°C climate change target during 2024.
Short-term Goals:
  • Restore eNPS to its former level in 2024.

Environmental Challenges

  • Acquisition of Lookout Life resulted in 2023 emissions not being directly comparable to 2022.
  • Change negotiations in Q4 2023 impacted employee Net Promoter Score (eNPS).
  • Relatively male-dominant industry.
  • Complexity of cybersecurity for consumers.
Mitigation Strategies
  • Included pro-forma emissions of Lookout Life for the whole year 2023 for better comparison.
  • Actively communicated and offered support to employees during change negotiations.
  • Embarked on a journey to reshape talent acquisition processes and practices to attract a more diverse workforce.
  • Launched F-Secure Total, an all-in-one security and privacy app, to simplify the customer experience.

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: Science Based Targets initiative (SBTi), Greenhouse Gas Protocol (GHG)

Certifications: ISO 27001 (in progress)

Awards & Recognition

  • Ranked third among Nasdaq Helsinki Mid-Cap sized companies in the Nordic Business Diversity Index.