Climate Change Data

GFT Technologies SE

Climate Impact & Sustainability Data (2021, 2022, 2023)

Reporting Period: 2021

Environmental Metrics

Total Carbon Emissions:28,494 tCO2e (Scope 1-3, 2020)
Scope 1 Emissions:731 tCO2e (2020)
Scope 2 Emissions:2,295 tCO2e (market-based, 2020)
Scope 3 Emissions:18,803 tCO2e (2020)
Renewable Energy Share:18% (2020)
Total Energy Consumption:7,218,917 kWh (2019); 4,457,857 kWh (2020)
Carbon Intensity:3.1 tCO2e/€ million revenue (2020)

ESG Focus Areas

  • Climate Change Mitigation
  • Diversity & Inclusion
  • Corporate Governance
  • Sustainable Software Design
  • Talent Development

Environmental Achievements

  • Reduced Scope 1 and 2 emissions significantly from 2019 to 2020 (though 2021 data not fully available at reporting time).
  • GFT Spain switched to renewable electricity sources (data not yet reflected in 2020 report).
  • Over 500 employees completed GreenCoding training by the end of 2021 (exceeding initial target).

Social Achievements

  • Launched a Group-wide Diversity & Inclusion Policy in 2021.
  • Conducted a DEI program in Poland, including a diversity survey and implementation of inclusive measures.
  • Increased the proportion of women in technical professions in GFT UK from 13% to 18%.

Governance Achievements

  • Implemented a Group-wide CSR policy and enhanced CSR governance.
  • Introduced a new data protection training concept for all employees.
  • Maintained a Group-wide equal pay gap below 1%.

Climate Goals & Targets

Long-term Goals:
  • Net-zero emissions across the entire value chain by 2050.
Medium-term Goals:
  • Reduce Scope 1 and 3 emissions by 50% and Scope 2 emissions by 68% by 2030 (compared to 2020).
Short-term Goals:
  • Climate-neutral own operations by 2025 (Scope 1 and 2).

Environmental Challenges

  • Lack of recognized standards for accounting software-related emissions and eco-labels for sustainable software design.
  • Data limitations in compiling a comprehensive Scope 3 emissions inventory.
Mitigation Strategies
  • Developing suitable metrics for evaluating emission savings through GreenCoding.
  • Using a hybrid approach of screening and calculation for Scope 3 emissions inventory, aiming for a step-by-step life cycle analysis.

Supply Chain Management

Responsible Procurement
  • Code of conduct for suppliers and service providers.

Climate-Related Risks & Opportunities

Opportunities
  • GreenCoding initiative

Reporting Standards

Frameworks Used: GRI Standards (2016)

Certifications: ISO/IEC 27001 (ISMS)

UN Sustainable Development Goals

  • SDG 4
  • SDG 5
  • SDG 7
  • SDG 8
  • SDG 9
  • SDG 10
  • SDG 12
  • SDG 13
  • SDG 16
  • SDG 17

Various initiatives contribute to these goals as detailed throughout the report.

Sustainable Products & Innovation

  • GreenCoding
  • Privacy Engineering

Reporting Period: 2022

Environmental Metrics

Total Carbon Emissions:30,832 tCO2e (Scope 1-3, 2021)
Scope 1 Emissions:857 tCO2e (2021)
Scope 2 Emissions:215 tCO2e (market-based, 2021)
Scope 3 Emissions:30,832 tCO2e (2021)
Renewable Energy Share:68% (2021)
Total Energy Consumption:6,206 MWh (2021)
Carbon Intensity:1.7 tCO2e/€ million revenue (2021), 0.2 tCO2e/FTE (2021)

ESG Focus Areas

  • Climate Change
  • Diversity & Inclusion
  • Corporate Governance
  • Data Protection & Privacy
  • Sustainable Software Design

Environmental Achievements

  • Sourced 100% of electricity for data centers from renewable energies since 2021.
  • Reduced Scope 2 emissions (market-based) by 71% compared to 2020.
  • Over 1,000 GFT employees completed GreenCoding training by the end of 2022.

Social Achievements

  • All GFT national companies received the “Great Place to Work” certification in 2022.
  • Launched an internal community on inclusive coding in 2022.
  • Group-wide equal pay gap was less than 1% in 2022.
  • Average of 34 training hours per employee in 2022 (up from 27 in 2021).

Governance Achievements

  • Established a Group-wide GFT Health & Safety Policy.
  • Implemented a Group-wide Diversity & Inclusion Policy.
  • Adopted a Group-wide Anti-Bribery & Corruption Policy.
  • Implemented a Group-wide Tax Policy.
  • ISMS certified in ISO/IEC 27001:2013 for one GFT business unit.
  • GFT Integrated Systems (German subsidiary) certified according to TISAX.

Climate Goals & Targets

Long-term Goals:
  • Emission-free across the entire value chain in the long term.
Medium-term Goals:
  • Reduce operational greenhouse gas emissions (Scopes 1 and 2) by 50% compared to 2020 by 2030.
  • Reduce emissions along the value chain (Scope 3) by 60% per euro of value added compared to 2020 by 2030.
Short-term Goals:
  • Carbon neutral for own operations (Scope 1 and 2) by 2025 (revised target).

Environmental Challenges

  • Achieving carbon neutrality for own operations by 2025 without offsetting.
  • Increasing the proportion of women in management positions.
  • Collecting diversity data due to sensitivity and data protection requirements.
  • Calculating software-related emissions due to lack of standardisation.
Mitigation Strategies
  • Set new science-based climate targets validated by SBTi, aiming for 50% reduction in Scope 1 & 2 emissions and 60% reduction in Scope 3 emissions per euro of value added by 2030.
  • Developed local DE&I agendas for national subsidiaries, focusing on increasing the proportion of women and reducing the equal pay gap.
  • Developed a tool to calculate emissions precisely down to project level.
  • Improved data quality for Scope 3 emissions by changing the recording and calculation methodology.

Supply Chain Management

Responsible Procurement
  • Code of Conduct for Suppliers and Service Providers
  • Priority given to suppliers promoting human rights and environmental awareness.

Climate-Related Risks & Opportunities

Opportunities
  • Development of energy-efficient software

Reporting Standards

Frameworks Used: GRI Standards (2022), UN Global Compact

Certifications: ISO/IEC 27001:2013 (one business unit), TISAX (GFT Integrated Systems)

UN Sustainable Development Goals

  • SDG 7 (Affordable and Clean Energy)
  • SDG 8 (Decent Work and Economic Growth)
  • SDG 9 (Industry, Innovation and Infrastructure)
  • SDG 10 (Reduced Inequalities)
  • SDG 12 (Responsible Consumption and Production)
  • SDG 13 (Climate Action)
  • SDG 16 (Peace, Justice and Strong Institutions)
  • SDG 17 (Partnerships for the Goals)

Initiatives contribute to these goals through sustainable software design, employee well-being, diversity and inclusion, responsible governance, and climate action.

Sustainable Products & Innovation

  • GreenCoding
  • Privacy by Design

Awards & Recognition

  • Great Place to Work certification (all national companies)

Reporting Period: 2023

Environmental Metrics

ESG Focus Areas

  • Emissions reduction
  • Grow tech talent (diversity and inclusion)
  • Privacy by design
  • GreenCoding

Environmental Achievements

  • Reduced greenhouse gas emissions by 10% in 2023
  • Improved CDP rating in Climate Change category from C to B

Social Achievements

  • Almost all GFT national companies received the “Great Place to Work” certification in 2023
  • Grow tech talent initiatives to promote recruitment and retention of highly skilled employees, particularly women

Governance Achievements

  • Issued Declaration of Compliance with the German Corporate Governance Code

Climate Goals & Targets

Medium-term Goals:
  • Grow twice as fast as the market in terms of revenue and steadily improve profitability

Environmental Challenges

  • Market volatility due to inflation and geopolitical tensions
  • Client reluctance to sign new project contracts in the first few months of 2023
  • Downturn in Brazil
  • Weak stock market environment in summer
  • CEO's decision not to extend her service agreement
Mitigation Strategies
  • Acquisition of targens GmbH and launch of the AI.DA Marketplace
  • Restructured service portfolio
  • Capacity adjustments in Brazil
  • Adjustment of guidance for the financial year 2023
  • Strong year-end trading on the stock markets

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: Science Based Target Initiative (SBTi)

Certifications: CMMI® Level 3, ISO/IEC 27001

Third-party Assurance: Deloitte Wirtschaftsprüfungsgesellschaft

Sustainable Products & Innovation

  • GreenCoding initiative

Awards & Recognition

  • ISG Provider Lens™
  • 2023 SPARK Matrix™ for Digital Banking Services
  • Great Place to Work