Climate Change Data

Environmental Metrics

ESG Focus Areas

• Climate and environment
• People and community
• Business and governance

Environmental Achievements

• Formalized approach with a new Global Environmental Sustainability Policy
• Educated 95% of colleagues through newly launched environmental sustainability training
• Updated climate focus towards emissions reduction and investment
• Achieved a 58% reduction in GHG emissions since 2018
• Achieved a 50% drop in Scope 1 and 2 GHG emissions from 2021 to 2022
• 14% reduction in energy used for cooling and overhead and a total reduction in energy use of 7% in our global data centres compared to 2021
• 47.8 tonnes of CO2e emissions avoided through recycling efforts

Social Achievements

• Achieved company-wide female representation target of 30%
• Initiated cross-functional DEI working group with executive sponsorship
• Launched flagship Avaloq community impact programme (17 paid hours/year for volunteering)
• 12% more budget used for female colleagues’ pay rises in FY2022
• More female colleagues were promoted in FY2022

Governance Achievements

• Ensured 95% of colleagues completed compliance training
• Increased focus on ESG consideration in assessments of business associates
• Continued to help shift capital to ESG aligned investments with our ESG module
• Achieved accredited ISO 22301 BCM certification for global operations

Climate Goals & Targets

Environmental Challenges

• Increased Scope 3 emissions due to more business travel post-Covid-19 restrictions and increased colleague commuting
• Challenges in improving gender diversity within technology-related roles

Mitigation Strategies

• Balancing in-person interactions with remote connectivity
• Implementing specific initiatives designed to attract and retain female talent in technology roles and boost female leadership across all business areas

Supply Chain Management

Supplier Audits: 407 new due diligence checks and 548 continuous re-screening due diligence checks conducted on business associates in FY2022

Responsible Procurement

• Supplier attestation form committing to Avaloq's policies
• Global Policy for Responsible Business Conduct in Supply Chains

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: GRI

Certifications: ISO 22301, ISO 27001 (Switzerland and Liechtenstein, Europe, Singapore and Australia)

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Goal 4
• Goal 5
• Goal 8
• Goal 9
• Goal 12
• Goal 13
• Goal 16

See page 44 of the report for details.

Sustainable Products & Innovation

• ESG module for Avaloq Core Platform

Awards & Recognition

• Not disclosed