Climate Change Data

Gofore Plc

Climate Impact & Sustainability Data (2023)

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:938.42 tCO2e
Scope 1 Emissions:29 tCO2e (net emissions 0)
Scope 2 Emissions:132 tCO2e (net emissions 0)
Scope 3 Emissions:705.75 tCO2e

ESG Focus Areas

  • Climate change
  • Workforce
  • Ethical Digitalization

Environmental Achievements

  • Set an emissions reduction target for indirect emissions (Scope 3 emissions) and created intermediate targets to achieve carbon neutrality by 2035.
  • Continuously decreased emissions from energy use as offices switch to renewable energy.
  • Increased turnover in accordance with the EU sustainable finance framework.

Social Achievements

  • Published the Ethical Digital booklet, outlining ethical principles for digital systems and consulting.
  • Developed a method for evaluating and reducing the climate impacts of information system projects.
  • Improved employee well-being initiatives and employer brand recognition.

Governance Achievements

  • Launched a double materiality assessment project (completed early 2024), refining stakeholder engagement.
  • Established an internal whistleblowing channel compliant with the Whistleblowing Directive.
  • Continued ethical capacity development work, including the Gofore Ethics Desk.

Climate Goals & Targets

Long-term Goals:
  • Carbon neutrality in all emission scopes by 2035.
Medium-term Goals:
  • Reduce Scope 1 and 2 emissions to zero by 2030; reduce Scope 3 emissions by 50% by 2030.
  • 50% of key customers’ projects to be related to sustainability transition by 2027.
Short-term Goals:
  • Reduce Scope 1 and 2 emissions by 50% by 2026 (compared to 2022); reduce Scope 3 emissions by 20% by 2026.
  • Achieve 100% renewable energy usage in offices by 2030.

Environmental Challenges

  • Weakening customer demand due to the overall economic cycle, geopolitical uncertainty, and a changed interest environment.
  • Tight price competition, especially in public sector tenders.
  • Higher-than-normal consultant capacity (bench).
  • Risks involved in integrating acquired businesses (eMundo, Creanex).
Mitigation Strategies
  • Strong focus on customer work and cost control.
  • Continuous development of Gofore’s employer brand, flexible working, and employee well-being.
  • Pre-designed integration models for acquisitions.
  • Disciplined acquisitions aligned with strategy.

Supply Chain Management

Responsible Procurement
  • Subcontractor Code of Conduct emphasizing human rights and equal treatment.

Climate-Related Risks & Opportunities

Physical Risks
  • Relatively minor
Transition Risks
  • Uncertainty in markets and customer behavior due to climate change.
Opportunities
  • Growing demand for digital solutions to combat climate change.

Reporting Standards

Frameworks Used: World Economic Forum’s Stakeholder Capitalism Metrics, SASB (Software & IT Services sector), ESRS E1 (Climate change), ESRS S1 (Own workforce)

Certifications: WWF Green Office (largest Finnish offices)

Third-party Assurance: KPMG Oy Ab

Sustainable Products & Innovation

  • Simulation solutions for work machinery (Creanex).

Awards & Recognition

  • Third best in Finnish large and midcap companies by investors in the Trust & Reputation survey; sixth most attractive industry employer globally in Universum’s survey; most interesting employer of the IT industry in the Duunitori platform’s survey.