Climate Change Data

Enea AB (publ)

Climate Impact & Sustainability Data (2023)

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:976 tons of CO2e
Scope 1 Emissions:71 tons of CO2e
Scope 2 Emissions:361 tons of CO2e
Scope 3 Emissions:547 tons of CO2e
Renewable Energy Share:56%
Total Energy Consumption:2605 MWh

ESG Focus Areas

  • Business ethics
  • Climate impact
  • Working environment
  • Diversity and gender equality

Environmental Achievements

  • Reduced energy consumption (primarily due to fewer offices and employees compared to previous years).
  • 56% renewable energy share in local data centers.

Social Achievements

  • Employee engagement index of 82%
  • Staff turnover of 11%
  • Increased share of women in total workforce to 31%

Governance Achievements

  • Compliance with the Swedish Code of Corporate Governance.
  • Established a whistleblower process and portal.

Climate Goals & Targets

Long-term Goals:
  • CO2e neutral in our activities and supply chain by 2040
Medium-term Goals:
  • CO2e neutral data centers by 2030
  • 100 percent renewable energy in our on-premise data centers by 2030
  • Increase female leaders and overall workforce to 30 percent by 2030
Short-term Goals:
  • Rate our 10 largest strategic suppliers based on one sustainability perspective until 2023
  • Make sure that 90 percent of all employees undergo training in the code of conduct every two years
  • Achieve 100 percent compliance with our code of conduct for new strategic suppliers, and upon renewal of agreement with such external parties, at the latest in the end of 2024

Environmental Challenges

  • Global economic conditions affecting customers' willingness to invest.
  • Delays in the 5G market.
  • Deteriorating macroeconomic prospects.
  • Increased required rate of return (WACC).
  • Cancelled major telecom project.
  • Competition for qualified personnel in the IT and telecom industry.
Mitigation Strategies
  • Efficiency improvement and revaluation of intangible assets.
  • Reduced investments in own product development.
  • Adjusted investment rate to market situation for 5G products.
  • Reduced workforce for delivery and customer-specific testing within the telecom portfolio.
  • Investments in automation and centralization of competence to development center in Croatia.

Supply Chain Management

Responsible Procurement
  • Code of Conduct for Suppliers

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: Global Reporting Initiative (GRI), UN Sustainable Development Goals (UN SDGs)

Certifications: Nasdaq ESG Transparency Partner

UN Sustainable Development Goals

  • Target 16.5
  • Target 7.2
  • Target 9.4
  • Target 9.5
  • Target 13
  • Target 3.4
  • Target 3.8
  • Target 8.5
  • Target 8.8
  • Target 5.1
  • Target 5.5
  • Target 10.2
  • Target 10.3

Enea's software contributes to efficient material and energy use, enabling digitization, and cybersecurity.

Sustainable Products & Innovation

  • AI-powered solution for A2P messaging
  • New functions within traffic management platform
  • Enea Qosmos Threat Detection SDK

Awards & Recognition

  • Cyber Defense Magazine's Global InfoSec Award 2023 for Enea Qosmos ixEngine