Climate Change Data

Sia Partners

Climate Impact & Sustainability Data (2023, 2024-02)

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:9,151 tCO2e/year (2023)
Scope 1 Emissions:123 tCO2e/year (2023)
Scope 2 Emissions:412 tCO2e/year (2023)
Scope 3 Emissions:8,616 tCO2e/year (2023)
Renewable Energy Share:80% by 2026; 100% by 2032 (target)
Total Energy Consumption:2902.8 MWh/year (2023)
Carbon Intensity:0.080 kg CO2e/€ gross profit margin (2023)

ESG Focus Areas

  • Climate Change
  • Diversity, Equity, Inclusion, and Belonging (DEIB)
  • Governance
  • Ethical Business Conduct
  • Workplace Wellbeing

Environmental Achievements

  • Established ambitious reduction targets to significantly reduce carbon emissions by 2032 (Scope 1: reduce by 6.8% on average per year; Scope 2: 100% green electricity by 2032; Scope 3: reduce by 58.1% per employee by 2032)
  • Introduced a new environmental policy mandating protocols in business travel, energy consumption, office equipment, and waste management.
  • Centralizing purchasing and automating supplier screening (launch EOY 2024)

Social Achievements

  • Advancing DEIB commitments through a focus on Allyship, aiming for a 50% diverse workforce by 2027 and 25% women in leadership by 2025.
  • Launched a cultural and managerial transformation initiative with Uside to evolve culture and develop talent.
  • Launched a Global Mentorship Program in 2023.

Governance Achievements

  • Established a new ESG governance model in 2023, including a C-level ESG Strategic Committee and sub-committees for Environment and DEIB.
  • Launched a global cultural diagnostic with Uside to understand employee perceptions of management and culture.
  • Developed a centralized purchasing process to increase supplier outreach and ESG screening (expected completion EOY 2024).

Climate Goals & Targets

Long-term Goals:
  • Net-zero carbon emissions by 2050.
Medium-term Goals:
  • Achieve 25% women in leadership by 2025.
  • Achieve 50% diverse workforce by 2027.
  • 100% green electricity supply by 2032.
Short-term Goals:
  • Reach 70% Climate Fresk completion in France and Belgium/Netherlands by EOY 2024.
  • 100% readership and training completion of DEIB Policy by EOY 2024.
  • Centralize purchasing and automate supplier screening by EOY 2024.

Environmental Challenges

  • Reducing scope 3 emissions (most of their emissions)
  • Achieving gender balance and overall diversity.
  • Managing hypergrowth and ensuring cultural alignment.
Mitigation Strategies
  • Focus on travel reduction and supplier outreach; investing in natural carbon sinks.
  • Implementing DEIB policy updates, training, and equal opportunity initiatives.
  • Cultural transformation initiative with Uside to align strategic objectives, stakeholder mindsets, and management style.

Supply Chain Management

Responsible Procurement
  • Responsible Purchasing Charter (signed by new suppliers since Summer 2022).

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI Standards

Certifications: ISO 14064

UN Sustainable Development Goals

  • SDG 17: Partnerships for the Goals

Through consulting work and the CAMERR project.

Reporting Period: 2024-02

Environmental Metrics

Total Carbon Emissions:Not disclosed
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:Not disclosed
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Climate Change
  • Economic Development
  • Energy Security
  • Job Creation

Environmental Achievements

  • Not disclosed

Social Achievements

  • Not disclosed

Governance Achievements

  • Not disclosed

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Not disclosed
Short-term Goals:
  • Not disclosed

Environmental Challenges

  • Securing sufficient carbon-free electricity for e-fuel production.
  • Ensuring long-term CO2 supply.
  • High cost of e-fuels compared to fossil fuels.
  • International competition in e-fuel sector.
  • Need for adequate infrastructure.
  • Supporting innovative business models.
  • Risk of e-fuel shortages in Europe by 2035.
Mitigation Strategies
  • Public support through subsidies, tax credits, and regulatory obligations.
  • Development of efficient technologies (high-temperature electrolysis, co-electrolysis).
  • International cooperation and partnerships.
  • Strategic political vision and quantified targets.
  • Anticipation of resource mobilization needs (electricity, CO2, water).

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Not disclosed

Climate-Related Risks & Opportunities

Physical Risks
  • Not disclosed
Transition Risks
  • Not disclosed
Opportunities
  • Decarbonization of hard-to-abate sectors

Reporting Standards

Frameworks Used: Null

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • Goal 7 (Affordable and Clean Energy)
  • Goal 9 (Industry, Innovation and Infrastructure)
  • Goal 13 (Climate Action)

E-fuels contribute to these goals by providing a decarbonization solution for hard-to-abate sectors, stimulating innovation and creating new industrial opportunities.

Sustainable Products & Innovation

  • E-fuels

Awards & Recognition

  • Not disclosed