Climate Change Data

Iver Group AB

Climate Impact & Sustainability Data (2023)

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:40,586 tCO2e/year (market based), 44,781 tCO2e/year (location based)
Scope 1 Emissions:8 tCO2e/year
Scope 2 Emissions:176 tCO2e/year (market based), 4113 tCO2e/year (location based)
Scope 3 Emissions:30,084 tCO2e/year
Total Energy Consumption:16,691 MWh/year
Carbon Intensity:13 tonnes CO2e/MSEK (2023)

ESG Focus Areas

  • Sustainable services
  • Security and privacy
  • Our employees

Environmental Achievements

  • Iver's climate targets were validated and approved by the Science Based Targets initiative (SBTi).
  • Continued development of circular IT offering, including standardization and centralization of hardware management in a new recycling, logistics, and configuration center.
  • Awarded a silver medal in EcoVadis' annual sustainability review 2023 (top 25%).
  • Reduced climate impact in Scope 3 emissions.

Social Achievements

  • Launched a new onboarding program for all new employees.
  • Named as Karriärföretag (Career Company) 2024.
  • Increased focus on sustainability with a new Sustainability Business Partner.
  • Employee engagement index rose from 67% to 74%.

Governance Achievements

  • No legal violations reported for 2023.
  • Group-wide Code of Conduct training with 80% of employees passing the test.
  • Updated Group-wide Code of Conduct.

Climate Goals & Targets

Long-term Goals:
  • Climate neutral throughout the value chain by 2030/2035.
Medium-term Goals:
  • 50% reduction in Scope 1 and 2 emissions by 2030.
Short-term Goals:
  • Reduce Scope 1 and 2 emissions by 29.4% by 2027 (2021 as base year).
  • By 2025, calculate CO2e emissions per product category.

Environmental Challenges

  • High energy prices, high inflation, and currency effects squeezing margins.
  • Increased demands for stable, secure, and high-performing infrastructure.
  • Need to improve documentation for clarity and transparency in sustainability actions.
  • Need to carefully evaluate targets in focus areas for effective integration into business strategy.
  • Need to improve providing more detailed and transparent information to stakeholders.
  • Need to review and strengthen policies and guidelines to ensure full compliance with international standards.
  • Significant risks of human rights violations in the early stages of the supply chain due to subcontracting in high-risk areas.
  • Risks of unethical business practices and inappropriate business relationships with suppliers and customers.
Mitigation Strategies
  • Continued to drive sustainability efforts to further strengthen the business model.
  • Developed circular IT offering with a new logistics center.
  • Strengthened sustainability team.
  • Implemented a new onboarding process.
  • Initiated extended partnerships with ten prioritized suppliers to proactively manage environmental and social impacts along the value chain.
  • Annual review of supplier contracts and sustainability performance.
  • Systematic evaluation of suppliers.
  • Continuous focus on promoting an ethical business culture and transparency.
  • Recurrent training on code of conduct, whistleblowing function.

Supply Chain Management

Supplier Audits: Annual review of supplier contracts; annual self-assessment survey; require suppliers to be members of or operate in accordance with the Responsible Business Alliance (RBA) and the Responsible Minerals Initiative (RMI).

Responsible Procurement
  • Code of conduct for suppliers; Purchasing policy; sustainable sourcing based on internal and external standards such as the UN Guiding Principles for Business.

Climate-Related Risks & Opportunities

Opportunities
  • Development of energy-efficient cloud services

Reporting Standards

Frameworks Used: GRI Standards, UN Global Compact Ten Principles, Greenhouse Gas Protocol Corporate Standard

Certifications: ISO 9001, ISO 14001, ISO 27001

UN Sustainable Development Goals

  • SDG 5
  • SDG 7
  • SDG 8
  • SDG 12
  • SDG 13
  • SDG 16

The company's work supports these SDGs through its focus areas on sustainable services, security and privacy, and employee well-being.

Sustainable Products & Innovation

  • Iver Cloud offering

Awards & Recognition

  • Silver medal in EcoVadis' annual sustainability review 2023
  • Karriärföretag (Career Company) 2024