Climate Change Data

Careium AB (publ)

Climate Impact & Sustainability Data (2021)

Reporting Period: 2021

Environmental Metrics

Total Carbon Emissions:409 tCO2e (Scope 1,2,3)
Scope 1 Emissions:301 tCO2e
Scope 2 Emissions:76 tCO2e
Scope 3 Emissions:102 tCO2e

ESG Focus Areas

  • Social benefit
  • Environmental work
  • Human rights
  • Growing proportion of elderly people
  • Lack of resources
  • Emissions
  • Climate change

Environmental Achievements

  • Two more offices in the UK switched to fossil-free electricity.
  • 40 percent of the car fleet in Oslo was replaced with electric cars by year-end 2021.
  • In Scotland, the municipality of Falkirk was the first to implement a complete digital alarm chain, reducing emissions from home visits.

Social Achievements

  • Launched the Commission on Loneliness to reduce loneliness among older people.
  • Careium’s solutions provide support to employees working in care and resource efficiency in the use of tax revenues.
  • Careium’s services and products offer opportunities for greater participation in society for its users.

Governance Achievements

  • Implemented ISO 9001, ISO 14001, and ISO 27001 certifications across most operations.
  • Established a common vision and set of values for Careium.
  • Completed a leadership program for all managers focusing on self-management.

Climate Goals & Targets

Long-term Goals:
  • Be the leading player in developing and providing technology-enabled care in Europe.
Medium-term Goals:
  • Be the market-leading player in individual living and an established, expanding player in assisted living in all home markets by 2025.
  • Offer software platform as SaaS service to other providers.
Short-term Goals:
  • Two offices in the UK to switch to fossil-free electricity (achieved)
  • Eco-driving courses for 70% of field staff (not achieved)
  • Replace vehicle fleet with more environmentally friendly cars (partially achieved)

Environmental Challenges

  • Pandemic-related challenges and the situation in the UK negatively impacted earnings and operating profit.
  • Increased costs due to price increases for components and maintaining service quality during the pandemic.
  • Challenges in completing the integration of acquisitions and realizing synergies in the UK.
Mitigation Strategies
  • Restructuring the UK region, merging units into one legal entity, consolidating offices, and introducing a single service delivery system.
  • Establishing a new management structure in the UK to accelerate development.
  • Actively evaluating new acquisition objects to increase presence in new and existing countries and new value-added technology.

Supply Chain Management

Responsible Procurement
  • ESG policy for suppliers based on Careium’s policy for business ethics and the UN Global Compact’s ten principles.

Climate-Related Risks & Opportunities

Physical Risks
  • Extreme weather events impacting supply chain and service delivery
Transition Risks
  • Regulatory changes, market shifts
Opportunities
  • Increased demand for digital services due to reduced travel

Reporting Standards

Frameworks Used: GRI Standards Core level

Certifications: ISO 9001, ISO 14001, ISO 27001

Third-party Assurance: Öhrlings PricewaterhouseCoopers AB

UN Sustainable Development Goals

  • Goal 8
  • Goal 10
  • Goal 12

Initiatives contribute to decent work, reduced inequalities, and sustainable consumption and production.

Sustainable Products & Innovation

  • Eliza welfare hub
  • Careium 450 mobile social alarm
  • Visit remote monitoring system

Awards & Recognition

  • Scottish Gold Digital Telecare implementation Award (Falkirk)