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)