Flow Traders Ltd.
Climate Impact & Sustainability Data (2023)
Reporting Period: 2023
Environmental Metrics
Total Carbon Emissions:4,157 tCO2e
Scope 1 Emissions:233 tCO2e
Scope 2 Emissions:966 tCO2e
Scope 3 Emissions:2,958 tCO2e
Carbon Intensity:4 Intensity ratio (1 & 2) per EUR million revenue; 14 Intensity ratio (1, 2 & 3) per EUR million revenue
ESG Focus Areas
- Environmental footprint
- Sustainable employment
- Responsible supply chain
- Good governance
- Sustainable green transition
Environmental Achievements
- Reduced the amount of non-renewable energy sources at the data centers by more than 40%, from nearly 500 tCO2e to 275 tCO2e
- London office moved to 100% renewable energy
Social Achievements
- Welcomed 124 new hires
- Employees undertook 35,238 training hours
- 59 employees attended Dutch language classes
- Refreshed DE&I policy including targets
Governance Achievements
- Successful transition to a unitary board structure
- Updated remuneration policy for Executive Directors approved by shareholders
- Enhanced compliance with international ISO/IEC 27001 standard
Climate Goals & Targets
Environmental Challenges
- Subdued market environment with lower trading volumes and volatility
- Challenges in obtaining primary data from suppliers for electricity consumption
- Lower than target employee engagement score (7.0 vs 7.7)
Mitigation Strategies
- Diversified trading into different products and multiple markets
- Focus on operational excellence and efficiencies
- Initiated dialogue with value chain to address scope 3 emissions
- Plan to increase employee engagement in 2024
Supply Chain Management
Responsible Procurement
- Supplier Code of Conduct and ESG due diligence program (to be further enhanced in 2024)
Climate-Related Risks & Opportunities
Physical Risks
- Earthquakes, forest fires, floods impacting infrastructure
Transition Risks
- CO2 pricing impacting carbon footprint offsetting
Reporting Standards
Frameworks Used: ESRS