Climate Change Data

Environmental Metrics

ESG Focus Areas

• How we act (privacy, integrity, user safety, supply chain management, freedom of expression, anti-corruption)
• Our people (attractive employer, diversity & equality, safe workplace, skills development)
• Environmental impact (customer empowerment, reducing operational impact)
• Societal impact (community engagement, media & marketplaces)

Environmental Achievements

• 20.5 million tonnes CO2e saved through the Second Hand Effect (SHE) project
• Reduced energy consumption by 4% in office operations and external data centers
• Decreased greenhouse gas emissions by 3% overall

Social Achievements

• Introduced a criterion regarding gender equality in short-term incentive plans
• Adopted a diversity and inclusion policy and a recruitment policy
• 1,056 employees participated in unconscious bias training
• Share of females in top management positions increased from 34% to 39%

Governance Achievements

• Linked performance on gender equality as a criterion for evaluating performance-related pay for the Schibsted Executive Team
• Privacy is a non-financial criterion for determining performance-related pay since 2017
• Implemented a new organizational structure

Climate Goals & Targets

Environmental Challenges

• Reducing environmental impact from business travel
• Adopting effective systems to measure and follow up on gender pay gap analyses across all operations
• Enabling data-driven innovations within legal restrictions and user expectations
• Maintaining editorial freedom and integrity while combating fake news
• Ensuring a fully responsible supply chain
• Implementing a new Group system for reporting performance and career development reviews

Mitigation Strategies

• Improving video conferencing facilities and monitoring business travel
• Ongoing dialog with regulators and legislators
• Extensive measures in place for detecting vulnerabilities and preventing data breaches
• Dedicated professionals working across companies to protect data, privacy, and online communities
• Finalized a new Supplier Code of Conduct based on the UN Global Compact’s Ten Principles
• Initiating supply chain analyses to identify risks and opportunities

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• New Supplier Code of Conduct based on UN Global Compact principles

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: GRI Standards: Core option, UN Global Compact

Certifications: FSC, PEFC, EU Eco Label, Nordic Swan Ecolabelling

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Goal 5: Gender equality
• Goal 12: Responsible consumption and production

Schibsted contributes through its focus areas on gender equality, customer empowerment, and circular economy initiatives.

Sustainable Products & Innovation

• Second Hand Effect (SHE) project

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Fair business practice
• Sustainable investments and ownership
• Sustainable supply chain
• Independent and high-quality journalism
• Privacy and protection of user data
• Empower people to make informed choices
• User safety and fraud protection
• Diversity, inclusion and belonging
• Health, safety and integrity of employees
• Attractive workplace
• Skills development and knowledge sharing
• Empower circular and sustainable consumption
• Energy use and greenhouse gas emissions
• Managing materials and waste
• Responsible marketing

Environmental Achievements

• Lowered CO2e emissions by 16 percent
• Total amount of CO2e saved through marketplaces Finn, Blocket and Tori was 1.6 million tonnes CO2e

Social Achievements

• Employee satisfaction scores have risen
• Launched several initiatives to tackle challenges, including a long-term focus on diversifying perspectives in the workforce, redefining conditions for a flexible workplace, and realizing sustainable business opportunities
• Reached the 60:40 gender ratio target for the three top management levels

Governance Achievements

• Defined a Sustainable Investment Policy
• Implemented a new employee engagement survey tool

Climate Goals & Targets

Environmental Challenges

• Cyber threat
• Lower trust in institutions
• Consumer behavior is changing
• Ensuring a sustainable supply chain
• Fair business practices
• Public policy

Mitigation Strategies

• Tightened cost control
• Cost reduction program in News Media
• Strengthened liquidity position by refinancing a NOK 1 billion bond
• Supplier Code of Conduct
• Pilot program on supplier assessment
• Anti-corruption training
• Active advocacy outreach in Brussels and national markets
• Dedicated public policy team

Supply Chain Management

Responsible Procurement

• Supplier Code of Conduct

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI Standards: Core option, UN Global Compact, Oslo Børs guidelines

UN Sustainable Development Goals

• Goal 4
• Goal 5
• Goal 7
• Goal 8
• Goal 10
• Goal 12
• Goal 16

Activities and opportunities aligned with SDG Targets

Sustainable Products & Innovation

• Bookis (used book marketplace)

Environmental Metrics

ESG Focus Areas

• Independent and high-quality journalism
• Trusted and efficient marketplaces
• Responsible advertising
• Responsible use of data and strong cybersecurity
• Sustainable investments
• Trusted consumer comparison services
• Attractive and fair employer
• Environmentally friendly operations

Environmental Achievements

• Reduced GHG emissions across all scopes by 17% since 2018 (location-based method)
• Reduced energy consumption by 11% since 2018
• 48% reduction in recycled newspapers in Aftonbladet due to a machine learning project

Social Achievements

• Launched IN/LAB (inclusion lab) to prototype future news experiences for news outsiders
• Achieved a 60:40 gender ratio for the three top management levels by the end of 2020
• Maintained high employee engagement scores, exceeding the target of 80 and ranking in the top 10% of best-performing companies internationally

Governance Achievements

• Established a new Speak Up procedure to provide clear guidelines on reporting misconduct
• Launched a revised Code of Conduct reflecting current businesses, risks, and stakeholder expectations
• Achieved 40% women on the Board of Directors in 2022

Climate Goals & Targets

Environmental Challenges

• Decreased demand for print and paper consumption due to soaring paper prices
• Maintaining user trust in a time of increasing fake news and declining trust in mainstream media
• Adapting to changing consumer behavior and increased demand for sustainable products
• Compliance with increasing national and EU regulations related to digital markets and sustainability

Mitigation Strategies

• Developed a climate roadmap outlining emission reduction targets and strategies
• Implemented a new framework for the procurement process to analyze and monitor suppliers
• Revised Code of Conduct and implemented internal processes to ensure compliance with the Norwegian Transparency Act
• Active advocacy outreach efforts in Brussels and national markets to influence digital market regulations

Supply Chain Management

Responsible Procurement

• Supplier Code of Conduct (based on UN Global Compact’s Ten Principles)
• New framework for procurement process including tools for risk analysis and monitoring

Climate-Related Risks & Opportunities

Transition Risks

• Changing consumer behavior
• Sustainability-related legislation

Reporting Standards

Frameworks Used: GRI Standards (2021), UN Global Compact, Euronext Guidelines for ESG Reporting

UN Sustainable Development Goals

• Goal 7 (Affordable and clean energy)
• Goal 8 (Decent work and economic growth)
• Goal 10 (Reduced inequalities)
• Goal 12 (Responsible consumption and production)
• Goal 13 (Climate action)
• Goal 16 (Peace, justice and strong institutions)

Initiatives contributing to these goals are detailed throughout the report

Sustainable Products & Innovation

• HONK car subscriptions
• FINN Fiks Ferdig circular consumption offering
• Plick marketplace for circular consumption

Environmental Metrics

ESG Focus Areas

• Independent and trustworthy journalism
• Empower people to be informed
• Responsible advertising
• Sustainable printed products
• Unbiased, inclusive and transparent job marketplaces
• Transparent and efficient mobility marketplaces
• Fair and efficient real estate marketplaces
• Efficient market for circular consumption of goods
• Sustainable distribution
• Responsible marketplace and distribution partners
• Sustainable investments
• Fair consumer offerings
• Empower consumers through comparison services
• Attractive workplace
• Diversity, inclusion and belonging
• Health and safety
• Skills development
• Fair business practice
• Climate impact and energy use
• Sustainable supply chain
• Cybersecurity
• Responsible use of data

Environmental Achievements

• Reduced emissions by 17% (location-based) and 7% (market-based) from 2022; 33% (location-based) and 24% (market-based) reduction since 2018.
• Reduced energy consumption by 12% since 2018.
• Source sorting/recycling of waste at Schibsted’s printing plants (Bergen, Nydalen and Vestby) amounts to over 98% combined.
• Significant increase in the number of sellers using the transactional service and in the proportion of ads sold in recommerce.

Social Achievements

• Maintained an average employee engagement score above the European benchmark despite a significant transformation.
• Increased the number of young users in line with targets for VG and Aftonbladet.
• Provided training to 100% of employees within the jobs marketplace on diversity, inclusion and belonging.
• 80% of Tori's mobility listings (Finland) and 91% of Bilbasen's (Denmark) mobility listings now feature comparable emissions data.

Governance Achievements

• Implemented mandatory Code of Conduct training for all current and new employees.
• Established a new framework for the procurement process to support companies with analyzing, monitoring, assessing and developing their suppliers.
• Revised Business Partner Code of Conduct to align with the new Code of Conduct and the procurement framework.

Climate Goals & Targets

Environmental Challenges

• Persistent high inflation and a volatile macroeconomic environment impacting advertising revenues, the Job vertical, and Lendo.
• Challenges across various revenue streams due to macroeconomic headwinds.
• Slowdown in legacy distribution business due to a general volume decline combined with the lapse of Sunday distribution.
• Declining volumes in the Jobs vertical due to challenging market conditions.
• Challenges in obtaining accurate data and limited control over electricity consumption in employees’ homes.
• Slow progress in the electrification of heavy goods vehicles for long-distance routes.

Mitigation Strategies

• Implemented a new cost programme in News Media, contributing to a 1% reduction in operating expenses.
• Cost improvements and improved profitability in Helthjem resulted in an improved EBITDA in Delivery.
• Transition to a new, vertical-based operating model in Nordic Marketplaces to unlock significant user and customer value.
• Strategic relocation of printing facility to Vestby to substantially lower electricity consumption.
• Implementing energy efficiency measures in offices and printing facilities.
• Promoting the adoption of low-emission travel alternatives among employees.
• Extending the lifespan of devices and encouraging their reuse.

Supply Chain Management

Responsible Procurement

• Business Partner Code of Conduct
• Sustainability requirements in contracts

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events impacting data centers and supply chain.

Transition Risks

• Regulatory changes (GHG taxes, low-emission zones), market shifts (consumer preferences, investor behavior), energy price volatility.

Opportunities

• Focus on sustainability and circular economy creating new business opportunities.

Reporting Standards

Frameworks Used: EU Corporate Sustainability Reporting Directive (CSRD), EU Taxonomy Regulation 2020/852, TCFD

Certifications: Nordic Swan Ecolabel

UN Sustainable Development Goals

• Goal 7 (Affordable and clean energy)
• Goal 12 (Responsible consumption and production)
• Goal 13 (Climate action)
• Goal 5 (Gender equality)
• Goal 8 (Decent work and economic growth)
• Goal 10 (Reduced inequalities)
• Goal 4 (Quality education)
• Goal 16 (Peace, justice and strong institutions)

Initiatives contribute to these goals through emission reductions, sustainable resource management, diversity and inclusion programs, fair labor practices, and promotion of transparency and accountability.

Sustainable Products & Innovation

• Recommerce marketplace promoting circular consumption.