Climate Change Data

GreenMobility A/S

Climate Impact & Sustainability Data (2020, 2021, 2022, 2023)

Reporting Period: 2020

Environmental Metrics

Total Carbon Emissions:98.01 tonnes CO2e
Scope 2 Emissions:98.01 tonnes CO2e
Total Energy Consumption:904.2 MWh

ESG Focus Areas

  • Climate Change
  • Diversity & Inclusion
  • Governance
  • Responsible Business Conduct
  • Urban Mobility

Environmental Achievements

  • Reached operational profitability in Copenhagen as the first carsharing provider with a solely sustainable car fleet.
  • Avoided 774.7 tonnes of CO2 emissions from electric vehicle fleet in 2020 (compared to 702.15 tonnes in 2019).

Social Achievements

  • Launched three new policies: Human and Labour Rights Policy, Diversity Policy, and an Anti-corruption Policy.
  • Achieved 82.1 employee satisfaction index (out of 100).
  • Provided free carsharing service to medical staff during the COVID-19 pandemic (2,329 trips).

Governance Achievements

  • Became a member of the United Nations Global Compact.
  • Transferred to Nasdaq Copenhagen Main Market.
  • Implemented a two-tier governance structure.

Climate Goals & Targets

Medium-term Goals:
  • Enter 35 cities across Europe with a total fleet of +10,000 electric vehicles by 2025.
  • Reduce more than 40,000 private vehicles from the streets in our cities by 2025.
Short-term Goals:
  • Save more than 20,000 tonnes of CO2 emissions by 2025.

Environmental Challenges

  • Scope 3 emissions calculations.
  • Ensuring supplier compliance with human rights and labor standards.
  • Managing risks related to growth in countries with varying levels of corruption.
Mitigation Strategies
  • Plans to start measuring employee commuting, business travels, office supplies, and end-of-life treatment of sold products in 2021.
  • Plans to establish a compliance assessment in 2021 for all employees with supplier contact.
  • Plans to host an internal anti-corruption workshop in 2021 for all new offices.

Supply Chain Management

Supplier Audits: 68% of suppliers signed the Supplier’s Code of Conduct.

Responsible Procurement
  • Supplier’s Code of Conduct emphasizing UN Global Compact’s 10 principles.

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: UN Global Compact

UN Sustainable Development Goals

  • SDG 7
  • SDG 8
  • SDG 11
  • SDG 12
  • SDG 13
  • SDG 17

The report details how GreenMobility's initiatives contribute to these goals through its business model and operations.

Sustainable Products & Innovation

  • GreenMobility Business app

Reporting Period: 2021

Environmental Metrics

Total Carbon Emissions:132.62 tCO2e/year (Scope 2)
Scope 2 Emissions:132.62 tCO2e/year
Total Energy Consumption:1,036 MWh/year

ESG Focus Areas

  • Climate Change
  • Social Impact
  • Governance

Environmental Achievements

  • Avoided emissions in 2021: 1,353 tonnes CO2 (2020: 745 tonnes)
  • 100% Sustainable Company according to EU Taxonomy
  • 96% reuse of Zoe cars that cannot re-enter the fleet.

Social Achievements

  • Expanded service to Brussels, Amsterdam, and prepared launch in Düsseldorf and Cologne.
  • Acquired Twist Mobility GmbH in Germany and Fetch Mobility B.V. in the Netherlands.
  • 14 nationalities represented among staff.

Governance Achievements

  • Continued support and commitment to the UN Global Compact.
  • No breaches concerning anti-corruption or human and labor rights in 2021.

Climate Goals & Targets

Medium-term Goals:
  • Save more than 20,000 tonnes of CO2 emissions by 2025.
  • Enter 35 cities across Europe with a total fleet of +10,000 electric vehicles by 2025.
  • Reduce more than 40,000 private vehicles from the streets in our cities by 2025.
Short-term Goals:
  • Conduct employee satisfaction survey across all offices in 2022.

Environmental Challenges

  • Energy-intensive production of electric vehicles and batteries.
  • Potential for supply chain disruptions related to human and labor rights and corruption in new markets.
Mitigation Strategies
  • Selecting suppliers with high environmental standards and ambitious climate targets.
  • Ensuring new suppliers sign a code of conduct covering human and labor rights and anti-corruption.
  • Continuous dialogue with energy suppliers regarding renewable energy sources.

Supply Chain Management

Responsible Procurement
  • Supplier’s Code of Conduct emphasizing UN Global Compact’s 10 principles.

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: UN Global Compact

UN Sustainable Development Goals

  • SDG 7
  • SDG 8
  • SDG 9
  • SDG 11
  • SDG 12
  • SDG 13
  • SDG 17

GreenMobility's initiatives contribute to these goals through reduced emissions, improved urban mobility, responsible consumption and production, and sustainable cities and communities.

Reporting Period: 2022

Environmental Metrics

Total Carbon Emissions:449.07 tCO2e (Scope 2)
Scope 2 Emissions:449.07 tCO2e
Scope 3 Emissions:6,092.82 tCO2e
Total Energy Consumption:3,337 MWh

ESG Focus Areas

  • Climate Change
  • Social Responsibility
  • Governance

Environmental Achievements

  • Avoided emissions of 2,036 tonnes of CO2 in 2022 (2020: 745 tonnes) by substituting ICE transportation with EV transportation.
  • 96% reuse of Zoe cars that cannot re-enter the fleet.
  • Launched business in Düsseldorf and Cologne, Germany with 300 new electric vehicles.

Social Achievements

  • 86% employee satisfaction.
  • 14 nationalities represented among employees.
  • No breaches concerning human and labor rights in 2022.

Governance Achievements

  • No breaches concerning anti-corruption in 2022.
  • Implemented a remuneration policy for the board and management.
  • Board composition includes international competencies.

Climate Goals & Targets

Medium-term Goals:
  • Save more than 20,000 tonnes of CO2 emissions by 2030.
  • Enter 35 cities across Europe with a fleet of +10,000 electric vehicles by 2030.
  • Reduce more than 40,000 private vehicles from the streets in our cities by 2030.
Short-term Goals:
  • Further expand Scope 3 emissions calculations in 2023.

Environmental Challenges

  • Energy-intensive production of electric vehicles and batteries.
  • Risks related to human and labor rights in the supply chain.
  • Risks related to corruption in new markets.
Mitigation Strategies
  • Selecting suppliers with high environmental standards and ambitious climate targets.
  • Requiring new suppliers to sign a code of conduct covering human and labor rights.
  • Being attentive when engaging new suppliers to mitigate corruption risks.

Supply Chain Management

Responsible Procurement
  • Supplier Code of Conduct emphasizing UN Global Compact principles.

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: UN Global Compact

UN Sustainable Development Goals

  • SDG 7
  • SDG 8
  • SDG 11
  • SDG 12
  • SDG 13
  • SDG 17

GreenMobility's initiatives contribute to these SDGs through reduced emissions, improved urban mobility, responsible consumption, and sustainable cities.

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:572.22 tCO2e (Scope 1 and 2)
Scope 2 Emissions:572.22 tCO2e
Scope 3 Emissions:44.74 tCO2e
Total Energy Consumption:3,383.51 MWh

ESG Focus Areas

  • Environmental Sustainability
  • Social Impact
  • Corporate Governance

Environmental Achievements

  • Reduced CO2 emissions by 2.228 tonnes in 2023 (compared to 2.036 tonnes in 2022), contributing to a total reduction of more than 7,000 tonnes since launch. Recycling of car spare parts; almost nothing goes to landfill. EV batteries are reused or resold.
  • Avoided emissions of 2,228 tonnes of CO2 in 2023 (compared to 2,036 tonnes in 2022) through the use of electric vehicles.

Social Achievements

  • Maintained a diverse workforce with 13 nationalities. Employee satisfaction survey showed 85% satisfaction in 2023 (86% in 2022).
  • 98% increase in customers and 40% increase in trips in Belgium.

Governance Achievements

  • No breaches of Human and Labour Rights Policy or Anti-corruption Policy in 2023.
  • Maintained a transparent management structure and governance documents available on the website.
  • Completed a capital increase with gross proceeds of DKK 26.2 million.

Climate Goals & Targets

Short-term Goals:
  • Reach group profitability in 2024.

Environmental Challenges

  • Macro-economic factors such as inflation and rising interest rates increased operational costs.
  • Negative trend in residual values of used electric vehicles due to price cuts on new EV models.
  • Slower than expected revenue uptake in new markets.
  • Increased energy costs in the beginning of 2023.
Mitigation Strategies
  • Closed markets in Sweden and Germany to focus on more profitable markets.
  • Achieved positive operational cash flow on the continuing business.
  • Closed operations in The Netherlands and Finland to source cars from markets with lower revenue per car.
  • Sourced 50 new Polestars into the Copenhagen fleet, mitigating residual value risks through leasing company partnerships.
  • Introduced and subsequently removed an energy fee to customers.
  • Substantial investment in the Danish market to reach profitability in 2024.
  • Cost reduction measures across GreenMobility group.

Supply Chain Management

Responsible Procurement
  • Supplier’s Code of Conduct emphasizing UN Global Compact principles.

Climate-Related Risks & Opportunities

Transition Risks
  • Changes in energy costs
  • Changes in prices of electric cars
Opportunities
  • Increased demand for sustainable shared mobility.

Reporting Standards

Frameworks Used: GHG Protocol

UN Sustainable Development Goals

  • SDG 7
  • SDG 8
  • SDG 11
  • SDG 12
  • SDG 13
  • SDG 17

GreenMobility's initiatives contribute to these goals through reduced emissions, sustainable transportation, improved urban mobility, responsible consumption, climate action, and partnerships.