Advisense
Climate Impact & Sustainability Data (2023)
Reporting Period: 2023
Environmental Metrics
Total Carbon Emissions:2068 tCO2e
Scope 1 Emissions:1385 tCO2e
Scope 2 Emissions:16.6 tCO2e
Scope 3 Emissions:689.5 tCO2e
Renewable Energy Share:16.6%
Total Energy Consumption:993.1 MWh
ESG Focus Areas
- Our Workforce
- Data Security
- Climate Change
- Business Conduct
Environmental Achievements
- Completed first Group-wide carbon accounting in 2023, laying the foundation for setting Science Based Targets on emissions.
- Scope 1 & 2: 42% reduction in absolute emissions by 2030 from a 2022 baseline year (SBTi).
Social Achievements
- Established Work Environment Groups in each country of operation.
- Implemented a new HR system (“HiBob”) to provide more comprehensive employee data.
Governance Achievements
- Conducted first double materiality assessment.
- Revised Sustainability Policy and appointed a global Head of Sustainability.
Climate Goals & Targets
Long-term Goals:
- Achieving climate neutrality by 2050.
Medium-term Goals:
- Scope 1 & 2: 42% reduction in absolute emissions by 2030 from a 2022 baseline year (SBTi).
Short-term Goals:
- Reducing the combined absolute emissions from commuting and business travel by minimum 2% annually from a 2022 baseline year.
Environmental Challenges
- Scope 3 emissions (majority of total emissions) including capital goods, purchased goods and services, business travel and commuting.
- Risks of long working hours and fluctuating workloads impacting employee well-being.
- Potential for breaches in data security and privacy.
- Potential for ethical violations and regulatory non-compliance.
Mitigation Strategies
- Established targets for Scope 3 emission reduction (reducing commuting and business travel emissions by minimum 2% annually).
- Providing mental health support, coaching, and opportunities for rehabilitation.
- Implemented a Data Security and Privacy framework, including Privacy Policy, Information Security Policy, and IT policy.
- Robust policy framework (Corporate Governance, Whistleblowing, Tax, Conflict-of-Interest, and Code of Conduct) and training programs.
Supply Chain Management
Climate-Related Risks & Opportunities
Physical Risks
- Supply chain disruptions due to physical risks in regions producing vital IT components.
- Unsustainable extraction and recycling practices threatening long-term availability of materials for IT equipment.
Transition Risks
- Reputational risks and undermining position as trusted advisors from failing to address climate change.
Opportunities
- Helping businesses navigate policy and legal risks arising from the climate transition.
Reporting Standards
Frameworks Used: CSRD, ESRS
UN Sustainable Development Goals
- SDG 13 (Climate Action)
Emissions reduction targets are in line with the goals of the Paris Agreement.