Climate Change Data

SmartCraft ASA

Climate Impact & Sustainability Data (2023)

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:690.3 tCO2e/year
Scope 1 Emissions:5.8 tCO2e/year
Scope 2 Emissions:5.7 tCO2e/year
Scope 3 Emissions:679 tCO2e/year
Renewable Energy Share:85%
Total Energy Consumption:594.4 MWh/year
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Climate Change
  • Energy Management
  • Human Rights
  • Responsible Value Chain Management
  • Diversity & Inclusion

Environmental Achievements

  • Reduced energy consumption to 594 MWh in 2023 from 600.9 MWh in 2022.
  • Increased renewable energy share to 85% in 2023 from 79% in 2022.

Social Achievements

  • No work-related incidents or severe human rights impact and incidents reported in 2023.
  • One complaint received and investigated through SmartCraft’s whistleblowing channel.

Governance Achievements

  • Maintained Board gender diversity at 43% women and 57% men.
  • Zero reported incidents of corruption or bribery in 2023.

Climate Goals & Targets

Long-term Goals:
  • Become Net Zero by 2050.
Medium-term Goals:
  • Enable customers to substantially reduce their environmental impact with digital solutions within five years.
  • Achieve 100% renewable energy by 2030.
Short-term Goals:
  • Reduce Scope 3 emissions to achieve Net Zero by 2050.
  • Implement a climate action plan in 2024.

Environmental Challenges

  • Rising electricity prices and more expensive insurance due to changing weather conditions.
  • Volatility of energy prices and current landlord agreements slowing down the change to new green energy agreements.
  • Ensuring suppliers meet ESG standards.
Mitigation Strategies
  • Developing an action plan in 2024 to reduce emissions.
  • Improving energy efficiency in facilities and promoting the use of green energy.
  • Prioritizing suppliers with a commitment to ESG in 2024.
  • Minimizing suppliers’ transport by placing collective orders.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Supplier Code of Conduct
  • Transparency survey for suppliers

Climate-Related Risks & Opportunities

Physical Risks
  • Flooding
  • Storms
  • High temperatures
Transition Risks
  • Rising energy prices
  • Increased insurance costs
Opportunities
  • Energy efficiency improvements
  • Influencing landlords to sign green energy agreements

Reporting Standards

Frameworks Used: ESRS, CSRD, GHG Protocol

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • SDG 13 (Climate Action)
  • SDG 9 (Industry, Innovation, and Infrastructure)
  • SDG 8 (Decent Work and Economic Growth)

SmartCraft's initiatives contribute to these goals through climate policy implementation, sustainable digital solutions for construction, and promotion of decent work and human rights.

Sustainable Products & Innovation

  • Digital solutions enabling customers to reduce environmental impact.

Awards & Recognition

  • Not disclosed