Climate Change Data

Solaris SE

Climate Impact & Sustainability Data (2022, 2023)

Reporting Period: 2022

Environmental Metrics

Total Carbon Emissions:7001.11 tCO2e
Scope 1 Emissions:21.87 tCO2e
Scope 2 Emissions:27.89 tCO2e
Scope 3 Emissions:6951.35 tCO2e
Renewable Energy Share:100% in Berlin office

ESG Focus Areas

  • Climate change
  • Gender equality, diversity and inclusion
  • Anti-corruption

Environmental Achievements

  • Started tracking group-wide carbon emissions with Plan A, following the Greenhouse Gas (GHG) Protocol.
  • Berlin office uses 100% renewable energy.

Social Achievements

  • Launched employee-initiated Diversity, Equity & Inclusion (DE&I) program and Futura women’s network.
  • Organized a year-end charity campaign at different Solaris Group locations.

Governance Achievements

  • Implemented a corporate Anti-Bribery and Corruption (ABC) policy.
  • Implemented a Code of Conduct, Whistleblowing Policy, and Solaris Security Handbook.

Climate Goals & Targets

Long-term Goals:
  • Achieve carbon neutrality for Scope 1, 2 & 3 by 2030
  • 30% women representation across all levels by 2024
Medium-term Goals:
  • Reduce group carbon footprint by 60% by 2027
  • 50% use of green energy in facilities
  • Offset 100% business travels
Short-term Goals:
  • Reduce group footprint per employee by 30%
  • Increase green office commuting by 50%
  • Reach employee NPS to 25
  • Initiate and finalize gender pay gap analysis

Environmental Challenges

  • Impact of the war in Ukraine on the economy and energy security.
  • Need to optimize carbon tracking processes and improve data accuracy.
  • Need to engage suppliers and providers in decarbonization targets.
Mitigation Strategies
  • Implemented a remote-friendly policy to minimize impact of the war in Ukraine.
  • Developing a Third-party Risk Assessment and incorporating ESG criteria into procurement and outsourcing policies.
  • Formulating a Group Travel Policy to favor train over flight for domestic and short-haul business trips.

Supply Chain Management

Responsible Procurement
  • Implementing a dedicated supplier analysis procedure
  • Incorporating ESG criteria in outsourcing and procurement policy

Climate-Related Risks & Opportunities

Physical Risks
  • Damage to physical assets due to natural disasters
Opportunities
  • Engaging with partners in green or sustainable credit and lending financing

Reporting Standards

Frameworks Used: Deutscher Nachhaltigkeits-Kodex (DNK), Non-Financial Reporting Directive (NFRD), Greenhouse Gas (GHG) Protocol

Sustainable Products & Innovation

  • Recyclable payment cards
  • Green investment tools offered through partnerships

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:9224.42 tCO2e/year
Scope 1 Emissions:29.47 tCO2e/year
Scope 2 Emissions:88.95 tCO2e/year
Scope 3 Emissions:9105.97 tCO2e/year
Renewable Energy Share:100% in Berlin and London offices
Carbon Intensity:83.25 tCO2e per million EUR revenue in 2023; 11.36 tCO2e per FTE in 2023

ESG Focus Areas

  • Nature
  • People
  • Business

Environmental Achievements

  • Offset 100% of business travel emissions since March 2023, totaling 60 tCO2e (81% of total business travel); purchased 65 carbon credits in December 2023.
  • Berlin and London offices used 100% renewable energy.
  • Waste reduction and recycling initiatives implemented in most office locations.

Social Achievements

  • Launched Group Volunteering Day policy, enabling employees to volunteer for two days per year.
  • Conducted a gender pay gap analysis.
  • Expanded commitment to diversity, equity, and inclusion through Employee Resource Groups (ERGs).

Governance Achievements

  • Implemented a Group Compliance function to monitor and control implementation of control systems.
  • Implemented Group Anti-Bribery and Corruption (ABC) policy.
  • Enhanced Third-Party Risk Assessments (TPRA) to incorporate ESG criteria.

Climate Goals & Targets

Long-term Goals:
  • Achieve carbon neutrality for Scope 1, 2 & 3 by 2030
Medium-term Goals:
  • Reduce emissions by 60% by 2027
  • Achieve minimum 30% women representation across all levels by 2025
Short-term Goals:
  • Reduce emissions by 30% by 2025
  • Offset 100% of business travels by 2025
  • Reach eNPS of 10 in 2024

Environmental Challenges

  • Increased total emissions in 2023 compared to 2022 due to increased spend on purchased goods and services and improved data availability.
  • Largest source of emissions is from purchased goods and services (Scope 3).
  • Decreased employee Net Promoter Score (eNPS).
Mitigation Strategies
  • Investing in nature-based afforestation projects to offset unavoidable emissions.
  • Gradually switching to renewable energy providers in offices.
  • Implementing waste reduction and recycling initiatives.
  • Developing mitigation plans to address gender pay gap.
  • Taking actions to identify root causes of decreased eNPS and implement improvement actions.

Supply Chain Management

Responsible Procurement
  • ESG criteria incorporated into group’s outsourcing and procurement policy.

Climate-Related Risks & Opportunities

Physical Risks
  • Severe weather
  • Extreme temperatures
  • Air pollution
  • Storms
  • Power outages
  • Water system breakdowns
Transition Risks
  • Increasing price of carbon credits
Opportunities
  • Development of energy-efficient products
  • Green investments

Reporting Standards

Frameworks Used: GRI Universal Standards 2021, Greenhouse Gas (GHG) Protocol

Third-party Assurance: Third-party limited assurance (refer to Solaris Group Management Report 2023)

Sustainable Products & Innovation

  • Recyclable bank cards