Climate Change Data

Pexip Holding ASA

Climate Impact & Sustainability Data (2021, 2022)

Reporting Period: 2021

Environmental Metrics

Total Carbon Emissions:11,010
Scope 1 Emissions:0
Scope 2 Emissions:4%
Scope 3 Emissions:96%

ESG Focus Areas

  • Environmental
  • Social
  • Governance

Environmental Achievements

  • Became carbon neutral in Scope 1 and Scope 2 from mid-2021 onwards through buying carbon credits.
  • Uses low-carbon and carbon-neutral cloud providers such as Microsoft Azure, Google Cloud Platform, and Amazon Web Services.

Social Achievements

  • 30% of new hires were female in 2021.
  • Established a Wellness initiative to build community and strengthen wellbeing.
  • Trained 60 leaders on the Pexip Way of Leadership, focusing on active mentoring and coaching of employees.

Governance Achievements

  • No breaches of customer privacy in 2021.
  • Independently ISO 27001 certified for Information Security Management.
  • One complaint submitted via the whistleblower channel in 2021, resolved satisfactorily.

Climate Goals & Targets

Medium-term Goals:
  • Net zero emissions by 2030 including scope 3.
Short-term Goals:
  • Focus on unconscious bias training for job descriptions and interview techniques in 2022.
  • Rework the new hire orientation program to combine tutorials with self-paced learning in 2022.

Environmental Challenges

  • Addressing gender diversity and inclusion.
  • Employee Net Promoter Score (eNPS) decreased from 77 in 2020 to 56 in 2021.
  • Managing systemic risks from technology, including service disruptions.
Mitigation Strategies
  • Pexip Diversity taskforce continues to assess, plan and implement initiatives to ensure diversity in recruitment, succession planning and leadership.
  • Addressing the lower eNPS score through more training, increased communication, and more in-person work and events.
  • Implemented a business continuity management system that inherently interconnects with the Company’s crisis management process.

Supply Chain Management

Responsible Procurement
  • Pexip expects that all suppliers comply with our supplier code of conduct terms and conditions, including any environmental, social and governance requirements.

Climate-Related Risks & Opportunities

Opportunities
  • Reducing emissions from travel through video conferencing.

Reporting Standards

Frameworks Used: GRI Standards (core option), SASB Software and IT Services standards

Certifications: ISO 27001

UN Sustainable Development Goals

  • Goal 4: Quality Education
  • Goal 5: Gender Equality
  • Goal 9: Industry Innovation and Infrastructure
  • Goal 11: Sustainable Cities and Communities
  • Goal 12: Responsible Consumption and Production

Pexip's video conferencing solutions contribute to these goals by increasing access to education, promoting work-life balance, reducing travel, enabling virtual meetings, and promoting efficient energy consumption.

Sustainable Products & Innovation

  • Pexip’s video conferencing solutions.

Reporting Period: 2022

Environmental Metrics

Total Carbon Emissions:14843 tCO2e
Scope 1 Emissions:0 tCO2e
Scope 2 Emissions:431 tCO2e
Scope 3 Emissions:14843 tCO2e
Renewable Energy Share:45%
Total Energy Consumption:Not disclosed
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed

ESG Focus Areas

  • People
  • Governance
  • Environmental

Environmental Achievements

  • Reduced indirect emissions (Scope 3) related to travel, IT, and hosting service providers to 14,843 tonnes CO2e (calculated on a market basis).
  • Indirect energy emissions (Scope 2) were 431 tonnes CO2e (calculated on a location basis).

Social Achievements

  • 100% of employees completed Security Awareness Training.
  • Established a wellness initiative with high employee engagement.
  • No work-related illnesses or accidents reported.

Governance Achievements

  • No breaches of customer privacy.
  • No complaints submitted via the whistleblower channel.
  • No confirmed breaches of supplier code of conduct ESG requirements.

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Not disclosed
Short-term Goals:
  • Not disclosed

Environmental Challenges

  • Downsizing of employees in Q2 2022 due to a cost reduction program.
  • Energy crisis in Europe impacting costs for customers and companies.
Mitigation Strategies
  • Prioritized retaining key and skilled employees during downsizing.
  • Utilizing smart scaling and data routing for efficient data processing and bandwidth efficiency to reduce energy consumption.

Supply Chain Management

Supplier Audits: 94 suppliers reviewed in 2022 (above NOK 1 million annualized cost threshold)

Responsible Procurement
  • Supplier Code of Conduct reflecting commitment to sustainability, human rights, and ethical business practices.

Climate-Related Risks & Opportunities

Physical Risks
  • Not disclosed
Transition Risks
  • Not disclosed
Opportunities
  • Not disclosed

Reporting Standards

Frameworks Used: GRI, SASB

Certifications: ISO 27001, ISO 27701

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • SDG 4: Quality Education
  • SDG 5: Gender Equality
  • SDG 9: Industry, Innovation, and Infrastructure
  • SDG 11: Sustainable Cities and Communities
  • SDG 12: Responsible Consumption and Production

Pexip's video conferencing solutions contribute to these goals by reducing travel, improving accessibility, fostering collaboration, and enabling sustainable consumption and production patterns.

Sustainable Products & Innovation

  • Pexip's patented video platform with efficient data processing and bandwidth usage.

Awards & Recognition

  • Not disclosed