Climate Change Data

Recharge Infra AS

Climate Impact & Sustainability Data (2023)

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:15,093 tons CO2e (Scope 3; uncertain, may be restated)
Scope 1 Emissions:0
Scope 2 Emissions:3443 tCO2e (market-based; offset)
Scope 3 Emissions:15,093 tons CO2e
Renewable Energy Share:100% (electricity purchased)
Total Energy Consumption:Not disclosed
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:Recharge Carbon Intensity (gCO2e/kWh delivered)

ESG Focus Areas

  • Climate change
  • Workforce diversity
  • Business conduct

Environmental Achievements

  • Scope 1 and market-based Scope 2 emissions are net zero. Reduced Scope 2 emissions from office electricity to 18 tCO2e.
  • Delivered close to 80 gigawatts hours (GWh) of zero-emission clean energy to customers.
  • Installed almost 400 chargers using foundations made from recycled plastics.

Social Achievements

  • Leadership KPI score of 90% at the end of 2023.
  • Employee engagement KPI of 77% in 2023.
  • Developed a diversity and inclusion policy.
  • 27% of workforce are women as of December 31st, 2023; 39% of new recruits in 2023 were women.

Governance Achievements

  • Zero breaches of anti-bribery, corruption, and anti-fraud policy in 2023.
  • One incident reported and managed according to the Whistleblowing policy in 2023.
  • Active participation in nine industry organizations in 2023.

Climate Goals & Targets

Long-term Goals:
  • Net zero CO2 emissions by 2035.
Medium-term Goals:
  • Not disclosed
Short-term Goals:
  • Increase data quality and availability related to climate strategy.
  • Establish procurement policy on suppliers’ carbon footprint strategies.
  • Achieve 100% load balancing on site level by 2025.
  • At least 30% female share across the whole organization by 2024.

Environmental Challenges

  • Complex global supply chain with uncertainties and risks.
  • Data availability and reliability uncertainties related to Scope 3 emissions.
  • Balancing growth goals with sustainability goals.
  • Potential human rights violations in the hardware supply chain.
  • Risk of reputational loss due to supply chain issues.
  • Lack of overview of tier 2 suppliers and beyond.
  • Meeting customer expectations and upgrading legacy infrastructure.
  • Potential for corruption and bribery in supply chains.
Mitigation Strategies
  • Conducting climate risk assessments (TCFD aligned).
  • Developing a climate roadmap with specific emission reduction measures.
  • Engaging with suppliers to obtain high-quality data and align with net-zero goals.
  • Implementing due diligence assessments in accordance with the Norwegian Transparency Act.
  • Supplier screening questionnaires and risk assessments.
  • Investing in leadership training and employee development.
  • Developing policies and guidelines (e.g., whistleblowing, HSE, anti-corruption).
  • Working with industry associations for standardization and transparency.
  • Launching Recharge app and rolling out card payment terminals.

Supply Chain Management

Supplier Audits: Annual due diligence assessments; supplier self-assessment surveys.

Responsible Procurement
  • Supplier Code of Conduct
  • Transparency Act compliance

Climate-Related Risks & Opportunities

Physical Risks
  • Extreme weather events affecting operations and supply chain
Transition Risks
  • Unpredictable regulatory conditions
  • High increase in regulations and compliance related to sustainability
Opportunities
  • Increased demand and revenue from EV adoption
  • Improved grid utilization and reduced costs

Reporting Standards

Frameworks Used: GRI Universal Standard 2021, TCFD

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • Smart energy solutions

Awards & Recognition

  • Not disclosed