Adevinta ASA
Climate Impact & Sustainability Data (2020, 2021, 2022, 2023)
Reporting Period: 2020
Environmental Metrics
ESG Focus Areas
- Circular Economy
- Energy Use and Greenhouse Gas Emissions
- Waste Reduction
- Sustainable Investments and Ownership
- Privacy
- User Safety and Fraud Protection
- Fair Business Practices
- Sustainable Supply Chain
- Diversity and Inclusion
- Skills Development and Knowledge Sharing
- Health and Wellbeing of Employees
- Community Engagement
- Charitable Donations
Environmental Achievements
- Potentially saved 19.1 million tonnes of carbon dioxide emissions through second-hand transactions.
Social Achievements
- Launched Adevinta Avenues, a global career framework.
- Rolled out 'I Love Radical' training to 500 employees on constructive feedback.
- Launched Adevinta Machine Learning Academy, training over 200 employees.
- Achieved 77% overall employee engagement score (6% increase from 2019).
Governance Achievements
- Split Code of Conduct into two documents: Code of Ethical Conduct and Principles of Corporate Responsibility.
- Reviewed and adjusted whistleblowing policy.
- Completed Adevinta’s global human resources system.
Climate Goals & Targets
- Not disclosed
- Not disclosed
- Not disclosed
Environmental Challenges
- Climate change influencing consumer behavior (e.g., shift from combustion engine cars).
- Sustainability regulations and legislation impacting supply chain costs and customer behavior.
- Increased investor interest in ESG matters requiring greater transparency.
- Growth of the digital economy creating new opportunities for fraudsters.
Mitigation Strategies
- Investing in trust-related features (automated ad reviews, user profiles, ratings).
- Deploying anti-fraud capabilities and solutions.
- Developing a Global Procurement policy with sustainability and compliance checks for suppliers.
- Engaging third-party providers for supplier screening.
Supply Chain Management
Supplier Audits: Not disclosed
Responsible Procurement
- Developing a Global Procurement policy with sustainability and compliance checks.
Climate-Related Risks & Opportunities
Physical Risks
- Not disclosed
Transition Risks
- Changes in consumer behavior (e.g., shift from combustion engine cars).
Opportunities
- Not disclosed
Reporting Standards
Frameworks Used: GRI Standards: Core option, Euronext Guidelines for Environmental, Social and Governance (ESG) reporting
Certifications: Null
Third-party Assurance: Not disclosed
UN Sustainable Development Goals
- SDG 12: Responsible Consumption and Production
Second Hand Effect contributes to reducing waste generation and promoting sustainable consumption.
Sustainable Products & Innovation
- Not disclosed
Awards & Recognition
- Not disclosed
Reporting Period: 2021
Environmental Metrics
ESG Focus Areas
- Circular and responsible consumption
- Purpose-driven and inclusive marketplace
- ESG governance, data, and fraud protection
Environmental Achievements
- Users potentially saved 23.7m tonnes of CO2e and 10.9m tonnes of materials through the Second Hand Effect in 2021.
Social Achievements
- Employees from 95 different nationalities; male/female ratio of 59/41.
- Donated around €109,000 to various non-profit organizations, hospitals, and schools.
- Launched Smart Working Policy to enhance flexibility, trust, and empowerment.
Governance Achievements
- Developed a Supplier Code of Conduct addressing human rights, labor rights, environment, anti-corruption, data protection, and information security.
- Conducted a comprehensive internal cybersecurity audit and a third-party assessment on data privacy.
- No confirmed incidents of corruption in 2021.
Climate Goals & Targets
Environmental Challenges
- Growing fraud opportunities in the digital economy.
- Need to harmonize GHG emissions data across operations.
- Data limitations in reporting due to legal restrictions and system misalignment.
Mitigation Strategies
- Investing in anti-fraud capabilities and solutions.
- Implementing a three-phase approach to setting emissions targets (verification, baselining, target setting).
- Developing new data collection structures and improving reporting systems.
Supply Chain Management
Responsible Procurement
- Global Procurement policy with risk-based approach.
- Supplier Code of Conduct.
- Sustainable Sourcing policy.
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: GRI Standards: Core option, Euronext Guidelines for ESG reporting
UN Sustainable Development Goals
- Goal 8 (Decent Work and Economic Growth)
- Goal 13 (Climate Action)
- Goal 15 (Life on Land)
Initiatives such as the Second Hand Effect and community engagement contribute to these goals.
Awards & Recognition
- Sustainability leader in the Dow Jones Sustainability Index (DJSI) Europe.
Reporting Period: 2022
Environmental Metrics
ESG Focus Areas
- Circular Economy
- Data Protection & Safety
- User Privacy, Safety & Fraud Protection
- Good Corporate Governance
- Diverse & Inclusive Workforce
- GHG Emissions & Energy Use
- Responsible Supply Chain Management
- Attract, retain & develop talent
Environmental Achievements
- Developed a GHG data collection and harmonisation protocol and created a GHG calculation tool
- Offset 2021 GHG emissions by purchasing 4,710 Gold Standard verified carbon credits
- Leboncoin won the Sustainable Digital Challenge Gold Prize by migrating data cluster to energy-efficient servers and implementing back-end cleaning
- Published the 2021 Second Hand Effect report highlighting potential savings on emissions and resources from second-hand transactions (28.2m tonnes CO2e saved)
Social Achievements
- Continued building a strong inclusive culture with high scores for diversity, equity, and inclusion in the 2022 engagement survey
- Piloted a purpose-driven leadership programme
- Launched employee assistance programme
- Completed Adevinta Gender Audit and created a three-year gender roadmap
- Held bi-weekly Authentic Allyship Workshops
- Launched a new e-learning management system
- Supported Ukraine at a group level
Governance Achievements
- Defined a process to embed ESG metrics into Adevinta’s main short-term incentive scheme from 2023
- Issued a new Code of Ethical Conduct and ran company-wide training
- Issued a new Speak Up policy
- Launched a Supplier Code of Conduct and complemented existing Anti-Bribery and Corruption policy with Conflict of Interest and Gifts, Hospitality and Entertainment policies
- Included in the Dow Jones Sustainability Index (DJSI) Europe
- Launched a new global cyber security strategy
Climate Goals & Targets
- Transition to renewable energy and reduce GHG emissions
- Set GHG emission reduction targets based on 2022 baseline
- Embed ESG metrics into Adevinta’s main short-term incentive scheme
Environmental Challenges
- Supply chain disruptions (implied)
- Need to improve communication of company vision and taking action based on employee survey results
- Managing the environmental impact of data centers
- Expanding coverage of Scope 3 emissions data
Mitigation Strategies
- Developed alternative sourcing strategies (implied)
- Special focus on communication and action in 2023
- Internalized GHG calculation process, established GHG data collection protocol, and created a GHG calculation tool
- Prioritized nine Greentech best practices for wider adoption
- Working with Adevinta’s IT leadership to create a group-wide greentech strategy
Supply Chain Management
Supplier Audits: Over 200 vendors assessed for security in 2022
Responsible Procurement
- Global Procurement policy
- Supplier Code of Conduct
- Sustainable Sourcing policy
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: GRI Standards: Core option, Euronext Guidelines for ESG reporting
Awards & Recognition
- Dow Jones Sustainability Index (DJSI) Europe
Reporting Period: 2023
Environmental Metrics
ESG Focus Areas
- Circular economy
- GHG emissions and energy use
- Diverse and inclusive workforce
- Data protection and safety
- Good corporate governance
Environmental Achievements
- Established GHG baseline emissions to guide material reduction targets
- Offset 2022 GHG emissions by purchasing 42,938 Gold Standard-verified carbon credits
- Developed and approved a green tech strategy
Social Achievements
- Updated policies and created new programmes in response to findings from our gender audit in 2022
- Launched Adevinta Academy as a one-stop learning platform
- Held second in-person A4E conference
Governance Achievements
- Integrated ESG metrics into short-term management incentive plans
- Integrated control and monitoring mechanisms into our Procurement Quality Governance Framework
- Completed ESG internal audit
Climate Goals & Targets
- Not disclosed
- By 2024, at least 40% of the members of the executive management are women
- Set clear ESG strategies, policies and processes to hit our sustainability targets, including clear targets for reducing our carbon footprint by 2024
- Increase diversity at senior leadership and middle management level, as well as within the product and technology team by 2024
Environmental Challenges
- Challenges in complying with new regulations and directives that form part of the European Green Deal
- Challenges in centralising learning and development due to different teams, countries, and regulations
- Challenges in complying with health and safety regulations due to decentralized placement and disparities in interpretation across jurisdictions
Mitigation Strategies
- Created a roadmap with clear stages for compliance with CSRD and the EU taxonomy
- Launched Adevinta Academy, a learning platform for all employees
- Started a comprehensive review process and drafting a new Global Health and Safety Policy
Supply Chain Management
Supplier Audits: Not disclosed
Responsible Procurement
- Supplier Code of Conduct Policy, Sustainable Sourcing Policy, Global Procurement Policy
Climate-Related Risks & Opportunities
Physical Risks
- Not disclosed
Transition Risks
- Regulatory changes
Opportunities
- Development of energy-efficient products
Reporting Standards
Frameworks Used: GRI Standards: Core option, CSRD (partially), EU Taxonomy (partially)
Certifications: Null
Third-party Assurance: Not disclosed
UN Sustainable Development Goals
- Not disclosed
Not disclosed
Sustainable Products & Innovation
- Not disclosed
Awards & Recognition
- Not disclosed