Climate Change Data

Foxway Holding AB (publ)

Climate Impact & Sustainability Data (2022-09-01 to 2023-08-31, 2023)

Reporting Period: 2022-09-01 to 2023-08-31

Environmental Metrics

Total Carbon Emissions:Not disclosed
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:Not disclosed
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Circular Economy
  • Climate Change
  • Waste Reduction

Environmental Achievements

  • Avoided 254 kg CO2e emissions per refurbished laptop compared to purchasing a new one.

Social Achievements

  • Not disclosed

Governance Achievements

  • Not disclosed

Climate Goals & Targets

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

Environmental Challenges

  • Increasing amounts of e-waste and low collection and recycling rates.
Mitigation Strategies
  • Extending the service life of ICT products through refurbishment and resale.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Not disclosed

Climate-Related Risks & Opportunities

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

Reporting Standards

Frameworks Used: ISO 14040, ISO 14067

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • Refurbished laptops

Awards & Recognition

  • Not disclosed

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:426,078.7 tCO2e/year
Scope 1 Emissions:246.6 tCO2e/year
Scope 2 Emissions:188.1 tCO2e/year
Scope 3 Emissions:425,643.9 tCO2e/year
Renewable Energy Share:87%
Total Energy Consumption:4663.7 MWh/year
Water Consumption:Not disclosed
Waste Generated:1299 tons/year
Carbon Intensity:0.67 tCO2e/Mn€ revenue

ESG Focus Areas

  • Climate change
  • Circular economy
  • Resource scarcity
  • Employee diversity, equity & inclusion
  • Responsible supply chain management

Environmental Achievements

  • Reduced carbon intensity by 15%
  • Reduced Scope 1 & 2 CO2e emissions from 857 tCO2e to 434 tCO2e (49% reduction)
  • Increased annual sourcing of renewable electricity to 87% (40% increase from 47%)
  • Repaired, collected and reused 2,389,915 devices (+160%)
  • Avoided 290,729 tons of CO2e (+241%)

Social Achievements

  • Launched Teqcycle brand of refurbished devices
  • Improved onboarding processes and enhanced leadership training
  • Launched Foxway Awards program
  • Achieved employee engagement score of 71.8 out of 100
  • Introduced Foxway Culture Playbook

Governance Achievements

  • Updated Foxway Code of Conduct
  • Implemented a 'read and approve' initiative for the Code of Conduct
  • Improved ESG governance model to establish clear accountability
  • Performed a double materiality assessment according to the CSRD framework
  • Completed an extended climate risk assessment according to the TCFD standard

Climate Goals & Targets

Long-term Goals:
  • Reduce Scope 1, 2 & 3 emissions by 90% by 2050 from a 2022 base year
Medium-term Goals:
  • Not disclosed
Short-term Goals:
  • Reduce absolute Scope 1 and 2 GHG Emissions by 42% by 2030 from a 2022 base year
  • Reduce absolute Scope 3 GHG emissions by 25% by 2030 from a 2022 base year
  • Increase annual sourcing of renewable electricity to 100% by 2030

Environmental Challenges

  • 4% increase in total CO2e emissions compared to 2022 despite 21% revenue increase
  • Increased production footprint impacting handprint data
  • Difficulty in proving lowest footprint of refurbished devices due to lack of industry data
  • Challenges in measuring impact on digital inequality
  • Supply chain disruptions due to resource scarcity
Mitigation Strategies
  • Developed a carbon reduction plan to reach short-term targets
  • Set science-based targets (pending SBTi validation)
  • Implementing initiatives to reduce Scope 3 emissions
  • Improving data collection and automation for more accurate reporting
  • Implementing a new supply risk management software

Supply Chain Management

Supplier Audits: 2 audits completed in 2023

Responsible Procurement
  • New Sustainable Procurement Policy
  • Updated Supplier Code of Conduct
  • Implementation of supply risk management software

Climate-Related Risks & Opportunities

Physical Risks
  • Extreme weather events (storms, floods)
  • Resource scarcity
Transition Risks
  • Regulatory changes promoting closed-loop models
  • Increased demand for critical minerals
Opportunities
  • Increased demand for circular services
  • Development of lower-carbon tech devices

Reporting Standards

Frameworks Used: GRI Standards, TCFD, CSRD

Certifications: ISO 9001, ISO 14001, ISO 27001, ISO 45001

Third-party Assurance: MOORE KLN AB

UN Sustainable Development Goals

  • SDG 7 (Affordable and clean energy)
  • SDG 8 (Decent work and economic growth)
  • SDG 9 (Industry, innovation and infrastructure)
  • SDG 12 (Responsible consumption and production)
  • SDG 13 (Climate action)

Foxway's activities contribute to these goals through its circular business model, renewable energy use, and focus on reducing e-waste.

Sustainable Products & Innovation

  • Teqcycle refurbished devices

Awards & Recognition

  • Not disclosed