SkiStar AB (publ)
Climate Impact & Sustainability Data (2021-09 to 2022-08, 2022-09-01 to 2023-08-31)
Reporting Period: 2021-09 to 2022-08
Environmental Metrics
Total Carbon Emissions:127,274 tonnes of CO2e/year
Scope 1 Emissions:870.8 tCO2e/year
Scope 2 Emissions:131 tCO2e/year
Scope 3 Emissions:126,272 tCO2e/year
Renewable Energy Share:88% of total fuel consumption
Total Energy Consumption:85,974 MWh/year
Water Consumption:5,165,564 m3/year
Waste Generated:6 tonnes of litter collected in one day
Carbon Intensity:1 tonne CO2e/SEK m revenue (based on S1+S2 and fuel and energy-related activities from Scope 3)
ESG Focus Areas
- Promoting an active lifestyle
- Protecting nature and mountain environments
- Close interaction with communities
Environmental Achievements
- 57% reduction in CO2 emissions in SkiStar’s operations compared to 2020/21 (due to climate investments in SkiStar Norge, transitioning all snow groomers to HVO100 renewable fuel)
- 88% of total fuel consumption from fossil-free fuel (increase of 25% compared to 2020/21)
- Introduction of the world's first production electric snowmobiles in Sälen
Social Achievements
- 95,000 children and adults participated in ski schools (increase from previous year)
- Over 41,000 children attended Valle’s Ski School
- New collaboration with SOK (Swedish Olympic Committee) for SkiStar Olympic Youth Camp
- Valle Kids Club launched, with over 340 children participating
- Successful Tjejmilen race in Sälen with 1,038 participants
- Partnership with Keep Sweden Tidy and Keep Norway Beautiful to reduce littering (32,469 items of litter collected)
Governance Achievements
- Updated sustainability policy
- Suppliers accounting for 75% of SkiStar’s total debited amounts approved the Code of Conduct
- Risk assessment of the company’s supplier base launched
- Updated Supplier and Partner Code of Conduct
- Anonymous whistleblower function available
Climate Goals & Targets
Long-term Goals:
- Net-zero climate impact from operations by 2030
Medium-term Goals:
- Reduce total carbon footprint by 50% compared to 2020/21 by 2030
- Halve climate impact from guests’ and employees’ journeys by 2030
- Achieve 3-4% annual energy efficiency enhancement at SkiStar’s properties by 2030
- Increase share of self-produced energy by 2030
- Reduce EQPE brand’s carbon footprint by 50% per product by 2030
Short-term Goals:
- Not disclosed
Environmental Challenges
- Climate change impacting winter operations and snow conditions
- Challenges for guests coming by electric car to destinations
- Need to reduce guests’ climate impact from travel to destinations
- Litter in mountain areas
Mitigation Strategies
- Development of Science Based Targets aligned with the Paris Agreement
- Climate investments (e.g., HVO100 fuel for snow groomers, electric snowmobiles)
- Increased energy efficiency measures
- Establishment of mobile electric charging stations
- Collaboration with Jämtkraft to develop charging infrastructure
- Promoting sustainable travel alternatives
- Partnership with Keep Sweden Tidy and Keep Norway Beautiful for litter cleanup
Supply Chain Management
Supplier Audits: Risk assessment of main suppliers launched
Responsible Procurement
- Supplier and Partner Code of Conduct; purchasing directive considering sustainability aspects
Climate-Related Risks & Opportunities
Physical Risks
- Warmer winters, shorter winter season, stronger winds, warmer summers, more precipitation
Transition Risks
- Increased regulation, taxes, and charges on CO2 emissions; requirements for zero emissions throughout the value chain; need for new business models and technologies
Opportunities
- Increased use of renewable energy and self-produced solar energy; greater demand for innovation and new technology; more tourism if Scandinavian facilities have a geographical advantage
Reporting Standards
Frameworks Used: GRI Standards, Core Option
Certifications: BREEAM 'very good' status for larger new buildings; SGBC Silver for smaller buildings
Third-party Assurance: PwC
UN Sustainable Development Goals
- Goal 3 (Good Health and Well-being)
- Goal 6 (Clean Water and Sanitation)
- Goal 7 (Affordable and Clean Energy)
- Goal 8 (Decent Work and Economic Growth)
- Goal 13 (Climate Action)
SkiStar's initiatives contribute to these goals through promoting active lifestyles, reducing water and energy consumption, creating jobs in rural communities, and reducing its climate impact.
Sustainable Products & Innovation
- EQPE brand focusing on sustainable production
Awards & Recognition
- Not disclosed
Reporting Period: 2022-09-01 to 2023-08-31
Environmental Metrics
Total Carbon Emissions:150,466 tCO2e/year
Scope 1 Emissions:852 tCO2e/year
Scope 2 Emissions:49 tCO2e/year
Scope 3 Emissions:149,566 tCO2e/year
Renewable Energy Share:100% (electricity)
Total Energy Consumption:76,866 MWh/year
Water Consumption:4,354,031 m3/year
Waste Generated:Nearly 8 tons/year (litter collected)
Carbon Intensity:0.8 tonnes CO2e/SEK m revenue (2022/23)
ESG Focus Areas
- Promoting an active lifestyle
- Protecting nature and mountain environments
- Close interaction with society
Environmental Achievements
- 56% CO2 reduction in SkiStar's operations compared with base year 2020/21.
- Reduced electricity consumption by 10% compared with the previous year.
- Four new solar panel installations in Sälen.
- 91% of total fuel consumption from fossil-free fuel.
Social Achievements
- Launched 'SkiStar for All' project to improve accessibility for differently abled guests.
- Increased activity days by 16% compared to the previous year.
- Offered free SkiPass/Bike and TrailPass to children and young people in local municipalities.
- Valle app launched to encourage children's outdoor activity.
Governance Achievements
- Science Based Targets (SBT) approved by SBTi.
- Developed a risk assessment of the company’s supplier base.
- All new suppliers approved SkiStar’s Supplier and Partner Code of Conduct.
Climate Goals & Targets
Long-term Goals:
- Net-zero carbon footprint from operations by 2030.
Medium-term Goals:
- 7 million skier days and activity days by 2030.
- 50% reduction in carbon footprint across the value chain by 2030.
- 125 top suppliers to have climate targets by 2027/28.
- 50% reduction in carbon footprint from guest and employee travel by 2030.
- 25% reduction in emissions from fuel and energy-related activities and waste by 2030.
- Increased proportion of self-produced energy by 2030.
Short-term Goals:
- Not disclosed
Environmental Challenges
- Climate change impacting winter operations (reduced snowfall, unstable weather).
- Majority of emissions (52.1%) from guest travel to destinations.
- Litter increase in mountain areas despite information campaigns.
- Risks related to human rights and workers' rights in the supply chain (particularly EQPE).
Mitigation Strategies
- Developed Science Based Targets to reduce climate impact.
- Investing in renewable energy (solar panels, wind power).
- Improving energy efficiency in operations.
- Expanding charging infrastructure for electric vehicles.
- Promoting sustainable travel alternatives.
- Working with suppliers to reduce emissions and improve sustainability practices.
- Risk assessment of supplier base to identify and mitigate human rights risks.
Supply Chain Management
Supplier Audits: 83% of suppliers approved Code of Conduct
Responsible Procurement
- Supplier and Partner Code of Conduct; risk assessment of supplier base; purchasing directives considering sustainability and competition laws.
Climate-Related Risks & Opportunities
Physical Risks
- Warmer winters, shorter winter season, stronger winds, warmer summers, more precipitation
Transition Risks
- Increased regulation, taxes, and fees on carbon emissions; need for zero emissions throughout the value chain; changes in business models; energy volatility and higher prices; need for new technology.
Opportunities
- Continued operation of mountain destinations; increased use of renewable energy; greater demand for innovation and new technology.
Reporting Standards
Frameworks Used: GRI Standards, Core Option
Certifications: BREEAM 'very good' for larger new buildings; SGBC Silver for smaller buildings
Third-party Assurance: Deloitte AB (Limited Assurance)
UN Sustainable Development Goals
- Goal 3 (Good Health and Well-being)
- Goal 7 (Affordable and Clean Energy)
- Goal 13 (Climate Action)
Initiatives related to promoting active lifestyles, renewable energy, and emissions reductions contribute to these goals.
Sustainable Products & Innovation
- EQPE clothing brand with focus on sustainable materials and production; SkiStar Pre-Used.
Awards & Recognition
- Not disclosed