Climate Change Data

Greenstep Oy

Climate Impact & Sustainability Data (2020)

Reporting Period: 2020

Environmental Metrics

Total Carbon Emissions:Not disclosed
Scope 1 Emissions:0
Scope 2 Emissions:72 (market based), 55 (location based) tCO2e (2019 data)
Scope 3 Emissions:70 tCO2e (2019 data)
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

  • Economic sustainability and governance
  • Equal and healthy working community
  • High-quality competence development
  • Environmentally sustainable choices

Environmental Achievements

  • Started calculating carbon footprint (based on 2019 data due to COVID-19)
  • Espoo office shifted to 100% renewable district heating from July 2020
  • Renewable electricity used in Espoo, Tampere, and Jyväskylä offices in 2020

Social Achievements

  • Employee satisfaction (eNPS) at 78
  • Approximately 100 new recruitments in 2020
  • Low sick leave rates (1.4%) despite exceptional circumstances
  • Implemented employee benefits including sports vouchers, massages, dental care, and public transport
  • Annual workplace well-being challenges raising money for charity

Governance Achievements

  • Published Code of Conduct in 2019, updated version on website
  • Established a Whistleblowing channel for reporting ethical breaches
  • Implemented Know Your Customer (KYC) measures

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Not disclosed
Short-term Goals:
  • 100% renewable electricity in all offices by end of 2021
  • Develop a sustainability training path for personnel at Greenstep Academy
  • Develop a new and more systematic information security training path for personnel
  • Further development of robotics for accounting and payroll services quality assurance
  • Develop approaches for managing how to combine teleworking with in-office working
  • Add low-threshold forms of support
  • Bring forward equal opportunities and improve initial training phase
  • Every Greenstep member getting at least 15 hours of training during a calendar year
  • Develop training paths as planned and a job start
  • A competence-related discussion with every Greenstep member
  • Develop competence actively throughout the year as a talking point in one-on-one conversations and conversations on goals and quality
  • A concrete time frame for shifting over to using renewable heating
  • Monitoring the service life of electronics and the promotion of the circular economy

Environmental Challenges

  • COVID-19 pandemic impacting office use and travel
  • Some offices still using non-renewable energy sources for electricity and heating
Mitigation Strategies
  • Shifted entirely to teleworking during the pandemic
  • Investing in ergonomics and workplace health
  • Goal to shift to 100% renewable electricity in all offices by end of 2021
  • Goal to set a concrete timeframe for shifting to 100% renewable heat in cooperation with lessors

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Active conversations about sustainability with software providers and office facility lessors
  • Promoting renewable energy and recycling

Climate-Related Risks & Opportunities

Physical Risks
  • Effects of extreme weather phenomena on infrastructure and resulting impact on customers’ supply chains and business
  • Growing energy consumption in offices (e.g., cooling and ventilation)
Transition Risks
  • Changes to the market and impact on customer businesses caused by new technologies
  • Tax reforms and emission price increases possibly affecting customers’ business
  • Changing and tightening reporting requirements and possible resulting labor costs in our own and our customers’ operations
Opportunities
  • Market success of customers’ low-carbon technologies and services
  • Increasing demand of compliance services, sustainability services and financial reporting that include descriptions on climate impact
  • Increasing investor and sponsor interest in supporting environmentally sustainable business

Reporting Standards

Frameworks Used: GRI

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • Good Health and Well-being
  • Quality Education
  • Decent Work and Economic Growth
  • Climate Action
  • Life on Land
  • Life Below Water

Chosen based on stakeholder conversations

Sustainable Products & Innovation

  • Not disclosed

Awards & Recognition

  • Not disclosed