Climate Change Data

Epidemic Sound Holding II AB

Climate Impact & Sustainability Data (2022, 2023)

Reporting Period: 2022

Environmental Metrics

Total Carbon Emissions:39,017.21 tCO2e
Scope 1 Emissions:0.01% of total emissions
Scope 2 Emissions:0.03% of total emissions
Scope 3 Emissions:99.97% of total emissions

ESG Focus Areas

  • Artists
  • People
  • Environment
  • Sustainability risk and governance

Environmental Achievements

  • Adopted a new code of conduct policy for business partners to align with sustainability goals and collectively reduce emission impact.
  • Committed to sourcing renewable electricity to contribute to the goal of becoming a net-zero carbon company.

Social Achievements

  • Achieved an 84% employee agreement that Epidemic Sound is a great place to work (benchmark companies: US average employer: 57%, Sweden average employer: 61%).
  • Introduced two new ERGs in 2022: Divergent (for employees with disabilities) and INDEX (for immigrants and internationals).
  • Launched a business partner code of conduct setting expectations for human rights and labor rights.
  • Offered an out-of-state abortion travel allowance to US employees.

Governance Achievements

  • Implemented a whistleblowing policy and external whistleblowing channel.
  • Launched a company-wide anti-discrimination and anti-harassment course.
  • Established a business partner code of conduct with four pillars: Thriving Together, Caring for the Environment, Doing Business, and Protecting Data and Information.

Climate Goals & Targets

Medium-term Goals:
  • Achieve net-zero carbon emissions by 2030.
Short-term Goals:
  • Improve accuracy of emissions data and set informed reduction measures.

Environmental Challenges

  • Reducing Scope 3 emissions (99.97% of total emissions), primarily from purchased goods and services.
  • Maintaining high employee engagement scores.
  • Increasing diverse representation across all levels of the company.
Mitigation Strategies
  • Prioritizing the creation of an environmental action plan in 2023 to guide improvement efforts.
  • Conducting yearly company-wide engagement surveys and pulse surveys to identify areas for improvement.
  • Implementing inclusive hiring practices, participating in external programs to increase diversity in the talent pipeline, and providing DEI training to managers.

Supply Chain Management

Responsible Procurement
  • Business Partner Code of Conduct

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: Swedish Annual Accounts Act, Corporate Sustainability Directive (CSRD), European Sustainability Reporting Standards (ESRS)

Certifications: Great Place to Work (Sweden and US)

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:4985 tCO2e
Scope 1 Emissions:22 tCO2e
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

  • Diversity, Equity, and Inclusion (DEI)
  • Employee well-being
  • Environment (Climate Change)
  • Human Rights
  • Business Ethics
  • Supply Chain

Environmental Achievements

  • Committed to setting science-based climate targets aligned with the Paris Agreement's 1.5-degree goal, covering the entire value chain.

Social Achievements

  • Launched a work environment committee with employee representatives.
  • Hosted a second writing camp for female and non-binary artists.
  • Unlocked new music scouting markets in South Korea and Japan.
  • Offered all employees three days for community volunteering (approx. 92 hours total).

Governance Achievements

  • Implemented a business partner code of conduct.
  • Established an external whistleblowing channel.
  • Conducted yearly salary mapping to ensure fair pay.
  • Offered mandatory anti-discrimination and anti-harassment training (60% completion rate).

Climate Goals & Targets

Long-term Goals:
  • Achieve net-zero emissions (target year not specified).
Medium-term Goals:
  • Not disclosed
Short-term Goals:
  • Not disclosed

Environmental Challenges

  • Decreased employee engagement score (7.5, down from 7.8 in 2022).
  • Increased Scope 1 and 2 emissions due to increased energy use in offices.
  • Low number of whistleblowing cases reported, potentially due to lack of awareness.
  • Scope 3 emissions represent 99% of total emissions.
Mitigation Strategies
  • Active measures against workplace stress (BetterHelp, Skandia, wellness grants, flexible work hours).
  • Improved information and visualization on whistleblowing process.
  • Further implementation of business partner code of conduct.
  • Decarbonization plan focusing on behavioral changes, renewable energy sourcing, and low-carbon suppliers.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Business Partner Code of Conduct

Climate-Related Risks & Opportunities

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

Reporting Standards

Frameworks Used: Null

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • Not disclosed

Awards & Recognition

  • Not disclosed