Climate Change Data

WAVESTONE

Climate Impact & Sustainability Data (2023-04 to 2024-03)

Reporting Period: 2023-04 to 2024-03

Environmental Metrics

Total Carbon Emissions:5704 tCO2e/year
Scope 1 Emissions:65 tCO2e/year
Scope 2 Emissions:252 tCO2e/year
Scope 3 Emissions:5384 tCO2e/year
Renewable Energy Share:88% of total energy use (five offices)
Total Energy Consumption:2377857 kWh/year
Water Consumption:4443 m3/year
Waste Generated:57 tons/year
Carbon Intensity:9.7285 tCO2e per million EUR of revenue

ESG Focus Areas

  • Client satisfaction
  • Employee engagement and well-being
  • Diversity and inclusion
  • Ethical and responsible corporate citizenship
  • Environmental impact

Environmental Achievements

  • Reduced carbon footprint by 51% in scopes 1 & 2 and 27% in scope 3 (per employee) compared to 2019/20.
  • Exceeded greenhouse gas emission reduction targets.

Social Achievements

  • Achieved a Net Promoter Score® of 73 (up from 45).
  • Maintained excellent Great Place To Work® results (1st place in France, Top 25 in UK).
  • Exceeded target for time spent on high-impact community projects (over 10,000 man-days).

Governance Achievements

  • Executive Committee (EXCOM) member compensation recognizes CSR performance criteria (20% of Collective Performance Index).

Climate Goals & Targets

Long-term Goals:
  • Net-zero emissions by 2049/50.
Medium-term Goals:
  • Achieve 38% women in management by 2025/26.
  • Achieve 90 employees with disabilities by 2025/26.
Short-term Goals:
  • Maintain NPS® above 60.
  • Reduce carbon footprint by 21% (Scopes 1 & 2) and 30% (Scope 3 intensity) by 2026/27 compared to 2019/20.

Environmental Challenges

  • Slight decline in employee engagement index (71 from 74).
  • Increased air travel emissions due to business expansion outside France.
Mitigation Strategies
  • Introduced HR initiatives to improve employee engagement.
  • Implemented measures to reduce air travel, including banning flights for trips under four hours by train in France.

Supply Chain Management

Supplier Audits: CSR performance assessment of top 25 suppliers.

Responsible Procurement
  • Sourcing from sheltered employment sector; including CSR criteria in calls for tender; responsible event planning guide.

Climate-Related Risks & Opportunities

Physical Risks
  • Extreme weather events
Transition Risks
  • Changes in client expectations; access to competitive financing.
Opportunities
  • Development of environmental offerings; competitive advantage from ESG commitments.

Reporting Standards

Frameworks Used: Articles L.225-102-1 and R.225-104 of the French Commercial Code, GHG Protocol, SBTi

Certifications: ISO 27001, Qualiopi, Cyber Essentials Plus (UK)

Third-party Assurance: Independent external audit since 2013/14

UN Sustainable Development Goals

  • Various SDGs are mentioned throughout the report.

Wavestone's contribution to SDGs is analyzed in section 2.2.3.

Sustainable Products & Innovation

  • Carbon Calculator; self-assessment tool to measure carbon impact of cybersecurity.

Awards & Recognition

  • EthiFinance ESG Rating (Gold); EcoVadis (Platinum); Great Place To Work® (1st place in France); Happy Trainees; Happy Candidates.