Climate Change Data

StrongPoint ASA

Climate Impact & Sustainability Data (2023)

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:6735 tCO2e/year
Scope 1 Emissions:1241 tCO2e/year
Scope 2 Emissions:186 tCO2e/year
Scope 3 Emissions:5309 tCO2e/year

ESG Focus Areas

  • Environment and climate risks
  • People and working environment
  • Operational sustainability initiatives

Environmental Achievements

  • Successfully refurbished more than 3,000 checkouts in the UK and Ireland.
  • Successfully built the first AutoStore facility with frozen groceries storage capabilities.

Social Achievements

  • Average employee turnover in 2023 was 8.5%, a reduction from 12.7% in 2022.
  • Employee Net Promoter Score in Peakon showed very good results when benchmarked against other companies (34, 8 base points better than the benchmark).

Governance Achievements

  • Continued focus and understanding of our purpose and values.
  • Updated whistleblowing channel with new website and reporting schedule.

Climate Goals & Targets

Long-term Goals:
  • Net-zero emissions by 2050
Medium-term Goals:
  • Reduce the climate impact from our value chain and become a net-zero company in 2050 or earlier.
  • Deliver net-zero products.
Short-term Goals:
  • Increase accuracy on scope 3 upstream reporting.
  • Introduce a EPD for ESLs.

Environmental Challenges

  • Tough market conditions with a 2% topline decline in revenue.
  • Significantly lower EBITDA (-1 MNOK in 2023 compared to 76 MNOK in 2022).
  • Limited predictability and transparency in the economic climate.
Mitigation Strategies
  • Announced a cost reduction effort reducing the annual cost base by a net NOK 20 million.
  • Continued investments in largest whitespace markets (UK and Spain).
  • Right sizing and cost reduction initiatives.

Supply Chain Management

Responsible Procurement
  • Environmental criteria are always considered when selecting partners.
  • Environmental accountability included in the company’s SLA/supplier Code of Conduct.

Climate-Related Risks & Opportunities

Physical Risks
  • Weather patterns and their impact on facilities
Transition Risks
  • Changes in demand, impact on energy prices, building renovation requirements, potential competitive impacts on logistics chains, policy and legal risk
Opportunities
  • Growing market opportunity related to energy-efficient temperature-controlled warehouse and locker solutions.

Reporting Standards

Frameworks Used: GRI, UN SDGs, EU Taxonomy, EU regulation on responsible business conduct, Norwegian Transparency Act

Certifications: ISO 45001

UN Sustainable Development Goals

  • SDG 2
  • SDG 5
  • SDG 8
  • SDG 9
  • SDG 11
  • SDG 12
  • SDG 13
  • SDG 16

StrongPoint supports the UN Sustainable Development Goals (SDGs) where we believe we can have the most impact.

Sustainable Products & Innovation

  • AutoStore micro fulfillment warehouse solutions
  • Refurbishment of checkout counters