Climate Change Data

Erwerbsgesellschaft der S-Finanzgruppe mbH & Co. KG

Climate Impact & Sustainability Data (2020, 2021, 2023)

Reporting Period: 2020

Environmental Metrics

Total Carbon Emissions:1554 tCO2e (German locations)
Scope 1 Emissions:429 tCO2e (German locations)
Scope 2 Emissions:425 tCO2e (German locations)
Renewable Energy Share:100% at Wittenberge and Hennigsdorf since 2019
Total Energy Consumption:5399 MWh (all German locations, including vehicle fleet and flights)
Water Consumption:3072 m3 (German locations)
Waste Generated:307.7 tons (German locations)

ESG Focus Areas

  • Economics
  • Ecology
  • Social matters

Environmental Achievements

  • Reduced CO2 emissions by over 200 t at German locations
  • Reduced waste from ink cartridges by 50% with PostBase Vision
  • Switched to 100% green electricity at Wittenberge production site and Hennigsdorf SSE site since 2019
  • Reduced total energy consumption for all 22 locations from 6,117 MWh to 5,399 MWh

Social Achievements

  • Resignation quota worldwide fell to 8.2% (from 9.5% in previous year)
  • Resignation quota in Germany fell significantly to 5.2% (from 7.7% in previous year)
  • Implemented “Ways into Work” pilot project to employ people with disabilities
  • Offered flexible work location to almost 70% of employees worldwide and flexible working hours to over 50%

Governance Achievements

  • Implemented a comprehensive reorganisation to improve profitability
  • Established an opportunity and risk management system
  • Maintained compliance management system, with no known legal processes arising from anti-competitive behavior

Climate Goals & Targets

Environmental Challenges

  • Declining market for franking and enveloping machines
  • Highly competitive mail services business
  • Insufficient turnover and profit contributions from Software/Digital segment to compensate for core business decline
  • Increasing threat of cyber attacks
Mitigation Strategies
  • Adjusted strategy and implemented comprehensive reorganisation with expected annual savings of €10 million
  • Focus on four future business areas: Franking and Office Solutions, Software & BPA, IoT, and Mail services
  • Targeted M&A activities
  • Implemented measures to ensure immediate management information in case of security incidents
  • Extended information security management system

Supply Chain Management

Supplier Audits: 35 suppliers re-evaluated in 2020

Responsible Procurement
  • Prioritizes suppliers based on economic and ecological criteria
  • Focus on European suppliers (99% in 2020)
  • Sustainable packaging using returnable packaging and reusable containers

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI

Certifications: ISO 9001, ISO 14001, ISO 45001, ISO 50001, IEC/ISO 27001 (IAB only), Energy Star (PostBase Vision)

Sustainable Products & Innovation

  • PostBase Vision (Energy Star certified, reduced ink cartridge waste, environmentally friendly packaging)
  • FP Sign (reduces paper consumption)
  • FP NeoMonitor (reduces energy consumption in buildings)

Reporting Period: 2021

Environmental Metrics

Total Carbon Emissions:1212 tCO2e/year
Scope 1 Emissions:522 tCO2e/year
Scope 2 Emissions:228 tCO2e/year
Scope 3 Emissions:419 tCO2e/year (land transport and air freight only)
Renewable Energy Share:100% at 10 German locations
Total Energy Consumption:6144 MWh/year
Water Consumption:2611 m3/year
Waste Generated:265 tons/year

ESG Focus Areas

  • Environment
  • Social
  • Governance

Environmental Achievements

  • Reduced waste from ink cartridges by 50% in PostBase Vision.
  • Used new packaging and inserts made from 100% recycled materials for PostBase family.
  • Reduced carbon footprint from approx. 1,554 t CO2 to 1,212 t CO2 through climate protection projects.

Social Achievements

  • Launched various initiatives supporting breast cancer research and awareness.
  • Supported local nurseries and provided assistance to female doctors.
  • Collected and donated toys for disadvantaged children and supported local food banks.

Governance Achievements

  • Implemented a new Board of Management remuneration system with ESG criteria, including CO2 emission reduction targets.
  • Maintained ISO certifications across five management systems (quality, environment, occupational safety, energy, information security).

Climate Goals & Targets

Short-term Goals:
  • Reduce CO2 emissions by more than 30% in Germany by 2024 compared to 2019.

Environmental Challenges

  • Declining mail volumes impacting core franking machine business.
  • Supply chain disruptions and a tight labor market hindering digital business development.
  • High costs associated with converting the vehicle fleet to electric cars.
Mitigation Strategies
  • Transformation program "FUTURE @FP" to develop digital business solutions.
  • Cost reduction measures and restructuring into three business units.
  • Focusing on procurement from European suppliers, particularly in Germany.

Supply Chain Management

Supplier Audits: 35 existing suppliers re-evaluated

Responsible Procurement
  • Prioritizes suppliers based on sustainability criteria.
  • Focus on European suppliers (99% in 2021), particularly in Germany (46%).
  • Best Material Purchase project to train local suppliers.

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI

Certifications: ISO 9001, ISO 14001, ISO 45001, ISO 50001, IEC/ISO 27001 (for FP DBS Berlin-Adlershof)

Sustainable Products & Innovation

  • PostBase Vision with reduced ink cartridge waste and recycled packaging.

Awards & Recognition

  • Germany’s Innovation Leader
  • Digital Champion
  • Highest Quality

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:7043.4 tCO2e/year
Scope 1 Emissions:4631.2 tCO2e/year
Scope 2 Emissions:2582.0 tCO2e/year
Scope 3 Emissions:11636.6 tCO2e/year
Renewable Energy Share:75% (electricity)
Total Energy Consumption:49,652,628 kWh/year
Water Consumption:84,826 m3/year
Waste Generated:4269 tons/year
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Environmental concerns
  • Employee concerns
  • Social concerns
  • Combating corruption and bribery

Environmental Achievements

  • Sourcing exclusively certified green electricity
  • Switch to digital product flyers in customer business
  • Conversion of company cars to electric vehicles for new procurements from Q3/2023

Social Achievements

  • Launched various initiatives to promote its employees and increase its attractiveness as an employer
  • Allocated around €650,000 in special-purpose income to initiatives and projects that focus on equal opportunities and social cohesion in 2023
  • Supported around 600 projects, associations and initiatives in Berlin with around €5.3 million in the 2023 reporting year

Governance Achievements

  • Implemented a Group-wide remuneration strategy that implements the requirements of the Remuneration Ordinance for Institutions
  • Qualitative sustainability targets have been part of the target agreement for both the Chief Executive Officer and the Chief Risk Officer since 2022
  • Fully implemented the requirements arising from the Act on Corporate Due Diligence Obligations in Supply Chains

Climate Goals & Targets

Long-term Goals:
  • CO2-neutral business operations by 2035
Medium-term Goals:
  • CO2 emissions (in tonnes) from business operations: 7,800 t by 2028
  • Index for customer perception (products & banking operations), private customers: 75 (of 100) by 2028
  • Index for customer perception (products & banking operations), corporate customers: 77 (of 100) by 2028
  • 40% share of women in management positions by 30 June 2027
Short-term Goals:
  • Not disclosed

Environmental Challenges

  • Reduction in group functions and DBS (DirektBankService) leading to job reductions
  • Decreasing level of loyalty among junior staff
  • Need to retain or build up expertise in certain areas while overall personnel demand declines
  • Data collection difficulties for properties with a private background and old stocks in energy efficiency assessment
Mitigation Strategies
  • Reduction of jobs in a socially responsible manner and in accordance with the principle of double voluntariness; a company agreement was concluded with the works council
  • Measures to retain employees and increase employer attractiveness (flexibilisation of work location and time, financial and non-financial recognition of performance, upgrading of the working environment)
  • Considering use of approximations for energy efficiency data for old stocks

Supply Chain Management

Supplier Audits: Review of all suppliers regarding human rights and environmental due diligence obligations in the supply chain since the Act on Corporate Due Diligence Obligations in Supply Chains came into force

Responsible Procurement
  • Purchasing green direct electricity
  • Ethics policy for suppliers

Climate-Related Risks & Opportunities

Physical Risks
  • Damage to buildings or infrastructure caused by floods, storms, or droughts
Transition Risks
  • Changes in customers’ livelihoods due to sharp rises in CO2 prices, changes in legal assessment of business activity
Opportunities
  • Providing funding opportunities to support projects to reduce greenhouse gas emissions, promote renewable energies, and improve climate resilience

Reporting Standards

Frameworks Used: Sparkassen-Finanzgruppe reporting standard (compatible with GRI G4 Financial Services Sector Disclosures and Deutscher Nachhaltigkeitskodex)

Certifications: ISO 9001:2015 (S-Servicepartner Berlin GmbH)

Third-party Assurance: KPMG AG Wirtschaftsprüfungsgesellschaft

UN Sustainable Development Goals

  • Goal 4 (Quality Education)
  • Goal 7 (Affordable and Clean Energy)
  • Goal 8 (Decent Work and Economic Growth)
  • Goal 11 (Sustainable Cities and Communities)
  • Goal 13 (Climate Action)

Initiatives contribute to these goals through financial literacy programs, support for renewable energy projects, job creation, community development, and climate protection measures

Sustainable Products & Innovation

  • Sustainable investment products (green bonds, social bonds, ESG-referenced bonds, funds and ETFs with sustainability features)
  • Loans for ecological purposes (KfW promotional loans)
  • Loans for social purposes (financing municipal and social public facilities, affordable housing)

Awards & Recognition

  • Roman Herzog Prize
  • Participation seal for the ‘Success Factor Family’ initiative