Climate Change Data

B2Holding ASA

Climate Impact & Sustainability Data (2021, 2022)

Reporting Period: 2021

Environmental Metrics

Total Carbon Emissions:2875.53 tCO2e/year
Scope 1 Emissions:427.98 tCO2e/year
Scope 2 Emissions:691.35 tCO2e/year
Scope 3 Emissions:1218.14 tCO2e/year

ESG Focus Areas

  • Fair treatment and satisfaction of customers
  • Responsibility in the value chain
  • Attractive and sustainable work environment
  • Transparent and credible management of ESG

Environmental Achievements

  • Italy business unit purchased guarantees of origin for its entire electricity consumption in 2021.
  • Committed to developing science-based emissions reduction targets in line with the Science-Based Targets initiative criteria.

Social Achievements

  • Continued implemented Covid-19 pandemic measures and dedicated resources to help those in vulnerable situations.
  • Launched a digital learning management platform in March 2021, containing a combination of voluntary and mandatory content.
  • 100% of employees participated in different trainings using either internal or external digital learning platforms, with an average of ten hours of training per employee.

Governance Achievements

  • Updated its materiality assessment in line with the requirements of the GRI standards.
  • Developed and implemented its Sustainability Policy, approved by the Board.
  • Launched a whistleblowing channel covering all business units.

Climate Goals & Targets

Medium-term Goals:
  • Achieve 100% of employees receiving performance and career development reviews at least once a year
  • Annual hours of training per employee rate at 20 hrs/employee
  • Reduce total GHG emissions in line with SBTi
  • Decrease voluntary turnover by 23%
Short-term Goals:
  • Improve debtor satisfaction by developing and implementing debtor survey, establishing baseline and developing targets for improvement (9 countries)
  • Increase ratio of debtors reintroduced to the financial chain by 50%
  • Increase female representation in C-1 by 2% in local entities
  • Zero gender pay gap in all employment categories by 2025

Environmental Challenges

  • High sick leave rate in the industry.
  • Potential indirect climate-related risks in the Group’s secured debt portfolio.
  • Gaps in B2Holding’s management approach to climate-related risks.
Mitigation Strategies
  • Approved Health and Safety Statement outlining commitment to employee wellbeing.
  • Annual Group-wide engagement survey to identify areas for improvement.
  • Conducted a climate risk review according to the Task Force on Climate-Related Financial Disclosures (TCFD) recommendations.
  • Aims to implement monitoring of climate-related risks in its risk management systems.

Supply Chain Management

Responsible Procurement
  • Environmental and Sustainable Procurement Statement

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI Standards, Euronext ESG Guidelines, Norwegian Accounting Act Section 3-3c

UN Sustainable Development Goals

  • SDG 5
  • SDG 8
  • SDG 10
  • SDG 13
  • SDG 16

B2Holding's commitment to these SDGs is detailed in the report.

Reporting Period: 2022

Environmental Metrics

Total Carbon Emissions:1274 tCO2e (Scope 1 & 2)
Scope 1 Emissions:409 tCO2e
Scope 2 Emissions:458 tCO2e (location-based), 599 tCO2e (market-based)
Scope 3 Emissions:347 tCO2e

ESG Focus Areas

  • Customer knowledge
  • Sustainable value chain
  • Attractive work environment
  • Transparent ESG management
  • Climate change
  • Cybersecurity and data privacy
  • Ethical behavior and anti-corruption
  • Training and development
  • Responsible acquisition of portfolio and partnerships
  • Human rights
  • Diversity and inclusion
  • Employee health and wellbeing
  • Fair treatment and satisfaction of customers

Environmental Achievements

  • 9.9% GHG emissions (scope 1 & 2) reduction
  • Established a robust baseline for scope 3 emissions (347 tonnes CO2e)

Social Achievements

  • 80% customer satisfaction score
  • 93% of employees completed ESG and ethics training
  • 51% female representation in senior management
  • 80/100 employee engagement score
  • Facilitated a debt refinancing and restructuring process that saved 500 jobs

Governance Achievements

  • Zero reported corruption incidents
  • Zero data privacy or security breaches
  • Implemented an Information Security Management System (ISMS)

Climate Goals & Targets

Long-term Goals:
  • Developing an emission reduction target in line with the Science-Based Target initiative criteria

Environmental Challenges

  • Indirect climate-related risks in the secured debt portfolio (considered low)
  • Data privacy breaches (3 substantiated complaints in 2022, no sanctions)
Mitigation Strategies
  • Regular review of climate-related risks and opportunities
  • Implementation of prevention plans to avoid cyberattacks and data breaches
  • Analysis and follow-up of all data privacy and cybersecurity incidents to avoid future risks
  • Improved personal data management processes and policies across the Group

Supply Chain Management

Responsible Procurement
  • ESG requirements applied in 84% of portfolio acquisitions
  • Environmental clauses in 4% of significant investment agreements (real estate related)

Climate-Related Risks & Opportunities

Physical Risks
  • Very low level of physical risk to buildings in the short term

Reporting Standards

Frameworks Used: GRI, SASB

Awards & Recognition

  • OK Perintä Finland certified as a Future Workplace
  • Ultimo Poland received the Friendly Workplace certificate