Climate Change Data

Environmental Metrics

ESG Focus Areas

• Minimizing environmental impact
• Supporting a diverse and global team
• Protecting critical IT infrastructure
• Securing free speech, democracy and human rights
• Ensuring high ethical standards

Environmental Achievements

• Reduced Scope 2 emissions from 185.7 tCO2e in 2022 to 103.4 tCO2e in 2023; increased renewable energy share to 78% in 2023 from 63% in 2022; reduced number of shipments through optimization of quantities per shipment; climate compensation made for emissions related to business travel; 72 Solvatten units deployed, impacting 382 individuals; carbon offset saved 3,600 trees, preventing 504 tons of CO2 emission; all Yubico offices are environmentally certified under LEED.

Social Achievements

• Employee engagement score increased to 82% in 2023 from 76% in 2022; employee turnover decreased to 9.0% in 2023 from 20.7% in 2022; 29% women across the entire organization and 31% in management; implemented occupational pension in Germany, increased vacation days and employer pension contributions in the UK, added healthcare insurance in the UK and launched a Global Wellness Program; partnered with Women in Cybersecurity (WiCyS).

Governance Achievements

• Implemented a Code of Conduct, annually reviewed and approved by the Board of Directors; established a whistleblowing process in 2022; implemented a Code of Conduct for suppliers; will introduce recurring educational training to all employees covering anti-corruption and the whistleblowing process.

Climate Goals & Targets

Environmental Challenges

• Risk that Yubico’s products will not provide protection against all security vulnerabilities or cyberattacks; changing customer demands and threat of new competitors; dependency on third-party suppliers for critical components and manufacturing; customer and market concentration in North America; credit risks; currency risk.

Mitigation Strategies

• Regular audits by customers; secure production chain; daily testing by high-security-risk customers; ecosystem with 1,000+ partner integrations; long-term subscriptions, flexible support, personalized services; investments in new features and services; secured access to critical components by long-term agreements and stockpiling; actions to avoid a single source of manufacturing; investments in sales and marketing activities toward new customer segments and markets; financial policy and key processes to mitigate financial risks; central management of the group’s consolidated foreign exchange exposure; price lists and sourcing to minimize currency exposure; suitable net currency balance; balancing assets in foreign currency against corresponding liability in the same currency.

Supply Chain Management

Responsible Procurement

• Supplier Code of Conduct

Climate-Related Risks & Opportunities

UN Sustainable Development Goals

• 9
• 16

Contributing to secure information, protecting citizens and democracy; supporting institutions in accessing information effectively, accountably, and transparently.