Avoki HoldCo AB
Climate Impact & Sustainability Data (2022, 2023)
Reporting Period: 2022
Environmental Metrics
Total Carbon Emissions:18,576 tCO2e/year
Scope 1 Emissions:251 tCO2e/year
Scope 2 Emissions:83 tCO2e/year
Scope 3 Emissions:18,242 tCO2e/year
Renewable Energy Share:90%
Total Energy Consumption:1522 MWh/year
ESG Focus Areas
- Environment
- Social
- Governance
Environmental Achievements
- Achieved climate neutrality in accordance with BSI PAS 2060 standard since 2021
- Reduced carbon footprint per turnover by 7.2% and per employee by 1.8%
- Reduced electricity consumption by 30% due to relocation and office consolidation
Social Achievements
- Launched women's network, wOMen, to increase female representation
- Achieved an all-time high in Great Place to Work certification results (82/100)
- Increased focus on learning and development with new roles and initiatives
Governance Achievements
- Updated Supplier Code with clearer requirements on environment, working conditions, and human rights
- 54% of key suppliers signed the Supplier Code or demonstrated equivalent policies by December 2022
- Environmental certification according to ISO 14001 and partially ISO 9001
Climate Goals & Targets
Long-term Goals:
- Achieve net zero emissions before 2050
Medium-term Goals:
- Halve the company's emissions by 2030 (Scope 1, 2 and 3)
- Fossil-free car fleet by 2030
- Increase sales of sustainable products and services by 20% per year
Short-term Goals:
- 70% electric, 20% hybrid, and 10% conventional fuel cars by 2025
Environmental Challenges
- High emissions from Scope 3 (purchased products and services)
- Complex supply chain with risks related to environment, working conditions, and human rights
- Lack of diversity within the ICT industry
Mitigation Strategies
- Updated Supplier Code with stricter requirements
- Increased focus on offering sustainable products and services (O.M Green)
- Proactive efforts to recruit more women and experienced employees
- Supplier dialogues and self-assessment
Supply Chain Management
Supplier Audits: 54% of total purchase value had signed the Supplier Code or demonstrated corresponding policies by December 2022
Responsible Procurement
- Supplier Code based on the UN Global Compact's 10 principles
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: GRI 2021
Certifications: ISO 14001, Partially ISO 9001
UN Sustainable Development Goals
- SDG 7
- SDG 8
- SDG 13
Supporting solar energy projects in India contributes to affordable and clean energy (SDG 7), decent work and economic growth (SDG 8), and climate action (SDG 13).
Sustainable Products & Innovation
- Product-as-a-service
- Eco-labelled products
Reporting Period: 2023
Environmental Metrics
Total Carbon Emissions:11,169.5 tCO2e/year
Scope 1 Emissions:143.3 tCO2e/year
Scope 2 Emissions:52.6 tCO2e/year
Scope 3 Emissions:10,973.6 tCO2e/year
Renewable Energy Share:98% (electricity)
Total Energy Consumption:501 MWh/year (group total, including divested Facility Management)
Waste Generated:34,541 kg/year
Carbon Intensity:11.57 tCO2e/Mkr turnover in 2023
ESG Focus Areas
- Climate Change
- Diversity & Inclusion
- Ethical Business Relationships
- Sustainable Workplace
- Responsible Supply Chain
Environmental Achievements
- Reduced total CO₂e emissions by 7.7% (928 tons) compared to 2022, exceeding the goal of a 5.9% annual decrease.
- Scope 1 and 2 emissions decreased by 36% and 33% respectively.
- 98% of company premises supplied with fossil-free electricity (8% increase from 2022).
Social Achievements
- Launched an internal women’s network in 2022 to increase the proportion of women in the company and leadership positions.
- Implemented mandatory training on diversity, equality & inclusion in 2023.
- Created a leadership development program for leaders with personnel responsibility (to be implemented in 2024).
Governance Achievements
- Updated Code of Conduct in 2023 with accompanying e-learning for all employees.
- Implemented an independent whistleblower function in 2020.
- Avoki’s climate goals have been approved by the Science Based Targets initiative (SBTi).
Climate Goals & Targets
Long-term Goals:
- Net-zero emissions by 2045 (90% reduction from 2021 baseline)
Medium-term Goals:
- Reduce annual emissions by 5.9% by 2030
- Fossil-free vehicle fleet by 2030
- Fossil-free road transportation by 2030
- 100% circular customer offering
Short-term Goals:
- Fossil-free energy in facilities by 2024
- At least 40% of new recruits should be women and at least 70% experienced employees by 2024
Environmental Challenges
- High emissions from the company’s operations (Scope 1 and 2) and throughout the value chain (Scope 3).
- Risks related to poor working conditions, human rights violations, and corruption in the supply chain.
- Lack of diversity within the IT industry.
Mitigation Strategies
- Setting clear expectations through the Code of Conduct and Supplier Code of Conduct.
- Internal training, external webinars, and dialogues with suppliers.
- Requiring significant suppliers to adhere to the company’s Supplier Code of Conduct or demonstrate equivalent criteria.
- Actively working to attract and retain more women in the company and the industry.
Supply Chain Management
Supplier Audits: 54% of total procurement value had signed the Supplier Code or demonstrated equivalent policies by December 2023.
Responsible Procurement
- Supplier Code of Conduct based on the UN Global Compact’s 10 principles.
- Requirement for significant suppliers to have scientifically based climate goals aligned with the Paris Agreement.
Climate-Related Risks & Opportunities
Opportunities
- Increased sales of services and product-as-a-service
Reporting Standards
Frameworks Used: GRI
Certifications: ISO 14001 (environmental, group-wide), ISO 9001 (quality, majority of Swedish operations)
UN Sustainable Development Goals
- SDG 7 (Affordable and clean energy)
- SDG 8 (Decent work and economic growth)
- SDG 13 (Climate action)
Avoki's initiatives in renewable energy, responsible supply chain, and climate action contribute to these goals.
Sustainable Products & Innovation
- Refurbished hardware
- Service-based IT solutions with circular hardware management