Climate Change Data

Renta Group OY

Climate Impact & Sustainability Data (2022, 2023)

Reporting Period: 2022

Environmental Metrics

Total Carbon Emissions:6,288.69 tonnes CO2e
Scope 1 Emissions:252.87 tonnes CO2e
Scope 2 Emissions:1,994.77 tonnes CO2e
Scope 3 Emissions:4,041.05 tonnes CO2e
Renewable Energy Share:Not disclosed
Total Energy Consumption:562,490.21 MWh
Water Consumption:1.96 Megalitres
Waste Generated:1,568.78 tonnes
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Climate change
  • Circular economy
  • Supply chain management
  • Human rights
  • Employee well-being
  • Governance

Environmental Achievements

  • Initiated onsite sorting of plastic film packaging in Finland.
  • Implemented real-time monitoring of energy consumption through third-party software in Finland.
  • Small-scale initiatives related to energy consumption, waste management, and reuse of electronics in Latvia, Norway, and Poland.
  • Solar panels installed at depot in Gardermoen, Norway.

Social Achievements

  • Zero confirmed cases of breaches of customer privacy and zero substantiated complaints in 2022.
  • Zero incidents of breaches against the Code of Conduct or other business ethical guidelines in 2022.
  • Initiated update of Code of Conduct, building on international declarations and conventions (UN Declaration of Human Rights, ILO Declaration, Rio Declaration, UN Convention against Corruption, UN Global Compact).

Governance Achievements

  • Conducted first materiality analysis with external consultants.
  • Initiated update of Code of Conduct and a separate Anti-corruption policy (to be adopted in 2023).
  • Conducted a human rights impact assessment (HRIA) as the initial part of implementing a full human rights due diligence (HRDD) process.

Climate Goals & Targets

Long-term Goals:
  • Become the benchmark for a sustainable equipment rental company.
Medium-term Goals:
  • Increase taxonomy alignment for eligible activities.
Short-term Goals:
  • Implement new sustainability strategy in 2023, including required policies and governance models.
  • Improve data collection, particularly Scope 3 emissions, waste, and water consumption.

Environmental Challenges

  • Complex supply chain with approximately 50,000 suppliers, making group-wide sustainability measures challenging.
  • Lack of full control over machines when in use by customers.
  • Need to collaborate closely with customers to spread awareness of sustainability strategy.
Mitigation Strategies
  • Developing and implementing a group-wide environmental guideline.
  • Increasing application of telematics in fleet to provide customer data on usage and lifetime equipment data.
  • Working towards a comprehensive sustainability strategy (to be launched in 2023).

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • ESG screening of suppliers (to be implemented in 2023).

Climate-Related Risks & Opportunities

Physical Risks
  • Not disclosed
Transition Risks
  • Not disclosed
Opportunities
  • Not disclosed

Reporting Standards

Frameworks Used: EU Taxonomy

Certifications: ISO 14001 (Sweden)

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • Not disclosed

Awards & Recognition

  • Not disclosed

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:11,860.21 tonnes CO2e
Scope 1 Emissions:5,200.3 tCO2e
Scope 2 Emissions:4,244.12 tCO2e
Scope 3 Emissions:2,415.79 tCO2e
Renewable Energy Share:28.9%
Total Energy Consumption:40,906.59 MWh
Water Consumption:80,568.31 m3
Waste Generated:1,327.44 tons
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Circular economy and digitalisation
  • Environmental impact mitigation
  • Health and safety
  • Responsible corporate governance
  • Supply chain management

Environmental Achievements

  • Improved data collection and quality of environmental data.
  • Successful ISO 14001 certification for Finnish operations.
  • CO2 visualisation integrated into Renta Easy for customer use.
  • Waste sorting project in Latvia.

Social Achievements

  • Implementation of updated Code of Conduct and Business Code of Conduct.
  • Mandatory ESG training for all employees.
  • ISO 27001 certification for DigiOffice (IT unit).
  • Initiation of a women's network in Sweden.
  • Participation in career fairs in Denmark.

Governance Achievements

  • Zero incidents of breaches against the Code of Conduct or business ethical guidelines.
  • Appointment of Head of Sustainability.
  • Incorporation of sustainability indicators into key personnel incentive programs.
  • Implementation of Purchasing Guideline.

Climate Goals & Targets

Long-term Goals:
  • Become the most sustainable and digital partner in the equipment rental industry.
Medium-term Goals:
  • Achieve higher gender diversity targets (2026).
  • Full compliance with CSRD and ESRS (FY2025).
Short-term Goals:
  • Improve scope 3 emissions data collection.
  • Update double materiality assessment (2024).
  • Implement supplier risk screening process (2024).

Environmental Challenges

  • Bridge accident in Finland.
  • Limited scope 3 emissions data.
  • Challenges in increasing gender diversity.
  • Data limitations in EU Taxonomy reporting.
  • Supply chain risks related to human and labor rights.
Mitigation Strategies
  • Investigation and cooperation with authorities following the bridge accident.
  • Increased internal and external audits and employee training.
  • Improved data collection methods for scope 3 emissions.
  • Setting new targets for gender representation.
  • Implementation of supplier risk screening process.
  • Continuous improvement of EU Taxonomy reporting.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Purchasing Guideline with ESG criteria.
  • Business Code of Conduct for suppliers.

Climate-Related Risks & Opportunities

Physical Risks
  • Not disclosed
Transition Risks
  • Not disclosed
Opportunities
  • Not disclosed

Reporting Standards

Frameworks Used: GHG Protocol, EU Taxonomy Regulation, UN Global Compact, CSRD (preparing for FY2025), ESRS (preparing for FY2025)

Certifications: ISO 14001 (Finland), ISO 27001 (DigiOffice), ISO 45001 (Finland; Sweden in progress)

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • Not disclosed

Awards & Recognition

  • Not disclosed