Climate Change Data

Akind Venture AB

Climate Impact & Sustainability Data (2023)

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:8,696 tCO2e/year
Scope 1 Emissions:144 tCO2e/year
Scope 2 Emissions:185 tCO2e/year
Scope 3 Emissions:8,367 tCO2e/year

ESG Focus Areas

  • Climate Change
  • Diversity & Inclusion
  • Decent Work and Economic Growth
  • Responsible Consumption and Production
  • Education

Environmental Achievements

  • Joined the Science Based Targets initiative (SBTi) to set emission reduction targets aligned with the Paris Agreement.
  • Conducted first GHG accounting, covering scopes 1, 2, and 3 emissions.
  • Made annual climate investments to offset total carbon footprint.
  • Launched a sustainability training program for 5,450 employees and consultants.

Social Achievements

  • Helped 7,619 people find new jobs.
  • Reskilled or upskilled 1,455 individuals through Brights.
  • Implemented Evidence-Based Recruitment to reduce bias and promote social equity.
  • Maintained high employee engagement scores despite challenging market conditions.
  • Supported community engagement initiatives, including a 5-year partnership with Tillväxt Botkyrka, creating 1,000 jobs.

Governance Achievements

  • Introduced a new Code of Conduct for Business Partners with a focus on anti-corruption.
  • Implemented a robust whistleblowing process compliant with the EU Whistleblower Protection Directive.
  • No incidents of corruption reported.

Climate Goals & Targets

Long-term Goals:
  • Become a climate-positive business.
Medium-term Goals:
  • Formulate and validate near-term (5-10 years) and net-zero targets with SBTi.
Short-term Goals:
  • Obtain approval for Science Based Targets from SBTi.

Environmental Challenges

  • Challenging market conditions and tougher economic situation affecting employee engagement.
  • Difficulty in recruiting necessary coworkers due to high demand for qualified labor.
  • High candidate turnover.
  • Significant portion of emissions originating from purchases and supply chain.
  • Potential risks related to community engagement (e.g., misuse of donations).
Mitigation Strategies
  • Implementing a salary mapping system to ensure fair pay.
  • Fostering strong relationships between managers and coworkers.
  • Weekly coworker feedback surveys.
  • Refining supplier data and establishing a process for involving suppliers in climate action.
  • Recurring meetings with Response Network and a well-defined annual budget.

Supply Chain Management

Supplier Audits: 49 new sustainable supplier assessments in 2023; 563 total.

Responsible Procurement
  • Code of Conduct for Business Partners
  • Supplier assessment based on environmental impact and management practices.

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI

Certifications: ISO 14001

UN Sustainable Development Goals

  • 3
  • 4
  • 5
  • 8
  • 12
  • 13

Focus on SDGs related to core business and overall responsibilities towards climate crisis.