Climate Change Data

Square Management

Climate Impact & Sustainability Data (2021, 2023)

Reporting Period: 2021

Environmental Metrics

ESG Focus Areas

  • Sustainability
  • Climate Change
  • Economic Transformation

Climate Goals & Targets

Environmental Challenges

  • Mismatch between companies' strategies aiming to be 'cleaner' and the transition of economies towards sustainability.
  • Insufficient consideration of companies' contributions to industry and wider economic transitions.
  • Inadequate conventional CSR standards focusing on 'cleanliness' rather than transformative contributions.
Mitigation Strategies
  • Proposing a new framework for Strategies Contributing to the Advent of Sustainability (SCAS), focusing on collective empowerment and economic structure transformation.

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:900 tCO2e (2023)
Scope 1 Emissions:23 tCO2e (2023)
Scope 2 Emissions:19 tCO2e (2023)
Scope 3 Emissions:821 tCO2e (2023)
Renewable Energy Share:10%
Total Energy Consumption:400,000 MWh (2023)
Water Consumption:1,286,000 litres (2023)
Waste Generated:2.7 tons (2023)
Carbon Intensity:0.6 tCO2e/FTE (target for 2028)

ESG Focus Areas

  • Environment
  • Social
  • Governance

Environmental Achievements

  • Validation of greenhouse gas emission reduction targets by the Science-Based Targets initiative (-50.4% (scopes 1 and 2) and -58.2% (scope 3) by 2031 compared with 2019)
  • 90% of the vehicle fleet is electric or hybrid
  • 52 tonnes of waste recycled from our French site

Social Achievements

  • Launch of a Women Mentoring Program with 36 participants
  • 85/100 Gender equality index
  • €188,000 donated to 5 associations
  • 3 pro bono assignments for Emmaüs Défi, Emmaüs Campüs and La Semaine du Son

Governance Achievements

  • EcoVadis GOLD rating (70/100)
  • 0 corruption alerts reported
  • 0 data security incidents

Climate Goals & Targets

Long-term Goals:
  • Net Zero emissions by 2031 (Scope 1, 2, and 3)
Medium-term Goals:
  • 95/100 Gender equality index by 2028
  • 0 workplace accidents by 2028
  • 100% of managers trained in anti-harassment measures by 2028
  • Allocate an annual budget of €350,000 to the Square Foundation by 2028
  • Include recommendations in favour of greater sustainability in all our responses to calls for tender by 2028
  • 1.4% of revenue dedicated to Research & Development by 2028
Short-term Goals:
  • B Corp certification
  • Implementation of an employer mobility plan and travel policy (2024)
  • 100% of buyers trained in sustainable purchasing by 2028

Environmental Challenges

  • Reducing greenhouse gas emissions from travel
  • Reducing energy consumption
  • Managing waste responsibly
  • Promoting ethical business practices
  • Supporting customers in their transition to greater sustainability
  • Creating a fulfilling and rewarding working environment for employees
  • Having a positive impact on society
Mitigation Strategies
  • Implementation of an employer mobility plan and travel policy (2024)
  • Raising employee awareness of responsible digital practices
  • Extending the lifespan of IT equipment, stopping distribution of goodies, replacing cardboard business cards with reusable ones
  • Implementing an anti-corruption system (Ethical Charter, Code of Conduct, Whistleblower Charter)
  • Developing expertise in sustainability and offering support services to customers
  • Initiatives to improve quality of life at work (flexible use of days off, partnership with Gymlib, gift vouchers)
  • Supporting associations working in entrepreneurship, children, and health through the Square Foundation

Supply Chain Management

Supplier Audits: Assessment of five key suppliers using EcoVadis platform (2023)

Responsible Procurement
  • Incorporating sustainable development criteria into supplier selection
  • 2024 action plan with a code of conduct sent to all suppliers for signature

Climate-Related Risks & Opportunities

Physical Risks
  • Extreme weather events
Transition Risks
  • New regulations
Opportunities
  • Development of energy-efficient products and services

Reporting Standards

Frameworks Used: Science-Based Targets initiative, UN Global Compact

Certifications: EcoVadis GOLD

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • Not disclosed

Awards & Recognition

  • Not disclosed