Viaplay Group AB
Climate Impact & Sustainability Data (2023, 2023-01-01 to 2023-03-31)
Reporting Period: 2023
Environmental Metrics
Total Carbon Emissions:119,456 tCO2e/year
Scope 1 Emissions:76 tCO2e/year
Scope 2 Emissions:1,382 tCO2e/year
Scope 3 Emissions:117,998 tCO2e/year
Total Energy Consumption:5,598 MWh/year
ESG Focus Areas
- Taking climate & environmental action
- Advancing diversity, inclusion & well-being
- Promoting responsible business conduct & ethics
Environmental Achievements
- Achieved a 30% reduction in greenhouse gas emissions from our own operations and business travel from 2019 levels
- 80% of content streamed encoded via energy-efficient cloud platform
Social Achievements
- Broadcast a fundraising gala for the Swedish Children’s Cancer Fund that raised SEK 53m
- Maintained a 50F/50M% gender balance in the creative value chain
Governance Achievements
- Achieved >95% completion of CoC training for all employees
- Rolled out centralised supplier screening process to screen 90% of our strategic supplier base
Climate Goals & Targets
Long-term Goals:
- Optimise the use of AI subtitling in order to improve content accessibility for our audiences by the end of 2026
Medium-term Goals:
- Reduce GHG emissions in absolute scope 1 (fuel use), scope 2 (energy) & scope 3.6 (business travel) by 46.2% by end of 2030 from a 2019 base year
- 71% of our suppliers by emissions covering purchased goods and services will have science-based targets by end of 2026
- Develop and implement Viaplay’s Sustainable Production Guide, including People & Planet storytelling test in all Viaplay’s Group’s commissioned content productions (incl. sports productions) by end of 2026
- Reach and maintain 50F/50M% gender balance in total workforce by 2026
Short-term Goals:
- Reduce direct emissions from vehicles and facilities (scope 1), purchased energy (scope 2), and business travel (scope 3.6) by at least 21% from 2019 levels by end of 2024
- 15% of suppliers by emissions covering purchased goods and services will have science-based targets by end of 2024
- Develop a Sustainable Production Guide version for Viaplay’s sports productions; implement Sustainable Production Guide in 30% of Viaplay Group’s commissioned content productions by end of 2024
- Increase female talents to reach 42F/58M% gender balance in total workforce by end of 2024
Environmental Challenges
- Significant reduction in workforce resulting in a decrease in employee well-being
- Decline in gender balance of workforce due to downsizing
- Weaker advertising markets
- Adverse currency exchange rates
- Lower than expected demand in streaming markets
- Lower than expected wholesale subscription sales
Mitigation Strategies
- Offered Outplacement programme to all employees
- Strengthening EDI considerations in recruitment and initiating targeted EDI support for teams
- Implementing a new operational model
- Focusing on core Nordic, Netherlands and Viaplay Select operations
- Undertaking a major cost reduction programme
- Recapitalisation programme including equity capital injection and debt write-down
- Renegotiation of credit arrangements
Supply Chain Management
Supplier Audits: at least 3 key productions
Responsible Procurement
- Supplier Code of Conduct
- Sustainability criteria into the procurement process of CDN services
Climate-Related Risks & Opportunities
Physical Risks
- Increased frequency of extreme weather events
- Increasing global temperatures, rising sea levels and changing precipitation patterns
Transition Risks
- Increased regulation of carbon emissions
- Higher expectations for climate-related performance
- Disruptions in our content value chain related to production and distribution
Reporting Standards
Frameworks Used: GRI Standards 2021, TCFD, EU Taxonomy
Third-party Assurance: KPMG
UN Sustainable Development Goals
- 8 of the UN’s 17 Sustainable Development Goals (SDGs)
Awards & Recognition
- Europe’s Climate Leaders by the Financial Times
Reporting Period: 2023-01-01 to 2023-03-31
Environmental Metrics
ESG Focus Areas
- Climate change
- Diversity and Inclusion
- Sustainable Production Practices
Environmental Achievements
- Reduced CO2 emissions in own operations (scope 1 and 2) by 64.9% compared with 2019 levels (against a target of 46.2%)
Social Achievements
- Supported the Women in Tech Conference for the 10th consecutive year
- Invested in storytelling raising awareness of key societal issues (e.g., ‘Stroke’ series in Poland, first Dutch feature length production highlighting LGBTQ+ themes)
Governance Achievements
- Launched a program to support sustainable production practices, including a guide, training and third-party audits
Climate Goals & Targets
Long-term Goals:
- Positive result for International operations in 2024
- ~20% long-term margin for Nordic operations
- ~25% long-term margin for International operations
Medium-term Goals:
- ~12m Viaplay subscribers by end of 2025
- Group EBIT (excluding ACI & IAC) ~13% margin for 2025
Short-term Goals:
- Add 400k new Viaplay subscribers in the Nordics in 2023
- Reach 5 million Viaplay subscribers in the Nordics by year-end 2023
- Reach 9 million Viaplay subscribers by year-end 2023
Environmental Challenges
- Broader economic uncertainty and increased market volatility
- Weak TV advertising markets
- Global macroeconomic developments with increased inflation and interest rates
- Currency exchange rate volatility
Mitigation Strategies
- Adjusted Viaplay price points upwards in almost all markets
- Focus on maintaining strong business momentum while managing market uncertainty
- Investments in content and technology
- Close monitoring of economic and market situations and acting accordingly
Supply Chain Management
Supplier Audits: One key production audited in Q1, with two more to follow in 2023
Responsible Procurement
- Engaging with suppliers to reduce emissions across the value chain
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: Science Based Targets initiative (SBTi)
Awards & Recognition
- 2023 Industry Top-Rated Badge from Sustainalytics
- 2023 Regional Top-Rated Badge from Sustainalytics