Administer Plc
Climate Impact & Sustainability Data (2023)
Reporting Period: 2023
Environmental Metrics
ESG Focus Areas
- Energy efficiency and carbon neutrality
- Well-being at work and commitment of employees
- Ethical business practices
- Cyber security and data privacy
Environmental Achievements
- Optimised office space use, decreasing office space from 2,000 square meters to 700 square meters in Helsinki.
- Changed personnel’s car policy to favor electric and hybrid vehicles.
- Increased remote work possibilities to lessen the need for travel to the office.
Social Achievements
- Launched a Responsibility Challenge campaign for personnel, aiming to define 12 concrete sustainability actions.
- Provided a trainee position for 75 students.
- Employee satisfaction developed in line with the target during the year and staff turnover ratio decreased.
Governance Achievements
- Implemented a Group-wide profitability programme.
- Established a share-based long-term incentive plan for the Group’s key personnel.
- Streamlined and optimized the Group’s Management Team, reducing the number of members from 13 to 8.
Climate Goals & Targets
Environmental Challenges
- General economic downturn negatively impacting operations, most visible in staffing services.
- Tough competition in primary markets and cost and wage inflation negatively impacting net sales and profitability.
- Unsatisfactory financial performance.
Mitigation Strategies
- Implemented a profitability programme targeting an annual profitability improvement of approximately EUR 7 million.
- Personnel reductions (17 employees, a few layoffs, and changing some positions to part-time ones).
- Rationalised office network and centralised HQ operations.
Supply Chain Management
Responsible Procurement
- Favoring sustainable products and services when purchasing goods or materials.