Smartoptics Group AS
Climate Impact & Sustainability Data (2023)
Reporting Period: 2023
Environmental Metrics
Total Carbon Emissions:511 tCO2e (Scope 1: 0, Scope 2: 20, Scope 3: 471, offset 27)
Scope 1 Emissions:0 tCO2e
Scope 2 Emissions:20 tCO2e
Scope 3 Emissions:471 tCO2e
Renewable Energy Share:100% (for Oslo and Stockholm offices)
Total Energy Consumption:157,848 kWh
Water Consumption:317 m3
Waste Generated:21,502 kg
Carbon Intensity:Not disclosed
ESG Focus Areas
- Climate change
- Resource use and circular economy
- Health and safety
- Supplier responsibility
- Diversity and inclusion
Environmental Achievements
- Improved waste management process and progress towards circularity
- Reduced total waste from 16,356 kg in 2022 to 21,502 kg in 2023 (Note: This seems contradictory, needs clarification from the report)
- Increased recycled waste from 2,391 kg in 2022 to 6,883 kg in 2023
- Partnership for logistics transport using SAF (Sustainable Aviation Fuel)
- Oslo property BREEAM certified, Stockholm property with green agreement, both powered by renewable energy
Social Achievements
- Achieved ISO 45001:2023 certification for occupational health and safety
- Received Great Place to Work certification with a TrustIndex© score of 86%
- Implemented policies on human rights, equality, diversity, and inclusion
- Conducted CSR and business criticality check of 14 most important suppliers, none identified as high-risk
Governance Achievements
- Updated policies based on double materiality assessment
- Implemented a whistleblower function
- EcoVadis Silver Medal (65/100) in 2023, Gold in 2024
Climate Goals & Targets
Long-term Goals:
- Full integration of sustainable practices across the value chain
- Continuous improvement in upstream and downstream activities
- Becoming a sustainability leader in the industry
Medium-term Goals:
- Scaling up eco-friendly technologies
- Strengthening partnerships with sustainable suppliers
- Launching customer awareness campaigns and product take-back schemes
Short-term Goals:
- Immediate risk mitigation (emissions and labor practices)
- Initial R&D investments in eco-friendly technologies
- Early-stage supplier engagement for sustainable practices
Environmental Challenges
- Data collection challenges for accurate Scope 3 emissions calculation
- Underrepresentation of female employees
- Climate-related resilience risks affecting suppliers
Mitigation Strategies
- Increased demands on logistics partners to improve data collection and achieve emission reduction goals
- Strategic partnership for SAF in logistics
- Development of a 5-year sustainability strategy with concrete goals and action plan
- Regular risk assessments and stakeholder engagement
- Continuous improvement in data collection regarding emissions
Supply Chain Management
Supplier Audits: 14 suppliers reassessed in 2023
Responsible Procurement
- Business Partner Code of Conduct
- Annual supplier reassessments
- Supplier onsite visits
- CSR and business criticality check
Climate-Related Risks & Opportunities
Physical Risks
- Extreme weather affecting suppliers
Transition Risks
- New regulations
Opportunities
- Strong market position and ability to adapt to changing landscape
- Innovation opportunities from new regulations
Reporting Standards
Frameworks Used: ESRS, CSRD
Certifications: ISO 45001:2023, ISO 9001:2015, ISO 14001:2015, Great Place to Work, TÜV Rheinland, UL/ETL, NEBS Level 3
Third-party Assurance: Not disclosed
UN Sustainable Development Goals
- Not disclosed
Not disclosed
Sustainable Products & Innovation
- Not disclosed
Awards & Recognition
- Great Place to Work certification
- EcoVadis Silver and Gold Medals