Climate Change Data

VERMEG

Climate Impact & Sustainability Data (2021, 2022)

Reporting Period: 2021

Environmental Metrics

Total Carbon Emissions:1560 tCO2e/year (2021)
Scope 1 Emissions:33.9 tCO2e/year (2021)
Scope 2 Emissions:476.2 tCO2e/year (2021)
Scope 3 Emissions:1049.2 tCO2e/year (2021)
Renewable Energy Share:0%
Total Energy Consumption:1091 MWh/year (2021)
Water Consumption:2366 m3/year (2021, Tunisia only)
Waste Generated:95827 kg/year (2021)
Carbon Intensity:16.4 tCO2e/M€ (2021)

ESG Focus Areas

  • Carbon Neutral
  • Equal Opportunities
  • Art & Culture Development

Environmental Achievements

  • Reduced CO2 emissions to 1560 Teq CO2 in 2021 from 1800 in 2020 and 3154 in 2019. Significant decrease in air travel emissions.
  • Implemented waste reduction program (3R: Reduce, Reuse, Recycle) across all offices.
  • Implemented Green IT approach for products and services.

Social Achievements

  • Launched and globally deployed the "Empowered by VERMEG" program.
  • Improved employee wellbeing through various initiatives (better workspace, wellness activities, etc.).
  • Improved gender diversity (41.5% women in workforce in 2021).
  • Low attrition rate (13.2% in 2021).

Governance Achievements

  • Achieved EcoVadis Gold certification.
  • Published "Ethics Policy as Code of Conduct" and made it available to all stakeholders.
  • Implemented a robust CSR governance structure across all regions.

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Achieve 25% women in management positions.
Short-term Goals:
  • Maintain EcoVadis Gold certification.
  • Reduce carbon emissions by 8% per year.

Environmental Challenges

  • Maintaining EcoVadis Gold certification amidst international expansion.
  • Reducing environmental impact of business travel and IT infrastructure.
  • Addressing regional inequalities and promoting equal opportunities.
  • Maintaining high employee engagement and retention in a competitive market.
Mitigation Strategies
  • Strengthened CSR governance and ambassador program.
  • Implemented various initiatives to reduce carbon emissions (e.g., promoting teleworking, video conferencing, electric vehicles).
  • Launched various initiatives to support local communities and promote education.
  • Implemented various employee wellbeing initiatives and HR reforms to improve retention and engagement.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Sustainable and solidarity purchasing policy
  • Ethics Policy and CSR Policies Handbook for suppliers

Climate-Related Risks & Opportunities

Physical Risks
  • Not disclosed
Transition Risks
  • Not disclosed
Opportunities
  • Not disclosed

Reporting Standards

Frameworks Used: UNGC, EcoVadis

Certifications: ISO 27001

Third-party Assurance: EcoVadis

UN Sustainable Development Goals

  • Goal 7 (Affordable and clean energy)
  • Goal 8 (Decent work and economic growth)
  • Goal 10 (Reduced inequalities)
  • Goal 13 (Climate action)

Various initiatives contribute to these goals.

Sustainable Products & Innovation

  • Palmyra Studio (Green IT platform)

Awards & Recognition

  • EcoVadis Gold Medal
  • Great Place to Work
  • Best Place to Work for LGBTQ Equality

Reporting Period: 2022

Environmental Metrics

Total Carbon Emissions:2533 tCO2e/year (excluding commute)
Scope 1 Emissions:13 tCO2e/year
Scope 2 Emissions:628 tCO2e/year
Scope 3 Emissions:1885 tCO2e/year
Renewable Energy Share:Not disclosed
Total Energy Consumption:1520 MWh/year
Water Consumption:3865 m3/year
Waste Generated:Not disclosed
Carbon Intensity:27.5 tCO2e/M€ (excluding commute)

ESG Focus Areas

  • Carbon Neutral
  • Equal Opportunities
  • Art & Culture Development

Environmental Achievements

  • Reduced carbon emissions by 20% between 2019 and 2022 (excluding commute)
  • Implemented a waste reduction program (5R: Refuse, Reduce, Reuse, Repurpose, Recycle)
  • Joined the Science Based Targets initiative (SBTi)

Social Achievements

  • Launched the "Empowered by VERMEG" program globally, enhancing employee wellbeing
  • Increased percentage of women amongst managers and directors
  • Implemented various welfare initiatives (team building, gifts, organic food, etc.)

Governance Achievements

  • Implemented ESG within corporate governance
  • Published an "Ethics Policy as Code of Conduct",
  • Strengthened staff protection measures

Climate Goals & Targets

Long-term Goals:
  • Carbon neutrality
Medium-term Goals:
  • Achieve 25% women in management and director positions
Short-term Goals:
  • Reduce carbon emissions by 8% per year

Environmental Challenges

  • Global footprint requiring adaptation of CSR governance
  • Maintaining high employee retention in a competitive market
  • Reducing environmental impact despite primarily intellectual nature of services
Mitigation Strategies
  • Empowered CSR leaders and ambassadors
  • Implemented HR reforms to improve retention and attractiveness
  • Annual carbon assessments and implementation of Green IT initiatives

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Sustainable procurement policy
  • Solidarity procurement policy
  • Ethics Policy and CSR Policies Handbook for suppliers

Climate-Related Risks & Opportunities

Physical Risks
  • Heat waves
  • Water and food supply pressure
Transition Risks
  • Regulatory changes
  • Market shifts
Opportunities
  • Development of energy-efficient products

Reporting Standards

Frameworks Used: UNGC, EcoVadis, SBTi

Certifications: ISO 27001, EcoVadis Gold

Third-party Assurance: EcoVadis

UN Sustainable Development Goals

  • Goal 7 (Affordable and clean energy)
  • Goal 13 (Climate action)

Various initiatives contribute to these goals

Sustainable Products & Innovation

  • Not disclosed

Awards & Recognition

  • EcoVadis Gold Medal
  • Great Place to Work