Climate Change Data

Environmental Metrics

ESG Focus Areas

• Lowering our climate impact
• Being an attractive employer
• Maintaining our high level of customer excellence

Environmental Achievements

• Reduced scope 2 emissions in 2021, almost exclusively due to lower electricity emissions. Emissions per employee also decreased significantly.
• Total greenhouse gas emissions amounted to 13.3 tons of CO2-equivalents (tCO2e) in 2021.
• Offset emissions by investing in a project for biomass-based power generation in Maharashtra, India.

Social Achievements

• Employee turnover was 6.7% in 2021, down from 9.5% in 2020.
• Sick leave was 2.1% in 2021, all due to non-work-related incidents.
• Implemented initiatives to improve employee health, including replacing computer screens, updating the office, and arranging social events.

Governance Achievements

• Developed a new climate policy in 2021, defining how to manage climate impacts.
• Implemented a two-step verification in the Cemasys system.
• Changed cloud-based system supplier to Microsoft Azure in 2020, increasing focus on customer privacy and data security.

Climate Goals & Targets

Environmental Challenges

• Managing the impact of the COVID-19 pandemic on work and operations.
• Controlling energy use in rented office space.
• Reducing scope 3 emissions, particularly from purchased goods and services.

Mitigation Strategies

• Adapted to working from home and maintained strong digital communication.
• Implemented initiatives to limit energy impact in the new office (e.g., turning off lights and appliances).
• Invested in modern video conferencing equipment to reduce business travel.

Supply Chain Management

Responsible Procurement

• Sustainable purchasing practices

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: Greenhouse Gas Protocol, GRI, TCFD

Certifications: Eco-lighthouse

Environmental Metrics

ESG Focus Areas

• Greenhouse gas emissions reduction
• Employee well-being
• Sustainable business practices throughout the value chain
• Data security and privacy
• Responsible purchasing
• Human rights
• Diversity, inclusion, and belonging

Environmental Achievements

• 17.6% reduction in Scope 2 emissions compared to 2021
• Planting of 750,000 mangrove trees in Myanmar through the CEMAsys Climate Park

Social Achievements

• 95% response rate in the 2022 employee culture analysis
• Appointment of two union representatives by employees
• 50% increase in total workforce in Oslo office
• Establishment of CEMAsys US with a Boston office

Governance Achievements

• Implementation of a two-step verification system and transition to Microsoft Azure for enhanced data security
• Redevelopment of supplier evaluation process to understand impact and improve purchasing practices
• Conducted a TCFD analysis to identify climate-related risks and opportunities

Climate Goals & Targets

Environmental Challenges

• Increase in Scope 3 emissions (185% increase from 2021 to 2022)
• Challenges in addressing Scope 3 emissions from the value chain
• Increase in employee turnover (8.4% in 2022 compared to 1.7% in 2021)
• Potential human rights impacts in tier 3 suppliers
• Risks related to system developers located in Ukraine due to political instability

Mitigation Strategies

• Improved data quality and reporting practices for Scope 3 emissions
• Continued data collection and evaluation of relevant Scope 3 emissions
• Focus on reducing residual waste
• Updated lunch arrangement to minimize food waste
• Development of a low-carbon transition plan (to be completed in Q4 2023)
• Implementation of actions to secure the safety of system developers in Ukraine
• Development of a security plan to mitigate risks related to data system security

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Prioritizing suppliers offering certified or eco-labeled products
• Holding suppliers accountable for adhering to sustainable business principles

Climate-Related Risks & Opportunities

Transition Risks

• Market and reputational risks/opportunities related to the transition to a low-carbon economy

Opportunities

• Market and reputational opportunities related to the transition to a low-carbon economy

Reporting Standards

Frameworks Used: GRI 2021 Standard, TCFD, SBTi

Certifications: Eco-Lighthouse

Third-party Assurance: Not disclosed

Sustainable Products & Innovation

• Cloud-based data management system for ESG data analysis

Awards & Recognition

• Gazelle list in Norway (2021 and 2022)

Environmental Metrics

ESG Focus Areas

• Climate Change
• Employee Well-being
• Sustainable Business Practices
• Data Security and Privacy
• Responsible Purchasing
• Anti-Corruption

Environmental Achievements

• Helped 91 companies set science-based targets and emission reduction plans.
• Assisted 43 companies in achieving a leadership level rating on CDP.

Social Achievements

• Maintained a low employee turnover rate (8.3% in 2023).
• Zero registered work-related injuries in 2023.
• Expanded operations by opening offices in Copenhagen and Stockholm.

Governance Achievements

• Published a due-diligence report for 2023.
• Implemented a two-step verification system and transitioned to Microsoft Azure for enhanced data security.
• No reported concerns regarding breaches of code of conduct in 2023.

Climate Goals & Targets

Environmental Challenges

• Increased Scope 2 and 3 emissions due to global office expansion.
• Increased waste generation (65% rise from 2022).
• Potential human rights risks within tier 3 suppliers.
• Data security risks associated with system solutions and developers.

Mitigation Strategies

• Developing a low-carbon transition plan to address carbon emissions.
• Refining waste management strategies.
• Redeveloping supplier evaluation process to understand impact and improve purchasing practices.
• Implementing security plan including technical solutions, employee training, and system audits.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Prioritizing suppliers with certified or eco-labeled products.
• Holding suppliers accountable for adhering to sustainable business principles.

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Reputational risks
• Market risks

Opportunities

• Market opportunities
• Reputational opportunities

Reporting Standards

Frameworks Used: GRI

Certifications: Eco-Lighthouse

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed