Climate Change Data

Verisure Midholding AB

Climate Impact & Sustainability Data (2022)

Reporting Period: 2022

Environmental Metrics

Total Carbon Emissions:172,668 tCO2eq (location-based)
Scope 1 Emissions:38,050 tCO2eq
Scope 2 Emissions:2,526 tCO2eq (location-based)
Scope 3 Emissions:126,886 tCO2eq
Renewable Energy Share:67%
Total Energy Consumption:17,110 MWh
Carbon Intensity:61.1 tCO2eq/monetary unit (market-based)

ESG Focus Areas

  • Our Customers
  • Our People
  • Our Communities
  • Our Planet
  • Ethics & Integrity

Environmental Achievements

  • Improved carbon footprint measurement model and calculations.
  • Defined 2030 targets and commitments for GHG emission reduction, aiming for Net Zero by 2050.
  • 3% reduction of plastic in three products, contributing to a reduction of approximately 22 metric tonnes of plastic in inbound transportation packaging.

Social Achievements

  • Highest-ever score in employee engagement survey.
  • Added more than 2,800 new positions.
  • Prioritized role as a social elevator, opening career development opportunities.
  • Supported refugees from Ukraine.
  • Protected over 2,800 women through COMETA program.
  • Improved diversity and inclusion support in the workplace (up by 4 p.p. compared to last year and 17 p.p. since 2016).

Governance Achievements

  • Strengthened ESG central team and country ESG network.
  • Formalised Group ESG strategy.
  • Implemented specific ESG governance, including a new ESG Board Committee.
  • Updated Group Data Privacy Policy.
  • No significant data privacy incidents.
  • Bitsight rated cyber security posture as “advanced”.

Climate Goals & Targets

Long-term Goals:
  • Achieve Net Zero emissions by 2050.
  • Achieve zero landfill strategy by 2035.
Medium-term Goals:
  • Reduce GHG emissions on a revenue-intensity basis by more than 40% by 2030 vs 2021.
  • Increase renewable energy use in buildings to more than 80% by 2030.
  • Reduce disposable plastics in product packaging by 75% by 2030.
  • Achieve 100% acceptance of Supplier Standards and Ethical Code by 2025.
Short-term Goals:
  • Reduce plastic in product packaging by 3%.

Environmental Challenges

  • Transition to electric fleet presents operational challenges (recharging infrastructure, time needed for recharging).
  • Increased cost of raw materials due to supply chain disruptions and geopolitical conflicts.
  • Potential increase in carbon prices.
  • Enhanced emissions reporting obligations.
  • Cost of transition to lower-emission technology.
Mitigation Strategies
  • Analyzing optimum level of DIY maintenance vs. technician visits to reduce distances driven.
  • Transitioning to hybrid and electric vehicles depending on public infrastructure rollout.
  • Finding alternative suppliers and improving inventory management.
  • Reducing carbon footprint across value chain.
  • Enhancing carbon emission model.
  • Investing in energy efficiency.

Supply Chain Management

Supplier Audits: 88% of strategic product and logistic suppliers audited in 2022.

Responsible Procurement
  • Supplier Standards and Ethical Code aligned with UN Global Compact Ten Principles.
  • ESG criteria added to e-sourcing tool.
  • Supplier-Diversity programme launched.

Climate-Related Risks & Opportunities

Physical Risks
  • Extreme temperatures, water-related and wind-related events, drought.
Transition Risks
  • Increased cost of raw materials, increased stakeholder concern, increased pricing of GHG emissions, enhanced emissions reporting obligations, cost of transition to lower-emission technology.
Opportunities
  • Increased demand for monitoring services due to climate events.

Reporting Standards

Frameworks Used: GRI, CSRD, SASB, TCFD, SFDR, UNGC

UN Sustainable Development Goals

  • SDG 5 (Gender Equality)
  • SDG 8 (Decent Work and Economic Growth)
  • SDG 10 (Reduced Inequalities)
  • SDG 12 (Responsible Consumption and Production)
  • SDG 13 (Climate Action)
  • SDG 16 (Peace, Justice and Strong Institutions)

Contribution through daily activities and initiatives.

Sustainable Products & Innovation

  • New product platform with PreSense™ technology; first video-detector with embedded Full HD video camera.

Awards & Recognition

  • Two iF Design Awards, Red Dot Design Award, Product of the Year awards in Portugal and Italy, Consumer Choice award in Spain and Portugal, Top Generation Diversity Company award (Spain), Best Workplace for Millennials (Argentina), Great Place to Work certification (Italy, Chile, Peru, Belgium, Brazil), Top Employers certification (Spain, France).