Climate Change Data

Storytel AB (publ)

Climate Impact & Sustainability Data (2023)

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:1798 tCO2e (Storytel Books)
Scope 1 Emissions:18 tCO2e (Storytel Books)
Scope 2 Emissions:49 tCO2e (Storytel Books)
Scope 3 Emissions:1731 tCO2e (Storytel Books)

ESG Focus Areas

  • Wellbeing of customers (Brainprint)
  • Wellbeing of the planet (Footprint)
  • Wellbeing of employees and partners (Fingerprint)

Environmental Achievements

  • Storytel Books reduced Scope 3 emissions by approximately 40% (from 3,174 to 1,798 tCO2e) due to lower print volumes, reduced paper weights, fewer four-color books, and improved data on paper qualities.
  • Avoided air freight in Storytel Books' operations.

Social Achievements

  • 82% of Storytel users reported increased reading habits since subscribing.
  • Launched Voice Switcher feature, personalizing listening experience with AI voices.
  • Organized The Great Reading Challenge, with record participation (45,000 students) and increased reading time.

Governance Achievements

  • Continued preparation for compliance with the Corporate Sustainability Reporting Directive (CSRD).
  • Completed a job evaluation project for the senior leadership team with Mercer.

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Potentially reach 20% EBITDA margins over time.
Short-term Goals:
  • Help more than 1.15 million people consume one book per month in 2024.
  • Align data collection and reporting with CSRD/ESRS in 2024.

Environmental Challenges

  • Slower economic growth, high inflation, and elevated interest rates impacting the global economy.
  • Decreased demand for physical books in the Nordic market.
  • Increased competition in the audiobook market.
Mitigation Strategies
  • Intensified focus on ten core markets for profitable growth.
  • Improved cost management and efficiency optimization.
  • Continued investments in original content and product development.
  • Strategic partnerships with telcos.

Supply Chain Management

Responsible Procurement
  • Supplier Code of Conduct aligned with UN Global Compact principles.
  • Norstedts Förlagsgrupp enforces a strict Code of Conduct for its Suppliers.

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: UN Global Compact

Certifications: FSC-certified paper (Mixed Sources) for almost all books