Climate Change Data

Environmental Metrics

Climate Goals & Targets

Environmental Challenges

• Strained liquidity caused by gradually reduced revenues, poor cost control, and high indebtedness.
• High debt burden from historical high-leverage acquisitions.
• Inability to meet financial covenants and amortisation requirements.

Mitigation Strategies

• Streamlining and concentrating operations.
• Increased focus on digital search services and online advertising sales.
• Cost-savings program.
• Recapitalisation plan (2017) involving debt settlement, share issuance, and a new loan agreement.
• Refinancing (2018) through bond issuance to refinance bank debt.
• Attempts at recapitalisation (2019-2020) involving exchange offers for preference shares, but ultimately unsuccessful.

Supply Chain Management

Climate-Related Risks & Opportunities

Environmental Metrics

ESG Focus Areas

• Responsible marketing and user data
• Personnel, social relations and human rights
• Environment
• Anti-corruption

Environmental Achievements

• Increased use of video conferencing and reduced air travel to minimize environmental impact from digital operations.

Social Achievements

• Maintained collective bargaining agreements in Sweden and Norway.
• Achieved gender parity in the workforce (60% women, 40% men).
• Implemented a whistleblower function for reporting ethical concerns.

Governance Achievements

• Adopted the UN Global Compact principles as the basis for its sustainability policy.
• Implemented anti-corruption training for all sales personnel.

Climate Goals & Targets

Environmental Challenges

• Decreasing customer base for own search site products.
• Increased competition from global players in digital marketing.
• Decreased revenue in the number information services due to increased digitization and competition.

Mitigation Strategies

• Developed new digital services to increase customer value and reduce reliance on traditional search products.
• Focused on cost reduction measures, including staff reductions.
• Continuously updated action plans to ensure operational and financial flexibility.

Supply Chain Management

Responsible Procurement

• Environmental and ethical considerations are included in supplier selection.

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: UN Global Compact