Climate Change Data

Environmental Metrics

ESG Focus Areas

• Health and safety of employees
• Client engagement
• Cost management
• Cash generation
• Diversity and inclusion
• Compliance
• Sustainability

Social Achievements

• Improved injury rate by -14%
• Increased client retention rate to 91%
• 23% share of female managers
• Launched Purpose and Hero Award

Governance Achievements

• Continued to hone compliance work
• Implemented share-based incentive scheme

Climate Goals & Targets

Environmental Challenges

• Coronavirus pandemic negatively impacted sales and operating margin
• Reduced aviation security
• Increased provisioning to reflect enhanced risk
• Rising cost of labor

Mitigation Strategies

• Cost-saving actions
• Government grants
• Accelerated pace of transformation
• Successful exit from a number of smaller, less profitable markets
• Implementation of transformation programs
• Investment in IT and business platforms
• Remote guarding and intelligent solutions

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI

Third-party Assurance: PricewaterhouseCoopers AB

UN Sustainable Development Goals

• 5
• 8
• 16

Securitas supports the United Nations’ SDG's, focusing particularly on goals that affect our employees such as inclusion, gender equality and good working conditions.

Environmental Metrics

ESG Focus Areas

• Diversity
• Inclusion
• Gender equality
• Good working conditions
• Employee safety
• Environmental footprint reduction

Environmental Achievements

• Set limits for emissions from new purchased or leased company vehicles each year.
• Reduced environmental impact through digital ways of working

Social Achievements

• Launched Client Excellence Platform, standardizing key processes and ensuring client-centric approach.
• Launched a new brand identity and positioning.
• Securitas was awarded a net impact rating of AAA (Prime level) by the Upright Project.
• Securitas Security Services North America received the Outstanding Security Performance Award (OSPA).
• 24% share of female managers (target: at least the same as the share of women in the total workforce)
• 4% decrease in injury rate (target: 5% annual decrease)

Governance Achievements

• Complied with the Swedish Corporate Governance Code principle of “comply or explain” and has no deviations for 2021.
• Established a Three Lines Model to handle risks.
• Formalized a new and independent Group Internal Audit.

Climate Goals & Targets

Environmental Challenges

• Coronavirus pandemic impacting installation services and business premises closures.
• Shortage of components in electronic security and solutions business.
• Geopolitical situation in the world changed radically with Russia's invasion of Ukraine.

Mitigation Strategies

• Early actions focusing on protecting employee health and safety, staying close to clients, managing costs, and maintaining cash generation.
• Transformation programs to modernize and digitize the business.
• Active portfolio management.
• Cost-savings program.
• Acquisitions to strengthen market position (e.g., Protection One, Tepe Güvenlik, Supreme Security).

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI

Sustainable Products & Innovation

• Risk prediction service.

Awards & Recognition

• AAA net impact rating from Upright Project.
• OSPA award for Security Services North America.

Environmental Metrics

ESG Focus Areas

• Diversity, Equity and Inclusion
• Health and Safety
• Learning and Development
• Environment
• Business Ethics
• Community Involvement

Environmental Achievements

• Committed to Science Based Targets initiative (SBTi)

Social Achievements

• Launched a Group-wide Diversity, Equity and Inclusion (DE&I) strategy
• Launched a customized mandatory e-learning program on inclusion and unconscious bias for all employees globally
• Rolled out a global leadership framework
• Designed, created and launched an executive development program for senior leaders across the globe
• Relaunched Securitas Toolbox

Governance Achievements

• Complied with the Swedish Corporate Governance Code principle of “comply or explain” and has no deviations for 2022
• Established a new and independent Group Internal Audit

Climate Goals & Targets

Environmental Challenges

• Tight labor markets
• Increased inflation and interest rates
• Global supply chain issues
• Labor shortage
• Geopolitical uncertainty

Mitigation Strategies

• Dynamic approach to price increases
• Active portfolio management
• Business transformation programs
• Investments in digitization and Securitas Digital
• Value creation from joining forces with STANLEY Security

Supply Chain Management

Responsible Procurement

• Business partner code of conduct

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: GRI Universals Standards, UN Global Compact

Certifications: ISO 45001

Third-party Assurance: Upright Project

UN Sustainable Development Goals

• Goal 3
• Goal 4
• Goal 5
• Goal 8
• Goal 9
• Goal 13
• Goal 16

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• AAA net impact rating by the Upright Project

Environmental Metrics

ESG Focus Areas

• Diversity, Equity and Inclusion
• Health and Safety
• Learning and Development
• Environment
• Business Ethics
• Community Involvement

Environmental Achievements

• Environmental targets validated by the Science Based Targets initiative (SBTi) in December 2023, committing to a 42% reduction in absolute scope 1, 2, and 3 greenhouse gas emissions by 2030 from a 2022 base year.

Social Achievements

• Launched a first ever global employee engagement survey with a 47% participation rate, providing insights to improve employee performance and drive positive business outcomes.
• Achieved 90% of managers trained on the updated Securitas Toolbox.

Governance Achievements

• Complied with the Swedish Corporate Governance Code principle of “comply or explain” with no deviations for 2023.

Climate Goals & Targets

Environmental Challenges

• Tight labor market
• Negative earnings trend in the Securitas Critical Infrastructure Services business
• Weaker performance in Europe
• Health and safety injury rate increase of +6%
• Sustainability risks related to working conditions, occupational health and safety, access to talent, training, Securitas’ Values and Ethics Code, ethical business standards, protecting data, client relations, human rights, environment, and sustainability reporting compliance.

Mitigation Strategies

• Active portfolio management (accelerating transition to higher-margin solutions, renegotiating profitability margins, strategic exits)
• Extensive transformation programs (IT modernization, cost savings, efficiency gains)
• Global employee engagement survey to address employee concerns and improve working conditions
• Continuous employee training and development
• Implementation of a framework based on the ISO 45001 methodology for health and safety
• Policies and processes to ensure compliance with legal standards and ethical conduct
• Data protection and privacy measures
• In-depth understanding of clients’ sustainability requirements
• Risk assessments and employee training to mitigate human rights risks
• Continuous efforts to reduce resource consumption, emissions, and waste, with SBTi-validated targets.

Supply Chain Management

Responsible Procurement

• Business Partner Code of Conduct
• Compliance with anti-bribery and anti-corruption policy
• Supplier risk assessments and audits

Climate-Related Risks & Opportunities

Physical Risks

• Natural disasters

Transition Risks

• Introduction of global and regional climate legislation (carbon taxes, restrictions on fossil fuel-driven vehicles and equipment, energy efficiency requirements)

Reporting Standards

Frameworks Used: GRI Universal Standards, SBTi

Third-party Assurance: Assurance report on pages 148

UN Sustainable Development Goals

• Goal 3
• Goal 8
• Goal 9
• Goal 13
• Goal 16
• Goal 4
• Goal 5

Securitas supports the UN SDGs and takes them into consideration in its strategy work and daily operations. Specific targets are detailed in the report.