ISS AS
ESRS disclosure
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- Does the undertaking identify any material prior period errors as outlined in ESRS 1, section 7.5, regarding reporting errors in prior periods, and if so, what disclosures are provided in relation to these errors?
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Question Id: E1-1_01
No material prior period errors are identified.
Report Date: 4Q2024Relevance: 75%
- Provide an explanation of how your company's greenhouse gas emission reduction targets align with the objective of limiting global warming to 1.5°C, as stipulated by the Paris Agreement, in accordance with Disclosure Requirement E1-1 regarding the transition plan for climate change mitigation.
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Question Id: E1-1_02
In 2023, our near-term emission reduction targets for scope 1, 2, and 3 were validated by the Science-Based Target initiative. Beyond these validated targets, our decarbonisation ambition is anchored in our commitment to achieve Net Zero for scope 1 and 2 (market-based) by 2030 and for scope 3 by 2040. These ambitions align with the principles of the Paris Agreement’s goal of limiting global warming to 1.5 degrees Celsius.
Report Date: 4Q2024Relevance: 85%
- Provide a detailed account of the decarbonisation levers identified and the key actions planned within your transition plan for climate change mitigation. This should include references to your GHG emission reduction targets and climate change mitigation actions, as specified in Disclosure Requirements E1-4 and E1-3. Additionally, elucidate any changes anticipated in your product and service portfolio, as well as the adoption of new technologies within your operations or across the upstream and/or downstream value chain.
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Question Id: E1-1_03
Our decarbonisation levers are:
- Decarbonising our supply chain
- Driving efficiency in own operations
- Downstream behavioral change
- Renewable energy
Our key actions in regard to decarbonising our supply chain is working with our supplier engagement with a particular focus on our supply chain and our largest category suppliers.
Our key actions in regard to driving efficiency in our own operations include continued efficiency improvements in our service products currently focused on the roll out of our PureSpace cleaning service and our new efficiency and sustainability training for our placemakers currently being developed.
Our key action in regard to renewable energy is our ongoing fleet electrification, which will reduce our scope 1 emissions and allow for renewable energy to be used for vehicle charging under scope 2. We have switched a portion of our energy consumption to renewable energy, but are yet to formalise a renewable energy strategy and related actions.
Report Date: 4Q2024Relevance: 80%
- Provide a detailed account of your organization's significant operational and capital expenditures necessary for the execution of your climate change mitigation transition plan, as outlined in Disclosure Requirement E1-1. This should include an explanation and quantification of investments and funding, referencing the key performance indicators of taxonomy-aligned capital expenditures, and, where applicable, the capital expenditure plans disclosed in accordance with Commission Delegated Regulation (EU) 2021/2178.
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Question Id: E1-1_04
Our decarbonisation activities have so far not required significant dedicated funding of operating expenses. The majority of activities are executed with existing resources as an integrated part of ordinary business operations. We have not allocated increased operating expenses to decarbonisation activities and we are sensitive to increased cost in our supply chain and our own operations in our cost base.
In terms of CapEx funding for transition initiatives have not identified significant CapEx investment needs. Our action in regard to fleet electrification is so far funded with our ordinary CapEx spend and we have not allocated excess CapEx funding capacity for this purpose.
Report Date: 4Q2024Relevance: 60%
- Provide a qualitative assessment of the potential locked-in greenhouse gas (GHG) emissions from your company's key assets and products. Explain whether and how these emissions could jeopardize the achievement of your GHG emission reduction targets and contribute to transition risk. Additionally, if applicable, describe your company's plans to manage its GHG-intensive and energy-intensive assets and products.
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Question Id: E1-1_07
We do not consider any significant carbon emissions to be locked-in or for any significant portion of assets to be considered as stranded. This is a result of our generally asset-light business operations and the structure and relatively short term of the contractual relationships behind our right-of-use assets, primarily vehicles and corporate facilities.
Report Date: 4Q2024Relevance: 60%
- Provide a detailed explanation of any objectives or plans related to capital expenditures (CapEx), capital expenditure plans (CapEx plans), and operational expenditures (OpEx) that your undertaking has formulated to align its economic activities, including revenues, CapEx, and OpEx, with the criteria set forth in Commission Delegated Regulation 2021/2139, as required under Disclosure Requirement E1-1 concerning the transition plan for climate change mitigation.
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Question Id: E1-1_08
Our activities and business profile are not within the target area of the EU taxonomy regulation and we do not plan to further align our activities with the EU taxonomy regulation. We are not excluded from the EU Paris-aligned Benchmarks.
Report Date: 4Q2024Relevance: 30%
- Provide a disclosure of significant capital expenditures invested during the reporting period in coal-related economic activities, as required by Disclosure Requirement E1-1 – Transition plan for climate change mitigation, paragraph 14.
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Question Id: E1-1_09
No significant capital expenditures in coal-related economic activities are disclosed.
Report Date: 4Q2024Relevance: 75%
- Provide a disclosure of the significant capital expenditures (CapEx) amounts invested during the reporting period that are associated with oil-related economic activities, as required under Disclosure Requirement E1-1 concerning the transition plan for climate change mitigation, if applicable.
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Question Id: E1-1_10
No significant capital expenditures in oil-related economic activities are disclosed.
Report Date: 4Q2024Relevance: 75%
- Provide a detailed disclosure of significant capital expenditures (CapEx) invested during the reporting period specifically related to gas-related economic activities, as part of the transition plan for climate change mitigation, in accordance with Disclosure Requirement E1-1.
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Question Id: E1-1_11
No significant capital expenditures in gas-related economic activities are disclosed.
Report Date: 4Q2024Relevance: 25%
- Is the undertaking excluded from the EU Paris-aligned Benchmarks as part of the Disclosure Requirement E1-1 concerning the transition plan for climate change mitigation?
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Question Id: E1-1_12
We are not excluded from the EU Paris-aligned Benchmarks.
Report Date: 4Q2024Relevance: 75%