It’s a big part of our vision to uphold a society built on trust and transparency – defining qualities of a society where people can thrive and be happy on a healthy planet. The report is our way of communicating with our stakeholders on how we deliver on our vision.
Schibsted’s family of brands have an important societal and environmental impact, that’s why we empower circular and sustainable consumption, provide independent high-quality journalism and empower people to make informed choices through our products and services. In this report, you will find long-term ambitions and short-term targets on both societal and environmental impact on all our identified sustainability aspects.
Sustainability at Schibsted
Schibsted relies on you, our diverse workforce, to succeed. Acting responsibly and offering an exciting working environment is crucial to attracting and retaining the right people. It’s our ambition for the future to become a mature organisation when it comes to diversity, inclusion and belonging, striving to be the leading voice in our society, the leading employer in our industries and the most attractive employer in our main markets. We want to offer a workplace where all employees have the opportunity to develop skills and contribute to innovation. The report includes employee data on age, gender, level in the organisations and more. You can also check out the way we work and our hybrid pilot.
Our societal impact
The impact we have on society implies considerable social responsibility.
At its best, our:
- Journalism contributes to a functioning democracy,
- Online financial services have dramatically strengthened our users’ influence and power,
- Marketplaces facilitate an efficient and transparent market for goods, jobs, education and real estate.
In this year’s report, you can read more about stories from our newspapers and initiatives from our marketplaces that made a difference in 2021.
New to this year’s report is the disclosure of the EU Taxonomy, a classification system that establishes a list of environmentally sustainable economic activities. Currently, the transportation sector through our eCommerce & Distribution segment is the only business area included in the taxonomy.
Our environmental impact
This year, we’ve improved the data quality for our emissions – from business travel to paper consumption – to give us an accurate accounting of emissions, better control and more actionable insights. We have also included emissions from purchased devices (smartphones, laptops, computers, and monitors), as a result of a changemaker project looking into quantifying and reducing emissions by electronic devices.
In 2020, our emissions dropped by 13% due to reduced paper consumption and new habits during the pandemic. This year, we saw an increase of 1% in our emissions due to a pick-up in business travel, increased activity in our distribution companies and the improved accuracy of emissions from external data centres. That means that we have to ramp up our efforts to be in line with our ambitions, goals and commitments to decrease emissions by at least 50% by 2030 and net zero emissions by 2050. Where we can have the largest impact is through our products, services and innovations, as exemplified by the Second Hand Effect.
Climate risk analysis
The science is clear, global warming is affecting all parts of the world. This is the first year we have conducted and published a report on Schibsted risks related to climate change. We have based this on the framework recommended by the Task Force on Climate-related Financial Disclosures (TCFD). Understanding these risks and opportunities allows us to design a strategy and financial plan to manage and mitigate the impacts that follow. Even more importantly, by understanding the risks, we can turn them into opportunities.
Stay safe and sustainable.