2018

Climate compensation

We are the first company in our business sector to compensate for our employees’ carbon emissions at work and in their spare time.

Why climate compensation?

Environmental impact is one of the sustainability issues our employees consider most important for S&P’s sustainability work. Climate compensation is one way to take responsibility for climate impact. It allows us to supply finance that enables the development of green projects and accelerates the transition to green energy production. The system creates a win-win opportunity for our planet and the UN-regulated projects in the least developed countries, generating clean energy for sustainable development.

How much do we compensate for?

Based on the United Nations' statistics on the average citizen’s climate footprint, we have calculated Söderberg & Partners’ employees’ total emissions and doubled the climate compensation per employee. Our climate compensation covers all our employees in Sweden, Finland, Denmark, Norway, the Netherlands, Spain and Luxemburg. These employees are climate compensated at work as well as in their spare time.

What difference does it make?

Our climate compensation is currently financing a project generating cleaner energy in the Kalasin province in Thailand. Harmful and odorous methane emissions from wastewater have been cleverly repurposed to generate biogas energy at a Cassava starch plant. This has greatly improved the air quality of the area, and created new training and job opportunities for local workers. Every year, the Bangna Biogas project generates 8 800 MWh of clean electricity and prevents 40 000 tonnes of CO2 from entering the atmosphere. It also contributes to better wastewater management and the creation of new jobs in the province.

”The climate certification will hopefully inspire our employees to take own initiatives to lower their day-to-day climate impact. Not least do I hope it will take the industry in a direction where business actors take responsibility and compensate for their climate impact.”

– Gustaf Rentzhog, CEO and Head of Group Söderberg & Partners.

What happens now?

In addition to our climate compensation, we want to incentivize our employees to take their own steps towards a climate-friendly lifestyle. Starting in spring 2019, we will begin to implement an internal carbon compensation scheme in several areas including new personal business vehicles. We believe that the compensation scheme will make climate-friendly alternatives more appealing to everyone.