Our commitment to ESG is intrinsic to our company purpose, mission, and corporate values. Our ESG strategy comprises five pillars, as shown below: Our Customers, Our People, Our Communities, Our Planet and Ethics & Integrity.
We provide Best-in-Class Protection & Peace of Mind to families and small businesses through professionally monitored security solutions that protect our customers, save lives, support vulnerable communities, and are designed with Data Privacy & Cyber Security in mind.
The purpose of our Diversity, Equity, Inclusion & Belonging strategic framework is to establish an environment where everyone can bring their best selves to work, ensuring access to opportunities through meritocracy and inclusion. We prioritise the Health, Safety & Well-being of our colleagues, offering them opportunities through Talent Management & Sustainable Engagement. We promote Employee Relations and uphold human rights by supporting the United Nations Global Compact (UNGC) initiative.
We are committed to being a positive actor in our communities, creating valuable Community Impact through job creation and social initiatives, as well as promoting Sustainable Sourcing and diversity within our supply chain.
To help tackle Climate Change, we aim for Net Zero by 2050, reducing scope 1 & 2 GHG emissions (emissions in own operations) by more than 40% on a revenue-intensity basis by 2030 (vs.2021) and scope 3 GHG emissions (emissions in our value chain) by more than 40% on a revenue-intensity basis by 2030 (vs.2021), while boosting renewable energy use in our buildings to more than 80% by 2030. We are also improving Product Lifecycle Management & Circularity, with a zero landfill ambition by 2035.
Acting With Trust and Responsibility is core to our DNA and we are committed to enabling our people to act with the highest standards of Ethics & Integrity.
Our commitment to ESG is intrinsic to our company purpose, mission, and corporate values.
Listening to our suppliers, customers, colleagues, investors, partners and communities allows us to accelerate action and adapt to changing contexts. However, more importantly, engaging with our stakeholders helps us to make the right decisions with transparency, honesty and responsibility while continuing to align with our ambitious goal of making a difference in society.
We work to have a positive impact on the six Sustainable Development Goals (SDGs) that are most aligned with our strategy: gender equality, decent work and economic growth, reduced inequalities, responsible consumption and production, climate action and peace, justice, and strong institutions.
In addition, as participants of the United Nations Global Compact (UNGC), we aim to act responsibly and incorporate the Ten Principles of the UNGC on human rights, employment, anti-corruption, and the environment into our strategies and operations.
40%
women representation overall and 33% women representation in leadership as gender 2030 targets.
>80%
Sustainable Engagement survey score in 2023.
100%
of strategic and important suppliers rated in ESG by 2025.
-40%
scope 1&2 emission intensity as GHG 2030 targets vs 2021 and -40% scope 3 GHG emission intensity (revenue-intensity based).
Net Zero GHG emissions by 2050.
-75%
Single-use Plastics usage in Product Packaging by 2030 vs our plastic weight per unit in 2021.
5.1 M
families and small business protected as of December 31, 2023.
>28,000
employees as of December 31, 2023.
15,600
Net jobs created since 2016.
€681 M
Total tax paid and indirect taxes collected in 2023.
Our Group Compliance framework consists of our Group Code of Conduct, complemented by several policies and standards, including:
We have zero tolerance for discrimination or harassment based on any characteristic across all our operations. At Verisure we define discrimination as any unjust or prejudicial treatment of people on the grounds of characteristics like gender, race or ethnicity, age, national origin, religion or belief, sexual orientation, gender identity or expression, marital status or disability and harassment as behaviour directed at an individual or a group which creates an offensive, intimidating, humiliating, or hostile work environment.
To avoid and eradicate any conduct that may put someone’s integrity at risk, it is everyone’s responsibility to speak up if they suspect or witness a violation of our Code of Conduct, policies, standards, or applicable laws. To help colleagues and other stakeholders report events, our Group Speak-Up Framework and Policy explains the types of misconduct that should be reported and how to raise concerns.
Corruption and bribery are also addressed within our Group Code of Conduct and Group Anti-Bribery Policy, both available on our intranet sites for colleagues to read as well as on our website for investor access. As stated in other Policies and Standards, colleagues must also comply with these policy documents. It is our colleagues’ responsibility to speak up in case of any questions, doubts or concerns. Country management teams are responsible for identifying, managing, and mitigating bribery risks relevant to their businesses.
Everyone at Verisure handles personal data. It is therefore critical that we all are aware of the principles and rules to follow for such data and comply with them in all we do. This Policy sets the principles and rules we must all follow to protect personal data in our operations and continue earning the trust of our customers, colleagues and business partners.
Fair competition cuts across all areas of our business – when we purchase, when we sell, when we negotiate, and when we have contact with competitors. Violation of competition laws never pays off. This Policy sets the principles and rules to prevent breaches of competition law.
Tax Evasion, and the deliberate and dishonest facilitation of Tax Evasion by another person, are criminal offences. The purpose of this Policy is to prevent the facilitation of Tax Evasion by Third Parties we deal with.
This Policy provides a fundamental governance framework for operating the Group.
This Policy sets out specific goals, objectives, security-risk and requirements, defining accountability and responsibility for Information Security.
This Policy establishes the principles and responsibilities for acceptable use of IT, including what are acceptable and unacceptable behaviours.
In 2021, we created the Supplier Standards and Ethical Code, which also aligns with the Ten Principles of the UN Global Compact. This document was incorporated into our procurement sourcing tool throughout 2022, and its acceptance became a requirement in the qualification phase. We also started monitoring the compliance of our strategic and most relevant suppliers, based on the documentation provided.
Verisure received an ESG Risk Rating of 7.1 and was assessed by Morningstar Sustainalytics1 to be at negligible risk of experiencing material financial impacts from ESG factors. During the process, the company was also recognised as an ESG Global 50 Top Rated company, as well as an ESG Regional and Industry Top Rated company.
1 In November 2023, Verisure Midholding AB received an ESG Risk Rating of 7.1 and was assessed by Morningstar Sustainalytics to be at Negligible risk of experiencing material financial impacts from ESG factors. In no event the labels above shall be construed as investment advice or expert opinion as defined by the applicable legislation. Copyright © 2024 Sustainalytics, a Morningstar company. All rights reserved. This publication includes information and data provided by Sustainalytics and/or its content providers. Information provided by Sustainalytics is not directed to or intended for use or distribution to India-based clients or users and its distribution to Indian resident individuals or entities is not permitted. Morningstar/Sustainalytics accepts no responsibility or liability whatsoever for the actions of third parties in this respect. Use of such data is subject to conditions available at https://www.sustainalytics.com/legal-disclaimers/
