Focus area 2: Combating climate change
Long-term goal for combating climate change:
Reducing absolute scope 1 and scope 2 GHG emissions 42% by 2030
Due to Hemnet’s digital business model, we have a low impact on the climate and the environment. Nevertheless, we are determined to take responsibility and do our part to create a well-functioning real estate market within the planetary boundaries. Hemnet strives to have no local physical IT operations and we only use cloud services, meaning there is no server equipment that Hemnet manages directly on-site. Today, Hemnet has two primary IT solutions providers, both with their own ambitious CO2 emissions targets.
Hemnet is committed to bringing hardware returned by former employees back into service. Obsolete computers, monitors and mobile phones that no longer meet the company’s needs are sold to companies that specialise in buying back this type of equipment. Other technical equipment that no longer functions or meets the company’s needs is first examined to see if there are components that can be reused or resold within the company. What is considered e-waste is forwarded to certified recycling companies.
As of February 2023, Hemnet has moved into a new office in a building owned and administrated by Vasakronan. Vasakronan has been ranked as one of the world’s most sustainable property owners by the organization GRESB (gresb.com) and applies very high standards within areas such as circularity and climate impact. This affects our office’s energy consumption (described under “Scope 2” below) and waste management. We have separated office waste for recycling for many years, but in our new office, waste management standards are higher than before. For an efficient and unbroken waste management chain, all waste is separated in our kitchenette, collected daily and brought to the building’s environmental room to be taken further in the waste cycle in a service provided by Vasakronan.
In 2022, Hemnet applied for participating in the Science Based Targets initiative (“SBTi”) and committed to the initiative’s near-term science-based emissions reduction target for small and medium enterprises and, by that, to reduce CO2 emissions by 42 percent by 2030. The SBTi approved Hemnet’s near-term target in January 2023. In this first step, Hemnet has committed to reducing emissions within scopes 1 and 2, and aims to review and set a long-term target for reducing emissions within scope 3 during 2023.
Emissions within Scope 1
Hemnet has no direct emissions that fall under scope 1.
Emissions within Scope 2
An essential part of our climate efforts is reducing energy consumption in our office, which is our only source of CO2 emissions within Scope 2. Our office building is powered by renewable electricity and for our office space, we have an additional service from our electricity provider that includes electricity from 100 percent renewable sources (solar, hydro or wind). The building in which our new office is located, which we moved into in February 2023, meets high environmental standards and has a platinum certificate under the green building rating system LEED. Most of the heating and cooling in our new office building is provided by a geothermal system and produces no CO2 emissions. The building is not (yet) fully self-sufficient and additional district heating is supplied. However, property owner Vasakronan always buys the cleanest available product and if energy from renewable sources is unavailable, Vasakronan climate compensates for the emissions.