- Persistent high inflation and a volatile macroeconomic environment impacting advertising revenues, the Job vertical, and Lendo.
- Challenges across various revenue streams due to macroeconomic headwinds.
- Slowdown in legacy distribution business due to a general volume decline combined with the lapse of Sunday distribution.
- Declining volumes in the Jobs vertical due to challenging market conditions.
- Challenges in obtaining accurate data and limited control over electricity consumption in employees’ homes.
- Slow progress in the electrification of heavy goods vehicles for long-distance routes.
Schibsted ASA
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, Schibsted ASA disclosed greenhouse gas emissions of 31.7K tCO2e/year (market-based); 19491 tCO2e/year (location-based). By scope: Scope 1: 0 tCO2e/year; Scope 2: 12.8K tCO2e/year (market-based); 591 tCO2e/year (location-based); Scope 3: 18.9K tCO2e/year. Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.
GHG Emissions
31.7K tCO2e/year (market-based); 19491 tCO2e/year (location-based)
2023
Renewable Energy
12% of total energy use
of total energy
Waste
2.8K tons/year (non-hazardous); 3 tons/year (hazardous)
2023
Energy Use
31.9K MWh/year
2023
📊 Emissions by Scope (2023)
| Scope | What it covers | Reported value |
|---|---|---|
| Scope 1 | Direct emissions from sources the company owns or controls (fuel combustion, company vehicles, process and fugitive emissions). | 0 tCO2e/year |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 12.8K tCO2e/year (market-based); 591 tCO2e/year (location-based) |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 18.9K tCO2e/year |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
📈 Emissions by Report Period
| Report period | Headline emissions figure reported |
|---|---|
| 2023 | 31.7K tCO2e/year (market-based); 19491 tCO2e/year (location-based) |
| 2022 | 22.6K tCO2e/year (location-based) |
| 2020 | 30.1K tCO2e/year |
| 2018 | 36.4K tCO2e/year |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Reduced emissions by 17% (location-based) and 7% (market-based) from 2022; 33% (location-based) and 24% (market-based) reduction since 2018.
- Reduced energy consumption by 12% since 2018.
- Source sorting/recycling of waste at Schibsted’s printing plants (Bergen, Nydalen and Vestby) amounts to over 98% combined.
- Significant increase in the number of sellers using the transactional service and in the proportion of ads sold in recommerce.
🎯 Climate & Sustainability Targets
🔜 Short-term
- Re-evaluation of climate and energy consumption targets post company split.
- GHG inventory reassessment for each new entity.
- Climate targets update to reflect operational changes.
- Resilience plan reassessment for each business.
- Implement governance structures for climate and energy data integration.
📅 Medium-term
- Double improvements in energy efficiency by 2030.
- Reduce GHG emissions by at least 55% by 2030.
- Achieve at least 90% reduction in GHG emissions and net zero by 2040.
- Fossil-free distribution in Oslo, Bergen and Stavanger by the end of 2025.
- Implement sustainability requirements for all sourcing of printed products.
🔭 Long-term
- Net zero emissions by 2040.
🌱 ESG Focus Areas
Independent and trustworthy journalismEmpower people to be informedResponsible advertisingSustainable printed productsUnbiased, inclusive and transparent job marketplacesTransparent and efficient mobility marketplacesFair and efficient real estate marketplacesEfficient market for circular consumption of goodsSustainable distributionResponsible marketplace and distribution partnersSustainable investmentsFair consumer offeringsEmpower consumers through comparison servicesAttractive workplaceDiversity, inclusion and belongingHealth and safetySkills developmentFair business practiceClimate impact and energy useSustainable supply chainCybersecurityResponsible use of data