Most emissions in this climate disclosure originate from actual data (either activity data or spend data). The only category where emissions are completely estimated is employee commuting. The emissions are based on average distance, mode of transport, and work-from-home percentage found in relevant research. An employee survey to collect data on Doconomy’s employees’ actual commuting habits would be the next step to improving the results.
Apart from being a rapidly growing company, there are some noticeable events and changes that impacted the results.
The Covid 19 pandemic has affected Doconomy’s operation during 2021, as it has for many other companies and organizations. The pandemic has put restrictions on business travel as well as the employees’ possibility to work from the office. In the climate disclosure, this is reflected in lower emissions in employee commuting and business travel, compared to a ”normal” year.
Doconomy has also moved into new office spaces in Stockholm, and there was an overlap of one and a half months during 2021 where Doconomy had both the old and new offices. Both have been included in the office-related emissions in this disclosure.
Since a full materially analysis was conducted, new categories have been included in the reporting scope. Mainly a more comprehensive set of sub-categories within purchased goods and services, but also the use of sold products, which is an essential part of Doconomy’s operations. These additions have led to increased total emissions compared to last year, but also a better representation of the company’s total climate footprint.
Doconomy is currently exploring the possibility of an overarching emission target for the company’s operations, as well as activities that have the potential to decrease the company’s largest sources of emissions. Doconomy intends to commit to the Science Based Targets initiative and set a science-based target.
While recognizing the importance of lowering the yearly emissions, Doconomy also purchases carbon credits corresponding to the total carbon footprint associated with its operation each year. In this decision two separate dimensions are considered; the absolute number of tonnes emitted and the social cost of carbon (SCC) that the emissions correspond to. The social cost of carbon is currently fixed at 132 USD / tonne CO2e according to Doconomy’s Åland Index. The purchase of carbon credits follows Doconomy’s Carbon Offsetting Policy and is carried out in two steps:
- The total of Doconomy’s carbon footprint in tonnes is offset through the purchase of registered carbon credits from projects that are already certified by the most established and well-recognized conventional offsetting standards.
- As Doconomy uses the SCC to calculate the societal cost of the company’s climate footprint, the market price of the conventional carbon credits is usually much lower per tonne, and a residual remains after the purchase. This amount is then used to invest in new, frontier carbon removal projects. By this approach, Doconomy can channel additional capital into the development of much-needed solutions that require investments to scale.
For additional information on Doconomy’s Carbon Offsetting Policy please contact Doconomy directly or Helena Kernell, Head of Impact at email@example.com.