5.ESG in Argentum’s own operations
Argentum conducts an annual review of ESG in its own operations. This review is based on the company's sustainability strategy adopted in 2021. It includes evaluating selected sub-goals of the UN Sustainable Development Goals, GRI (Global Reporting Initiative), and emissions related to the company's operations.
UN Sustainable Development Goals
Target
Indicator
Status 2024
5.5: “Ensure women’s full and effective participation and equal opportunities for leadership at all levels of decision-making in political, economic and public life”.
Percentage of women in the company overall, in specialist functions and in management.
The percentage of women is 33,3 % in the company overall, 10 % in specialist functions, and 0 % in management.
8.3: «Promote development-oriented policies that support productive activities, decent job creation, entrepreneurship, creativity and innovation, and encourage the formalization and growth of micro-, small- and medium-sized enterprises, including through access to financial services»
Number of new investments in fund and amount invested in the funds
NOK 800 million in ten funds (primary).
12.6: «Encourage companies, especially large and transnational companies, to adopt sustainable practices and to integrate sustainability information into their reporting cycle»
Number of managers who have taken concrete steps to further develop their ESG policies/ESG routines.
65 %
13. Take urgent action to combat climate change and its impacts.
Development in CO2 emissions among portfolio companies that have reported on this
70 companies.
Scope 1: Decrease 6 % (median decrease 0.3 %).
Scope 2: Decrease 24 % (median decrease 0 %)
GRI-Indicators
The GRI comprises over 80 indicators for economic, social and environmental performance, with certain core indicators that must be reported unless they are of limited importance to the company.
GRI is a set of general reporting indicators used by several industries, with many of the indicators being of particular relevance to larger companies. For example, Argentum does not have production activities or own buildings but operates as an asset manager. The company has therefore decided to report on a selection of GRI indicators that are relevant to the company and its activities.
Below is an overview of the parameters Argentum reports on in connection with GRI.
| Indicator | Status 2024 | Status 2023 |
|---|---|---|
| Recycling | 32% | 32% |
| Business travel, CO2 equivalents | 30,7 tons | 40,0 tons |
| Business travel, CO2 equivalents (per FTE) | 1,07 tons | 1,57 tons |
| Sickness absence | 2,52 % | 2,32 % |
| Percentage of Women | 33,3 % | 33,3 % |
| Skills development (per employee) | 13,8 hours | 7,33 hours |
Carbon account
Argentum's carbon account for 2024 shows that the company's total greenhouse gas emissions remained stable compared to 2023. Emissions in Scope 1, which include the combustion of heating oil related to the operation of the company's premises, amounted to 8.48 tons CO2 equivalent in 2024. This represents an increase from 0.39 tons in 2023.
Scope 2 emissions, which relate to the company's energy consumption, were calculated at 6.04 tons CO2 equivalent, which is roughly the same level as the previous year.
Scope 3 emissions include, among other things, business travel, as well as recycling and waste indicators according to the GRI framework. These emissions totaled 31.72 tons of CO2 equivalent, accounting for 69 percent of the company's total emissions. There is a reduction in Scope 3 emissions compared to 2023, mainly due to reduced emissions levels related to travel activities. Emissions from travel activities were calculated at 30.7 tons CO2 equivalent in 2024.
| Summary of Greenhouse Gas emissions (location based) (tCO2e) | 2024 | 2023 |
|---|---|---|
| Scope 1 | 8,48 | 0,39 |
| Scope 2 | 6,04 | 6,25 |
| Scope 3 | 31,72 | 40,80 |
| SUM | 46,24 | 47,45 |