Zalaris

Zalaris ASA, headquartered in Norway and operating in financial intermediation services, has established ambitious climate commitments aligned with Science Based Targets initiative (SBTi) standards.

Carbon Emissions Data:

For the reporting year 2024, Zalaris reported a total of approximately 2.05 million kg CO2e. This figure is comprised of:

• Scope 1 emissions: approximately 172,940 kg CO2e.
• Scope 2 emissions: approximately 847,330 kg CO2e (market-based) and 318,440 kg CO2e (location-based).
• Scope 3 emissions: approximately 1.03 million kg CO2e, with significant contributions from business travel (approximately 518,520 kg CO2e) and employee commute (approximately 475,330 kg CO2e).

In 2023, Zalaris reported approximately 105,750 kg CO2e for Scope 2 emissions and 300,000 kg CO2e for business travel within Scope 3. For 2022, Scope 2 emissions from purchased electricity were approximately 44,000 kg CO2e, and business travel within Scope 3 was approximately 189,000 kg CO2e. In 2019, business travel within Scope 3 was approximately 402,000 kg CO2e.

Climate Commitments and Reduction Targets:

Zalaris has set a comprehensive net-zero target by 2040. Further detailing their climate strategy, the company has committed to the following SBTi-aligned targets, all based on a 2024 baseline year:

• Near-Term Targets (by 2034):

  • A 58.8% reduction in absolute Scope 1 GHG emissions.
  • A 58.8% reduction in absolute Scope 2 GHG emissions.
  • A 35.0% reduction in absolute Scope 3 GHG emissions.
  • An increase in the active annual sourcing of renewable electricity from 35.0% in 2024 to 100.0% by 2030.

• Long-Term Targets (by 2050):

  • A 90.0% reduction in absolute Scope 1 GHG emissions.
  • A 90.0% reduction in absolute Scope 2 GHG emissions.
  • A 90.0% reduction in absolute Scope 3 GHG emissions, achieving net-zero greenhouse gas emissions across the value chain.

These targets, particularly the Scope 1 and 2 reductions, are consistent with keeping warming to 1.5°C. Zalaris ASA's climate commitments and emissions data are self-reported and do not appear to be cascaded from a parent organisation.