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HUBRO GROUP HOLDING AS

Sustainability Report

2024

Prepared in accordance with the EFRAG Voluntary Sustainability Reporting Standard for Non-Listed SMEs (VSME), released on 17 December 2024

Document Information

Entity Name
HUBRO GROUP HOLDING AS
Entity Identifier
9845001DABA64B69D332
Entity Identifier Scheme
http://standards.iso.org/iso/17442
Report currency
NOK
Report period
2024-01-01 – 2024-12-31
Decimal separator
. (FULL STOP)
Report generated
2025-06-16 12:34:31 +0000

All disclosures are related to the reporting period above unless specified otherwise.

Table of Contents

  1. [B01.000] - General information - Basis for Preparation
  2. [B01.100] - General information - List of subsidiaries
  3. [B01.200] - General information - List of sites
  4. [B02.000] - General information - Practices, policies and/or future initiatives for transitioning towards a more sustainable economy
  5. [B03.000] - Environment - Total Energy Consumption
  6. [B03.100] - Environment - Breakdown of energy consumption
  7. [B03.200] - Environment - Estimated Greenhouse Gas Emissions
  8. [B03.300] - Environment - Greenhouse Gas Emissions intensity
  9. [B06.000] - Environment - Water Withdrawal
  10. [B07.000] - Environment - Description of circular economy principles
  11. [B07.100] - Environment - Breakdown of waste by type
  12. [B07.200] - Environment - Total Hazardous and Non-Hazardous waste
  13. [B08.000] - Social - Workforce - General characteristics: type of contract
  14. [B08.100] - Social - Workforce - General characteristics: gender
  15. [B08.200] - Social - Workforce - General characteristics: country of employment
  16. [B08.300] - Social - Workforce - General characteristics: turnover rate
  17. [B09.000] - Social - Workforce - Health and safety
  18. [B10.000] - Social - Workforce - Remuneration, collective bargaining and training
  19. [C01.000] - General information - Strategy: Business Model and Sustainability – Related Initiatives
  20. [C02.000] - General information - Description of practices, policies and/or future initiatives for transitioning towards a more sustainable economy
  21. [C03.000] - Environment - Greenhouse Gas Emissions Reduction Baseline and Target Year
  22. [C03.100] - Environment - Greenhouse Gas Emission Reduction Targets
  23. [C03.200] - Environment - Disclosure of list of main actions the entity seeks to achieve its targets
  24. [C05.000] - Social - Additional (general) workforce characteristics
  25. [C06.000] - Social - Additional own workforce information - Human rights policies and processes
  26. [C07.000] - Social - Severe negative human rights incidents
  27. [C08.100] - Governance - Exclusion from EU benchmarks
  28. [C09.000] - Governance - Gender diversity ratio in the governance body

[B01.000] - General information - Basis for Preparation

Option B (Basic Module and Comprehensive Module)
Basis for preparation (Basic Module Only or Basic & Comprehensive Module)
Sustainability report prepared on a consolidated basis
Basis for reporting (consolidated or individual basis)
None
List of omitted disclosures deemed to be classified or sensitive information
private limited liability undertaking
Undertakings legal form
NACE N - 69.20 Accounting, bookkeeping and auditing activities; tax consultancy
NACE sector classification codes
kr 234.10
Assets
kr 213.13
Turnover
163.00
Number of employees
At the end of the reporting period
Employee counting methodology
Headcount
Type of number of employees
Norway
Country of primary operations and location of significant assets
For the whole group: None
For the subsidiary Balanse Økonomi: Miljøfyrtårn
Description of sustainability-related certification(s) or label(s)This disclosure should include, where relevant, the issuers of the certification or label, date and rating score

[B01.100] - General information - List of subsidiaries

Identifier of the subsidiary 2024-01-01 – 2024-12-31
Name of the subsidiary Registered address of the subsidiary
1 Hubro Group Holding AS Sandakerveien 138, 0484 Oslo, Norway
2 Athene Group AS Sandakerveien 138, 0484 Oslo, Norway
3 Athene Accounting AS, avd. Oslo Sandakerveien 138, 0484 Oslo, Norway
4 Athene Accounting AS, avd. Arendal Kystveien 14, 4841 Arendal, Norway
5 Athene Accounting AS, avd. Grimstad Bergemoveien 45, 4886 Grimstad, Norway
6 Athene Accounting AS, avd. Kristiansand Rigedalen 5, 4626 Kristiansand, Norway
7 Athene Accounting AS, avd. Sandnes Vassbotn 15A, 4313 Sandnes, Norway
8 Athene Spaces AS Sandakerveien 138, 0484 Oslo, Norway
9 Rg Regnskap AS Rosenholmveien 25, 1414 Trollåsen, Norway
10 Balanse Økonomi AS Trudvangveien 67, 3117 Tønsberg, Norway
11 Online Regnskap AS Einerveien 10, 3229 Sandefjord, Norway
12 Athene Accounting AB Textilgatan 31, 120 30 Stockholm, Sweden
13 Athene Tax AB Textilgatan 31, 120 30 Stockholm, Sweden
14 Athene Tax Oy Lönnrotinkatu 5, 00120, Helsinki, Finland
15 Athene BPO Services Bukowińska 10 / 76, 02-703 Warszawa, Poland

[B01.200] - General information - List of sites

Identifier of site 2024-01-01 – 2024-12-31
Address of site Postal code of site City of site Country of site GPS Location of site
1 Sandakerveien 138 0484 Oslo Norway 59.9518700,10.7672960
2 Sandakerveien 138 0484 Oslo Norway 59.9518700,10.7672960
3 Sandakerveien 138 0484 Oslo Norway 59.9518700,10.7672960
4 Kystveien 14 4841 Arendal Norway 58.4609009,8.7742524
5 Bergemoveien 45 4886 Grimstad Norway 58.3429840,8.5551200
6 Rigedalen 5 4626 Kristiansand Norway 58.1405953,7.9390745
7 Vassbotn 15A 4313 Sandnes Norway 58.9383211,6.1814364
8 Sandakerveien 138 0484 Oslo Norway 59.9518700,10.7672960
9 Rosenholmveien 25 1414 Trollasen Norway 59.8220870,10.7881740
10 Trudvangveien 67 3117 Tonsberg Norway 59.2824860,10.4152770
11 Einerveien 10 3229 Sandefjord Norway 59.1393332,10.2389824
12 Textilgatan 31 120 30 Stockholm Sweden 59.3022914,18.0894915
13 Textilgatan 31 120 30 Stockholm Sweden 59.3022914,18.0894915
14 Lonnrotinkatu 5 00120 Helsinki Finland 60.1669362,24.9398278
15 Bukowinska 10 / 76 02-703 Warszawa Poland 52.1826993,21.0255058

[B02.000] - General information - Practices, policies and/or future initiatives for transitioning towards a more sustainable economy

Climate change
Circular economy
Own workforce
Workers in the value chain
Business conduct
Sustainability issues addressed by practice, policy and/or future initiative
True
Practice, policy and/or future initiative is publicly available
True
Undertaking has set a target which is related to a policy

[B03.000] - Environment - Total Energy Consumption

362.00 MWh
Total energy consumption

[B03.100] - Environment - Breakdown of energy consumption

2024-01-01 – 2024-12-31
MWh
Total renewable and non-renewable energy Renewable energy Non-renewable energy
Energy consumption from electricity 362.00 340.00 22.00
Energy consumption from self-generated electricity 0.00 0.00 0.00

[B03.200] - Environment - Estimated Greenhouse Gas Emissions

2024-01-01 – 2024-12-31
tCO2e
Currently stated
Gross Scope 1 greenhouse gas emissions 0.00
Gross location-based Scope 2 greenhouse gas emissions 8.96
Gross market-based Scope 2 greenhouse gas emissions 6.53
Total (gross) location-based Scope 1 and Scope 2 GHG emissions 8.96
Total (gross) market-based Scope 1 and Scope 2 GHG emissions 6.53
Gross Scope 3 greenhouse gas emissions 155.91
Total (gross) location-based GHG emissions 164.87
Total (gross) market-based GHG emissions 162.44

[B03.300] - Environment - Greenhouse Gas Emissions intensity

0.7735260 tCO2e per €
Total location-based Greenhouse Gas Emissions intensityCalculation: (Scope 1 + Scope 2 + Scope 3 GHG emissions location-based) / turnover
0.7621341 tCO2e per €
Total market-based Greenhouse Gas Emissions intensityCalculation: (Scope 1 + Scope 2 + Scope 3 GHG emissions market-based) / turnover

[B06.000] - Environment - Water Withdrawal

1,317.50
Total amount of water withdrawn from all sites
0.00
Amount of water withdrawn at sites located in areas of high water-stress

[B07.000] - Environment - Description of circular economy principles

YES
Undertaking applies circular economy principles
Hubro follows the principles of a circular economy, practicing reuse and recycling as far as possible. The progress differs between the locations, but the trend is positive.
Description of how circular economy principles are applied

[B07.100] - Environment - Breakdown of waste by type

Type of waste 2024-01-01 – 2024-12-31
kg
Waste diverted to recycle or reuse (volume) Waste diverted to recycle or reuse (mass) Waste directed to disposal (volume) Waste directed to disposal (mass) Total waste recycled, reused and directed to disposal (volume) Total waste recycled, reused and directed to disposal (mass)
200101 Non-Hazardous Waste - Paper and cardboard 955.00 954.00 1,909.00
200104 Non-Hazardous Waste - Other plastics 20.00 21.00 41.00
200106 Non-Hazardous Waste - Other metals 142.00 264.00 406.00
200108 Non-Hazardous Waste - Organic kitchen waste 898.00 1,669.00 2,567.00
200301 Non-Hazardous Waste - Mixed municipal waste 1,864.00 3,463.00 5,327.00

[B07.200] - Environment - Total Hazardous and Non-Hazardous waste

0.00 kg
Total Hazardous waste generated (mass)
10,250.00 kg
Total Non-Hazardous waste generated (mass)
10,250.00 kg
Total waste generated (mass)Calculation: total Hazardous waste generated + total Non-Hazardous waste generated (mass)
0.00
Total Hazardous waste generated (volume)
0.00
Total Non-Hazardous waste generated (volume)
0.00
Total waste generated (volume)total Hazardous waste generated + total Non-Hazardous waste generated (volume)

[B08.000] - Social - Workforce - General characteristics: type of contract

161.00
Number of permanent contact employees
2.00
Number of temporary contract employees

[B08.100] - Social - Workforce - General characteristics: gender

55.00
Number of male employees
108.00
Number of female employees

[B08.200] - Social - Workforce - General characteristics: country of employment

Country of employment contract 2024-01-01 – 2024-12-31
Number of employees for country of employment contract
Finland 4.00
Norway 135.00
Poland 6.00
Sweden 18.00

[B08.300] - Social - Workforce - General characteristics: turnover rate

17.34 %
Employee turnover rateCalculation: (number of employees who left during the reporting period / average number of employees during the reporting period) * 100

[B09.000] - Social - Workforce - Health and safety

0.00
Number of recordable work related accidents in the reporting period
0.00
Rate of recordable work related accidents in the reporting periodCalculation: (number of recordable work-related accidents in the reporting year / total number of hours worked in a year by all employees) * 200000. The amount of 200000 hours represents the total annual working hours of 100 employees (40 hours per week for 50 weeks per year) and serves as the standard base for calculating the incidence rate over a year, applicable to undertakings with up to 250 employees
0.00
Number of fatalities as a result of work-related injuries and work-related ill health

[B10.000] - Social - Workforce - Remuneration, collective bargaining and training

YES
Employees receive pay equal or above minimum wage determined by national law or collective bargaining agreement
7.90 %
Percentage gap in pay between female and male employeesCalculation: ((average gross hourly pay level of male employees - average gross hourly pay level of female employees) / average gross hourly pay level of male employeees) * 100
0.00 %
Percentage of employees covered by collective bargaining agreementsCalculation: (number of employees covered by collective bargaining agreements / total number of employees) * 100
35.80
Average number of annual training hours per male employee
31.40
Average number of annual training hours per female employee

[C01.000] - General information - Strategy: Business Model and Sustainability – Related Initiatives

Bookkeeping, accounting, payroll, statuary reporting, internal reporting, tax, VAT, financial consulting.
Description of significant groups of products and/or services offered
Services are delivered primarily B2B on national wide basis in Norway, Sweden and Finland.
Description of significant market(s) the undertaking operates ine.g. B2B, wholesale, retail, countries
Services are delivered to a broad range of customers, both with regards to geography, business size, industry etc.
Description of main business relationships (e.g. key suppliers, customers distribution channels and consumers)e.g. key suppliers, customers distribution channels and consumers
The direct sustainability effects from the business operations are very limited, but we can indirectly help and guide customers to more sustainable decisions and operations.
Description of key elements of strategy that relates to or affects sustainability issues

[C02.000] - General information - Description of practices, policies and/or future initiatives for transitioning towards a more sustainable economy

Hubro’s initiatives primarily affect climate change and own workforce. More indirectly work conditions in the value chain (suppliers) and customer’s sustainability issues.
Description of practices, policies and/or future initiatives
The board of directors is accountable for the sustainability initiatives, policies and targets, and revises the plans and implementations at least annually based on reported progress and achievements.
Most senior level accountable for implementation of practices, policies and/or future initiatives
Targets are set for the most significant issues to address actions intended to improve sustainability. Hubro aims to reduce GHG emissions and waste, and to help customers obtain more sustainable practices. See C54 for further details.
Description of the target of practices, policies or future initiatives

[C03.000] - Environment - Greenhouse Gas Emissions Reduction Baseline and Target Year

2024
Greenhouse gas emission reduction target base year
2026
Greenhouse gas emission reduction target year

[C03.100] - Environment - Greenhouse Gas Emission Reduction Targets

tCO2e
Baseline year Target year
2024 2026
Gross Scope 1 greenhouse gas emissions 0.00 0.00
Gross location-based Scope 2 greenhouse gas emissions 8.96 8.06
Gross market-based Scope 2 greenhouse gas emissions 6.53 5.88
Total (gross) location-based Scope 1 and Scope 2 GHG emissions 8.96 8.06
Total (gross) market-based Scope 1 and Scope 2 GHG emissions 6.53 5.88
Gross Scope 3 greenhouse gas emissions 155.91 144.21
Total (gross) location-based GHG emissions 164.87 152.28
Total (gross) market-based GHG emissions 162.44 150.09

[C03.200] - Environment - Disclosure of list of main actions the entity seeks to achieve its targets

Paper waste: Digitalization, reduce printing, help customers work more digitally.
Transportation: Digital meetings, conferences and training/courses. Less private car transportation (more public), less fossil cars (more electric/hybrid).
Disclosure of list of main actions the entity seeks in order to achieve its targets

[C05.000] - Social - Additional (general) workforce characteristics

88.34 %
Female-to-male ratio at management level for the reporting periodCalculation: number of female employees at management level / number of male employees at management level
0.00
Total number of self-employed workers without personnel that are working exclusively for the undertaking
0.00
Total number of temporary-workers provided by undertakings primarily engaged in employment activities

[C06.000] - Social - Additional own workforce information - Human rights policies and processes

YES
Undertaking has a code of conduct or human rights policy for its own workforce
Child labour
Forced labour
Human trafficking
Discrimination
Accident prevention
Type of content covered by the code of conduct or human rights policy for its own workforce
YES
Undertaking has a complaint handling mechanism for its own workforce

[C07.000] - Social - Severe negative human rights incidents

NO
Undertaking has confirmed human rights incidents in its own workforce
NO
Undertaking aware of any confirmed incidents involving workers in the value chain, affected communities, consumers and end-users

[C08.100] - Governance - Exclusion from EU benchmarks

NO
Undertakings are excluded from any EU reference benchmarks that are aligned with the Paris Agreement

[C09.000] - Governance - Gender diversity ratio in the governance body

0
Gender diversity ratio in governance bodyCalculation: number of female board members / number of male board members