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The assessment identified key material topics, including:
- E1 - Climate Change: Focus on climate change mitigation and energy management.
- S1 - Own Workforce: Prioritising favourable working conditions and ensuring equal treatment and opportunities for all employees.
- G1 - Business Conduct: Identifying corporate culture, protection of whistleblowers, corruption and bribery, data security and privacy (entity-specific), and responsible AI practices (entity-specific) as material to the business.
The sustainability report draws significantly from the ESRS framework, although it is not yet CSRD-compliant and has not been externally audited.
Environmental Progress
- As of 2024, 57.5% of Visma's energy consumption was sourced from 100% renewable energy agreements, up from 27.4% in 2022.
- Visma aims for a 50% reduction in scope 1 and market-based scope 2 emissions by 2030, using 2022 as the baseline. As of 2024, emissions have been reduced by 15.6% since the base year.
- In 2024 Visma estimated its total gross indirect Scope 3 emissions for the first time. When applied retrospectively to previous years, total market-based emissions showed an increase of 2.2% from the base year (2022), and a 0.7 % reduction from 2023. The estimated scope 3 emissions are partially associated with a significant degree of estimation uncertainty, as some of the reported emissions are based on broad spend-based data. Gaps in the quality of the data forming part of the base year also likely led to lower reported emissions in 2022.
- Visma’s total market-based GHG emissions per Euro of revenue decreased by 9.9% compared to 2023. The total location-based GHG emissions per Euro of revenue decreased by 8.2% in 2024, compared to the previous year.
- 50% of Group-managed suppliers by spend are targeted to align with the 1.5-degree scenario by 2028; currently, 29.7% are on track.
- There was an increase in emissions from business travel in 2024 compared to the base year. As reporting quality has improved over time, there is a significant risk that business travel emissions may have been understated in the base year. During 2024, Visma implemented a new travel policy emphasising secure, cost-efficient, and more sustainable travel, in order to reduce overall travel-related emissions.
- Emissions from the procurement of hardware (laptops, screens and phones) increased by 3.8 % from the base year (2022). Visma aims to minimise the creation of waste by following the principles of the waste hierarchy, outlined in the Visma Code of Conduct, which applies to all Visma employees. By increasing the lifespan of hardware and incentivising employees to keep their devices for longer, we expect to reduce the number of purchased devices and related emissions.
- Visma successfully implemented its first sustainability-linked loan agreement.
Workplace Achievements
- Achieved top 5% ranking in the technology sector for:
- Employee engagement (eNPS score of 64)
- Diversity & Inclusion
- Non-discrimination practices
- While not achieving the target of reaching 40% gender balance in leadership positions, we increased women in leadership positions to 36.8% (up from 36% in 2023). However, we achieved our target of having 40% gender balance in the Visma Group overall, by increasing the share of women among our employees from 39.8% in 2023 to 40.6% in 2024.
- Named among Europe's 2025 Diversity Leaders by the Financial Times
Governance
- No material privacy incidents
- Targets archived on anti-corruption and security training among employees
- Enhanced AI governance, with 82 companies now having AI initiatives
- Zero incidents related to breaching antitrust and competition law
