Yubico AB sustainability score: 23/100

Yubico publishes no Scope 1 or Scope 2 figures. The 2024 Annual Report (pages 25–30, published April 2025) constitutes a statutory Sustainability Report under the Swedish Annual Accounts Act but contains no GHG data. No CDP disclosure was found. The company is in early CSRD preparation stages for FY2025 reporting. The only quantified emissions-adjacent figure is 600 tonnes CO₂ 'prevented' via the Solvatten offset partnership in 2024 — this is an offset claim, not an operational emissions figure. Estimated operational footprint is under 10,000 tonnes CO₂e given ~470 employees, centralized production in Sweden (low-carbon grid) and the USA, and an electronics hardware business model. Scored 2: no data, estimated footprint under 10,000 tonnes.

No Scope 3 data is disclosed. Yubico manufactures physical hardware security keys, which requires electronic components including secure elements, metals, and plastics sourced from a global supply chain — a meaningfully complex procurement base. The 2024 Annual Report's sustainability section does not quantify or categorise supply chain emissions. The company conducted a Double Materiality Assessment in 2024 covering 'upstream, downstream, and operational activities' as part of CSRD preparation, indicating early awareness, but no supply chain emissions data has resulted. A hardware electronics manufacturer selling to 160+ countries has materially non-trivial Scope 3 from components manufacturing and global logistics. No supplier engagement programme or Scope 3 methodology is documented. Scored 1: no supply chain data and mid-sized company with significant procurement.

No multi-year emissions data exists. The company has no baseline year, no trajectory, and no absolute reduction targets. Revenue grew 27% in FY2024 and has compounded at ~40% annually between 2020 and 2024, strongly suggesting emissions have grown in absolute terms as operations scaled. No proxy data (energy bills, fuel records) has been published to indicate otherwise. CSRD compliance is targeted for FY2025, meaning the first structured trajectory data is at least a year away. Scored 1: no trajectory data and a mid-sized, rapidly growing company with a meaningful hardware manufacturing footprint.

Yubico's offices in Santa Clara and Seattle are LEED-certified, which requires meeting energy efficiency standards. Primary manufacturing is in Sweden, which has one of the lowest-carbon electricity grids in the world (predominantly hydro, nuclear, and wind). No renewable energy percentage, green energy tariff, or RE100 membership is disclosed. No on-site generation is mentioned. LEED certification is a building-level efficiency marker, not a renewable energy claim. The Sweden grid factor provides meaningful real-world benefit, but this is a country-level characteristic, not a company policy. Scored 3: minimal energy consumer (relative to sector) with some demonstrated environmental awareness via LEED, but without a formal energy strategy or renewable procurement commitment.

No TNFD disclosure, no deforestation commitment, and no quantified nature footprint. Yubico's direct land-use footprint is negligible — the company operates offices and small manufacturing facilities, not mines or agricultural operations. However, the supply chain for electronic components (secure elements, metals) involves upstream mining and extraction that carry ecosystem risks. No supplier nature-risk assessment was found. The 2024 Double Materiality Assessment covered the value chain but produced no published nature metrics. WEEE and EPR compliance reflects regulatory adherence on product end-of-life. Scored 3: hardware electronics manufacturer with low direct nature impact and basic awareness of value chain, but no formal nature policy or quantified risk assessment.

Yubico complies with WEEE and EPR regulations and avoids single-use materials at events. The YubiKey product itself is notable for durability: rated for at least 10,000 USB insertions and a failure rate under 0.01%, and marketed with at least a one-year warranty (longer for subscription buyers), implying product longevity that reduces replacement frequency — a genuine circularity benefit. Manufacturing is centralized to optimise logistics, reducing packaging and shipping waste. However, no measurable circular targets are published, no recycled content figures are given, and no supplier sustainability requirements are documented. Scored 3: basic awareness and some structural product-level circularity, but no measurable targets or public reporting on waste metrics.

No water consumption data, discharge data, or water footprint has been published by Yubico. No water reduction targets are disclosed. Yubico is not a water-intensive business — it operates offices and small-scale precision electronics manufacturing, not chemical processing, agriculture, or heavy industry. Sweden has robust freshwater resources and strong regulatory oversight on industrial discharge. No pollution incidents or water-related controversies were found. Scored 2: knows water consumption (implied via utility bills at offices and factories) but no published figures; no significant pollution risk given business type and geography.

No SBTi commitment exists. No quantified GHG reduction targets have been set. The sole documented climate action is offsetting business travel emissions via Solvatten (86 units, 600 tonnes CO₂ claimed prevented in 2024; monitored by Gold Standard). This is a travel-offset programme, not a reduction-first strategy — and 600 tonnes is a very small figure relative to a company of this scale. The Solvatten offset is co-beneficial (clean water access) and Gold Standard-verified, which is higher quality than unbundled RECs, but it does not substitute for an absolute emissions reduction target. CSRD preparation is underway for FY2025 but no targets have been announced. Scored 2: informal goal-equivalent action (offsetting travel) without specific quantified reduction targets or timelines.

Yubico publishes a statutory Sustainability Report within its Annual Report (pages 25–30 of the 2024 Annual Report, published April 2025), as required under the Swedish Annual Accounts Act. A Double Materiality Assessment was conducted in 2024. A Board-approved Code of Conduct is in place. A confidential whistleblowing process is operational. CSRD compliance preparations are documented and publicly acknowledged. However, no environmental data is disclosed with numerical specificity, no dedicated sustainability role or team is identified, no third-party assurance on environmental data has been obtained, and executive remuneration is not linked to sustainability outcomes. The company is not a B Corp and has no mission-lock structure. Scored 4: sustainability is a documented business priority with some assigned responsibility and regulatory disclosure, but core environmental data is not publicly available.

No environmental controversies, regulatory fines, greenwashing rulings, or NGO criticisms were found in searches of InfluenceMap, DeSmog, or general news sources. Yubico does not appear in InfluenceMap's LobbyMap database, consistent with it being a mid-sized technology company with no documented climate lobbying activity. It is not a financial institution, advertiser, or marketplace with structural fossil-fuel enablement exposure. No misaligned trade association memberships were identified. The company's core product — hardware authentication security keys — has no inherent fossil sector exposure. Starting score of 8 with no deductions. The Solvatten offset partnership is a positive co-benefit but does not warrant an additional point as no substantive climate policy advocacy is documented.