2022 Storytel
Sustainability Report
A Word from the Sustainability Committee
2022 was an exceptional year in Storytel’s history, where our goal of profitable growth and long-term sustainable success, together with changing market conditions, drove a shift in Storytel’s strategy. However, we remain committed to working toward the well-being of people and the planet. In this year’s report, we present an updated Materiality Assessment at the Group level, which frames Storytel’s most important sustainability areas and our approach to them.
Stories, audiobooks, books and reading continue to be a very important part of society and people's well-being and prosperity. Perhaps stories are even more important in an unstable world to help us relax, learn or simply escape for a moment. We are very proud that 82 percent of all Storytel customers say that they read more since subscribing to Storytel. As an audiobook streaming service and a publishing house, Storytel’s very purpose is to empower people through stories.
In the Materiality Assessment, all of Storytel’s stakeholders rate climate impact as a top priority. In April 2022, we committed to set science-based targets, reduce emissions in line with the Paris Agreement and set a net zero target. Closing 2022, we are well underway to set long-term targets and a reduction plan.
Helen Fasth Gillstedt and Jonas Tellander, Sustainability Committee.
“Storytel’s vision is to make the world
a more empathetic and creative place.”
Highlights 2022
- Updated our Materiality Assessment at the Group level.
- Committed to the Science Based Targets Initiative.
- Rolled out a Supplier Code of Conduct aligned with the 10 principles of UN Global Compact.
- Supported the 100th anniversary of International PEN.
Key Figures 2022
of users say that they read/listen to books more often since subscribing to Storytel.
of employees feel that they can be their authentic selves.
tCO2e in total emissions for the Storytel Group, which is 41 percent lower than in 2021.
Objectives 2023
- Help one million people read one book per month.
- Finalize setting Science Based Targets and reduction plan.
- Achieve an eNPS and Engagement Score above industry benchmark.
- Prepare the Storytel Group for compliance with the Corporate Sustainability Reporting Directive (CSRD).
Storytel's approach to sustainability
Storytel divides its sustainability work into three areas.
You can read more about Storytel’s work in each area on this site.
Storytel's Sustainability Journey
First Sustainability Report & Materiality Assessment
First Sustainability Policy
First Mapping of GHG Emissions
Committed to UN Global Compact
Committed to the Science Based Targets Initiative