ATEA ASA

“Atea’s long-term success is dependent on recruiting skilled IT professionals and providing its employees with a work environment in which they can develop and contribute with their talents.”

Annual report 2024A · The company itself

“We have identified a systemic, negative material impact from discrimination and harassment, which is complex in nature. This includes, but is not limited to, issues in hiring, pay, employment terms, promotions and interpersonal interactions.”

Annual report 2024A · The company itself

“We believe everyone has the right to a healthy and safe work environment. Therefore, we ensure our work conditions meet or exceed legal standards in every country where we operate, comply with local health and safety regulations and cover 100% of our workforce through Atea’s health and safety management system based on legal requirements.”

Annual report 2024A · The company itself

“These efforts aim to increase female representation in the IT field. In the reporting year, we welcomed 1,080 new employees, with a gender distribution of 71% male and 29% female.”

Annual report 2024A · The company itself

“Various production phases take place in high-risk countries, which entail an increased risk of ESG violations, given a country’s legislation, cultural and societal aspects and prevailing labor practices. Partly due to these factors, the IT sector has major challenges concerning the well-being and rights of value chain workers.”

Annual report 2024A · The company itself

“These impacts include: workers not being paid a living wage, not earning enough for an adequate standard of living, restrictions on collective bargaining and freedom of association, excessive working hours, significant health and safety risks, discrimination and harassment, forced labor, migrant workers and child labor. All of these are widespread, spanning across the value chain, affecting workers’ rights, safety and well-being.”

Annual report 2024A · The company itself

“Two out of the three cases were confirmed to involve severe human rights violations.”

Annual report 2024A · The company itself

“While our operations are primarily in the Nordic and Baltic regions, we are closest to the Sami indigenous people in Norway, Sweden and Finland. While Atea has not identified any material impact, risk or opportunity related to local communities or indigenous people around its own facilities, significant challenges exist regarding the effects on local communities within our value chain: particularly during the raw material sourcing phase and in the use of technology solutions.”

Annual report 2024A · The company itself

“To attract and hire skilled professionals, Atea has common recruitment guidelines and conducts extensive competence training across the organization. Continuous employee development is a core value at Atea.”

Annual report 2024A · The company itself

“Human rights, ethical labor practices and fair treatment of workers are covered by Atea’s Human Rights Policy. It applies to Atea’s own operations: we expect our direct business partners to share our commitment and actively work towards respecting and safeguarding human rights among their employees as well as in their supply chain.”

Annual report 2024A · The company itself

“Atea’s Human Rights Policy addresses (among other things) the elimination of forced or compulsory labor, the abolition of child labor, the right to collective bargaining and the elimination of discrimination in respect of employment and occupation.”

Annual report 2024A · The company itself

“To manage risks, we employ a supplier assessment program, to leverage and build internal capabilities. This comprehensive approach ensures effective risk mitigation while fostering a collaborative environment for continuous improvement.”

Annual report 2024A · The company itself

“It aims to manage the risks, verify the extent to which our suppliers meet expectations set by international guidelines, industry standards, our Supplier Code of Conduct and customer requirements. This includes respect for human rights and labor rights for their employees and workers in their supply chain.”

Annual report 2024A · The company itself

“The adoption of AI solutions will generate long-term growth in demand for IT infrastructure. As customers purchase new AI-enabled software and development tools, these applications will require additional spending across all areas of Atea’s business - including a broad range of hardware, software, cloud subscriptions, consultancy and managed services.”

Annual report 2024A · The company itself

“In 2025, we expect to see widespread adoption of new AI PCs, which feature faster processing to meet the requirements of AI-enabled software which is installed and run on the device. This emerging technology will both support a refresh cycle and drive higher unit pricing for PCs.”

Annual report 2024A · The company itself

“Technology Long-term (5-30 years) Increased demand for low carbon solutions Global demand for low-carbon goods and services is rising due to environmental policies and the goal of limiting global warming to 1.5°C. ICT (Information and Communication Technology) products with lower emissions and digital solutions like cloud computing and AI are crucial for the low-carbon transition.”

Annual report 2024A · The company itself

“By 2030, Atea aims to significantly increase its positive environmental impact, leveraging IT across Digital Workplace, Hybrid Cloud and Information Management domains to help customers reduce emissions.”

Annual report 2024A · The company itself

“Atea’s solution offering: The range of solutions which Atea provides its customers can be categorized into three major areas: “Digital Workplace”, “Hybrid Platforms” and “Information Management”. “Digital Workplace” consists of all the devices and software through which users conduct work, access data and applications, and interact with each other.”

Annual report 2024A · The company itself

““Information management” consists of tools and methods through which organizations collect and administer data, and then derive value from this information. This includes Atea’s practices within AI, data protection, analytics, and automation technologies.”

Annual report 2024A · The company itself

“To that end, Atea is at the forefront of the latest technologies for mobility, collaboration and big data, as well as IT-as-a-service and cloud computing.”

Annual report 2024A · The company itself

“Transition to circular economy (CE): CE 4.1 Provision of IT/OT data-driven solutions. Atea develops and maintains software and IT/OT systems for remote data collection, processing and storage, as well as providing remote maintenance to ensure optimal performance and extend the lifespan of equipment.”

Annual report 2024A · The company itself

“For activity CE 4.1, provision of IT/OT data-driven solutions, the substantial contribution criteria are partially fulfilled. Atea meets the criteria for manufacturing, developing, and providing IT/OT data-driven solutions (Criteria 1) and for lifecycle performance management software capabilities (Criteria 7).”

Annual report 2024A · The company itself

“An additional driver of IT security investment is the EU Network and Information Systems 2 (NIS 2) Directive, which was adopted into local law by EU countries in 2024. The NIS 2 directive sets a new regulatory baseline of cybersecurity requirements to be implemented in public and private sector organizations which provide vital functions for society. A large percentage of Atea’s customers fall within the scope of the NIS 2 regulation and are required to register and confirm that they have implemented the cybersecurity measures of NIS 2.”

Annual report 2024A · The company itself

“Maintaining strict standards of information security and data protection are essential to our business. We are committed to protecting personal data to ensure we respect the fundamental rights and freedoms of individuals.”

Annual report 2024A · The company itself

“Our Information Security Management System and operations comply with all applicable laws, including the GDPR and adhere to the ISO 27001 standard.”

Annual report 2024A · The company itself

“Our adherence to GDPR, along with our ISO/IEC 27001 certification, ensures we consider the perspective of consumers and end-users in our operations across the Nordic and Baltic regions. This compliance and certification demonstrates our dedication to maintaining the highest standards of information security and data protection.”

Annual report 2024A · The company itself

“These actions were determined through a comprehensive risk assessment process, ensuring alignment with legislative requirements such as GDPR and best practices outlined in ISO 27001.”

Annual report 2024A · The company itself

“Critical services exposed on the internet are penetration tested annually by external party. These services are also vulnerability scanned internally every month.”

Annual report 2024A · The company itself

“Transition risks Current regulations Short-term (0-3 years) EU Energy Efficiency Directive The 2023 revised EU Energy Efficiency Directive (EED) promotes sustainable practices in the EU data center industry with stringent energy efficiency guidelines. It targets metrics like Power Usage Effectiveness (PUE) and Data Center Carbon Emissions (DCCE), aiming for a 11.7% reduction in energy consumption by 2030.”

Annual report 2024A · The company itself

“Higher temperatures and changing precipitation patterns could increase cooling demands, leading to higher energy consumption, operational costs and a larger carbon footprint.”

Annual report 2024A · The company itself

“For activity CCM 8.1, data processing, hosting, and related activities, the substantial contribution criteria are not yet fulfilled. This is due to the incomplete implementation of relevant practices from the European Code of Conduct on Data Centre Energy Efficiency and not yet obtained EU certification for our data centers in 2024.”

Annual report 2024A · The company itself

“Opportunities Resilience Long-term (5-30 years) Low-carbon products and services Atea’s holistic approach addresses energy consumption and environmental impact by optimizing energy use in its own and customers’ data centers. Compliance with EU directives like the Energy Efficiency Directive and Corporate Sustainability Reporting Directive is integrated into Atea’s services.”

Annual report 2024A · The company itself

“The policy encourages practices such as re-use, repair, refurbish, remanufacture and repurpose: treating waste as a valuable resource. It also emphasizes the use of renewable energy and sustainable IT solutions to support long-term environmental sustainability.”

Annual report 2024A · The company itself

“To support these efforts, our Supplier Code of Conduct emphasizes tracking, documenting and publicly reporting energy consumption and GHG emissions. Suppliers are encouraged to enhance energy efficiency and reduce their emissions.”

Annual report 2024A · The company itself

“Extended customer consumption cycles Customers considering longer consumption cycles (e.g., keeping laptops for four years) could negatively impact our business. Extended use of products means fewer sales opportunities for new equipment, potentially reducing our revenue.”

Annual report 2024A · The company itself

“Recognizing the carbon impact of electronic devices, Atea’s Transition plan emphasizes prolonging the life of these devices to curb emissions and minimize waste.”

Annual report 2024A · The company itself

“Atea’s operations focus on resource efficiency and the circular economy, with extensive reuse-and-recycle programs in the Nordic and Baltic regions. In 2024, Atea’s take-back services recovered over 640 thousand units, saving 75,705 tCO 2 e and extending the life of IT products.”

Annual report 2024A · The company itself

“Atea plays a crucial role in this transition by ensuring customers can purchase spare parts, sell refurbished products and manage their used IT equipment in an environmentally sound manner. By providing these services, we support customers in implementing sustainable practices and reducing their environmental impact.”

Annual report 2024A · The company itself

“Atea’s Environmental Policy emphasizes sustainable IT solutions and responsible waste management. Our goal is to minimize environmental impact through proactive and circular approaches to resource use.”

Annual report 2024A · The company itself

“It highlights the importance of recycling materials to minimize waste and support a circular economy. It ensures responsible disposal of waste as a last resort, adhering to current regulations and legislation.”

Annual report 2024A · The company itself

“The policy encourages practices such as re-use, repair, refurbish, remanufacture and repurpose: treating waste as a valuable resource. It also emphasizes the use of renewable energy and sustainable IT solutions to support long-term environmental sustainability.”

Annual report 2024A · The company itself

“This policy affects both the upstream and downstream value chain by working with suppliers to ensure sustainable practices and helping customers create environmentally efficient IT infrastructures.”

Annual report 2024A · The company itself

“By using LCM Track, Atea customers can unlock the power of truly circular IT resource consumption and gain insights into their current state and future potential.”

Annual report 2024A · The company itself

“Targets related to resource use and circular economy In 2020, Atea launched a goal related to resource use and the circular economy as part of our Vision 2030. The goal is to achieve a 1:1 ratio between IT units sold and units recovered.”

Annual report 2024A · The company itself

“Atea-1 Entity specific: Potential savings through the reuse of equipment During 2024, we recovered over 640 thousand units of IT equipment through our take-back services, a 19% decrease compared to 2023. We also achieved a reuse rate of 55%, meaning over half of the equipment we collected was refurbished and resold, extending its lifespan and reducing waste.”

Annual report 2024A · The company itself

“Atea has a comprehensive waste management plan in place, compliant with ISO 14001 Environmental Management Systems. This plan ensures maximal recycling at the end of life of electrical and electronic equipment through contractual agreements with recycling partners and regular audits and certifications of all Atea entities.”

Annual report 2024A · The company itself

“Take-back services Atea has offered take-back services to customers since 2008, so they can return their used IT equipment for reuse or recycling. Atea collects and processes used IT equipment from customers, ensures data is securely erased and prepares the devices for reuse or recycling.”

Annual report 2024A · The company itself

“CE 5.1 Repair, refurbishment and remanufacturing. Atea provides warranty services that depend on the specific manufacturer and product.”

Annual report 2024A · The company itself

“CE 5.2 Sale of spare parts. Atea sells spare parts and components to customers through various channels.”

Annual report 2024A · The company itself

“CE 5.4 Sale of second-hand goods. The main contributing factor is equipment collected through Atea’s take-back services that gets refurbished and resold.”

Annual report 2024A · The company itself

“Sale of second-hand goods (CE 5.4) increased the proportion of taxonomy-eligible turnover by 0.1 percentage points due to increased sales in the activity.”

Annual report 2024A · The company itself

“For activity CE 5.1 of extending the lifetime of products by repairing, refurbishing, or remanufacturing items that have already been used by a customer, we are aligned with the substantial contribution criteria that ensure replaced parts and refurbished products are covered by a sales contract and that a waste management plan is implemented for material reuse and recycling.”

Annual report 2024A · The company itself

“The service agreements ensure that customers have access to and use of products while ownership remains with Atea. These agreements include obligations for both the provider to take back and the customer to return the used product at the end of the contract. The activity leads to an extended lifespan or increased use intensity of the products.”

Annual report 2024A · The company itself

“Pollution prevention and control – activities CE 5.2, CE 5.4 As a reseller of used IT equipment, this segment of the Company’s operations adheres to many of the restrictions outlined in the regulation (Appendix C). Since the focus is on refurbishing and reselling existing products, rather than manufacturing new ones, the activities do not introduce new hazardous substances into the market.”

Annual report 2024A · The company itself

“It requires suppliers to conduct due diligence and work towards the responsible sourcing of minerals, ensuring the products sold to customers are sourced ethically.”

Annual report 2024A · The company itself

“All these minerals are essential for the digital era. Gold’s conductivity makes it vital for IT products, tin is used for soldering smartphone components, tantalum stores energy in capacitors, tungsten is found in the components that make phones vibrate and cobalt ensures high energy density and 105 105 thermal stability in batteries.”

Annual report 2024A · The company itself

“Among these, four are classified as conflict minerals due to the significant ethical challenges linked to their sourcing: tin, tantalum, tungsten and gold. Together these are commonly known as 3TGs.”

Annual report 2024A · The company itself

“Atea’s Responsible Minerals Policy ensures the ethical sourcing of minerals, adhering to international due diligence frameworks.”

Annual report 2024A · The company itself

“Atea, as a value-added reseller, is dedicated to maintaining rigorous standards of environmental and health compliance. Through our Supplier Assessment program, detailed in S2 Section of this report, we conduct thorough due diligence to verify our partners and suppliers adhere to the REACH Regulation and RoHS Directive, including through TCO certification.”

Annual report 2024A · The company itself

“While Atea does not manufacture or contract the manufacturing of the hardware sold to its customers, we recognize the importance of responsible mineral sourcing in our industry.”

Annual report 2024A · The company itself

“The Responsible Minerals Policy encompasses all entities in the Atea Group and outlines our expectations towards suppliers of hardware products and other electronic devices sold by Atea. The policy is in line with OECD Due Diligence Guidance for Responsible Supply Chains of Minerals from Conflict-Affected and High-Risk Areas, OECD Guidelines for Multinational Enterprises, UN Guiding Principles on Business and Human Rights, ILO Declaration on Fundamental Principles and Rights at Work, ILO Fundamental Conventions and the UN Universal Declaration of Human Rights.”

Annual report 2024A · The company itself

“Atea’s approach focuses on preventing, mitigating and remedying the negative impacts on affected communities and indigenous people. Our commitment to responsible mineral sourcing began in 2014 with the launch of our Conflict Minerals Campaign. This campaign aimed to highlight the significant human rights abuses associated with mineral sourcing and to demand greater action from stakeholders in the IT value chain.”

Annual report 2024A · The company itself

“Atea is a member of the Responsible Minerals Initiative (RMI), alongside more than 500 other companies globally. This program, led by the Responsible Business Alliance, aims to evolve business practices to support responsible sourcing and mineral production globally.”

Annual report 2024A · The company itself

“Our Information Security Management System and operations comply with all applicable laws, including the GDPR and adhere to the ISO 27001 standard.”

Annual report 2024A · The company itself

“Our adherence to GDPR, along with our ISO/IEC 27001 certification, ensures we consider the perspective of consumers and end-users in our operations across the Nordic and Baltic regions. This compliance and certification demonstrates our dedication to maintaining the highest standards of information security and data protection.”

Annual report 2024A · The company itself

“We are a supplier of IT infrastructure, delivering hardware and software from leading global vendors, and providing consulting and technical services to support our customers with the design, implementation and operation of their IT environments. We help our customers prolong the life of their various IT equipment, such as laptops, computers, mobile phones and tablets, by selling spare parts, preparing equipment for reuse and selling refurbished products.”

Annual report 2024A · The company itself

“Atea is the leading provider of IT infrastructure and related services for businesses and public-sector organizations in the Nordic and Baltic regions.”

Annual report 2024A · The company itself

“Atea is the leading provider of IT infrastructure and related services for businesses and public-sector organizations in the Nordic and Baltic regions.”

Annual report 2024A · The company itself

“Atea’s core business model focuses on providing IT infrastructure and services to customers in both the private and public sector. Robust data security practices are essential to our service delivery and overall business strategy.”

Annual report 2024A · The company itself

“Atea’s core business model focuses on providing IT infrastructure and services to customers in both the private and public sector. Robust data security practices are essential to our service delivery and overall business strategy.”

Annual report 2024A · The company itself

““Hybrid Platforms” are the data center and network infrastructure through which organizations process, store, and distribute information. The category includes both on-premise infrastructure and cloud solutions, as well as “hybrid” solutions that integrate the two.”

Annual report 2024A · The company itself

““Managed services”: Atea is a managed service provider that helps customers operate their IT environments either on-premise or from the cloud. Atea’s managed services enable customers to dedicate less time and resources to IT operations and instead focus on their core objectives.”

Annual report 2024A · The company itself

“To that end, Atea is at the forefront of the latest technologies for mobility, collaboration and big data, as well as IT-as-a-service and cloud computing.”

Annual report 2024A · The company itself

“We are a supplier of IT infrastructure, delivering hardware and software from leading global vendors, and providing consulting and technical services to support our customers with the design, implementation and operation of their IT environments.”

Annual report 2024A · The company itself

“CCM 8.1 Data processing, hosting and related activities. Atea provides a wide variety of services to customers through data centers.”

Annual report 2024A · The company itself

“Climate change will also complicate raw material availability and costs, increasing procurement expenses for IT hardware manufacturing.”

Annual report 2024A · The company itself

“The largest share of inflows comes from two streams: one from purchases of IT equipment manufactured by the world’s leading brands (which are then sold to our customers) and the other from take-back services where we collect no-longerused IT equipment from our customers.”

Annual report 2024A · The company itself

“During the reporting year, Atea has placed 1,829.2 tons of EEE in the market and collected 541.7 tons of WEEE.”

Annual report 2024A · The company itself

“We are a supplier of IT infrastructure, delivering hardware and software from leading global vendors, and providing consulting and technical services to support our customers with the design, implementation and operation of their IT environments. We help our customers prolong the life of their various IT equipment, such as laptops, computers, mobile phones and tablets, by selling spare parts, preparing equipment for reuse and selling refurbished products.”

Annual report 2024A · The company itself

“Sale of spare parts for IT equipment (CE 5.2) comprises 2.1% of total taxonomy-eligible turnover and has increased by 0.3 percentage points mainly due to increased sales of components and redefined product categories that fall under taxonomy definition of the spare part.”

Annual report 2024A · The company itself

“In 2024, we assessed 98 suppliers, representing 87% of our direct spend on hardware and software. Suppliers were prioritized for assessment based on specific criteria, including risk, procurement spend and leverage through individual initiatives and industry-wide efforts.”

Annual report 2024A · The company itself

“The functions in Atea most at risk for corruption and bribery are front-line employees and those handling public sector tenders. Our procurement is not deemed to be at risk, as we are not dependent on specific suppliers.”

Annual report 2024A · The company itself

“Management of relationships with suppliers Managing our relationships with suppliers is an important component of our company’s sustainable business practices. It’s a way to manage social and environmental risks, business conduct and impacts in our supply chain. Atea expects all suppliers to comply with applicable laws and regulations and our Supplier Code of Conduct.”

Annual report 2024A · The company itself

“Supplier Assessment Program Atea’s Supplier Assessment Program ensures suppliers adhere to international guidelines, industry standards, the Supplier Code of Conduct and customer requirements. Assessments check if suppliers have conducted an EcoVadis assessment, committed to the Science Based Targets initiative, are 116 116 members of the Responsible Business Alliance, publish annual sustainability reports, have responsible sourcing policies and processes for corrective actions.”

Annual report 2024A · The company itself

“Atea’s Code of Conduct sets the principles and guidelines for ethical business practices and compliance with anti-corruption laws. It applies to all employees in the Group as well as contracted consultants.”

Annual report 2024A · The company itself

“Transition risks Policy and legal Long-term (5-30 years) Increased carbon prices Regulations introducing carbon pricing will impact Atea’s costs, especially due to the EU Emissions Trading System (EU ETS). This could increase compliance costs for data centers and facilities using fossil fuels, affecting various segments of Atea’s value chain and raising the Cost of Sales and carbon taxes.”

Annual report 2024A · The company itself

“These changes may push up prices for Atea’s products and services. Policies monetizing emissions will alter market dynamics and a carbon tax on goods and services could affect Atea’s Opex and Capex.”

Annual report 2024A · The company itself

“We focus on developing products and services that help customers significantly reduce their emissions.”

Annual report 2024A · The company itself

“Policies related to resource use and circular economy The Atea Climate Policy is dedicated to mitigating climate change by reducing GHG emissions and enhancing energy efficiency. It focuses on preventing waste generation and promotes the use of secondary (recycled) resources to minimize environmental impact.”

Annual report 2024A · The company itself

“Business strategy Atea’s business strategy is to act as a full-service IT infrastructure partner for its customers - enabling its customers to successfully pursue their digital transformation initiatives and manage the increasing complexity of their IT environments.”

Annual report 2024A · The company itself

“In order to earn a position as a trusted IT partner, Atea provides a complete range of IT infrastructure solutions, with a highly trained service team to support its customers in capturing maximum value from their IT investments.”

Annual report 2024A · The company itself

“We offer a complete range of IT infrastructure products and services to make sure our customers succeed with the use of information technology.”

Annual report 2024A · The company itself

“For activity CE 4.1, provision of IT/OT data-driven solutions, the substantial contribution criteria are partially fulfilled. Atea meets the criteria for manufacturing, developing, and providing IT/OT data-driven solutions (Criteria 1) and for lifecycle performance management software capabilities (Criteria 7).”

Annual report 2024A · The company itself

“Technology Long-term (5-30 years) Increased demand for low carbon solutions Global demand for low-carbon goods and services is rising due to environmental policies and the goal of limiting global warming to 1.5°C. ICT (Information and Communication Technology) products with lower emissions and digital solutions like cloud computing and AI are crucial for the low-carbon transition.”

Annual report 2024A · The company itself

“A total of 39,969 MWh of energy (natural gas and electricity) was consumed to power offices, data centers and for car charging.”

Annual report 2024A · The company itself

“While higher prices may have a negligible financial impact on Atea, they pose a risk to achieving its climate targets of 100% renewable electricity by 2025 and 100% renewable energy by 2030.”

Annual report 2024A · The company itself

“By 2030, Atea aims to significantly increase its positive environmental impact, leveraging IT across Digital Workplace, Hybrid Cloud and Information Management domains to help customers reduce emissions.”

Annual report 2024A · The company itself

“Approximately 70% of Atea’s revenue comes from the public sector, in which demand is less sensitive to changes in the economic cycle.”

Annual report 2024A · The company itself

“These organizations are dependent on information technology to support their goals and have the resources to continue to invest in IT solutions - even in the most challenging times.”

Annual report 2024A · The company itself

“Atea is the leading provider of IT infrastructure and related services for businesses and public-sector organizations in the Nordic and Baltic regions.”

Annual report 2024A · The company itself

“Atea’s core business model focuses on providing IT infrastructure and services to customers in both the private and public sector. Robust data security practices are essential to our service delivery and overall business strategy.”

Annual report 2024A · The company itself

“However, our waste management plan is currently internal and should be made publicly accessible to fully align with the DNSH criteria.”

Annual report 2024A · The company itself

“However, Atea is not yet fully aligned since the waste management plan is not publicly available.”

Annual report 2024A · The company itself

“Value Chain Ensuring a responsible value chain has long been, and will continue to be, a material priority for Atea. From the extraction of raw materials and component manufacturing to how technology solutions are used, Atea aims to minimize adverse impacts on people and the planet.”

Annual report 2024A · The company itself

“Pollution prevention and control – activities CE 5.2, CE 5.4 As a reseller of used IT equipment, this segment of the Company’s operations adheres to many of the restrictions outlined in the regulation (Appendix C).”

Annual report 2024A · The company itself

“Atea is the leading provider of IT infrastructure and related services for businesses and public-sector organizations in the Nordic and Baltic regions.”

Annual report 2024A · The company itself

“Atea’s core business model focuses on providing IT infrastructure and services to customers in both the private and public sector. Robust data security practices are essential to our service delivery and overall business strategy.”

Annual report 2024A · The company itself

“Annually, our services prevent roughly 300 tons of packaging (e.g., plastic, cardboard and pallets) from being handled by our customers, ensuring it is managed in an environmentally responsible manner.”

Annual report 2024A · The company itself

“Sale of spare parts for IT equipment (CE 5.2) comprises 2.1% of total taxonomy-eligible turnover and has increased by 0.3 percentage points mainly due to increased sales of components and redefined product categories that fall under taxonomy definition of the spare part.”

Annual report 2024A · The company itself

“The sale of spare parts complies with applicable EU laws, ensuring product conformity, seller liability, 77 77 remedies for lack of conformity, and commercial guarantees.”

Annual report 2024A · The company itself

“CE 5.5 Product-as-a-service and other circular useand result-oriented service models. In Atea, we use “Device-asa-Service” commercial business model in which organizations procure IT solutions, including equipment and service, from a service provider at a fixed fee for use (e.g. monthly fee per user).”

Annual report 2024A · The company itself

“The service agreements ensure that customers have access to and use of products while ownership remains with Atea. These agreements include obligations for both the provider to take back and the customer to return the used product at the end of the contract. The activity leads to an extended lifespan or increased use intensity of the products.”

Annual report 2024A · The company itself

“Product-as-aservice and other circular useand result-oriented service 80 80 models (CE 5.5) was the second largest driver of the total OPEX KPI and the proportion has increased by 0.3 percentage points due to increased activity and higher cost inflation in the Baltics.”

Annual report 2024A · The company itself

“Market Long-term (5-30 years) Increased prices for Guarantees of Origin The demand for renewable energy instruments like Guarantees of Origin is expected to rise, with prices doubling in the past year and likely to continue increasing. Factors include corporate demand, inflation, reduced hydro generation, and supply shortages due to climate challenges and grid expansion delays: leading to temporary price spikes.”

Annual report 2024A · The company itself

“Energy source Medium-term (3-5 years) Transition to low carbon energy sources Atea is actively pursuing Guarantees of Origin certifications for low-carbon energy procurement and aims to expand renewable electricity production for its own use.”

Annual report 2024A · The company itself

“Market Long-term (5-30 years) Increased prices for Guarantees of Origin The demand for renewable energy instruments like Guarantees of Origin is expected to rise, with prices doubling in the past year and likely to continue increasing. Factors include corporate demand, inflation, reduced hydro generation, and supply shortages due to climate challenges and grid expansion delays: leading to temporary price spikes.”

Annual report 2024A · The company itself

“Energy source Medium-term (3-5 years) Transition to low carbon energy sources Atea is actively pursuing Guarantees of Origin certifications for low-carbon energy procurement and aims to expand renewable electricity production for its own use.”

Annual report 2024A · The company itself

“To address this, we began by establishing Group-wide policies on diversity and inclusion, as well as anti-discrimination and anti-harassment, to ensure a common understanding across all locations and a unified approach to addressing material impacts on our employees.”

Annual report 2024A · The company itself

“This could be a crucial step towards becoming a full-solution partner for our customers. By successfully implementing our strategy, we can attract and retain customers, boosting our financial performance through increased revenue.”

Annual report 2024A · The company itself

“More than 70% of IT products are sourced from reliable Strategic and Gold partners who comply with relevant EU directives, are registered with EPEAT®, ISO certified, and include third-party verification of environmental criteria set by EU Regulation.”

Annual report 2024A · The company itself

“Transition to a circular economy – activity CCM 8.1 Atea operates with responsible business practices, ensuring compliance with regulations on equipment and restricted substances used. Equipment used in data centers is mostly from our Strategic and Gold partners who generally complies with EU regulations.”

Annual report 2024A · The company itself

“Atea expects that the IT infrastructure market will maintain a healthy growth rate in 2025, in line with IDC’s forecasts of market growth of 6-10% in the Nordic and Baltic countries.”

Annual report 2024A · The company itself

“Risk factors Market risk The market for IT infrastructure has historically maintained a relatively stable growth rate throughout the economic cycle. According to data from IDC, the Nordic market for IT infrastructure has grown at an annual rate of approximately 7% during the last 10 years.”

Annual report 2024A · The company itself

“Letter from the CEO 2024 has been a challenging year for the IT infrastructure VAR sector, primarily due to a slower market for hardware at the start of the year. By the second half of 2024, Atea’s sales began to accelerate as the hardware market emerged from a cyclical downturn.”

Annual report 2024A · The company itself

“Failing to meet climate targets (e.g., like reducing GHG emissions or not achieving 100% renewable energy by 2030) could harm Atea’s reputation. With a broad stakeholder base, Atea’s brand and financial health depend on leading in the climate movement and adopting low-carbon technologies.”

Annual report 2024A · The company itself

“While our operations are primarily in the Nordic and Baltic regions, we are closest to the Sami indigenous people in Norway, Sweden and Finland. While Atea has not identified any material impact, risk or opportunity related to local communities or indigenous people around its own facilities, significant challenges exist regarding the effects on local communities within our value chain: particularly during the raw material sourcing phase and in the use of technology solutions.”

Annual report 2024A · The company itself

“Although Atea has implemented processes to avoid selling to companies or organizations in sanctioned countries, such as Russia, preventing the resale of dual-use items—like software and technology that can be used for both civilian and military purposes—remains a significant challenge.”

Annual report 2024A · The company itself

“Another essential mineral—cobalt—is primarily sourced from the Democratic Republic of the Congo (DRC). It is used in batteries for consumer electronics (e.g., mobile phones). Its role in the green transition is significant, with demand expected to quadruple by 2030. However, cobalt extraction in the DRC is often associated with severe human rights violations, including dangerous working conditions, child labor, as well as conflicts and violence between mine operators and communities.”

Annual report 2024A · The company itself

“Another essential mineral—cobalt—is primarily sourced from the Democratic Republic of the Congo (DRC). It is used in batteries for consumer electronics (e.g., mobile phones). Its role in the green transition is significant, with demand expected to quadruple by 2030. However, cobalt extraction in the DRC is often associated with severe human rights violations, including dangerous working conditions, child labor, as well as conflicts and violence between mine operators and communities.”

Annual report 2024A · The company itself

“Although Atea has implemented processes to avoid selling to companies or organizations in sanctioned countries, such as Russia, preventing the resale of dual-use items—like software and technology that can be used for both civilian and military purposes—remains a significant challenge.”

Annual report 2024A · The company itself

“Emerging regulations Medium-term (3-5 years) E-waste management regulations Currently, Atea faces minimal financial impact from e-waste management regulations. However, as circular business models grow, e-waste management risks will increase, introducing new complexities.”

Annual report 2024A · The company itself

“Traceability of take-back products Failing to properly track take-back products after they are sent for reuse or recycling can lead to e-waste dumping issues, even if the units have been wiped. This poses a significant risk to our reputation.”

Annual report 2024A · The company itself

“Producers—defined as entities that manufacture, rebrand or import electronic equipment into a country for the first time—are responsible for financing the collection, treatment and recycling of e-waste. In instances where Atea has acted as a first-time importer, the following information has been collected from reports submitted to national authorities.”

Annual report 2024A · The company itself

“Shift in customer demand Amid growing environmental concerns, low-carbon solutions are crucial for resource efficiency and sustainability. The CSRD mandates companies to oversee their sustainability practices, including suppliers and customers.”

Annual report 2024A · The company itself

“As consumer demand for low-carbon products rises, ICT providers like Atea must align with this trend to stay relevant and protect revenue streams.”

Annual report 2024A · The company itself

“Equipment used in data centers is mostly from our Strategic and Gold partners who generally complies with EU regulations. The Supplier Code of Conduct ensures these partners are reliable, embedding responsible business conduct and adherence to environmental standards throughout the supply chain.”

Annual report 2024A · The company itself

“Currency fluctuations had a positive impact of 2.1% on revenue growth in the full year 2024.”

Annual report 2024A · The company itself

“Atea works with many partners, that meet Atea’s Supplier Code of Conduct criteria. More than 70% of IT products are sourced from reliable Strategic and Gold partners who comply with relevant EU directives, are registered with EPEAT®, ISO certified, and include third-party verification of environmental criteria set by EU Regulation.”

Annual report 2024A · The company itself

“Additionally, 13,285 MWh of diesel and petrol were consumed by our car fleet.”

Annual report 2024A · The company itself

“Flooding could increase costs due to higher prices on imported goods, as suppliers face extreme flooding or resource shortages, disrupting supply chain demand. Most of Atea’s suppliers are in Asia, where the RCP8.5 scenario predicts more flooding and heatwaves.”

Annual report 2024A · The company itself

“In most cases, Atea can quickly adjust its prices to compensate for cost inflation and maintain a stable margin. In some cases, there will be temporary delays in Atea’s ability to pass on higher costs to its customers, based on the structure of customer agreements. These temporary delays were a factor behind the high sales growth but decline in Atea’s product and service margins in 2022.”

Annual report 2024A · The company itself

“A total of 39,969 MWh of energy (natural gas and electricity) was consumed to power offices, data centers and for car charging.”

Annual report 2024A · The company itself

“All these minerals are essential for the digital era. Gold’s conductivity makes it vital for IT products, tin is used for soldering smartphone components, tantalum stores energy in capacitors, tungsten is found in the components that make phones vibrate and cobalt ensures high energy density and 105 105 thermal stability in batteries.”

Annual report 2024A · The company itself

“The electronics supply chain could also be disrupted by new barriers to global trade, such as tariffs or restrictions on imported goods. This would lead to higher costs, which Atea would need to pass on to its customers.”

Annual report 2024A · The company itself

“Strength in our markets With nearly 8,000 employees located in 88 cities, in seven European countries — Norway, Sweden, Denmark, Finland, Lithuania, Latvia and Estonia — Atea has a powerful local presence across all of the markets we serve.”

Annual report 2024A · The company itself

“Segmentation Atea has commercial operations in Norway, Sweden, Denmark, Finland and the Baltics. These geographic regions have their own management and are reported as separate operating segments.”

Annual report 2024A · The company itself

“A summary of business performance follows: Sweden is Atea’s largest market, representing 40% of the Group’s gross sales.”

Annual report 2024A · The company itself

“Norway is Atea’s second-largest market, representing 24% of the Group’s gross sales.”

Annual report 2024A · The company itself

“Finland represents 9% of the Group’s gross sales.”

Annual report 2024A · The company itself

“Atea, with 88 offices, logistic centers and data centers in the Nordic and Baltic regions, faces potential risks.”

Annual report 2024A · The company itself

“Atea is the leading provider of IT infrastructure and related services for businesses and public-sector organizations in the Nordic and Baltic regions.”

Annual report 2024A · The company itself

“Atea is the largest provider of IT infrastructure within each of its local markets and is the third largest provider in Europe. The company’s sales in the Nordic and Baltic regions are approximately three times higher than its largest competitor, with an estimated market share of approximately 20%.”

Annual report 2024A · The company itself

“Strength in our markets With nearly 8,000 employees located in 88 cities, in seven European countries — Norway, Sweden, Denmark, Finland, Lithuania, Latvia and Estonia — Atea has a powerful local presence across all of the markets we serve.”

Annual report 2024A · The company itself

“The Baltics (Lithuania, Latvia, and Estonia) represented 4% of the Group’s gross sales.”

Annual report 2024A · The company itself

“Atea is the leading provider of IT infrastructure and related services for businesses and public-sector organizations in the Nordic and Baltic regions.”

Annual report 2024A · The company itself

“Segmentation Atea has commercial operations in Norway, Sweden, Denmark, Finland and the Baltics. These geographic regions have their own management and are reported as separate operating segments.”

Annual report 2024A · The company itself

“Denmark is Atea’s third-largest market, representing 23% of the Group’s gross sales.”

Annual report 2024A · The company itself

“Most of Atea’s suppliers are in Asia, where the RCP8.5 scenario predicts more flooding and heatwaves. These events threaten infrastructure, potentially reducing production.”

Annual report 2024A · The company itself

“During 2024, Atea reported 22,530 m³ of water consumed throughout its operations, including the consumption in offices and data centers.”

Annual report 2024A · The company itself