ESG at Storytel
ESG (Environmental, Social, and Governance) encompasses environmental responsibility, social responsibility, and corporate governance. It serves as an established framework for steering and disclosing Storytel’s impact on society and the planet. To enhance transparency and enable comparability, Storytel chose in 2025 to streamline its sustainability reporting to the universal ESG framework. This allows us to more clearly connect our initiatives to international standards and facilitates a better analysis for external stakeholders.
For a detailed overview of the transition from the Footprint, Brainprint, and Fingerprint pillars to ESG, please refer to the Sustainability Report, page 31.
Storytel’s Materiality Assessment
Storytel conducted its first materiality assessment in 2018, which formed the foundation for our initial sustainability strategy and focus areas. In 2022, the assessment was updated at the Group level to identify material issues that: 1) create value, 2) align with the Group’s most significant risks, and 3) are measurable. The process engaged approximately 1,500 individuals across various internal and external stakeholder groups, including 959 customers.
In 2024, this work was further developed through a Double Materiality Assessment (DMA). This methodology identifies how sustainability issues affect Storytel’s financial value, as well as how the Group’s operations impact people and the environment. The analysis is reviewed annually ahead of each reporting period and is revised in response to changes in the business that impact our material sustainability topics. The results of this assessment form the basis of our current ESG reporting, ensuring that we prioritize the issues most relevant to our business and our stakeholders.
Our material topics are:
- Climate Change (E1)
- Own Workforce (S1)
- Workers in the Value Chain (S2)
- Consumers and End-users (S4)
- Responsible Business Conduct (G1)
Read more about how the assessment was conducted in the 2025 Sustainability Report.
ESG and Risk Management
The Storytel Group conducts an annual risk assessment to identify, evaluate, and prioritize the risks most significant to achieving our established business objectives. ESG-related risks are an integrated part of this Group-wide risk assessment. For each identified risk, appropriate measures are determined to either reduce the likelihood of the risk occurring or mitigate its potential consequences. Risks are assigned an owner responsible for monitoring and follow-up. A review and status report of the most significant risks is performed at least once a year and is included in the reporting to the Audit Committee and the Board of Directors.
Division of Responsibility
The Board of Directors is responsible for the Group’s annual governance process, including sustainability, which encompasses the review and approval of related targets, policies, and processes. Progress toward these targets is documented in the annual Sustainability Report, which is subject to the Board’s final review and approval.
Within the Board, the Audit Committee has a specific responsibility to ensure that the Group complies with applicable requirements regarding environmental, social, and corporate governance (ESG). The Committee is also responsible for ensuring that the Group works strategically and systematically with sustainability across the entire business, manages target-setting and reporting processes, strengthens relationships with external stakeholders, operates with high business ethics, and supports the Board in fulfilling its responsibilities.