Industry News

Readly releases its second sustainability report and outlines its 2022 targets

Readly, the digital subscription service, has announced its 2021 Sustainability Report which provides insights into the all-you-can-read digital magazine and newspaper app’s environmental, social and governance performance.

The report outlines Readly’s long term ambitions within sustainability such as climate friendly reading, the empowerment of readers and providing responsible content. Key findings of the report include:

• Reading a digital magazine on the Readly platform results in 86 per cent lower greenhouse gas emissions than reading the printed equivalent. The reduction in CO2 emissions in 2021 corresponds to approximately 15 400 tonnes of CO2e, or the equivalent to the emissions of producing and recycling over 240,000 iPhones.

• Readly’s 2021 climate study results indicate a 36 percent increase in avoided emissions from reading digital. The reduced emissions can be traced to two major contributors – renewable energy used for data storage and a change in reader habits.

• The energy intensity per FTE was 14 per cent lower in 2021 compared to 2020. The main reason was a higher share of renewable energy and a continued high share of employees working remote.

"We address sustainability on many fronts, including lowering our own carbon emissions and helping customers reduce their CO2 emissions by digital reading. We firmly believe that our biggest contribution is empowering readers to become more educated, inspired to live a sustainable lifestyle and turn into more conscious consumers thanks to their consumption of journalistic content. With a new strategy in place and targets for 2022, we can better track our progress and make sure that our contributions in shaping a more sustainable world are optimised" said Mats Brandt, interim CEO Readly.

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