Climate Change Data

Environmental Metrics

ESG Focus Areas

• Employees
• Customers’ first choice
• Suppliers

Social Achievements

• Employee engagement index of 4.3 (out of 5), exceeding the target of 4.0
• 90% of manufacturing suppliers committed to the Supplier Code of Conduct (SCoC)

Governance Achievements

• Good gender balance in management team (40/60), placing Profoto on Allbright’s Green Stock Market List

Climate Goals & Targets

Environmental Challenges

• Market uncertainty due to interest rate rises, inflation, and higher electricity prices leading to a wait-and-see attitude among customers
• Component delivery problems during the summer
• Caution shown by self-employed photographers and consumers regarding spending
• Restraint in major investment decisions affecting demand for automated solutions

Mitigation Strategies

• Acquisition of StyleShoots to strengthen offering in e-commerce photography
• Establishment of a US sales organization for automated solutions
• Continuous investment in product development and innovation
• Monitoring pandemic-related restrictions and adapting strategies accordingly

Supply Chain Management

Supplier Audits: 10 suppliers audited (2 digitally, 8 in person)

Responsible Procurement

• Supplier Code of Conduct (SCoC) based on the ten principles of the UN Global Compact
• Compliance with RoHS and REACH
• Meeting CE marking requirements

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: UN Global Compact

Environmental Metrics

ESG Focus Areas

• Employees
• Customers’ preferred choice
• Transparent supply chain

Social Achievements

• Employee engagement index of 4.2 out of 5.
• 92% of manufacturing suppliers committed to the Supplier Code of Conduct (SCoC).

Governance Achievements

• Established a share-based incentive program for senior executives and key personnel.

Climate Goals & Targets

Environmental Challenges

• Subdued general demand affected by interest rate increases and economic uncertainty.
• Hesitation among e-commerce customers and professional photographers.
• Quality problems found on some components.

Mitigation Strategies

• Continued investment in product development (13% of sales).
• Launched new software solutions and expanded offering to e-commerce customers.
• Took immediate actions to ensure good product quality.

Supply Chain Management

Supplier Audits: 24 suppliers visited, 12 underwent detailed production audit and Code of Conduct review

Responsible Procurement

• Supplier Code of Conduct (SCoC) based on the ten principles of the UN Global Compact.
• Compliance with RoHS, REACH, and CE marking requirements.

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: UN Global Compact