Climate Change Data

Environmental Metrics

ESG Focus Areas

• Sustainability
• Digitalization

Environmental Achievements

• Minimized risk of incorrect ordering and unnecessary waste by providing manufacturers with extensive documentation regarding their products, allowing buyers to choose the best and most environmentally friendly alternatives.
• Facilitates sustainable construction by allowing architects and engineers to analyze their choices of direction and the consequences digitally, eliminating flaws and misunderstandings in the design and applying new design methods faster. During the construction phase, building companies can increase efficiency and reduce waste in construction.

Social Achievements

• Improved decision-making for manufacturers by providing data on when, where and by whom the BIM objects are used.
• Increased efficiency and reduced waste in construction projects for users.

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• Management-level turbulence affecting focus on product development and sales.
• High costs in relation to sales.
• Poorer invoicing within Services due to fewer new development projects than expected.

Mitigation Strategies

• Changed the management team.
• Focused marketing and product strategies on Platform and growth in Annually Recurring Revenue (ARR).
• Introduced a new corporate culture, based on decentralized, fact-based decision-making and an agile approach.
• Invested in a new digital marketing department and digitalized the sales model.
• Adapted the size of the entire organization in line with revenues, cutting back administrative personnel and external purchasing.
• Simplified pricing model and purchasing process.
• Transferred resources to full customer support service, Customer Success.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: Null

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• NorDan recognized as the “most sustainable product” in 2020.

Environmental Metrics

ESG Focus Areas

• Sustainability

Environmental Achievements

• Not disclosed

Social Achievements

• Launched LTIP 2021, a long-term incentive program to retain key personnel.

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• Lower sales in service business due to market situation and internal prioritization of platform services.
• Outflows from existing customer base due to upgrading customer agreements to SaaS and downgrades.
• Impact of COVID-19 on business operations, including limited physical meetings and travel.
• Negative operating cash flow.

Mitigation Strategies

• Focus on expanding the business and seeking new revenue streams.
• Investment in Prodikt platform for climate analyses.
• Adaptation to remote work environment.
• Work on organizational changes and SaaS-adapted sales model.
• Improved treasury policy to reduce investment risk.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: Null

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Best Platform for Specific BIM Information in Europe (Q2 2021 European Architectural Barometer)

Environmental Metrics

ESG Focus Areas

• Environment
• Social Responsibility
• Corporate Governance

Environmental Achievements

• Reduction of the number of hardware models to facilitate reuse
• Introduction of hardware policy to only replace equipment that no longer works
• Digital meetings over physical travel unless there is a strong need to meet in person

Social Achievements

• Introduction of vegetarian food per default
• Analysis of parental leave in different markets
• Monthly global engagement surveys
• Exit interviews with manager and HR manager
• Launched Code of Conduct
• Whistleblowing process and incident management
• Antivirus programme
• Annual cybersecurity training

Governance Achievements

• Launched Code of Conduct
• Whistleblowing process and incident management

Climate Goals & Targets

Environmental Challenges

• High-interest rates, inflation and ongoing political uncertainty around the world
• Decline in new construction
• Meeting demands for more accurate product-specific data that is easy to understand and use
• Meeting demands of new regulatory requirements, particularly in European markets

Mitigation Strategies

• New strategy focused on charting a clear direction, cost savings, and increased efficiency in sales and product development
• Focus on value-generating features and revenues from our ever-growing user group
• Continuous investment in technology and solutions offered, both with new and existing features and our relationship with various stakeholders
• Launching prodikt.com in additional markets beyond Sweden, creating a joint offering to our customers
• Working towards monetisation on the user side

Supply Chain Management

Climate-Related Risks & Opportunities