Climate Change Data

Environmental Metrics

ESG Focus Areas

• Employee well-being
• Resource efficiency
• Product safety
• Ethical supply chain
• Carbon neutrality

Environmental Achievements

• Achieved 100% renewable energy use
• Installed a geothermal system (to be operational in 2024)
• Total emissions in 2023 were 725 t CO2e (compensated fully)
• Reduced energy used for heating by 807 MWh (694 MWh in 2022)

Social Achievements

• Employee satisfaction survey result > 4 (scale 1-5) with a score of 4.0 (4.1 in 2022)
• Annual attrition below 8%, with 3.3% (5.4% in 2022)
• Sick leaves less than 3% of total working hours in a year, with 0.7% of hours worked during the year (0.9% in 2022)
• Organized the International Photodynamic Association’s World Congress in Tampere, Finland
• 52% of critical suppliers signed the ethical guidelines (0% in 2022)

Governance Achievements

• Implemented ISO 27001 information security standard certificate (received end of February 2024)
• Compliance with Finnish Limited Liability Companies Act and Finnish Securities Market Association’s Corporate Governance Code 2020
• No ESG-related controversies or legal issues reported

Climate Goals & Targets

Environmental Challenges

• Project delays caused by matters beyond their control
• Slower than expected implementation of the pay per treatment (PPT) business model due to information security process audits
• Weak revenue development impacting profitability
• Non-recurring costs related to the investment program

Mitigation Strategies

• Initiated ISO 27001 certification of information security processes
• Investment program completion expected to improve numbers in 2024
• Focus on implementing growth strategy including the launch of the PPT model and expansion in the US

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Ethical guidelines; approximately half of critical suppliers committed to the Code of Conduct

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: Null

Certifications: ISO 9001:2015, ISO 14001:2015, ISO 13485:2016, ISO 27001:2022, WWF Finland Green Office

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• 3
• 4
• 5
• 8
• 9
• 12

Modulight's work focuses on medical technology products that improve people's health and help prevent and treat serious diseases; the company offers its personnel equal opportunities to develop their knowledge and skills; Modulight strives for sustainable and productive economic growth and employment; Modulight's offering is based on strong research and product development; Modulight develops its policies to ensure the efficient use of natural resources and to reduce its environmental impact.

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed