Climate Change Data

Environmental Metrics

ESG Focus Areas

• Economic sustainability, business ethics and good business practices
• Social sustainability and environmental responsibility
• Quality responsibility
• Information responsibility
• Digital responsibility

Social Achievements

• Developed a values-based HR offering based on a current situation and needs analysis, including initiatives like 'Walk with Advenica' and 'PulsMeter' for employee well-being and development.
• Recruited 14 people to the development department, including a new development manager; one person specifically to develop Professional Services; and three more to the sales organization.

Governance Achievements

• The company's corporate governance is based on applicable legislation, relevant parts of the Swedish Code of Corporate Governance, and internal guidelines and regulations.

Climate Goals & Targets

Environmental Challenges

• Market-related and company-specific risks including macroeconomic conditions, market risk, sales to the defense sector, customer concentration, competition, key personnel, research and development, trade secrets, intellectual property rights, warranty liability, product liability and security requirements, supplier risk, export permits, permits and environment, insurance, disputes.
• Financial risks including further financing needs, going concern, liquidity risk, taxes and duties.

Mitigation Strategies

• The company monitors its financial risks continuously, aiming to minimize currency risk and financing risk. A rights issue raised 44.2 MSEK before emission costs.
• The company has a check credit facility.
• The company monitors cash flow and liquidity reserves to ensure sufficient funds for operations.
• The company's main sales are to Swedish authorities, considered secure payers.
• The company has detailed contractual provisions with some defense sector clients regarding defense secrecy and strict security requirements.

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: IFRS

Certifications: EU-approved VPN technology at the highest security level, US patent for Three Domain Separation technology, N3-approved (HEMLIG/TOP SECRET) data diode by the Swedish Armed Forces

Third-party Assurance: Ernst & Young AB

Environmental Metrics

ESG Focus Areas

• Economic sustainability, business ethics and good business practices
• Social sustainability and environmental responsibility
• Quality responsibility
• Information responsibility
• Digital responsibility

Social Achievements

• Walk with Advenica (employee wellbeing initiative)
• Advenica Academy (employee training)
• Encouragement of further education for employees
• Industry doctoral project in collaboration with Lund University of Technology

Governance Achievements

• Board diversity is addressed in the report, but specific policies or programs are not explicitly mentioned.

Climate Goals & Targets

Environmental Challenges

• Supply chain disruptions due to the COVID-19 pandemic
• Increased competition in the cybersecurity industry
• Dependence on key personnel
• Maintaining protection of company secrets
• Maintaining intellectual property rights
• Warranty and product liability
• Supplier risk
• Export permits
• Permits and environment
• Insurance coverage
• Potential for disputes
• Potential need for additional financing
• Liquidity risk
• Tax and duties

Mitigation Strategies

• Secured short-term loan financing (15 MSEK)
• New strategic partnerships
• Investment in R&D to meet market needs
• Contractual agreements with employees, suppliers, customers, and partners to protect company secrets
• Patent protection for products
• Contractual limitations on liability and warranty
• Diversification of suppliers
• Obtaining necessary export permits
• Maintaining necessary permits
• Adequate insurance program
• Not explicitly mentioned, but the company addresses risks through internal controls and risk management processes.
• Not explicitly mentioned, but the company addresses risks through internal controls and risk management processes.
• Not explicitly mentioned, but the company addresses risks through internal controls and risk management processes.
• Not explicitly mentioned, but the company addresses risks through internal controls and risk management processes.

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: IFRS

Certifications: ISO 14001:2004, ISO 9001:2008

Third-party Assurance: Ernst & Young AB

Sustainable Products & Innovation

• Secure Remote Access
• File Security Screener
• New smaller Data Diode

Environmental Metrics

ESG Focus Areas

• Economic sustainability, business ethics and good business practices
• Social sustainability and environmental responsibility
• Quality responsibility
• Information responsibility
• Digital responsibility

Social Achievements

• Increased employee wellbeing initiatives (Walk with Advenica, Advenica Academy, PulsMeter)

Governance Achievements

• Improved internal control and risk management systems

Climate Goals & Targets

Environmental Challenges

• Increased cyberattacks impacting society
• Slow reaction time from other sectors to invest in cybersecurity solutions
• Competition in a cybersecurity market
• Dependence on key personnel
• Challenges in attracting and retaining skilled personnel in a competitive job market
• Risks related to protecting company secrets and intellectual property
• Supplier risks
• Export permit requirements
• Potential for legal disputes
• Uneven cash flow due to the nature of procurement and delivery processes
• Tax disputes

Mitigation Strategies

• Continued development of cybersecurity solutions and new products
• Strengthening employer branding efforts to attract and retain talent
• Implementing Industry Best Practice methodologies (agile methods and DevOps)
• Closer collaboration with customers and end-users
• Protecting intellectual property through patents, trademarks, and contracts
• Diversifying customer base and sales channels
• Maintaining adequate insurance coverage
• Proactive risk management and internal control systems
• Addressing tax disputes

Supply Chain Management

Climate-Related Risks & Opportunities

Sustainable Products & Innovation

• Secure Remote Access
• File Security Screener

Awards & Recognition

• Nominated for Nordic PR Awards, Newsroom of the Year