Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environmental protection
• Employee well-being
• Corporate Social Responsibility (CSR)
• Human rights
• Anti-corruption

Environmental Achievements

• Reduced water consumption by 39.45% from 2020 to 2021
• Reduced electricity consumption by 5.12% from 2020 to 2021
• Recycled 153.78 Mg of waste out of 155 Mg generated in 2021
• Planted 3000 trees in cooperation with a local branch of the State Forests

Social Achievements

• Maintained home office option, flexible working time and an additional day off after a long business trip for employees
• 100% employee retention rate after maternity/paternity leave
• Average employee training hours: 33h for women and 36h for men in 2021
• Received 'Reliable Employer of the Year', 'Employer – Provider of Safe Work', and 'SAFETY LAUREL' awards

Governance Achievements

• Implemented a whistleblowing procedure for anonymous reporting of misconduct
• No instances of corruption identified in 2021
• Compliance with UN Universal Declaration of Human Rights, ILO fundamental conventions, and OECD Guidelines for multinational enterprises

Climate Goals & Targets

Environmental Challenges

• COVID-19 pandemic impacting order volumes, revenue, and supply chains
• Component and raw material shortages and price hikes
• Risk of loss of key personnel due to labor market fluctuations
• Risk of shortage of staff with appropriate competencies
• War in Ukraine impacting Eastern markets and trade receivables

Mitigation Strategies

• Effective preventive measures to mitigate pandemic impact
• Skilled management of feedstock, materials, and component supplies
• Remuneration incentives and internal training programs to retain key personnel
• SECO/GENERATION program to build relationships with schoolchildren and students
• Monitoring of the situation in Ukraine and compliance with economic sanctions

Supply Chain Management

Responsible Procurement

• General Terms and Conditions of Procurement at SECO/WARWICK guaranteeing respect for human rights by trading partners
• Verification of suppliers for compliance with human rights standards

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI

Certifications: ISO 14001

Awards & Recognition

• Reliable Employer of the Year
• Employer – Provider of Safe Work
• SAFETY LAUREL

Environmental Metrics

ESG Focus Areas

• Environmental protection
• Employee relations
• Corporate Social Responsibility (CSR)

Environmental Achievements

• Continued implementation of the SECO/WARWICK Group’s CSR strategy adopted in 2020, focusing on environmental protection.
• Installation of PV solar panels to reduce energy consumption and use renewables.
• Recycling of 115.79 Mg of waste out of 116.95 Mg generated in 2022.
• Planting 3,000 trees in cooperation with the Świebodzin Forest District.

Social Achievements

• Maintaining additional arrangements such as home office option, flexible working hours, and an additional day off after a long business trip.
• 100% retention rate of employees returning to work after maternity/paternity leave.
• Average training time of 40 hours for women and 24 hours for men in 2022.
• Frequent naming as the Reliable Employer of the Year.

Governance Achievements

• Compliance with the Best Practice for WSE-Listed Companies 2021 (with some non-compliance noted and explained).
• Implementation of an Information Security Policy to ensure data and system security.
• Implementation of a Personal Data Security Policy.

Climate Goals & Targets

Environmental Challenges

• War in Ukraine (impact on Russian subsidiary and potential for exchange rate volatility, economic downturn, geopolitical risk, supply chain disruptions, increased energy costs, rising interest rates, and IT risks).
• Shortage of qualified employees and retention of competent staff.
• Risk of impairment of Retech Systems LLC goodwill.
• Possible payment of damages for asbestos claims (lawsuit against SWC).

Mitigation Strategies

• Regular monitoring of economic sanctions imposed on Russia and Belarus.
• Implementation of a share-based incentive scheme and financial assistance program for employee training.
• Monitoring of Retech Systems LLC performance and preparation of annual impairment tests.
• Cooperation with a specialized law firm and use of existing insurance policies regarding asbestos claims.

Supply Chain Management

Responsible Procurement

• Verification of suppliers for compliance with human rights principles through initial and subsequent evaluation and periodic audits.
• General Terms and Conditions of Procurement include a clause guaranteeing respect for human rights by trading partners.

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI

Certifications: ISO 14001

Awards & Recognition

• Reliable Employer of the Year