IAR Systems
Climate Impact & Sustainability Data (2019-07 to 2019-09)
Reporting Period: 2019-07 to 2019-09
Environmental Metrics
ESG Focus Areas
- Software security
- Employee retention
- Data security
Social Achievements
- Named company of the year by TechWorks for deep tech innovation.
Climate Goals & Targets
Environmental Challenges
- Slower than expected organic growth in legacy business due to fewer strategic customer wins and slower ramp-up of new products.
- Data loss or security bugs in software code could trigger regulatory scrutiny, legal costs, and reputational damage.
- Competitiveness relies on continuous innovation, and failure to attract and retain skilled professionals could lead to delays and market share loss.
- Cultural challenges integrating Cambridge-based Secure Thingz with Uppsala-based legacy business.
Mitigation Strategies
- Acquisition of Secure Thingz to enhance security offerings and meet IoT security legislation requirements.
- Focus on larger strategic customer wins to drive growth.
- Continuous innovation and development of new technologies to stay ahead of competition.
- Integration of Secure Thingz's technology into IAR Systems' product offerings.
Supply Chain Management
Climate-Related Risks & Opportunities
Sustainable Products & Innovation
- C-Trust and Embedded Trust security offerings
- RISC-V tools
Awards & Recognition
- Company of the year by TechWorks