Ovzon AB (publ)

Climate Impact & Sustainability Data (2023)

Total Carbon Emissions:894 tCO2e/year (Scope 3)

Scope 2 Emissions:23 tCO2e/year

Scope 3 Emissions:894 tCO2e/year

Renewable Energy Share:50.1%

Total Energy Consumption:146 MWh/year

Installed Roll-Out Solar Arrays (ROSA) on Ovzon 3, resulting in a 20 percent lighter and 75 percent smaller solution compared to traditional solar panels.
Ensured all materials from end-of-life terminals are recycled.

Continued support for various defense forces by providing ultra-light mobile satellite terminals for assistance in diverse initiatives and emergency situations.
Provided communication solutions to voting stations throughout Colombia during the 2022 presidential election and continued providing mobile satellite connectivity to the Attention Unit for Vulnerable Populations (UDAPV) in 2023.

Successfully conducted an ISO 9001 audit in October 2023.
Maintained a zero-tolerance policy towards all forms of discrimination and harassment within the workplace.

Lower level of sales in 2023 compared to 2022 due to changed levels of service deliveries to the Italian Fire and Rescue Services.
Costs pertaining to unsold, strategically purchased capacity.
Provision of 7 MSEK for bad debt related to the company’s former Italian distributor.
Delay in the launch of Ovzon 3 and the change of launch partner to SpaceX, involving increased costs.
Fiscal uncertainty in the USA resulting in rescoping of the annual renewal with the U.S. DOD.

Successfully carried out a directed share issue to cover increased costs from the delay of Ovzon 3 launch.
Successfully conducted a preferential rights issue of 250 MSEK.
Actively working to secure the entire claim of 89 MSEK from the former Italian distributor and has taken legal action.
Cost control and prepayments of contracts to reduce working capital.
Expanded partner base to offer more global coverage.

Frameworks Used: Greenhouse Gas Protocol, UN Sustainable Development Goals (SDGs)

Certifications: ISO 9001