Sivers Semiconductors AB (publ)
Climate Impact & Sustainability Data (2023)
Reporting Period: 2023
Environmental Metrics
ESG Focus Areas
- Environmental impact reduction
- Employee development and sustainability competencies
- Responsible resource utilization
- Ethical business practices
Environmental Achievements
- Cutting-edge technology reducing energy consumption by up to 90%
- Groundbreaking technology offering 2x power efficiency versus current CMOS solutions.
- Evo-rail's rail-5G solution aims to become the world’s first carbon-neutral communications system by 2025.
Social Achievements
- Employee stock option programs to incentivize and retain employees.
- Share savings program for Group management and key personnel.
- Focus on diversity and inclusion in the workplace.
Governance Achievements
- Compliance with RoHS and REACH regulations.
- Application of OECD guidelines to avoid conflict minerals.
- Code of Conduct for employees and suppliers.
Climate Goals & Targets
Long-term Goals:
- Achieve carbon dioxide neutrality without climate compensation in 2040.
Medium-term Goals:
- Achieve carbon dioxide neutrality through climate compensation (scope 1 and 2) in 2030.
Short-term Goals:
- Evo-rail's rail-5G solution aims to become carbon neutral by 2025.
Environmental Challenges
- Liquidity risk due to being in a development phase and lacking sufficient earning capacity.
- Market risk due to global operations and macroeconomic uncertainties.
- Technology development risk due to rapid technological advancements.
- Competition from major operators with significant resources.
- Dependence on key personnel and suppliers.
- Dependence on a small number of customers.
- Price risk due to dependence on complex input goods.
Mitigation Strategies
- Continuous monitoring and evaluation of financial risks.
- Detailed cash flow forecasts and measures such as new share issues and cost savings.
- Strong research and development focus and established project management processes.
- Targeted recruitment and collaborations with partners.
- Focus on customer satisfaction and quality testing.
- Broadening the customer base.
- Intensive work to retain existing collaborations and sign new agreements.
Supply Chain Management
Responsible Procurement
- Compliance with RoHS and REACH, and freedom from conflict minerals.
- OECD guidelines for responsible supply chains.
Climate-Related Risks & Opportunities
Opportunities
- Development of energy-efficient products
Reporting Standards
Frameworks Used: CSRD (Corporate Sustainability Reporting Directive), ESRS (European Sustainability Reporting Standards)
Certifications: ISO 9001:2015, ISO 14001
Sustainable Products & Innovation
- Energy-efficient 5G mmWave and optical semiconductor products
- Optical I/O solutions reducing power consumption