Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Reduced business travel by more than 50% due to the pandemic.
• Initiated collaboration with hardware manufacturers on optimized packaging to reduce unused parts and transportation.
• Initiated a survey of customers’ recycling needs and provided locally adapted guidelines for recycling.

Social Achievements

• Expanded health and safety routines to protect employees during the pandemic.
• Established a broad working group of employees focused on sustainable practices.
• Conducted an international NPS survey with over 400 respondents to improve customer satisfaction.

Governance Achievements

• Signed the UN Global Compact’s ten sustainability principles.
• Prepared a new sustainability strategy and began implementation.
• No incidents of bribery or corruption were reported.

Climate Goals & Targets

Environmental Challenges

• The pandemic caused a shift in project sales and restraint in project business.
• Declining sales and profitability in Finland due to the pandemic.
• Postponement of projects and re-planning of installations due to the pandemic.

Mitigation Strategies

• Management acted quickly during the first quarter and launched an action programme.
• Investments in scalability, harmonisation and internationalisation.
• Focus on developing existing customer base and large procurements.

Supply Chain Management

Responsible Procurement

• Collaboration with hardware manufacturers on optimized packaging.
• Working only with partners who share the same view of sustainability.

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: UN Global Compact

Environmental Metrics

ESG Focus Areas

• Environment and climate
• Sustainable business and business ethics
• Employees

Environmental Achievements

• Installed 4152 LED screens at customers (reducing energy consumption by 75-80% compared to older LCD screens)
• Achieved estimated annual energy savings of 43,000 MWh through software functions
• Reduced transport distances by more than 5% annually in Germany through optimized service staff booking

Social Achievements

• Established a new Group-wide HR function to improve employee processes and governance
• Introduced monthly meetings for all employees
• Implemented a new decision-making system for clearer mandates

Governance Achievements

• Implemented a new decision-making system improving control possibilities
• Established an internal whistleblower function
• Implemented a structured due diligence process in purchasing to identify human rights risks

Climate Goals & Targets

Environmental Challenges

• Hardware's energy consumption during use accounts for the biggest share of carbon emissions
• Hardware manufacturing processes (including component production, assembly, and shipping) contribute to environmental impact
• Potential for human rights violations in the manufacturing of certain input materials and sub-components in screens

Mitigation Strategies

• Advising customers on energy-efficient LED screens
• Integrating energy-saving functions in software (automatic shutdown, light optimization)
• Using smart sensors to activate screens only when needed
• Prolonging the end-of-life (EoL) of hardware through advice and software
• Implementing a structured due diligence process in purchasing to identify and mitigate human rights risks
• Collaborating with hardware manufacturers to increase circular flows and promote repair instead of disposal

Supply Chain Management

Supplier Audits: 70% of hardware purchases in 2023 came from two suppliers in countries with sufficient human rights protection and aligned sustainability principles; annual evaluation of all major suppliers and contractual guarantees from other major suppliers in the long term.

Responsible Procurement

• Clear due diligence in purchasing processes to identify risks of human rights violations
• Collaboration only with fully validated international hardware suppliers with aligned principles on business ethics, environment, and human rights
• Service providers must meet the principles in the Code of Conduct

Climate-Related Risks & Opportunities

Transition Risks

• Customers’ conversion and their demands for a low-carbon supply chain

Opportunities

• Development of energy-efficient products and services

Reporting Standards

Frameworks Used: UN Global Compact, SASB (referenced, not fully compliant), SDGs (referenced)

UN Sustainable Development Goals

• SDG 13.1
• SDG 12.2
• SDG 12.5
• SDG 16.5
• SDG 8.7
• SDG 5.5

Initiatives contribute to these goals through monitoring the business’s carbon footprint, developing green offerings, reducing energy consumption, combating corruption, eradicating forced labor, and ensuring women’s full and effective participation.

Sustainable Products & Innovation

• Energy-reducing LED screens
• Software with energy-saving functions
• Smart sensors