Climate Change Data

Sensys Gatso Group AB

Climate Impact & Sustainability Data (2022, 2023)

Reporting Period: 2022

Environmental Metrics

ESG Focus Areas

  • Good health and well-being
  • Sustainable cities and communities
  • Environmental impact reduction
  • Human rights
  • Labor standards
  • Anti-corruption

Environmental Achievements

  • Steady decrease in KPIs for water, energy, gas use, and CO2 emissions since 2012 (except for gas, which is weather-dependent).
  • Compliance with WEEE and RoHS directives.
  • ISO 14001 certification in Netherlands subsidiary.

Social Achievements

  • Introduction of a platform allowing flexible working environments in 2019.
  • Employee satisfaction and performance interviews twice yearly.
  • Annual mandatory training on the company’s code of conduct.
  • Active participation in major conferences (UNECE, AfDB, IRF, ITS World Congress, RS5C, ARSC) to share knowledge and expertise.

Governance Achievements

  • Compliance with UN Global Compact ten principles.
  • ISO 9001 certifications in operational subsidiaries.
  • ISO 27001 certification in operational subsidiary.
  • Implementation of a Code of Conduct, Anti-Corruption Policy, and Whistleblower Policy.
  • Annual risk assessment and risk management analysis.

Climate Goals & Targets

Medium-term Goals:
  • Increase net sales to more than SEK 1 billion by 2025, with more than SEK 600 million from TRaaS revenues.
  • Increase EBITDA margin to more than 15% by 2025.

Environmental Challenges

  • Limited workforce diversity despite company efforts.
  • Unpredictable government budget position in Costa Rica.
  • Potential human rights risks in some project locations.
  • Increased costs due to implementation of a new ERP system.
  • Impact of inflation and increased transport costs due to the war in Ukraine and global energy price increases.
Mitigation Strategies
  • Internal workshops to highlight and discuss human rights in project locations.
  • Continued collaboration with municipalities to start business in Costa Rica with local projects.
  • Investing in front-end sales personnel and initiatives to support US market expansion.
  • Price agreements with suppliers to mitigate increased oil prices.
  • Hybrid work model combining office and home work to reduce commute and travel.

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: UN Global Compact

Certifications: ISO 9001, ISO 14001, ISO 27001, ISO 17020:2012 (Sensys Gatso Sweden AB)

Third-party Assurance: BDO Mälardalen AB

UN Sustainable Development Goals

  • SDG 3
  • SDG 11

Sensys Gatso’s business is focused on SDG goal number 3, good health and well-being, and SDG goal number 11, building sustainable cities and communities.

Reporting Period: 2023

Environmental Metrics

ESG Focus Areas

  • Environmental
  • Social
  • Governance

Environmental Achievements

  • Contributed to a healthier environment for citizens by helping to ban polluting vehicles in cities
  • Reduced CO2 pollution by enforcing speed limits

Social Achievements

  • Introduction of Traffic enforcement as a Service in Australia and Ghana
  • Expansion of our footprint in the USA by onboarding of new customers
  • Implemented an Employee Engagement Platform, Winningtemp, for all employees globally.

Governance Achievements

  • Maintained the same average percentage of sick days as previous years, 2–4%
  • Implemented an anti-corruption policy and annual training for employees.
  • Established a whistleblower policy.

Climate Goals & Targets

Medium-term Goals:
  • Grow net sales to more than SEK 1 billion by the end of 2025, of which TRaaS revenues are more than SEK 600 million.
  • Increase EBITDA margin to more than 15% by the end of 2025.

Environmental Challenges

  • High capital expenditure upfront for Managed Services contracts.
  • Volatility in System Sales due to large and small contracts.
  • Seasonality in Managed Services sales related to weather and holidays.
Mitigation Strategies
  • Focus on recurring TRaaS revenue streams.
  • Risk management integrated into each customer project using Risk Assessment Analysis.
  • Regular cash flow forecasts and monitoring of bank covenants.

Supply Chain Management

Responsible Procurement
  • European-centric supply chain; uses third-party suppliers in Sweden and its own production facility in Haarlem, the Netherlands.

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: UN Global Compact

Certifications: ISO 9001, ISO 14001, ISO 27001, ISO 17020:2012 (Sensys Gatso Sweden AB)

Third-party Assurance: BDO Mälardalen AB

UN Sustainable Development Goals

  • SDG 3
  • SDG 11

Sensys Gatso's business focuses on improving road safety (SDG 3) and building sustainable cities and communities (SDG 11).

Sustainable Products & Innovation

  • FLUX enforcement platform