Prodways Group SA
Climate Impact & Sustainability Data (2021)
Reporting Period: 2021
Environmental Metrics
ESG Focus Areas
- Environmental
- Human
- Financial
- Industrial & Societal
- Intellectual
Environmental Achievements
- Reduced resource consumption through the use of technologies that save resources needed for production and a moderate environmental footprint.
Social Achievements
- 57 recruitments
- 33,400 hours of training
- Objective of reducing the employee turnover rate
Governance Achievements
- Implementation of synergies within the Group
- Improvement of profitability and cash flow generated by the activity
- Objective of improving operating income
Climate Goals & Targets
Short-term Goals:
- Increase revenue by 5% to 10% in 2022
Environmental Challenges
- Supply chain disruptions due to the pandemic and global production difficulties
- Dependence on suppliers
- Geopolitical risks
- Competition from large players with significant resources
- Rapid technological changes in the 3D printing sector
- Risks related to the manipulation, storage, or possession of materials
- Risks related to the integration of acquired companies
- Risks related to the non-alignment of the Group's interests or strategy with those of its subsidiaries
- Risks related to the insufficient generation of cash flow to support growth
- Risks related to the lack of reliability of the financial data used within the Group
- Risks related to the insufficient quality and performance of partners or subcontractors used
- Risks related to the difficulties in attracting or retaining employees with the required level of competence
- Risks related to the inadequacy of skills in relation to the transformation of the Group
- Risks related to the insufficiently considered or mastered legal aspects in commitments
- Risks related to the deficient protection of intellectual property or counterfeiting of third-party patents
- Risks related to the non-compliance with regulations
- Risks related to the failure of IT security
- Risks related to the lack of adapted internal skills to the evolution of the Group's professions or activities
- Risks related to the lack of training or anticipation of the necessary skills
- Risks related to poorly organized knowledge transfer
- Risks related to the difficulties in complying with legal and regulatory provisions applicable in France and in all jurisdictions in which the Group has interests
- Risks related to the evolution of standards that may require new R&D work to adapt products developed by the Group and maintain the authorizations and certifications applicable to its products
- Risks related to the counterfeiting of innovations
- Risks related to the non-validity of a patent, counterfeiting by a third party, use of a patented technology by a third party, leakage of know-how, litigation, etc.
- Risks related to difficulties in complying with a performance obligation or other commitment contractually accepted with respect to a client or partner
- Risks related to fraud or cybercrime
- Risks related to the questioning of the CIR (Research Tax Credit) system
- Risks related to the lack of availability, inaccuracy, or lack of coherence of financial data
- Risks related to the dilution of shareholders in the event of financing this growth through recourse to securities issues
- Risks related to the integration of the acquired company or activity into the Group
- Risks related to the realization of the assumptions underlying the valuation and expected benefits of the transaction
- Risks related to the existence of unanticipated costs or hidden liabilities
- Risks related to the departure of key personnel from these companies
- Risks related to the non-realization of the benefits of future or completed acquisitions within the expected timeframes and levels
- Risks related to difficulties in the acquisition and integration process
- Risks related to the non-alignment of strategic objectives between the parent company and its subsidiaries or between subsidiaries
- Risks related to the loss of key personnel
- Risks related to inadequate succession planning or a failure to transfer know-how
- Risks related to the inadequacy of internal skills to the evolution of the Group's professions or activities
- Risks related to the lack of training or anticipation of the necessary skills
- Risks related to poorly organized knowledge transfer
- Risks related to the difficulties in attracting or retaining employees with the required level of competence
- Risks related to the inadequacy of skills in relation to the transformation of the Group
- Risks related to the insufficient quality and performance of partners or subcontractors used
- Risks related to the difficulties in complying with legal and regulatory provisions applicable in France and in all jurisdictions in which the Group has interests
- Risks related to the evolution of standards that may require new R&D work to adapt products developed by the Group and maintain the authorizations and certifications applicable to its products
- Risks related to the counterfeiting of innovations
- Risks related to the non-validity of a patent, counterfeiting by a third party, use of a patented technology by a third party, leakage of know-how, litigation, etc.
- Risks related to difficulties in complying with a performance obligation or other commitment contractually accepted with respect to a client or partner
- Risks related to fraud or cybercrime
- Risks related to the questioning of the CIR (Research Tax Credit) system
- Risks related to the lack of availability, inaccuracy, or lack of coherence of financial data
- Risks related to the dilution of shareholders in the event of financing this growth through recourse to securities issues
- Risks related to the integration of the acquired company or activity into the Group
- Risks related to the realization of the assumptions underlying the valuation and expected benefits of the transaction
- Risks related to the existence of unanticipated costs or hidden liabilities
- Risks related to the departure of key personnel from these companies
- Risks related to the non-realization of the benefits of future or completed acquisitions within the expected timeframes and levels
- Risks related to difficulties in the acquisition and integration process
- Risks related to the non-alignment of strategic objectives between the parent company and its subsidiaries or between subsidiaries
- Risks related to the loss of key personnel
- Risks related to inadequate succession planning or a failure to transfer know-how
- Risks related to the pandemic and its consequences
- Risks related to the evolution of the competitive landscape
- Risks related to the rapid and profound changes in the 3D printing market
- Risks related to the dependence on suppliers
- Risks related to the quality of products from third-party suppliers
- Risks related to the insufficient involvement of distributors or agents or non-compliance with applicable regulations
- Risks related to the quality and reliability of products and distributed products
- Risks related to the economic context and its evolution in the world
- Risks related to the industrialization of innovative products
- Risks related to the execution of contracts
- Risks related to design or manufacturing defects
- Risks related to product or service quality issues
- Risks related to the manipulation of dangerous products
- Risks related to the exposure to harmful substances
- Risks related to road traffic accidents
- Risks related to the kidnapping of an employee during a business trip
- Risks related to the conservation and handling of dangerous products
- Risks related to the collection and recycling of potentially polluting materials
- Risks related to the violation of regulations
- Risks related to the complexity and frequent evolution of accounting standards
- Risks related to the unavailability, inaccuracy, or lack of coherence of financial data
- Risks related to the difficulties in attracting or retaining employees with the required level of competence
- Risks related to the inadequacy of skills in relation to the transformation of the Group
- Risks related to the insufficient quality and performance of partners or subcontractors used
- Risks related to the difficulties in complying with legal and regulatory provisions applicable in France and in all jurisdictions in which the Group has interests
- Risks related to the evolution of standards that may require new R&D work to adapt products developed by the Group and maintain the authorizations and certifications applicable to its products
- Risks related to the counterfeiting of innovations
- Risks related to the non-validity of a patent, counterfeiting by a third party, use of a patented technology by a third party, leakage of know-how, litigation, etc.
- Risks related to difficulties in complying with a performance obligation or other commitment contractually accepted with respect to a client or partner
- Risks related to fraud or cybercrime
- Risks related to the questioning of the CIR (Research Tax Credit) system
- Risks related to the lack of availability, inaccuracy, or lack of coherence of financial data
- Risks related to the dilution of shareholders in the event of financing this growth through recourse to securities issues
- Risks related to the integration of the acquired company or activity into the Group
- Risks related to the realization of the assumptions underlying the valuation and expected benefits of the transaction
- Risks related to the existence of unanticipated costs or hidden liabilities
- Risks related to the departure of key personnel from these companies
- Risks related to the non-realization of the benefits of future or completed acquisitions within the expected timeframes and levels
- Risks related to difficulties in the acquisition and integration process
- Risks related to the non-alignment of strategic objectives between the parent company and its subsidiaries or between subsidiaries
- Risks related to the loss of key personnel
- Risks related to inadequate succession planning or a failure to transfer know-how
- Risks related to the pandemic and its consequences
- Risks related to the evolution of the competitive landscape
- Risks related to the rapid and profound changes in the 3D printing market
- Risks related to the dependence on suppliers
- Risks related to the quality of products from third-party suppliers
- Risks related to the insufficient involvement of distributors or agents or non-compliance with applicable regulations
- Risks related to the quality and reliability of products and distributed products
- Risks related to the economic context and its evolution in the world
- Risks related to the industrialization of innovative products
- Risks related to the execution of contracts
- Risks related to design or manufacturing defects
- Risks related to product or service quality issues
- Risks related to the manipulation of dangerous products
- Risks related to the exposure to harmful substances
- Risks related to road traffic accidents
- Risks related to the kidnapping of an employee during a business trip
- Risks related to the conservation and handling of dangerous products
- Risks related to the collection and recycling of potentially polluting materials
- Risks related to the violation of regulations
- Risks related to the complexity and frequent evolution of accounting standards
- Risks related to the unavailability, inaccuracy, or lack of coherence of financial data
- Risks related to the difficulties in attracting or retaining employees with the required level of competence
- Risks related to the inadequacy of skills in relation to the transformation of the Group
- Risks related to the insufficient quality and performance of partners or subcontractors used
- Risks related to the difficulties in complying with legal and regulatory provisions applicable in France and in all jurisdictions in which the Group has interests
- Risks related to the evolution of standards that may require new R&D work to adapt products developed by the Group and maintain the authorizations and certifications applicable to its products
- Risks related to the counterfeiting of innovations
- Risks related to the non-validity of a patent, counterfeiting by a third party, use of a patented technology by a third party, leakage of know-how, litigation, etc.
- Risks related to difficulties in complying with a performance obligation or other commitment contractually accepted with respect to a client or partner
- Risks related to fraud or cybercrime
- Risks related to the questioning of the CIR (Research Tax Credit) system
- Risks related to the lack of availability, inaccuracy, or lack of coherence of financial data
- Risks related to the dilution of shareholders in the event of financing this growth through recourse to securities issues
- Risks related to the integration of the acquired company or activity into the Group
- Risks related to the realization of the assumptions underlying the valuation and expected benefits of the transaction
- Risks related to the existence of unanticipated costs or hidden liabilities
- Risks related to the departure of key personnel from these companies
- Risks related to the non-realization of the benefits of future or completed acquisitions within the expected timeframes and levels
- Risks related to difficulties in the acquisition and integration process
- Risks related to the non-alignment of strategic objectives between the parent company and its subsidiaries or between subsidiaries
- Risks related to the loss of key personnel
- Risks related to inadequate succession planning or a failure to transfer know-how
Mitigation Strategies
- Implementation of double sourcing where possible
- Identification of alternative suppliers for critical components
- Development of alternative material formulations
- Adaptive pricing policy to offset rising raw material and component costs
- Implementation of quality and traceability procedures
- Strict procedures for handling and storage of potentially dangerous materials
- Regular monitoring of regulations
- Implementation of adapted organizations, specific procedures, and staff training
- Use of external expertise (lawyers, consultants, experts)
- Implementation of internal control procedures
- Regular awareness-raising and training actions for particularly exposed employees
- Implementation of double signature procedures
- In-depth review of all systems with a view to implementing dedicated and personalized solutions (processes and systems)
- Implementation of a succession plan for key personnel
- Development of a human resources policy focused on the retention of key personnel
- Implementation of specific retention objectives for numerous Group executives
- Strengthening relationships with the client and partner community
- Regular communication with targeted media and on social networks
- Awareness-raising and training of Group executives, communicators, and spokespersons
- Dissemination of a press procedure
- Specific press and web monitoring
- Provision of tools and training for employees
- Implementation of a code of conduct against corruption
- Regularly updating risk mapping
- Continuous investment in R&D
- Selective approach to R&D projects
- Diversification of activities
- Proactive prospective monitoring
- Annual strategic board meeting
- Testing innovations at the INITIAL service bureau
- Testing innovations with key clients
- Implementation of technical product reception procedures
- Systematic prior training of users
- Preventive maintenance programs
- Strengthening pre-sales and support teams
- Implementation of procedures for employees on business trips
- Reactive repatriation solutions
- Harmonization of accounting and financial systems
- Implementation of a Group internal control framework
- Identification of critical processes
- Development of an internal control framework for each process
- Dissemination of the internal control framework
- Use of self-assessment questionnaires
- Regular review of the Group's risk mapping
- Implementation of a Group internal control framework
- Identification of critical processes
- Development of an internal control framework for each process
- Dissemination of the internal control framework
- Use of self-assessment questionnaires
- Regular review of the Group's risk mapping
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: IFRS
Certifications: ISO 9001, EN 9100, MDSAP, FDA
Sustainable Products & Innovation
- PLASTCure Absolute Aligner resin