Climate Change Data

Environmental Metrics

ESG Focus Areas

• Climate Change
• Social and Societal Impact
• Governance

Environmental Achievements

• ISO 14001 certification of environmental management system
• EcoVadis Platinum rating (top 1%) with a score of 80/100 on environmental component
• Total carbon footprint calculation (scopes 1, 2, and 3) completed (122 KT) and carbon intensity (200g CO2/€ revenue)
• Plan to reduce carbon intensity by -40% by 2027 (excluding avoided emissions)
• Continued low-carbon logistics policy
• Continued "Second Life" program for eco-design and repairability of products
• Formalization of environmental policies (purchasing, logistics, conflict minerals, ROHS/REACH compliance)

Social Achievements

• Ethical audit of supply chain
• Renewed commitment to UN Global Compact, Women Empowerment Principles, and partnership with Women Initiative Foundation
• Increased number of women in workforce (34%), with 41% of new hires being women
• Mentoring program to increase female managers (27%)
• Establishment and dissemination of social and societal policies (human rights, anti-discrimination, ILO values, occupational health and safety, labor rights, diversity and inclusion)
• Employee shareholding increased to approximately 30% of personnel

Governance Achievements

• Board of Directors now includes 50% women and 50% independent directors
• Nomination and Remuneration Committee enhanced with ESG component and expanded charter
• Formalization of governance policies (Code of Ethics, Supplier Code of Conduct, conflict of interest declarations, ethics alert reporting)

Climate Goals & Targets

Environmental Challenges

• Responding to stakeholder expectations regarding climate change
• Potential new regulations enforcing carbon pricing
• Long-term risks of rising temperatures and water scarcity impacting supply chain and data centers
• Ensuring ethical standards in supply chain (working conditions, health and safety, conflict minerals)
• Maintaining customer satisfaction and economic stability of customers

Mitigation Strategies

• ESG consulting and audit budgets
• Dedicated ESG team
• R&D budgets for low-carbon IoT devices
• ESG audits of suppliers
• Supplier Code of Conduct
• EcoVadis Responsible Procurement Program
• ISO 14001 and 27001 certifications
• Multi-sourcing and multi-site strategy for component supply and industrial subcontracting
• Climate change adaptation strategy (2023)

Supply Chain Management

Supplier Audits: 88% of goods suppliers, 100% of EMS audited; 100% of EMS signed Supplier Code of Conduct; 97% of component suppliers signed Supplier Code of Conduct; 94% of merchandise suppliers signed Supplier Code of Conduct

Responsible Procurement

• Responsible and Sustainable Purchasing Policy
• Supplier Code of Conduct
• Conflict minerals policy
• ROHS and REACH compliance policy
• EcoVadis assessments

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather
• Water scarcity

Transition Risks

• Carbon pricing
• Regulatory changes

Opportunities

• Demand for sustainable technologies
• Improved employer brand
• Investor interest in climate action

Reporting Standards

Frameworks Used: GRI, TCFD, UNGC

Certifications: ISO 14001, ISO 27001

Third-party Assurance: KPMG S.A.

UN Sustainable Development Goals

• SDG 7 (Affordable and Clean Energy)
• SDG 9 (Industry, Innovation and Infrastructure)
• SDG 12 (Responsible Consumption and Production)
• SDG 13 (Climate Action)

Initiatives contribute to these goals through reduced carbon emissions, sustainable supply chain practices, eco-design, and promotion of sustainable retail practices.

Sustainable Products & Innovation

• Low-energy ESLs
• Recyclable ESLs
• Battery-less ESLs (future)

Awards & Recognition

• EcoVadis Platinum rating
• LSA and Perifem awards (2021)

Environmental Metrics

ESG Focus Areas

• Climate change
• Diversity
• Governance
• Sustainable supply chain
• Employee well-being

Environmental Achievements

• Launched EdgeSense, a range of low-carbon solutions
• Obtained EcoVadis Platinum rating (90/100 environmental score)
• Received a B rating from the Carbon Disclosure Project (CDP)
• ISO 14001 certification for environmental management system
• Signed SBTi’s letter of commitment to reduce carbon intensity
• Continued "Second Life" program for recycling labels
• Recycled 1.9 million labels

Social Achievements

• Continued diversity program and signed the Diversity Charter
• Implemented benefits to facilitate international parenting
• Significant progress on employee satisfaction survey (E-NPS)
• First philanthropic actions

Governance Achievements

• Board of Directors includes 50% women and 50% independent directors
• Created a Strategy and ESG Committee
• Formalized governance policies
• Developed a policy prohibiting financing of political parties
• Renewed commitment of suppliers and employees to Codes of Ethics and Conduct

Climate Goals & Targets

Environmental Challenges

• Reducing carbon intensity
• Achieving gender parity
• Auditing supply chain for ethics and safety
• Quantifying avoided emissions from solutions
• Ensuring supplier compliance with ethical standards

Mitigation Strategies

• Implemented new carbon intensity calculation using SBTi methodology
• Launched internal programs to increase female representation in management
• Conducted ESG audits of suppliers
• Developing reliable methodology for calculating avoided emissions
• Developed and implemented a Supplier Code of Conduct

Supply Chain Management

Supplier Audits: 19 audits in 2023 (16 on-site, 3 remote)

Responsible Procurement

• Responsible and Sustainable Purchasing Policy
• Supplier Code of Conduct (98.2% signature rate)
• Conflict minerals policy
• EcoVadis assessments

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events
• Flooding
• Droughts

Transition Risks

• Regulatory changes (carbon pricing)
• Supply chain disruptions

Opportunities

• Development of energy-efficient products (EdgeSense)
• Increased investor interest in sustainable companies
• Improved employer brand

Reporting Standards

Frameworks Used: GRI, SBTi, TCFD

Certifications: ISO 14001, ISO 27001

UN Sustainable Development Goals

• SDG 3
• SDG 5
• SDG 7
• SDG 8
• SDG 9
• SDG 11
• SDG 12
• SDG 13

VusionGroup's initiatives contribute to these SDGs through various programs and solutions related to health, gender equality, clean energy, decent work, innovation, sustainable cities, responsible consumption, and climate action.

Sustainable Products & Innovation

• EdgeSense
• Other low-carbon IoT solutions

Awards & Recognition

• EcoVadis Platinum rating (2022, 2023)
• CDP B rating
• LSA and Perifem prizes for Smartdetection Flash Evo