Climate Change Data

Environmental Metrics

ESG Focus Areas

• Ethical practices
• Corporate governance
• Fair social and economic opportunities
• Data privacy
• Fair labor practices
• Human rights
• Environmental matters

Social Achievements

• Promote and support fair social and economic opportunities in the professional services global market
• Invest resources into data privacy and how we can protect our users
• Advance fairness and transparency in our workforce
• Promote and implement fair labor practices and employees’ human rights throughout our organization
• Prevent sexual harassment and workplace bullying
• Implement non-discriminatory hiring and promotion practices
• Actively pursue gender diversity in our workforce
• Foster an inclusive culture where employees feel challenged and have the tools to thrive at work

Governance Achievements

• Conduct business activities and develop policies based on a firm commitment to ethical practices and corporate governance best practices
• Implement a “code of business conduct and ethics” and anti-bribery/corruption policy with zero tolerance for corruption
• Establish a “Whistle Blower” procedure to dissuade and prevent illegal activity and conduct of business that may harm reputation
• Adopt an Internal Compliance policy including a comprehensive update of internal regulations and codification of internal regulations

Climate Goals & Targets

Environmental Challenges

• Cancellation of use of Generation 2.0 in Israel requiring cooperation with another Israeli cellular company at a cost of up to 4 Million USD per annum for 3-5 years.
• Inflation and shortage of semiconductor supplies leading to increased product costs and advanced inventory orders.
• Potential for cyber security failures harming operations.
• Labor disputes in Brazil and Argentina potentially causing work stoppages.
• Litigation related to alleged monopoly abuse in Israel.
• Lack of permits for some base sites potentially affecting network coverage.
• Currency fluctuations impacting asset valuations and results of operations.

Mitigation Strategies

• Implemented cyber security controls with prevention, detection, and response measures.
• Placed non-cancellable inventory orders in advance to secure supply.
• Negotiating with ENACOM in Argentina to define new frequencies.
• In process of achieving compliance with regulation of base stations in Israel.
• Filing defense against legal claims.

Supply Chain Management

Responsible Procurement

• Code of conduct of Ituran’s Suppliers and Agents

Climate-Related Risks & Opportunities

Sustainable Products & Innovation

• UBI (usage-based insurance)
• Connected Car