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Sustainability management

Our board of directors endorses the overall ESG strategy and approves significant commitments, such as the Science-Based Target initiative.

The Head of ESG & Sustainability leads the environmental management, driving initiatives forward, and delivering intended outcomes. Regular updates on environmental management progress are provided to the board and the Group Management Team (GMT) to facilitate oversight and support decision-making on strategies and risks.

We have performed a materiality analysis to determine external and internal issues relevant to our purpose and affect our ability to achieve the intended outcomes of our environmental management system. This analysis is scheduled to be reviewed in 2023.

Results and conclusions from EcoOnline's materiality assessment 2022

In February 2022 we analyzed EcoOnline's business model, risks, ambitions, and market trends to identify essential environmental, social, and governance (ESG) topics. Through a materiality analysis in 2022, we prioritized the most crucial material issues, considering stakeholders' perspectives through interviews and surveys conducted with customers, potential customers, investors, and employees. Through these insights we have shaped EcoOnline's ESG strategy and formed the basis of our sustainability reporting aligned with the GRI Standards (Global Reporting Initiative).

Based upon the assessment of key stakeholder expectations, the impacts to ESG, and relevance to our strategy, EcoOnline defines its material topics and boundaries as listed below:

E

External goals

Helping Our Customers Reduce Their Climate and Environmental Impact

Example KPIs:

  • Number of carbon footprint or environment-related actions
  • Number of chemical substitution evaluations
  • Number of chemical/environment risk assessments

Internal goals

Scope 1:

  • Reducing business travel emissions

Scope 2:

  • Ensuring offices use green/renewable energy
  • Implementing sustainable waste management practices

Scope 3:

  • Addressing emissions in the supply chain, particularly cloud storage

S

External goals

Helping Our Customers Increase Workers' Health and Safety

Example KPIs:

  • Number of employees educated in workplace safety (FTEs)
  • Number of hazard and 'near-miss' reports
  • Number of safety audits

Internal goals

Equality & Diversity:

  • Increase the percentage of women in leadership positions
  • Enhance diversity across all organizational levels
  • Reduce gender pay gaps

Employee Engagement:

  • Decrease sick leave rates
  • Minimize unplanned turnover
  • Promote skills and career development opportunities
  • Facilitate hybrid working arrangements

G

External goals

Helping Our Customers Become Compliant

by Streamlining Processes and Record-Keeping within Environmental, Health & Safety, Chemical Safety, and Crisis Management

Internal goals

Business Ethics:

  • Mitigate risks of bribery and corruption
  • Enhance cybersecurity measures
  • Enforce a supplier code of conduct program to ensure high ethical standards and compliance

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