We address Environmental, Social and Governance issues in a structured and transparent manner.

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Environmental:

Environmental impact can be categorised across three scopes:​

• Scope 1: directly caused by the company, e.g. through facilities

• Scope 2: indirectly caused, e.g. energy, electricity, waste

• Scope 3: caused by upstream and downstream activities, e.g. business travel, transportation of the product, customers’ energy usage

Our target is both, measuring, but most importantly, reducing the impact of all scopes.​

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Social:

Social impact can be categorised across four scopes:

• DEI: integrating diverse and inclusive practices across all areas of the business (e.g. diversity across all levels of the organisation, inclusive hiring practices)

• Team and working environment: building a strong culture and being a conscientious employer (e.g. pay gap, parental leave, living wage)

• Responsible product design: designing and building products with consideration of the ethical and human implications on the end-user and society

• Supply chain: working towards an ethical and environmentally resilient supply chain (including a Supplier Code of Conduct embracing the UN’s Global Compact)

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Governance:

Governance impact can be categorised across three scopes:

• Legal and regulatory: being on top of and aligned to the latest laws, regulations and compliance standards (e.g. GDPR (and equivalent), UN Guiding Principles of Business and Human Rights, the eight core ILO conventions); the oversight of these issues should be ensured by the founding team and Board of Directors

• Governance structure: having appropriate governance structures in place, according to the company’s stage (e.g. board structure, share structure); writing out a code of conduct (committing the company to high ethical standards); adopting a whistle-blower policy.

• Data privacy and security: instilling a strong culture of trust, responsibility and best practice (e.g. with internal systems) around data

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ESG Responsibility:

While every member of our team is concerned with and thinks along the lines of ESG when making decisions, we have assigned the overall responsibility for ESG to our ED. Our approach to ESG will be discussed regularly in our C-level meetings (at least once a year).

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• Hiring and working environment: we are committed to hiring a diverse team and providing an inclusive working environment. We have a specific HR policy in place (including considerations of inclusive hiring, parental leave, pay gaps).

 

• Good governance: all our decision making in both the advisory/ oversight board and larger team is committed to good governance principles; across these bodies, we track a range of diversity metrics (e.g. gender/ethnicity of team and advisory board) and are committed to always keeping ideally a 50/50 gender split.