Ependion designs and delivers hardware and software subject to stringent quality and delivery reliability standards. However, risks related to our coworkers’ health and social conditions in the value chain, as well as risks associated with the climate crisis do arise. The most material sustainability risks identified in our business are:
Climate change
Climate change presents risks that can impact customers and suppliers, as well as beijer group’s operations. The biggest physical risks are mainly caused by flooding, fires and extreme weather, which can impact the delivery reliability of components and products.
Conflict minerals
For conflict minerals, the major risks relate to human rights, and the Group’s ambition is to ensure no conflict minerals are used in its business. Psychosocial coworker health & safety The working environment can present a risk associated with psychosocial factors like stress, but also to some extent, physical risks such as work-related injuries.
Corruption
Corruption is another area that can represent a risk to the company, which is prevented proactively through training.
Information security
The risks relating to information security include important data leaks from operations or customers due to inadequacies in working methods or the security solutions of products. To prevent this, the Group has been working on secure IT infrastructure for the long term. Work on ISO 27001 (information security management) continued in 2021 and 2022. Westermo certified in 2022, and Beijer Electronics will certify in the first half-year 2023. These actions will reduce these risks further.
All these risks are addressed in the Group’s Sustainability Framework, where activities and improvements are identified and actioned as a continuous process
Beijer Group has changed name to Ependion
Continue