We have released our Environment, Social, and Governance (ESG) report for 2023, marking our debut in ESG reporting. By offering a portrayal of the existing ESG initiatives and performance, the report underscores our dedication to empowering sustainable practices and maintaining social and corporate responsibility.
In a move towards greater transparency and accountability, we have unveiled our first Environment, Social, and Governance (ESG) report, marking a significant milestone in our commitment to sustainability, society, and ethics. The report not only presents a comprehensive overview of the current ESG performance but also serves as a benchmark for future initiatives.
From renewable energy projects to employee engagement and workplace safety, the report underscores our multifaceted approach toward fostering a better workplace and future.
The release of this ESG report occurs simultaneously with our ambitious growth strategy fueled by strategic acquisitions. These acquisitions align with our overarching goal of promoting renewable energy systems while boosting market presence.
“We have established ambitious goals for the future of our company as we embark on an exciting journey of growth. This expansion journey will elevate our reach to new heights within just a few years. Growing this much means that our environmental, social, and ethical responsibilities also grow with us. Therefore, initiating our ESG reporting now was imperative for us”, explains Thomas Bagger, CEO of SCADA International.
ESG is more than just reporting
For Thomas Bagger, ESG reporting, and its importance in the industry has evolved throughout the years. He elaborates:
“ESG factors have evolved beyond being solely driven by a philanthropic desire to do good. Although building a company that is environmentally and socially responsible is a core element for ESG reporting, these factors now also play a significant role in influencing how investors, customers, and potential hires view a company.”
This decision has also been fueled by Magnesium Capital, investors at SCADA International. Alfonso V. Caro, SCADA International Board Member and Magnesium Capital partner, further explains:
“Having a strong ESG and impact focus makes business sense. Stakeholders, whether employees or customers, want to work with a company that has sound governance and that is committed to environmental and social matters whilst delivering high-quality products and services. And as board members and partners, we work with the management team to keep the right level of focus across all areas. SCADA International has a strong ESG culture and is a clear contributor to a decarbonised energy system, making it a great example of the type of company we aim to partner with.”
Our goal: to empower our planet, our people, and decency
In the ESG report, we highlight three main areas that represent the core of our efforts to contribute to a renewable future.
Empowering our planet means acknowledging the pressing necessity of tackling environmental challenges and taking pride in our role as part of the renewable industry.
As stressed in the report, a huge part of this is also promoting our people and business decency. Our commitment to social responsibility extends beyond environmental considerations to encompass the well-being of our community and employees. At the same time, we value decency in all its aspects, with integrity, transparency, and accountability embedded, first and foremost, in our corporate culture.
In the report, you can dive into all this and learn how we, in 2023, initiated activities across all three areas to foster an environment where our company can grow and contribute to a greener and better future.
The report is now available to download – just click on the button below.
