Reporting Basics and Principles
Scope of Reporting
This sustainability report published as part of the annual report is the fifth extensive report on the management and implementation of sustainability at Bittium. The year 2022 was the first year of the new sustainability program, in accordance with which Bittium has implemented sustainability-related themes by developing metrics and providing more extensive information on the impacts of its operations. The new sustainability program is an updated version of the 2020–2022 sustainability program, which was based on a materiality analysis carried out in 2019, the purpose of which was to gain understanding of our stakeholders´ views regarding our previously selected focus areas in sustainability. The focus area objectives and metrics of the sustainability program were updated to strengthen the company´s objectives related to being a responsible corporate citizen in society.
To enable comparison, Bittium´s sustainability report is based on the Global Reporting Initiative (GRI) Standards framework. The table at the end of the report contains references to the relevant elements of the GRI Standards framework. The report covers Bittium´s four sustainability focus areas and a description of financial effectiveness. The financial data is collected from Bittium´s financial information systems, and the majority of personnel data is from HR management systems. The reported financial figures are based on Bittium´s audited financial statements from 2021 and 2022.
The reporting model was selected on the basis of Bittium´s sustainability principles, taking into account the GRI framework and the focus areas of Bittium´s business: wireless, secure communications in B2B operations. Bittium has customers both in Finland and in other countries. The operations and most of the personnel are nevertheless located in Finland.
The sustainability report will be published online in electronic format in connection with the Group´s annual report at www.bittium.com and https://annualreport.bittium.com.
Scope of the Report
The period covered by the sustainability report is the same as the financial period, 1 January–31 December 2022. Environmental data is not reported from offices where the company only uses a part of the office premises.
The report does not cover all suppliers or service providers. In other respects, the report covers all the operations of Bittium Corporation and its subsidiaries.
Reporting Principles and Instructions
Financial reports are governed by the International Financial Reporting Standards (IFRS), and governance reports comply with the legislation on listed companies and the Finnish Corporate Governance Code that applies to listed companies. The reported financial data is based on audited financial statements.
Principles and Practices for External Verification
The 2022 sustainability report follows the core level of the GRI Standards guidelines. The sustainability report has not been verified by an independent third party. The figures presented in the “Financial effectiveness´ section are based on the Group´s audited financial statements.
Sustainability Contact at Bittium:
Karoliina Malmi,
Vice President, Communications and Marketing
karoliina.malmi@bittium.com