Sustainability Organization and Risk Management

Bittium has a separate sustainability working group, which develops, monitors, and assesses sustainability-related issues. The working group is tasked with the management and scanning of sustainability risks as well as sustainability reporting in the company.

The working group has six (6) members: CEO; Chief Legal Officer; Vice President, Corporate Communications; Director, Human Resources; CFO; and Head of Quality, the Environment, and Technology Management. The sustainability working group holds quarterly meetings and prepares the sustainability report. The Bittium management and the Board of Directors review the sustainability report on an annual basis (so-called management review).

Bittium´s Management Group discusses sustainability issues, monitors the effectiveness of sustainability measures, and sets sustainability targets in its twice-yearly management review. The Management Group is also responsible for implementing sustainability plans and actions in day-to-day operations.

The Audit Committee of Bittium Corporation´s Board of Directors discusses sustainability issues on a regular basis and as needed. The Board of Directors of Bittium Corporation discusses sustainability issues on the basis of the Management Group´s proposals and approves the company´s annual sustainability report.

The sustainability report describes the applicable methods that guarantee a sufficient level of diligence. The management of risks related to the company´s operations and the operating environment as well as the relevant processes are described in Bittium´s Corporate Governance Statement.