Materiality Analysis

Bittium conducted a materiality analysis on sustainability in 2019. The aim of the analysis was to establish an understanding of the stakeholders´ views regarding the previously selected focus areas in sustainability. To support the materiality analysis, we carried out a stakeholder survey in the form of an online questionnaire for customers, partners, investors, employees, the management, and other stakeholders. A total of 125 people completed the survey.

The survey assessed the significance of Bittium selected sustainability focus areas for the company´s business and evaluated the content of each focus area to assess the company´s performance in taking each focus area into consideration. In addition, it was assessed whether there were any other areas of sustainability that were previously not included in Bittium´s selected focus areas, and that the company should take into consideration in its operations.

To increase the understanding of the stakeholders´ perceptions of Bittium´s sustainability, the respondents were asked to compare Bittium with other companies from the perspective of sustainability. Bittium´s average score was 8.3 on a scale of 1–10.

The participants were also asked to indicate their willingness to recommend Bittium as a sustainable company (Net Promoter Score (NPS)). The stakeholders gave Bittium´s sustainability an NPS of 37, which can be considered to be a good score. NPS scores range from -100 to +100, and all scores above 0 are considered good.

After establishing the priorities of the identified material aspects, the final outcome of the analysis was a materiality matrix confirmed by the Management Group and the Board of Directors. The matrix summarizes the views of the company´s internal and external stakeholders regarding Bittium´s material aspects of sustainability as well as the company´s impacts and areas of development. After the priorities had been determined, the materiality matrix was approved in discussions held between Bittium´s Board of Directors and the Board´s Audit Committee.

The materiality analysis was also utilized in the update of the 2022–2025 sustainability program. A new materiality analysis is planned to be carried out in 2024 to support the new upcoming sustainability program.