Reporting Basics and Principles
Scope of Reporting
This sustainability report, as a part of the annual report, is the third extensive report on the management and implementation of sustainability at Bittium. In 2020, Bittium has implemented actions on topics related to sustainability according to the sustainability program and developed its sustainability metrics, providing more information on the impacts. The sustainability program is based on the materiality analysis conducted in 2019, which aimed at gaining an understanding of stakeholders´ views on previously selected sustainability focus areas. With the materiality analysis, the company updated its responsibility focus areas and created a responsibility program for the years 20202022.
In order to enable comparability, 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 all four sustainability focus areas and a description of Bittium´s 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 2019 and 2020.
Bittium selected its reporting model on the basis of Bittium´s sustainability principles, taking into account the GRI framework and the focus areas of the Company´s business: wireless, secure communications in B2B operations. Bittium has customers both in Finland and in other countries. However, the majority of operations and most of the personnel are located in Finland.
Scope of the Report
The period covered by the sustainability report is the same as the financial period, January 1December 31, 2020. 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 2020 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:
Vice President, Communications and Marketing