Scope of Reporting
This sustainability report is the first extensive report on the management and implementation of sustainability at Bittium. Sustainability is an investment in Bittiumīs future, and Bittium will prepare a sustainability report annually from now on, developing sustainability metrics, providing more information on impacts and expanding the scope of reporting. In order to enable comparability, Bittiumīs sustainability report is based on the GRI 4 framework. The table at the end of the report contains references to the relevant elements of the GRI 4 framework.
The report covers the three sustainability focus areas, a description of Bittiumīs environmental responsibility and financial effectiveness.
The financial data is collected from Bittiumīs financial information systems, and the majority of personnel data is from HR management systems. The reported financial figures are based on Bittiumīs audited financial statements from 2016 and 2017.
Bittium selected its reporting model on the basis of Bittiumīs sustainability principles, taking into account the GRI 4 framework and the focus areas of the Companyīs business: wireless, secure communications in B2B operations. Bittium has customers both in Finland and in other countries. The majority of operations and most of the personnel are located in Finland.
This report will be published in electronic form in connection with the groupīs annual report at www.bittium.com.
Scope of the Report
The period covered by the sustainability report is the same as the financial period, 1 January31 December 2017. 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 2017 sustainability report follows the core level of the Global Reporting Initiative (GRI) 4 guidelines. The sustainability report has not been verified by an independent third party. The figures presented in the “Financial effectivenessī section are based on the groupīs audited financial statements.