Environmental Responsibility, Social Engagement, and Corporate Governance (ESG)
Enea has an active program covering environmental responsibility, social engagement, and corporate governance (ESG). These matters are important to customers, staff, and investors, and have an impact on the company’s valuation, revenue potential, access to financing, and ability to recruit.
Software development is a business with limited impact on the environment. Additionally, many of Enea’s customers develop solutions that help reduce environmental impact. In the telecom sector, Enea’s software facilitates and improve remote communication, reducing the need to travel for physical meetings, which has become particularly important with the Corona pandemic.
Enea also helps its customers create products that require less energy and use resources more efficiently. Creating innovative solutions that support sustainable development is a key component of the company’s product plans. Enea produces software, which is mainly delivered electronically. This results in minimal environmental impact from distribution and is combined with electronic invoicing and payment.
Enea complies with relevant environmental legislation and environmental standards in all markets in which the group operates. In addition, the company avoids wasting resources, by recycling materials and waste generated in office environments.
As a business, Enea is permeated by the shared core values of customer focus, innovation, agility, teamwork and accountability. They serve as an inner compass for how employees should conduct themselves internally and towards customers. They also provide guidance when taking ethical standpoints, and contribute to reaching wise, long-term decisions. All employees should be recognized and feel that they are contributing to Enea’s success. Enea also supports a range of charitable projects, and encourages all employees to conduct themselves in a socially and ethically responsible manner.
Gender equality and diversity are two other aspects that Enea is prioritizing. They help improve decision-making, occupational health and safety and foster an inclusive corporate culture. Management is convinced that diversity also creates business opportunities through larger contact networks and a better understanding of individual needs. Enea aspires to achieve a higher share of female employees (currently 23 percent) in all parts of its business operations and in management positions. Gender equality is evaluated regularly based on criteria in four segments: salary and benefits, recruitment, health and safety, and skills development.
Discrimination and prejudicial treatment are two risks in the human resources area. Enea manages these risks through the company’s Code of Conduct and Equal Opportunities Policy.
The Code of Conduct includes guidelines on individual rights and obligations, while the Equal Opportunities Policy states that no one may be subject to prejudicial treatment based on gender, religion, age, disability, sexual orientation, nationality, political opinion, or social and ethnic origin. Accordingly, during the recruitment process Enea values employees with diverse backgrounds and experiences. Diversity represents a strength and a competitive advantage when understanding and communicating with customers and stakeholders from different cultures.
As part of corporate governance, Enea’s ethical guidelines and Code of Conduct aims to ensure that employees comply with laws and regulations in daily work, and that they respect anticorruption legislation. For example, Enea does not conduct business which is inappropriate based on ethical considerations.
A risk of corruption can exist in business relationships with customers and in procurement of equipment and services. The purpose of the Code of Conduct is to emphasize the fundamental principles that govern the way Enea conducts operations and manages relationships with its employees, business partners and other stakeholders.
To ensure that Enea’s employees comply with the company’s Code of Conduct, there are detailed processes and guidelines regulating the approval and granting of individual transactions. All major deals are reviewed by an internal committee that includes the entire Executive Management Team, and sensitive transactions involving technology subject to export controls are reviewed correspondingly, regardless of the size of deal. Enea has refrained from doing business with countries and companies that are unsuitable for various reasons.
An ESG Committee reports to the Executive Management Team. It is chaired by the Head of Marketing and Communication and is composed of representatives from external communication, environment and quality control, and human resources.
To further improve ESG work and measure progress, Enea is regularly rated by independent agencies. In recent years, CDP (www.cdp.net/en) has evaluated Enea in terms of sustainability, and EcoVadis (www.ecovadis.com), within responsible business. This has resulted in a number of concrete actions, such as formulating targets for renewable energy consumption and for reduction of CO2 emissions.