u-blox advances sustainability goals with 2023 report
Image by jcomp on Freepik
u-blox has taken an important step forward on its sustainability programme and published its 2023 Sustainability Report in accordance with the Global Reporting Initiative (GRI) Standards.
Sustainability is an integral part of u-blox strategy. Reporting in accordance with GRI Standards is an important step for u-blox as it helps to efficiently inform about u-blox’s sustainability activities and approach to environmental, social and governance (ESG) activities.
Based on a materiality assessment, u-blox has identified a roadmap to reach its targets based on five focus areas:
• Business ethics, privacy and data security
• People and communities
• Environmental responsibility
• Responsible supply chain
• u-blox innovations
u-blox has set specific environmental, social and governance short, medium and long-term targets based on measurable performance indicators for each pillar.
u-blox estimates that its technologies positively impact 13 out of 17 UN SDGs. The company added a new pillar and target to its sustainability strategy in 2023 to shape the social and environmental impact of its innovations. Consequently, u-blox has set a target to assess their product portfolio of modules and chips for their contribution to the SDGs by the end of 2025.
Stephan Zizala, the chief executive officer of u-blox, said, “Sustainability is an integral part of our strategy, and applications contributing to sustainability are major growth drivers for u-blox. We are fortunate to be able to create solutions that make the world a better place. The u-blox Sustainability Report for 2023 shows our contribution and our measurable targets for a more sustainable future.”
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