CSR

ESG & Sustainability

Being a purpose-driven company delivering trustworthy Master Data solutions requires commitment to leading ethical, social, economic and environmental standards.

At Stibo Systems, social responsibility and environmental consciousness are integral to our purpose. While our social responsibility contributes to the economic and sustainable development of the communities around us, we also commit to empowering companies worldwide to achieve their sustainability objectives and optimize business, environmental and social performance through our sustainability data management. This is what we mean by being a business with a conscience.

Our CEO, Adrian Carr shares what it means for us to be a business with a conscience.

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Defining ESG and sustainability in our industry

The four focus areas in which we take responsibility and make a difference are inspired by the 17 UN Sustainable Development Goals
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Environmental Responsibility

Environmental Responsibility

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Employer Responsibility

Employer Responsibility

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Social Responsibility

Social Responsibility

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Customer-centric Responsibility

Customer-centric Responsibility

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Our four pillars

A guide for all our sustainability efforts

We will reduce our climate impact

We are committed to working systematically to reduce our carbon emissions and environmental impact from our entire operation, leading by example in our industry.

Our Emission Reduction Plan focuses on areas that can contribute to the greatest impact first. These include, but are not limited to, use of solar panels at our Headquarters in Denmark, sustainable procurement, green travel policy and moving our customers from on-premise to Software-as-a-service solutions.

We were awarded a Silver medal in recognition of our sustainability achievements in the Ecovadis assessment. This is based on our policies, actions and published reports concerning the themes of Environment, Labour and Human Rights, Ethics and Sustainable Procurement.

Ecovadis has certified more than 130,000 companies in over 180 countries, spanning across 200 industries and we are proud to be among the top 15% of these companies. We are in the 91st percentile, meaning that our performance is equal to or better than 91% of companies scored by Ecovadis. We are aiming to be among the top 5% of companies in the next fiscal year, which will lead us to a Gold medal.

We have tied up with the Science Based Targets Initiatives to create a Carbon Emission Accounting & Reduction Plan. These scientific targets provide a clearly defined pathway for reducing our greenhouse emissions in alignment with the Paris agreement to limit global warming to 1.5 degrees Celsius above pre-industrial levels.

With the targets we have set up and the strategy we have set around it, we are working towards becoming Net Zero by 2050.

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Sustainability Report

View our latest sustainability report that highlights our commitment, initiatives and progress made to driving positive change.

Get the full report
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Our Governance

To ensure our commitment to our Sustainability strategy, we have established a clear governance framework, that includes a CXO-level Steering Group sponsored by our CEO and CFO and led by our Chief Sustainability Officer. We report to and work with the Board of Directors and the Audit Committee to ensure transparency and accountaibility in our efforts. We have a dedicated ESG & Sustainability team.

From reducing energy consumption at our Aarhus headquarters to innovative water-saving practices, we are continually striving to minimize our environmental impact. Our initiatives also extend to proper waste management, transitioning to renewable energy sources, and setting ambitious targets for becoming Net Zero by 2050.

Additionally, as participants in the UN Global Compact, we uphold the highest standards for human rights and employee well-being, fostering an inclusive, fair, and safe workplace globally. These efforts are rooted in our belief that sustainability is not just a responsibility but an opportunity to create a lasting positive impact.
 

Think global, act local

At Stibo Systems, we recognize that social responsibility starts at home. In addition to supporting our communities at a corporate level, we work to add value to those communities in a personal way. We encourage all our employees to spend two workdays a year volunteering locally through our Global Volunteer Program. Have a look at some of our CSR initiatives below.

LET’S START CREATING A MORE TRANSPARENT WORLD Empower data transparency through MDM At Stibo Systems, our mission is to create the world’s most versatile master data management solutions, built to enable businesses to optimize their business, environmental and social performance. Connect with us today to start your journey to creating better business and a better world.
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