Sivers Sustainability Strategy

To fully comply with the new EU rules on corporate sustainability reporting, The Corporate Sustainability Reporting Directive (CSRD), and the mandatory European Sustainability Reporting Standards (ESRS), Sivers will ensure and strengthen the company’s sustainability work concerning the social and environmental information that the EU law requires.

Sivers’ enhanced continued sustainability work builds on strategic considerations such as wanted market position, which ambition, goals and what strategies should be governing the company’s suppliers, transport, purchasing, and brand, supported by a systematic sustainability work and reporting, where data needs to be collected, processed and analysed.

To ensure that accurate and relevant data is collected, the company will conduct a double materiality analysis. Such an analysis identifies sustainability issues where the company has an impact on people and society (from within and outside) and issues where the company is financially affected by external factors (from outside and within).

Based on the EU’s Corporate Sustainability Reporting Directive (CSRD) and the mandatory reporting standard ESRS, Sivers has identified groups of data points to consider for the above mentioned work, and based on these data points identify key performance indicators (KPIs) relevant for Sivers sustainability work:

» Increase transparency in sustainability reporting
Risk description information about governance and processes, data regarding environmental and climate impact, own employees and objectives, measurement and follow-up.

» Regulatory compliance
Make a double materiality analysis in accordance with upcoming legal requirements, develop a strategy for identified significant sustainability issues, set goals, and develop key figures for measurement and follow-up. Further upcoming requirements are to draw up a transition plan for the reduction of greenhouse gas emissions, as well as establish a due diligence process for human rights and climate issues. A good starting point for developing objectives and due diligence process is the environmental and quality management system (ISO 9001 & 14001). Whistleblowing – the information about the process and how independent handling is guaranteed needs will be described in more detail in policies and on the website. Information about whistle-blowing will supplement the Code of Conduct.

» The supply chain
Revise the Supplier Code of Conduct so that supplier follow-up and auditing are covered. Increased transparency regarding the challenges of conflict minerals and Rare-Earth Elements (REE) Identify the need for a purchasing policy Evaluate to become member in RBA (Responsible Business Alliance), the world’s largest industry collaboration for responsible electronics supply chains. Sivers path to become carbon dioxide neutral Sivers Semiconductors will identify the KPIs and goals to become carbon dioxide neutral through climate compensation (scope 1 and 2) in 2030 and without climate compensation in 2040 (very dependent on suppliers). However, Sivers effect would be biggest including Scope 3 based on how big effect the company’s solutions can have on downstream greenhouse gas emissions.I.e., see for example Optical I/O which is too early to calculate (90% energy reduction).

» Own employees & board
Equality and diversity work needs to be focused in the business, where Siver’s board sets a good example – identified as an industry issue. Training for the board, management and employees on sustainability.