Reporting Basics and Principles

Scope of Reporting

The 2019 sustainability report, as part of the annual report, is the second extensive report on the management and implementation of sustainability at Bittium. We have developed our sustainability metrics, providing more information on impacts and expanding the scope of reporting. In 2019 we conducted a Materiality Analysis of Responsibility aimed at gaining an understanding of stakeholders´ views on previously selected sustainability focus areas. With the materiality analysis, we updated our responsibility focus areas and created a responsibility program for Bittium for the years 2020–2022.

In order to enable comparability, Bittium´s sustainability report is based on the Global Reporting Initiative (GRI) Standards framework. The table at the end of the report contains references to the relevant elements of the GRI Standards framework. The report covers all four sustainability focus areas, a description of Bittium´s financial effectiveness. The financial data is collected from Bittium´s financial information systems, and the majority of personnel data is from HR management systems. The reported financial figures are based on Bittium´s audited financial statements from 2018 and 2019.

Bittium selected its reporting model on the basis of Bittium´s sustainability principles, taking into account the GRI framework and the focus areas of the Company´s business: wireless, secure communications in B2B operations. Bittium has customers both in Finland and in other countries. However, 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 Group´s annual report at and

Scope of the Report

The period covered by the sustainability report is the same as the financial period, January 1–December 31, 2019. 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 2019 sustainability report follows the core level of the GRI Standards guidelines. The sustainability report has not been verified by an independent third party. The figures presented in the “Financial effectiveness´ section are based on the Group´s audited financial statements.

Sustainability Contact at Bittium:

Karoliina Malmi,
Vice President, Communications and Marketing

GRI 102 General Disclosures

G4 Title Location Additional info/comments
102-1 Name of the organization Bittium in Brief page 8
102-2 Activities, brands, products, and services Bittium in Brief;
Bittium Products and Services
page 8
page 12-21
102-3 Location of headquarters Bittium in Brief page 8
102-4 Location of operations Bittium in Brief page 8
102-5 Ownership and legal form Corporate Governance page 26
102-6 Markets served Bittium in Brief page 8
102-7 Scale of the organization Financial statement page 4-5
102-8 Information on employees and other workers Innovative and Developing People page 54-59
102-9 Supply chain Stakeholder Cooperation; Suppliers and Partners page 45
102-10 Significant changes to the organization and its supply chain Significant Events during the Reporting Period No major changes
page 78-79
102-11 Precautionary Principle or approach Corporate Citizenship and Sustainable Business Practices
Corporate Governance Statement
page 64-67
page 25
102-12 External initiatives   None
102-13 Membership of associations   Technology Industry Association
102-14 Statement from CEO Statement from CEO page 6
102-15 Key impacts, risks, and opportunities

Business and Operating Environment
Main features of Internal Control and Risk Management
Processes related to Financial Reporting Processes
Report by the Board of Directors

page 8
page 37

page 85

Ethics and Integrity
102-16 Values, principles, standards, and norms of behavior Corporate Citizenship and Sustainable Business Practices
Value Creation Model
page 64
page 46
102-17 Mechanisms for advice and concerns about ethics Corporate Citizenship and Sustainable Business Practices page 64
102-18 Governance structure Corporate Governance page 26
102-19 Delegating authority Sustainability Management page 44
102-20 Executive-level responsibility on economic, environmental and social topics Sustainability Management
Stakeholder Organization and Risk Management
page 44
102-21 Consulting stakeholders on economic, environmental, and social topics Stakeholder Cooperation
Material Analysis
Corporate Governance Statement
page 44
page 50
page 26
102-22 Composition of the Board Corporate Governance page 26
102-23 Chairman of the Board Corporate Governance page 26
102-24 Election of the Board Corporate Governance page 26
102-31 Review of economic, environmental and social topics Sustainability Management page 44
Reviewed yearly
102-32 Highest governance body´s role in sustainability reporting Sustainability Management page 44


Remuneration policies

Corporate Governance Statement: Remuneration

page 26

Stakeholder Engagement
102-40 List of stakeholder groups Stakeholder Cooperation page 44
102-42 Identifying and selecting stakeholders Stakeholder Cooperation page 44
102-43 Approach to stakeholder engagement Stakeholder Cooperation page 44
102-44 Key topics and concerns raised Stakeholder Cooperation page 44
Reporting Principles
102-45 Entities included in the consolidated financial statements Notes to the Consolidated Financial
Statements note 32: Related Party Disclosures
page 129
102-46 Defining report content and topic Boundaries Sustainability at Bittium
page 43
page 72
102-47 List of material topics Sustainability at Bittium
Focus Areas in Sustainability
page 43
page 51
102-48 Restatements of information GRI Standard Content Index Enhancement of information
102-49 Changes in reporting Changes in reporting No major changes
102-50 Reporting period Reporting period page 72
102-51 Date of most recent report GRI Standard Content Index March 11, 2020
102-52 Reporting cycle Reporting Report is published annually,
page 72
102-53 Contact point for questions regarding the report Karoliina Fyrstén
Director, communications and marketing
page 73
102-54 Claims of reporting in accordance with the GRI Standards Reporting Basics and Principles page 72
102-55 GRI content index GRI Standards content index page 73
102-56 External assurance Reporting Basics and Principles page 72

GRI 103 Management Approachs

103-1 Entities included in the consolidated financial statements Entities included in the
Consolidated Financial Statements
Calculation boundary: Bittium Corporation
103-2 The management approach and its components Sustainability Management;
Focus Areas of Sustainability
page 44
page 51
103-3 Evaluation of the management approach Sustainability Management Management Review
page 44


Financial impacts
201 Economic performance
201-1 Direct economic value generated and distributed Financial influence page 48-49
202-4 Financial assistance received from government Notes to the Consolidated Financial Statements
note 4: Other Operating Income
page 103
205 Anticorruption
205-3 Confirmed incidents of corruption and actions taken Corporate Citizenship and
Sustainable Business Practices
No violations
page 64
Environmental Impacts
301 Materials
301-1 Materials used by weight or volume Environmental Responsibility Use of paper, carton and metals
page 65

302 Energy
302-1 Energy consumption within the organization Environmental Responsibility page 70
302-4 Reduction of energy consumption Environmental Responsibility page 70
303 Water
303-1 Water withdrawal by source Environmental Responsibility Total consumption and water usage / person
page 70
305 Emissions
305-1 Direct (Scope 1) GHG emissions Environmental Responsibility Reported carbon footprint
page 70
306 Effluents and Waste
306-2 Waste by type and disposal method Environmental Responsibility page 70
307 Non-compliance with environmental laws and regulations
307-1 Environmental compliance Environmental Responsibility Database of applicable environmental laws and regulations
page 70
Social impacts
403 Occupational Health and Safety
403-2 Types of injury and rates of injury, occupational diseases, lost days and absenteeism, and number of work- related fatalities  Innovative and Developing People Reported: Number of occupational incidents
page 57
404 Training and education
404-1 Average hours of training per year per employee Innovative and Developing People Average hours of training per year per employee
page 57
404-2 Programs for upgrading employee skills and transition assistance programs Innovative and Developing People page 56
405 Diversity and Equal Opportunity
405-1 Diversity of governance bodies and employees Diversity Principles of the Board of Directors
Innovative and Developing People
page 28
page 58
419 Socioeconomic Compliance
419-1 Non-compliance with laws and regulations in the social and economic area GRI Standards Content Index No violations
• Anticorruption, p. 64
• Conflicting minerals, p. 63
• Counterfeit materials, p. 63