Sustainability at Bittium in 2020
For Bittium, economic impact means ensuring the long-term profitability of the company´s business. This creates added value for various stakeholders and the surrounding society. Profitable operations create economic benefits for shareholders, employees, partners, subcontractors, distributors, customers, municipalities and the state.
Legal compliance is the basic premise of economic responsibility. However, in many respects, Bittium´s sustainability and impact exceed the legal requirements.
Creating Added Value for Stakeholders
With respect to Bittium´s economic impact, the local dimension is what matters most. Local added value is generated especially through Bittium´s direct and indirect employment impact. On a larger scale, Bittium´s impact extends via tax payments, dividends and business impacts into the operating countries around ther world.
Bittium is present in Europe, the Americas and Asia. The majority of employees work in Finland, more than half of them in the city of Oulu.
Ensuring added value means securing long-term growth and financial stability, comprehensive risk management and a long-term commitment to the development of society and local communities. In addition to financial risks, risk management must take into consideration other risks related to the valuation of the company, such as reputational risks.
Bittium´s business must respond to the changes in the operating environment to maintain profitability and future competitiveness. The technological transformation and the resulting technology solutions create both opportunities and threats for the company — changes that must be taken into account already during the product development stage.