Basware Sustainability Report
At Basware, our vision is to conduct sustainable business with sustainable solutions. We are bold in our ambitions, and we take ownership in the pursuit of lasting positive change.
Read the report to explore how Basware is bringing ESG principles to life.
ESG at Basware
ESG is embedded into our company strategy, showing Basware’s dedication to creating a more sustainable and equitable future for our employees, customers, partners, and suppliers.
Our ESG strategy:
United Nations Sustainable Development Goals
We have selected five United Nations Sustainable Development Goals where we believe our efforts can create the most meaningful impact, and have embedded these in our business strategy, overall ESG program initiatives, policies, and daily operations. We encourage our employees to support these business-led goals through our social outreach efforts, DEI&B initiatives, and other employee-led communities.
Our ESG Metrics & Reporting Structure
We track our progress using the metrics which correspond to our four focus areas: Environmental, Social, Governance and Procurement.
We continuously measure, analyze and report the ESG metrics to the Board and Business Executive Team (BET) through our quarterly strategy reviews and an annual in-depth ESG analysis.
ESG Insights
For CFOs, ESG is a new part of the currency for corporate success. In today’s rapidly evolving business landscape, the integration of Environmental, Social, and Governance (ESG) criteria into financial practices is not just a regulatory necessity but a crucial differentiator for sustainable and ethical operations. Read the latest insights from Basware's CHRO, Jane Broberg.
Examples of Sustainability Leadership
Collaboration with EcoVadis
We work with EcoVadis, an independent sustainability performance ratings provider. EcoVadis awarded Basware with a Silver Medal in 2024, placing our sustainability management system among the top 15% of assessed companies. REMOVE THE CTA
CDP Reporting
We report our carbon footprint annually using Carbon Disclosure Project’s (CDP) world-class environmental disclosure system, demonstrating our dedication to environmental transparency and accountability.
Based on the survey Basware conducted in 2024, we have received a B-level (= Management level) score.
United Nations Global Compact Annual Report
As a signatory member of the United Nations Global Compact, we commit to providing annual reports on our progress and status in alignment with the ten Principles and the Sustainable Development Goals.
We are also committed to upholding the UN Guiding Principles on Business and Human Rights, the ILO Declaration on Fundamental Principles and Rights at Work, and the Universal Declaration of Human Rights.
Paris Agreement
Basware recognizes the importance of the Paris agreement to limit global warming. We are committed to reducing our own carbon footprint while also assisting our customers in reducing theirs through our Invoice Lifecycle Management platform.
In 2024, we’ve developed our climate transition plan, which outlines concrete steps for climate change mitigation and adaptation, laying the foundation for our emissions reduction targets.
Norwegian Transparency Act
In 2024 we published our second Norwegian Transparency report, carrying out due diligence according to the OECD Guidelines for Multinational Enterprises and OECD Due Diligence Guidance for Responsible Business Conduct.