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.
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 2023, placing our sustainability management system among the top 15% in the industry.
Additionally, EcoVadis awarded a Gold Medal to Basware’s teams in Belgium and France with overall scores of over 70/100, putting Basware in the top 5% of companies in the respective countries.
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 2023, we rank in the top 38% in the IT and software development sector with 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 AP solutions.
In 2023, we have reviewed our emission calculations to gain a deeper understanding of our own carbon footprint. This effort enables us to refine our climate transition plan and further enhance our commitment to environmental sustainability.
Norwegian Transparency Act
Norway is a forerunner in taking supply chain transparency requirements to the next level, and Basware is among the first companies to have published a Transparency report according to these new standards in 2023.
The report carries out due diligence according to the OECD Guidelines for Multinational Enterprises and OECD Due Diligence Guidance for Responsible Business Conduct.
For enquiries, contact Johanna Sjöström: johanna.sjostrom@basware.com