Sustainability Program
Modulight has defined its material social, economic, and environmental responsibility themes based on the needs and expectations of its stakeholders.
In the sustainability program, each theme has topics, related KPIs and goals, and the results for each KPI are presented annually.
Social Responsibility
 KPI |
Goal | Result 2023 (2022) |
| Employee satisfaction | ESS result > 4 (scale 1–5) | 4.0 (4.1) |
| Employee turnover | Annual attrition < 8%, balance between work and leisure time | 3.3% (5.4%) |
| Absences due to sickness | Sick leaves < 3% of total working hours in a year | 0.7% (0.9%) |
| Education and training hours | Adequate training provision | 222 hours statutory training |
| Number of projects in product development pipeline | Growing number of projects, sufficient number of patents | 28 (27) |
| Employer reputation, employee diversity | eNPS or similar system Equal opportunities and compensation |
Even gender balance >10 different nationalities |
| Suppliers’ commitment to ethical guidelines | Suppliers identified as critical have signed the ethical guidelines | 52% (0%) |
| Cooperation with universities and local communities, cooperation in product development | Active and mutually beneficial cooperation with reliable partners | Active cooperation, IPA-2023 conference in Tampere |
| Product liability and safety | Zero medical devices related incidents | 0 (0) |
Environmental Responsibility
 KPI |
Goal | Result 2023 (2022) |
| Energy, materials and water used, waste generated and carbon footprint |
100% renewable energy, reduction in electricity and heating consumption (% of revenue) Carbon neutrality by 2025 |
Investment in a geothermal system 100% renewable energy (100%) |
| Quality deviations | Reduced number of non-conformities or complaints |
|
| Number of accidents or close calls | No enviromental accidents | 0 (0) |
| Energy used for heating of premises | Reduce energy used for heating by 30% by 2025 | 807 MWh (694) |
Economic Responsibility
 KPI |
Goal | Result 2023 (2022) |
| Sales, market value and EBITDA-% | Growing market value High-quality products |
Revenue EUR 4M (4.6M), EBITDA -212% (-129%) Market value EUR 50M (81M) |
| Value distribution, taxes paid | Responsible payment of taxes Fair value distribution to external stakeholders |
|
| Customer and user satisfaction | High satisfaction | |
| Coverage of ethical guideline | Suppliers are trained on and comply with ethical guidelines | |
| Number of flaws or inappropriate behavior | Zero tolerance for corruption |