Sustainability 

Sustainability

Sustainability is an important cornerstone of Precise business, and we are working actively to promote social and environmental awareness. We do this primarily by being a responsible employer, reducing our environmental impact and conducting our business responsibly. This also includes responsible sourcing and managing the environmental and social impacts associated with hardware products and our supply chain. The company works actively in these areas to contribute to a more sustainable society.

The company focuses primarily on the areas where the business is considered to have the greatest impact:

• The working environment, health and safety
• Equal treatment in all relationships 
• Business ethics
• Own environmental impact
• IT security and anti-corruption
• Responsible sourcing and supply-chain management

Precise's operations encompass both software-based solutions and hardware products. While the digital parts of our business have a limited direct environmental impact, our hardware products involve environmental and social considerations related to materials and components, semiconductor production, transportation and packaging.

The technical solutions we develop create increased digitalization and thereby contribute to both a reduced environmental impact and increased security in society. Reduced environmental impact is primarily achieved through simplified logistics and administration, as well as reduced use of plastic cards/tags, for example. Increased security is achieved as YOU are the key, instead of using codes, cards or tags.

Sustainability policy

Precise has implemented a sustainability policy including several points in accordance with the environmental goals as set out in Agenda 2030. It serves as a guiding star for the company’s actions, both operationally and strategically. Precise evaluates and develops the company’s efforts in this area on an ongoing basis in order to further integrate sustainability into the company’s development.

As part of this work, Precise also addresses sustainability in its supply chain through requirements relating to areas such as business ethics, human rights, environmental protection and responsible sourcing.

The working environment, health and safety

Precise is a knowledge-based company that depends on the desire and ambition of our employees to continuously push the limits of technology. The company works actively to be an attractive employer and to create a working environment that gives employees the right conditions to develop.

Based on Precise’s core values and on a basic premise that all employees play an important role in the business, Precise strives to create a working environment in which people want to work, to challenge themselves and to be involved in developing the company.

Creating openness, an understanding of the company’s goals, responsibility to the individual, training and salary benefits, and the creation of a stimulating, secure working environment, are all focus areas for the company.

The core values are:

• Passionately committed
• Smarter together
• Everyday pioneers

Our environmental impact

Precise strives to select efficient, sustainable alternatives in order to reduce the company’s impact on the environment. Our environmental impact arises both from our own operations and from the development and supply of hardware products. Relevant environmental aspects include the selection of materials and components, semiconductor production through manufacturing partners, transportation and packaging.

Precise strives to choose an environmentally-friendly IT infrastructure and deliver software solutions as downloadable files, which involves minimal environmental impact in connection with delivery and distribution. For our hardware products, we work with suppliers and manufacturing partners to address environmental and social impacts throughout the supply chain.

Precise is growing to become an increasingly international company with operations in a number of countries in Europe, North America and Asia. As air travel accounted for a large proportion of the company’s climate impact before Covid-19, the use of videoconferencing was always encouraged in order to minimize the number of trips. For example, the office in Shanghai made it possible to offer local support and service to customers, reducing the number of flights from Europe to Asia significantly. During the year, the company continued to hold a majority of booked meetings virtually, which reduced physical travel. When traveling physically, the company always strives to reduce its climate impact as much as possible.

The company operates in premises with environmental certification in accordance with Miljöbyggnad Guld, LEED Platinum and Green Building. LEED is an international certification system that assesses environmental impact from five aspects: the location of the premises, water-saving, energy consumption, internal environment, and material and resource consumption. Precise evaluates procedures and work methods on an ongoing basis in order to identify more effective methods that reduce the company’s environmental impact.

Responsible sourcing

Responsible sourcing is an important part of Precise's sustainability work. For hardware products, we require suppliers to conduct their business responsibly, including with respect to human rights, environmental protection and resource efficiency. Particular attention is given to responsible sourcing of minerals used in electronic products.