Sustainability Organization and Risk Management

Bittium has a specific sustainability working group, that develops, monitors and evaluates issues related to sustainability. The working group is responsible for managing and sounding sustainability risks, as well as reporting on the company´s sustainability. The working group has six (6) members: CEO; Chief Legal Officer; Vice President, Communications and Marketing; Director, Human Resources; CFO; and Head of Quality, the Environment and Technology Management. The sustainability working group holds quarterly meetings and prepares the sustainability report. The Bittium management and the Board of Directors review the sustainability report annually.

The Management Group of Bittium discusses sustainability issues, monitors the effectiveness of sustainability measures and sets sustainability targets in its twice-yearly management review. The Management Group is also responsible for implementing sustainability plans and actions in day-to-day operations.

The Audit Committee of Bittium Corporation´s Board of Directors discusses and prepares sustainability matters regularly and when necessary.

The Board of Directors of Bittium Corporation discusses sustainability issues on the basis of the Management Group´s proposals and approves annually the company´s sustainability report.

The sustainability report describes the applicable methods that guarantee a sufficient level of diligence. The management of risks related to operations and the operating environment as well as the relevant processes are described in Bittium´s Corporate Governance Statement.