Sustainability

Ovzon is revolutionizing mobile broadband via satellite, delivering the highest data rate through the smallest satellite-based communication terminals. By offering high-quality communication to remote locations on the planet, Ovzon can make highspeed broadband available without requiring major investments in terrestrial equipment. Ovzon’s business model and offering thus have a positive impact for people around the world and can promote increased security and prosperity globally.

Ovzon is dedicated to conducting responsible operations for its employees and stakeholders as well as for the sake of the planet. Sustainability initiatives are therefore a vital compo- nent of operations, forming the basis of how the company acts, develops and performs. The ambition is for operations to have a positive impact on the community where the company operates, and thereby promote sustainable development. Ovzon’s main contributions in this area are facilitating communication for a more secure world, and the company’s solutions promoting a decreased need for travel and thereby reducing emissions. Ovzon’s travel policy states that employees must always select the most environmentally friendly travel alternative, and virtual meetings are encour- aged if they can be accomplished without undermining quality.

Governance

Ovzon’s Board of Directors bears ultimate responsibility for the company’s sustainability initiatives. Sustainability issues are a part of the Board’s annual agenda, and any necessary updates and improvements are discussed. The Management Group bears ultimate responsibility for updating policy documents and ensuring that the information reaches the rest of the organization. Operating activities are conducted and secured by the respective area managers. All employees must accept the company’s policies and act accordingly. The company has a Code of Conduct that encompasses all of Ovzon and its employees. It covers how Ovzon is to conduct business, the company’s work environment and corporate culture, and how Ovzon is to carry out environmentally sustainable operations.

Ovzon strives to develop itself in its sustainability initiatives, and routinely reviews how its operations can promote positive development going forward.

Policies in place in 2021:

• Environmental policy
• Travel policy
• Anti-corruption policy
• Code of Conduct for employees

In its sustainability initiatives, Ovzon has chosen to work on four focus areas, with priority issues in each area. The focus areas are selected based on internal and external feedback as well as identification by the Management Group and
the Board of Directors of the company’s material areas for improvement.

• Reduce environmental impact
• Responsible business
• Contribute to society
• An attractive employer