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In 2022, we started a review and re-evaluation of the material topics in our responsibility program and initiated a development project for updating the program. In 2023, we will continue the development work with attention to our key stakeholders.
Kamux has defined the responsibility topics that are material to its operations and grouped them under three central responsibility themes. For defining the material themes and topics, we have used customer feedback and questions, interviewed analysts and investors, and examined the information gathered from employee surveys.
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You can see the three responsibility themes on the left.
Kamux’s corporate responsibility goals and performance metrics
The purpose of the goals and performance metrics related to the responsibility themes and topics defined by Kamux is to give an overall picture of the responsibility of our operations. We systematically review the relevance of the goals and performance metrics and develop monitoring and data collection as part of business management.
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We are committed to contributing to the United Nations’ global Sustainable Development Goals (SDGs) in our operations. Especially goals 4, 8 and 12 are central to Kamux.
Management of corporate responsibility and risks
Kamux’s Management Team is responsible for setting and monitoring the themes, goals, and performance metrics of the corporate responsibility program. The Board of Directors of Kamux approves the corporate responsibility program and the results of the work and discusses matters related to responsibility in their meetings. The Chief People Officer along with the corporate responsibility working group coordinate daily responsibility work with experts in various fields.
Risks related to corporate responsibility are identified and managed as a part of Kamux’s comprehensive risk management work. In addition, responsibility topics, including the related risks, are discussed in every Management Team meeting, and they are included on the agenda of the Audit Committee and form a part of the Board of Directors’ reporting package.
Kamux’s net impact
The Upright Project has developed a net impact model, which measures the overall impact and value creation of companies, i.e. what a company achieves with its products and services. We will utilize the results in our strategic planning and the development of our responsibility program.
A considerable aspect in Kamux’s impact is supporting people’s mobility, the transportation of goods, and societal infrastructure. The modeling emphasized value creation for society. We make it possible for many people to purchase a newer car. In addition, the company supports the overall functioning of society by offering employment and paying taxes.
The Upright Project also modeled future scenarios in terms of Kamux’s impact profile. Kamux’s operating environment is affected by global megatrends such as climate change and digitalization as well as phenomena such as the corona pandemic in the shorter term.