Sustainability

Our commitment encompasses a multifaceted approach to fostering sustainability and ethical conduct throughout our value chain.

Sustainability report 2024

Iskraemeco has published its first Sustainability report, prepared in accordance with the European ESRS standards and, for the first time, integrated into our financial reporting, as required by the CSRD directive.

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Key highlights from the 2024 Iskraemeco Sustainability report

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reduction in GHG emissions compared to 2023 (Scope 1 and 2)

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reduction in water consumption compared to 2023

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solar powered

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total energy consumption

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female representation at top management

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number of days lost due to incidents

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audits conducted

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Zero incidents of human rights violation

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Zero incidents of discrimination and harassment

We’re committed to the integration of Environmental, Social and Governance (ESG) principles into our strategic priorities, daily operations and partnerships.

1

Environment

At Iskraemeco, we’re actively lowering our environmental impact by using renewable energy, reducing emissions, and designing smarter products. Our solar plant in Kranj now covers 28% of our energy needs. We’re rolling out energy reduction and monitoring projects, and our Scope 1 and 2 emissions are verified. We use ecodesign principles to develop durable, efficient products, and we measure their environmental and climate impacts through Life Cycle Assessments (LCA) and verified Environmental Product Declarations (EPDs). More than 90% of our waste is recycled, and hazardous waste is handled by certified partners.

2

Social

We support a workplace where people feel valued, safe, and included. Our efforts are backed by strong internal policies and codes of conduct. We hold a Family-Friendly Enterprise certificate and regularly organize activities under this initiative. We also support local sports events and run health and safety programs for our employees. Nearly half of our team is female, and we’re proud to promote diversity and equal opportunities. Through projects like Green Penguin, we help build digital and environmental literacy in schools and strengthen ties with the local community.

3

Governance

ESG decisions are made by our Sustainability Steering Committee, consisting of top management and heads of relevant departments. Iskraemeco follows a group-level authority matrix and applies the four-eyes principle to ensure transparency and accountability. Our governance framework includes strict anti-corruption and whistleblowing policies, and all employees take part in regular ethics and compliance training.

ESG strategy

Embedding ESG into the core strategy of our business is essential for advancing innovation and ensuring long-term value creation.

Climate conscious products
and solutions

Reduced and renewable
energy consumption

Circular
economy

Responsible and transparent
supply chain

Fair and inclusive
social conduct

Long-term reliable
partnership

01

EU Green Deal initiative and Corporate Sustainability Reporting Directive

Iskraemeco has joined the initiative calling on EU leaders to back the ambition set out in the European Green Deal and reduce greenhouse gas emissions by at least 55% by 2030. More than 150 business leaders and investors urged EU heads of state to set higher 2030 emissions reduction targets.

We’re committed to reporting under the new EU Corporate Sustainability Reporting Directive (CSRD) and will submit our first report in 2026. We welcome this regulation as it will significantly enhance the transparency and comparability of ESG data, allowing stakeholders to better understand our sustainability performance. This directive aligns with our values of accountability and openness, ensuring our actions and impacts are clearly communicated.

02

UN Global Compact initiative

Iskraemeco is part of the United Nations Global Compact initiative, a network of like-minded entities that act by ten universally accepted principles regarding human rights, labor, the environment, and measures against corruption.
We support sustainable development practices that advocate economic growth in harmony with the environment and aim to improve the whole world’s quality of life.
Our products and services foster the responsible use of natural resources and encourage end-users to make sustainable choices. We design our products and business processes to minimize environmental impacts of waste, conserve water use, and mitigate emissions.

03

Certificates and standards

We comply with the ISO certifications and standards listed below.

All Iskraemeco employees respect and act following our environmental, ethics and safety policies. We regularly train company workers, ensuring that fair and responsible conduct is always at the forefront.

Events and awards

2025

Obtained the EcoVadis Gold Medal, recognizing advanced performance in corporate social responsibility.
Published the 2024 ESG Report, aligned with the CSRD directive and ESRS standards.
Participated in conferences organized by Zeleno Omrežje, the Chamber of Commerce of Dolenjska and Bela Krajina, and the Chamber of Commerce and Industry of Slovenia, where Iskraemeco presented as an example of good ESG reporting practice.
Selected as one of the Top 3 finalists for “ESG Prvak”, awarded by Finance magazine.
Finalized the Life Cycle Assessment (LCA) and Environmental Product Declaration (EPD) for the IE.X product family.

2024

Participated in the “Together We Build Sustainability” conference, organized by the Chamber of Commerce and Industry Slovenia, presenting Iskraemeco’s sustainability approach as an industry best practice.
Participated in the 13th Africa Day Conference panel on the Green Transition as a Pathway to Sustainable Development and Peace.
Presented Iskraemeco’s sustainability strategy at the Summer School on Sustainability in International Business, organized by the University of Maribor.
Authored and presented an article, “Promoting Sustainable Development through Water and Energy Management Solutions,” at the “Challenges of Sustainable Development” conference by B&B Education Center.
Continued the Fair Meter project with Flonidan, publishing the report for 2023.
Published an UNGC sustainability report for 2023.
Obtained the Family Friendly Enterprise certificate.

2023

Silver Eco Vadis Medal 2023
Recognized with the prestigious Silver Eco Vadis Medal for our commitment to sustainable practices.
ESG Champion Ranking 2023
Proudly ranked among the TOP 10 ESG Champions by A.T. Kearney in Slovenia, showcasing our dedication to Environmental, Social, and Governance (ESG) principles.

2022

Iskraemeco participated with Green Penguin on Expo Dubai.
Fairmeter Report 7th edition published.
Iskraemeco hosted a Group of International MBA Students from IEDC Bled.
Article published in ESG magazine Zelena Slovenija: “Practices vary, the market already requires carbon footprint reporting.”
Participation in the conference “Key topics of ESG management”, where we were presented as an example of good practice for supply chain management.

2021

Iskraemeco initiated the ESMIG Fair Competition Project Group.
A task force called “Increasing Smart Metering Benefits” was started by Iskraemeco and ESMIG.
A round table participant from the Faculty of Economics titled Sustainability is the game of the future.
Iskraemeco becomes Ambassador of the “Green, Creative and Smart” economy.
Participation in the conference Ljubljana Forum 2021.
Part of EU Sustainable Energy Week.
Leading working group on monitoring regulations and emerging policies at ESMIG.
Leading a cybersecurity project team at ESMIG.
Collaboration with the Faculty of Electrical Engineering, Faculty of Computer Science.

2020

November – Iskraemeco team won Ljubljana Climathon with Green Penguin idea
September – Iskraemeco has together with over 160 global companies signed a letter to EU leaders to back the ambition set out in the European Green Deal, and reduce greenhouse gas emissions by at least 55% by 2030.
August – Article published in Bled Strategic Times 2020: »The sweet spot of the energy transition – when green and digital go hand in hand«
August – Speaker at the Bled Strategic Forum, Conference of Circular economy

2019

October – Presentation at United Nations Global Goals Forum: Are we running out of time.
September – Article published in Global Goals Yearbook 2019: Aligning Profit with Purpose.
May – Metering must contribute to the global reduction of CO2 footprint, article in Africa power journal.
April – Fair Meter Report – 4th edition published, 95% supply chain transparency achieved.

2018

October – Fair Meter Project invited to present at the World Forum for a Responsible Economy (WFRE), Lille, France.
September – Fair Meter Project selected among best practices, results of SDGs, EuLAc Foundation & Fair Meter Project awarded for National Golden Innovation Award, Slovenia.
June – Fair Meter project in the EU RETRACE Good Practices Guide.
April – Fair meter listed as circular transformation best practice within the EU MOVECO project

2017

October – Fair Meter Project presented in Metering Days, Fulda, Germany.
October – Fair Meter Project presented at the EUW Amsterdam with 2 lectures.
May – Second Fair Meter Report submitted – supply chain transparency achieved to 85 %.

2016

October – Fair Meter project received an award in Slovenia for international sustainable business practice.
November – Fair Meter Project presented at the EUW Barcelona with 2 lectures.
May – First Fair Meter Report submitted – supply chain transparency achieved to 70 %.