Sustainability

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

Iskraemeco sustainability in numbers

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Total carbon footprint reduction (scope 1 and 2) since 2013

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Carbon footprint reduction (scope 1 and 2) in 2022 compared to the year before

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Reduced electricity consumption (per product) in 2023 compared to the year before

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Reduced heating consumption in 2023 compared to the year before

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Of our waste handled by local authorities for recycling (yearly average)

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Of energy needs covered by our own solar plant (yearly average)

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Share of employees taking part in education and trainings in 2023

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Share of recycled materials in electricity meters (yearly average)

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

1

Environment

Through targeted projects and awareness raising we have continuously lowered the CO2 footprint of our operations. Since 2023, our own solar plant in Kranj, Slovenia, accounts for approximately 20% of energy needs. Reducing energy consumption, material use and waste outputs reflect Iskraemeco’s dedication to circularity whilst producing quality products with a long life cycle and durability. Around 5% of our meters components are recycled. More than 90% of our waste is sent for recycling and the hazardous waste is appropriately managed by authorized collectors.

2

Social

Iskraemeco’s social initiatives focus on fostering a positive impact on employees and the local community while acting responsibly in our business relationships throughout the value chain. We place a high value on ethical and fair relationships with suppliers, ensuring transparency and integrity. Engaging in knowledge exchange and actively collaborating with local organizations, universities, and the community is exemplified by the implementation of the Green Penguin project that enhances digital competencies and environmental literacy of pupils. With almost 50% of the workforce being female, we pride ourselves in our commitment to diversity and inclusion.

3

Governance

Ethical governance and transparency are fundamental to our operations. Iskraemeco sustainability steering committee, comprising department heads and sustainability ambassadors, underscores the importance of incorporating diverse perspectives in decision-making. Our business relationships are regulated by the strict policies on anti-corruption and whistleblowing, as well as the authority matrix. Regular mandatory business ethics and compliance training for all employees further underscore our commitment to fair business conduct.

Our ESG progress

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

Incorporating circular
economy principles

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 %.

Discover our climate solutions

Iskraemeco offers quality products, solutions and services that enable efficient use of energy and water worldwide. Digitized solutions based on the IoT, digital networks and smart cities, utilities, infrastructure and communities provide the data needed to manage energy and water consumption, forecast demand, and optimize costs.

See how we do climate solutions