Sustainability – an integrated component of Fingerprints’ governance
Fingerprints’ biometric solutions contribute to sustainable development. Our offering enables secure identification and authentication in a formerly high-risk environment.
Focusing on sustainability DESPITE NEW MARKET CONDITIONS
We secured our sustainability work on a firmer footing in 2017, and improved governance by integrating sustainability further into our business.
Fingerprints expanded its product portfolio in 2017, through channels including acquiring Delta ID. Meanwhile, we are considering new application segments for the company’s biometric solutions, which in turn, open up opportunities for stronger integration of sustainability within different business segments.
With Delta ID, Fingerprints has played an active role in developing Aadhaar. Aadhaar is operated on behalf of the Indian Government with the aim of creating official identities, and thus ensure access to local and national social insurance systems in a simple and secure manner for citizens. ActiveIris®, which is part of this project, is Fingerprints’ first Aadhaar-certified product. Aadhaar is an example of an application segment supporting UN Global Sustainable Development Goal 1 (No Poverty), by delivering a technology that supports people’s rights to an official identity.
Our offering in smart cards, which enable secure payments, is another example of our connection to UN Global Sustainable Development Goals. This supports Goal 16 (Peace and Justice Strong Institutions) by enabling more secure authentication and payments.
Fingerprints is working on sharpening and clarifying the benefits our products create from a sustainability perspective, and on reducing the negative impact Fingerprints has through its operations, products and supply chain. This work is primarily being conducted through continuous efforts towards sustainability goals.
SUSTAINABILITY—AN INTEGRATED COMPONENT OF FINGERPRINTS’ GOVERNANCE
Fingerprints’ Sustainability Forum was created in 2016, and focuses on the sustainability aspects of its organization, developing work towards sustainability goals. The Forum also serves as a referral point, with certain segments subject to further approval by management and the Board of Directors.
Fingerprints is governed by a company-wide balanced scorecard, with sustainability goals being part of the assessment criteria, which helps sustainability aspects secure equal status with the company’s other objectives. Sustainability targets were broken down by function and business line in the year two actualize how they can contribute to sustainability goals. This enhances
commitment and participation in sustainability work. The visibility and integrity of sustainability goals also facilitates Fingerprints’ managers following up on work where relevant.
In 2017, Fingerprints maintained internal focus on building processes to assure quality and a strong organization where everyone is working towards the same objectives. To integrate sustainability into our internal processes, we have gained inspiration from the Global Reporting Initiative (GRI). Our management system also has ISO 14001 and ISO 9001 certification, both of which were renewed in 2017. Apart from securing sustainability in the company’s overall strategy process, we also focused on improving that part of corporate governance that includes sustainability—corporate responsibility and responsible sourcing.
Corporate responsibility: a working method has been produced to manage our overall policies and Code of Conduct. This has been approved by Fingerprints’ management. Internal ownership of all policies was established in the year, and we have determined how new policies are to be issued, approved, updated, implemented and controlled. This approach enables all policy segments to be managed on an equal footing.
Responsible sourcing: Fingerprints’ work on responsible sourcing was integrated into its management system in the year, and covers direct suppliers. A three-step method has been developed,
with step 1 implemented in 2016, and steps 2 & 3 implemented in 2017:
Step 1) all suppliers must sign our Code of Conduct for suppliers;
Step 2) selected suppliers respond to the self-assessment questionnaire and;
Step 3) selected suppliers undergo a third-party audit based on Responsible Business Alliance (RBA, formerly EICC) standards.
COLLABORATIONS SECURED IN THE YEAR
We believe that companies working collectively on sustainability challenges is the best way to achieve long-term results. Fingerprints has been a member of the UN Global
Compact since 2016, and decided to expand its external collaborations in the year by becoming a member of three strategically selected organizations.
Eurosmart: sustainability work is conducted through its CSR committee, which Fingerprints’ Sustainability Manager is a member of. Eurosmart is the sector organization for businesses that work in smart security, such as digital identities, data security, cyber security, the IoT, payment solutions and interface controls. Eurosmart is headquartered in Brussels.
Responsible Business Alliance (RBA) formerly the Electronic Industry Citizenship Coalition (EICC). Fingerprints currently conducts much of its work on responsible sourcing based on the EICC’s Code of Conduct and Validate Audit Process.
Membership brings Fingerprints access to the Conflict Free Sourcing Initiative’s work on conflict minerals. The RBA is the world’s largest sector coalition for supply chains in electronics, which include semiconductor production. The RBA is headquartered in the US.
United Nations Global Compact Nordic Network As a business with its headquarters in Sweden and member of the UN Global Compact, Fingerprints thinks that the company should also work nationally and regionally on developing the UN Global Compact’s Ten Principles and UN Global Sustainable Development Goals.
All these collaborations were initiated in 2017, and Fingerprints plans even more active involvement in these organizations’ work in 2018. This means that Fingerprints will be able to exchange competence and best practice with other companies, thus driving the sustainability issue resolutely forward together.
Please refer to the 2017 annual report for information on sustainability goals.
Link to the Code of conduct FPC Code of Conduct 2016-03-18
Link to the Code of conduct for suppliers FPC Supplier Code of Conduct
Link to FPC’s FPC Conflict Minerals Policy
Link to FPC Environmental policy
Please follow this link to FPC’s organization and employees