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Content material
The 12 months in Temporary ……………………………………… 3
Our strategy to Sustainability
– Built-in in Our Enterprise …………………… 4
– CEO Assertion …………………………………. 5
– Mobility’s Challenges ………………………….. 6
– Worth Chain ………………………………………. 8
Merchandise ………………………………………………. 10
Individuals …………………………………………………… 16
Enterprise Companions …………………………………. 20
Planet …………………………………………………… 22
Prosperity …………………………………………….. 28
Ideas of Governance
– Ethics ……………………………………………. 30
– Threat ……………………………………………….. 33
– Materiality ………………………………………. 34
About this Report ……………………………………. 36
– GRI index …………………………………………. 37
– TCFD ………………………………………………. 39
2020 in Temporary
Creating
Belief in Mobility
Veoneer, Inc. is a worldwide chief in automotive expertise. Our function is to create belief in mobility. We design, manufacture and promote state-of-the-art software program, {hardware} and methods for occupant safety, superior driving help methods, and collaborative and automatic driving to automobile producers globally. Headquartered in Stockholm, Sweden, Veoneer turned an impartial, publicly traded firm in 2018, listed on the New York Inventory Alternate and on the Nasdaq Stockholm.
ASSOCIATES
$1.37 Bn
NET SALES
Gross sales by Product
11
COUNTRIES
6
MANUFACTURING SITES
Gross sales by Buyer
22
TECHNICAL CENTERS
Gross sales by Area
Different
Brake Methods
Different 1%
CEO Assertion
Dedicated to a Sustainable Future
T he World Well being Group estimates that yearly 1.4 million individuals are killed in traffic globally. We consider the answer to radically cut back these numbers are in pre-ventive security and Collaborative Driving, a step-by-step strategy to autonomy. Collaborative driving blends all the perfect options of human drivers and machine intelligence for ADAS and driver monitoring into a classy driving system, the place the human driver is interacting with clever expertise. In 2030, nearly all of all automobiles bought could have this sort of superior security software program and {hardware} that present collaborative interplay with the motive force, bringing security and comfort to customers and so-ciety at massive.
Being a central a part of this growth, which we consider has the potential to chop highway fatalities in half over the following decade, is Veoneer’s most vital contribution to sustainability. On this method our on a regular basis work instantly helps UN’s sustainable devel-opment aim quantity three: Saving Lives in Traffic.
As a younger firm, we proceed to develop our sustainabil-ity program. Since its inception this system has had 4 clear focus areas: our folks, our clients, our enterprise companions and the atmosphere. Throughout 2020, we added local weather as a spe-cific focus space. We additionally initiated a sustainability discussion board with par-ticipants from all elements of Veoneer reporting into the chief administration staff that reviews on sustainability issues to theBoard of Administrators, which have final oversight of this system. The whole lot associated to sustainability may be present in our devoted Sustainability Report.
We consider that our strategy, the place sustainability is em-bedded in all elements of the group, is the one technique to make it actual and produce significant outcomes. Our aim is to enhance day-by-day, month-by-month and year-by-year. We are going to refine this system, enhance measurability and continually assessment our focus areas to make sure that we’re focusing the place we are able to make a mean-ingful distinction.
This report is a abstract of our efforts so far and our direc-tion for the longer term. We hope this can present our ambition, sincerity, and dedication to take our accountability in making a sustain-able future.
Yours sincerely,
Built-in in Our Enterprise
Sustainability and company accountability are built-in in Veoneer’s enterprise, an-chored by a ardour for innovation and our function to create belief in mobility.
Veoneer has a robust dedication to clients and end-consumers, society, worker growth, enterprise companions, shareholders, and the atmosphere.
The Veoneer Board of Director’s Nominating and Corpo-rate Governance Committee has the last word oversight for sustainability – governance, environmental, social and finan-cial sustainability – the Govt Administration Staff has the accountability over coordination and implementation, and the road and practical managers are in the end answerable for
program execution.
Veoneer’s sustainability efforts are built-in within the re-gular enterprise and is supported by a Sustainability Discussion board, chaired by Communications & IR, and with appointed folks from a number of elements of the enterprise. The Sustainability Discussion board meets quarterly to coordinate its efforts, make sure that Veoneer has the appropriate sustainability targets and measure progress.
The Communications division are additionally specializing in sustainability communications and stakeholder engagement. Veoneer’s sustainability efficiency is frequently reported to the Govt Administration Staff and yearly to the Board of Administrators.
Extra on Veoneer’s governance may be discovered within the Proxy assertion, accessible on our website online and filed underneath SEC.
Jan Carlson
Chairman, President & CEO
Stockholm, Sweden
Sustainable Improvement Targets
Veoneer’s main aim among the many UN Sustainable Improvement Targets is #3, Saving lives in visitors, nonetheless we acknowledge that the Sustainable Improvement Targets are indivisible. Veoneer is dedicated to analysis, invent, develop and manufacture merchandise that allows not solely decreased highway visitors fatalities however higher societal high quality of life, well being, and mobility. Our dedication is aligned with our function “Creating Belief in Mobility”.
Veoneer brings important worth by innovating merchandise and options to extend visitors security. We attempt to restrict our environmental footprint alongside the complete worth chain and we contribute to the native financial system by way of our enterprise operations, offering each direct and oblique employment, in addition to paying taxes and customized duties. We attempt to supply stimulating, protected and wholesome work atmosphere in addition to aggressive employment phrases and different advantages.
On the UN Summit in September 2015, 17 international targets had been adopted that can lead the world towards a sustainable and equitable future by 2030. We deem we are able to contribute probably the most to the next targets;
Our Method to Sustainability
Specializing in Mobility’s Hardest Challenges
Society faces a number of challenges, the place traffic security, congestion, air pollution, and local weather change are areas the place the automotive trade has a accountability to behave. The automotive indus-try responds with electrification of automobiles, connectivity, autonomy, and shared mobility. Veoneer is true in the course of an automotive trade that’s altering quicker than ever.
Improved security can now not be simply an choice. We democ- ratize security by way of a scalable structure, the place the identical base expertise platform can be utilized from primary driver help solu- tions as much as totally autonomous driving on highways and in traffic jam conditions. This strategy helps reducing the R&D prices and means that elevated security turns into reasonably priced for extra folks. In 2030, the overwhelming majority of all automobiles bought could have superior security soft- ware and {hardware} that present collaborative interplay with the driver.
Collaborative driving blends the perfect of human drivers and machine intelligence for Superior Driving Help Methods right into a refined driving system, the place the human driver is interact- ing with clever expertise. Excessive efficiency driver state anal- ysis is used to watch ranges of consideration, distraction, drowsiness, engagement and impairment, with warning and intervention strat- egies developed utilizing human components and behavioral analysis to maintain the human driver within the loop.
We Innovate Belief
At this time, lack of belief is a serious roadblock for adoption of at the moment accessible automobile expertise. Client surveys present that drivers typically flip off security options akin to lane-keeping help as a result of
they beep too typically. On the different finish of the spectrum, we all know that some drivers can over-trust expertise, leading to extreme crashes. People should belief automated methods to make the appropriate selections. In return, these methods should decipher a human driver’s readiness to intervene, in addition to reply to a spread of driver ability ranges and human feelings. When people and ma- chines collaborate seamlessly, that’s once we efficiently have innovated belief.
Democratize Security
In keeping with the World Well being Group, yearly virtually 1.4 million lives are misplaced and 50 million individuals are injured on roads globally, over half of that are pedestrians and susceptible highway customers. Veoneer’s merchandise and options stop traffic accidents and, when accidents are unavoidable, our restraint management methods assist mitigate the consequences of a crash. We create belief in mobility.
Clear Air
The World Well being Group, WHO, estimates that 9 million individuals are killed by air air pollution yearly, and in accordance with the European Setting Company, EEA, air air pollution is the largest environmental well being danger in Europe.
When automobiles are related to one another, to the surroun-dings and to a traffic management tower, it results in fewer accidents, much less congestion and fewer air air pollution. Geofencing, a digital fence that controls automobiles’ actions inside a geographical space, is a great resolution that can be utilized for lowering entry, velocity or deciding what gas can be utilized by automobiles in restricted areas.
The significance of connectivity and large knowledge for security and comfort was demonstrated on the streets of Las Vegas in January at CES 2020.
Analysis Challenge
Veoneer is a part of Sensible Metropolis Sweden’s mission in creating an motion plan to make cities safer, whereas lowering air air pollution and noise ranges. In 2020, we finalized and demonstrated the CeViss analysis mission, the place we carried out and examined expertise for utilizing automobile sensors to detect and acquire knowledge for specific traffic conditions. Sensors in Veoneer’s check automobiles had been used to detect and establish objects alongside roads akin to massive animals, pedestrians and still-standing automobiles. Observations had been despatched in real-time to a management tower, analyzed and matched in opposition to different knowledge to find out the danger stage. Observations inflicting an immi-nent hazard had been then despatched as warnings to approaching automobiles.
Local weather Change
Veoneer acknowledges that air air pollution and the rising ranges of carbon dioxide and different greenhouse gases within the ambiance are linked to the extra excessive local weather occasions famous currently, like heavy rainstorms and report excessive temperatures.
Impacts of a modified local weather poses a danger to our operations. If excessive climate arises – floods, storms, fires or heavy rains, for instance – it causes injury and disruptions in a number of methods: disruptions of transportation, it poses dangers to our provide chain, to our personal enterprise and services in addition to to our workers and their lives within the native societies.
Veoneer’s technique for lowering its environmental affect fo-cuses on a number of areas alongside the worth chain, from the develop-ment of our merchandise and methods, to produce chain, personal opera-tions, the use-phase, and end-of-life.
In our steady work with property loss prevention throughout the worldwide manufacturing footprint, we take bodily local weather change dangers into issues by addressing identified property dangers and defending our services in opposition to pure hazards. We’ve engaged material experience to assist monitor the geo-graphical areas the place local weather change has been proven conclusi-vely to be rising pure hazard danger. Excessive climate occasions attributable to local weather change might additionally affect our provide chain in an identical method.
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