Instagrid - Our Approach

Our strategic approach

As a small company we have big ambitions, but also must consider where we can make the biggest difference. At the same time, we’re aware that our business can contribute to risks along our value chain, which we aim to identify and prevent.

This is our first impact report. The report outlines the priorities of our sustainability work, and the opportunities and challenges we face therein. With our reporting we aim to share our commitment in a transparent, fact-based and holistic way. Here's a summary of our strategic approach.

Environment

Strategic Objectives

Save 700 kilotons of NOx and 1.5 megatons of CO2e by 2025

Milestones 2023

Save 100 kt of CO2e.
Save 40 t air pollutants (NOx)
Set up a net zero roadmap

Contribution to SDGs

Circularity

Strategic Objectives

Increase product circularity by 25 %, through minimizing use of natural resources and optimizing the product end-of-life treatment by 2025

Milestones 2023

Increase circularity of product by 10%
Set up a product end-of-life strategy

Contribution to SDGs

People

Strategic Objectives

Our products are made under fair conditions and give access to clean energy to 10 million people by 2030

Milestones 2023

Give access to clean energy to 50.000 people
Set up a grievance mechanism
Develop a supplier engagement program

Contribution to SDGs

What’s our approach?

Our sustainability strategy rests on three pillars: environment, circularity and people. We’ve engaged with our stakeholders to prioritize topics and form a roadmap that includes strategic objects within these core pillars. These strategic objectives are broken down to milestones on the product, company and supply chain level.

How do we work on it?

To discuss strategic priorities and monitor our progress company-wide, we work in cross-department project teams and have established a cross-functional Sustainability Lab that meets on a regular basis. The Board of Management participates in annual workshops to help set the frame and ambition and is regularly involved in strategic discussions.

What international frameworks do we follow?

We are guided by internationally recognized standards. We’re committed to the UN Guiding Principles of Business and Human Rights (UNGDP) and the International Labor Organization (ILO) Conventions. We’ve identified relevant Sustainable Development Goals (SDGs) and detailed how we contribute to their achievement. Where feasible, we link out KPIs to the Global Reporting Initiative (GRI) as well.

What happens next?

Since we work in a very dynamic environment, we see a need to repeat this assessment on a regular basis or in response to exceptional changes in our operating environment. We are actively seeking to extend our stakeholder base and intend to proactively invite stakeholders for an ongoing dialogue on sustainability topics.

If you would like to find out more details on our strategic approach you can download our strategy paper