Share price
334.6 SEK
Mips AB (Mips) -5.99 SEK (-1.79%)
Last updated 21 September 2023, 17:45 CEST
Delivered eleven customer projects with post-industrial recycled plastic. The goal for 2022 was to produce three post-industrial recycled plastic customer projects.
We joined the Science Based Targets initiative (SBTi) to reduce our total emissions by 42% by 2030.
We committed to the Paris Agreement to limit global warming to a maximum of 1.5°C.
We achieved our goal of a 40/60 distribution of women and men in our workforce, the figure for 2022 was 48% women and 52% men.
All of Mips' energy consumption in Sweden came from renewable sources of energy.
Joined the UN Global Compact and began implementation of its ten principles within our operations.
Phased out three high-emission products from Mips' product range.
Updated the product development process in 2022 to now include a climate calculation consistent with the Greenhouse Gas (GHG) Protocol.
Daring means being brave, innovative, and challenging the status quo. We are curious about trying new solutions and are not afraid to make mistakes or ask for help. We challenge ourselves and others to achieve our vision.
Caring involves creating a sustainable environment where people can perform. We show our colleagues respect. In our desire to achieve the highest quality, we take responsibility for our own well-being.
Sharing is about creating transparency, a sense of belonging, and trust. We continuously share our experiences and knowledge with our colleagues. We support collaboration across functional areas.
We understand the climate challenge and support the ambitions of the Paris Agreement. To gain a better understanding of how we can reduce its climate impact, the company first needs full insight into what that impact is. This will guide the journey forward.
Science Based Targets
Reduce emissions per product sold by a total of 12%.
UN Global Compact
Carry out third-party audits of the three most strategically important suppliers in the supply chain
Circular product offering
Offer suppliers 100% post industrial recycled plastic for Mips' most sold solution
In 2021, we carried out the first analysis of our total climate impact according to the Greenhouse Gas Protocol. In 2022, we had access to more granular data and were able to refine the analysis of our total emissions. This has enabled us to update the calculations used in 2021 with more exact data. In 2022, we set a goal to reduce our total emissions by 42 percent by the end of 2030 based on SBTi’s calculations, not including growth. For 2023, our target is to reduce our total emissions by 12 percent per sold unit.
| • | Production | |
|---|---|---|
| Electricity | 45.2% | |
| Raw materials | 40.1% | |
| Transportation | 5.3% | |
| Total | 90.6% |
| • | Other | |
|---|---|---|
| Other | 4,5% | |
| Travel / IT | 2,9% | |
| Refrigerants / AC | 1,5% | |
| Electricity, China | 0,4% | |
| Water | 0,1% | |
| Electricity, Sweden | 0.0% | |
| Total | 9.6% |
Part of Mips’ vision is to use our technology to ensure that helmets in all categories protect users significantly better than current test standards promote. Mips is a pioneer in this important field, so it is vital that the company can attract and retain employees with the right skills and passion to always make safer and better products. Even though Mips is the world leader in its field, Mips’ people are modest and curious, with a desire to learn more. We constantly challenge ourselves and encourage all employees to be their best selves every day.
We achieved our goal of a 40/60 distribution of women and men in the workplace, the figure for 2022 was 48% women and 52% men.
Sustainable societal development is extremely important for us, we believe that our technology and products lead to a more sustainable society since they are designed to improve helmet protection for both recreational and professional use. Improved helmet protection leads to increased safety and security while reducing risk for both short-term and long-term sick leave, as well as permanent injury.
Delivered eleven customer projects with post-industrial recycled plastic. The goal for 2022 was three such customer projects.
We released three revolutionary new products to our lineup.
We do not conduct any of our own production. Instead, we use external suppliers to manufacture our products. To ensure that the supply chain and the manufacturing of the products are sustainable, we need to ensure that the supply chains of our suppliers are sustainable and comply with requirements stipulated by international laws and conventions.
Identified suppliers
Identified the most sustainable manufacturing suppliers.
Greenhouse Gas Protocol
Updated the product development process in 2022 so that it now includes a climate calculation consistent with the Greenhouse Gas (GHG) Protocol.