High engagement – our recipe for success

As a knowledge-based company, it is our employees who make us successful and are our greatest competitive advantage. The high engagement level shown by our employees, together with their extensive knowledge and skills are key factors to our success. We offer a stimulating global environment, a unique culture with clear values, and continuous learning and development.

Commitment

Attract, engage and develop the best people

Measurable goals

Actions and achievements 2024:

• NCAB received an EcoVadis Silver rating for our sustainability work. We scored overall 73 out of 100 which places us amongst the top 4 percent in the Manufacture of electronic components and boards industry and top 7 percent of all companies globally that have been rated by EcoVadis over the previous 12 months.
• NCAB committed to set scientific climate targets through the Science Based Targets initiative (SBTi).
• Continued investing in employee skills development, specifically leadership, sales, technology and onboarding of new employees. 20 NCAB leaders from around the world participated in our NCAB Exploring Leadership program.
• NCAB organised a global conference for all employees, a valuable opportunity to build stronger relationships and company culture, and to create customer value and develop together. The themes for the conference were “AI = authentic intelligence” and “Exploring”, focusing on exploring new ideas that make us more innovative and sustainable as a business. Before Christmas holiday everyone was invited to an online global meeting to sum up the year.
• Our employees around the world contributed to society with their Give Back Day.
• In 2024, 47% (34%) of NCAB premises run on 100% renewable energy or have “green energy” contracts, which covers 56% (51%) of our total electricity consumption.
• Increased number of electrical company cars.
• Emissions intensity (tCO2e/SEK million sales) is largely unchanged, attributable to a decrease in total emissions in in combination with lower sales compared with the year-earlier period.
• Scope 1 and 2 emissions slightly decreased.
• In Scope 3, emissions decreased mainly due to an increased share of manufacturing in Europe and a decreased share in China, but also due to an increased share of renewable energy used in manufacturing in China. Scope 3 accounts for 99.4%.

For us to remain a top-tier performing company, it is essential that everyone who works at NCAB Group is motivated and engaged. Our commitment is to attract, engage and develop the best people. We want to offer a stimulating work environment, empowering, respecting and including every individual.

To do this we have to maintain an open dialogue, providing the basis for good rapport between our co-workers, and a workplace where everyone develops, is engaged and takes pride in their work. Areas we work with are:

• Value-based leadership and innovation
• Employee health and satisfaction
• Training and competence development
• Equal opportunities
• Ethics

Status December 2024