U-blox AG Publishes 2023 Sustainability Report Aligning with GRI Standards

u-blox AG, noted for its global leadership in positioning and wireless communication technologies, has released its 2023 Sustainability Report. The report is in compliance with the Global Reporting Initiative (GRI) Standards, underscoring the company's commitment to sustainability. This move reflects the firm’s dedication to transparently communicating its environmental, social, and governance (ESG) initiatives.

The report outlines u-blox's sustainability agenda, built upon a materiality assessment that led to the identification of five key focus areas: Business Ethics, Privacy and Data Security, People and Communities, Environmental Responsibility, Responsible Supply Chain, and u-blox Innovations. For these areas, u-blox has established measurable short, medium, and long-term targets.

One of the notable updates in the 2023 report is the addition of a new pillar aimed at enhancing the social and environmental impact of u-blox innovations, with a goal set to evaluate the company's product portfolio against the United Nations Sustainable Development Goals (UN SDGs) by 2025.

Stephan Zizala, the CEO of u-blox, remarked on the integral role of sustainability in the company’s strategy and its positive momentum towards creating solutions conducive to a better world. The 2023 Sustainability Report is available online, offering insights into u-blox’s contributions and targets for a sustainable future.