At Radar, we use the term ‘ESG’ to describe a comprehensive set of environmental, social and governance matters impacting our company. We put these concerns at the core of our operations.

WHAT ESG MEANS FOR US:
We are following a definition of ESG which defines ESG across issues linked to E, S and G respectively.

1.   Environment:
Considering the environmental impact from Scope 1 (directly caused by the company, e.g. through facilities) and Scope 2 (indirectly caused, e.g. energy, electricity, waste) to Scope 3 (caused by upstream and downstream activities, e.g. business travel, customers’ energy usage); targeting both measuring but most importantly reducing the impact across all scopes.

2.   Social:
a.  DEI: integrating diverse and inclusive practices across all areas of the business (e.g. diversity across all levels of the organization, inclusive hiring practices)
b.   Team and working environment: building a strong culture and being a conscientious employer (e.g. pay gap, parental leave, living wage)
c.  Responsible design: designing products and services with consideration of the ethical and human implications on the end-user and society
d.   Supply chain: working towards an ethical and environmentally resilient supply chain

3.   Governance
a.  Legal and regulatory: being on top of and aligned to the latest laws, regulations and compliance standards; the oversight of these issues should be ensured by the founding team and Board of Directors.
b.   Governance: having appropriate governance structures in place (e.g. board structure); writing out a code of conduct (committing the company to high ethical standards); adopting a whistle-blower policy.
c.  Data privacy and security: instilling a strong culture of trust, responsibility and best practice (e.g. with internal systems) around data

HOW WE OPERATIONALISE ESG IN RADAR:

• ESG responsibility: while every member of our team is concerned with and thinks along the lines of ESG when making decisions, we have assigned the overall responsibility for ESG to the Board of Directors. Our approach to ESG will be discussed regularly in our board meetings.
• Hiring and working environment: we are committed to hiring a diverse team and providing an inclusive working environment. We are developing a DEI policy (including considerations of inclusive hiring, parental leave, pay gaps).

CONTACT US:

Questions and comments regarding this policy should be emailed to: [email protected] or alternatively phone: 01743 290001

This Policy was last updated on 01/12/2024