1.5 Sustainability

At Nedap, we make decisions with the future in mind. Our goal is to ensure business continuity by prioritizing the long-term stability of our company, our customers and the industries we are active in. We accomplish this by creating technological solutions that help customers make their business models more sustainable. In addition, we pay close attention to the well-being of our people and make efforts to minimize the environmental impact of our operations and production processes.

Our sustainability policy consists of four focus areas: our employees, our operations, our products, and our customers. We have established goals, targets and metrics or ambitions for each focus area, and we have established action plans at both the organizational and business unit level. In 2024, we aligned our sustainability policy with the material sustainability matters identified through our double materiality assessment. We provide detailed information on our double materiality assessment and our performance per material topic in the Sustainability statement, section 5.3 Material sustainability matters.

The figure below shows the link between our focus areas and (material) sustainability matters. 

Our employees

We strive to be the preferred organization for top-tier talent by fostering a culture of growth and excellence, and we facilitate a working environment in which people feel safe, valued and empowered. We achieve this by offering extensive personal and professional development opportunities, translating our DEI vision into action and making procedural decisions aimed at enhancing gender diversity in our organization.

Targets

• Employees spend at least 40 hours on development per year.

• Achieve female representation in senior management by 2028 that aligns with the overall gender ratio of Nedap.

Our operations

We aim to minimize the negative environmental impacts of our operations related to our buildings and our vehicle fleet. We achieve this by investing in the sustainability of our buildings, purchasing green electricity and transitioning away from fossil-fuel-powered vehicles. For data processing and hosting of our SaaS solutions, we use data centers powered by green electricity.

Targets

• Achieve net-zero greenhouse gas (GHG) emissions for our own operations (Scope 1 and 2) by 2030.

• • Phase out the use of natural gas in our operations by 2030.

  • Phase out fossil-fuel-powered company vehicles by 2030.

Our products

We aim to lower the negative environmental impact of our solutions by reducing the GHG emissions of our products and increasing our focus on circularity. We achieve this by conducting product life cycle analyses (LCAs) and translating insights to targets and action plans to reduce GHG emissions, with a focus on minimizing emissions during the use phase of our products. In addition, we consider ways to reduce resource use.

Target

• Reduce the intensity-based GHG emissions of our portfolio, aligned with the Paris Agreement climate goals, by reducing product GHG emissions during the use phase, informed by the Science Based Targets initiative (SBTi).

Ambition

• Increase the circularity of our products through sustainable product design and collaboration across the value chain.

Our customers

We aim to maximize our positive impact by designing and developing solutions that help make our customers' business models more sustainable. We achieve this by considering the factors that contribute to the long-term health and success of our customers and the industries they are active in.

Ambition

• Develop solutions and functionalities with attention for their contribution to sustainability to help make our customers' business models more sustainable.

We report on our progress toward our targets and ambitions in section 2.3 Progress on our sustainable impact and chapter 5. Sustainability statement.

Stakeholders and materiality

In 2024, we updated our double materiality assessment (DMA). We benchmarked our approach against industry peers and relevant reporting frameworks. Next, we held multiple sessions with internal experts and business unit representatives to evaluate and refine our list of material sustainability matters. These were subsequently reviewed and approved by the Board of Directors and further validated through discussions with key external stakeholders. Please refer to the table in subsection 5.3.2 Material impacts, risks and opportunities of section 5.3 Material sustainability matters for the outcomes of this process.

We will regularly review and reassess our material sustainability matters. As part of this process, we will also reevaluate the stakeholder landscape, ensuring that we capture diverse perspectives and focus on the issues most relevant to Nedap and our long-term value creation ambitions. We will use various engagement methods, such as surveys, interviews and focus groups, to maintain an ongoing dialogue with our stakeholders. In doing so, we aim to create a feedback loop that fosters transparency and open communication, helping us advance our sustainability impact.