Positive influence on the surrounding society

Teleste is involved in building a networked world. Its primary task is to increase the intelligence, convenience and safety of people’s everyday life.

Smooth and safe everyday life

Teleste’s products and services promote the use of public transport, the safety of public areas, the reception and sharing of information and entertainment as well as the general progress of digital develop­ment. Teleste’s influence on the surrounding society is positive in many ways, and the carbon footprint of its own operations is low. 

Corporate responsibility is at the core of Teleste’s work, and it is reflected in the company’s vision, mission and strategy. In addition to ethical rules, everyday business is governed by many laws, guidelines and environmental certificates. Corporate responsibility is developed and it is ensured when collabo­rating with any stakeholders. A good corporate citizen, Teleste engages in active co-operation with customers, partners, universities, other educational institutions, research institutes and other communities to achieve the joint goal.

Economic, ecological and social responsibility

Teleste follows the division of corporate responsibility into economic, environmental and social components. Economic responsibility is addressed through customer centricity and result orientation. We observe the operating environment; we are open and proactive. We keep close to the customer, now and in the future. Result orientation is ensured by making timely decisions, setting challenging goals, communicating them clearly and carrying things through. Environmental responsibility involves considering the environmental impacts of a product’s entire life cycle and monitoring their development. Environmental responsibility is a particularly important aspect of the reliability of products. Social responsibility is addressed in ethical guidelines as well as through fair working conditions and practices. Respect for all people is included in the basics of social responsibility. 

Extensive consideration of impacts

Teleste provides long-lasting products. Therefore, their energy consumption and maintainability are important factors when considering life cycle costs and environmental burden. We aim to reduce these impacts throughout the production process, ranging from design to production, distribution, use and recycling. The production process is described on the next double-page spread. 

Effects of our operations under control

The environmental effects of Teleste’s operations are relatively small, mainly resulting from materials and components used in production as well as energy consumption and bisness travel. In 2018, Teleste’s energy consumption amounted to 6.9 GWh. Energy is used for production as well as the heating and lighting of premises. We aim to reduce our ener­gy consumption by always choosing more energy-­efficient devices. 
The sourcing of materials and components is governed by strict rules to ensure the quality of the final products and also the responsibility of sourcing. Sourcing is described in more detail on page 34. We aim to reduce the need for business travel by util­ising network connections for meetings and negotiations. Whenever possible, Teleste employees prefer public transport and choose low-emission alternatives as company cars. The most significant emissions from travel are caused by the services business, as network maintenance requires driving. 

Risk management

Risk assessment and preparedness are important contributors to financial success. Twice a year, Teleste carries out a survey and assessment of risks. Risks are separately analysed for each business unit. The objective is to prepare a continuity management plan for risks that can have a serious effect on business. We have designated persons in charge of monitoring the most important risks and the continuity management plans in the business units and Group functions. 

Teleste carries out an annual internal audit to evaluate the efficiency of processes related to risk management, control, leadership, administration and selected functions. The audit also includes making proposals for the improvement of these processes and functions. In addition, internal auditing carries out special tasks assigned by the management. 
On 5 April 2018, Teleste’s Board of Directors established an audit committee to prepare matters concerning the company’s financial reporting and supervision. The audit committee assists the Board of Directors by preparing the matters that fall within the responsibilities of the audit committee. The audit committee convenes at least four times a year.
 

Updated 2019