Zirq's Commitments

We are committed to Science Based Targets, and together with the NG Group we are implementing measures to reduce our carbon footprint. We divide our emissions into scope 1, 2 and 3, and we continuously work towards reducing our internal carbon footprint in scope 1 and 2, as well as through working with our suppliers and our value chain, to reduce our emissions from scope 3. This is done through several measures, such as installing solar panels, which typically produces 15% of our electricity usage at our Norwegian site. We are also replacing fossil machines and vehicles with electric alternatives, on an ongoing basis. 

We have committed to reducing our carbon footprint from scope 1 & 2 with 42%, and from scope 3 with 25%, by 2030. 

Through our banks we have been invited to take part in their mechanism for ensuring financing of the green transition. Our loan is linked to selected sustainability KPIs, with a set target for 2027. We measure our progress, which is also reported to our banks, on a quarterly basis, towards set milestones. The four KPIs we track are:   

• LTIRF (H-value)
• Diversity
• External Audits
• Reducing our carbon footprint in line with Science Based Targets

The EU Taxonomy is a classification system that facilitates for a structured approach to measure a company’s positive contributions to the climate crisis in a greener, more sustainable economy.

The Taxonomy enables a consistent understanding of what is sustainable across different industries. Further it contributes to preventing greenwashing, and it makes it easier for banks to invest in sustainable companies.

Sustainable activities must substantially contribute to at least one of the six environmental goals, not harm any of the other environmental goals, and meet minimum requirements for social responsibility.

From 2024 it is a mandatory legal requirement to carry out a Taxonomy screening and report the results in the company’s annual report. The reporting will be subject to external audits in the time ahead.

Zirq carried out a Taxonomy screening and financial allocation pilot for the financial year of 2022. For the financial year of 2023 we will fully implement the Taxonomy screening and financial allocation process.

Governance, compliance, and good management processes are the backbone of our Zirq Group. Zirq has implemented a common QMS system across the Zirq Group, and we are working for continuous improvement within all aspects of our operations.

Several of our companies are Iso 9001 certified and 14001 certified. Our goal is to have Zirq Group ISO 9001 certified within 2024, and we prioritise to work to achieve Zirq Group 14001 and 45000 certifications by 2025.

Compliance and traceability is always our foundation for doing business, and we take pride in ensuring full control of who we work with, and how we follow up on our suppliers and customers.

The Transparency Act entered into force on July 1^st, 2022. Zirq Solutions is dedicated to ensuring respect for fundamental human rights and decent working conditions both within our own organisation, but also across our value chain. We have implemented a range of measures to ensure that we comply with the Transparency Act. Through our longstanding focus on compliance, we have prioritised to formalize governance structures and processes to hinder unethical actors becoming part of our value chain. We have a rigid system for screening and approval of our most high-risk suppliers, and through preventative measures we mitigate cooperation with actors who exploit people and/or the environment.