STATEMENT BY THE CEO

At FOM Technologies, we have a clear purpose. We want to enable professionals around the world to discover, develop, and commercialize new functional materials for a cleaner and more sustainable world. We play an important role in the development of new technologies to produce and store sustainable energy in the quantities needed to fuel the green transition and to reach the 2050 climate targets of the Paris Agreement.

We are committed to contributing to the UN’s Sustainable Development Goals (SDGs), just as we support the UN Global Compact’s Ten Principles. We have selected 5 SDGs that are particularly important to us. Through the chosen SDGs, we can contribute meaningfully to a more sustainable world. In this publication, we elaborate on our strategic focus and how we already have and intend to incorporate sustainability into our business operations. 

We have a very strong company culture and mindset. Our aim is to be the best in class in everything we do. We are committed to implementing high governance standards and transparent communication as a foundation for building trustful partnerships. We want to do the right things but even more so, we want to do things right. Supporting a sustainable, credible, and socially responsible evolution of society is key.

As a company, we are small, agile, and highly dependent on our people and their know-how. We work together as a high-performing team in a clearly defined direction. Employee satisfaction is one of our most important KPIs to measure, monitor, and manage. We strive to work hard to learn and improve continually, and to keep satisfaction at a high level.

We have outsourced manufacturing which limits our direct environmental footprint. However, it requires us to pay special attention to responsible business behavior in our supply chain. We have deliberately embarked on nearshoring in Denmark, Sweden, and Poland to limit our Environmental, Social, and Governance risks. In 2023, we will further enhance our supply chain due diligence processes.

In publishing our very first ESG Initiatives, we aim to establish a responsible foundation for transparency in our business, while inviting present and future collaboration partners and investors to follow our journey of improving our sustainable impact. I am pleased to present our first ESG Initiatives, covering the financial year of 2022.