Mips AB 2023 IR
The report highlights Mips' performance and sustainability progress during the 2023 fiscal year. Despite a challenging market in the bike sector leading to a 37% decrease in net sales to SEK 357m, the company continued strategic investments in research and development. Key achievements include reducing average carbon emissions per solution sold by 21% and expanding its range of recycled materials, now offering recycled polycarbonate in its most popular safety solution. Additionally, Mips completed third-party audits for its three most critical suppliers and acquired a 25% stake in sensor technology company Quintessential Design to explore sensor-based helmet safety.
Company: Mips AB
Sector: Professional & technical services
Country: Sweden
Year: 2023
Type: IR
Pages: 148
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Mips AB
Annual Report And Sustainability Report
The report highlights Mips' performance and sustainability progress during the 2023 fiscal year. Despite a challenging market in the bike sector leading to a 37% decrease in net sales to SEK 357m, the company continued strategic investments in research and development. Key achievements include reducing average carbon emissions per solution sold by 21% and expanding its range of recycled materials, now offering recycled polycarbonate in its most popular safety solution. Additionally, Mips completed third-party audits for its three most critical suppliers and acquired a 25% stake in sensor technology company Quintessential Design to explore sensor-based helmet safety.
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Document Details
Report Year
2023
Reporting Period
Jan 1, 2023 - Dec 31, 2023
Fiscal Year
2023
Type
Integrated Report
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
Assurance
Assurance Provider
Assurance Standard
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Emissions
Scope 1:
Scope 2:
Scope 3:
Women on Board
Women in Management
Workplace Fatalities
Employees