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Our Commitment to Sustainability

ANNUAL REPORT & ACCOUNTS

for the year ended 31 December 2019

XP Power is commited to creating long-term sustainable value for our stakeholders

To achieve this goal, we have aligned our operations with the Sustainable Development Goals, providing us with a framework to map against.

Our sustainability framework

The Sustainable Development Goals, created by the UN, are the blueprint to achieve a better and more sustainable future for all. They address the global challenges we face, including those related to poverty, inequality, poor sanitation and diseases.

HOW XP POWER MEASURE AGAINST THE SDGS

We have outlined below the key SDGs that we believe we can impact the most

03 GOOD HEALTH & WELL-BEING

XP Power focuses on the wellbeing of our employees. We also work within the healthcare sector, supporting good health. Through our commitment to a more environmentally friendly society, we support the eradication of hazardous chemicals in the environment.

04 QUALITY EDUCATION

As an organisation, XP Power are committed to continually improving their training and development. Our core value of knowledge supports this SDGs. We promote quality education and ensure opportunities are available. We have worked with schools in our communities to promote science and electronics in particular.

05 GENDER EQUALITY

We support the movement to end all forms of discrimination of women and girls by enabling their full participation at XP Power. We promote workforce diversity and ensure all women can participate in all levels of the business.

07 AFFORDABLE AND CLEAN ENERGY

Our expansion into “Green” products supports our strategic aim of leading our industry on environmental matters. These green products require less energy, are void of hazardous substances and consume less material. We believe we are leading our industry in this area.

08 DECENT WORK AND ECONOMIC GROWTH

We promote decent work for all women and men, including for young people and persons with disabilities, and equal pay for work of equal value. We also take action to eradicate modern slavery through our modern slavery statement business practices.

09 INDUSTRY, INNOVATION AND INFASTRUCTURE

Our core value of knowledge demonstrates our desire to constantly innovate. This is exemplified by our green products. We support our customers’ innovation through the power solutions we provide to power their leading applications. Our power converters enable infrastructure.

10 REDUCED INEQUALITIES

At XP Power, we are committed to empowering and promoting the inclusion of all. We ensure equal opportunities and adopt policies to ensure this. We recognise the benefits of a diverse and talented workforce and consider this a competitive advantage.

12 RESPONSIBLE CONSUMPTION AND PRODUCTION

We aim to achieve the sustainable management and efficient use of natural resources. We integrate sustainable practices into our operations. We also raise awareness around sustainable development and desire to be a leader in our industry on environmental matters.

13 CLIMATE CHANGE

Through our green products and focus on reducing CO2 emissions we are supporting the reduction in greenhouse gases. We are integrating climate change measures into the business through monitoring emissions and carbon disclosures.

16 PEACE, INJUSTICE AND STRONG INSTITUTIONS

Our modern slavery statement and participation in the Responsible Business Alliance demonstrate our allegiance to this goal. We work towards ensuring our supply chain partners have the same approach towards ethical business practices as XP Power

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