NowyStyl_Raport CSR_2022-2023_EN-www

PRODUCT DESIGN AND IMPLEMENTATION Incomplete definition of product requirements in relation to needs Failure to consider recycled materials at the implementation stage Technical problems in designing for recycling No consideration of extended product life PROCUREMENT AND SUPPLY CHAIN Untimely delivery of components for production Long lead time for delivery Long supply chains Shortage of raw materials and price volatility Shortage of certified wood raw material on the market Difficult access to good quality regranulate and recycled materials Difficult access to certified recycled steel TRANSPORT Lack of ability to use low environmental footprint transportation Lack of loading space optimization Lack of reduction in packaging materials for inhouse transport FINANCE Fraud attempts by organized criminal groups Liquidity risk Exchange rate risk Credit risk Interest rate risk DATA AND SYSTEMS SECURITY Data security risk (related to IT infrastructure) Security breach of general IT infrastructure related to threats such as lightning, fire, flooding Cyberattacks (Network Attacks) INFORMATION SECURITY Information leaks in IT architecture (caused by human factors) GDPR violations Incidents related to data leakage Disclosure of confidential company information by employees GRI 2-25 GRI 2-29 GRI 3-3 We are aware of the impact we have on our environment, which is why we attach great importance to management that would allow us to shape a world friendly to future generations. We systematically analyze each link in the Nowy Styl value chain to identify areas that can be optimized not only to increase the company’s competitiveness, but also to increase its value from the point of view of all stakeholders. In order to respond to changes in the market environ- ment on an ongoing basis and effectively adapt to new legal regulations, or effectively implement new solutions and technologies, we conduct regular dialogue with our key stakeholders. Listening carefully to the needs of our customers and being able to respond to them quickly is fundamental to the development of our business, espe- cially our product portfolio. Based on a multi-stage process described in the final chapter of this report, we have identified the key aspects and issues of sustainable development for our company. 1.5 Areas of impact 19