Your partner for a sustainable future
ESG (Environmental Social & Governance) represents the three pillars of corporate sustainability for a better future. LiveU's goal is to create a positive impact in each pillar with a comprehensive ESG strategy and clearly defined targets.
In many ways, LiveU IP bonding and cloud-based solutions are “greener-by-nature”, facilitating sustainable live productions for our customers.
We are now taking steps to reduce our own environmental footprint at the operational level across our global offices. We also strive to ensure the highest levels of employee wellbeing, while giving back to the community, being more eco-friendly and engaging in ethical business practices.
From its inception, LiveU technology and solutions have been about facilitating greater efficiency in live production. That is the core of our bonded transmission evolution, helping customers to reduce both costs and their environmental footprint.
In 2022, we formally embarked on our own internal journey to consciously embed Environmental and Social goals and targets into the company’s strategy and daily operations. With management commitment, we appointed a dedicated Head of ESG, engaged with consultants, and formalized our company practices.
We see this as an evolving journey to positively impact the world in which we operate, delivering these ESG values to our customers, partners, employees, investors, and other stakeholders.
While our initiatives will not solve global issues, we are committed to setting a strong example in the industry, believing that every effort counts.
Processes have now been introduced to identify, monitor, develop and integrate our activities across all three ESG areas. It is sometimes difficult to quantify “soft” ESG practices, and it is challenging to address the full scope of these areas. However, we do believe that a holistic approach, encompassing daily practices, is critical within the broader context.
The following sections provide an overview and some of the quantifiable targets we’ve set for ourselves.
Highlights and targets for 2023
Developed policies, processes, employee engagement, Board Level awareness, ESG reporting, paperless collateral, reusable booths, etc.
Monitor energy consumption, report to CDP, set reduction goals, target 10% reduction (normalized) in power consumption.
Target ESG evaluation of 50% of our main upstream and downstream suppliers.
Target 90% of our products/shipping materials to be recyclable.
Target 10% reduction (normalized) in our cloud operations (reducing instances, uptime, etc.).
Renovations including E/V charging stations, local furniture, recycled materials, efficient A/C-heating, hybrid working, waste separation, etc.
Highlights and targets for 2023
Set goals, monitor execution, and provide feedback covering 80% of our activities for employees and the community.
An integral, consistent part of LiveU's business conduct.
Safety, career development, on-site/offsite activities, benefits, teams and departmental activities, hybrid working, training, work-life balance etc.
Implement LiveU Annual Volunteer Plan (employee involvement in local charities, at least 3 campaigns), donations (employees and company), technical broadcast support for environmental causes.
Working with start-up leaders, students and others on a volunteer basis.
Celebrating women in the industry, support for freelance newsgatherers.