supplementary — HTS Dynamics

Supplementary data

    GRI Standard
  
    2.1
    Legal Name: HTS Dynamics AS
  
    2.1
    Nature of ownership and legal form: Privately owned
  
    2.1
    Location:Ing. Rybergs gt 97 N-3007 Drammen
  
    2.1
    Country of operation: Norway
  
    2.2
    Entities: Entire but only one location, same entity as  audited  financial statements filed on public record
  
    2.3
    Reporting period: 01.01.2022-31.12.2022, same as reporting period for financial reporting. HTS Dynamics AS reports annually
  
    2.3
    Publication date: 05.05.2023
  
    2.3
    contact point for questions about the report or reported information: anne@htsdynamics.no
  
    2.4
    Climate report 2022: for 2020 and 2021 “Steel” parameter general has been used, for 2022 we have obtained a more accurate parameter for our types of steel (chromium steel 18/8 hot rolled) that has a higher value than common steel. This significantly enlarges our emissions from purchased materials. As a consequence of this, the climate budget has been revised.
  
    2.5
    Sustainability report externally assured by: N/A
  
    2.6
    Value chain:
https://www.htsdynamics.no/whatwedo for downstream.
Our supply chain can primarily be divided into 2 main groups:
 •	Suppliers of goods 
 •	Suppliers of services

 Mostly supplies of goods is linked to raw-materials, articles to be added to our products, tooling, machines, gases etc.
 The main suppliers in this category are partners we know from many years back with whom we have contracts based on annual estimated volumes. Often the suppliers can be nominated by the customers, or at least appear at approved vendor lists, and there are stringent quality aspects that apply and are followed up regularly.                                                                                                                                                                                                        As other relevant business relationships we will mention 2 entities:
 •	Energy Valley
 •	NOW (Norwegian Offshore Wind)

Both are clusters who organise activities and create opportunities and arenas for cooperation, learning and participating in various forums. Typically the objective of being part of such clusters is to help identify opportunities and generate extended business, and especially NOW have a target themselves to accelerate/create a Norwegian supply-chain for the Norwegian offshore wind activities. 
  
    2.8
    Workers who are not employed: All workers in entity who are not employed are not controlled by the organisation, hired trough sub contractor or supplier with coordination of internal control for larger projects in the building. 1 cleaning personnel worker
  
    2.9
    Governance structure, including committees of the highest governance body: The highest governance body of the company is the General Meeting. However, due to the modest size of the organization, the Board of Directors are appointed by the General Meeting and functioning as the de facto highest governance body of the company.
  
    2.9
    List the committees of the governance body responsible for the organizations impacts on Economy, environment and people: The Board of Directors are responsible for the company's  impact on Economy, environment and people. 
  
    2.10
    Describe the nomination and selection processes for the highest governance body and its committees: The Board of Directors are appointed by the annual General Meeting. 
  
    2.10
    The Board of Directors are selected on a criteria of experience, competence and views.
  
    2.11
    The chair of the General Meeting is not a senior executive in the organization. The Chair of the Board is currently functioning as the CFO of the organization, due to the small size of the company. There are no conflicts of interests concerning this arrangement.
  
    2.12
    The Executive Management (CEO) is responsible for developing and updating the organization's mission, strategies, policies and goals regarding sustainability. The Board of Directors evaluates and approves the strategy on  an annual basis.
  
    2.13
    The Executive Management consist of the Chief Executive Officer (CEO), the Chief Financial Officer (CFO), the Chief Commercial Officer (CCO), the Chief Compliance and Sustainability Officer (CCSO), Chief Technology  Officer (CTO), Chief Manufacturing Officer (CMO) and the Chief Human Resource Officer (CHRO).
  
    2.13
    The Executive Management (CEO) reports directly to the Board of Directors at quarterly board meetings. In addition, the Executive Management (CEO) is responsible for drafting the organization's strategic plan, which is approved by the Board of Directors annually.
  
    2.14
    The Board of Directors are responsible for reviewing and approving the reported information including the organization's material topics. The tasks related to reviewing and approving are generally carried out in board meetings.
  
    2.16
    Internally, critical concerns are reported through a notification process. All Critical concerns are also reported directly to the Board of Directors. There were no critical concerns reported during the reporting period.
  
    2.17
    The Executive Management (CEO) regularly updates the Board of Directors on sustainability topics and ongoing initiatives.
  
    2.19
    The Board of Directors annually evaluate their performance and competence level.
  
    2.20
    There are no remuneration for the members of the General Meeting. The Board of Directors are remunerated by a fixed annual pay.
  
    2.22
    Statement from the organization's  CEO: "As a manufacturing company in the energy supply chain, HTS Dynamics has a particular responsibility for a sustainable development. However, the ambition goes beyond that of ethics, and since 2020 the company acknowledges that sustainability is also a core success driver for the company's economic engine. Propelling the green shift by minimizing the carbon footprint of the company, and at the same time embracing the energy transition from fossils to renewables, HTS Dynamics is set to take an active role in shaping the new Norwegian industrial adventure and building long-lasting competitiveness. At HTS Dynamics, there is no "sustainability strategy" of its own; sustainable development is embedded in the long-term business strategy of the company, and all strategic actions of the company is evaluated by its outcome on people and planet.
  
    2-26
    HTS Dynamics AS has established Routine for reporting objectionable conditions such as:
 • bullying, harassment or discrimination
 • corruption and financial fraud such as theft and embezzlement
 • violation of rules on working environment and social dumping
 • danger to life and health
This routine ensures the possibility to report anonymously .  
  
    2-27
    HTS Dynamics AS has had no significant instances of non-compliance with laws and
 regulations during the reporting period
  
    2.28
    Energy Valley, Smart Industry, Numeric Brukerforening
  
    2.29
    The Executive Management regularly identifies and reaches out to the company's stakeholders, on order to ensure meaningful engagement.
  
    201-1
    Operating revenues were 13,7 MNOK in 2022
 The company's annual profit was 12 MNOK in 2022
  
    201-4
    The SkatteFUNN R&D tax incentive scheme is a government program designed to stimulate research and development (R&D) in Norwegian trade and industry. The incentive is a tax credit and comes in the form of a possible deduction from a company's payable corporate tax. HTS Dynamics received 50466 NOK in tax deduction for the project: automated and digital production of subsea valves
  
    203-1
    HTS Dynamics AS has not developed any significant infrastructure investments or services supported.
  
    204-1
    HTS Dynamics defines local suppliers as Norwegian suppliers whose value creation is  large enough to legally define Norway as  country of origin for their products. 
  
    205-2
    As HTS Dynamics has not established a process for assessing corruption risks 0% of governance body members or employees are trained in anti corruption.  The non existing policies and procedures has been communicated to 0% of governance body members, employees or business partners. HTS Dynamics does mention corruption in Code of Conduct and has established notification routines for employees to report e.g. corruption.
  
    205-3
    HTS Dynamics AS has no confirmed incidents of corruption. No incidents in which employees have been disciplined or dismissed for corruption. HTS Dynamics AS have no contracts with business partners terminated due to corruption violations. HTS Dynamics AS has no legal cases regarding corruption brought against the organization or employees during the reporting period.
  
    206-1
    HTS Dynamics AS have no actions pending or completed during the reporting period regarding anti-competitive behaviour and violations of anti-trust and monopoly legislation in which the organization has been identified as a participant
  
    301-2
    For the subsea production, Material specifications are so strict that no material specifications are complied by recycled materials, therefore 0% of recycled input materials are present in HTS Dynamic AS primary products.
  
    301-3
    0% of products or packaging from HTS Dynamics AS are reclaimed
  
    403-1
    The occupational health and safety management system at HTS Dynamics is an integrated part of the Quality Management System to ensure revision and continuous improvement. Thus also included in review for qualification of suppliers. Processes used to investigate work-related incidents, including the processes to identify hazards and assess risks relating to the incidents are integrated in the Quality management system with same procedure as other non conformances to ensure follow up. Processes in the Quality Management system is certified against ISO9001 Standard. All HTS Dynamics employees are covered by this system. Norwegian  legal requirements; The Working Environment Act and the Internal Control Regulations
  
    403-9
    Annual risk assessments, risk assessments for new equipment and process risk assessments are performed 
Dimensioning risk aspects are highlighted and forms basis for Realistic firs aid training for the Industry safety committee
HTS Dynamics has no reported cases of work-related ill health, but recognizes lifting and work posture as risk areas for work-related ill health, this is also indicated from health surveys                         
  
    403-9
     (See table below)
  
    406-1
    HTS Dynamics AS has not had any reported incidents of discrimination during the reporting period
  
    415-1
    HTS Dynamics As had no Incidents of non-compliance concerning the health and safety impacts of products and services
  
    416-1
    HTS Dynamics AS is a "Build to print" manufacturer. Customer owns drawings and designs and HTS Dynamics AS manufactures after specifications from customer. Lifetime cycle assessments has not been performed and will have to be performed in cooperation with customer as HTS may have limited or incomplete knowledge of higher assemblies and use.
  
    416-2
    HTS Dynamics has had no incidents of non-compliance with regulations and/or voluntary codes concerning the health and safety impacts of products and services 
  
    417-1
    Traceability of parts and assemblies is a great focus area in subsea technology, 100% of products delivered from HTS Dynamics AS are traceable down to material batch from raw material producer. Documented with material certificates containing all substances. Instructions for use are not part of labelling, HTS Dynamics AS is a "Build to print" manufacturer. Customer owns drawings and designs and HTS Dynamics AS manufactures after specifications from customer. Disposal of product is neither part of labelling.
  
    417-2
    HTS Dynamics AS has had no incidents of non-compliance with regulations and/or voluntary codes concerning product and service information and labelling
  
    417-3
    HTS Dynamics AS has had no incidents of non-compliance with regulations and/or voluntary codes concerning marketing communications, including advertising, promotion, and sponsorship
  
    418-1
    HTS Dynamics AS has had no substantiated complaints concerning breaches of customer privacy and losses of customer data

GRI Standard
2.1	Legal Name: HTS Dynamics AS
2.1	Nature of ownership and legal form: Privately owned
2.1	Location:Ing. Rybergs gt 97 N-3007 Drammen
2.1	Country of operation: Norway
2.2	Entities: Entire but only one location, same entity as audited financial statements filed on public record
2.3	Reporting period: 01.01.2022-31.12.2022, same as reporting period for financial reporting. HTS Dynamics AS reports annually
2.3	Publication date: 05.05.2023
2.3	contact point for questions about the report or reported information: anne@htsdynamics.no
2.4	Climate report 2022: for 2020 and 2021 “Steel” parameter general has been used, for 2022 we have obtained a more accurate parameter for our types of steel (chromium steel 18/8 hot rolled) that has a higher value than common steel. This significantly enlarges our emissions from purchased materials. As a consequence of this, the climate budget has been revised.
2.5	Sustainability report externally assured by: N/A
2.6	Value chain: https://www.htsdynamics.no/whatwedo for downstream. Our supply chain can primarily be divided into 2 main groups: • Suppliers of goods • Suppliers of services Mostly supplies of goods is linked to raw-materials, articles to be added to our products, tooling, machines, gases etc. The main suppliers in this category are partners we know from many years back with whom we have contracts based on annual estimated volumes. Often the suppliers can be nominated by the customers, or at least appear at approved vendor lists, and there are stringent quality aspects that apply and are followed up regularly. As other relevant business relationships we will mention 2 entities: • Energy Valley • NOW (Norwegian Offshore Wind) Both are clusters who organise activities and create opportunities and arenas for cooperation, learning and participating in various forums. Typically the objective of being part of such clusters is to help identify opportunities and generate extended business, and especially NOW have a target themselves to accelerate/create a Norwegian supply-chain for the Norwegian offshore wind activities.
2.8	Workers who are not employed: All workers in entity who are not employed are not controlled by the organisation, hired trough sub contractor or supplier with coordination of internal control for larger projects in the building. 1 cleaning personnel worker
2.9	Governance structure, including committees of the highest governance body: The highest governance body of the company is the General Meeting. However, due to the modest size of the organization, the Board of Directors are appointed by the General Meeting and functioning as the de facto highest governance body of the company.
2.9	List the committees of the governance body responsible for the organizations impacts on Economy, environment and people: The Board of Directors are responsible for the company's impact on Economy, environment and people.
2.10	Describe the nomination and selection processes for the highest governance body and its committees: The Board of Directors are appointed by the annual General Meeting.
2.10	The Board of Directors are selected on a criteria of experience, competence and views.
2.11	The chair of the General Meeting is not a senior executive in the organization. The Chair of the Board is currently functioning as the CFO of the organization, due to the small size of the company. There are no conflicts of interests concerning this arrangement.
2.12	The Executive Management (CEO) is responsible for developing and updating the organization's mission, strategies, policies and goals regarding sustainability. The Board of Directors evaluates and approves the strategy on an annual basis.
2.13	The Executive Management consist of the Chief Executive Officer (CEO), the Chief Financial Officer (CFO), the Chief Commercial Officer (CCO), the Chief Compliance and Sustainability Officer (CCSO), Chief Technology Officer (CTO), Chief Manufacturing Officer (CMO) and the Chief Human Resource Officer (CHRO).
2.13	The Executive Management (CEO) reports directly to the Board of Directors at quarterly board meetings. In addition, the Executive Management (CEO) is responsible for drafting the organization's strategic plan, which is approved by the Board of Directors annually.
2.14	The Board of Directors are responsible for reviewing and approving the reported information including the organization's material topics. The tasks related to reviewing and approving are generally carried out in board meetings.
2.16	Internally, critical concerns are reported through a notification process. All Critical concerns are also reported directly to the Board of Directors. There were no critical concerns reported during the reporting period.
2.17	The Executive Management (CEO) regularly updates the Board of Directors on sustainability topics and ongoing initiatives.
2.19	The Board of Directors annually evaluate their performance and competence level.
2.20	There are no remuneration for the members of the General Meeting. The Board of Directors are remunerated by a fixed annual pay.
2.22	Statement from the organization's CEO: "As a manufacturing company in the energy supply chain, HTS Dynamics has a particular responsibility for a sustainable development. However, the ambition goes beyond that of ethics, and since 2020 the company acknowledges that sustainability is also a core success driver for the company's economic engine. Propelling the green shift by minimizing the carbon footprint of the company, and at the same time embracing the energy transition from fossils to renewables, HTS Dynamics is set to take an active role in shaping the new Norwegian industrial adventure and building long-lasting competitiveness. At HTS Dynamics, there is no "sustainability strategy" of its own; sustainable development is embedded in the long-term business strategy of the company, and all strategic actions of the company is evaluated by its outcome on people and planet.
2-26	HTS Dynamics AS has established Routine for reporting objectionable conditions such as: • bullying, harassment or discrimination • corruption and financial fraud such as theft and embezzlement • violation of rules on working environment and social dumping • danger to life and health This routine ensures the possibility to report anonymously .
2-27	HTS Dynamics AS has had no significant instances of non-compliance with laws and regulations during the reporting period
2.28	Energy Valley, Smart Industry, Numeric Brukerforening
2.29	The Executive Management regularly identifies and reaches out to the company's stakeholders, on order to ensure meaningful engagement.
201-1	Operating revenues were 13,7 MNOK in 2022 The company's annual profit was 12 MNOK in 2022
201-4	The SkatteFUNN R&D tax incentive scheme is a government program designed to stimulate research and development (R&D) in Norwegian trade and industry. The incentive is a tax credit and comes in the form of a possible deduction from a company's payable corporate tax. HTS Dynamics received 50466 NOK in tax deduction for the project: automated and digital production of subsea valves
203-1	HTS Dynamics AS has not developed any significant infrastructure investments or services supported.
204-1	HTS Dynamics defines local suppliers as Norwegian suppliers whose value creation is large enough to legally define Norway as country of origin for their products.
205-2	As HTS Dynamics has not established a process for assessing corruption risks 0% of governance body members or employees are trained in anti corruption. The non existing policies and procedures has been communicated to 0% of governance body members, employees or business partners. HTS Dynamics does mention corruption in Code of Conduct and has established notification routines for employees to report e.g. corruption.
205-3	HTS Dynamics AS has no confirmed incidents of corruption. No incidents in which employees have been disciplined or dismissed for corruption. HTS Dynamics AS have no contracts with business partners terminated due to corruption violations. HTS Dynamics AS has no legal cases regarding corruption brought against the organization or employees during the reporting period.
206-1	HTS Dynamics AS have no actions pending or completed during the reporting period regarding anti-competitive behaviour and violations of anti-trust and monopoly legislation in which the organization has been identified as a participant
301-2	For the subsea production, Material specifications are so strict that no material specifications are complied by recycled materials, therefore 0% of recycled input materials are present in HTS Dynamic AS primary products.
301-3	0% of products or packaging from HTS Dynamics AS are reclaimed
403-1	The occupational health and safety management system at HTS Dynamics is an integrated part of the Quality Management System to ensure revision and continuous improvement. Thus also included in review for qualification of suppliers. Processes used to investigate work-related incidents, including the processes to identify hazards and assess risks relating to the incidents are integrated in the Quality management system with same procedure as other non conformances to ensure follow up. Processes in the Quality Management system is certified against ISO9001 Standard. All HTS Dynamics employees are covered by this system. Norwegian legal requirements; The Working Environment Act and the Internal Control Regulations
403-9	Annual risk assessments, risk assessments for new equipment and process risk assessments are performed Dimensioning risk aspects are highlighted and forms basis for Realistic firs aid training for the Industry safety committee HTS Dynamics has no reported cases of work-related ill health, but recognizes lifting and work posture as risk areas for work-related ill health, this is also indicated from health surveys
403-9	(See table below)
406-1	HTS Dynamics AS has not had any reported incidents of discrimination during the reporting period
415-1	HTS Dynamics As had no Incidents of non-compliance concerning the health and safety impacts of products and services
416-1	HTS Dynamics AS is a "Build to print" manufacturer. Customer owns drawings and designs and HTS Dynamics AS manufactures after specifications from customer. Lifetime cycle assessments has not been performed and will have to be performed in cooperation with customer as HTS may have limited or incomplete knowledge of higher assemblies and use.
416-2	HTS Dynamics has had no incidents of non-compliance with regulations and/or voluntary codes concerning the health and safety impacts of products and services
417-1	Traceability of parts and assemblies is a great focus area in subsea technology, 100% of products delivered from HTS Dynamics AS are traceable down to material batch from raw material producer. Documented with material certificates containing all substances. Instructions for use are not part of labelling, HTS Dynamics AS is a "Build to print" manufacturer. Customer owns drawings and designs and HTS Dynamics AS manufactures after specifications from customer. Disposal of product is neither part of labelling.
417-2	HTS Dynamics AS has had no incidents of non-compliance with regulations and/or voluntary codes concerning product and service information and labelling
417-3	HTS Dynamics AS has had no incidents of non-compliance with regulations and/or voluntary codes concerning marketing communications, including advertising, promotion, and sponsorship
418-1	HTS Dynamics AS has had no substantiated complaints concerning breaches of customer privacy and losses of customer data

    Work related injuries
    based on 200,000 hours worked
  
    Rate of fatalities as result of work related injury
    0
  
    The number and rate of hugh consequence work related injuries
    0
  
    Rate of lost time injurie
    0
  
    Rate of recordable work related injurie
    1,68
  
    Total hours worked
    19353
  
    The main types of work related injury
    Cut in hand

Work related injuries	based on 200,000 hours worked
Rate of fatalities as result of work related injury	0
The number and rate of hugh consequence work related injuries	0
Rate of lost time injurie	0
Rate of recordable work related injurie	1,68
Total hours worked	19353
The main types of work related injury	Cut in hand

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