IoT is sustainable business

Our sustainability approach is based on economic, environmental and social performance. The key stakeholders include customer, partners, personnel and investors.

Wirepas is committed to carrying out its business in a sustainable way. In order to promote the long-term interests of Wirepas and its stakeholders, the company strives to maintain the highest legal and ethical standards in all its business practices.

As we operate in software business with a licensing model, our operations don’t cause significant environmental impact. The most important emissions are caused by travel.

We strive to offer our employees a safe, equal and motivating work place. Wirepas promotes freedom from discrimination based on race, ethnic or national origin, gender, family status, sexual orientation, creed, disability, age or political beliefs, or other characteristics protected by law. Wirepas fosters equal opportunity and employees are selected and treated based on their abilities and merits. Wirepas does not accept any form of discrimination, harassment or bullying from its employees.

From a financial point of view, sustainability approach is based on growth and profitability, which in return enable us to pay salaries to our employees and creates shareholder value. All business and other activities of Wirepas shall be carried out strictly in compliance with all applicable laws, and under the principles of good corporate citizenship in each country where such activities take place.

The impact of our product

Our products enable improvements in energy and material efficiency. At the core, the basic idea of IoT is quite simple. It is all about collecting data and using it to learn how to do things better. This is what people have always been doing. One could call it human evolution. To be able to learn we need data, and this is precisely what IoT is about – getting data which was not available before and in volumes that were not available before.

The difference that the IoT brings, is in the scale and speed. With IoT we can get instant feedback of our actions and we have access to an unprecedented amount of data, which in return will almost certainly reveal patterns we were not aware of before. IoT holds great potential in terms of efficiency and new services – in terms of making the world a better and more sustainable place.

One of the biggest benefits that IoT offers is the possibility to program and re-program the physical assets around us. This helps to prolong the lifetime of hardware, but even more importantly it enables it to adapt to the changing operating environment as we learn more.