Our second ESG report builds on the foundation we established in 2024. This year, we move from baseline to progress – documenting concrete steps taken, lessons learned, and the targets we are working towards. We hope you will enjoy reading it!

2025 was a year of significant change for Spica Technology. A new partnership, a full year in new facilities, growing activity levels, and continued development of our ESG work. All at the same time. This article summarises the key findings from our second voluntary ESG report, for those who want an accessible overview without reading all 35 pages.

A new chapter: Partnership with Ernströmgruppen

The most significant milestone of 2025 was the acquisition of 80% of Spica Technology by Ernströmgruppen AB, effective January 1. Ernströmgruppen is a Swedish family-owned industrial group with more than 100 years of history, focused on sustainable growth and innovation.

This partnership has brought structural changes to how we operate and report. As part of Ernströmgruppen’s Automation & Electrification business area, Spica Technology now reports ESG data through the group’s reporting system, Position Green, in addition to publishing this standalone report. A formal Board of Directors was also established during 2025, consisting of one Chairman and three members representing ownership, operational, and strategic perspectives.

Despite the increased reporting obligations, our commitment to transparency remains unchanged. We continue to publish this report because we believe in open communication with our customers, suppliers, and employees.

Environment: A more complete picture

Total CO₂e Emissions

Our total CO₂e emissions for 2025 were 4,629.07 tonnes – a significant increase compared to 53.96 tonnes in 2024. However, this number requires context: the increase is not the result of greater environmental impact, but of a more complete dataset.

In 2025, we included raw material data from our supply chain in our Scope 3 calculations for the first time at this scale. Procurement-related emissions now account for 99.48% of our total footprint – which is expected as supplier data matures and becomes more comprehensive.

Looking at Scope 1 and Scope 2, where our operational control is most direct, the picture is one of genuine improvement:

• Scope 1 (company vehicles): Decreased from 18.53 to 7.38 tonnes CO₂e, driven by the transition from fossil-fuel vehicles to electric alternatives.
• Scope 2 (energy in facilities): Decreased from 17.03 to 11.42 tonnes CO₂e, thanks to improved utilisation of our on-site solar panels.
• Scope 3 (supply chain and employee transport): Increased from 18.39 to 4,610.28 tonnes CO₂e, reflecting the inclusion of raw material emissions data.

Solar energy and renewable sources

Renewable energy now represents 82.64% of our total energy consumption, and renewable electricity accounts for 89.29% of our electricity use. Our solar panel installation generated 83,500 kWh of renewable electricity during 2025 – equivalent to saving 60.05 tonnes of CO₂e, or the absorption capacity of approximately 1,090 trees.

Supplier data: Measurable progress

Improving supply chain transparency has been one of our most important focus areas. In 2025, we managed 1,867 active item numbers in our ERP system. Of these, 505 – or 27% – now include ESG data on raw materials. This represents an increase of 19.3 percentage points compared to 2024, and confirms that our approach to supplier collaboration is working.

We still have a way to go. Data limitations mean that our economic CO₂e intensity is currently reported as zero, not because emissions are absent, but because the data foundation is not yet complete enough for a reliable calculation. We are committed to improving this over time.

Waste and water

Total internal waste was reduced by 78%, from 17.94 tonnes in 2024 to 3.94 tonnes in 2025. This is partly driven by improved waste management practices and internal initiatives to reduce food waste. Zero percent of our waste was classified as hazardous.

Water consumption stood at 125.43 m³ and is limited to secondary use such as sanitation and cleaning. Water is not used in our production processes.

Social: People at the centre

A growing and satisfied team

Spica Technology employed 26 full-time equivalent (FTE) employees in 2025, up from 23 in 2024. Employee satisfaction reached 100%, compared to 84% the previous year – a result we are proud of, while also acknowledging that changes in survey methodology may affect direct comparability. From 2026, we will implement a standardised survey approach to ensure more consistent data going forward.

Employee turnover was 18.52%, corresponding to a retention rate of 81.48%. Sick leave averaged 1.84%, a slight increase from 1.34% in 2024, but still at a low level. We continuously monitor absence as part of our broader focus on preventive workplace health initiatives.

Health, safety, and wellbeing

In 2025, Spica Technology recorded zero occupational accidents and zero fatalities. This reflects how we work with workplace safety in practice: through preventive risk management and a continuous focus on safe working environments across production, testing, and office functions.

Our SpicaMotion initiative continues to be a valued part of the workday. Employees are allocated 15 paid minutes for social breaks and an additional 15 minutes for exercise or mindfulness during working hours. Ergonomic support, individual workstation assessments, and access to resistance bands complement these initiatives. Beyond the workplace, we support physical and mental well-being externally through contributions to organisations such as Danske Hospitalsklovne.

All employees receive compensation at or above applicable minimum wage levels, and we operate under Industriens Overenskomst – the Danish industrial collective agreement – ensuring structured employment conditions, paid vacation, pension contributions, and access to a flexible benefits account.

Gender diversity

Gender diversity improved in 2025. 37% of employees were women and 63% were men – a positive trend compared to previous years. At management level, female representation increased from 0% to 20% following the establishment of the Board of Directors. We see diversity as contributing to better decision-making and stronger solutions, and we will continue to develop our approach in the years ahead.

Outstanding apprentices

2025 was a particularly proud year for our apprenticeship programme. Two apprentices completed their final exams with outstanding results:

• Tobias Jakobsen received the official trade medal within the electrician programme, achieving top grades (12) in both practical and theoretical assessments.
• Camilla Bech Thomsen completed her International Sales exam with top grades (12), including the highest possible evaluation for her final project.

Her work also contributed to Spica Technology receiving the local nomination for “Most Innovative Apprenticeship Company 2025” – a recognition we are proud to carry.

We also celebrated long-term commitment within the team: one colleague marked a 10-year anniversary and two colleagues celebrated 15 years with Spica Technology in 2025.

Governance: Structure and accountability

A strengthened framework

Governance was significantly strengthened in 2025. The formal establishment of a Board of Directors and the integration into Ernströmgruppen brought with it a group-wide Code of Conduct, covering ethical business practices, integrity, compliance, and responsible conduct across all activities.

A whistleblower scheme is now in place through Ernströmgruppen, enabling employees and external stakeholders to report concerns related to misconduct or breaches of policies in a confidential and secure manner.

Spica Technology maintains a strict zero-tolerance policy on bribery and corruption. In 2025, no cases or legal rulings related to either were identified.

Cyber security

Our IT infrastructure is protected through advanced cyber security solutions, including firewalls, continuous monitoring, and three independent backup systems. Awareness training has been introduced to strengthen employee understanding of cyber risks – recognising that human behaviour is as important as technical systems in maintaining data security.

Customer and supplier satisfaction

Our Net Promoter Score (NPS) from customers increased from 77 in 2024 to 85 in 2025, based on a 23% survey participation rate. This reflects a high level of trust and satisfaction with our solutions.

Supplier NPS increased from 42 to 69, reflecting strengthened collaboration and improved relationships. Strong supplier partnerships are essential not only for operational performance, but also for improving ESG data quality within Scope 3.

The CEO-to-median-employee salary ratio was 2.21 in 2025, disclosed as part of our commitment to pay transparency.

Looking ahead: Goals for 2026 and 2030

2026

Our key goals for 2026 include:

• ISO 9001 certification, to formalise quality management processes and ensure consistent delivery and continuous improvement
• Further development of waste data collection and documentation
• Strengthening of internal compliance frameworks through a dedicated compliance resource to be added during the year

2030

Our long-term targets remain in place:

• ISO 14001 certification for environmental management
• ISO 27001 certification for information security
• Transition to a fully electric company vehicle fleet (with defined operational exceptions for heavy towing)
• Implementation of sensor-based energy optimisation and improved ventilation systems
• Exploration of opportunities for reuse of secondary heat

ESG as part of how we work

Our ESG report is voluntary. We are not required to publish it under current Danish legislation. We choose to do so because transparency is how we build trust: With the companies we work with, the people who work here, and the sector we are proud to serve.

The wind industry is undergoing rapid development. Across Europe, 19.1 GW of new wind capacity was installed in 2025, and the complexity of the energy system continues to grow. For Spica Technology, this is both context and motivation. We are here to deliver reliable solutions that support the energy transition – and we believe that how we operate matters as much as what we produce.

2025 was a year of execution. 2026 will be a year of continued progress.

Want to read the full report? Find the Spica Technology ESG Report 2025 here. For questions about the report or our ESG data, please contact Marketing Manager Anja Kirstine Feldberg at akf@spicatech.dk or +45 53 73 87 72.