The urgency to become sustainable and to reduce the environmental footprint and limit global warming is growing daily.
We at Genexis feel the same urgency and find it our responsibility to conduct the way we do business in a sustainable manner.
Because people deserve fiber, and people deserve sustainability.
Fiber is the most energy efficient solution
There are different communication solutions throughout the world. It is no secret that each of these solutions consume energy. A study done by the IDATE DiGiWorld in 2022 shows that fiber is the most efficient solution when it comes to energy consumption.
More specifically, fiber consumes 3 times less energy than xDSL and 10 times less than 4G access technology. Meaning besides the advantages of fiber itself, deploying a fiber network is very sustainable compared to other broadband technologies.
Gold rating from EcoVadis
In September 2023 Genexis received a gold medal for the EcoVadis sustainability assessment. This shows our growth, as a year ago we proudly receive silver, this year we did even better and received gold.
Meaning we are in the top 6% of all rated companies on EcoVadis (i.e., 500,000+ companies).
EcoVadis is the world’s largest provider of business sustainability ratings, rating more than 500,000+ companies. They rate companies based on four themes: Environment, Labor & Human rights, Business Ethics and Sustainable Procurement.
Signing Code of Conduct on Energy Consumption of Broadband Equipment
As of 2023 Genexis signed the Code of Conduct on Energy Consumption of Broadband Equipment (EU-CoC-BBE). As our products are always on, we see the importance of reducing the power consumption as much as possible and being compliant to the European EU-CoC-BBE. The Code of Conduct is a voluntary commitment for individual companies, with the aim of reducing the energy consumption of products.
This means that from now on, new developed products should be compliant to the same years CoC levels.
We believe that Sustainability is more than the planet, it is also about the people. Therefore we choose to set our targets based on the EGS-Framework, meaning Environment, Social and Governance. Resulting in 15 targets.
With Environment we mean to minimize the climate impact within the organization and throughout the value chain. And elevate innovation and technology for sustainability and circular economy.
With Social we want to maximize potential through a diverse, inclusive and gender equal workplace. And invest in an attractive, healthy and motivating workplace.
With Governance we focus on maintaining a high business ethics and zero tolerance on corruption. And provide secure data solutions with focus on customer integrity
Genexis has a sustainability workgroup to guide, structure and support the sustainability targets throughout the organization. To support our vision throughout the organization, the workgroup consists of a multidisciplinary team.
The main goal the workgroup is to carry out the sustainability vision and, stimulate and support teams to translate this vision into concrete actions for day-to-day business.
One of our workgroup members, Martijn Rooijakkers, is also active in the Sustainability Working Group from the FTTH Council.
One of our goals is to reach a minimum of 55% of total plastics used in final products to consist of recycled plastics by 2026. By using recycled materials, we are helping to reduce waste and decrease our carbon footprint. We believe that small changes can make a big impact and we are dedicated to doing our part to create a more sustainable future.
A big milestone to reach this goal, is that the FiberTwist ONT is made of 90% recycled plastics, while still maintaining the same look and feel. Same product, better for the planet!
100% renewable energy procurement
As Genexis wants to lower its ‘Scope 2’ emissions, we aim for emission-free (renewable) electricity procurement in all our Genexis offices. Emission-free electricity means it is generated without depleting natural resources.
By transitioning to renewable energy, we can significantly reduce our carbon footprint and help to mitigate the effects of climate change. We believe that this commitment not only benefits our company, but also helps to create a more sustainable world for future generations.
Charging stations for electric vehicles
An example of reducing our ‘Scope 3’ emissions is stimulating the use of Electric Vehicles (EVs). Therefore, we want to provide our visitors and employees the opportunity to charge their EV when they come to our office.
To make this possible, we installed four double charging stations for electric vehicles in the parking lot of Genexis HQ in Eindhoven.
So when visiting us, feel free to come in your EV!