The eye-tracking company Tobii is one of the larger Swedish companies that will be affected by the new CSRD rules as early as 2024 and needs to rethink its sustainability reporting. Stratsys' comprehensive support, from data collection to reporting, gives Tobii the necessary tools to comply with the EU's strict sustainability requirements.
Towards a future with better data collection and reporting
Since developing the world's first remote eye tracker, tech company Tobii has continued to develop innovative technology. The publicly listed company is behind attention computing - a collection of technologies that allow tech products and devices to understand people by interpreting what we say and how we move. With over 600 employees and a turnover of SEK 776 million (2022), Tobii is one of the larger Swedish companies that will already be affected by the new EU CSRD directive in the financial year 2024, which imposes stricter requirements on sustainability reporting.
Tobii's Sustainability Manager, Mitali Sahni, explains the challenges associated with sustainability work that led them to look for system support:
- Like any other company required to report under CSRD, we at Tobii faced challenges, mainly around fragmented data collection and reporting processes. This made it difficult to streamline and integrate information for comprehensive sustainability reporting.
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Mitali Sahni, Sustainability Manager at Tobii
Stratsys - for data collection and strategic CSRD reporting
The comprehensive support offered for the entire process in one tool - from dual materiality analysis to report production - is what made Tobii choose the Stratsys sustainability product. Mitali tells us more about the expectations for Stratsys:
The platform's capabilities will increase transparency and accountability in our sustainability initiatives.
- We believe Stratsys will facilitate CSRD compliance by providing a centralized platform that streamlines data collection, ensuring accuracy and timeliness in meeting reporting requirements. The platform's capabilities will increase transparency and accountability in our sustainability initiatives.
Efficient reporting, increased automation and measurement accuracy
The potential benefits of using Stratsys also enable a strategic approach to CSRD reporting, says Mitali:
- By integrating both data management and strategic planning, Stratsys allows us to identify trends, set meaningful sustainability goals, and align our efforts with our long-term objectives. Data traceability is another benefit that will help us track changes in the coming years.
As a global company operating worldwide, all of the company's underlying entities will also be reporting in Stratsys, which will lead to major benefits both in the short and long term, according to Mitali:
- In the short term, the use of Stratsys is expected to improve the efficiency of our CSRD reporting, reduce manual efforts and improve data accuracy. In the long term, the platform is expected to foster a culture of continuous improvement in sustainability practices, positively impacting our data management and resilience in the face of changing regulatory landscapes.
Learn more about how Stratsys' Sustainability product can help with your CSRD reporting.
