INTERESTS AND VIEWS OF STAKEHOLDERS

Results of stakeholder survey conducted in 2022 were considered during the double materiality assessment process. The survey focused on customers of FORCIT Explosives and FORCIT Consulting. The results of the survey highlight the following interests and views:

Priorities of stakeholders in order of highest priority

Security of supply

Quality

Price and cost effectiveness

FORCIT’s impact on customers’ worksite safety

FORCIT’s internal occupational safety

Impacts on environment and climate

FORCIT’s employee satisfaction, ethics, and moral

Other insights

Expectations for sustainability towards FORCIT Group are more advanced in Norwegian and Swedish markets compared to Finland. Safety matters are valued very high: importance of sustainability will increase, and more concrete requirements will rise in the medium and long term.

Demand for more sustainable products, especially nitrogen free products, will increase. The industry must continue to evolve in order to establish business models that not only support sustainability but also align with customer preferences and drive profitability for providers.

Benefits for customers

Reliable safety

Our solutions prioritize the safety and reliability of our customers. By incorporating advanced technology and rigorous testing procedures, as well as training our personnel, the company ensures that their explosive solutions are among the safest in the industry. This results in reduced risks and enhances operational efficiency for our customers. We design reliable, safe products with a focus on reducing environmental impact. Aware of our footprint, we take cost-effective, practical steps that make a real difference.

Enhanced operational efficiency and reduced emissions

Through continuous innovation, we have developed products and services that optimize operational efficiency. The solutions are designed to minimize downtime and maximize productivity, providing customers with a competitive edge in their respective industries.

Customized solutions

We understand that each customer has unique requirements. As such, we offer tailored solutions that address specific needs and challenges. This personalized approach ensures that customers receive the most effective and efficient services possible, leading to increased satisfaction and loyalty.

Committed support and training

In addition to providing top-quality products, the company offer comprehensive support and training services. This empowers customers to effectively utilize the company solutions, resulting in improved outcomes and a more profound understanding of the product usage.

Sustainability and environmental responsibility

We are committed to sustainability and environmental responsibility. We design our products to be reliable and safe, while actively seeking to reduce their environmental footprint. Aware of our impact and the means to minimize it, we take a practical approach that considers cost. We focus on changes that truly matter for the environment. This commitment to sustainability resonates with customers who prioritize eco-friendly practices.

Benefits for shareholders

Strong financial performance

FORCIT Group has consistently demonstrated strong financial performance. The company’s robust growth in topline and profitability are indicative of its solid market position and effective business strategies.

Innovative product portfolio

Our diverse and innovative product and service portfolio sets it apart from competitors. By continuously investing in research and development, we ensure that we remain at the forefront of technological advancements in the explosive industry.

Close partnerships and collaborations

FORCIT Group has established strategic partnerships and collaborations with key industry players. These long-term partnership agreements enhance market presence and create opportunities for growth and expansion. Owner benefit from the increased market reach and strengthen brand reputation resulting from these partnerships.

Reliable and ethical business practices

FORCIT Group operates with transparency and focus on to ethical business practices. This commitment to integrity builds trust with shareholders, who value dedication to governance, compliance, and corporate responsibility.

Long-term growth potential

FORCIT Groups focus on innovation, market expansion, and customer satisfaction positions it for continued success and profitability.

Benefits for other stakeholders

Community development and engagement

We take local communities into account in our safety assessments and emergency response plans, and provide modest support to local organizations working with children, such as youth sports teams.

Employment opportunities and workforce development

The company is a significant employer, providing numerous job opportunities across various regions. FORCIT Group is dedicated to workforce development, offering training and career advancement programs that enable employees to grow and succeed within the organization.

Industry leadership and advocacy

As a leader in the explosive industry, FORCIT Group advocates for best practices and drives positive change. The company participates in industry associations, contributes to policy development, and promotes safety standards. This leadership benefits stakeholders by fostering a safer and more efficient industry landscape.

Environmental stewardship

FORCIT Group’s commitment to environmental stewardship extends beyond its products. The company implements sustainable practices across its operations, including waste reduction, energy efficiency, and resource conservation. Stakeholders benefit from the company dedication to preserving the environment for future generations.

Innovation and technological advancement

By spearheading innovation and technological advancement, FORCIT Group contributes to the overall progress of the industry. Stakeholders, including suppliers, partners, and customers, benefit from the advanced solutions and improved methodologies developed by the company.