SUSTAINABILITY REPORT CONTINUED
SUSTAINABILITY IN ACTION
Materiality Assessment During the year, the GST carried out an internal review of sustainability-related risks and opportunities to assess whether our current Sustainability Strategy was still effective in its approach, and appropriate to our business operations. This review drew on our Group Risk Register, business risk registers, 2025 TCFD Report, our business model and target markets. A long list of risks and opportunities was generated, which was then shared at sub-divisional level for review and validation. The risks and opportunities identified as high priority were grouped by theme and mapped on to a matrix based on the number of risks and opportunities appearing in each theme. The assessment confirmed to the GST and the Board that the three pillars of our sustainability strategy remain appropriate to support our business.
Our sustainability strategy:
Our sustainability strategy has three pillars: Our Planet, Our People and Our Products, connected to the three aspects of sustainability: environmental, social and economic. Our purpose is to create innovative electronics that help to improve the world and people’s lives, now and in the future. Achieving this over the long term requires managing sustainability-related risks and opportunities across the Group.
Voluntary staff turnover 12% (FY2025: 18%)
Lost Time Incident Frequency Rate
0.16 (FY2025: 0.25)
Planet
People
Products
Resilience focus
Strategic focus
Climate change and environmental transformation
Our Planet
Our People
Our Products
Governance, compliance and reputation
Supply chain resilience and resource management
Electrification
Talent, workforce and succession
Our employees are our most valuable asset. They are responsible for developing innovative solutions, creating high-quality products and services, and building lasting relationships with customers. Their contribution is critical to achieving our long-term success. Our focus areas Maintaining a positive and diverse work environment that fosters creativity, collaboration and teamwork. Ensuring healthy and safe working conditions. Investing in our people through learning and development to ensure employees can grow and thrive.
We understand the urgent need to preserve our planet for future generations and to mitigate the impact of climate change. At discoverIE, we contribute to the transition to a low-carbon economy through our products, which help others reduce their emissions, and through our operations by committing to become a net-zero emissions business. Our focus areas Reducing greenhouse gas emissions and energy intensity. We are targeting SBTi-aligned net-zero emissions for Scope 1 and 2 by 2030 and for Scope 3 by 2040.
We produce high-quality, reliable products that play a critical role in the functioning of our customers’ products, which have zero tolerance to failure, and bring considerable benefits to customers and the environment alike. Our focus areas Product quality and reliability, which are paramount to our customers. Products with long lifecycles, and which are integral to our customers’ systems. Products that support the transition to a low-carbon economy.
Health, safety and wellbeing
Digitalisation, automation and security
Operational focus
Opportunity focus
Number of opportunities identified
The internal review revealed the topics above as important to the sustainable management of our businesses and resilience of the Group. All the topics identified are of high importance at the operating company level. However, due to the decentralised structure of the Group, not all topics are assessed as financially material at Group level, that is, likely to have a material impact on the Group’s financial position or prospects.
We define “material” as any risk with a reasonable probability of impacting the financial position of the Group by £2.3m or more, in accordance with the materiality threshold set for the financial statements and agreed with the Group’s auditors. Those that are believed to have a financially material impact are managed centrally by the GMC and Board. Those that are not financially material at the Group level are managed locally at the operating business level, in line with our decentralised approach.
The Board has set targets for each pillar in our sustainability strategy. These are described in more detail in the Sustainability in Action section on pages 49 to 55. The operating businesses’ performances against the targets are incorporated into the annual bonus process, with a proportion of annual bonus contingent on achieving those targets.
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discoverIE Group plc Innovative Electronics
Annual Report and Accounts for the year ended 31 March 2026
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