Technology One Limited (ASX: TNE), a company from the software & services sector, disclosed the sustainability report where the company provides the details related to the stakeholders of the company, the approach they take for creating value through responsible business, the customers, the people working for TNE, ethics, values, and transparency, the compliance, the innovation, their corporate social responsibility.
The key stakeholders of the company include the customers, whose principal interest is product performance, quality of service and support and data privacy and security. They get associated with the company through the integrated product & service delivery methodologies, directly related to sales and support and training, linked through the customer community, customer conference and showcases and through the TechnologyOne University.
Employees are the other stakeholders of the company whose key interest lies in their career growth, learning and development, wellbeing, mobility opportunities, social contribution, and equal opportunity. They get linked to the organization through the engagement survey and pulse survey, internal communications, open door policy, TechnologyOne college, hack days village green/townhall meetings, ‘o’ week, TechnologyOne foundation, regional days, wellness weeks, and through family events like kids Christmas party.
Investors are other key stakeholders whose primary interest is in high dividend yields, ongoing profitability, growth risk management, ESG performance, innovation, and new products/solutions as well as transparency. They get linked to the company through the AGMs, half-year & full-year results presentations and roadshows annual reports. They also get connected through the engagement with analysts, ASX announcements and press releases.
And the last key stakeholder of the company is community and environment whose principal interest is in employment and economic contribution, social contribution and the environmental impacts and they get connected to the community through their partnership with the community organizations and the foundation.
The report also covers the approach which they follow to achieve the vision and the mission of the company. They work on the below four theme which includes firstly the customer where the company aims to retain its customers and tries to achieve the customer satisfaction level through data privacy and security. For this, they work on talent attraction and retention, workplace diversity and inclusion, employee engagement and culture, employee training and development regularly and also look towards its people health and wellbeing. The company also focuses on acting ethically and should be transparent towards innovation and compliance to be a responsible business. To be known as successful business, the company also look towards the community investment and education and also look towards the environment as well.
The Mechanism Of TechnologyOne’s Approach To Sustainability
The employee through the research and development develops the company’s product which reaches the end-user/customers through the sales and the marketing team. These end-users and the customers share the feedback through the feedback mechanism of the company to the employees where they understand the requirement of their customers and act accordingly. These customers help in generating the revenue of the company. This year the company made revenue of $54 million. From the revenue generated, 1% goes to the community. The community also receives 1% from the employees as well.
By the end of trading of trading on 18 January 2019, the closing price of TNE share was A$6.65 with the market capitalization of $2.09 billion.
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