Statutory Statement on Corporate Social Responsibility pursuant to Section 99a of the Danish Financial Statements Act
2025
CORPORATE SOCIAL RESPONSIBILITY
Definition
Corporate Social Responsibility (CSR) is the internationally recognised term for companies' responsibility towards society. Throughout this report, we use the term Corporate Social Responsibility. An official definition of Corporate Social Responsibility is provided in Section 99a of the Danish Financial Statements Act:
En officiel definition på samfundsansvar fremgår af Årsregnskabslovens § 99a:
”Corporate social responsibility means that companies integrate considerations relating to, among other things, human rights, social conditions, environmental and climate matters, and anti-corruption into their business strategies and operations.”
Corporate Social Responsibility Policy
At Migatronic A/S, Corporate Social Responsibility is regarded as a natural and integral part of our business principles.
Corporate social responsibility is an integral part of our business activities. At the same time, commercial considerations determine which CSR initiatives we undertake and how they are implemented.
Inspired by the United Nations' 17 Sustainable Development Goals (SDGs), Migatronic A/S continuously implements initiatives aimed at, among other things, improving the working environment for our employees, protecting the environment, and contributing to positive and sustainable social development wherever we conduct business.
TABLE OF CONTENTS
Table of contents
1. Business Model
2. Human Rights and Business Ethics
3. Working Conditions and Employees
4. Social Matters
5. Environmental and Climate Matters
This statutory Statement on Corporate Social Responsibility for Migatronic A/S forms an integral part of the Management Review included in the Annual Report of Migatronic A/S for the financial year 1 January – 31 December 2025.
Statement on Corporate Social Responsibility pursuant to Section 99a of the Danish Financial Statements Act
1. BUSINESS MODEL
Welding Value
Migatronic A/S is one of the world's leading manufacturers of welding equipment and welding automation solutions. Our product portfolio ranges from small portable welding machines to advanced robotic welding systems.
In addition to our physical products, we offer comprehensive customer support, including training, courses, welding demonstrations, service, and technical advice.
Our strategy is centred on creating Welding Value, focusing on delivering additional value to our customers through innovative welding solutions combined with professional service and support.
Technology exists to serve people—not the other way around. Therefore, we place great emphasis on functionality and ease of use. As a result, Migatronic welding machines are recognised for being intuitive and easy to operate.
The production of our products is the area of our business with the greatest potential impact on society. Consequently, we are committed to minimising our environmental and climate impact while ensuring respect for human rights and preventing corruption throughout our supply chain.
Migatronic A/S is the leading supplier of welding machines and welding accessories in the Danish market and has more than 50 years of experience in the development, manufacture, and sale of welding equipment.
We supply products and solutions to companies around the world and are represented through our own subsidiaries in nine European countries and India.
Migatronic A/S Value Chain
Idea & Development -> Supply Chain: Logistics, Procurement, Production -> Sales-> Service
2. HUMAN RIGHTS AND BUSINESS ETHICS
Policy
Migatronic A/S supports and respects internationally recognised human rights conventions.
Migatronic A/S is committed to being recognised as a responsible and trustworthy business partner with a strong focus on ethical, social, and environmental considerations.
The company and its business partners are required to comply with Migatronic A/S's Code of Conduct, which sets out the principles governing how we conduct our business and how we expect our suppliers to conduct theirs.
Migatronic A/S opposes all forms of forced labour and child labour.
Migatronic A/S does not tolerate any form of corruption, including extortion and bribery, as well as any other form of improper payment intended to facilitate business activities or influence business agreements.
Aktivities
Migatronic A/S actively manages its supplier relationships and selects suppliers on a professional and fair basis.
In 2025, all strategic suppliers confirmed their compliance with Migatronic A/S's Code of Conduct within their own organisations and throughout their own supply chains.
For existing suppliers, supplier visits and regular status meetings conducted during 2025 included audits to verify compliance with the company's Code of Conduct.
Suppliers were continuously assessed on, among other things:
As part of Migatronic A/S's onboarding programme, all new employees are introduced to and familiarised with the company's Code of Conduct.
Risks
Migatronic A/S is exposed to the risk that employees or suppliers may fail to comply with the company's Code of Conduct.
Violations of human rights or breaches of Migatronic A/S's anti-corruption principles could, in the worst case, result in legal and financial consequences for the company.
Migatronic A/S recognises that not all suppliers have signed the company's Code of Conduct and that it is not possible to visit every supplier on a regular basis.
Results
During 2025, Migatronic A/S identified no violations of the company's Code of Conduct, nor any breaches of human rights or anti-corruption principles.
Throughout 2025, we strengthened our internal focus on sustainability in relation to supplier management.
2026
All new employees will continue to receive onboarding covering the company's Code of Conduct, including human rights and anti-corruption.
3. WORKING CONDITIONS AND EMPLOYEES
Policy
Migatronic A/S strives to create a healthy and inspiring working environment where employees are provided with tasks and challenges that match their individual competencies and ambitions, while providing excellent opportunities for career development.
We have a stable and loyal workforce that is highly motivated by working in a company where employees can follow the entire journey of a product - from the initial idea through development and production until it is put into operation by the customer.
Migatronic A/S is committed to providing a safe workplace and complies with all applicable occupational health and safety legislation.
Safety and responsibility are fundamental priorities, and all employees are expected to take responsibility for and contribute to continuous improvements while helping to prevent workplace injuries.
Managers at every level are committed to motivating employees by fostering an attractive working environment with a strong focus on both professional and personal development.
Migatronic A/S complies with applicable labour legislation and collective bargaining agreements, including protecting employees' rights to organise and assemble freely and preventing discrimination on the grounds of gender, race, religion, or political affiliation.
Furthermore, the company complies with all applicable statutory and industry standards relating to working hours and remuneration in every country where it operates.
All employees' rights to establish and join trade unions of their own choosing are respected.
Aktivities
Migatronic A/S applies a comprehensive range of HR policies in its daily operations as well as during recruitment and termination processes.
These include policies relating to:
The Workplace Exercise programme applies to all employees at the head office. Employees are encouraged to spend seven minutes of their working day exercising - for example by taking a brisk walk around the factory or performing stretching exercises to relieve physical tension.
Across the organisation, continued emphasis is placed on ensuring that "Employees are encouraged to vary their working posture throughout the working day."
The company continues to invest in office furniture and ergonomic workplace equipment to provide employees with the best possible working conditions and promote job satisfaction.
Within production, employees rotate between different work functions to minimise repetitive work.
During 2025, additional initiatives promoting employee well-being and physical activity were implemented at both the Fjerritslev and Aabybro facilities. These initiatives were organised by the Occupational Health and Safety Organisation in cooperation with the Joint Consultation Committee (SU).
Near misses are registered in Migatronic A/S's internal reporting system and are investigated as quickly as possible to prevent similar incidents from occurring in the future.
Results
A large proportion of Migatronic A/S employees take advantage of the opportunity to either do workplace exercises or walk around the factory in Fjerritslev once a day—in all kinds of weather. The fresh air contributes positively to employee well-being and job satisfaction.
In 2025, six near-miss incidents were recorded.
In 2025, one occupational accident occurred. Occupational accidents are investigated and managed in accordance with the company's internal procedures to minimise the risk of similar incidents occurring in the future.
Mandatory workplace risk assessments (APVs) continued at both the Fjerritslev and Aabybro facilities throughout 2025, and comprehensive APVs were completed for both locations. During the year, the Occupational Health and Safety Committees actively followed up on the workplace assessments.
The Occupational Health and Safety Committees and the Joint Consultation Committees (SU) in Fjerritslev and Aabybro hold an annual joint meeting to strengthen cooperation between the two workplaces.
The company continues the tradition of hosting joint summer and Christmas events for employees in Fjerritslev and Aabybro. More generally, Migatronic A/S has a well-functioning and active employee association.
We are certified in Occupational Health and Safety in accordance with ISO 45001. Through systematic processes for identifying and managing occupational health and safety risks, we continuously improve our working environment.
Risks
The most significant risks relate to occupational accidents.
2026
Our efforts to strengthen collaboration across the Group will continue.
4. SOCIAL MATTERS
Policy
Since the establishment of Migatronic A/S in 1970, social responsibility has formed a natural part of the company's core values.
We recognise that our headquarters in Fjerritslev and our Automation Division in Aabybro play a significant role in the local community. This carries considerable social responsibility, which we proudly embrace in close cooperation with Jammerbugt Municipality.
Migatronic A/S's policy in this area is to contribute to helping as many people as possible clarify and improve their employment opportunities within the framework of our organisation.
Aktivities
Work Placement Programme
Migatronic A/S has maintained a formal partnership with Jammerbugt Municipality since 2000 through an initiative known internally as the Work Placement Programme.
It is important for Migatronic A/S to demonstrate social commitment within the local community by accepting social responsibility through work assessment programmes for people who, due to health-related or social circumstances, are outside the labour market.
The purpose of the programme is to serve as a stepping stone towards part-time employment, full-time employment, flexible employment (flex jobs), or clarification for eligibility for disability pension for people who would otherwise have limited opportunities to obtain employment.
During 2025, Migatronic A/S maintained its expanded internship programme. Throughout the year, interns worked in several departments, including the canteen and production, benefiting both the individual participants and Migatronic A/S.
Migatronic A/S provides the physical facilities and appoints mentors for the programme. Progress is monitored continuously in cooperation with Jammerbugt Municipality.
Each participant's progress is reviewed approximately every four weeks.
The work assessment programme includes a wide variety of practical tasks, including:
Aalborg University
For several years, Migatronic A/S has maintained a constructive and successful partnership with Aalborg University.
This collaboration continued at its usual level throughout 2025.
Among other activities, two tenth-semester students from the Master's programme in Product and Design Psychology completed a project entitled:
"Omega Yard - Analysis of User Scenarios and User Profiles."
Results
Apprentices and Interns
During the year, Migatronic A/S employed several apprentices and trainees and welcomed a number of interns.
One of the two Product and Design Psychology students who completed the university project in collaboration with Migatronic was subsequently employed in the company's Product Management Team.
Education & Training
During 2025, we continued to invest in education and training for production employees.
Training activities included:
A number of our managers and middle managers also commenced further education and professional development programmes.
Risks
All individuals who participate in the Internship Workshop at Migatronic A/S undergo an individual work capability assessment conducted on a professional basis.
However, there is a risk that an individual's work capacity may be assessed as either lower or higher than their actual capabilities.
An inaccurate assessment may result in the individual not progressing appropriately in his or her future working life.
2026
The successful collaboration with Aalborg University will continue. Among other initiatives, we have high expectations for a major joint project with the University focusing on shipbuilding.
Our ambition for 2026 is to welcome even more apprentices, trainees, and interns while, as a minimum, maintaining our current level of activity.
Education and training programmes for employees in production will continue.
At the same time, we will continue the further professional development of management across the organisation.
5. ENVIRONMENTAL AND CLIMATE MATTERS
Policy
Migatronic A/S complies with all applicable environmental and climate legislation and continuously strives to implement improvements that have a positive impact on the environment and the climate by integrating sustainability throughout the entire value chain.
This includes, among other initiatives, continuously developing and improving our products, optimising production processes and logistics - including energy consumption - and focusing on the environmentally responsible disposal and recycling of our products.
Aktivities
Migatronic A/S complies with the RoHS Directive (Restriction of Hazardous Substances), which aims to limit the use of certain hazardous substances in electrical and electronic equipment. In practice, this includes the use of lead-free soldering processes in our production.
Migatronic A/S also complies with the WEEE Directive (Waste Electrical and Electronic Equipment), which requires us to ensure the environmentally sound disposal and recycling of electrical and electronic products in order to minimise the environmental impact of electronic waste.
Migatronic A/S works systematically to separate and recycle waste, including both electronic waste and metal scrap.
Migatronic has no production processes that can be classified as environmentally damaging.
Over the years, Migatronic has continuously invested in environmentally friendly production processes.
All production facilities have obtained the environmental approvals required by the relevant public authorities, and the Group is not involved in any environmental litigation or environmental enforcement cases.
The Migatronic Group is not involved in any environmental proceedings.
We are certified in accordance with ISO 14001, which means that we have implemented systematic processes for managing environmental aspects, ensuring compliance with applicable environmental legislation, improving environmental performance through efficient use of resources, and reducing waste.
Results
We have implemented waste segregation for all waste streams, including electronic waste and metal scrap.
All scrap materials and production waste are sent for recycling.
As in previous years, Migatronic A/S is not classified as an environmentally hazardous enterprise.
Risks
Environmental and climate-related risks are associated with both the production and use of welding machines.
Examples include accidental releases of chemicals during production processes or excessive CO₂ emissions resulting from inefficient operation of production equipment.
Furthermore, the use of welding machines and the improper disposal of electronic waste at the end of a product's life cycle may present environmental risks.
2026
Throughout 2026, we will continue to maintain a strong focus on integrating ESG principles throughout the organisation.