d-orbit: Impact report

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1 d-orbit: Impact report

2 Table of Contents D-ORBIT S VISION AND MISSION, AND BUSINESS DESCRIPTION B-CORP DESCRIPTION, IMPACT REPORT DESCRIPTION 2016 B-IMPACT REPORT ENVIRONMENT WORKERS COMMUNITY GOVERNANCE FEEDBACK

3 D-Orbit s vision, mission and business description Vision Moving people and assets to enable affordable business and human expansion in a sustainable space. Mission To define the new standard of satellite constellations management by developing self-decommissioning platforms and satellites and launcher stages innovative components to streamline the initial and the final phase of the mission for an effective orbital transfer, reducing systems complexity and cost of operation, and increasing lifetime, reliability, and revenues. Business description D-Orbit is a New Space company providing products and services covering all phases of a space mission, from mission analysis and design, to launch, deploy, in-orbit operations, and decommissioning. D-Orbit products and services deliver clear economic benefit to their users while reducing and mitigating the impact of space business: better business, better space. Our products are D-Orbit Decommissioning Device (D3), D-Raise, InOrbit NOW and Fenix. D3 is an independent, smart propulsive device specialized in executing direct and controlled decommissioning maneuvers in a mass-efficient and cost-effective way at the end of the mission or in case of major malfunction of any type or size of satellites and launcher stages from any type of orbit. D3 enables operators to extend a space mission by allowing full use of onboard propellant. It is fully compliant with international space debris regulations, and helps operators of constellations to cleanly remove satellites at the end of life, maintaining their orbits clean from uncontrolled satellites and reducing collision risk. InOrbit NOW is a launch and deployment service designed to transport CubeSats to space and release them into precise, independent orbital slots thanks to ION, a CubeSat carrier operated by D-Orbit. ION packs a combination of 1U, 2U, 3U, 3U+, 6U, and 12U CubeSats in a self-decommissioning transportation platform designed to reduce vibrations and shock levels during launch. Once in space, ION operates as an independent spacecraft, releasing each CubeSat in its independent orbital slot with attitude, pointing, and impulse defined by the client. InOrbit NOW enables everyone, including smaller operators, to start space missions quickly and in optimal operational conditions. Our catalog includes add-on services like mission analysis and design, platform engineering, software development, acceptance testing, and transportation to provide additional support to clients without the necessary know-how.

4 B-Corp definition, impact report description B-Corp Definition A benefit corporation is a for-profit corporate entity committed on delivering benefits to all the stakeholders: customers, society, workers, suppliers, the community and the environment in addition to profit as part of its programmatic goals. The B-Corp certification is a third party validation of the company s positive impact with respect to the stated goals. As a B-Corp, D-Orbit is dedicated to making its business a force for good, optimizing both economic performance and social impact in order to improve the environmental capital. D-Orbit places equal emphasis on three pillars: profit, benefit, global impact. Our products are designed to solve global challenges with a high social impact. Our internal organization leverages the value of people and the positive relationship with all our stakeholders. D-Orbit is one among the first European company to be registered as Benefit Corporation, and the first certified aerospace B-Corp worldwide. Impact Report Description This report, written under the terms and conditions established by the Italian law n.208 legge di stabilità (28/12/2015), presents D-Orbit s 2016 positive impact achievements. The appraisal areas, as established by the B Impact Assessment (BIA) that D-Orbit adopts as third party evaluation standard, are: ENVIRONMENT COMMUNITY WORKERS GOVERNANCE CUSTOMERS

5 2016 b-impact report COMPANY SCORE MEDIAN SCORE ENVIRONMENT WORKERS CUSTOMERS COMMUNITY GOVERNANCE OVERALL N/A N/A full report I 2016 full report Target score 2017: 100pt

6 environment Energy Efficiency: 100% LED illumination; Carbon Impact: 50 CO 2 ton saved thanks to extensive usage of public transportation; Water Management: Adoption of water consumption reduction technologies at company s production venue. Granted Best for the world Environment in 2015 and 2016 by B-Lab 2017 Objectives Reduce 5% electricity consumption by the end of 2018 Reduce 5% heating consumption by the end of 2018 Reduce 5% water consumption by the end of 2018

7 workers Team Growth: Increase of 60% in the number of employees from 2015 (15) to 2016 (24); Flexibility: D-Orbit team members are empowered to define their working schedule around their needs; Telecommuting: The company offers the possibility to work remotely to accommodate family and personal needs; Training: D-Orbit invests in the development of its personnel. The course of 2016 team members received a combined 270 hours of training Objectives Improve employee knowledge in job-related areas (KPI: People training time > 16h/person) Improve employee engagement (KPI: People satisfaction = 2, out of 4) 1 1 D-Orbit calculates people satisfaction via a 360 evaluation, offering the possibility to perform an evaluation of the employee coming from peers and direct reports. The formula used for this evaluation is: Satisfaction = Σ employee satisfaction score Total number of employees

8 community Contribution to local economy: 45% of suppliers were selected within 322 km from the production venue; Contribution to education: project Alternating School-Work with schools in the Lake Como area. Objectives: disseminate information about B-Corps and themes such as innovation, entrepreneurship, space engineering; Contribution to adoption of the Benefit corporation model: 3 thesis in which D-Orbit has been a case study in innovation and in the B-Corp model applied to space; Contribution to the community: every employee has available a limited, paid, period of time each year for volunteering activities. Number of customers: 6 (ESA, Airbus, European Commission, ASI, MPCommunication and CESI) Objectives Set up a bi-directional feedback system between D-Orbit and independent suppliers (KPI: Supplier satisfaction: %); Set up an evaluation methodology for suppliers that include also social and environmental performance (KPI: 50% of suppliers screened within 2017); Improve the involvement and awareness of employees in relation to the B-Corp movement (KPI: B-Corp training evaluation: effective). Set up a Customer satisfaction - engagement analysis to evaluate projects (KPI: 100% of projects evaluated against customer satisfaction).

9 governance Sharing: D-Orbit practices sharing of time, ideas, tools and documents as instrument for improving relations among the people, company productivity and internal capability of innovation. D-Orbit has changed its status to become Società Benefit (Benefit corporation) on the 26 February As a Società Benefit, the company also intends to pursue one or more common benefits and act in a responsible, sustainable and transparent way to people, communities, territories and the environment, cultural and social activities, organizations and associations and other stakeholders. [...] In a sustainable society, nature is not subject to systematically increasing: CONCENTRATION OF MAN-MADE OBJECTS IN SPACE; CONCENTRATIONS OF SUBSTANCES EXTRACTED FROM THE EARTH S CRUST; CONCENTRATIONS OF SUBSTANCES PRODUCED BY SOCIETY; DEGRADATION BY PHYSICAL MEANS; AND PEOPLE ARE NOT SUBJECT TO CONDITIONS THAT SYSTEMATICALLY UNDERMINE THEIR CAPACITY TO MEET THEIR OWN NEEDS Objectives Improve awareness of business finance of all the staff. (KPI: Business finance training evaluation: effective).

10 Feedback Being a B-Corp is an important part of our corporate identity, and this is why this report is so important for us. We d really like to know what do you think about it, so we prepared a very short survey to understand how to improve our objectives and the way we present them to the public. The survey is online at the URL below, and it takes only a couple of minutes to fill in. Thank you in advance for doing this, it means a lot to us. it.surveymonkey.com/r/cvjbdfh We value transparency. Should you have any doubts or questions, please do not hesitate to get in touch with us! You can write at: matteo.trotti@deorbitaldevices.com. Uses of Information Any personal information submitted to us through the submission of the questionnaire is optional and we use it solely for the purpose for which it is collected or for communicating with you regarding the services. At a minimum we ask for your name and address so that we may communicate with you.

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