Magnus Monitors aims to build durable commercial value while reducing environmental impact, supporting responsible supply chains, and maintaining sound governance.
This ESG, Sustainability and Investment Strategy sets out how Magnus Monitors Ltd. considers environmental, social and governance factors when running the business, selecting suppliers, developing products, and making material business investment decisions.
This is a corporate strategy document. Magnus Monitors is not presenting this policy as a regulated financial product, investment fund, or investment advice document.
This strategy applies to Magnus Monitors' operations, products, services, procurement, supplier relationships, capital expenditure, product development priorities, and business partnerships. It applies to directors, employees, contractors, and managers involved in planning, purchasing, supplier management, product decisions, and investment decisions.
Magnus Monitors will use the following principles to guide ESG and sustainability decisions:
Magnus Monitors designs and supplies monitoring technology that can help customers understand tank levels, usage patterns, refilling needs, and remote asset status. Used appropriately, better monitoring can help reduce unnecessary site visits, prevent avoidable run-outs, support more efficient logistics, and improve operational visibility.
We will seek to reduce the environmental impact of our own activities by considering energy use, packaging, transport, repairability, product durability, battery life, responsible electronic component sourcing, waste reduction, and end-of-life handling when making product and supplier decisions.
We are committed to lawful, fair, and respectful working practices. This includes fair recruitment, appropriate working conditions, non-discrimination, respect for privacy, health and safety awareness, and support for people who raise concerns in good faith.
Our social priorities also include responsible customer support, product reliability, accessibility of information, responsible data handling, and supply chain standards that prohibit forced labour, human trafficking, unlawful child labour, harassment, and unsafe working conditions.
Good governance underpins this strategy. The directors of Magnus Monitors have overall responsibility for ESG oversight, with day-to-day implementation led by relevant managers across product, operations, procurement, finance, and customer-facing teams.
We will maintain proportionate controls for legal compliance, financial stewardship, anti-bribery expectations, data protection, cybersecurity, conflicts of interest, supplier review, risk management, and record keeping. Material ESG risks should be escalated to management for review.
When Magnus Monitors makes material business investments, including product development, manufacturing commitments, equipment purchases, service infrastructure, supplier partnerships, and operational projects, we will consider ESG factors alongside cost, performance, quality, security, customer value, and commercial risk.
Where relevant, investment decisions should consider:
Magnus Monitors will avoid knowingly investing company resources in suppliers, projects, or partnerships that involve modern slavery, human trafficking, unlawful child labour, bribery, corruption, serious environmental harm, deliberate misuse of customer data, or repeated disregard for applicable labour, environmental, or safety law.
Where a concern is identified, we may seek clarification, require corrective action, suspend the relationship, or end the relationship depending on the severity of the issue and the supplier's response.
We expect suppliers and business partners to operate ethically, comply with applicable laws, respect workers' rights, manage environmental impacts responsibly, and provide accurate information when asked about labour, sourcing, environmental, or governance practices.
For higher-risk or strategically important suppliers, we may request ESG, quality, modern slavery, conflict minerals, environmental, cybersecurity, or compliance information before onboarding or renewing a relationship.
Magnus Monitors will monitor relevant sustainability and reporting developments in Ireland and the European Union, including the Corporate Sustainability Reporting Directive where applicable, the EU Taxonomy as a reference for sustainable economic activity, and recognised responsible investment principles where useful for internal decision-making.
We will avoid claiming formal alignment, certification, or regulatory status unless that position has been assessed and approved by the company.
As the business grows, Magnus Monitors intends to improve the quality of ESG information it tracks. Potential indicators may include product reliability and return rates, repair or replacement patterns, logistics efficiency, supplier review completion, waste handling, energy use, customer support responsiveness, employee welfare indicators, and material compliance issues.
Measures should be proportionate to the size and stage of the business and should support better decisions rather than reporting for its own sake.
Any public sustainability, ESG, environmental, or impact claim should be accurate, specific, supportable, and not misleading. Magnus Monitors will avoid vague or exaggerated statements about sustainability performance and will seek to distinguish between actual performance, current intentions, and future goals.
The directors have overall responsibility for this strategy. Managers responsible for product development, procurement, operations, finance, and customer services are expected to apply the strategy in relevant decisions and escalate material ESG risks or opportunities.
This strategy will be reviewed at least annually and may be updated earlier where there are material changes to our business, supply chain, products, sustainability risks, applicable law, or stakeholder expectations.
This website is owned and operated by Magnus Monitors Ltd. We are registered in Ireland under registration number 608345, and our registered office is at Unit 39, Briarhill Business Park, Ballybrit, Galway.