Infobric is a construction software company with a purpose to enable a safe, resource-efficient and sustainable construction industry. The company offers end-to-end construction software products for workforce- , contractor- , equipment- , and asset management. The company was founded in 2004 and has become the market leader in Sweden, Norway, and UK by delivering high quality solutions. Infobric has also started to build presence in several other countries.
Infobric
Overview
Infobric at a glance
Key developments 2022
Infobric continued growing in 2022 with 16% recurring revenue growth and high cross-sales levels increasing ARPC1 by 15% on the back of continued integration work. Infobric launched new products, including the subcontractor portal which already has 960 onboarded customers. The company`s M&A agenda continued with signing of Hymra and a strong pipeline in to 2023.
Sector
Construction software
Location
Sweden
SDG aligment
Revenue (SEKm)
Change from '21-'22
2022
+0%
632
2021
565
2020
484
Environmental
Carbon intensity: Tons CO₂e per EUR m revenue
Total tons CO₂ emitted
Change from '21-'22
2022
-0%
2 735
2021
2 859
2020
2 419
Monetized climate impact
-EURm
The figure represents the monetized value the company has on the environment. See chapter 4 for methodology.
Social
Full time employees
Turnover9%
Unadjusted gender pay gap24%
Gender balance, % females
%
Board
%
Management
%
All employees
Monetized employment impact
EURm
The figure represents the monetized value the company has as a quality employer. See chapter 4 for methodology.
Governance
Via Summa Compliance
%
✔ Code of conduct
✔ Supplier code of conduct
✔ Economic Sanctions
✔ Competition Law/Antitrust
✔ Data Protection/IT Security
✔ Anti-curruption
✔ Whistleblower
Science Based Targets
Infobric is in the process of submitting and validating Science Based Targets with expected validation in 2023.
Impact KPIs and targets
Infobric has developed a new set of Impact KPIs and targets which will be implemented in 2023.
Diversity
Infobric has strengthened gender diversity in the board and management, with 40% board gender diversity and 30% female representation in the management.
What are the challenges Infobric addresses?
>0%
of all fatal accidents at work in the EU occurs in the construction industry
0%
productivity growth in construction sector in last two decades is lowest among all industries
How does Infobric help?
Reality today
The construction industry is defined by high rates of workplace accidents, limited labor rights, and slow growth and low efficiency compared to other industries.
Infobric approach
Infobric’s digital solutions radically improve management of construction workers and equipment, helping reduce workplace accidents, fraud and undocumented labor, while contributing to drive environmental impact for customers.
Aspirational future
The construction industry is safe and supportive for workers, sustainable for the environment, and free of fraud with higher degree of productivity.
What impact does Infobric create?
Active sites
2022
33k
2021
33k
2020
34k
As Infobric explored their impact potential, the following Impact KPIs were identified and will be reported in the 2023 report:
Zero-accident workplace
New Impact KPI: Reduction in occupational
accidents at Infobric sites
Fair competition
New Impact KPI: Reduction in contractors
flagged for unsound business practices
Who is impacted?
Construction workers, including full-time and contract labor, are protected when companies use Infobric’s solutions. Society at large also benefits as the construction industry adopts less fraudulent and more sustainable practices.
What are the impact considerations?
Additionality
As one the largest players within construction tech in the Northern Europe, Infobric is is uniquely positioned to support the transition in the construction industry towards safety, efficiency, and sustainability.
Risks
Infobric manages personal data, which makes safeguarding data privacy and security of paramount importance. Illicit use, and/or back solving the software, while unlikely, are potential scenarios for non-compliance with legislation.