Sustainability Report 2025
SEE
O U R F I R S T V S M E S U S T A I N A B I L I T Y D I S C L O S U R E
Sustainability
Report 2025
A transparent look at how Proxiad SEE performs on environmental,
social and governance measures — prepared under the EU's Voluntary
Sustainability Reporting Standard for SMEs (VSME).
R E P O R T I N G P E R I O D
Jan – Dec 2025
S C O P E
Sofia · Plovdiv ·
Skopje
B A S I S
Consolidated,
4 entities
A T A G L A N C E
Technology empowered by people,
measured honestly
This is Proxiad SEE's first sustainability report, covering our consolidated operations across Bulgaria and North Macedonia for the 2025
calendar year. We publish it for the same reason we work with our clients: because durable partnerships are built on transparency, not polish.
The figures on the following pages are drawn directly from our audited VSME disclosure.
260
EMPLOYEES ACROSS OUR
NEARSHORE DELIVERY CENTERS
3
OFFICES — SOFIA, PLOVDIV AND
SKOPJE
€14.4M
CONSOLIDATED TURNOVER, FY
2025
44.78tCO2e
TOTAL LOCATION-BASED
GREENHOUSE GAS EMISSIONS
0
WORK-RELATED ACCIDENTS AND
FATALITIES IN 2025
8.42%
EMPLOYEE TURNOVER RATE
Who this report covers
Reported on a consolidated basis for Proxiad Bulgaria EAD and its three
subsidiaries — Proxiad Consulting EOOD, Proxiad Health Tech EOOD,
and Proxiad North Macedonia DOOEL. All figures reflect the period 1
January – 31 December 2025.
How it was prepared
Prepared in accordance with the Voluntary Sustainability Reporting
Standard for SMEs (VSME), issued by the European Commission on 30
July 2025, under the Basic and Comprehensive Modules.
Proxiad SEE operates under NACE code J 58.29 (other software publishing) as a nearshore software development and IT services company,
delivering dedicated teams, custom software development and data analysis to clients in financial services, fintech, healthcare, logistics and
communications.
"Publishing our first VSME report is a starting point, not a finish line. We measure what
matters to the people who work with us — our teams, our clients and our partners —
and we'll keep sharing it, year on year."
PRO XI A D SEE L EADERSHIP
P R O X I A D S E E — S U S T A I N A B I L I T Y R E P O R T 2 0 2 5 0 2
As an office-based software company, our environmental footprint is driven almost entirely by the electricity we consume — not by direct fuel
use or industrial processes. Here is what that looked like in 2025.
127.95
MWH TOTAL ENERGY
CONSUMPTION
0.00
TCO2E SCOPE 1
(DIRECT)
44.78
TCO2E SCOPE 2
(ELECTRICITY)
3.1
TCO2E PER €M
TURNOVER
Emissions by scope (tCO2e)
Scope 1 — direct emissions 0.00 tCO2e
Scope 2 — purchased electricity 44.78 tCO2e
Total location-based footprint 44.78 tCO2e
Zero Scope 1 emissions reflects the nature of our operations: knowledge
work delivered from leased office space, with no owned vehicle fleet or on-
site fuel combustion.
Cloud optimization
We ran a program to reduce unnecessary compute and storage use
across our infrastructure — rightsizing environments,
decommissioning unused resources, and improving application
efficiency — lowering the energy footprint of our digital operations
without compromising service quality.
Emissions intensity
Our location-based Scope 1+2 intensity is 0.0000031 tCO2e per euro of turnover — equivalent to roughly 3.1 tonnes of CO2e for every €1
million in revenue we generate, reflecting a low-carbon, services-based delivery model.
Why our footprint is small
Nearshore software delivery is inherently light on carbon: no
manufacturing, no fleet, no industrial energy load. Our footprint
is almost entirely the electricity that powers our offices and
workstations across Sofia, Plovdiv and Skopje.
What we track going forward
We will continue reporting energy consumption and Scope 1+2
emissions annually under the VSME standard, using this baseline
year to measure year-on-year progress as our teams and offices
grow.
E N V I R O N M E N T
Energy & Emissions
E NV I R ON M E N T 0 3
E N V I R O N M E N T
Water & circularity
Water withdrawal
680.82
M³ TOTAL WATER
WITHDRAWN
0.00
M³ FROM WATER-
STRESSED AREAS
None of our office sites draw water from areas classified as water-stressed,
and our water use is limited to standard office and facilities consumption.
Circular economy
We have not yet formalized circular economy principles across our
operations. As a services company, our physical material footprint is
limited chiefly to office consumables and packaging — the waste streams
shown opposite — which we continue to monitor as a starting point for
future initiatives.
Waste by destination
42.9% recycled or reused
57.1% directed to disposal
100% non-hazardous — zero hazardous waste
generated
WASTE TYPE RECYCLED DISPOSED
Paper & cardboard packaging 1,400 kg 0 kg
Plastic packaging 940 kg 0 kg
Mixed municipal waste 0 kg 3,120 kg
Zero hazardous waste
All 5,460 kg of waste generated across our offices in 2025 was
non-hazardous — consistent with our profile as a software and
IT services business with no manufacturing or chemical
processes on site.
Next step: formal recycling targets
With paper, cardboard and plastic packaging already separated
for recycling at 42.9% of total waste, our next step is to set a
formal year-on-year improvement target across all three of our
office sites.
5,460
KG TOTAL
E NV I R ON M E N T 0 4
Our people are our product. At the close of 2025, our workforce stood at 260 employees, supplemented by a small group of exclusive
contractors, spread across two countries and three office locations.
Gender composition
55% male (143)
45% female (117)
Employment by country
80.8% Bulgaria (210)
19.2% North Macedonia (50)
Contract type & workforce stability
Permanent contracts 254 employees · 97.7%
Temporary contracts 6 employees · 2.3%
8.42%
EMPLOYEE TURNOVER RATE
21
EXCLUSIVE SELF-EMPLOYED
CONTRACTORS
0
AGENCY-SUPPLIED TEMPORARY
WORKERS
Nearly 98% of our workforce is on permanent contracts — a deliberate choice that reflects how we build long-term teams for long-term client
relationships, rather than staffing up and down project by project.
A regional workforce
Our teams are anchored in Sofia and Plovdiv, Bulgaria, with a
growing delivery center in Skopje, North Macedonia — giving
clients access to a broader talent pool across South East Europe
without adding time-zone friction.
Stability by design
An 8.42% turnover rate across 260 employees means the vast
majority of our people stayed with us throughout 2025 —
continuity that matters directly to the clients whose codebases
and roadmaps we support year after year.
S O C I A L
Our People
260
EMPLOYEES
2
COUNTRI ES
S O C I A L 0 5
S O C I A L
Wellbeing, pay & rights
0
RECORDABLE WORK-
RELATED ACCIDENTS
0
WORK-RELATED
FATALITIES
100%
EMPLOYEES PAID
AT/ABOVE MINIMUM
WAGE OR CBA
5.5hrs
AVERAGE ANNUAL
TRAINING HOURS PER
EMPLOYEE
Training hours by gender
Female employees 5.90 hrs / year
Male employees 5.20 hrs / year
Management representation
Male at management level ~70.9%
Female at management level ~29.1%
Female-to-male management ratio: 0.41.
Gender pay gap
25.13%
UNADJUSTED · VSME
DISCLOSURE
10.5%
ADJUSTED · LIKE-
FOR-LIKE
The 25.13% figure is our required, company-wide VSME
disclosure, comparing average gross hourly pay for all male and
female employees without adjusting for role or seniority.
When compared like-for-like — within the same role and grade —
the gap narrows to 10.5%, indicating most of the unadjusted gap
reflects our current gender distribution across seniority levels
rather than unequal pay for equal work. We continue to track
and act on both figures.
Collective bargaining
0% of employees are currently covered by a collective
bargaining agreement; all employees are guaranteed pay at or
above the applicable statutory minimum.
Human rights & conduct
Code of conduct / human rights policy YES
Complaint handling mechanism YES
Confirmed incidents, own workforce NONE
Confirmed incidents, value chain NONE
100%
of employees completed our mandatory cybersecurity awareness training in 2025 — part of how we
protect client and stakeholder data and build organizational resilience against cyber threats, a
foundation of trust for every partnership we run.
Zero accidents, zero fatalities
Across the full 2025 reporting year, we recorded no work-related accidents, no lost-time incidents and no fatalities among our workforce —
reflecting the low-risk nature of office-based delivery work, paired with the health and safety standards we apply across all three of our sites.
S O C I A L 0 6
Prepared in accordance with the Voluntary Sustainability Reporting Standard for SMEs (VSME), released by the European Commission on 30 July 2025, Option B (Basic
and Comprehensive Modules), on a consolidated basis. Reporting entity: Proxiad SEE consolidated information (Proxiad Bulgaria EAD and its subsidiaries Proxiad
Consulting EOOD, Proxiad Health Tech EOOD, and Proxiad North Macedonia DOOEL). Reporting period: 1 January – 31 December 2025. This document is a plain-
language summary of our full VSME XBRL disclosure; the underlying dataset, including the adjusted pay-gap methodology, is available on request.
Technology empowered
by people — reported
the same way.
This report reflects where we stand today: a low-carbon, people-first services business with
zero workplace accidents and a stable, predominantly permanent workforce. On pay equity,
we report both the figure VSME requires and the like-for-like context behind it — a transparent
basis we'll keep building on. We'll publish this disclosure annually as our sustainability practice
matures.
C O N T A C T
contact.see@proxiad.com
W E B
see.proxiad.com
O F F I C E S
Sofia · Plovdiv · Skopje
