AAK Annual Report 2016

Our Customers Our Suppliers Sustainable growth in AAK 6XVWDLQDEOH JURZWK LV WKH NH\ REMHFWLYH RI RXU VWUDWHJ\ DQG HVVHQWLDO WR RXU YLVLRQ RI EHLQJ WKH ¿UVW FKRLFH IRU YDOXH adding vegetable oil solutions. For us, sustainable growth is about our responsibility towards all of our key stake- holders – the local communities where we operate, our customers, our employees, our investors, and our suppliers. In 2012, we developed a visual model for sustainable growth to guide our global CSR work. The model has been VOLJKWO\ PRGL¿HG RYHU WKH \HDUV DQG LV WRGD\ NQRZQ DV $$.¶V +RXVH RI 6XVWDLQDELOLW\ )XUWKHUPRUH WKH VXEVWDQFH of the model’s individual elements has continuously been adjusted to the market. UNGC principles and SDGs The UN Global Compact (UNGC) is a solid platform and a broad concept based on ten universal principles within Human and Labour Rights, Environment and Anti-corruption. ,W HQMR\V SDUWLFLSDWLRQ E\ DOO RI WKH PDMRU SOD\HUV LQ JOREDO business and CSR, including the GRI (Global Reporting Initiative), ETI (Ethical Trading Initiative), ICC (International Chamber of Commerce) and OECD (Organization for Economic Cooperation and Development). AAK has been a member of the UNGC since 2002. In 2015, all member states of the United Nations adopted 17 goals – the Sustainable Development Goals (SDGs) – setting out to end poverty, protect the planet, and ensure SURVSHULW\ IRU DOO (DFK JRDO KDV VSHFL¿F WDUJHWV WR EH achieved by 2030. As a global company AAK recognizes that businesses have to play an important role in that process and we have decided to include the SDGs in our model. AAK will further develop ways to support the process and monitor and report on our progress. CSR policies and codes AAK’s CSR policies and codes are based on the UNGC as well as on our own principles, and are implemented globally for all AAK business activities. The policies and codes are aligned with many of our customers’ requirements and values, which strengthen our strategic alignment. AAK’s policies and codes are available at our website. Monitoring & Dialogue Sharing & Partnerships UNGC principles & SDGs CSR Policies & Codes Global CSR Team CSR Objectives and GRI AAK Sustainable Growth Our Planet Our Customers Our Neighbours Our People Our Suppliers 26 $$.¶V ³+RXVH RI 6XVWDLQDELOLW\´ Five CSR focus areas :H KDYH GH¿QHG ¿YH &65 IRFXV DUHDV ± WKH µSLOODUV¶ ± WKDW are important to our business. They provide an overview and JXLGH XV LQ VHWWLQJ REMHFWLYHV DQG IRFXV RXU UHVRXUFHV Our Customers covers all areas in which AAK interacts with customers. It includes products, product development, food safety, product information, and market communication. In- teraction with customers is based on sound business ethics and a deep understanding of the company’s responsibility for safeguarding customer brands. As a supplier of ingredients for some of the world’s best-known brands, AAK recognizes its role and its customers’ expectations and see these as key elements in the way the AAK company strategy is executed. Our Suppliers covers activities related to the sourcing of raw materials that AAK uses in its production plants. Sustainable sourcing of raw materials is the backbone of AAK’s business and a key element in our strategy. The combination of the right raw materials and our co-development approach is key to the wide range of solutions offered. Just as it is vital for AAK to obtain the right raw materials, AAK places equal emphasis on how our raw materials are produced. For this reason AAK has implemented a Supplier Code of Conduct that, among others, applies to all AAK’s direct raw material suppliers worldwide. Since 2014 AAK has used e-learning as a supple- ment for global training of our front-line employees. Courses such as anti-corruption, competition law, and sustainable palm and shea oil have proven to be very effective and AAK will continue to utilize this tool.