AAK Annual Report 2016

We have continuously focused on safety in the workplace. Through the work of our Global Safety 7HDP DQG ORFDO LQLWLDWLYHV ZRUN UHODWHG LQMXULHV KDYH GHFOLQHG VLJQL¿FDQWO\ RYHU WKH \HDUV Our Planet Our People Our Neighbours This focus area covers AAK’s impact on the environment in terms of consumption and emissions from our production plants. It is a top priority for us to minimize our use of natural UHVRXUFHV DQG HPLVVLRQV SHU SURFHVVHG ¿QDO SURGXFW HYHQ though our stronger focus on speciality drives a higher degree of processing. We have over the years been able to create good improvement within areas such as GHG emissions, water consumption and waste treatment. In our Sustainability Report you can read about various local initiatives. This focus area is about working life at AAK: how to remain an attractive workplace for employees, and to make sure that everybody is healthy and safe. AAK’s employees are the company’s most important resource. With employees in many different locations across the globe – in production SODQWV VDOHV RI¿FHV DQG VRXUFLQJ RSHUDWLRQV ± $$. LV D GLYHUVH FRPSDQ\ ZLWK PDQ\ GLIIHUHQW MRE IXQFWLRQV &RP - mon to every employee is the company’s values and Code of Conduct, which govern the way in which our business is conducted and how employees interact with each other and the company’s stakeholders. This focus area covers activities that AAK initiates and engages in, be they local, regional, national or international, in order to play our part and act responsibly in society. Contributing to, and being part of, the community in which AAK operates is essential for maintaining a positive relation- ship with neighbours, politicians and authorities. Which community activities we engage in is dependent on what is relevant and adds most value to the local community. Through a commitment to community causes, AAK is also instrumental in creating a workplace with highly motivated employees who take pride in working for a company that makes a noticeable difference. &65 REMHFWLYHV DQG *5, 7R PDLQWDLQ PRPHQWXP DQG GULYH LPSURYHPHQW ZH GH¿QH REMHFWLYHV ZLWKLQ HDFK RI WKH ¿YH IRFXV DUHDV $FKLHYH - PHQWV DQG IXWXUH REMHFWLYHV DUH SXEOLFO\ DYDLODEOH LQ RXU Sustainability Report. Further, based on the Global Reporting Initiative (GRI) G4 guidelines we globally monitor indicators of importance to our stakeholders and ourselves. To identify indicators of importance we use the materiality analysis methodology outlined in G4. Global CSR team The engine behind all of our CSR activities is our decen- tralized global CSR team, established in 2007. It consists of local CSR teams possessing competencies covering our CSR scope. The Global CSR Manager reports to the &02 &KLHI 0DUNHWLQJ 2I¿FHU ZKR LV D PHPEHU RI $$.¶V Executive Committee. Sharing and partnerships 6KDULQJ RXU NQRZOHGJH REMHFWLYHV DQG DFKLHYHPHQWV ZLWK our stakeholders is a fundamental part of our approach. In our annual Sustainability Report we share global information based on the GRI framework supported by a variety of local SURMHFWV DQG LQLWLDWLYHV LOOXVWUDWLQJ KRZ RXU VWUDWHJ\ EHFRPHV DOLYH 6SHFL¿FDOO\ ZH RIIHU WR VKDUH HWKLFDO LQIRUPDWLRQ ZLWK customers via the Sedex platform. Further, we frequently report progress on the implementation of our palm oil policy in AAK’s Progress Report on Sustainable Palm Oil. Reports and policies are publically available at AAK’s website. The UN Global Compact encourages companies to engage in partnerships to tackle global challenges more effectively. AAK embraces the view that in partnerships you combine competencies and are more likely to accom- plish more than you could do on your own. Partnering with other businesses, NGOs and governmental agencies are ways to accomplish more. To name a few examples, AAK is participating in or partnering with RSPO (Roundtable on Sustainable Palm Oil), GSA (Global Shea Alliance), Proforest, Danida in Denmark, and the British organization TREE AID. Monitoring and dialogue 2XU &65 V\VWHP LV QRW VWDWLF DGMXVWLQJ LQVWHDG WR LQSXW from stakeholders such as customers, investors, NGOs and employees. We monitor new and upcoming legisla- tion, follow trends in our communities, and benchmark our CSR practices against those of retailers, customers, and competitors. 2XU RYHUDOO REMHFWLYH LV WR JURZ $$. VXVWDLQDEO\ DQG progress within sustainability as a whole. If you would like to learn more about our CSR achievements, initiatives and REMHFWLYHV SOHDVH UHIHU WR RXU DQQXDO 6XVWDLQDELOLW\ 5HSRUW Our next report is expected to be released during the second quarter 2017 and will be made available on our website. 27