AAK Annual Report 2019

33 Sustainability ambitions and GRI To maintain momentum and drive improvement, we define ambitions within each of the five focus areas. Achievements and future ambitions are publicly available in our Sustainability Report. Further, based on the Global Reporting Initiative Standards, we globally monitor indicators that are material to our stakeholders and ourselves. Global sustainability team The engine driving our sustainability activities is our decentralized global sustainability team, established in 2007. It consists of local teams with competen- cies covering our sustainability scope. The Global Sustainability Manager reports to the Chief Strategy & Sustainability Officer who is ultimately responsible for sustainability and a member of AAK’s Executive Committee. Knowledge sharing and partnerships Sharing our knowledge, objectives and achievements with 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 projects and initiatives illustrating how our sustainability work comes alive. Further, we regularly report progress on the implemen- tation of our Responsible sourcing of vegetable oils policy and our Palm oil policy in AAK’s progress report on sustainable palm oil and AAK’s progress report on sustainable shea. Reports and policies are available at our website. The UN Global Compact encourages companies to engage in partnerships to tackle global challenges more effectively. We strongly believe that this will allow you to accomplish more than you would on your own. Partnering with other businesses, NGOs and govern- mental agencies are ways to accomplish more. AAK is participating in or partnering with, for example, RSPO (Roundtable on Sustainable Palm Oil), GSA (Global Shea Alliance) and Proforest. Monitoring and dialogue Our sustainability approach is not static but rather adjusted to input from stakeholders such as customers, investors, NGOs, and employees. We monitor new and upcoming legislation, follow trends in our communities, and benchmark our sustainability practices against those of retailers, customers, and competitors. If you would like to learn more about our sustainability work, please watch the short, animated video under Sustainability at our website or read about our sustain- ability achievements, initiatives and ambitions in our annual Sustainability Report, also available at our website.