AAK Annual Report 2020

AAK Annual Report 2020 30 House of Sustainability In 2020, we updated and sharpened our focus on sustainability using our framework – the AAK House of Sustainability. The updated frame- work supports an even stronger integration of sustainability into the AAK business model and strategy. The aim is to embed sustainability from plant to brand and strengthen our position as the first choice for plant-based oil solutions. The framework helps us to prioritize our actions and live up to our ambitions and commitments. The AAK House of Sustainability is based on our three focus areas: Better Sourcing, Better Operations and Better Solutions. The framework has a strong connection to those of the UN Sustainable Development Goals that are critical for our business and to our ambition to fulfill the Paris Agree- ment. The framework is supported by a clear structure for governance and accountability. We support international sustainability standards and frameworks • UN Global Compact (UNGC) • The OECD guidelines • The ILO core conventions • The UN guiding Principles on Business and Human Rights • Global Reporting Initiative (GRI) During 2021, we will analyze our business in relation to the EU Sustainable Finance Action plan and the EU taxonomy to make sure our future reporting is continuously in line with upcoming legislation and requirements on ESG data from investors and owners. We support international sustainability frameworks Better Solutions Better Sourcing Better Operations