AAK Annual Report 2020

Annual Report 2020 38 AAK Health trends We can adapt our product range quickly to the latest trends in the health debate. This is mainly because we work with all types of plant-based oils and can reformulate our products to meet customer needs. We focus strongly on co-development with our customers. This limits the risks involved in commercializing new products. Regulatory measures also pose a risk. Active involve- ment in sustainability-related issues is, therefore, becoming increasingly important to anticipate legi­ slation on issues that are a natural development of human requirements. Risks related to climate change AAK aims to measure and follow up on climate-related risks in line with the Task Force on Climate-related Financial Disclosures (TCFD). During 2020, we have together with an external partner worked to finalize physical and operational climate risk assessments at all of our production sites. These assessments have been incorporated into a site-spe- cific rating system to ensure that climate-related risks are assessed and managed at all sites.