AAK sustainability report 2018

8 Sustainable growth in AAK Sustainable growth is the key objective of our strategy and essential to our vision of being the first choice for value-adding vegetable oil solutions. For us, sustainable growth is about our responsibi- lity towards all of our key stakeholders – the local communities where we operate, our customers, our employees, our investors, and our suppliers. Our model for sustainable growth guides our sustaina- bility work. The model has been slightly modified over the years and is today known as AAK’s House of Sustainability. Furthermore, the substance of the model’s individual elements has been continuously developed. Five sustainability focus areas We have defined five sustainability focus areas – the “pillars” – that are important to our business: Our Customers, Our Suppliers, Our Planet, Our People, and Our Neighbours. They provide an overview and guide us in setting objectives and focus our resources. 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 avail- able in our Sustainability Report. Further, based on the Global Reporting Initiative (GRI) and the GRI Standard guidelines we globally monitor indicators of importance to our stakeholders and ourselves. To identify indicators of importance we use the materiality analysis method- ology outlined in the GRI Standard. Global CSR team The engine behind a lot of our sustainability activities is our decentralized global CSR team, established in 2007. It consists of local CSR teams possessing competen- cies covering our sustainability scope. The Global CSR Manager reports to the CMO (Chief Marketing Officer) who is a member of AAK’s Executive Committee. Sharing and partnerships Sharing our knowledge, ambitions 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 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 Labor Rights, Environment and Anti-corruption. It enjoys participation by all of the major players in global business and CSR, including the GRI (Global Reporting Initiative), ETI (Ethical Trading Initiative), ICC (International Chamber of Commerce) and OECD (Organisation for Economic Cooperation and Development). AAK has been a member of the UNGC since 2003. 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 prosperity for all. Each goal has specific targets to be achieved by 2030. As a global company AAK recognizes that businesses have to play an impor- tant role in that process and we have therefore included the SDGs in our model. We are developing further ways to support the process and monitor and report on our progress. Policies and codes AAK’s sustainability 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 strengthens our strategic alignment. AAK’s policies and codes are available at our website. Monitoring & Dialogue Sharing & Partnerships UNGC principles & SDGs Policies & Codes Global CSR Team Ambitions and GRI AAK Sustainable Growth Our Planet Our Customers Our Neighbours Our People Our Suppliers