Sustainability report 2019

10 The AAK House of Sustainability Sustainability is key to our growth and essential to DFKLHYH RXU YLVLRQ RI EHLQJ WKH LQGXVWU\¶V ¿UVW FKRLFH for value-adding vegetable oil solutions. Our House of Sustainability has guided our continued progress and represents the foundational structure of our sustaina- bility initiatives and how we make it part of our DNA. 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 involves all of the major players in global business and sustainability, including the GRI (Global Reporting Initiative), ETI (Ethical Trading Initiative), ICC (International Chamber of Commerce), and OECD (Organization for Economic Cooperation and Development). AAK has been a participant of the UNGC since 2003. UN Sustainable Development Goals In 2015, all member states of the United Nations adopted 17 Sustainable Development Goals (SDGs), which aim to end poverty, protect the planet, and ensure SURVSHULW\ IRU DOO ZLWK VSHFL¿F WDUJHWV WR EH DFKLHYHG E\ 2030. As a global company, AAK recognizes that busi- nesses have to play an important role in this process and thus we have included the SDGs in our model. We are developing further ways to support the process and monitor and report on our progress. in 2007. It consists of local sustainability teams with core competencies that cover our sustainability scope. The Global Sustainability Manager reports to the Chief 6WUDWHJ\ 6XVWDLQDELOLW\ 2I¿FHU ZKR LV D PHPEHU RI AAK’s Executive Committee. Sharing and partnerships Sharing 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 that illustrate KRZ RXU VXVWDLQDELOLW\ ZRUN FRPHV WR OLIH )XUWKHUPRUH we regularly report progress on the implementation of 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 across 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, www.aak.com. )LYH VXVWDLQDELOLW\ IRFXV DUHDV :H KDYH GH¿QHG ¿YH VXVWDLQDELOLW\ IRFXV DUHDV ± WKH “pillars” – that are important to our business: Our Customers, Our Suppliers, Our Planet, Our People, and Our Neighbours. They provide an overview of our progress and guide us in setting objectives and focusing our resources. Sustainability ambitions and GRI To maintain momentum and drive improvement, we KDYH GH¿QHG NH\ DPELWLRQV ZLWKLQ HDFK RI WKH ¿YH IRFXV areas. Achievements and future ambitions are publicly DYDLODEOH LQ RXU 6XVWDLQDELOLW\ 5HSRUW )XUWKHUPRUH based on the Global Reporting Initiative (GRI) and the GRI Standard guidelines, we globally monitor indicators of importance for our stakeholders and ourselves. To do this, we use the materiality analysis methodology outlined in the GRI Standard. Global sustainability team The engine behind many of our sustainability activities is our decentralized global sustainability team, established Monitoring & Dialogue Sharing & Partnerships UNGC principles & SDGs Policies & Codes Global Sustainability Team Ambitions and GRI AAK Sustainable Growth Our Planet Our Customers Our Neighbours Our People Our Suppliers