Sustainability report

Our commitments are supported by the following ambitions: • 2025: 100 percent verified deforestation-free and conversion-free for palm and soy • 2025: 100,000 trees planted • 2021: Define the scope 3 science-based targets and drive progress accordingly • Continue to increase our impact on women and smallholders • 2021: 100 percent of coun- tries of origin human rights risk-assessed and salient issues identified • 2021: human rights action plan initiated for palm oil Key achievements in 2020 We have made strong progress in all of our raw material categories, despite the challenges due to Covid-19, which affected our on-the- ground outreach and training in many regions. The key highlights are: • Commitment for a verified deforestation-free supply chain, covering palm and soy by 2025. • Commitment to the science-based targets. Palm • Increased palm traceability to plantation to 70 percent, representing an increase by 27 percent since 2019. • Verified deforestation-free palm almost doubled to 50 percent. • RSPO-certified palm increased to 38 percent, representing an increase by 23 percent since 2019. • Piloted satellite monitoring and committed to cover AAK’s full palm supply base from 2021 onwards. Shea • Scaled up our Kolo Nafaso program in West Africa by 39 percent to 321,443 women. • Planted more than 30,000 shea trees and more than 2,000 coconut trees. • Launched a campaign against child labor in West Africa. • Partnered with Saha Global to ensure access to clean drinking water in Ghana. Coconut • Signed the Sustainable Coconut Charter together with our partners. AAK Better Sourcing | 17 Sustainability Report 2020