Sustainability report

Strategy 102-14 Statement from senior decision-maker Pages 2–3 102-15 Key impacts, risks, and opportunities Pages 7, 72–81 and AAK Annual Report 2020 pages 36–39 Ethics and integrity 102-16 Values, principles, standards, and norms of behavior Pages 37–39, 65, 70 and AAK Annual Report 2020 page 6 102-17 Mechanisms for advice and concerns about ethics Pages 40 and 65 Governance 102-18 Governance structure Pages 66–67 Stakeholder engagement 102-40 List of stakeholder groups Pages 64–65 102-41 Collective bargaining agreements Page 40 102-42 Identifying and selecting stakeholders Page 64 102-43 Approach to stakeholder engagement Pages 64–65 102-44 Key topics and concerns raised Pages 64–65 Reporting practice 102-45 Entities included in the consolidated financial statements Pages 100–101 in AAK Annual Report 2020 102-46 Defining report content and topic boundaries Pages 6–7, 9, 11, 12, 64–65, 68–69 and 72–81 102-47 List of material topics Page 65 102-48 Restatements of information Pages 69–69 102-49 Changes in reporting Page 68 102-50 Reporting period Page 68 102-51 Date of most recent report 15-04-20 (AAK Sustainability Report 2019) 102-52 Reporting cycle Annually 102-53 Contact point for questions regarding the report Page 63 102-54 Claims of reporting in accordance with the GRI Standards Page 63 102-55 GRI content index Pages 82–85 102-56 External assurance Page 89 GRI 200 Standard: Economic Series 2016 Management approach 103 1/2/3 Management approach Pages 6–7, 19, 36, 40, 42–43, 54–55 and 66–67 201-2 Financial implications and other risks and opportunities due to climate change Significant topic. See page 43 and AAK Annual Report 2020 pages 36–39. Omission: Information not available. AAK has not disclosed the costs of actions to manage the risk or opportunity. 205-1 Operations assessed for risk related to corruption Important topic for AAK. See pages 40, 71 and 80. AAK assesses operations related to corruption based on risk assessments each year which cover both fully owned and joint venture operational business units. During 2019, this covered 22 percent of the operational business. During 2020, this covered 11 percent due to Covid-19. The audits cover different aspects such as investments, customer relations and contracts, travel invoices, gifts, salary remuneration and contracts with suppliers and customers. For more information regarding AAK's Audit Committee, operational risk assessment and compliance, see pages 66–67. 205-2 Communication and training about anti-corruption policies Significant topic. See page 40. Omission: Information not available regarding categorization according to employee category or region. AAK has recently initiated a new global HR system and GRI requirements will be reviewed and integrated into this system, including training about anti-corruption policies. 205-3 Confirmed incidents of corruption and actions taken Significant topic. One incident of corruption took place during 2020. The incident involved one employee. An investigation was carried out and the employee was dismissed. Fully reported Partly reported Topic Disclosure Disclosure description Page number and comments AAK Sustainability Report 2020 Reporting framework | 83