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AAK Annual Report 2015

Responsible growth Responsible growth is the key objective of our AAKtion strategy and essential to our vision of being the first choice for value-adding vegetable oil solutions. For us, responsible growth is about our responsibility towards all of our key stakeholders – the local communities where we operate, our customers, our employees, our investors and our suppliers. Based on our strategy, input from our stakeholders and market trends, we have developed a model for responsible growth to guide our global Corporate Social Responsibility work. The UN Global Compact (UNGC) is a solid platform and a broad concept based on ten universal principles within Human and Labour 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 2002.   AAK’s CSR policies and codes are based on the UNGC, and apply globally to all AAK business activities. So are the policies and codes of many of our customers, which enhances our strategic alignment.   We have defined five CSR focus areas – the ‘pillars’ – that are important to our business. These provide an overview and help us focus our resources.   To maintain momentum and drive improvement, we define objectives within each of the five focus areas. Further, we monitor many other indicators internally, based on the GRI guidelines. The engine behind all of this is our global CSR organization, established in 2007.   To be transparent and share information with stakeholders is also part of our approach. Sedex, a collaborative online platform, facilitates the sharing of information with customers. Our annual Sustainability Report shares information globally, primarily with investors in AAK, and via the web with all stakeholders. Partnering with other businesses, NGOs, and governmental agencies is a key element of the Global Compact concept, and we are proud to participate in several partnerships. The RSPO, the Global Shea Alliance and the Burkina Faso project are a few examples of these.   Our CSR system is not static, adjusting instead to input from such stakeholders as customers, investors, and employees. We monitor new and upcoming legislation. We follow trends in our communities, and benchmark our CSR practices against those of retailers, customers and competitors.   Our overall objective is to support responsible and sustainable growth for AAK. AAK responsible growth Transparency Sedex Sustainability Report AAK web Partnerships Stakeholders Legislation Trends Benchmarks CSR organization Objectives and GRI Marketplace Supply chain Environment Workplace Community Group CSR policies and codes UN Global Compact 26


AAK Annual Report 2015
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