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Insight AAK No 3 2016 E-book

3 Responsible growth at AAK Corporate social responsibility plays a more significant role today than ever before and over the last years we have seen an increased focus on sound and ethical business practices. At AAK, acting responsibly towards all key stakeholders such as local communities, customers, employees, investors, and suppliers, is a key objective of the company’s strategy and essential to the vision of being the first choice for valueadding vegetable oil solutions. AAK’s CSR policies and codes are based on the UN Global Compact (UNGC) and apply globally to all AAK business activities. UNGC, of which AAK has been a member since 2002, is a solid platform and a broad concept based on ten universal principles within human rights and labour rights, environment, and anti-corruption. The policies and codes of many of AAK’s customers are also based on UNGC which enhances AAK’s strategic alignment.   AAK has defined five CSR focus areas that are important to the company’s business – Marketplace, Supply chain, Environment, Workplace and Community.   “These five areas provide an overview and help us focus our resources”, says Mads Feer, Global CSR Manager at AAK responsible growth Transparency Sedex Sustainability Report AAK web Partnerships AAK. “To maintain momentum and drive improvement, we define objectives within each of the five focus areas. We also monitor many other indicators internally, based on the GRI guidelines.”   To be transparent with stakeholders and share information on its CSR objectives, activities and achievements is also part of AAK’s approach. This is done through, among other things, the company’s annual sustainability report, the company’s website, and Sedex, a collaborative online platform that facilitates the sharing of information with customers.   “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”, says Mads Feer. “The Roundtable on Sustainable Palm Oil, the Global Shea Alliance, and the Danish development cooperation Danida are a few examples.”   AAK’s CSR model is in no way static. Instead, Mads Feer explains, it is continuously adjusted to input from key stakeholders such as customers, investors and employees. In addition, new and upcoming legislation is monitored, trends in local communities are closely followed, and CSR practices are benchmarked against those of retailers, customers and competitors.   “Our overall objective is to drive responsible and sustainable growth for AAK”, says Mads Feer. “Not only by applying our model for responsible growth, but also by developing it as we acquire new knowledge and as environmental and social priorities change.” Stakeholders Legislation Trends Benchmarks CSR organization Objectives and GRI Marketplace Supply chain Environment Workplace Community Group CSR policies and codes UN Global Compact


Insight AAK No 3 2016 E-book
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