Sustainability approach
Sustainability governance
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risks and opportunities throughout the value chain
and ensuring that our ambitions and progress meet
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illustration to the right demonstrates how we work
together to ensure sustainable practices from supplier to
customer.
The AAK Board of Directors
The board of directors’ key purpose is to ensure
prosperity by collectively directing the company’s
affairs, whilst meeting the appropriate interests of its
shareholders and other stakeholders. The long-term
view perspective of the company is also part of the
responsibility of the Board of Directors. To practice duty
of loyalty and duty of care is of outmost importance and
57 percent of AAK board members are independent.
Audit Committee
The Audit Committee deals with risk management,
integration of AAK Group procedures, insurance issues,
accounting rules as well as monitoring and following
up on policies, codes and their implementation in the
organization.
Remuneration Committee
The main role of the Remuneration Committee is to
assist and advice the Board on matters relating to the
remuneration of the Board and senior management, in
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order to motivate and retain executives and ensure that
AAK is able to attract the best talents in the market in
order to maximize shareholder value.
Executive Committee
The Executive Committee (ExCom) are responsible
for overseeing the daily implementation of board
policies, making sure that AAK establish and maintain
good governance practices. The Executive Committee
decides on the corporate strategy and ensure to
communicate the direction to the organisation. Monthly
meetings are held where progress and actions needed
are reviewed including sustainability ambitions.
Sustainability represented at ExCom level
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a member of Executive Committee and report to the
Board on sustainability matters. With responsibilities
including Sustainability, Corporate strategy and People
the CSSO takes a holistic approach involving internal
and external stakeholders to drive the sustainability
agenda.
Responsible sourcing
Responsible sourcing is deeply entrenched in the AAK
strategy, requirements and standards. The supplier
interaction is strongly supported by AAK’s supplier
Codes and Policies that also guide our engagement
with smallholders. Activities are continuously monitored
together with our sourcing and trading team
and progress is driven by our Responsible Sourcing
Managers. Expert forums such as Task forces per
raw materials have been established to make sure
that progress is driven based on solid expertise and
experience.
Sustainable production
AAK has a global sustainability team, which is responsible
for managing environmental and social risks and
opportunities related to our operations. Each facility
has a Sustainability Team Leader responsible of establishing
a local team to drive the sustainability agenda
and progress. These cross-functional team leaders are
called in for regular meetings by the Global Sustainability
Manager in order to exchange best practices and drive
the sustainability agenda, which is a joint effort between
Sustainability, Global Operations and Human Resources.
Sustainable Solutions
It order to understand our customers needs and to
transfer these into value propositions we have Go-To-
Market teams including skilled Customer Innovation
managers, Product Managers and Sales representatives.
The Go-to-Market team work closely with internal
stakeholders both in responsible sourcing and in
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Our ability to develop and offer sustainable value propositions
is depending on a shared understanding and an
alignment from plant to brand which is enabled through
our cross-functional ESG approach.