Model for Sustainable growth

Sustainable growth is the key objective of our strategy, and is essential to our vision of being the first choice for value-adding vegetable oil solutions. For us, sustainable 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.

In 2012, we developed a visual model for sustainable growth to guide our global CSR work. The substance in the individual elements has continuously been adjusted to the market as well as the visual outlook.



UNGC PRINCIPLES & SDGs
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.

In 2015 all member states of the United Nations adopted 17 goals setting out to end poverty, protect the planet, and ensure prosperity for all - the Sustainable Development Goals (SDGs). Each goal has specific targets to be achieved by 2030. As a global company AAK recognizes that businesses have to play an important role in that process and we have decided to include the DSGs into our model. AAK will further develop ways to support the process and monitor and report of our progress.   

CSR POLICIES & CODES
AAK’s CSR policies and codes are based on the UNGC and own principles, and are implemented globally with all AAK business activities. The policies and codes are fully aligned with many of our customers´ requirements and values, which strengthen our strategic alignment. AAK policies and codes are available at this website.

FIVE PILLARS
We have defined five CSR focus areas – the ‘pillars’ – that are important to our business. They provide an overview and guide us setting objectives and focus our resources. The focus areas are:

  • Our Customers
  • Our Suppliers
  • Our Planet
  • Our People
  • Our Neighbours


CSR OBJECTIVES & GRI
To maintain momentum and drive improvement, we define objectives within each of the five focus areas. Achievements and future objectives are publicly available in our Sustainability Report. Further, based on the Global Reporting Initiative (GRI) G4 guidelines we monitor globally indicators of importance to our stakeholder or ourselves. To identify indicators of importance we use the materiality analysis methodology outlined in G4.

GLOBAL CSR TEAM
The engine behind all of this is our decentralized global CSR organization, established in 2007. It consists of local CSR teams possessing competencies covering our CSR scope. The Global CSR Manager refers to the CMO (Chief Marketing Officer) who is a member of AAK Executive Committee.

SHARING & PARTNERSHIPS
Sharing our knowledge, objectives and achievements with our stakeholder is a fundamental part of our approach. In our annual Sustainability Report we share global information based on the GRI framework supported by a variety of local projects and initiatives illustrating how our strategy becomes alive. Specifically we offer to share ethical information with customers via the Sedex  platform. Further we frequently report progress on the implementation of our palm oil policy in AAK´s Progress Report on Sustainable Palm Oil. Reports and policies are publically available at this website.

UN Global Compact encourages companies to engage in partnerships to tackle global challenges more effectively. AAK embraces the view that in partnerships you combine competencies and are more likely to accomplish more than you could do on your own. Partnering with other businesses, NGOs and governmental agencies are ways to accomplish more. AAK is partnering with RSPO (Roundtable on Sustainable Palm Oil), GSA (Global Shea Alliance), ProForest, Danida in Denmark and the British organization Tree Aid to mention a few.

MONITORING & DIALOGUE
Our CSR system is not static, adjusting instead to input from such stakeholders as customers, investors, NGOs 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 grow AAK sustainably and progress sustainability as a whole. 

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