STRATEGY AND GOVERNANCE
Sustainability is an important part of our strategy and the aim is that sustainability should be taken into account in all strategic decisions within the organisation. We have divided our sustainability work into three categories: economic, social and environmental value added. In each area, we have a number of strategies, policies and objectives.
SUSTAINABLE GOVERNANCE WITH DECENTRALISED RESPONSIBILITY
Addtech’s sustainability work is in the first instance governed by our Code of Conduct. Addtech’s Board of Directors, via Group management, is ultimately responsible for the Group’s sustainability work. Group management determines long-term overarching goals in important areas. These are supplemented by goals and action plans developed by each business area for their companies. In line with our well-established corporate culture, our operational sustainability work is driven via a system of decentralised responsibilities in our companies. Addtech does not micromanage its companies and instead exercises active ownership through its Board of Directors and follow-up. The Codes of Conduct have been adopted by the Board of Directors and are available on our website at www.addtech.se.
FOLLOW-UP AND ACTIONS
Addtech actively assesses its own operations and those of its suppliers. Every year, our companies report on their own sustainability work and on the results of supplier reviews performed. When failures are identified, the companies take the appropriate actions with the support of the Group. Follow-up is performed and actions taken at company, business area and Group level.
Addtech’s Code of Conduct
Addtech’s Code of Conduct is a foundation for our sustainability work and an integral part of the organisation. Our Code of Conduct, taken together with our core values (simplicity, efficiency, change, responsibility & freedom), is the basis on which we do business, perform and act in our day-to-day work and in our relationships with the world around us. The Code includes all major issues in human rights, working conditions, corruption, equal opportunity and diversity. The Code is based on the UN’s Global Compact, ILO’s Core Conventions and the OECD Guidelines for Multinational Enterprises and applies to all companies and all employees. The Board of Directors has decided on the Code of Conduct, which is published on www.addtech.se.
ADDTECH IN THE VALUE CHAIN AND OUR BUSINESS MODEL
Addtech’s business concept is to offer high-technology products and solutions to companies in the manufacturing and infrastructure sectors. Addtech acts as a value-adding link between customers and suppliers. For description of the business model, see page 7.
THREE FOCUS AREAS FOR STRATEGIC SUSTAINABILITY
Addtech's sustainability efforts work together in three categories; economic, social and environmental value creation. Within these areas, we have identified significant sustainability areas to focus our work around.