We believe that having a holistic approach towards establishing our new sustainability strategy is crucial to achieving long-term business success. Our ambition is to continuously explore new solutions for sustainable development while shaping our business responsibly and increasing our economic success. This ambition encompasses all of our company’s activities – along the entire value chain. IDEAL OF SWEDEN’s Corporate Responsibility and Sustainability Policy contributes to achieving IDEAL OF SWEDEN 2023 Sustainability Strategy. Our core values are embedded in our sustainability guiding principles: 1. Integrate sustainability into the corporate strategy Integration of sustainability considerations into all our business decision-making 2. Build a culture of compliance Compliance with applicable legislation, governance regulations and codes of practice
6. Engage with our stakeholders Engage with IDEAL OF SWEDEN’s stakeholders and establish partnerships that are instrumental to the success of IDEAL OF SWEDEN sustainability efforts 7. Ensure effective corporate reporting Report publicly on IDEAL OF SWEDEN’s sustainability performance in conjunction with the Annual Report In 2020, we carried out an extensive analysis of global trends and drivers to determine material topics (see pages 16-17) that were significant for our business and relevant stakeholders. We also integrated the outcomes of our risk management analysis while shaping our strategy. As a result, the new sustainability strategy provides an agreed framework to guide investment focus and drive performance, as well as engage internal and external stakeholders.
3. Cultivate a culture of transparency Ensure transparency in the company’s sustainability efforts 4. Identify and manage sustainability-related risks Manage risks throughout the company’s total value chain related to environmental, social and governance aspects 5. Identify and pursue sustainability opportunities Manage initiatives to continuously improve social, environmental and economic impact with a special focus on climate, resource efficiency and social inclusion
Alina Klaseva Sustainability Manager IDEAL OF SWEDEN
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