Professional Documents
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Addtech-Ab 2017
Addtech-Ab 2017
K APITEL Y REPORT
WE ENGAGE IN
SUSTAINABLE DEVELOPMENT
Addtech’s vision is to be the leading value-adding tech provider. The vision entails a long-term focus on
developing the business by constantly being a value-adding knowledge provider. To achieve that vision we
must run our business sustainably. Addtech aims to meet the sustainability requirements and expectations
set by customers, shareholders and employees and to promote sustainable technological development.
We take long-term responsibility for sus- both stronger and more sustainable, for Purpose and objective of the report
tainable development of profitability, em- example by highlighting the potential for The purpose of this sustainability report is
ployees and the environment. Global and savings and improvements, as well as the to describe in a transparent way Addtech’s
local demand for lower emissions and risks. We are also meeting this demand by objectives, strategies and governance, as
greater sustainability in society are mak- ensuring that our companies are commit- well as its accountability, risks and oppor-
ing sustainable products and solutions ted to developing and offering solutions tunities from a sustainability perspective.
into a competitive asset in the technolo- that increase customers’ energy efficien- The report is intended to provide custom-
gy trading market. We aim to be a better cy and reduce their negative environmen- ers, employees and shareholders with an
choice than our competitors and focus tal impact. By continuing to develop sus- understanding and knowledge of our sus-
actively on meeting this demand. With a tainable solutions for our customers, we tainability work.
structured sustainability programme, we increase our competitiveness while help-
are developing the business to make it ing to bring about a sustainable society.
DIALOGUE WITH STAKEHOLDERS CREATES STAKEHOLDERS KEY QUESTIONS WITHIN SUSTAINABILITY COMMUNICATION AND COLLABORATION
THE RIGHT FOCUS FOR SUSTAINABILITY WORK
Our sustainability work is affected by the fact that EMPLOYEES Health and safety for employees, Regular employee surveys, annual
a number of stakeholders make demands and have education & training, customer erformance and goals reviews, as
p
expectations of us. Dealing with existing demands satisfaction, earnings growth, good well as education and training. Com-
and planning ahead for anticipated demands is a working conditions at suppliers munication is mainly conducted via
fundamental part of our strategy for sustainable managers, the intranet and mailings.
development. Our stakeholders are groups in our CUSTOMERS Customer satisfaction, innovation, The subsidiaries have a close
vicinity who affect or are affected by our opera- business ethics, environmental relationship with their customers
tions. We strive to maintain an open dialogue with impact and have regular personal meetings.
our stakeholders so we can focus our efforts on the Information is distributed thorugh
sustainability issues that our stakeholders see as subsidiaries or on the website.
most important. We have identified five important
SHAREHOLDERS Earnings growth, business ethics, Annual reports, quarterly reports,
stakeholder groups: customers, suppliers, employ- return to shareholders, customer investor and analyst meetings, the
ees, shareholders and society. satisfaction website and the annual general
In 2016/2017, we conducted a new stakeholder meeting.
dialogue to ensure that we are working and reporting
on the areas that are most important to our business SUPPLIERS Business ethics, customer satis- The subsidiaries work closely with
and our stakeholders. Via surveys and interviews, we faction their suppliers, which enables a
put a number of questions to a selection of our stake- close dialogue. Supplier evaluations
are conducted.
holders about their expectations of our sustainabil-
ity work. The stakeholders questioned were major SOCIETY Business ethics, environmental Subsidiaries collaborate with local
customers and owners, analysts and a selection of impact organisations to improve the local
employees and Board members. The stakeholder di- environment. Questions regarding
alogue revealed that our strengthened commitment working environment, environment
within sustainability is valued but also that demands and product liability are discussed
are increasing for continued engagement in the area. with relevant authorities. Certifica-
tion body for ISO etc.
SIGNIFICANT ISSUES AND RISKS SUSTAINABILITY AREAS PRIORITY AREAS ACTIVITIES DURING THE FISCAL YEAR
The findings from the stakeholder analysis revealed
the most highly prioritised areas in sustainabili- ECONOMIC Long-term profitable growth Efficiency initiatives, earnings
ty were to create and deliver profitable growth, to V ALUE ADDED growth, higher operating margin
reduce our negative impact on the environment, to
ENVIRONMENTAL Continuously reduce our direct Power usage audit, emission moni-
maintain a high standard of business ethics and to and indirect environmental toring, development of environmen-
VALUE ADDED
provide a healthy workplace. The table below shows impact tal policy
the work we performed in these areas over the fi-
nancial year. In the materiality analysis, we weighed SOCIAL Maintain high quality and a Development of code of conduct for
up the stakeholders’ observations against the risks V ALUE ADDED high ethical level for ourselves both the company and its suppliers.
and opportunities that are specific to us. The risks and our suppliers Development of supplier evaluations
are described further on pages 38-40. A healthy workplace where em- Systematic work environment
ployees thrive and grow development in subsidiaries, educa-
tion and training, employee surveys,
MATERIALITY ANALYSIS relevant actions
Return to shareholders
Customer satisfaction
SIGNIFICANCE TO STAKEHOLDERS
Earnings growth
Energy consumption
Transparency
Social value added
Economic value added
Innovation
LESS
SUSTAINABLE GOVERNANCE and instead exercises active ADDTECH’S THREE FOCUS AREAS
WITH DECENTRALISED ownership through its Board FOR STRATEGIC SUSTAINABILITY WORK
RESPONSIBILITY of Directors and follow-up. The
Addtech’s sustainability work is Codes of Conduct have been
in the first instance governed by adopted by the Board of Direc-
our Code of Conduct. Addtech’s tors and are available on our
Board of Directors, via Group website at www.addtech.se. ECONOMIC Customer satisfaction | Earnings
management, is ultimately re- V ALUE ADDED growth
sponsible for the Group’s sus- FOLLOW-UP AND ACTIONS
tainability work. Group man- Addtech actively assesses its
agement determines long-term own operations and those of
overarching goals in important its suppliers. Every year, our
areas. These are supplemented companies report on their own ENVIRONMENTAL CO2 emissions | Energy consumption
by goals and action plans devel- sustainability work and on the VALUE ADDED Transports | Sustainable products
oped by each business area for results of supplier reviews
their companies. In line with our performed. When failures are
well- established corporate cul- identified, the companies take
ture, our operational sustaina- the appropriate actions with SOCIAL Business ethics | Education & training |
bility work is driven via a system the support of the Group. Fol- V ALUE ADDED Diversity & Equality | Health & safety
of decentralised responsibilities low-up is performed and ac-
in our companies. Addtech does tions taken at company, busi-
not micromanage its companies ness area and Group level.
53%
To achieve this, we strive for:
96%
EMPLOYEE TURNOVER GENDER DISTRIBUTION
EMPLOYEE TURNOVER IN % SHARE OF WOMEN IN %
15 100
EMPLOYEES ON
PERMANENT CONTRACTS
10
2%
50
0 0 ABSENCE DUE
Total
employee turnover
Women
All Employees
Administrative
management
Administration,
finance, purchasing
Sales
TO ILLNESS
2017/2018 2017/2018
2016/2017 2016/2017
erably. The findings from the employee Employee turnover Another important part of the work on
survey are also used as a basis for our We strive to ensure the well-being and per- skills development and employee well-
long-term, strategic work on personnel sonal development of our employees so being is annual performance appraisals
development. that we can both retain key skills and re- and development reviews. We aim for all
cruit new talent. In 2017/2018, overall em- employees to have a personal develop-
Employees ployee turnover was 12% (13%). Average ment review every year. The process of im-
96% (96) of our workforce is permanently length of employment is about 10 years. plementing a new method for performance
employed and 93% (95) of our employees appraisals and development reviews has
work full time. Contract employees are Skills development continued in 2017/2018 and documented
mostly used to replace regular employees Addtech’s development and competitive- reviews were conducted with 62% (62) of
in the case of illness or other absence. The ness are strongly linked to the person- our employees during the year.
fact that our employees enjoy secure em- al development of employees and their
ployment is not just a work environment well-being. We therefore encourage our Equal opportunity and diversity
issue, it is also an important factor in ob- companies to cooperate with each other. We do not permit discrimination or harass-
taining continuity in the organisation and The exchange of experience and skills ment in any form. All employees must be
enabling us to build long-term relationships. contributes to the development of the given the same opportunities for devel-
Group, companies and employees. Exam- opment regardless of gender, age, ethnic
Occupational health and safety ples of internal networks that strengthen origin, religion, political views, sexual orien-
Health and safety are a priority area. corporate culture and expertise include tation, disability or other distinguishing fea-
We have a zero vision for work-related our own business school, CEO meetings tures. Guidelines for equality and diversity
accidents, illnesses and incidents, and and partnerships between subsidiaries, work are set out in the Code of Conduct.
an ambition to focus constantly on pro- business areas and business units. The technology trading industry has
moting health and well-being among The Addtech Business School is for all historically been male-dominated, and
our employees. The aim is that no-one employees and represents an important still is. Addtech’s ambition is to continu-
should suffer physical or mental ill-health platform for spreading corporate culture ally increase the proportion of women.
caused by his or her work situation. At and developing, training and motivating our The proportion of women and men in the
Addtech’s companies, potential risks of employees. The School’s various courses Group shall at least reflect the general
work-related illnesses and accidents ex- offer employees training adapted to their gender distribution in the industry, and the
ist, but such risks also exist in the sales particular experience and duties and are proportion of graduates from institutes of
process, for example during travel to and aimed at both new employees and senior technology. It is also Addtech’s aim for all
from customers and during visits to cus- executives. It is important for our salesper- employees in the Group, irrespective of
tomers’ factories or other facilities. Dur- sons to receive thorough training in busi- gender, to be given the same opportuni-
ing the year, 29 injuries (22), 21 cases of ness skills, which they can combine with ties for equal pay for equivalent work. In
occupational diseases (17) were report- their in-depth skills in their specific prod- order to detect and resolve any differenc-
ed and absence due to illness amount- uct areas. Training in Addtech’s “Vision and es, we review salary differences annually
ed to 2% (2), well below the average in Corporate Philosophy” is held in connec- at both Group and Company level.
Sweden. There were no fatalities. tion with the acquisition of new companies.
Supplier requirements in the areas of hu- other hand, our supplier relationships are ing to the same ethical objectives. Our
man rights, business ethics and environ- often long-standing and involve close col- supplier evaluation work has continued
mental work are compiled in a specific laboration on how the supplier’s products during the year, with suppliers being eval-
code of conduct for suppliers. No inci- can be used in a variety of customer ap- uated from a social and environmental
dents involving human rights violations plications. This benefits quality, price, lead perspective. The ambition is to work with
have been reported during 2017/2018 or times and customer satisfaction, while our suppliers and review them regularly
earlier years. giving us the opportunity for constructive in order to bring about positive change.
dialogue on the supplier’s sustainability At Group, business area and company
ADDTECH’S SUPPLY CHAIN risks and development. level, there are special minimum require-
The majority of Addtech’s sales consist Addtech is also constantly seeking new ments for supplier evaluations, which
of products and solutions from global and suppliers who can complement or boost must be met within a three-year period.
market-leading suppliers. We have a large the development of our business. There are specific targets that apply to
number of suppliers across the world and new suppliers, potential risk products
the majority of purchases are from sup- Supplier evaluations assure sustainability and risk charts. During 2016/2017, the
pliers outside the Nordics, in Europe, the in our value chain Group-wide system and process for sup-
USA and Asia. The fact that the largest The aim of supplier evaluations is to en- plier evaluations underwent further de-
share of production takes place outside sure that Addtech’s companies work with velopment for continued roll-out during
the scope of our operations obviously ethically responsible suppliers and that 2017/2018.
brings certain sustainability risks. On the our entire value chain operates accord-
SUB-
SUPPLIERS
SUPPLIERS ADDTECH CUSTOMERS END
CUSTOMERS
Addtech’s main business currently con- we did not incur any fines or sanctions ENERGY CONSUMPTION
sists of trading in technology products, for environmental contraventions. During The Group’s energy analysis is progress-
which means that a large proportion of 2017/2018, we have rolled out our up- ing according to plan and will be used to
our environmental impact comes from dated environmental policy in the Group. identify areas for improvement. At pres-
transport and warehousing activities. Our ent, more than half of the electricity that
own use of raw materials, chemicals and CARBON DIOXIDE EMISSIONS we use comes from renewable sources
fossil fuels is limited, as most of the ac- Addtech’s main impact on the climate and our aim is to continue to increase
tual production process takes place at comprises carbon dioxide emissions. the proportion. Total energy consumption
our suppliers. However, we have decided Combustion of fossil fuels also produces decreased to 21.3 GWH (19.1) during the
to assume a degree of responsibility that emissions of other greenhouse gases, year. Energy consumption in relation to net
stretches beyond our own operations, but Addtech has concluded that carbon sales was 2.66 MWH/SEK million (2.66).
with our Code of Conduct also requiring dioxide emissions represent the largest
our suppliers to consider the environment negative environmental impact from our SUPPLIERS AND THE ENVIRONMENT
in their production. operations. Addtech’s sales of high-technology prod-
The environmental perspective must The calculation of carbon dioxide emis- ucts and solutions have little direct impact
be part of all important decisions, with a sions arising from electricity generation on the environment and our indirect en-
view to creating long-term value for cus- was based on Nordic electricity genera- vironmental impact largely takes place at
tomers, employees, shareholders and so- tion, where 1 kWh is estimated to gener- our suppliers. The objective of our sup-
ciety at large. Environmental work must ate 0.1 kg CO2. In addition to emissions plier evaluations is to obtain an overview
be conducted within the scope of our arising from the internal use of fossil fu- of how our suppliers pursue sustainable
business concept and closely integrated els and electricity, carbon dioxide emis- development. Environmental conserva-
into operational activities. With a high lev- sions are also generated by various kinds tion measures shall be implemented to
el of expertise among our employees, and of transport, including transport of mate- the extent they are technically feasible,
constantly development of our knowl- rials and products, as well as employee reasonable in terms of business economy
edge of environmental consequences, travel. Addtech reports carbon dioxide and environmentally justified. Suppliers
we can maintain a holistic approach to emissions for employee travel and redun- are encouraged to operate in line with our
environmental issues and contribute to dant materials and product transport ac- environmental policy. Suppliers are also
improvements within the organisation cording to the table below, which shows required to be familiar with and observe
and among our customers and suppliers. the Group’s CO2 emissions. We place requirements laid down by national leg-
As much of our environmental impact is total carbon dioxide emissions in rela- islation, statutes and industry standards.
indirect, we aim to develop more sustain- tion to sales to give a true and fair view Suppliers must as a minimum requirement
able products and solutions that help our of emissions, referred to as an intensity operate a secure system for management
customers reduce their environmental measure for greenhouse gases. The total of hazardous materials and waste.
impact. That way, we can make a differ- climate impact for the year amounted to
ence on a larger scale. During the year, 2.2 tonnes CO2/SEK million.
CLIMATE IMPACT
CO 2 EMISSION
Ton CO2 %
20,000 20
15,000
10
10,000 0
5,000 -10
0 -20
Company’s vehicles*
Freight **, In
Total
2017/2018 Change related to sales, %
2016/2017
ENERGY CONSUMPTION
RENEWABLE AND NON RENEWABLE
SOURCES
GWH %
30 30
TARGETS FOR ENVIRONMENTAL
VALUE ADDED 25 20
Total Energy