Sustainability
Sustainable business value is achieved by working according to our sustainability framework and goals. Our approach to sustainability is for these types of issues to be integrated into our business, both as part of our day-to-day operations and as part of our strategic processes.
Promoting sustainable development
We at Arla Plast are working to contribute to agenda 2030 and to the UN's Global Goals for Sustainable Development and to Sweden's climate goals 2045. We have identified the goals that are most relevant to our business and where Arla Plast can contribute the most. A strong financial position creates the prerequisite for sustainable development. A profitable business not only provides returns to owners, it also creates jobs and enables investment. Arla Plast has therefore adopted a number of financial targets that support the strategy for sustainability.
Internal governance - sustainability
Our sustainability work is led by group management and coordinated by the quality manager. The starting point is a sustainability strategy, long-term goals and sustainability-related governance documents. Sustainability work is an integral part of Arla Plast's operational management including business plan and budget work. Sustainability work and results/progress are communicated through the sustainability report and through an ongoing dialogue with stakeholders.
Arla Plast's CEO regularly presents sustainability results to the Board, which reviews and monitors the results towards the company's goals. The Board of Directors is responsible for the company's sustainability strategy and policies and approves the sustainability report.
Sustainability goals and strategy
Arla Plast bases its sustainability work on three main areas:
- Environmental footprint
- Social sustainability
- Business ethics
Environmental footprint
Arla Plast is endeavouring to reduce the climate impact of its business activities throughout the value chain and from a product life cycle perspective.
Arla Plast´s strategy to reduce its environmental footprint is based on the following areas:
- Efficient material handling
- Reducing regrind generation
- Increase the reuse of regrind in production
- Increase the reuse of customers´used products
- Increase the purchase and use of renewable energy
- Increasing and contributing to higher energy efficiency both own and purchased
- Sustainable products
- Sustainable and responsible innovation, including through fossil-free materials.
- Sustainable product performance from a life cycle perspective
- Reduce environmentally hazardous waste
Social sustainability
Arla Plast's social responsibility shall primarily relates to employees and society.
A good place to work
Arla Plast aims to ensure that employees are motivated and committed. By being an open and inclusive employer, with zero tolerance of discrimination, Arla Plast aims to offer a gender-equal, diverse workplace where employees can achieve their full potential and contribute to the development of a high-performance organization. Arla Plast actively works to maintain and strengthen its corporate culture, as described in The Arla Plast Way code of conduct. The Code of Conduct provides the foundations for employees to act and conduct business responsibly, both within the company and in relation to business partners. Employee reviews, employee surveys and collaboration help to ensure a good work place.
Health and safe workplace
Our employees should feel safe and we promote a healthy working environment. As Arla Plast has production facilities, it is important to limit the risk of workplace accidents and occupational injuries. All production facilities have certified management systems for health and safety, and all new employees are trained in safe working practices.
Contribute to the local community
Arla Plast aims to contribute to positive social development and to be an important and committed player in the local community. It does this through an open dialogue and various targeted initiatives such as sponsorship and summer jobs.
Business ethics
Arla Plast shall conduct the business in an ethical and responsible manner and be a credible partner in all relationships and where the company conducts operations. Arla Plast's view of business ethics is summarized in the documents, the Code of Conduct, Arla Plast Way, Insider Policy, Purchasing Policy and the Related Party Policy.
Arla Plast has a whistleblower function to help detect unethical or illegal conduct. To ensure that Arla Plast´s suppliers comply with the company´s approach to business ethics, our major suppliers must have read our Code of COnduct.
Governing documents
Aral Plast has adopted a number of policies and guideline documents. All policies have been determined by the Board of Directors, and below are those that are primarily relevant to Arla Plasts´s sustainability work.
Sustainability policy and code of conduct including "The Arla Plast Way"
Controls Arla Plast's overall stance in relation to customers, employees, suppliers, business ethics and anti-corruption as well as society.
Operating policy
Governs how the company aims to achieve a good and safe working environment and how it aims to minimize negative impacts on the external environment.
Insider policy
Arla Plast´s shares are listed on Nasdaq Stockholm. As a result of the public listing, there is a risk of insider trading and other unauthorised practices, and this poicy is intended to reduce such risks and facilitate the Group´s compliance with applicable rules on the handling of insider information.
Procurement policy
Guides the company's efforts to establish and develop long-term business relationships with suppliers and with other partners.
Related Party Policy
Intended to reduce the risk of inaccuracies and irregularities due to related party relationships and related party transactions.