For Arla Plast, sustainability is a natural part of our core business and strategy. This helps to increase our long-term competitiveness and create long-term value for Arla Plast as well as for our customers, suppliers, employees, shareholders and other stakeholders.
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.
Group management ensures that Arla Plast's sustainability strategy, long-term goals and policies are in accordance with the company's vision and strategy. Group management reviews and monitors sustainability performance towards the sustainability goals, as well as decides on priorities regarding sustainability work. This work is included as an integral part of the business plan/budget work.
The representative from group management appoints local managers for the local initiatives and objectives.
For each goal, there should also be at least one KPI to be able to review and track the results of the activities performed.
Sustainability goals and strategy
At the beginning of 2021, Arla Plast stated that it would start from three main areas in its sustainability work in the future. They are:
- Environmental footprint
- Social responsibility
- Business ethics
Arla Plast will work to reduce the climate impact from its business operations along the value chain and from a product life cycle perspective.
Arla Plast's strategy to reduce the environmental footprint shall be based on the following areas:
- Efficient material handling
- Reduce waste generation
- Increase reuse of waste in production
- Increase reuse of customers' used products
- Increase the purchase and use of renewable energy
- Increase and contribute to higher energy efficiency both own and purchased
- Sustainable products
- Sustainable and responsible innovation through fossil-free materials, among other things.
- Sustainable product performance from a life cycle perspective
- Reduce environmentally hazardous waste
Arla Plast's social responsibility shall primarily include employees and society.
Arla Plast shall ensure that employees are motivated and engaged. By being an open and inclusive employer, with zero tolerance for discrimination, Arla Plast will offer a workplace characterized by gender equality and diversity where employees can reach their full potential and contribute to the development of a high-performing organization. Arla Plast works actively to maintain and strengthen its corporate culture, which is described in The Arla Plast Way. The Code of Conduct lays the foundation for how employees should act and conduct business in a responsible manner, both internally and in relation to business partners. Employee interviews, employee survey and collaboration contribute to ensuring a good workplace.
Health and safe workplace
Our employees should feel safe and we work for a healthy work environment. Since Arla Plast has production facilities, it is important to work to limit the risk of workplace accidents and work-related injuries. All production facilities have certified management systems for work environment work and all new employees are trained in a safe working environment
Contribute to the local community
Arla Plast will contribute to positive social development and aims to be an important and committed player in the local community. This is done through an open dialogue and through various targeted efforts such as sponsorship, summer jobs, etc.
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.
To help detect unethical or illegal behaviour, Arla Plast has a whistleblowing function. Our major suppliers must have taken note of the Code of Conduct.
In 2020, a review of the company's policies and governing documents was carried out. All policies have been decided by the Board of Directors and below they are mainly relevant to Arla Plast'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.
"The Arla Plast Way" provides guidelines for employees on how we act in different situations.
Control how the Company will achieve a good and safe working environment and how to work to minimize negative impacts on the external environment.
The Arla Plast share was listed on Nasdaq Stockholm in 2021. With a listing, there is a risk of insider trading and other non-permitted procedures and this policy is intended to reduce these risks and to facilitate the Group to comply with applicable rules for the handling of inside information.
Controls 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.