AVK CSR 2023-24 web - Flipbook - Page 36
S
OUR SOCIAL
RESPONSIBILITY
Key highlights of 2023/24
Future goals and activities
• The number of ISO 45001 certificates on
management of occupational health and
safety has increased from 31 to 33
• The 2023/24 goal of a Lost Time Accident
Frequency Rate (LTAFR) below 5.0 has
been reached with a rate of 4.63
• In 2023, AVK established the People &
Leadership function which focuses on
inclusion and diversity, amongst other
leading priorities
• During the financial year of 2023/24, we
have launched a succession planning
process to structure our approach to talent
management and leadership development
• We have stated developing a Code
of Conduct for employees. This will
supplement the already existing Code of
Conduct for external partners
• We expect further implementation of ISO
45001 in 2024/25
• We will intensify our safety work to reach
our target of an LTAFR of less than 3.0 by
2030
• We will set global measurements of sick
leave and monitor the status
• We will implement our Code of Conduct for
employees in all our companies
* For further details see Social under Tables, comments, and accounting policies
Our employees
As an international Group, we take our social
responsibility seriously. This means that we
provide attractive jobs and want to create a
solid framework for employee development
and well-being. Our employee handbook and
policies aim to set the guidelines and provide
reassurance for employees to better understand
their opportunities, rights, and obligations.
The AVK Group has over 5,300 employees
working in our companies across the world. As
a result, we are characterised by a high degree
of diversity, and our employees represent
many different professional functions and
backgrounds. We consider diversity to be a
strength, and we respect and value everyone
regardless of age, gender, ethnicity, religious
beliefs, or sexual orientation.
36 | AVK Sustainability report 2023/2024
Our employees are an invaluable resource.
Since we work with innovative solutions
and complex products for many different
types of customers, and very often in both
an international and local regulated context,
it places great demands on our overall
competencies. This requires close collaboration
throughout the organisation and continuous
development of employees, both professionally
and personally. Therefore, maintaining a high
level of commitment to employee well-being as
well as ongoing education and training remains
a priority for us.
As we want to focus further on the development
of our employees, we established an AVK
Group People & Leadership function in AVK
Holding A/S in 2023. This function will set
the direction within this field through several
global initiatives. One of the initiatives is the
launch of “The AVK Way of Leadership” which,
in addition to focusing on our five core values,
also lists our seven leadership principles. These
principles will guide how we practice good
leadership in the AVK Group. “The AVK Way of
Leadership” will form the basis for our future
work with succession planning, leadership
development, talent management, recruitment
and much more.
Occupational health and
safety
Workplace safety has always been a high
priority in AVK, and we are committed to taking
good care of our employees. This is achieved
by implementing relevant safety processes and
necessary safety equipment at and around the
workplace.
