AVK CSR 2023-24 web - Flipbook - Page 53
OUR FUTURE ACTIVITIES
AND AREAS OF ACTION
In the AVK Group, innovation and development of new and
improved high-quality products with a long lifespan and
recycling in mind play a crucial part. At the same time, it is
in our DNA to act responsibly towards both employees, the
environment, and the society around us.
Below is a summary of planned activities and
efforts we have set out for the coming years.
best framework for employee development and
well-being.
Our environmental and climate effort
In the coming years, we will implement
processes and initiatives in line with the
AVK Sustainability Roadmap. This includes
prioritising minimal environmental impact and
energy consumption as key criteria in both the
design and production processes.
Planned activities for the coming years related
to our social responsibility include the following:
• Further implementation of ISO 45001 in
2024/25
• To reach our safety target of an accident
frequency rate (LTIFR) of less than 3.0 by
2030, safety work will be further intensified
during 2024/25 and in the future
• Set global measurement of sick leave and
monitor status
• Implementation of our Code of Conduct for
employees in all our companies
Planned activities for the coming years to
reduce our environmental and energy impact
include:
• Further implementation of ISO 14001 and
ISO 50001 during the next years
• Increase the number of EPDs to cover more
of our product range
• Continuing the installation of solar panels on
manufacturing buildings
• Implementation a baseline calculation for
Scope 3 for our larger EU companies in
2024/25
• Continuing efforts to reduce water
consumption, especially in countries with
scarce water resources and AVK companies
with high water consumption
Likewise, we will continue to work on identifying
methods to reuse and recycle materials in our
factories. We will engage in partnerships that
can ensure that we receive sufficient recycled
materials for production, such as plastics and
metals.
To reduce our energy consumption, we will
conduct energy audits and update to LED
lighting as well as implement programmable
lighting and thermostats.
Our social responsibility
As a global Group, we take our social
responsibility seriously. This means that we
provide attractive jobs and want to create the
Minimising the number of occupational
accidents and ensuring the health and wellbeing of our employees remain a high priority
for us. To achieve this goal, we will continue
to focus on health and safety during 2024/25
and the following years. In addition, we strive to
enhance safety behaviour by prioritising internal
communication and training and by increasing
visibility around safety and improvements.
Moreover, in our ongoing commitment to ensure
that our suppliers act respectfully and adhere
to our Ethics and Human Rights Policy, we will
implement a newly revised Code of Conduct for
employees and provide training on human rights
policies and procedures.
AVK aim to remain an attractive workplace
by fostering an environment that supports
employee development and well-being. The
newly created People & Leadership function
will continue to set the direction for how we
conduct good leadership in the AVK Group
as well as how we work strategically with
processes for succession planning, leadership
development, talent management, and
recruitment. In addition, we will improve our
diversity data. Initially, the measurement is
primarily on the gender composition of the
management team, but diversity in this context
is understood more broadly to include age,
seniority, nationality, and other parameters on
which we will initiate data collection.
Similarly, to enhance our focus on global wellbeing in the future, we will begin collecting
global sickness absence data, using a
standardised definition, starting in 2024/25.
We expect to be able to use collected data, set
goals, and share targeted global efforts within
this area in the future.
Our governance
ESG must be a fundamental aspect of our
business. As a company, we are committed to
meeting the legislative requirements set forth by
CSRD, ESRS, and CSDDD in the coming years.
Consequently, during 2024/25, we will develop
an AVK Sustainability Roadmap based on our
findings of our double materiality assessment.
This roadmap will provide a comprehensive
overview of requirements and integration of
activities.
Planned activities for the coming years related
to governance include:
• Develop an AVK Sustainability Roadmap
based on the findings in our double
materiality assessment
• Increased focus on our Code of Conduct
for suppliers and initiate an internal audit
process to ensure compliance
• Review of our Business Ethics Policy and
Anti-Corruption and Anti-Bribery Policy
In the coming years, we will optimise our
process and documentation around the Code
of Conduct as well as for anti-corruption
and anti-bribery. We work continuously and
systematically with registration, control, followup, and further development of the supplier
collaboration to ensure compliance with the
Group’s policies, including the Code of Conduct.
At the same time, we will ensure positive
communication with our employees, our
customers, and other stakeholders to achieve
the support and commitment needed to
succeed on the future sustainability and ESG
journey.
AVK Sustainability report 2023/2024 | 53
