Sustainability work for long-term growth
Nolato and the UN’s Sustainable Development Goals
The 10 principles of the UN Global Compact have provided a guide for Nolato’s sustainability work since 2010. These principles are specified in the Group’s Code of Conduct, as described in The Nolato Spirit document. The Code should be regarded as the guiding principle for managers and employees on issues concerning the environment, social responsibility and ethics.
Over the years, the view of business’ role in sustainable development has changed and this is expressed very clearly in the UN Sustainable Development Goals. The goals were published just over a year ago and expectations on the efforts of business are high. This applies to both responsible conduct and the development of products and services that benefit sustainable development.
Nolato communicates its sustainable development activities in a separate sustainability report in accordance with the guidelines of the Global Reporting Initiative (GRI G4). The report is also designed to satisfy requirements in the new legislation on compulsory sustainability reporting for major companies in the EU. The Group’s performance with regard to carbon emissions is reported under to the Carbon Disclosure Project (CDP).
Sustainable development strategy
The Group has long had preventive measures in place relating to health and safety and environmental issues and these are important elements of The Nolato Spirit. Issues regarding social responsibility and good business ethics have become increasingly important and can now be regarded as essential for successful business operations. There are also significant expectations that Nolato and other companies must apply a clear life cycle approach to raw materials, product development, processes and products. Responsibility in the supply chain has become increasingly important.
Nolato’s sustainable development activities are being further developed. This applies to everything from Group-wide strategies and reporting to day-to-day operations at production facilities. The long-term strategy remains in place, with a focus on:
- Reducing risks and costs through preventive measures, risk analysis and investments in modern technology. Energy and emissions issues are a particular priority.
- Creating business opportunities through responsible operations and development of resource-efficient production methods and products.
- Working systematically based on ISO standards and concepts like lean manufacturing, Medical Excellence and 5S. ISO 14001 has been in place for some time and the Group is now introducing the OHSAS 18001 health and safety standard at its units. The ISO 50001 energy management standard has been introduced at a number of units.
- Being a good corporate citizen, and encouraging employee involvement and attracting new employees.
- Applying sound business principles and good ethics. Preventing corruption is a key aspect of this work.
- Communicating in a transparent way on sustainable development, both with regard to achievements and failings.
- Continuing to integrate sustainability issues into Nolato’s business model.