Governance
Holmen has a holistic approach to responsible business and has been a member of the UN Global Compact and its corresponding Nordic network since 2007. We consider it natural to support its ten principles on human rights, social responsibility, environmental responsibility, and anti-corruption.
Internal management processes
Holmen's business strategy is developed by the executive management to create long-term value for both shareholders and customers while contributing to a better climate and a vibrant rural community. The strategy is annually approved by the board of directors and forms the basis for the expectations set. Based on these expectations, each unit sets goals and identifies success factors to achieve them. Key performance indicators (KPIs) are linked to these success factors to measure and demonstrate progress.
The strategy also forms the foundation for the budget, where decisions on resource allocation are made and targets for the coming year are set. Through a straightforward goal management tool for continuous monitoring, it is ensured that the entire operation makes correct priorities to achieve the set goals.
Sustainability reporting is integrated with financial reporting. Major investment decisions consider financial, social, and environmental impacts.
Internal Control Processes and Governing Documents
Targets and Global Compact
Sustainable business targets
Holmen works to be a positive force in society and focuses on three areas where our production, business and organisation have the greatest potential to make a difference: the climate, our customers' sustainable choices, and our employees and the local communities in which we operate.
Global Compact and the UN Sustainable Development Goals
We want to create a sustainable future. Through our activities, we actively contribute to several of the UN's global goals. By running a carbon-positive business, offering climate-smart products and conducting long-term environmental work, we make significant efforts for the climate.
Responsible sourcing
Code of Conduct
A good reputation as a responsible and trustworthy company is fundamental to our operations. Holmen's Code of Conduct follows the ten principles of the UN Global Compact, the International Labour Organization's (ILO) eight core conventions and the OECD Guidelines for Multinational Enterprises, and provides guidance in its daily work.
All employees are trained in the Code, and for white-collar employees the training is mandatory every three years. In 2023, no deviations from the Code have been noted.
Materiality assessment
Since 2006, Holmen has reported sustainability information based on a materiality assessment. In 2018, a comprehensive assessment was carried out to identify the areas where Holmen can make the greatest contribution to sustainable development, based on stakeholder expectations and requirements. This assessment included interviews and workshops with approximately 50 stakeholders and was based on the UN Global Compact's principles, the UN Sustainable Development Goals and relevant megatrends.
In 2023, a new double materiality analysis under the ESRS requirements was initiated, which will be completed in 2024.