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Our view and influence

 

Industrivärden's view of sustainability

Industrivärden’s view of sustainability is based on the Company’s mission to conduct long-term value-creating asset management through active ownership. From an overarching perspective, Industrivärden has the greatest sustainability influence through its role as an active owner in its portfolio companies. In addition, Industrivärden conducts sustainability work in its own operations, where focus lies on being a responsible employer. The active ownership role and a long-term investment perspective results in a natural involvement in the portfolio companies’ strategic development. By helping to develop long-term competitive companies, Industrivärden contributes to growth in value over time and sustainable development, which benefits the communities in which the portfolio companies are active.

Industrivärden’s operations are conducted in accordance with Company’s Code of Conduct and policies. Through active ownership Industrivärden works to ensure that its values and ethical guidelines will also permeate the companies in which it is an active owner. Industrivärden’s Code of Conduct has been adopted by the Board of Directors and is revised yearly. In short, it stipulates that:

  • good business ethics and clear corporate governance with a genuine sustainability perspective contribute to long-term value creation and sustainable development in society,
  • the workplace shall be distinguished by openness, receptiveness and mutual respect,
  • the Company repudiates all forms of discrimination and believes that diversity in all its forms enhances knowledge, dynamism and the quality of operations, and
  • the Company shall apply and integrate the ten principles of the UN Global Compact in the areas of human rights, labor, anti-corruption and the environment.

Stakeholder analysis

Sustainability focus

Industrivärden’s sustainability-related focus areas have been identified and concretized based on an materiality analysis. This analysis is based on Industrivärden’s opportunities to influence through its ownership role, a materiality perspective, and ongoing stakeholder dialogs. As part of the materiality analysis, the following main stakeholders have been identified and engaged:

  • Shareholders and potential investors
  • Other major owners of the portfolio companies
  • The portfolio companies
  • Industrivärden’s employees
  • Authorities, legislative bodies and NGOs

Global initiatives and guidelines

As guidance in its sustainability work, Industrivärden adheres to global initiatives such as Agenda 2030, the OECD Guidelines for Multinational Enterprises, the ILO’s eight fundamental conventions and the UN Global Compact. In addition, since 2015 annual progress reports are submitted to the Global Compact in the areas of human rights, labor, the environment and anti-corruption. The Business Review and Annual Report make up Industrivärden’s annual Communication on Progress (COP) to the UN Global Compact and provide an account of how the Company is contributing to Agenda 2030 and the global Sustainable Development Goals.

Agenda 2030 and the Sustainable Development Goals

The business sector plays a crucial role in the achievement of the 17 global Sustainable Development Goals (SDGs) set forth in Agenda 2030. With a base in Industrivärden’s business, its influence on opportunities in the portfolio companies and a completed materiality analysis, the following goals are in focus. From an influence perspective, SDGs 8, 9, and 12 apply for Industrivärden’s portfolio companies within the framework of active ownership. SDGs 5 and 13 pertain mainly to Industrivärden’s own operations.

 

Last update: 09 Mar 2020