This policy was approved by the Board of Directors on March 30, 2026. This policy applies to all companies and employees within the Holmen Group.
Governance model and core values
At Holmen, we strive to make decisions as close to the operations as possible in order to create decisiveness and short decision-making paths. The governance model is based on clearly delegated responsibilities and authorities, and on the use of Holmen’s management by objective tool to support prioritisation and decision‑making. For this to work, employees must demonstrate courage, commitment and responsibility in their daily work, in other words, live by our core values. Holmen’s governance model, management by objective tool, and core values — characterised by long‑term perspective, holistic thinking, responsibility, and simplicity — form the foundation of our corporate culture. They serve as a compass in our daily work and help us create a work environment where people feel confident to act, collaborate, and grow.
By combining clear direction with a high degree of individual responsibility, we create a culture that supports both our business objectives and fosters engagement and job satisfaction. This is how we build a strong Holmen together, where every employee’s competence and drive can flourish.
Employees and Managers
Holmen’s operations shall be characterised by respect for the equal value of all people, reflected in inclusive leadership and responsible employee engagement. There shall be zero tolerance for discrimination, harassment, abuse, or threats in the workplace. Compliance shall be systematically monitored through performance reviews and employee surveys, as well as continuously in the company’s day to day management and governance.
Holmen’s employees are expected to take personal responsibility for acting in accordance with Holmen’s core values, comply with Holmen Code of Conduct and represent the company in a professional way.
Holmen’s managers lead the operations and are responsible for ensuring that expectations, individual goals, delegations, rules, and authorities are clear to employees. Managers shall, through performance reviews communicate expectations, follow up on, and evaluate employees’ work contributions and performance.
Talent management
There shall be a talent management plan built from the unit level, to the business area level, and up to the Holmen Group level. Competence needs shall be met by retaining and developing existing employees, as well as attracting and recruiting new employees, and when necessary also phasing out employees. Holmen shall place particular focus on utilising the competence and commitment of employees who perform exceptionally well, and shall have a succession plan for particularly critical positions. All recruitment must be based on skills and personal suitability. No applicant may be discriminated against. When competence is equivalent, internal candidates and underrepresented groups shall be prioritised.
Salary and benefits
Holmen is to pay market salaries and apply differentiated and individual pay setting, within the limits set by law and collective bargaining agreements, and based on the difficulty and responsibility of the position and the individual’s performance. Unjustified pay differences must not occur. Minimum wage requirements, statutory or contractual, must be complied with. Pension terms are to be premium based. Early retirement pension will not be granted as a general rule and exceptions require a decision from CEO. Compensation to senior executives shall comply with the guidelines adopted by the general meeting.
Health and safety
Holmen shall maintain a good work environment that promotes health and safety. This means that Holmen’s work environment must be safe from physical, health‑related, and psychosocial perspectives. Work environment management shall be carried out systematically. Responsibility for the work environment shall be delegated in writing to the appropriate level within the organisation. Employees shall follow safety and protection rules to avoid creating risks or causing harm to themselves or their colleagues. See Holmen’s Work Environment Policy.