Holmen’s strategy is to own forest and energy assets and to develop industrial operations in paperboard, paper and wood products. The substantial forest and energy assets shall deliver stable cash-flow that grows over time. Large-scale industrial operations at efficient facilities shall provide good profitability through the refining of wood raw material into high-performance paperboard, cost efficient printing paper and wood products for the joinery and construction industries.
The Group has five production plants in Sweden and one in the UK. The forests and hydro power facilities are located in Sweden. Over 90 per cent of the Group's sales are within Europe. For more information about the Holmen Group please visit About Holmen.
As signatories to the UN Global Compact, Holmen has undertaken to uphold and respect human rights in its sphere of influence. Since suppliers fall within that sphere of influence, it is important to set clear requirements for them on the issue of human rights. The Group's purchasing policy gives great weight to corporate social responsibility and the purchasing organization insists that an obligation to comply with the principles set forth in Holmen's Supplier Code of Conduct is included in new
supply contracts. The Group's purchasing organization has received training regarding the purchasing policy, the code and about the Group's stand on
business ethics. The code covers all the areas touched upon by the Global Compact. Under the code, suppliers undertake to respect human rights. A particularly strong stand will be taken against all forms of child labour including but not limited to the worst forms such as slavery, prostitution and other forms of work that risk damaging a child's health, safety and well-being. The Supplier must also not use or benefit from any form of forced labour. Forced labour is considered to include debt bondage or other forms of slavery, forced prison labour, hard labour or human trafficking. By the end of 2016, suppliers accounting for around 75 per cent of the Group's purchasing volume had signed up to, and thus declared their compliance with, the Supplier Code of Conduct. No breaches of the Supplier Code of Conduct were detected during 2016. For more information about Holmen's policies please visit Code of conduct and policies.
In evaluating suppliers, account is taken of the supplier's resources and exposure to risk based on where their production is located. During 2016 a number of major suppliers, where new contracts was agreed, was required to conduct a self-assessment confirming compliance with the code. A process has begun where an external party will lead the work with risk classification and self-assessments of suppliers. This will be put in place during 2017. For more information please visit Supplier code of conduct.
This statement is made in accordance with Section 54(1) of the Modern Slavery Act 2015 and constitutes the Modern Slavery and Human Trafficking Statement for Holmen AB, Iggesund Paperboard AB, Iggesund Paperboard (Workington) Ltd, Holmen Paper AB, Holmen Timber AB and Holmen Martinsson Timber Ltd for the financial year commencing 1 January 2016 and ending 31 December 2016.
Stockholm, 13 February 2017
CEO and President for Holmen AB