Holmen’s operations are decentralised to the business areas, mills and forest regions. Important areas of development for Holmen are driven by the Group staffs through networks with specialist skills.


Board and Group management

Board

The Holmen Board comprises nine members elected by the Annual General Meeting. One of these is the Group President and CEO. The union organisations appoint three employee representatives and three deputies. The Board regularly addresses relevant sustainability issues. Company officials such as specialists in the areas of HR, technology, environment and purchasing make presentations at Board meetings.

Group management

Holmen's Group management consists of the Group President and CEO and heads of business areas and Group staffs. Group management meets monthly and attends to issues relating to the development of the business and financial results, business planning, budgets, investments and personnel and environmental issues.

Internal control processes

The Group operates with rolling three-year business plans prepared by specialists in the business areas and staffs. The business plans are discussed by Group management and adopted by the Board. Goals and strategies are broken down into action plans and activities which are possible to measure and evaluate. The business plans are important to the long-term, strategic governance of the Group. Information on the work and membership of the Board and Group management can be found in the annual report.

Sustainability

The Group's CEO is ultimately responsible for sustainability issues at Holmen. A special working group, consisting of representatives of the Group staffs, works on sustainability issues. This group is appointed by the Group's CEO and is chaired by Holmen's Director of Sustainable and Environmental Affairs. The sustainability report in the company's annual report including the comprehensive sustainability report available on Holmen's website is important tasks for the group. Another important task is to take part in dialogue with stakeholders who are sustainability analysts.

Joint actions groups

In areas where more detailed work is important, joint action groups that include specialists have been set up. These groups are involved in the exchange of experience and development of expertise in particular fields.

Employees

The work with HR at Holmen is carried out in accordance with the Group's HR policy. Personnel issues are handled by a coordination group for HR, which comprises the personnel managers of the business areas and is chaired by the Group's HR Director.

The HR priorities fall into the areas of management by objectives and leadership along with the need to improve the safety culture.

Group management has appointed a working party consisting of the site managers of the production units. This team, led by Group Technology, is responsible for health and safety issues and security. The group sets goals and key indicators and continuously follows them up, providing feedback to Group management. All production facilities have certified management systems in place for health and safety work in accordance with OHSAS 18001.

A relationship with the union organisations that is based on trust is important and helps drive Holmen forward. Collaboration with trade unions internationally takes place in the Holmen European Works Council and in consultation groups at various levels in the company. The company's employees are represented on the Group Board by three members and three deputy members.

Environmental responsibility

Environmental activities are conducted in accordance with Holmen's environmental and energy policy. The Group Board, the CEO and the heads of the business areas have overall responsibility for the environmental work. Operational responsibility for environmental matters is held by mill managers and forest managers.

Holmen's Director of Sustainable and Environmental Affairs monitors developments in the field, follows activities relating to the Group's targets for sustainable development and runs joint actions.

Environmental and energy management systems

All units at Holmen, including Holmen Skog, apply certified environmental management systems. Holmen's forestry is certified in accordance with the international forest standards issued by PEFCTM and FSC® (FSC-ID). Energy management systems are in place at all the sites.

Finance

Financial activities at Holmen are largely decentralised to business area, mill and forest region level. Group Finance has responsibility for co-ordinating financial activity in the Group, with functions for financing, controlling, accounting and reporting, taxes and insurance.

Information

Financial information

Holmen publishes an annual report including a sustainability related information which are audited by external auditors. Financial information is published regularly on the Holmen website.

Product information

The business areas issue magazines and newsletters targeted at customers and other stakeholders. Magazine examples are Paper (printing paper), Inspire (paperboard) and Skogsliv (forestry and other topics).

Information for personnel

The intranet Connect is an important source of information for Holmen's employees.

Purchasing

The purchase of goods and services is coordinated at Holmen with the aim of reducing total costs. The requirements of quality and sustainability are emphasized in the purchasing policy. The purchasing organisation sets requirements for the principles contained in the Holmen code of conduct to be complied with in new purchase agreements.

Insurance of facilities and forests

Risk management issues are coordinated by a Group-wide body. Damage prevention measures, regular maintenance and continual upgrades can minimise the risk of damage to facilities. Training of employees promotes participation, knowledge and awareness about these risks and how they can be countered. Holmen insures its facilities to their replacement value against property damage and consequential loss. The excess varies from one facility to another, but the maximum is SEK 30 million for any one claim. The Group has liability insurance that also covers sudden and unforeseen environmental damage affecting 'third parties'. The Group's forest holdings are not insured. They are widely dispersed over large parts of Sweden and the risk of extensive damage being incurred simultaneously is deemed to be low.

Trade associations

Holmen is a member of trade associations for the forest industry, in Sweden (Swedish Forest Industries Federation) and in the UK (CPI, Confederation of Paper Industries). Holmen is also a member of the European trade association CEPI, Confederation of European Paper Industries.

More about board of directors and senior management

Holmen AB, P.O. Box 5407, SE-114 84 Stockholm, Sweden.

Tel: +46 8 666 21 00  E-mail: info@holmen.com

  

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