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Governance

Holmen 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 formulated by Group management in order to create long-term value for both shareholders and customers. The strategy is adopted by the Board each year and forms the basis for the expectations that are set. On the basis of these expectations, each unit sets targets and identifies success factors for achieving them. 

Also see the sustainability report for the objectives related to sustainability matters on page 100. Key performance indicators (KPIs) are linked to the success factors in order to measure and demonstrate changes in performance. The strategy review also provides the basis for the budget, through which decisions are taken on the distribution of resources and targets for the coming year are set.

Use of a simple management-by-objectives tool for continuous follow-up ensures that the entire organisation is adopting the right priorities to meet the objectives set.

The business areas guide the operational activities towards these targets using processes for purchasing, production and sales, supported by financial management, IT, HR, environmental, sustainability and communication processes. 
Activities are followed up through regular meetings with Group management and the monthly reporting of performance and KPIs that reflect business activity, along with additional qualitative analyses.

Reporting of sustainability data is integrated with the financial reporting. When major investment decisions are under consideration, financial, social and environmental effects are taken into account.

Business strategy and targets

 

 

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 five areas where our production, business and organisation have the greatest potential to make a difference: the climate, biodiversity, local environments, our employees and neighboring communities. 

Our sustainable business targets

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.

Global Compact and UN goals

Responsible sourcing

Holmen's purchasing function contributes to long-term profitability through sustainable supply and risk management in the supply chain. We ensure environmental and social requirements through approval processes and close collaboration with suppliers, while continuously educating buyers.

We have control over the largest supplier categories, wood and electricity, and use traceability mechanisms to ensure sustainable production. Other important areas include transport and production materials, where we require suppliers to consider environmental and energy aspects and use only contracted subcontractors.

Our procurement process in forestry ensures that contractors have fair terms. Holmen has been working on a code of conduct for suppliers for many years. 

Supplier Code of Conduct

Business ethics and anti-corruption

Holmen's Code of Conduct and Business Ethics Policy provide clear guidance on good business ethics, human rights, working conditions and the environment. Managers and employees are trained regularly, and compliance is followed up through employee surveys, interviews, salary surveys, safety statistics and work environment audits. Any violations are reported to the Board of Directors and handled in accordance with internal procedures.

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 2024, no deviations from the Code have been noted.

Policies and Code of Conduct

Whistleblowing

Materiality assessment

In 2024, we updated our materiality assessment. By analyzing our own operations and mapping the impact of our value chain, we have identified five areas where our impact is considered material.

In 2024, Holmen updated its analysis with a double materiality assessment in accordance with the ESRS requirements.

Risk management

The Group's business and operational risks, including climate-related risks, are managed by each business area, which makes decisions about production, sales and employees in order to achieve sustainable returns.

Purchasing and IT are coordinated by Group-wide functions to exploit economies of scale and comply with Group policies. 

Financing and financial risks are managed by Group Finance and Finance in accordance with a Board-approved financial policy with a low risk level, which aims to minimize the cost of capital and effectively control financial risks.

Risk management

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Holmen’s business is built around the forest ecocycle and the renewable products we can create from it. Our business areas are Forest, Wood Products, Board and Paper and Renewable Energy.  With a workforce of 3 500 people, we create value for shareholders, customers and society. We generate sales of around SEK 23 billion and our shares are listed on Nasdaq Stockholm, Large Cap. Please visit holmen.com for more information.

Modern Slavery Act Transparency Statement

Holmen AB, P.O. Box 5407, SE-114 84 Stockholm, Sweden 
Phone: +46 8 666 21 00  E-mail: info@holmen.com

 

 

Holmen Group websites

  • Holmen Group - holmen.com
  • Forest - holmen.com/forest
  • Renewable energy - holmen.com/energy
  • Board and Paper - holmen.com/boardandpaper
  • Wood Products - holmen.com/woodproducts

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