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.
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.
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.
Responsible sourcing
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.
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.