28 CORPORATE RESPONSIBILITY Managing Corporate Responsibility (CR) As well as simply being the right thing to do, acting responsibly strengthens our reputation and makes us more resilient, enabling us to thrive in a world facing both political and economic challenges. Each year we expect more of ourselves, as do our customers, employees, shareholders, suppliers, and local communities. Jotun’s reputation relies on our relationships with these stakeholders, and that’s why we take a systematic approach to engaging with them responsibly. We do this by: - Elevating corporate responsibility (CR) to Board and Management level - Defining CR in strategies and operational goals - Developing policies and guidelines with compliance rules - Ensuring compliance through reporting and evaluation practices Our CR programme The view that CR is both moral and prudent inspires us to act. But it is our core values – Loyalty, Care, Respect and Boldness – that direct these actions, which include: - Implementing and promoting business principles - Building internal culture through activities and actions - Using audits and other means to vet suppliers - Supplying our customers with better, cleaner products and acting honestly and transparently towards them - Promoting the wellbeing of employees and providing good working conditions - Offering relevant training and development opportunities - Being a force for good in the local communities where we operate - Acting responsibly towards the environment through the Jotun GreenSteps programme JOTUN VALUES Governance Ethical administration is central to our CR strategy. Jotun’s governance principles are supported through governing bodies, policies and evaluations at the corporate, regional and segment levels. Policies are developed globally, based on best practices, and implemented by each company locally. We allocate significant resources to ensuring that these policies function properly, mainly through informal discussions, audits and reviews. Jotun’s internal audits and reviews are comprehensive and include: - Business reviews - Financial audits - Human resources reviews - Health, safety and the environment (HSE) audits - Supplier audits Report outline This section, and the next three sections of the report – Employees and the Workplace, Environmental Commitment, and Jotun and Society – aim to: - Present our position on the various aspects of CR - Provide an overview of our CR efforts during 2014 - Showcase a selection of CR initiatives in more detail - Present key figures and measurements - Provide some insight into the direction our CR will take in the future LOYALTY - Reliable and trustworthy - Long-term relationships between customers, Jotun and colleagues - Commitment to Jotun’s values, strategies, policies and decisions CARE - Help and support others - Display trust and empathy - Appraise and judge fairly - Protect internal and external environment RESPECT - Value differences in people - Be honest and fair - Build diverse teams across culture and gender - Follow laws and regulations - Treat others the way they expect to be treated BOLDNESS - Take initiatives to create the future - Initiate and nurture change - Communicate openly, honestly and with integrity - Be proactive - Address difficulties constructively
Jotun Group Report 2014
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