CONTENTS
Jotun factory Opening Ceremony, The Philippines, November 6 2017. From left: Princess Märtha Louise of Norway, General Manager,
Stamatis Solomakos, Chairman of the Board, Odd Gleditsch d.y., the Hon. Hermilando Mandanas, Governor of Batangas, Kristian
Nedland, Charge d’affaires of the Norwegian Embassy and entertainer, Alexander Rybak.
ENVIRONMENTAL COMMITMENT … 52
GreenSteps forward … 54
Ensuring environmental performance … 56
Investing in process improvements … 58
Going green … 59
JOTUN AND SOCIETY … 60
On hand to help … 62
Sailing through time … 63
Setting the right example … 64
Playing our part … 66
FINANCIAL INFO … 68
Chairman of the Board … 70
Consolidated financial statements … 71
Executive summary of the financial statement … 76
COMPANY OVERVIEW … 78
Organisation … 80
INTRODUCTION … 02
At a glance … 02
Group key figures … 06
OUR BUSINESS … 08
Jotun Group … 10
Management summary … 12
Marine Coatings … 14
Powder Coatings … 18
Protective Coatings … 22
Decorative Paints … 26
CUSTOMERS AND INNOVATION … 30
The gold standard in steel production … 32
Connecting Jotun Multicolor … 34
Sales accelerator … 36
CORPORATE RESPONSIBILITY (CR) MM
AND GOVERNANCE … 38
It’s all about attitude … 40
EMPLOYEES AND THE WORKPLACE … 42
Growth through sustainable workforce development … 44
Creating a culture of opportunity … 46
Changing for the better … 47
A culture of teamwork … 48
Raising the bar … 49
Safety always comes first … 50
Reducing risk, step by step … 51