CORPORATE RESPONSIBILILTY AND GOVERNANCE
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Profiting from principles
Jotun has built a comprehensive, regulated and effective approach to Corporate Responsibility (CR) that is
guided by our corporate values of Loyalty, Care, Respect and Boldness. We are committed to doing business
‘the right way’, delivering ongoing value for all stakeholders.
Jotun believes that a business is defined by the way it conducts
itself. Behaviour builds reputation in the market, steers
supplier relationships, impacts upon the hiring and retention of
employees, creates corporate culture and, ultimately, influences
success or failure.
We see good corporate behaviour – acting with integrity,
honesty and care – as fundamental to good results. It is not a
‘nice to have’, but rather it is, and has been since our formation
in 1926, a key part of Jotun’s DNA.
Structured for success
Growing companies require clear standards to guide and
facilitate progress. For a company like Jotun, with over 10 000
employees and activity in more than 100 countries, it is essential
that we have a uniform culture, mission and expectations to
ensure sustainable success. Our approach to CR is a cornerstone
of that development.
Jotun’s CR strategy is well-established, organisationally
embedded, and communicated to all employees. It is
structured in accordance with policies and practices based
upon the Human Rights convention of the United Nations
(UN), the International Labour Organization (ILO) convention,
Organisation for Economic Co-operation and Development
(OECD) guidelines for multinational companies, and the UN’s
Global Compact principles.
Jotun ensures it abides by, and enforces, local laws in every area
of operation.
Governing standards
Effective governance ensures Jotun can fulfil its objective
of operating as a good corporate citizen, meeting defined
company standards and enhancing global reputation.
The Group has implemented clear and responsible governance
structures throughout Jotun, with Board decisions cascading
down through the organisation to ensure central strategy
translates to local impact. The Board supervises the Group
Management and they, in turn, oversee regional and local
management teams that work effectively to adhere to standards
and contribute to the success of Group strategy.
Jotun conducts a comprehensive programme of reviews and
audits to confirm that Group policies are functioning and
individual businesses are performing in line with expectations.
These include:
• Business reviews
• Financial audits
• Human Resources (HR) reviews
• Health, Safety and Environment (HSE) audits
• Supplier audits
• CR reports
Jotun endeavours to continuously refine, adapt and enhance
its approach to governance in an effort to optimise long-term
value for all business stakeholders.
Data support
In 2019, Jotun focused on increasing the number of companies
linked to its standardised Enterprise Resource Planning (ERP)
solution, allowing for improved data sharing and process
support. This long-term investment gives Jotun the ability to
better govern critical data, both on a local and corporate level,
providing greater security and enhanced decision making.
By the conclusion of 2019, a total of 45 companies across
38 countries were linked to the ERP system, with the plan
to implement the solution throughout the entire global
organisation before the end of 2020.
BUSINESS ETHICS