Results and reporting

Orkla seeks to promote trust in the Group’s operations through good, open communication. We publish an annual sustainability report which is included in Orkla’s annual report. Through our website, we also provide information on Orkla’s procedures and important sustainability initiatives. We also report on our environmental work to the investor initiative CDP and on our efforts to promote sustainable sourcing to the member-based resource centre Ethical trade Norway.

Orkla’s sustainability work is based on an assessment of the topics of corporate responsibility which we see as most relevant to our operations and the sustainability challenges that present particular business risks or opportunities for Orkla. In making our assessment, we take account of the importance of our efforts for society at large, for key stakeholder groups and for Orkla’s competitiveness. Orkla’s sustainability reporting covers the Group’s efforts to address the topics identified as important or material. The process of analysing materiality is described in greater detail below.

The reporting for 2020 is included in Orkla’s Annual Report, which was published on 19 March 2021. The report is based on the standards of the international reporting organisation Global Reporting Initiative (GRI). The choice and treatment of information is based on the GRI principles for good reporting practices, and we have focused on providing a good overall understanding of Orkla’s work, reporting on material matters and activities, presenting a balanced picture and facilitating comparison with previous years. The Orkla sustainabaility reporting for 2020 has been prepared in accordance with the GRI Standards: Core option. An overview of the standards and indicators covered is provided below. In preparing the report, Orkla also applied the Oslo Stock Exchange’s guidance on the reporting of corporate responsibility.

The information in Orkla’s sustainability report is based on input from numerous entities and data sources. Great emphasis has been placed on ensuring that the information is correct. However, the report does not aim to cover in detail every matter that might be significant for individual local companies, activities or products. Unless otherwise stated, the key figures in Orkla’s sustainability reporting cover every business in which Orkla owned an interest of more than 50% as of 31 December 2019. Orkla’s climate accounts are prepared in accordance with the GHG Protocol, and verified by the audit and consulting company EY. For information on the sustainability work carried out by Orkla’s associate Jotun, reference is made to Jotun’s own reporting. For information on the sustainability work in the associated company Jotun, please refer to the company’s own reporting.

To enable us to further develop and improve our sustainability performance and reporting procedures, we welcome comments and suggestions. Such comments may be sent to info@orkla.no.

Contacts

Inger-Johanne Eikeland

Senior Vice President EHS

Inger.Johanne.Eikeland@orkla.no

+47 91 30 87 49

Ellen Behrens

Sustainability Director

ellen.behrens@orkla.no

+47 92 80 45 80

Håkon Mageli

Group Director, Corporate Communications & Corporate Affairs

hakon.mageli@orkla.no

+ 47 928 45 828

More info/CV