KARLSHAMN, Sweden--(BUSINESS WIRE)--Regulatory News:
AAK (STO:AAK) has today released its Sustainability Report for 2014/2015. The report outlines AAK’s sustainability commitments, activities and achievements in five focus areas based on the company’s model for responsible growth – Marketplace, Supply chain, Environment, Workplace and Community.
“We have made some great improvements for a number of key resource efficiency parameters which is particularly impressive given that we have shifted to more specialized and tailor-made products that, in general, require more resources per produced unit”, says Arne Frank, President and CEO, AAK Group. “Calculated per produced unit energy consumption, water discharge and CO₂ emissions have been reduced by 2.8, 3.3 and 11.0 percent respectively. These achievements have been delivered by a very dedicated and highly responsible global organization. We’re also very pleased to see that our dedicated focus on safety really has paid off globally with a 58 percent reduction in Lost Time Injury Rate at our production plants.”
AAK also reports strong progress on its palm oil commitments, specifically on the implementation of the company’s sustainable palm oil policy including traceability to mills. By the end of 2014, AAK had achieved 100 percent traceability to mill for all palm oil sourced at origin and 97 percent overall for palm oil, palm kernel oil and their derivatives. In parallel, qualitative risk assessments against AAK palm oil requirements had been completed for all identified supplier mills.
In addition, AAK reports on the very successful women’s groups program in West Africa. During the season 2014/2015, AAK has locally in Burkina Faso been reaching out to 55,000 women, a 49 percent increase compared to last season.
Throughout the report, AAK colleagues tell about local sustainability initiatives and managers share their thoughts and insights in their specific areas of responsibility. The report also includes external testimonials to highlight AAK’s work from an outside perspective.
The information is that which AAK AB (publ.) is obliged to publish under the provisions of the Stock Exchange and Clearing Operations Act and/or the Trading in Financial Instruments Act. The information was released to the media for publication on October 8, 2015 at 2:00 p.m. CET.
AAK is a leading provider of value-adding vegetable oils & fats. Our expertise in oils & fats within food applications, our wide range of raw materials and our broad process capabilities enable us to develop innovative and value-adding solutions across many industries – Chocolate & Confectionery, Bakery, Dairy, Infant Nutrition, Food Service, Personal Care, and more. AAK’s proven expertise is based on more than 100 years of experience within oils & fats. Our unique co-development approach brings our customers’ skills and know-how together with our own capabilities and mindset for lasting results. Listed on the NASDAQ OMX Stockholm and with our headquarters in Malmö, Sweden, AAK has 18 different production facilities, sales offices in more than 25 countries and more than 2,500 employees. We are AAK – The Co-Development Company.
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