SUSTAINABILITY REPORT OEM’s 2022

The strength of OEM’s sustainability agenda is that it is incorporated in the business model.

The organisations’ extensive product and application expertise also includes sustainability aspects and thus forms a natural part of the business. Effective sustainability practices are also a competitive advantage and help safeguard OEM’s future growth and financial stability. The Group’s overall sustainable development goals are in line with prioritised components of Agenda 2030 and embrace the three fundamental pillars of sustainable development; economic, environmental and social. OEM also enhances its competitive advantage and position as an attractive employer by working proactively to reduce negative environmental impacts, uphold high ethical standards, promote equal opportunities and create financial stability.

OEM’s Board of Directors, through group management, has overall responsibility for the group’s sustainability work. Through a decentralised corporate culture, the operational responsibility lies with the companies, whose goals and activity plans are in line with the overall sustainable development goals. To optimise and drive the sustainability agenda forward, OEM has a sustainability committee with representatives from the major companies. The mission of the sustainability committee is to create a coordinated approach, a high level of quality and strong focus on the sustainability performance of the whole Group. The Parent Company can provide tools and processes where necessary to further support these activities. The Group has a whistleblowing system in place that is an important mechanism for maintaining high ethical standards and a culture of openness. This provides a channel for employees to report any violations or suspected wrongdoing or misconduct. This working model ensures the right focus, quality and responsibility in sustainability practices at every stage.

The daily commitment of employees makes a difference, and is a prerequisite for the success of OEM. It is the employees who promote the competitiveness of the company and contribute towards social development. It is therefore an important factor in work with sustainability to be an attractive employer, and to have a workplace where employees are content and able to develop.

The sustainability report covers all companies in the OEM group and is prepared in accordance with the statutory requirements in the Annual Accounts Act, chapter 6, 12 §. The Board of Directors has approved the sustainability report for submission.