Corporate responsibility within Olvi Group
Sustainable development is part of our strategy and is reflected in our day-to-day operations. We promote responsible and sustainable business operations throughout our value chain, from the procurement of raw materials to the environmental footprints of our products and well-being at work. We also help our partners, customers and consumers make sustainable choices.
Olvi’s sustainability themes
In defining our focus areas of responsibility work at Olvi Group, we considered the environment, social responsibility and good governance. We updated our priority areas in 2023 in accordance with our renewed strategy, emphasizing stronger consideration of the value chain at the same time. These new three theme areas are environment, people and products.
When defining the priorities of our responsibility work, we have taken into account the megatrends affecting our operating environment and the expectations of stakeholders. Sustainable development, digitalization, consumer behavior and globalization bring both challenges and opportunities to our business. Megatrends affecting our business.
Our responsibility work in practice
Our goal is to make our water use even more sustainable, to be the best possible workplace for our personnel, and to promote a responsible drinking culture. We also work to protect biodiversity and defend human rights throughout our value chain. Our success is based on effective stakeholder cooperation and compliance with ethical procedures. All of our main sustainability targets.
We have already accomplished a lot. For example, we have reached carbon neutrality at Iisalmi brewery in its operations and we use EKOenergy ecolabelled electricity. That helpsus, among other things to contribute to the access of clean drinking water in low- and middle-income countries. We have compiled case examples of our successful responsibility work on our website. Case examples of our responsibility work.
More information about our responsibility work can be found in our annual report. Our annual reports.
Sustainable development commitments as a basis
The background of our responsibility work is influenced by international commitments and agreements. We promote the UN’s sustainable development goals, which are combined with our own responsibility goals. We are also involved in the UN’s Global Compact initiative and are committed to its ten principles both in our own operations and in our value chain. These principles guide our work to promote human rights, workers’ rights and environmental protection, and to prevent corruption. United Nations Global Compact website.
As the Olvi Group, we are also committed to setting ambitious, science-based emission reduction targets as a member of the international Science Based Targets initiative (SBTi). The aim is to limit global warming to 1.5 °C in accordance with the Paris Climate Agreement.
Press release about Olvi’s commitment to climate goals based on science. Science Based Targets website.
Management of responsibility work at Olvi
Our values, strategy, ethical business practices, guidelines and agreements defined at the group level form the basis for responsible management at Olvi.
Lean philosophy and operating models as well as certified management systems create ways to work towards our responsibility goals. The members of our professional community play a key role in bringing sustainable development into our everyday work. Sustainability governance and management.
The assessment and prevention of sustainability risks is important in order to guarantee stable and sustainable business operations and to promote sustainable development. This way, we can also respond to our stakeholders’ expectations on the development of even more sustainable business operations. Creating value for stakeholders.
“We work systematically at Olvi to promote responsibility. We will develop towards carbon neutrality in our operations by 2030, and throughout the value chain by 2040. We will focus on utilising renewable energy, reducing water consumption, and understanding and positively influencing human rights impacts and biodiversity.”
Patrik Lundell, CEO, Olvi Plc