Ratos sustainability effords is based on the UN's global goals for sustainable development in Agenda 2030.
A double materiality analysis and stakeholder dialogue were used to identify which sustainability areas Ratos needs to focus and report on. The double materiality analysis forms the basis for how Ratos prioritises its most important sustainability issues.
Ratos uses double materiality, which entails evaluating different sustainability topics from two perspectives: Ratos’s impact on the world and the world’s impact on Ratos.
Ratos’s double materiality analysis includes:
- Surveying and analysing relevant sustainability issues for Ratos and its portfolio companies.
- Surveying typical risks and external factors, such as relevant regulations.
- Dialogue with key stakeholders.
Ratos defines its most significant sustainability issues based on the issues deemed most material. For each of these issues, Ratos develops targets and action plans to carry out and develop its sustainability and to strengthen its long-term value creation.
Policy framework and risk management
Ratos has a structured approach to managing and addressing relevant risks. An important tool is Ratos’s policy framework, consisting of:
- the Code of Conduct
- the Policy for Sustainability and Responsible Investments
- the Environmental Policy
The above policies are published on Ratos website. The policy framework is based on the UN Global Compact’s ten principles for responsible business. Sustainability at Ratos is based on the UN SDGs and Principles for Responsible Investment, which are based on the established concept of ESG.
Significant sustainability issues
According to the materiality analysis, the following sustainability issues were deemed the most material for the Ratos Group.
- Climate impact, energy consumption and other environmental impact from existing buildings such as offices, production facilities and logistics properties, but also from other activities.
- Impact on the ecosystem and water.
- Working conditions and a good working environment that promotes health, safety and well-being also in the value chain, not least for migrant workers.
- Safety in the product and service offering.
- Ability to attract, develop and retain competence.
- Compliance with laws and regulations in all home markets.
- IT security and data integrity.
- Automation and digitization.
- Constraints in the supply chain.