RESPECT
Value differences in people
Be honest and fair
Build diverse teams across culture and gender
Follow laws and regulations
Treat others the way they expect to be treated
BOLDNESS
Take initiatives to create the future
Initiate and nurture change
Communicate openly, honestly and with integrity
Be proactive
Address difficulties constructively
Contents
INTRODUCTION 02
Group key figures 03
Jotun at a glance 04
Four segments 05
Regional highlights 06
OUR BUSINESS 08
Statement from the President & CEO 10
Marine Coatings 12
Protective Coatings 16
Powder Coatings 20
Decorative Paints 24
CUSTOMERS AND INNOVATION 28
Hull Skating Solutions 30
Iconic structures 32
Exterior intumescent coating 34
Digital inspiration 36
CORPORATE RESPONSIBILITY (CR)
AND GOVERNANCE 38
Business ethics 40
EMPLOYEES AND THE WORKPLACE 42
HR review 44
Digital solutions 46
Mobility 48
HSEQ 50
Safety 52
ENVIRONMENTAL COMMITMENT 54
Jotun GreenSteps 56
Patents 58
Solvent-free primer 60
R&D centre in Norway 62
JOTUN AND SOCIETY 64
Global commitment 66
Local commitment 67
Responsible purchasing 68
Anti-corruption 70
FINANCIAL PERFORMANCE 72
Chairman of the Board 74
Financial statements 75
Executive summary of the
financial statement for 2020 80
COMPANY OVERVIEW 82
Board of Directors and Corporate Assembly 84