Global commitment
In collaboration with its partners, Jotun can generate a greater positive
impact while ensuring effective resource allocation. Organisations worked
with over the past years include the International Red Cross Red Crescent,
Norwegian People’s Aid, Bellona, UN Global Compact and Transparency
International. In 2021, Jotun made substantial donations to UNICEF and the
COVAX programme and to the Red Cross Red Crescent in their work to fight
the pandemic in India.
Local commitment
Jotun operates in many countries around the world, and the needs in the
local communities often differ. Therefore, the company focuses on initiatives
that can make a difference locally, engage our employees, make targeted
donations, and share our expertise. Jotun help fund institutions like schools
and hospitals, making it easier to access basic health services and education.
Many of our projects also target disadvantaged and vulnerable groups,
helping them regain confidence and see prospects for their future. In 2021,
these efforts also focused on providing local support for communities
impacted by the coronavirus pandemic.
Business ethics
As a responsible corporate citizen, Jotun puts ethical business conduct at
the heart of our operations. Standing by our values and business principles
allows us to sustain a robust and effective organisation in light of evolving
markets and growing competition.
Jotun conducts business operations in line with the company values
(Loyalty, Care, Respect and Boldness) in the interest of customers, suppliers,
employees, shareholders, the environment, and society at large. Jotun’s
business principles cover the areas of ethics and integrity, community, fair
trade, and free competition. They also define how the company treats
employees and operate the business.
Anti-corruption, dilemma training
Jotun works actively against corruption. Corruption and bribery are threats
to economic development and foster poverty. The Board recognises Jotun’s
responsibility to customers, shareholders, employees, and local communities
where the company is active, to maintain its integrity and live by high ethical
standards. Jotun emphasises openness, discussions, and training as the best
way of creating the right attitudes in combination with rules and guidelines.
Jotun’s approach and expectations are defined by Jotun’s Anti-Corruption
Policy. The Policy provides an overview of Jotun’s approach to anticorruption
and outlines the basic requirements that Jotun employees are
required to follow to avoid corrupt practices in connection to their company
business activities.
While all employees are required to adhere to Jotun’s Anti-Corruption
Policy, The Board recognises that certain employees, including sales teams,
purchasing staff and company management, face greater risk of exposure
to potentially corrupt scenarios. As such, they receive tailored training
initiatives, with a particular emphasis on dilemma training.
Whistle blowing
Jotun has established a channel for reporting intolerable circumstances
relating to Jotun’s activities, which can be used both for internal and
external stakeholders. All reports are handled confidentially, and whistleblowers
are protected and treated with respect. Jotun encourages
individuals to report on suspected severe violations of Jotun’s Business
Principles, laws or regulations.
Human rights
Jotun supports international efforts, standards, declarations, and
collaborations aimed at creating fair, proper and healthy business
environments. Jotun’s Human Rights Policy is aligned with the United
Nations Guiding Principles on Human Rights and the International Labour
Organisation (ILO) Declaration on Fundamental Principles and Rights at
Work. The company adheres to the United Nations Global Compact (UNGC)
to contribute to the goal of creating a sustainable and inclusive global
economy.
7. GOVERNANCE
Jotun’s governance framework defines how Jotun is directed, managed, and
controlled to ensure sound decision-making and responsible operations.
Governance bodies
Jotun’s values, Business Principles and commitment to sustainability are
anchored by Jotun’s Board of Directors. These concepts are reinforced by
corporate, regional, and divisional bodies, and supported by documents,
policies, and leadership training. The hierarchy of governance bodies is as
follows: Board of Directors, Jotun Group management, regional and local
management with the support of staff functions on all levels.
Policies and programmes
All Group policies and guidelines are grounded in Jotun’s corporate values
(Loyalty, Care, Respect and Boldness), Business Principles and sustainability
commitments. Local policies derive from the Group policies, providing a
hierarchy of steering documents. These documents are accessible to all
employees within the framework of the Jotun Management System, which
is updated semi-annually.
Compliance
Jotun’s extensive compliance programme ensures the effective handling
of issues within our companies. Group companies are responsible for
operational compliance, while support functions provide the companies
with necessary materials and guidance. For example, every Jotun company
reports on its HSEQ performance, with reports regularly reviewed by their
respective Boards. Once a year, the Board of Directors of Jotun A/S are
updated on compliance status, including whistleblowing cases.
Certifications
A number of our companies are certificated according to the following
standards: Quality Management (ISO 9001), Environmental Management
(ISO 14001) and Occupational Health and Safety (ISO 45001).
Reporting, audits, and reviews
Jotun has established reporting systems, audits and reviews to make sure
performance in line with expectations. These systems are continuously
updated to reflect new policies developed by relevant departments.
Operational activities are followed up through a combination of structured
self-reporting, internal control, audits, and reviews.
Jotun schedules periodic Business Reviews for all Jotun companies.
Board of Directors
14 I Jotun Annual Report 2021
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