Sustainability / Governance
Building a foundation for sustainable growth
Jotun is directed, managed and controlled through a clearly structured and transparent
governance framework that enables the company to operate responsibly and establish and
execute policies consistent with its values.
Jotun Group Report 2021 I 67
Jotun’s governance framework has been established by
Jotun’s Board of Directors and is grounded in Jotun’s Business
Principles and Values (Loyalty, Care, Respect and Boldness).
These concepts are reinforced by corporate, regional and
divisional bodies and supported by documents, policies and
leadership training.
POLICIES AND COMPLIANCE
The hierarchy of governance bodies is as follows: The Board of
Directors, Jotun Group management and regional and local
management, with the support of staff functions on all levels.
Local policies derive from Group policies, which are expressed
in a hierarchy of steering documents. These documents are
accessible to all employees through the Jotun Management
System, which is updated semi-annually.
To ensure all Jotun companies are in alignment with Group
policies, the company has established extensive compliance
programmes that apply to all relevant aspects of the business.
For example, every Jotun company is required to submit HSEQ
performance reports for review by their respective Boards.
Once a year, the Board of Directors of Jotun A/S is updated
on the compliance status of each company. Jotun also verifies
compliance through certification by recognised international
standards, such as Quality Management (ISO 9001),
Environmental Management (ISO 14001) and Occupational
Health and Safety (ISO 45001).
REPORTING, AUDITS AND REVIEWS
Jotun has established a broad range of internal reporting
systems, audits and reviews to make sure performance is
in line with expectations. These systems are continuously
updated to reflect new policies developed by relevant
departments. For example, Jotun schedules periodic
Business Reviews for all Jotun companies. In addition to
detailing sales figures and market forecasts, companies
must provide data covering everything from environmental
impacts and competence development milestones to
health and safety initiatives and Corporate Responsibility
projects, among other topics. In addition to tracking Jotun’s
performance in multiple categories, the Board of Directors
remains in constant dialogue with senior management to
improve performance. Once changes are adopted, they are
communicated throughout the organisation via governing
bodies, steering documents and follow-ups at corporate,
regional and local levels.