CEO's COMMENTs

Our long-term sustainability work focuses on economic, social and environmental responsibility. This commitment is a foundation stone on which to maintain and further develop our business activity based on products and solutions that meet or surpass our customers’ expectations. Satisfied customers who can depend on Addtech’s expertise and ethical agenda are our most important objective. Our focus on profitability also gives us the muscle to invest in sustainable business development and to constantly refine our acquisition agenda. Just as our customers must always be able to rely on Addtech as a partner, we have a deeply-rooted focus on being a reliable and attractive owner both of our existing companies and the businesses that we are seeking to acquire.

In our well-established corporate culture, our business activities are driven forward via a system of decentralised responsibilities in our companies underpinned by support at Group level. We work in exactly the same way on sustainability. The Group supports its companies via ongoing skills development via the wide-ranging programme of our Business School, and offers tools and processes for employee surveys, supplier evaluation and quality and environmental assurance etc. This gives strength to our independent, often relatively small contractor businesses, making them a more attractive proposition and at the same time enabling us to reduce our risks.

During the year, we increased the tempo of our sustainability work. We conducted a new stakeholder dialogue and are addressing our stakeholders’ wishes and expectations. Using the stakeholder analysis, we draw up priorities based on the issues that are important to us. We make high demands of ourselves and so it is natural for us to make the same high demands on every part of the value chain. Against that background, during the year we continued to progress our work on supplier assessments to develop dialogue and ensure constant improvements.

Our employees’ day-to-day commitment makes a difference, and is an absolute key condition to our success. Skills and appetite for change create opportunities for developing Addtech on behalf of our shareholders and customers. It is our employees who are driving our competitiveness and playing a part in the development of society.

As a result, our sustainability work consists largely of being an attractive employer and providing a workplace where employees enjoy their work, have a sense of pride and develop personally.

We will continue to work on sustainable business development, implement our strategies and set clear goals. This will entail working with our suppliers and at the same time focusing on bringing about continuous improvements in ourselves. We will also continue to focus on exceeding our customers’ expectations of our products and solutions.

Johan Sjö

President and CEO Addtech AB