AVK sustainability report 2023 with links A4 - Flipbook - Page 49
POLICIES AND
ESG REPORTING
The gender diversity of the top two
management levels in AVK Holding is 27.78%.
In total, there are 18 managers in five different
functional areas and 14 departments. Of these
18 managers, five are women.
Our goal is to increase the proportion of women
in the top two management levels of AVK
Holding’s management to 30% by the end of
2025.
Risk assessment
We follow the upcoming requirements in
connection with the implementation of CSRD
and ESRS very closely. We are aware of
the requirements placed on us as a Group,
and these include the preparation of a risk
assessment in the future. AVK will prepare this
overall risk assessment, which will apply to the
entire AVK Group.
During 2023/24, materiality analyses will begin
to align with ESG themes and the upcoming
requirements of CSRD and will also include
double materiality. The work on the materiality
analyses will extend over the next few years.
We will identify our risks and align them
with relevant policies
Existing and new policies must be assessed
and determined in each of the three areas (E,
S and G) in accordance with the requirements
of the CSRD, ESRS and the future CSDDD.
Particular attention will be paid to policies in the
following areas:
• E: Environment and climate policy
• S: Ethics/human rights policy; Diversity
policy, Employment relations policy and
Work-related health and safety policy
• G: Anti-corruption and business ethics policy
Report on inequal gender representation
in management
When recruiting and appointing managers at
AVK, the principle of choosing the best qualified
person for the job is followed. At the same
time, our industry with technical and industrial
products is traditionally male dominated,
which creates a gender imbalance both at
management level and among employees in
general. As such, we also have a responsibility
to make the AVK Group more attractive to
women.
Our target is to have 20% of women on the
board. At the end of the financial year, AVK
Holding achieved this target with a share of
20% consisting of women without employee
representatives. With employee representatives
it is 37.5%, an increase of 28.5% compared
to last year and we see this as a positive
development.
At present, the management ensures, as far
as possible, that qualified female candidates
are represented at the final interviews for
management positions in AVK Holding. At
the same time, we want to strengthen efforts
to increase the number of women in global
leadership positions. Therefore, we pay special
attention to gender equality in connection with
the promotion of managers in the AVK Group,
including through the Succession Planning
process.
Report on Data Ethical Policy
In line with digital developments, the AVK
Group is increasingly focusing on the use of
data. Having a responsible data culture means,
among other things, ensuring transparency,
protecting privacy and being accountable for
the use of data. Therefore, AVK adopted a data
ethics policy in the financial year 2021/22.
Our data ethics policy aims to ensure AVK’s
core values for the use of data and thus
ensure that we handle the use of data with
respect. The policy is available on the AVK
Group’s intranet. In the coming financial year,
we will revise the policy and ensure a broader
anchoring in the organisation.
Until 1 October 2023, there were no women
represented in the Executive Board. On 1
October 2023, a new management team came
into force with the Group Executive Board.
In this board, two out of eight members are
women, representing a proportion of 25%.
AVK Sustainability report 2022/2023 | 49