DOCSLIB.ORG

At the Steering Wheel a Closer Look Into Leadership Within the Volvo Group Editorial

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
At the Steering Wheel a Closer Look Into Leadership Within the Volvo Group Editorial STORIES FROM THE WORLD OF THE VOLVO GROUP 5.2017 LIFE ON BOARD DURING THE VOLVO OCEAN RACE RENAULT TRUCKS FINDS NEW WAYS FOR USED VEHICLES HOW DRIVER INPUT MADE MACK ANTHEM AT THE STEERING WHEEL A CLOSER LOOK INTO LEADERSHIP WITHIN THE VOLVO GROUP EDITORIAL Dream big and have fun! Y FAVOURITE STORY about We all need the courage to take risks, dare to leadership is the one about the fail and learn from our mistakes so that we are hen that laid a golden egg every more successful next time. This means that day. When the farmer found we need to move towards more value-based the golden eggs, he became leadership as opposed to the kind of leadership Mso greedy that he simply counted the eggs and that is governed excessively by rules, processes forgot to look after his precious hen. and guidelines. It goes without saying that we You can either count the eggs or you can take need rules ensuring that we behave ethically and care of the hen and make sure that she continues correctly as a global enterprise. In this context to produce golden eggs. I am a great believer in our code of conduct is the compass that will help the second of these. Translated into our context, us move in the right direction. You can read this metaphor means that everything starts more about the important Code of Conduct in with care of our people. As I see it, leadership this issue of Volvo Group Magazine. comes from within and is a question of engaging, When I am out and about meeting customers challenging and encouraging the people around in different parts of the world, they sometimes you to let them improve their performance still comment on our corporate culture and the fact further. I often use the expression “Dream big that, as a Group, we are friendly and have fun”. This is a really good motto that and personal in the way we encourages me never to be afraid of change but act. This makes me both to see it as an opportunity instead. proud and happy. Long-term The transport industry is developing at a rapid relationships are based on trust tempo and we are setting our sights on a leading and an open, honest dialogue. position. This is why I think it is so important for the Volvo Group to discuss leadership. Both the Executive Board and I have the task of making it easy for our managers to be leaders so that they can then inspire and engage their teams and employees. This is how we build our culture and make sure that we lead our industry. To help us achieve this, we have our common values, starting with customer success. AS A MANAGER or employee in the Volvo Group, you are encouraged to take the initiative and MARTIN LUNDSTEDT PRESIDENT AND CEO, make decisions that drive business forward. VOLVO GROUP VOLVO GROUP MAGAZINE is aimed at all the co-workers within the Volvo Group. It is published five times a year in Swedish, English, German, French, Portuguese for Brazil, Polish, Russian, Japanese, Dutch, Korean, Thai, Chinese and Spanish. PRINT RUN approx. 75,000 copies ADDRESS Volvo Group Magazine, Volvo Group Headquarters, Dept AA13400, VLH6, SE-405 08, Göteborg, Sweden PHONE +46 (0)31 66 00 00 E-MAIL [email protected] EDITOR RESPONSIBLE UNDER SWEDISH PRESS LAW Markus Lindberg EDITOR-IN-CHIEF Ann-Mari Robinson EDITORS Lotta Bävman, Carita Vikstedt, Tobias Wilhelm and Åsa Alström. A Group-wide Editorial Network also contributes content. MARKET LANGUAGE REVIEW Ann-Mari Robinson EDITORIAL PRODUCTION Spoon (project team: Maria Sköld, Linda Swanberg, Nic Townsend, Pernilla Stenborg, Ken Niss, Sofia Hammarin) PRINTED BY LSC Communications CHANGE OF ADDRESS Contact your local HR TRANSLATED BY Jeanette Kliger 2 VOLVO GROUP MAGAZINE 5 . 2017 5.2017 8 Leading by example In this special issue of Volvo Group Magazine, we explore what leadership means for employees, from HQ to the plant floor. Through choppy 8 42 waters Dee Caffari shares her experiences of what it is like to captain a team in the Volvo Ocean Race. Expanding to 48 new horizons With the newly-launched Anthem, Mack Trucks moves into the long-haul and regional transport segments. Rethinking 56 used trucks 42 48 To increase the resale value of its vehicles, Renault Trucks is successfully converting old models for new markets. What the future holds 64 for Volvo Penta Volvo Penta has successfully forged itself as a leader in innovation in its industries – now the challenge is to stay there. ALWAYS INSIDE 4 START 68 INSIGHTS 56 64 72 QUIZ VOLVO GROUP MAGAZINE 5 . 2017 3 start AROUND THE WORLD WITH THE VOLVO GROUP New Code of Conduct Code of Conduct Volvo Group supports safe and sound business A NEW CODE OF CONDUCT has commercial success. By following been launched for the entire Volvo the Code of Conduct we make Group, which sets the expectations sure that we do business the right for how the Volvo Group does way, no matter where we operate,” business – both ethically and in says Sofia Frändberg, Executive compliance with the law. It is hoped Vice President Group Legal & that it will help build trust, support Compliance. performance and drive customer The Code of Conduct covers A success. five key areas which are explained This magazine includes a short version “Building trust with customers, in in depth, including respecting one of the Code of Conduct as a supplement. society, and with its employees is another, earning business fairly and The full text, as well as other training one of the Volvo Group’s most vital lawfully, separating personal interests material, is available on Violin. cornerstones in our joint strive for from business activities, safeguarding company information and assets, and communicating transparently and responsibly. It addresses what the Volvo Group stands for. It also covers what is expected from everyone as Key areas a member of the Volvo Group family We respect one another as well as information on how to proceed if you need help or have a We earn business fairly concern. and lawfully PHOTO: PONTUS JOHANSSON PHOTO: THE CODE OF CONDUCT was We separate personal produced by a multi-functional and interests from business multinational team led by Corporate activities Compliance, and the final result is a document that applies to the entire We safeguard company Volvo Group. The way of working information and assets ensures that the Code of Conduct reflects the Group’s global business We communicate Sofia Frändberg, EVP Group Legal & and the requirements that all transparently and Compliance, was one of the members of the multi-functional team that developed employees face in a global context. responsibly the new Code of Conduct. ÅSE HALLENCREUTZ 4 VOLVO GROUP MAGAZINE 5 . 2017 The VGAS results continue to improve IN THIS YEAR’S Attitude Survey (VGAS), the Employee Engagement Index, the Performance Excellence Index and the Leadership Effectiveness Index all increased compared to the year before. The Values Indices also increased compared to 2016. PHOTO: VOLVO GROUP NORTH AMERICA NORTH GROUP VOLVO PHOTO: “Group management is really happy to see that the positive turn of the Employee Engagement Index last year continues also this year, and made a significant leap upwards. This, to me is a strong signal that we are on the right track,” says Kerstin Renard, EVP Anthony Falcon, Senior EMS Coordinator, was accompanied by Fredrik Högberg, SVP Retail Group Human Resources. Development. Many employees took the opportunity to learn more about customer needs. Employee engagement Experiencing the front line index (EEI) of customer service RECENTLY, the Uptime Center in Mack OneCall, is very much on the front 75% +3% above 2016, Greensboro, USA, invited all employees line of customer service and integral to -7% below high from across the Greenboro site to spend keeping the Volvo Group’s commitment performing norm* an hour with an agent as they dealt with to uptime. customer calls first hand. “We in the back office rarely have “It’s easier to show you what we do contacts with customers, so I think this Performance excellence than to explain what we do,” says Tyletha is a great exercise to remind us at the index (PEI) Hubbard, Quality and Training Manager. end of the day why we are here,” says The Uptime Center, which fields Andrea Tetto, Vice President of Market calls for both Volvo Action Service and Intelligence and Planning. 74% +2% above 2016, -10% below high Volvo Environment Prize performing norm* to ocean researcher PROFESSOR RASHID SUMAILA, one of the world’s Leadership effectiveness most innovative researchers on the future of the index (LEI) oceans, is the Volvo Environment Prize laureate for 2017. Rashid Sumaila integrates the social and economic dimensions with ecology, law, fisheries science and traditional knowledge to build novel pathways towards sustainable fisheries. 73% +2% above 2016, His work has challenged today’s approaches to -8% below high marine governance and generated exciting new performing norm* Rashid Sumaila, Professor ways of thinking about our relationship to the marine at The University of British *Represents the performance of the top 25% of Columbia in Canada biosphere. companies in IBM Kenexa's global database. VOLVO GROUP MAGAZINE 5 . 2017 5 start AROUND THE WORLD WITH THE VOLVO GROUP PHOTO: VOLVO FINANCIAL SERVICES FINANCIAL VOLVO PHOTO: HELLO ... ... Eva Bennis, Director Sustainability, Group Trucks Stop Look Wave icons have been added to intersections at Safety Town, a miniature city in Purchasing (GTP) Greensboro, USA, which has been educating children in traffic safety for nearly 40 years. You and a colleague from Group Trucks Purchasing recently visited suppliers in South Africa.
Load more

Recommended publications
  • THE D.A.P. CATALOG MID-SUMMER 2019 Pipilotti Rist, Die Geduld [The Patience], 2016
    THE D.A.P. CATALOG MID-SUMMER 2019 Pipilotti Rist, Die Geduld [The Patience], 2016. Installation view from Kunsthaus Zürich. Photo: Lena Huber. Courtesy the artist, Hauser & Wirth and Luhring Augustine. From Pipilotti Rist: Open My Glade, published by Louisiana Museum of Modern Art. See page 20. Mid-Summer 2019 New Releases 2 CATALOG EDITOR Back in Stock 9 Thomas Evans DESIGNER Lower-Priced Books 10 Martha Ormiston PHOTOGRAPHY Books for Summer 12 Justin Lubliner, Carter Seddon COPY WRITING More New Books 14 Janine DeFeo, Thomas Evans, Megan Ashley DiNoia, Arthur Cañedo, Jack Patterson Recently Published by Steidl 26 FRONT COVER IMAGE Stefan Draschan. from Coincidences at Museums, published by Hatje Cantz. See page 5. SPRING/SUMMER ■ 2019 ■ Basquiat's "Defacement": The Untold Story Text by Chaédria LaBouvier, Nancy Spector, J. Faith Almiron. Police brutality, racism, graffiti and Jean-Michel Basquiat painted Defacement (The Death of Michael Stewart) on the wall of Keith the art world of the early-1980s Haring’s studio in 1983 to commemorate the death of a young black artist, who died from injuries sustained while in police custody after being arrested for allegedly tagging a New York City subway Lower East Side converge in one station. Defacement is the starting point for the present volume, which focuses on Basquiat’s response to anti-black racism and police brutality. Basquiat’s “Defacement” explores this chapter painting by Jean-Michel Basquiat in the artist’s career through both the lens of his identity and the Lower East Side as a nexus of activism in the early 1980s, an era marked by the rise of the art market, the AIDS crisis and ongoing racial tensions in the city.
    [Show full text]
  • Sca Annual Report 2019 2019 Introduction
    SCA ANNUAL REPORT 2019 SCA ANNUAL REPORT 2019 INTRODUCTION Europe’s largest private forest owner SCA is Europe’s largest private forest owner with 2.6 million hectares of forest in Northern Sweden and 30,000 hectares in Estonia and Latvia. Based on this unique resource, SCA has developed an industry that generates the greatest possible value in and from the forest. 2.6 million hectares of forest land Pulp mill SCA ANNUAL REPORT 2019 SCA ANNUAL REPORT Sawmills Publication paper mills Kraftliner mills SCA’s forest holdings Estonia Latvia 2 Cover: SCA’s large forest holding is a unique asset that forms the basis for the company’s value chain. This is SCA Contents Introduction 3 This is SCA 4 The year at a glance Forest 6 President's message SCA owns a total of 2.6 million 8 Value chain hectares of forest in Northern 10 The green cycle Sweden, an area nearly the size of Belgium, and 30,000 hectares in 12 Forest and climate Estonia and Latvia. SCA’s unique 14 Vibrant local communities forest asset is a growing resource 16 Trends that provides access to high- quality forest raw materials while capturing a net of more than 10% Strategy and operations 18 Strategy of Sweden’s fossil CO2 emissions. 22 Forest Wood 28 Wood SCA is one of Europe’s leading 32 Pulp suppliers of wood-based products 36 Paper for the wood industry and building materials trade, with an annual pro- 42 Renewable energy duction capacity of 2.2 million m3 44 Logistics of solid-wood products.
    [Show full text]
  • Annual and Sustainability Report 2018
    Annual and Sustainability Report 2018 We build for a better society. B Skanska Annual and Sustainability Report 2018 Operations Skanska’s operations consist of Construction and Project Development, including Residential Development, Commercial Property Development and, until 2018, Infrastructure Development. Business units within these streams collaborate in various ways, creating operational and financial synergies that generate increased value. Residential Commercial Property Infrastructure Construction Development Development Development 1 Constructs and renovates build- Develops new residential projects, Develops customer-focused office Secures and manages the value ings, infrastructure and homes, including single and multi-family buildings, shopping centers and of Skanska’s existing public- along with facilities manage- housing, built by the Construction logistics properties built by the private partnership (PPP) assets. ment and other related services. business stream. Construction business stream. 1 As of January 1, 2019, Infrastructure Development is no longer a business stream and is reported in Central on a separate line. Well diversified, Percentage of total revenue in 2018 with a leading market position Skanska’s diversification across various business streams with operations in eleven countries and several market segments strengthens the Group’s 40% SwedenSweden competitive standing and ensures FinlandFinland Norway a balanced and diversified risk profile. USA 38% Denmark United Kingdom Poland Czech Republic SlovakiaSlovakia Hungary 22% Romania Green revenue in 2018 Green market value in 2018 Green financing in 2018 Percentage of total Construction revenue Percentage of Commercial Property Percentage of total central debt 3 that is that is Green and Deep green, as defined Development market value from Green Green, according to the Skanska Green by the Skanska Color Palette™ 2.
    [Show full text]
  • Investor Presentation
    Investor Presentation Investor Relations April 26, 2019 A strong and integrated value chain Sales 1) (SEKbn) EBITDA 1) (SEKbn) 18.8 5.3 EBITDA margin 1) Industrial ROCE 2) Forest Renewable Wood energy 28% 16% Forestland Net growth Pulp Paper 2.6m ha 3.0m m3fo Note: 1) 2018. 2) ROCE for the industrial segments; Wood, Pulp and Paper. 2 Europe’s largest private forest owner Sawmill Forestland Pulp mill Kraftliner mill 6% Publication Paper mill 2.6m ha of Sweden Pellet production SCA’s forest Productive forestland Munksund 2.0m ha Obbola Rundvik Stugun Bollstabruk Standing volume Gällö Härnösand Östrand Tunadal 235m m3fo Ortviken 3 We use the Electricity Wind turbines entire tree Heat Bioenergy Logging residue & wood fuel Pellets Tall oil, Liquid biofuels black liquor & bark Pulp & paper mills Pulp Pulpwood Paper Wood-chips Bark & sawdust Sawmills Solid-wood products Sawlogs 4 Integrated value chain drives profitability EBITDA margin 30% 30% 25% 25% 20% 20% 15% 15% 10% 10% 5% 5% 0% 0% 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 Nordic peer 1 Nordic peer 2 Nordic peer 3 Nordic peer 4 Nordic peer 5 SCA 5 We deliver sustainable development Fossil-free world Valuable forests Efficient Responsibility for people use of resources and the community Profitable growth Values 2 SCA’s forests bind CO and Replaces 2 Higher growth enables more substitution – 5 renewable alternatives replace fossil Mt CO replace fossil based products 2 based products SCA’s renewable Non-renewable 1 products products Binds net Growing forests bind CO2 – 4
    [Show full text]
  • Erfahrung Ist Zukunft – Newsletter 02/2014
    NEWSLETTER 02/2014 www.erfahrung-ist-zukunft.de © Foto: Karsten Thormaehlen Horst Preisler ist 78 Jahre alt und Ansichtssache Alter Ultramarathonläufer. Fotograf Karsten Thormaehlen hat ihn für seine Serie „Silver Heroes“ fotografiert. Liebe Leserinnen und Leser, ältere Menschen, die modeln, und Supersportler, die die 70 schon lange überschritten Inhalt haben: Das Alter ist heute erstaunlich bunt und vielseitig. Doch in den Bildern, die wir im Kopf haben, überwiegen nicht selten die Stereotype vom gebrechlichen Alten auf der Neue Bilder vom Alter Parkbank. Karsten Thormaehlen fotografiert gegen diese Stereotypen an – und zeigt Seite 2 uns, wie viel Esprit und Würde das Alter haben kann (Seite 2 und 3). Mathe und Physik zum Anfassen Kindern Mathematik und Naturwissenschaften näherzubringen, ist das Ziel von Experi- Seite 4 minta. Das von älteren Ehrenamtlichen gegründete Frankfurter Science Center setzt dabei Rente in Europa: auf Exponate, die zum Anfassen und Ausprobieren einladen. Eine Idee, die offensichtlich Gemeinsamkeiten und Unterschiede überzeugt: Im Jahr 2013 wurde Experiminta – wie übrigens auch Karsten Thor maeh len – Seite 6 für den Deutschen Alterspreis der Robert Bosch Stiftung nominiert (Seite 4 und 5). Lebenswerte Regionen für jedes Alter: Was verschiedene europäische Rentenmodelle gemeinsam haben, wo die Unterschiede Modellprojekte gestartet liegen, erfahren Sie auf Seite 6 dieses Newsletters. Über regionale Modellprojekte zum Seite 7 demografischen Wandel schreiben wir auf Seite 7 und von wichtigen Änderungen zum Jahresbeginn 2014 berichten wir auf Seite 8. Termine Seite 7 Viel Spaß beim Weiterlesen! Änderungen zum Jahresbeginn 2014 Ihr EiZ-Team Seite 8 MEDIEN UND TECHNIK + Neue Bilder vom Alter Viel ist in jüngster Zeit von Altersbildern die Rede und davon, dass wir diese revidieren müssen.
    [Show full text]
  • Admission to Trading of the Shares in Essity Aktiebolag (Publ) on Nasdaq Stockholm Important Information
    Admission to trading of the shares in Essity Aktiebolag (publ) on Nasdaq Stockholm Important information For certain definitions used in this prospectus, see Certain“ definitions” on the next page. This prospectus has been prepared following a resolution at the 2017 Annual General Meeting of Svenska Cellulosa Aktiebolaget SCA (publ) (“SCA”) to distribute to SCA’s shareholders the shares in Essity Aktiebolag (publ) (“Essity” or the “Company”) and the Board of Directors of Essity’s application for listing of those shares on Nasdaq Stockholm. A Swedish version of this prospectus has been approved and registered by the Swedish Financial Supervisory Authority (the “SFSA”) in accordance with Chapter 2, Sections 25 and 26 of the Swedish Financial Instruments Trading Act (lagen (1991:980) om handel med finansiella instrument). Approval and registration does not imply that the SFSA guarantees that the information in the prospectus is accurate or complete. The prospectus is governed by Swedish law. Disputes arising in connection with this prospectus and related legal matters shall be settled exclusively by Swedish courts. The prospectus has been prepared in both Swedish and English language versions. The English version contains certain sections specifically directed to holders outside of Sweden, which are not included in the Swedish version. In the event of any conflict between the versions, the Swedish version shall prevail. This prospectus has been prepared for the purpose of Essity’s application of admission to trading of the shares in Essity on Nasdaq Stockholm and does not contain any offer to subscribe for, or in any other way acquire shares or other financial instruments in the Company, neither in Sweden nor in any other jurisdiction.
    [Show full text]
  • CREDIT RESEARCH June 4, 2021, 11:31 CET Real Estate | Sweden
    [3,533 CREDIT RESEARCH June 4, 2021, 11:31 CET Real Estate | Sweden Diös No recommendation Heading for the Northern Lights MARKETING COMMUNICATION . A leader in stable and growing cities of northern Sweden . Strengthening credit profile . Handelsbanken has a mandate to issue bonds for Diös Leading market position in a growing, dynamic region Diös Fastigheter AB (Diös) has a market-leading position in 10 larger, growing cities in northern Sweden, as well as in Gävleborg County and Dalarna County. In our view, its property portfolio is well-diversified in terms of regional presence, property types and tenants, of which around 31% are related to government and municipalities, and 8% are residential rental properties. Based on data from Statistics Sweden and the regional municipalities, we expect the markets where Diös is active to continue to show healthy population and economic growth, which should in turn support the local property markets. About the company Strengthening credit profile We expect Diös to continue to strengthen its credit profile, including a sustained Profile: LTV of less than 55%, a lengthening of the debt maturity profile and an increased Diös Fastigheter AB, owns, manages and develops share of unsecured capital markets funding. Thanks to its cash-generative property commercial and residential properties, primarily in the larger cities of northern Sweden. The company was portfolio, we find that Diös’ credit metrics, such as debt-to-EBITDA and interest founded in 2005 and is headquartered in Östersund. coverage, are typically stronger than many of its Swedish real estate peers’. Total assets amounted to SEK 25bn as of March 31, 2021.
    [Show full text]
  • Corporate Governance Report
    Corporate governance report Corporate governance report Good corporate governance ensures that Skanska is managed sustainably, responsibly and efficiently on behalf of all share- holders. The overall goal is to increase value for shareholders, and in doing so meet their expectations for invested capital. The purpose of corporate governance is also to ensure oversight by the Board of Directors (the “Board”) and management. By having a clearly defined governance structure as well as proper rules and processes, the Board can ensure that manage- ment and employees are focused on developing the business and thereby generating value for shareholders. This corporate governance report for 2019 has been reviewed by Skanska’s external auditors in accordance with Chapter 9, Section 31 of the Swedish Companies Act. The report contains information as required by Chapter 6, Section 6 of the Annual Accounts Act. Corporate governance principles Key external governing documents Skanska is one of the world’s leading construction and project development companies, focused on selected home markets in the • Swedish Companies Act Nordic region, Europe and the USA. Supported by global trends • Nasdaq Stockholm Rule Book for Issuers in urbanization and demographics, and by being at the forefront • Swedish Corporate Governance Code of sustainability, Skanska offers competitive solutions for both • Annual Accounts Act simple and the most complex assignments. Driven by the Skanska • Securities Market Act values, Skanska helps create sustainable futures for customers and • International Financial Reporting Standards (IFRS) communities. The parent company of the Group is Skanska AB and other accounting rules (the “Company”), with a registered office in Stockholm, Sweden.
    [Show full text]
  • Case M.8842 - TELE2 / COM HEM HOLDING
    EUROPEAN COMMISSION DG Competition Case M.8842 - TELE2 / COM HEM HOLDING Only the English text is available and authentic. REGULATION (EC) No 139/2004 MERGER PROCEDURE Article 6(1)(b) NON-OPPOSITION Date: 08/10/2018 In electronic form on the EUR-Lex website under document number 32018M8842 EUROPEAN COMMISSION Brussels, 8.10.2018 C(2018) 6690 final In the published version of this decision, some information has been omitted pursuant to Article 17(2) of Council PUBLIC VERSION Regulation (EC) No 139/2004 concerning non-disclosure of business secrets and other confidential information. The omissions are shown thus […]. Where possible the information omitted has been replaced by ranges of figures To the notifying party or a general description. Subject: Case M.8842 – Tele2 / Com Hem Holdings Commission decision pursuant to Article 6(1)(b) of Council Regulation No 139/20041 and Article 57 of the Agreement on the European Economic Area2 Dear Sir or Madam, (1) On 3 September 2018, the European Commission received notification of a proposed concentration pursuant to Article 4 of Council Regulation (EC) No 139/20043 by which Tele2 AB (Sweden) ("Tele2" or the “Notifying Party"), controlled by Kinnevik AB (“Kinnevik”), intends to acquire sole control of Com Hem Holding AB (Sweden) ("Com Hem") by way of a statutory merger (the "Transaction")4. Tele2 and Com Hem are collectively referred to as the "Parties". 1. THE PARTIES AND THE TRANSACTION (2) Tele2 is a Swedish telecommunications provider mainly offering mobile telecommunications services (voice and data), and to a lesser extent fixed telephony services, fixed internet access services, as well as data communication services and related services, in several European countries.
    [Show full text]
  • Teliasonera – Annual and Sustainability Report 2015
    WHAT WE DID IN 2015 ANNUAL + SUSTAINABILITY REPORT 2015 Our Company Contents Annual and Sustainability Report 2015 THE YEAR IN BRIEF WHAT WE DID 6 VALUE CREATION HOW WE CREATE VALUE 10 WHERE WE OPERATE OUR MARKETS AND BRANDS 12 OUR STRATEGY WHAT WE PRIORITIZE 18 2 Our Company Annual and Sustainability Report 2015 Contents The audited annual The corporate gov- The sustain- CONTENTS and consolidated ernance statement ability information accounts comprise examined by the reviewed by the pages 20–46, auditors comprises auditors com- 96–199 and 208. pages 47–67. prises pages 8–11, 16–17, 68–95 and 200–207. OUR COMPANY FINANCIAL STATEMENTS TeliaSonera in brief ................................................................. 4 Consolidated statements of comprehensive income .......... 96 The year in brief ..................................................................... 6 Consolidated statements of financial positions .................. 97 Comments by the CEO ......................................................... 8 Consolidated statements of cash flows .............................. 98 How we create value ........................................................... 10 Consolidated statements of changes in equity ................... 99 Where we operate ................................................................ 12 Notes to consolidated financial statements ...................... 100 Our market position .............................................................. 14 Parent company income statements ................................
    [Show full text]
  • Europe Building a Common Future Other Topics: Education: What Is Drawing Young Malaysians to Germany? Economy: How Specialists Are Opening Doors in Chile Contents
    ISSUE 03–04/14 The GIZ Magazine Europe Building a common future OTHER TOPICS: Education: What is drawing young Malaysians to Germany? Economy: How specialists are opening doors in Chile CONTENTS EUROPE: Jean-Claude Juncker referred to Europe as a ‘peace machine’. S TOUTH-EAS AsiA: New livelihoods But what is the future for Europe and the EU? 31 ten years after the tsunami IN THE SPOTLIGHT OPINION 8 Success down south 24 Integration: the European model 3 RIGHT) Gilbert Khadiagala on the importance of Baden-Württemberg and Malaysia have AGE been working in partnership for over the European Union for regional integra- 15 years to train Malaysian engineers. tion in Africa IN FOCUS COMMITMENT 28 Opening doors around the world 12 Europe Working at the interface between Unfinished agenda development policy and foreign trade 3 LEFT), GIZ/KARSTEN THORMAEHLEN (P AGE COMPANY PROFILE In focus: Europe can only exist if there promotion is a spirit of partnership. But its The Deutsche Gesellschaft für principal partners are still struggling to 31 Ten years on Internationale Zusammenarbeit (GIZ) find sustainable European answers How new structures have emerged GmbH offers sustainable and to key issues. ten years after the tsunami. effective solutions for political, Interview: Angela Filote, Head of the EU 2 LEFT), DIETER HERRMANN (P economic and social change Commission Representation in Romania 34 Urgent issues AGE processes. GIZ is a federal enter- Overview: Examples of GIZ’s work Despite much success, hunger remains prise that employs more than Figures: Europe – destination for a global challenge. 16,000 staff members and operates migrants, springboard for energy reforms in over 130 countries worldwide.
    [Show full text]
  • Teliasonera Annual + Sustainability Report 2014
    2014 Annual + Sustainability Report Directors’ Corporate Sustainability Financial Other Introduction Report Governance Work Statements GRI Index Information Contents Annual and Sustainability Report 2014 Contents Block Chapter Page Introduction TeliaSonera in brief 3 The year in brief 4 Comments by the CEO 5 Our organization 7 Purpose and values 8 Markets and brands 9 Role in society 12 Directors’ Report Board of Directors’ Report 14 Risks and uncertainties 37 Corporate Governance Corporate Governance Statement 43 Board of Directors 60 Group Executive Management 62 Sustainability Work Sustainability focus area summary 64 United Nations Global Compact principles 65 Sustainability in TeliaSonera 66 Stakeholder engagement 70 Anti-corruption 73 Freedom of expression 76 Customer privacy 79 Occupational health and safety 81 Sustainability in the supply chain 83 Environmental responsibility 86 Other issues 88 Financial Statements Consolidated statements of comprehensive income 89 Consolidated statements of financial position 90 Consolidated statements of cash flows 91 Consolidated statements of changes in equity 92 Notes to consolidated financial statements 93 Parent company income statements 155 Parent company statements of comprehensive income 156 Parent company balance sheets 157 Parent company cash flow statements 158 Parent company statements of changes in shareholders’ equity 159 Notes to parent company financial statements 160 GRI Index GRI Index 181 Other Information Board of Directors' and President's certification 193 Auditors’ Report 194 Auditors’ Limited Assurance Report on the Sustainability Report 196 Ten-year summary – financial data 197 Ten-year summary – operational data 198 Definitions 199 Annual General Meeting 2015 201 Contact TeliaSonera 202 The audited annual and consolidated accounts comprise pages 14–63, 89–180 and 193.
    [Show full text]