DOCSLIB.ORG

Orkla ASA Sustainability Report 2012

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Orkla ASA Sustainability Report 2012 tainability report tainability S Su 2012 ORKLA BÆREKRFTSRAPPORTSustainABiLiTy report / 2012 / 2012 contents HigHligHts in 2012 03 Foreword 04 orkla’s corporate responsibility 06 Food, People and the Environment 06 Anti-corrution and competition law 09 Awards to Orkla companies 10 Stakeholder dialogue in 2012 11 people 12 People and leadership 12 Building a strong company 17 environment, HealtH and saFety 18 Safe workplases 18 Preventing sickness absence 20 Safety culture at Stabburet 20 Safety in sales work at Nidar 21 environment 22 Responsibility for the environment 22 Energy recovery at Procordia 25 Conscious use of packaging 26 Packaging development at Lilleborg 27 Food saFety 28 Consumer confidence through safe products 28 Food safety in purchasing 31 Orkla’s approach to modern gene technology 31 nutrition and HealtH 32 Food enjoyment in a balanced diet 32 Responsible marketing 38 Dutch bread with less salt 39 responsible purcHasing 40 Collaboration based on ethical, sustainable principles 40 Workers’ rights 41 Cocoa production in West Africa 43 Textile manufacturing in Asia 44 Fish oil production in Peru 45 Sustainable purchasing 46 Palm oil 47 Sustainable fishing 47 about tHe report 48 sponsorsHips 49 Associated Non-core Business areas company Orkla Sapa Confectionery Orkla Home Orkla Orkla Food Jotun (part of future JV) Aluminium profiles Orkla Foods & Snacks & Personal International Ingredients (42,5 %) and building systems EBITA1 (NOK million): Stabburet Chips Group Lilleborg MTR Foods Idun-group Procordia Göteborgs/Sætre Lilleborg Orkla Brands KåKå-group 233 Profesjonell Russia Abba Seafood Nidar Odense Marcipan Pierre Robert Felix Austria Sapa Heat Transfer Beauvais foods Panda Group Credin bageripartner Rolled aluminium Orkla Foods Kalev Axellus-group products Fenno-Baltic Credin-group EBITA1 (NOK million): Dragsbæk- group 309 Orkla Foods Romania Hydro Power Sonneveld Group EBITA1 (NOK million): Operating revenues Operating revenues Operating revenues Operating revenues Operating revenues Operating revenues* 208 (NOK million): (NOK million): (NOK million): (NOK million): (NOK million): (NOK million): 7.972 4.794 4.025 2.133 5.435 11.351 Shares and financial assets EBITA1 EBITA1 EBITA1 EBITA1 EBITA1 EBITA* Value (NOK billion): (NOK million): (NOK million): (NOK million): (NOK million): (NOK million): (NOK million): 3,6 1.114 780 702 -5 228 1.126 Orkla Eiendom (real estate) Number of Number of Number of Number of Number of Number of Book value man-years man-years man-years man-years man-years man-years (NOK billion): 3.061 2.231 1.787 4.432 2.224 6.379 1,8 Corporate Centre and support functions * Figures on a 100% basis. 1 Operating profit before amortisation and other income and expenses. Design and production: Cox Design, Oslo | Photo cover: Mari Svenningsen | Print: TS trykk AS. the leading OperatiNg REvENuES Group operating revenues nordic branded totalled nOK 30.0 billion. conSumer 30.0 goodS company EARNiNgS PER ShARE Orkla ASA is an international group listed on the Oslo Earnings per share Stock Exchange and headquartered in Oslo, Norway. were nOK 1.6 in 2012. The Group is the leading Nordic supplier of branded consumer goods and concept solutions to the grocery and out-of-home sectors. Orkla also holds several strong positions in India, Russia and Austria. Moreover, Orkla Food 1.6 Ingredients is a major supplier to the European bakery market. In addition to its branded consumer goods business, Orkla 1 still operates in the real estate, hydropower and aluminium EBiTA sectors and has financial investments. Group EBiTA1 totalled nOK 3.3 billion. As of 31 December 2012, Orkla had around 28,000 employees, of whom some 14,000 were employed in its branded consumer goods business. In 2012, the Group 3.3 had a total turnover of around NOK 30 billion. 1 Operating profit before amortisation and other income and expenses. SALES REVENUES BY CAPITAL EMPLOYED PER SALES REVENUES PER GEOGRAPHICAL AREA GEORGAPHIC AREA BUSINESS AREA Norway 9,239 (32 %) Norway 9,944 (41 %) Orkla Foods 7,839 (27 %) Nordic region excl. Norway 10,096 (35 %) Nordic region excl. Norway 10,293 (42 %) Orkla Confectionery & Snacks 4,760 (17 %) Central and Eastern Europe 3,679 (13 %) Central and Eastern Europe 2,166 (9 %) Orkla Home & Personal 3,986 (14 %) Rest of Europe 2,282 (8 %) Rest of Europe 547 (2 %) Orkla International 2,077 (7 %) Asia 2,694 (9 %) Asia 1,477 (6 %) Orkla Food Ingredients 5,378 (19 %) America/Rest of the world 569 (2 %) America/Rest of the world 28 (0.1 %) Other Business 4,519 (16 %) Total sales revenues NOK 28,559 million Total capital employed (capitalised) Total sales revenues NOK 28,559 million. NOK 41,944 million 3 Responsible sourcing pro­ cedures were introduced in 10,000 companies that account for 80% of Orkla’s purchasing1 tonnES of palm oil used in food products have 10% been replaced by rapeseed and sunflower reduction in seed oil as a result of product development in the period 2008–2012 consumption of packaging1 35% 740 managers and key personnel underwent of the management staff in orkla’s branded training in corporate responsibility and consumer goods business were women business ethics Close to 50% of Orkla’s sales of beverages derive from sugar-free products 8% reduction in greenhouse No serious incidents gas emissions from 2011 to 2012 related to food safety the Lost Work Day Rate (LWDR)2 More than 26% 90% of waste was reduced of orkla’s food sales derive is recycled or from 4.6 in from products that offer used for other health benefits or have a purposes1 2011 to 3.6 reduced content of sugar, in 2012 saturated fat or salt 1Applies to orkla's branded consumer goods business from 2011 to 2012 2number of injuries leading to absence per million hours worked 4 oRkLA SuStAinAbiLity REpoRt 2012 foREWoRD Building the future together Orkla is On its way tO becOming a fOcused branded cOnsumer gOOds cOmpany. thrOugh prOfitable grOwth and sustainable prOducts we will create a better future fOr Our cOnsumers, custOmers, emplOyees, sharehOlders and cOmmunities. Orkla’s transformation from a complex approach to the use of new ingredients; population growth, climate change industrial group into the strongest branded for instance, we do not use raw materials and water shortages in large parts of the goods company in the nordic region has or ingredients that have been produced world put growing pressure on the brought our sustainability agenda to the using gene technology. we accept the production of agricultural raw materials. fore. consumers must be able to trust our extra cost that this entails in order to although Orkla does the bulk of its pur- brands and the way in which they are be able to offer consumers the safety chasing in the nordic region, we are also produced. as a leading food and beverages they desire. dependent on raw materials that present producer, we have a farm-to-fork responsi- certain challenges. abba seafood’s bility. we therefore focus attention on every day, Orkla’s food products can be commitment to sustainable fishing working conditions and the working found on the breakfast and dinner tables and nidar’s use of certified cocoa are environ ment in the supply chain, the of thousands of consumers. that is why examples of efforts that play an im- environment, health and safety perfor- we are committed to promoting the portant role in ensuring a stable food mance of our own operations, sensible enjoyment of food and good dietary supply in the future. use of raw materials and ways in which habits. Orkla companies are engaged we can help consumers adopt a healthier in systematic efforts to develop products Orkla has been a member of the global lifestyle. that make it easier to maintain a balanced compact since 2005. i am proud of what diet, and 26% of our food sales derive we have achieved since we signed this food safety is fundamental to responsible from products that offer health benefits important initiative, and enthusiastic food production. safe food necessitates or have a reduced content of sugar, satu- about the future. we at Orkla believe that vigilance and effective quality procedures rated fat or salt. in the last four years the road to a sustainable future lies in the all along the value chain. Orkla has estab- alone, our companies have cut their willingness of trade and industry, public lished safe food production processes annual consumption of palm oil by authorities and society at large to think based on an internationally recognised around 10,000 tonnes, replacing it with creatively, the constructive interaction standard at all our factories. every year, healthier vegetable oils. in the years of these parties and, above all, hard work. we invest substantial resources in in- to come, we will further intensify our creating a sustainable society is a shared house training programmes, food safety efforts in the field of nutrition. responsibility, and we must all begin with audits, quality control and improvement ourselves. measures. we take a precautionary Åge Korsvold President and Ceo 5 photo: Guri Dahl/tinagent.no 6 oRkLA SuStAinAbiLity REpoRt 2012 oRkLA'S coRpoRAtE RESponSibiLity food, PeoPle and the environment as One Of the nOrdic regiOn's largest fOOd prOducers, Our respOnsibility extends frOm farm tO fOrk. hoto: Mari Svenningsen p 7 Orkla and our companies are dependent on consumers, investors, authorities and the Orkla aNd the commuNity general public trusting that we have sound Many of the orkla companies have a strong position in their markets procedures for food safety and for handling the sustainability challenges in the value and local communities. the companies contribute to strengthening the chain. Our products must have a taste and local communities by partnering with local authorities, schools and quality that never disappoint, and be pro- organisations in the spheres of sport, culture and humanitarian work.
Load more

Recommended publications
  • Candidates Nominated to the Board of Directors in Gjensidige Forsikring ASA
    Office translation for information purpose only Appendix 18 Candidates nominated to the Board of Directors in Gjensidige Forsikring ASA Per Andersen Born in 1947, lives in Oslo Occupation/position: Managing Director, Det norske myntverket AS Education/background: Chartered engineer and Master of Science in Business and Economics, officer’s training school, Director of Marketing and Sales and other positions with IBM, CEO of Gjensidige, CEO of Posten Norge and Managing Director of ErgoGroup, senior consultant to the CEO of Posten Norge, CEO of Lindorff. Trond Vegard Andersen Born in 1960, lives in Fredrikstad Occupation/position: Managing Director of Fredrikstad Energi AS Education/background: Certified public accountant and Master of Science in Business and Economics from the Norwegian School of Business Economics and Administration (NHH) Offices for Gjensidige: Member of owner committee in East Norway Organisational experience: Chairman of the Board for all FEAS subsidiaries, board member for Værste AS (regional development in Fredrikstad) Hans-Erik Folke Andersson Born in 1950, Swedish, lives in Djursholm Occupation/position: Consultant, former Managing Director of insurance company Skandia, Nordic Director for Marsh & McLennan and Executive Director of Mercantile & General Re Education/background: Statistics, economy, business law and administration from Stockholm University Offices for Gjensidige: Board member since 2008 Organisational experience: Chairman of the Board of Semcon AB, Erik Penser Bankaktiebolag and Canvisa AB and a board member of Cision AB. Per Engebreth Askildsrud Born in 1950, lives in Jevnaker Occupation/position: Lawyer, own practice Education/background: Law Offices for Gjensidige: Chairman of the owner committee Laila S. Dahlen Born in 1968, lives in Oslo Occupation/position: Currently at home on maternity leave.
    [Show full text]
  • The Supervisory Board of Gjensidige Forsikring ASA
    The Supervisory Board of Gjensidige Forsikring ASA Name Office Born Lives in Occupation/position Education/background Organisational experience Bjørn Iversen Member 1948 Reinsvoll Farmer Degree in agricultural economics, Head of the Oppland county branch of the the Agricultural University of Norwegian Farmers' Union 1986–1989, Norway in 1972. Landbrukets head of the Norwegian Farmers' Union sentralforbund 1972–1974, Norges 1991–1997, chair of the supervisory board Kjøtt- og Fleskesentral 1974–1981, of Hed-Opp 1985–89, chair/member of the state secretary in the Ministry of board of several companies. Agriculture 1989–1990. Chair of the Supervisory Board and Chair of the Nomination Committee of Gjensidige Forsikring ASA. Hilde Myrberg Member 1957 Oslo MBA Insead, law degree. Deputy chair of the board of Petoro AS, member of the board of CGGVeritas SA, deputy member of Stålhammar Pro Logo AS, member of the nomination committee of Det Norske ASA, member of the nomination committee of NBT AS. Randi Dille Member 1962 Namsos Self-employed, and Economics subjects. Case Chair of the boards of Namsskogan general manager of officer/executive officer in the Familiepark, Nesset fiskemottak and Namdal Bomveiselskap, agricultural department of the Namdal Skogselskap, member of the board Namsos County Governor of Nord- of several other companies. Sits on Nord- Industribyggeselskap and Trøndelag, national recruitment Trøndelag County Council and the municipal Nordisk Reinskinn project manager for the council/municipal executive board of Compagnie DA. Norwegian Fur Breeders' Namsos municipality. Association, own company NTN AS from 1999. Benedikte Bettina Member 1963 Krokkleiva Company secretary and Law degree from the University of Deputy member of the corporate assembly Bjørn (Danish) advocate for Statoil ASA.
    [Show full text]
  • The Supervisory Board of Gjensidige Forsikring ASA
    The Supervisory Board of Gjensidige Forsikring ASA Name Office Born Address Occupation/position Education/background Organisational experience Bjørn Iversen Member 1948 Reinsvoll Farmer Agricultural economics, Agricultural Head of Oppland county branch of the Norwegian University of Norway in 1972. Landbrukets Farmers' Union 1986-1989, head of the Norwegian sentralforbund 1972-1974, Norges Kjøtt- og Farmers' Union 1991-1997, chair of the supervisory Fleskesentral 1974-1981, state secretary in board of Hed-Opp 1985-89, chair/member of the board the Ministry of Agriculture 1989-1990 of several companies. Chair of the Supervisory Board and Chair of the Nomination Committee of Gjensidige Forsikring ASA. Hilde Myrberg Member 1957 Oslo Senior Vice President MBA Insead, law degree. Chair of the board of Orkla Asia Holding AS, deputy Corporate Governance, chair of the board of Petoro AS, member of the board of Orkla ASA Renewable Energy Corporation ASA, deputy board member of Stålhammar Pro Logo AS, deputy chair of the board of Chr. Salvesen & Chr Thams's Communications Aktieselskap, member of the boards of Industriinvesteringer AS and CGGVeritas SA. Randi Dille Member 1962 Namsos Self-employed, and Economies subjects. Case officer/executive Chair of the boards of Namsskogan Familiepark, Nesset general manager of officer in the agricultural department of the fiskemottak and Namdal Skogselskap, member of the Namdal Bomveiselskap, County Governor of Nord-Trøndelag, boards of several other companies. Sits on Nord- Namsos national recruitment project manager for Trøndelag County Council and the municipal Industribyggeselskap and the Norwegian Fur Breeders' Association, council/municipal executive board of Namsos Nordisk Reinskinn own company NTN AS from 1999.
    [Show full text]
  • Important Notice the Depository Trust Company
    Important Notice The Depository Trust Company B #: 2473-14 Date: December 30, 2014 To: All Participants Category: Dividends From: International Services Attention: Operations, Reorg & Dividend Managers, Partners & Cashiers Tax Relief: Country: Norway Issues: Fred Olsen Energy ASA | Gjensidige Forsikring | Opera Software | Orkla ASA Subject: Statoil Hydro ASA| TGS Nopec Geophysical Co | Tomra Systems NORWAY ADR MARKET ANNOUNCEMENT: JANUARY 2015 We have received the following important notice from BNY Mellon/Globe Tax Services. Questions regarding this Important Notice may be directed to Globetax. Important Legal Information: The Depository Trust Company (“DTC”) does not represent or warrant the accuracy, adequacy, timeliness, completeness or fitness for any particular purpose of the information contained in this communication, which is based in part on information obtained from third parties and not independently verified by DTC and which is provided as is. The information contained in this communication is not intended to be a substitute for obtaining tax advice from an appropriate professional advisor. In providing this communication, DTC shall not be liable for (1) any loss resulting directly or indirectly from mistakes, errors, omissions, interruptions, delays or defects in such communication, unless caused directly by gross negligence or willful misconduct on the part of DTC, and (2) any special, consequential, exemplary, incidental or punitive damages. To ensure compliance with Internal Revenue Service Circular 230, you are hereby notified that: (a) any discussion of federal tax issues contained or referred to herein is not intended or written to be used, and cannot be used, for the purpose of avoiding penalties that may be imposed under the Internal Revenue Code; and (b) as a matter of policy, DTC does not provide tax, legal or accounting advice and accordingly, you should consult your own tax, legal and accounting advisor before engaging in any transaction.
    [Show full text]
  • Prospectus of 31 March 2014
    Statoil ASA, prospectus of 31 March 2014 Registration Document Prospectus Statoil ASA Registration Document Stavanger, 31 March 2014 Dealer: 1 of 47 Statoil ASA, prospectus of 31 March 2014 Registration Document Important information The Registration Document is based on sources such as annual reports and publicly available information and forward looking information based on current expectations, estimates and projections about global economic conditions, the economic conditions of the regions and industries that are major markets for the Company's and Guarantor’s (including subsidiaries and affiliates) lines of business. A prospective investor should consider carefully the factors set forth in chapter 1 Risk factors, and elsewhere in the Prospectus, and should consult his or her own expert advisers as to the suitability of an investment in the bonds. This Registration Document is subject to the general business terms of the Dealer, available at its website (www.dnb.no). The Dealer and/or affiliated companies and/or officers, directors and employees may be a market maker or hold a position in any instrument or related instrument discussed in this Registration Document, and may perform or seek to perform financial advisory or banking services related to such instruments. The Dealer’s corporate finance department may act as manager or co-manager for this Company and/or Guarantor in private and/or public placement and/or resale not publicly available or commonly known. Copies of this presentation are not being mailed or otherwise distributed or sent in or into or made available in the United States. Persons receiving this document (including custodians, nominees and trustees) must not distribute or send such documents or any related documents in or into the United States.
    [Show full text]
  • Orkla Annual Report 2013
    Annual Report Contents Message from the CEO Orkla’s business areas The Board of Directors of Orkla ASA Report of the Board of Directors The Group Executive Board Corporate governance Corporate responsibility at Orkla Annual Financial Statements 2013 Notes to the Consolidated Financial Statements Financial Statements for Orkla ASA Historical key figures Share information Additional information for valuation purposes People and leadership Governing bodies and elected representatives Group Directory Financial calendar for Orkla ASA Date Event 10.04.2014 Annual General Meeting 2014 11.04.2014 Share traded ex. dividend* 25.04.2014 Dividend payment* 08.05.2014 1st quarter 2014 17.07.2014 2nd quarter 2014 30.10.2014 3rd quarter 2014 05.02.2015 4th quarter 2014 *Subject to the approval of the proposed dividend at the General Meeting. Business areas Orkla Orkla Orkla Orkla Orkla Confectionery Home & Food Foods International & Snacks Personal Ingredients Operating revenues Operating revenues Operating revenues Operating revenues Operating revenues (NOK million): (NOK million): (NOK million): (NOK million): (NOK million): 9,797 4,784 4,770 2,644 5,998 EBITA1 (NOK million): EBITA1 (NOK million): EBITA1 (NOK million): EBITA1 (NOK million): EBITA1 (NOK million): 1,275 682 823 -86 288 Number of man-years: Number of man-years: Number of man-years: Number of man-years: Number of man-years: 4,083 2,247 1,738 4,957 2,366 Associated companies Other businesses and joint ventures Gränges Hydro Shares and Orkla Rolled aluminium Power Eiendom products (real estate) 1 EBITA1 EBITA assets ProSapa forma(50%) ( JV )EBITDA* EBIT*(42.5%)Jotun (NOK billion): (NOK million): (NOK million): Book value (NOK billion): Valuefinancial (NOK billion): (NOK billion): 337 213 1.1 2.3 1.1 1.3 Corporate centre and support functions *The figures from associates and joint ventures are on a 100 % basis.
    [Show full text]
  • Annual Financial Statements Orkla ASA 04 241 ANNUAL FINANCIAL STATEMENTS ORKLA ASA
    240 Kapittel 4 Annual Financial Statements Orkla ASA 04 241 ANNUAL FINANCIAL STATEMENTS ORKLA ASA INCOME STATEMENT STATEMENT OF CASH FLOWS Amounts in NOK million Note 2020 2019 Amounts in NOK million 2020 2019 Operating revenues 20 27 Profit/loss before tax 2 074 4 012 Operating revenues Group 1 775 847 Depreciation and write-downs 318 131 Total operating revenues 795 874 Write-downs subsidiaries 250 36 Payroll expenses 2, 5 (542) (484) Changes in net working capital etc. (175) 43 Other operating expenses (559) (680) Transfer of profit items to other activities 172 (1 696) Depreciation and write-downs 8, 9 (318) (131) Taxes paid (167) (254) Operating loss (624) (421) Cash flow from operating activities 2 472 2 272 Dividends and contributions from Group 3 229 4 506 Net replacement expenditures (186) (418) Write-downs subsidiaries (250) (36) Sold companies 62 0 Interest income/costs from Group 6 159 157 Investments in subsidiaries/partly owned companies (135) (1 313) Other financial costs 7 (440) (194) Net purchase/sale shares, dividends and financial assets 1 21 Profit before taxes 2 074 4 012 Cash flow from investing activities (258) (1 710) Taxes 11 (116) (206) Dividends paid (2 598) (2 599) Profit after tax 1 958 3 806 Net sale/purchase of treasury shares 57 59 Net paid to shareholders (2 541) (2 540) STATEMENT OF COMPREHENSIVE INCOME Proceeds from borrowings 1 462 2 163 Profit after tax 1 958 3 806 Repayments of borrowings 0 (431) Changes in fair value shares - (2) Repayments of lease liabilities (83) (79) Change in hedging reserve
    [Show full text]
  • NORW-Factsheet.Pdf
    Global X MSCI Norway ETF ETF Category: International Access ± Single-Country NORW As of 8/31/2021 KEY FEATURES FUND DETAILS Inception Date 11/09/2010(1) Underlying Index MSCI Norway IMI 25/50 Index Efficient Access Efficient access to a broad basket of Norwegian securities. Number of Holdings 70 Assets Under Management $44.94 mil Total Expense Ratio 0.50% Distribution Frequency Semi-Annually Targeted Exposure TRADING DETAILS The Fund targets exposure to a single country. Ticker NORW CUSIP 37950E747 Exchange NYSE Arca Bloomberg IOPV Ticker NORWIV Index Ticker M1NO5IM PERFORMANCE (%) TOP 10 HOLDINGS (%) Holdings Subject to Change Since 1M YTD 1Y 3Y 5Y 10Y Inception Equinor Asa 11.30% Norsk Hydro Asa 4.67% NAV 2.21% 14.65% 31.37% 4.02% 10.17% 3.73% 3.11% Dnb Bank Asa 10.69% Tomra Systems Asa 3.84% Market 3.01% 16.19% 32.52% 4.30% 10.34% 3.70% 3.13% Telenor Asa 6.72% Orkla Asa 3.77% Price Mowi Asa 6.46% Nordic Semiconductor Asa 2.82% Hybrid 2.21% 14.96% 32.01% 4.37% 10.48% 4.25% 3.67% Index(2) Yara International Asa 4.83% Adevinta Asa 2.73% The performance data quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than their original cost. Current performance may be higher or lower than the performance quoted. High short- term performance of the Fund, when observed, is unusual and investors should not expect such performance to be repeated.
    [Show full text]
  • Addendum to the Recommendations by the Nomination Committee 2020
    ADDENDUM TO THE RECOMMENDATIONS BY THE NOMINATIONS COMMITTEE 2020 On 25 March 2020 the Nomination Committee presented its proposals for corporate elections and remuneration for the Board and the Nomination Committee for the period from AGM 2020 until the AGM 2021. Presently, the Nomination Committee presents its addendum to its Recommendations and proposes that an additional member is elected to the Board. The Nomination Committee has had communications and discussions with the majority shareholders. Based on this we hereby submit our additional recommendation. The proposals have been unanimously resolved by the Nomination Committee. As regards the election of members to the Board of Directors, the Nomination Committee in its Recommendations of 25 March 202 stated as follows: “In its Recommendations for the 2019 AGM dated 2 April 2019, The Nomination Committee proposed that the current members of the Board be reappointed for a term of two years. These members are Lars Håkan Larsson, Margareta Alestig, Marianne Lie, Jonas Kleberg and Thomas Wilhelmsen. In addition, the Nomination Committee expressed its intention to appoint a new member of the Board with particular competence as regards digital transformation and sustainability. After completing its search, the Nomination Committee now proposes that Anna Felländer by appointed as the sixth member of the Board for a period of two years. Ms Felländer holds extensive experience in policy, economics and consultancy with particular emphasis on issues of digital transformation and sustainability in a global environment. She is also an experienced member of corporate boards. Her CV follows enclosed.” If the proposal is accepted by the AGM, the Board will consist of 6 members.
    [Show full text]
  • Orkla Annual Report 2006 / Orkla’S Business Areas
    O RKL A AN N U A L R E P O R T 2 0 0 6 CONTENTS PAGE 96 PAGE 70 FOCUS ARTICLE BUSINESS PAGE 8 PAGE 63 AREAS REPORT OF VALUE CREATION THE BOARD OF AT ORKLA PAGE 4 DIRECTORS MESSAGE FROM THE CEO INTRODUCTION BUSINESS AREAS Cover Orkla in brief 70 Orkla Foods Cover Orkla in 2006 74 Orkla Brands 1 Key fi gures 78 Elkem 2 Orkla’s business areas 82 Sapa 3 Business area strategies 86 Borregaard 4 Message from the CEO 90 Financial Investments 6 The Group Executive Board ASSOCIATES REPORT OF THE BOARD OF DIRECTORS 94 Jotun AND FINANCIAL STATEMENTS 95 Renewable Energy Corporation (REC) 8 Report of the Board of Directors 18 The Board of Directors of Orkla ASA FOCUS ARTICLE 20 Income statement 96 Orkla and solar energy 21 Balance sheet 22 Cash fl ow statement CORPORATE GOVERNANCE 23 Statement of changes in equity 100 Corporate social responsibility (CSR) 24 Accounting principles 103 Organisation 27 Contents notes 104 Corporate governance 28 Notes 108 Governing bodies and 55 Financial statements for Orkla ASA elected representatives 56 Notes for Orkla ASA 61 Auditor’s report 61 Statement from the Corporate Assembly GROUP INFORMATION 62 Historical key fi gures 109 Group directory 112 Brokerage houses and analysts VALUE CREATION AT ORKLA 112 Investor contacts at Orkla 63 Investing in the Orkla share 64 Underlying value creation 66 Risk factors 67 Asset values 68 Shares and shareholders FINANCIAL CALENDAR 2007 31 OCT All dates subject to change. THIRD QUARTER 9 AUG REPORT PUBLISHED SECOND QUARTER 31 MAY REPORT PUBLISHED CAPITAL 3 MAY MARKETS DAY FIRST QUARTER 20 APR REPORT PUBLISHED SHARE QUOTED EXCL.
    [Show full text]
  • The Nomination Committee of Gjensidige Forsikring ASA
    The Nomination Committee of Gjensidige Forsikring ASA Name Office Born Address Occupation/position Education/background Organisational experience Bjørn Iversen Chair 1938 Reinsvoll Farmer Agricultural economics, Agricultural University Head of Oppland county branch of the Norwegian Farmers' of Norway in 1972. Landbrukets Union 1986-1989, head of the Norwegian Farmers' Union sentralforbund 1972-1974, Norges Kjøtt- og 1991-1997, chair of the supervisory board of Hed-Opp 1985- Fleskesentral 1974-1981, state secretary in the 89, chair/member of the board of several companies. Ministry of Agriculture 1989-1990 Chair of the Supervisory Board and Chair of the Nomination Committee of Gjensidige Forsikring ASA. Benedikte Bettina Bjørn Member 1963 Krokkleiva Company Secretary Law degree from the University of Member of the boards of Oslo Børs VPS Holding ASA and Oslo (Danish) and advocate for Copenhagen, qualified to work as an advocate Børs ASA and deputy member of the corporate assembly of Statoil ASA. in Denmark and Norway. Has previously Orkla ASA. She represents the Confederation of Norwegian worked in the legal department of Norsk Enterprise on the the Equity Markets Commission. Formerly a Hydro ASA and as company secretary and member of the board of BioMar Holding AS, which is listed on deputy director, as well as for the Danish the Copenhagen Stock Exchange. Ministry of Energy, the University of Copenhagen and a Danish law firm. Jan Eyolf Brustad Member 1948 Asker Team Leader Local IT Regional university college, Group leader of Snarøen sea scout group, various offices in Support in Aker Bedriftslederskolen NKI. the Norwegian Automobile Federation, member of the Solutions.
    [Show full text]
  • The Nomination Committee of Gjensidige Forsikring ASA
    The Nomination Committee of Gjensidige Forsikring ASA Name Office Born Lives in Occupation/position Education/background Organisational experience Bjørn Iversen Chair 1948 Reinsvoll Farmer Degree in agricultural economics, the Head of the Oppland county branch of the Norwegian Farmers' Agricultural University of Norway in 1972. Union 1986–1989, head of the Norwegian Farmers' Union Landbrukets sentralforbund 1972–1974, 1991–1997, chair of the supervisory board of Hed-Opp Norges Kjøtt- og Fleskesentral 1974–1981, 1985–89, chair/member of the board of several companies. state secretary in the Ministry of Agriculture 1989-1990. Chair of the Supervisory Board and Chair of the Nomination Committee of Gjensidige Forsikring ASA. Benedikte Bettina Bjørn Member 1963 Krokkleiva Company secretary Law degree from the University of Deputy member of the corporate assembly of Orkla ASA. (Danish) and advocate for Copenhagen, qualified to work as an advocate Represents the Confederation of Norwegian Enterprise (NHO) Statoil ASA in Denmark and Norway. Has previously on the Equity Markets Commission. Has previously been a worked in the legal department of Norsk Hydro member of the board of Oslo Børs VPS Holding ASA, Oslo Børs ASA and as company secretary and deputy and Biomar Holding ASA, which is listed on the Copenhagen director, as well as for the Danish Ministry of Stock Exchange. Energy, the University of Copenhagen and a Danish law firm. John Ove Ottestad Member 1949 Hamar Executive chair of the Master's degree in physics (sivilingeniør ) from Broad management experience from Norsk Hydro. Previous board of Herøya the Norwegian Institute of Technology (NTH). directorships in listed companies: Securus Industrier ASA, Dyno Industripark AS, Industrier ASA, GTB Invest ASA, Meridien Technologies Inc.
    [Show full text]