Sustainability at AKOLA Group
In our operations, we adhere to the principles of the United Nations Global Compact and the Group’s Sustainability Policy, which encompasses the four pillars of sustainable development: economic, social, environmental and governance.
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Group and global context
The Sustainable Development Goals (SDGs), part of the 2030 Agenda for Sustainable Development, adopted by the 193 United Nations’ member states, comprise the world’s comprehensive plan of action for achieving sustainable development.
Formally, SDGs and the targets associated with them apply on country level. Given the scope and complexity of our activities, AB Akola Group has the potential to contribute to almost all SDGs by enhancing our positive impacts or by preventing and mitigating negative impacts on the economy, environment, and people.
Linkages between the material topics and Sustainable Development Goals
The group operates mainly in economically stressed regions, providing employment and contributing to economic activity. The Company has established policies ensuring equal opportunities for professional growth for all employees, and there have been no recorded cases of discrimination.
In its role as a food producer, the group produces and distributes food, with an emphasis on poultry products as a source of protein. The decision to not use antibiotics in poultry production aligns with health and safety standards.
AB Akola Group is involved in various agricultural practices, including the production and sale of locally adapted seeds and the use of advanced farming equipment. We also develop the ‘GeoFace’ precision farming system.
The Company’s energy consumption primarily relies on renewable sources. Additionally, there are practices in place to minimize waste in different stages of production.
Transparency is a key aspect of the group’s operations, evident in their sustainability reports and policies against corruption.
Reports
We aim to increase the Group’s transparency by providing all stakeholders with sufficient and easily understandable information. Once a year we disclose our activities on the basis of generally accepted global GRI standards.
Development areas
We aspire to be a trusted partner, an employer of choice, and a trailblazer in sustainable business practices that bring tangible benefits to the community, society, and the world.
Economic
Social
Environmental
Governance
We are Nasdaq ESG Transparency Partner
AB Akola Group operates with high standards of transparency. We submit Group’s data to Nasdaq ESG Data Portal once a year.
