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Risk management
People
Edita's most important non-financial risks are
related to staff. Key personnel deciding to
leave the company. Challenges in recruiting,
especially specialists in various fields of com-
munication and managers. Failure to ensure
that key personnel have a sense of commit-
ment to the Group. Occupational risks are
related to printing, such as accidents, chemi-
cal leaks or fires at production plants. We
manage staff-related risks by implement-
ing good hr policies and by focusing on
staff development as well by improving the
employees’ sense of commitment and devel-
oping recruitment practices. We maintain
good lines of communication, communicating
as openly as possible, and enhance employ-
ees’ involvement in developing the business.
Environment
A fire or a chemical leak at Edita’s production
plant could damage the environment. We
consider our other environmental risks to be
minor. Environmental risks are mainly man-
aged through various environmental manage-
ment systems, such as compliance with the
iso14001 standard; Edita’s production com-
panies follow procedures established in envi-
ronmental management systems to identify
and prevent potential emergency situations
and accidents that could harm the environ-
ment. These procedures are audited annually
by accredited third parties. Edita’s companies
regularly review and test their emergency
preparedness and response procedures.
Climate change
Climate change is not a substantial risk for
Edita’s business in the near future as its
effects have been less extensive in our main
markets, the Nordic countries, than in other
regions of the world. Nevertheless, combat-
ing climate change plays an important role
in our cr program because it is the great-
est threat for sustainable development glob-
ally. We have managed to reduce our cli-
mate impact significantly since 2008. In that
year we began assessing the ways in which
our business contributes to climate change
and working to achieve climate neutrality. In
2009, we started taking measures to reduce
our carbon-dioxide emissions and began
compensating for a proportion of these
emissions.
Assessing risks
The Group Management Team is responsible
for managing risks related to cr and reacting
accordingly. Edita’s Board of Directors has
approved the risk management meth-
ods applied by the Management Team. The
Group Management Team assesses the like-
lihood and significance of each risk. The
Group’s Board of Directors also monitors
and assesses risks that have been categorized
as significant. In 2011, the most significant risk
for our business was the same as in 2010:
the rapid decline in the demand for printed
products as the communications market con-
tinued to shift towards digitalization and gen-
eral economic uncertainty increased in the
market.
Reporting of violations
At Edita, each employee is able to report any
suspected violations, such as dishonest or
unethical activities or legal violations in their
work community, without fear of discrimina-
tion or retaliation. At Edita companies, vio-
lations can also be discussed in cooperation
forums where each staff group is presented by
representatives selected by the group in ques-
tion or in other regular meetings between
employer and employee representatives.
•
“Respect refers first and foremost to respect
for our colleagues’ dignity, work and
competence as well as for our customers,
partners and other stakeholders.”
edita’s year 2011
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