Communication on Progress, United Nations Global Compact
Stockholm, Sweden, May 20, 2019
Statement by the CEO

I am pleased to confirm that L E Lundbergföretagen AB reaffirms its support of the ten principles of the United Nations Global Compact in the areas of Human Rights, Labor, Environment and Anti-Corruption.

L E Lundbergföretagen AB is committed to making the Global Compact and its principles part of the strategy, culture and daily operations. In our Communication on Progress report, we document the progress within L E Lundbergföretagen AB as well as within our major holdings.

We also commit to share this information with our stakeholders, using our primary channels of communications.

Yours sincerely,

Fredrik Lundberg

CEO, L E Lundbergföretagen AB

Act in line with the legal requirements applying where the company is active
Act in line with the UN Global Compact by complying with applicable laws, regulations and international guidelines and policies governing the environment, anti-corruption, labor law and human rights
Implement investments by taking into account their long-term economic, social and environmental impact
Have workplaces that are characterized by openness, responsiveness and mutual respect and that distance themselves from any form of discrimination

The business ethics policy stipulates that Lundbergs’ defends the freedom of speech of every employee.

The diversity policy focuses on making Lundbergs a safe and fair workplaces for all employees. The policy complies with prevailing Swedish legislation that requires companies to promote equal rights and opportunities regardless of gender, gender identity or expression, ethnic origin, religion or other spiritual practice, disability, sexual orientation or age.

A whistleblower function has been established for anonymous reporting of violations of the Code of Conduct and/or its underlying documents.
No reports of violations of the Code of Conduct or other rule violations were made in 2018.

The business ethics policy stipulates that Lundbergs’ actions must always comply with Swedish law, that all of Lundbergs business relationships are to be characterized by high morals and mutual respect.
Act in line with the legal requirements applying where the company is active
Act in line with the UN Global Compact by complying with applicable laws, regulations and international guidelines and policies governing the environment, anti-corruption, labor law and human rights
Implement investments by taking into account their long-term economic, social and environmental impact
Have workplaces that are characterized by openness, responsiveness and mutual respect and that distance themselves from any form of discrimination.

The business ethics policy stipulates that Lundbergs’ defends the freedom of speech of every employee.
The diversity policy focuses on making Lundbergs a safe and fair workplaces for all employees. The policy complies with prevailing Swedish legislation that requires companies to promote equal rights and opportunities regardless of gender, gender identity or expression, ethnic origin, religion or other spiritual practice, disability, sexual orientation or age.

A whistleblower function has been established for anonymous reporting of violations of the Code of Conduct and/or its underlying documents. No reports of violations of the Code of Conduct or other rule violations were made in 2018.

The Parent Company, L E Lundbergföretagen, including the wholly owned subsidiary L E Lundberg Kapitalförvaltning AB, has no in-house manufacturing operations of its own – only some ten employees – and its impact on the environment and the world at large is therefore very limited. For these reasons, no performance indicators are provided in these areas.

The company makes its mark by being a long-term, active owner in the portfolio companies. Through its governance, Lundbergs has an impact on nine portfolio companies with close to 115,000 employees and sales of goods and services of just over SEK 390 billion. In this way, Lundbergs has the opportunity to promote sustainable development and value creation outside the borders of its own company. The sustainability perspective is an important and integrated part of Lundbergs’ business model, in which a longterm approach and sustainability are interdependent. The overall objective of Lundbergs’ sustainability efforts is to develop the portfolio companies and their value over time. Sustainable enterprise is about using resources more efficiently, paying attention to social and environmental aspects and developing profitability. For returns to remain sustainable over the long term, each portfolio company manages its sustainability risks efficiently and has the ability to develop and adapt operations according to future conditions. Issues involving long-term value creation and sustainability are a central part of the overall governance of the company, for which the Board of Directors and the CEO are ultimately responsible. Lundbergs strives to be an engaged, insightful and demanding owner that exercises its role primarily through work on nomination committees and boards of directors. Lundbergs participates in the Board’s nomination work to ensure that the companies are led by individuals with the right experience and expertise, which is a prerequisite for integrating sustainable enterprise, and thereby long-term value creation business models, in each portfolio company’s business model, processes and product offering. To continuously develop the portfolio companies over the long term, a thorough follow-up is conducted of financial development, risk assessment and reporting.

The Parent Company, L E Lundbergföretagen, including the wholly owned subsidiary L E Lundberg Kapitalförvaltning AB, has no in-house manufacturing operations of its own – only some ten employees – and its impact on the environment and the world at large is therefore very limited. For these reasons, no performance indicators are provided in these areas.

Act in line with the UN Global Compact by complying with applicable laws, regulations and international guidelines and policies governing the environment, anti-corruption, labor law and human rights.

A whistleblower function has been established for anonymous reporting of violations of the Code of Conduct and/or its underlying documents. No reports of violations of the Code of Conduct or other rule violations were made in 2018.

A whistleblower function has been established for anonymous reporting of violations of the Code of Conduct and/or its underlying documents. No reports of violations of the Code of Conduct or other rule violations were made in 2018.