Creating value for society

Being an international company with almost 2,500 co-workers, comes with a responsibility to contribute to the society in which we operate. We create value and contribute to society in the form of taxes such as corporate income taxes, energy taxes, employer taxes, indirect taxes as well as employee taxes.

Our obligation is to pay the amount of tax required by law in any country where we operate, in accordance with rules set by the relevant governments and with due consideration to the ethical aspects of tax management. Consequently, we always strive to ensure compliance with transparency requirements, and we do our utmost to avoid transactions or arrangements that may be considered aggressive tax planning. Neither do we, in any circumstance, engage in transactions or structures considered as tax evasion. In 2019 we paid 210 MSEK in taxes globally.

Our salaries and social security expenses amounted to 1,934 SEK during 2019. For key leaders and specialists, we offer a variable pay programme. This programme was reviewed in 2019. The bonus programme for 2019 is based on two parameters – financial performance on a country level and individual performance, where the major part (in most cases 70 per cent) is based on the financial performance of the company. Safety performance is part of the bonus requirements for the management team.

Value created, MSEK 2019 2018
Supply chain 8,177 7,753
Tax payments 210 175
Salaries, other benefits and social security expenses 1,934 1,810
Investments excluding acquisitions 701 671