Essity’s Annual Report for 2023

Originally published on Essity Newsroom

Hygiene and health company Essity recently published its Annual Report for 2023 on essity.com.

“We leave an eventful year behind us in which we have focused on increasing profitability and created a stable platform for profitable growth. Through innovation, restructuring, efficiency improvements and price increases, we achieved an adjusted profit of SEK 18.9bn – the highest profit ever – while also increasing net sales to SEK 147bn. We have undertaken to accept the offer in respect of all shares in Vinda. It is a very attractive offer for Essity and our shareholders and provides us with a product portfolio with higher and more stable returns,” says Magnus Groth, in his CEO message.

Read the complete CEO message and about Essity’s strategic priorities, earnings and leading sustainability work in the Annual Report for 2023, which is attached to this press release and can be downloaded at essity.com.

The Annual Report also contains a cohesive Sustainability report structured in accordance with Essity’s Sustainability Playing Field, which summarizes the company’s social and environmental sustainability priorities. The sustainability report was designed with consideration of the European Sustainability Reporting Standards (ESRS).

NB: This is information that Essity is obliged to make public pursuant to the Securities Markets Act. The information was submitted for publication, through the agency of the contact person set out below, on February 28, 2024, at 08:00 CET. 
Karl Stoltz, Media Relations Director, +46 70 942 63 38

Download Essity’s Annual Report for 2023 

The Clorox Company’s Commitment to Strong Corporate Governance

Strong corporate governance is foundational to all that we do. It helps maintain trust in our company and brands, enabling us to create long-term shareholder value.

This strong governance begins at the top. Our board of directors applies their strong, diverse and relevant skills to provide meaningful oversight of the company and its execution of the IGNITE strategy, demonstrating active engagement with the issues most important to investors.

Our governance practices extend to transparency in our disclosures, robust board risk management oversight mechanisms, board oversight of human capital matters and corporate culture, as well as a commitment to hearing perspectives from our varied stakeholders. The following are some examples of strong governance practices at Clorox:

Regular board refreshment, with average tenure of approximately five years. We seek diverse skills, backgrounds and experiences that support the company’s strategy, which also results in a diverse board mix of both longer-tenured and newer directors.Strong shareholder-friendly practices, including the right for shareholders to nominate candidates and the right to call a special meeting, assuming certain ownership thresholds and other qualifications are met.Consideration of stakeholder feedback, with subsequent enhancements to our governance processes, including public disclosure in alignment with stakeholder-preferred reporting frameworks, incorporation of a third-party facilitator into our board evaluation process, and creation and expansion of our ESG Data Hub, the central repository for key information about our ESG performance and reporting approach.Active board oversight of human capital and culture matters, including through engagements with employees via site visits and town halls; oversight of engagement survey results and follow-up actions; and regular updates on ESG activities in town halls, community events and companywide communications.Annual mandatory training for Clorox teammates on our Clorox Code of Conduct, which outlines our expectations in areas.

Our New ESG Governance & Structure

In fiscal 2023, we created a new internal ESG governance structure and hired our first full-time vice president and head of sustainability to lead ESG work. The governance structure starts at the top with oversight from our board and senior management team. Our ESG Executive Committee determines strategic considerations to ensure we continue our ESG leadership, while the ESG Steering Team, led by our head of sustainability, drives sustainability initiatives, including reporting and executing against our ambitious IGNITE ESG goals. An ESG Disclosure Committee also reviews key ESG reporting, as well as processes, data controls and systems to assist the company in providing transparent and accurate disclosures and satisfying regulatory reporting requirements.

Our ESG governance structure and related processes include a system of mechanisms to further integrate our IGNITE ESG goals into our business units, allocate resources and assign decision-making authority and accountability. This enables us to better set ESG targets and measure performance. The structure also helps identify and mitigate risks associated with ESG issues such as resource dependency, resource scarcity and physical business disruption.

Additional fiscal year 2023 highlights include: 

Published our Climate Action Plan this fiscal year, disclosing progress against our science-based targets for scope 3 emissions (categories 1 and 11) in our annual report, and disclosing all scope 3 categories relevant to our business, on our ESG Data Hub.In anticipation of new disclosure regulations, we continued to strengthen our ESG data controls for priority metrics by implementing a formal ESG certification process, strengthening standard operating procedures and enhancing formal review checklists.Enhancing protocols and processes for data privacy and security to reduce risk and maintain consumers’ trust.

Even as the external environment is constantly evolving, we’re committed to continuously evaluating our approach to governance as we drive toward our IGNITE goals and strive to achieve our integrated ESG ambitions.

View the full 2023 Annual Report.

A Yearlong Guide to Giving Back in Your Community

Subaru owners love to support their communities all year round. Here are ways to give back in every month of the year.

Giving back can be all year long. Our guide offers an idea for every month of the year, from making gift bags for seniors to organizing a trash cleanup in your neighborhood.

JANUARY – Bring Food to Someone

The next time you make a soup or casserole, consider doubling the recipe and bringing it to a new parent or ill person in your community. It can be dropped off with a note of encouragement, and even if they do not use it that day, it’s something they can freeze for later. 

Not sure who could use the support? Check with local food pantries or religious and community organizations. They might have a list or word-of-mouth suggestions.

FEBRUARY – Support Local Foster Care Children

Reach out to local foster care groups to find out what the needs are for the children in their care. If it’s possible, giving gifts with the child’s name on it (such as a gift like a blanket or mug) can be particularly meaningful, as children may share things or may not have their own items, especially ones with their names on them. 

To find your local foster support organization, use the National Foster Care & Adoption Directory and search for Foster Youth Services and Supports in your state.

MARCH – Use Your Vehicle To Help Those In Need

Seek out programs that bring food to or otherwise help folks like the elderly or people undergoing treatment. Some programs volunteer to drive people to health appointments if they don’t have their own car or family member to help, instead of leaning on public transit or paying for a taxi.

For example, the American Cancer Society’s Road to Recovery® program has volunteers who provide free rides to treatment for cancer patients, noting that transportation barriers are the most common reason for missing appointments.

Nourishing Hope, a food pantry in Chicago, has a community of volunteers who can drive for deliveries or act as personal shopping assistants. See if organizations in your area have similar programs. It’s a great way for Subaru owners to involve their children and volunteer.

APRIL – Organize a Trash Cleanup

Get your neighborhood school or neighbors involved and organize a day to clean up. Whether it’s the side of the road or a local beach or park, reducing the amount of plastic and trash on the ground in your community makes a big impact, both for peoples’ enjoyment and to help wildlife thrive.

This is another great activity to pair with children and the entire family – you might find your kiddos pay more attention in the future to where their garbage goes. Earth Day is a great reason to organize an event, but you can continue the effort all year. Contact your local Subaru retailers to see if they are organizing a cleanup event; many do.

MAY – Help Make Graduations Special

Think outside the box about how to make the graduation season special for local youth. In San Francisco, 8th grade teacher Sara Mokhtari Fox knew that the 2023 graduation season was important to those approaching 8th grade graduation – her students had all missed their 5th grade graduation and end-of-year celebrations during the 2020 pandemic.

So, they planned a special graduation ceremony, Fox says, adding that donations from a local retailer, Putnam Subaru of Burlingame, helped fund the graduation ceremony and provided tickets to a theme park.

For local grads near you, consider donating funds for a celebration or offering to gift a special meal.

JUNE – Donate Blankets to Hospitals

At the Jo Anne Poe Cancer Center at Ashe Memorial Hospital in Jefferson, North Carolina, they see about 130 patients per month, many of whom have six- to eight-hour chemotherapy sessions, and blankets help to keep them warm throughout this process.

Becky Pearson, the foundation director of Ashe Memorial Hospital, says blanket donations make a big difference. “When patients are receiving an infusion in the Jo Anne Poe Cancer Center at Ashe Memorial Hospital, a very common side effect is feeling very cold,” Pearson says. She says that handmade blankets are lovely, and the hospital has no restrictions on how they are made other than patient preferences for soft and cozy materials – nothing scratchy.

Reach out to your local hospital’s oncology unit manager to see if they accept these items.

JULY – Make Gift Bags for Seniors

Looking for a family-friendly volunteer activity? Make gift bags filled with items like hand lotion, candy treats, writing supplies or craft items and a homemade card for seniors in nearby nursing homes. This is especially meaningful for those who may not have family nearby to visit them. Loop in your kids with brainstorming and shopping.

AUGUST – Fulfill Needs for Classrooms

Find out whether your local school has any unaddressed needs – most do! These might be requests from teachers’ wish lists that weren’t entirely filled at the beginning of the year (many teachers make Amazon lists with items needed for their classrooms) or bigger projects that could use a financial donation.

Some schools may also have their students fill out lists that community members can supply, including both needs and wants. Subaru partners with AdoptAClassroom.org, which connects school needs with support.

SEPTEMBER – Fulfill Neighbors’ Wishes

Look at local “Buy Nothing” groups for inspiration. During the year, these Facebook groups, also called “Gifts and Wishes,” focus on neighbors giving and receiving free items to reduce the environmental impacts of buying new.

These posts can often include – or maybe you can spearhead – links of what people need for the holidays. Facebook groups can include anonymous requests from users, which can help protect individuals’ privacy while still making it possible to donate and help.

OCTOBER – Volunteer to Help, or Adopt, a Dog

October is Subaru Loves Pets® month, and many retailers partner with local pet shelters for adopting events. In Charlottesville, Virginia, Flow Subaru partnered with the Charlottesville-Albemarle SPCA in 2023. The sales manager of the retailer, Joe Diggs, ended up finding a new family friend.

He had lost the family dog, Charlie, months earlier, and was considering adoption. Stopping by with his wife and 2-year-old daughter, they met a dog called Ted that had been left at the shelter as a stray and was having a tough time adjusting to the bustling shelter. Ted loves “basking in the backyard sun,” Diggs says. “He has been a member of our family since the moment he walked through the door.”

If adopting a dog isn’t in your future, consider volunteering or donating food or other needed supplies to an animal shelter.

NOVEMBER – Donate a Turkey or Tree

Donate holiday decorations, such as a Christmas tree. Some cities have groups that organize a donation. The Christmas Tree Project, for instance, pairs families who cannot afford a tree with people who’d like to donate one. This can brighten a home and everyone’s spirits!

For Thanksgiving, consider donating a turkey to a local family or kitchen. But check their suggestions for how to give back first – Feeding America® advises that a frozen turkey shouldn’t be dropped off unless a local food bank is requesting donations for them.

DECEMBER – Commit to Shopping at Local Businesses  

Create your own 12 Days of Supporting Local Businesses. Make a plan to find gifts or meal ingredients at local shops in your area. For bonus good-neighbor points, post about your actions on social media to inspire others to do the same.

It takes some planning, but it can be a good exercise to find out what’s offered near you and to intentionally explore and find places that support local shop owners instead of ordering everything online. (Plus, it reduces the environmental impacts from shipping items!)    

ABOUT THE AUTHOR
Alison Bowen is an award-winning writer and editor whose work has covered a wide range of topics, appearing in publications including the Chicago Tribune, The New York Times  and the Los Angeles Times.

Wesco Named to Fortune’s World's Most Admired Companies 2024

The latest edition of Fortune’s World’s Most Admired Companies 2024 once again includes Wesco International.

Wesco has been named to this prestigious list of international companies since 2022 and improved in its industry category of Wholesalers: Diversified ranking this year – up from #4 in 2023 to #2 in 2024.

“I’m proud that Wesco has once again been named to Fortune’s prestigious World’s Most Admired Companies list,” says Wesco Chairman, President and Chief Executive Officer John Engel. “The tremendous contributions our people are making to our business and in our communities are a testament to our continuous focus on our high-performance culture.”

In 2024, Korn Ferry, in collaboration with Fortune, analyzed nearly 600 firms across 28 countries with feedback from more than 3,700 senior executives and directors to compile the World’s Most Admired list. Only the most highly regarded and successful firms made the final cut.

Some of the criteria for the ranking include innovation, people management, social responsibility, quality of products and services, global competitiveness, and more.

Wesco is committed to being a socially responsible company, particularly as it allows them to attract and retain world-class talent and expertise. Their approach to sustainability is two-fold: Wesco reduces the environmental impacts of its own operations and assists their customers and suppliers with achieving their sustainability goals through the products and services they provide.

More information about Wesco’s approach to Environmental, Social and Governance can be found on Wesco’s website.

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4imprint® one by one® grants awarded to more than 5,600 charitable organizations in 2023

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