CORPORATE SOCIAL RESPONSIBILITY 2. 2 SCOPE covers the annual year 2013. ABOUT THE REPORT THIS IS PALSGAARD'S FOURTH CSR REPORT. WE PRODUCE A REPORT EVERY YEAR. THE PURPOSE IS TO PROVIDE A BALANCED OVERVIEW OF THE MOST SIGNIFICANT CSR-RELATED GOALS, TOPICS, ACTIVITIES AND RESULTS IN THE PALSGAARD BUSINESSES INCLUDED IN THE REPORT. In terms of structure and principles, this CSR report has been constructed in a similar format to our first, award-winning1 report for 2010. Our most important stakeholders in relation to this report are the company's customers, employees, trend-setting retail trade, local community, the media, important industry competitors and NGOs. These stakeholders are defined, in collaboration with Palsgaard’s senior management, through a selection process that includes relevance analysis. To ensure we cover the broad spectrum of stakeholders, we report widely on our CSR activities. Palsgaard supports the UNGC (United Nation Global Compact) initiatives and as such, the report also functions as our annual COP (Communication on Progress). The report and specified data have been reviewed by The CSR report includes the following legal entities: Schou Foundation, Palsgaard Estate A/S and its associated forest and agricultural areas, Palsgaard A/S and its subsidiaries, and Nexus A/S (see figure in section 3). These entities will all be treated as one entity entitled 'Palsgaard' in the report. Associated companies in which Palsgaard does not have a majority shareholding are not included in the report. The scope of the reported data has been detailed in section 15. This report REPORTING PRINCIPLES The report has been prepared using the principles determined in the Sustainability Reporting Guidelines from Global Reporting Initiative (GRI) as well as the associated sector supplement for food production. See section 16 for an overview of relevant GRI indicators, including references, The topics included in this report have been determined based on evaluations of interest and relevance in connection with the development of Palsgaard's CSR strategy and associated strategic objectives (see section 5). an independent auditor and the auditor’s declaration can be found in section 14. Our reporting practice is explained in section 15. TABLE OF CONTENTS 1. What is CSR? 2. About the report 3. Palsgaard in brief 4. A message from the management 2 3 6 8 9. Production and environment 10. Sales and logistics 11. Product application 12. Contribution to society 13. Data summary 14. The independent auditor's statement 15. Reporting practice 16. GRI table 26 30 32 38 42 43 44 46 5. Our foundation and agenda for sustainability 10 6. Customer-driven innovation 7. Raw materials and suppliers 8. Our employees 14 16 20 ¹) FSR-Danske Revisorer's Award for Best First Report). 3
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