Governance
Sustainability Work

At Systemair we put responsible business high on the agenda. Managing our sustainability strategy and commitments in a structured and dedicated way creates real progress and transparency for our key stakeholders.

Systemair’s overall strategy has been broken down into a detailed sustainability strategy. In conjunction with our Code of Conduct, this covers the material sustainability topics identified for impacts, risks and opportunities in the double materiality assessment. Systemair’s Board of Directors has overall responsibility for the sustainability work and the strategic priorities. Group Management owns Systemair’s sustainability strategy and is responsible for ensuring that the right conditions are in place to implement it.

It is the Board of Directors that approves Systemair’s Annual and Sustainability Report, which provides information on the risks, opportunities and impacts Systemair has identified as being material in its value chain. Systemair’s Audit Committee checks that there are adequate control processes in place for the aspects identified as being material and is responsible for keeping itself informed about the impacts, risks and opportunities that are material for Systemair. The Group Sustainability Director ensures that material impacts, risks and opportunities are set out in the relevant policies, and that monitoring procedures and the necessary control processes are in place.

The Board of Directors is informed about Systemair’s sustainability work via the Audit Committee. At each Board meeting, the chair of the Audit Committee reports on the matters discussed at the committee’s meetings. Systemair’s Group Sustainability Director attends meetings of the Board’s Audit Committee as required, to provide information on relevant updates and changes relating to Systemair’s sustainability work. New sustainability targets are set by Systemair’s Group Management, in consultation with the Group Sustainability Director. Systemair’s Board of Directors is informed of and gives final approval to the targets, with the Chair of the Audit Committee presenting any new targets at the Board meeting. At least once a year, the Audit Committee reviews the progress made with regard to achieving the targets and, when necessary, informs the entire Board about this.

Within Group Management, the CEO and the CFO hold regular meetings with the Group Sustainability Director to review the status of Systemair’s sustainability work and to prepare any decisions that may need to be taken by the full Group Management. The Group Sustainability Director reports to Systemair’s CFO.

Each focus area of the sustainability strategy has an owner in Group Management, along with a designated functional manager for development issues who is most closely associated with the particular core issue in each focus area. Key performance measures and, in most cases, a policy and targets are established for each core issue. Prioritised development activities are updated annually for each core issue, in consultation with the relevant functional manager. Activity plans are made for the largest subsidiaries to ensure that the right activities are performed to achieve Systemair’s overall sustainability targets. The MD of each subsidiary is responsible for ensuring that the activity plan is kept updated and that the conditions are created to enable the activities to be performed. The subsidiaries’ operational boards, known as Business Boards, review the companies’ sustainability work at least once a year.

For more information on monitoring, risk management, and internal control, please refer to the Annual and Sustainability Report.