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A sustainable development management

Aware of the changes taking place around us, we have developed a plan to transform the Śnieżka Group. We have set goals to be achieved in the short term, which indicate the direction of further changes on a way to sustainable development.

Śnieżka’s Sustainable Development Strategy 2023+

The “Śnieżka’s Sustainable Development Strategy 2023+” presents our approach to the issue of ESG – the impact on the environment and the community as well as the broadly understood sphere of management. It has been closely linked to our business model and development plans. The adoption of the Strategy is our response to the growing awareness and expectations of consumers, representatives of the capital market and business partners. It also results from our readiness to respond to dynamic changes in the regulatory environment – both at the national and European level.

The adopted Sustainable Development Strategy is the result of many months of analyses and work in which the Management Board, representatives of senior management and a wide group of employees were involved. It is one of the axes of our Group's transformation. In the transition period (covering the next few years), we will pursue the set goals in parallel by setting new and developing competences in the field of ESG.

Aleksandra Małozięć Director of Corporate Communication and ESG

The strategy was developed for FFiL Śnieżka SA (JSC) (the parent company) and Śnieżka Trade of Colours Sp. z o.o. (Ltd.). Ultimately, it will cover all the companies included in it – operating both in Poland and abroad.

Placing ESG issues in the management structure

As the part of working out of the “Śnieżka’s Sustainable Development Strategy 2023+” process, we have created a diagram indicating the organizational units that play a key role in achieving the assumed goals.

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The company’s management board has appointed an internal Sustainable Development Team, consisting of top management members representing key areas for the implementation of the Strategy. The team’s functions as:

  • a platform for dialogue within the organization in a field of sustainable development.
  • a consulting and advisory body for the Management Board in a field of ESG activities responsible for the implementation of the Strategy’s objectives and reporting non-financial data.

An ESG Manager leads the work of a Sustainable Development Team, ensuring systematic monitoring of the implementation of Strategy. It guarantees, manages and improves the implementation of ESG principles and is responsible for Śnieżka’s reporting in a field of sustainable development (including a stock exchange reporting).

The key pillars of our responsibility

The Śnieżka 2023+ sustainable development strategy indicates three key pillars of our responsibility towards the environment. As part of them, we have identified a total of nine areas defining priorities for the Śnieżka  further development in a field of ESG.

We are responsible for the impact of our activities on the environment and climate.

Product liability in its life cycle is permanently inscribed in the DNA of our business model – starting from an idea, through research and the development analyses, selection of suppliers and a purchasing process, quality control, production, sales and communication, and finally – use.

The impact on the environment, as well as the health and safety of users – we assess at a stage of product design and determining of a composition recipe. We carefully select raw materials based on specification, impact on the environment, expected parameters and availability. As part of a purchasing process, we analyse our suppliers in terms of meeting ESG criteria. On the other hand, at a production stage, we place great emphasis on efficiency and optimization of media consumption (water, energy).

The priority areas:

  • Product liability – we guarantee high quality and do ourselves best to ensure that our products and packaging have a positive impact on the health and safety of customers.
  • Purchase liability – we strengthen a sustainable development in a supply chain.
  • Impact of activity on the environment and climate – we minimize our environmental footprint by the implementing of optimizations and improving efficiency.

We are responsible for employees and carry out activities for the benefit of local communities.

Employees are the strength of our organisation. Their commitment and creativity are the basis for new solutions that foster competitive advantages. That is why our priority is to build a culture of safety and continuously develop our team.

The “People” pillar also encompasses collaboration and listening to the needs of the community residents in whose neighbourhoods we operate. On a daily basis, we care about being a “good neighbour” and a reliable employer – and by creating our own community initiatives – we favour to minimize community exclusion in areas are defined by us.

The priority areas:

  • Employees involvement and development – We focus on the involvement and development of employees in a safe, diverse and an inclusive work environment.
  • Occupational Health and Safety – We build a safety culture.
  • Community involvement – We carry out community projects based on our competences and are involved in the development of local communities.

We build an organization based on an effective management system and business ethics.

The basis for an effective implementation of the sustainable development principles  is a well-organized organization management system. It allows to minimize a risk and ensures that the key decisions are made in accordance with the interests of the company and its stakeholders. As a result, it contributes to building up the company’s value in the long term.
Therefore, in our activities we take care of transparency in market and communication activities, compliance with regulations and business ethics, which translates into the high standards of cooperation with shareholders, business partners and counterparties. We also develop IT systems to ensure the digital security of organisation, our customers’ data, and internal control systems. We also manage a risk in the most important areas of our business.

The priority areas:

  • Compliance – We ensure compliance of our activities with laws, regulations and standards.
  • Cybersecurity – We focus on cybersecurity.
  • Risk management – We formalize a comprehensive approach to a risk management, including a climate risk.

In order to effectively implement the Strategy, we have assigned to each of the priority areas:

  • Responsibility – at the level of a specific organizational unit.
  • Strategic goals – defining the vision and overriding goal in a given aspect.
  • Operational goals – relating to the individual strategic goals, being specific actions to be implemented, defined in time, with assigned measures.