Corporate Social Responsibility

Our company

Environment and climate

Egmont works to promote greater environmental responsibility. We expect our employees and business partners to take steps to work in a sustainable manner within six key areas: energy consumption, packaging, waste, chemicals, transportation and paper.

Business ethics

Egmont launched a new Business Ethics Policy in 2019, which works as a guideline for legal an ethical conduct for our employees. The Policy guides to appropriate decision making and provides information about the options for seeking advice in the company. Egmont’s Business Ethics Policy covers areas such as anti-corruption and bribery, gifts and entertainment, competition law, illegal use of content and conflicts of interest. Egmont provides business ethics training for all relevant employees on an annual basis.

Whistleblowing

Egmont has a whistleblowing policy that includes an online whistleblowing system, where employees and external stakeholders can securely express their concerns about possible misconduct.

Supervisory boards

The target for all Danish Egmont supervisory boards are: The underrepresented gender shall constitute at least 1/3 of the members of the supervisory boards no later than by the end of 2024. The target has been met in all Egmont’s Danish companies except for Egmont Fonden and Egmont International Holding A/S, which only have one female board member elected by the annual meeting, pls. cf. page 13 in our CSR report 2019.

Charitable activities

Egmont is a foundation. Every year, we donate EUR 13 million to improve the lives of vulnerable children and young people in Denmark and Norway.

Our employees

Employee engagement

People are our most important asset, and it is one of Egmont’s strategic priorities to be people-driven. We conduct engagement surveys twice a year, and continuously invest in our leadership training to keep Egmont’s overall engagement rate at a high level.

Diversity

Egmont aims to have a diverse set of competencies. Diversity is not a matter of gender only, but can also include educational background, functional experience, cognitive perception, age, cultural and religious background etc.

Gender balance

Egmont wishes to employ the best qualified person, irrespective of gender. When recruiting or promoting employees, Egmont aims to identify both female and male candidates. Egmont’s total workforce currently consists of 52% women and 48% men. For the total management pool across the group, Egmont has a gender split of 46% women and 54% men.

Our supply chain

Egmont Social Compliance Programme

The Egmont Social Compliance Programme focuses on responsible supply chain management and product safety and quality. We monitor third-party manufacturers’ social compliance level via social audits, on-going dialogue and inspections.

Egmont’s Code of Conduct

Our Code of Conduct obligates suppliers and business partners that work for or with Egmont to observe minimum compliance and ethics standards that correspond to the UN Guiding Principles.

Social audits

Part of Egmont’s work with responsible supply chain management is auditing of first tier or core manufacturers based on country risk assessment. All new and current suppliers need to go through an approval process to produce Egmont products and licensors’ products.

Product safety and quality

Egmont works with product safety and quality through the Egmont Social Compliance Programme to ensure that all our products are safe to use. This is especially important for products aimed at children. We have a comprehensive test and inspection programme to ensure that our products comply with applicable legislation.