Orkla ASA

Orkla recognized in Dow Jones Sustainability Index: Top 5% in category🏆 Orkla has proudly been a part of the Dow Jones Sustainability Index Europe for some years now, and we've retained our position in 2023. The evaluation is conducted by S&P Global, assessing over 3500 companies. This recognition is a testament to our commitment to sustainability. Out of 3500 companies evaluated by S&P Global, Orkla stands proudly among the top 5% in our category. Our efforts across various ESG dimensions have earned us this remarkable achievement 🌍 A big thank you to every employee at Orkla, especially our colleagues dedicated to driving our sustainability initiatives forward. Your unwavering commitment has been pivotal in maintaining our position in this index. Want to know more about Orkla’s approach to sustainability? Take a look at our video showcasing our ESG position🌱💡 #Sustainability #DJSI2023 #SustainableFuture #OrklaSustainability #WeAreOrkla #SustainableValueCreation

Orkla reports strong profit improvement Orkla achieved EBIT (adj.) of NOK 2.0 billion in the second quarter of 2024, up 13% on the same period last year.

Gender balance in leadership crucial for sustainable business success✨️ Recent findings from the annual CORE Topplederbarometer, launched by the Institute for Social Research in Oslo, highlight the need for continued efforts to ensure gender balance in top management positions in Norway. We are pleased to share that Nilüfer Sahin, our Senior Vice President for Corporate Reputation and DE&I, participated in a panel discussion on this important topic, sharing our perspectives and efforts on driving the gender equality agenda in our portfolio as an investment company. Nilüfer Sahin emphasized, “We aim to create solid conditions for gender balance in our leadership teams through an inclusive culture and integrating specific targets into leadership intensive schemes alongside initiatives such as bias training and adjusted recruitment processes.” She highlighted that gender balance in leadership is not only the right thing to do but also business-critical when half of our societies and thus markets consist of female consumers. The launch of the CORE Topplederbarometer was opened by the Norwegian Minister of Culture and Equality, Lubna Jaffery. Nilüfer was joined by esteemed panelists, including the CEOs of KPMG Norway and EY Norway, the commercial leader of Europower, and Senior Research Fellow at the Institute for Social Research, Sigtona Halrynjo. #GenderEquality #DEI #Leadership #Orkla #CORETopplederbarometer #SustainableBusiness #Diversity #Inclusion

Orkla announces the sale of Lilleborg  Orkla has entered into and completed an agreement to sell 100% of the shares in Lilleborg AS to Solenis, effective as of 12 June 2024. The transaction values Lilleborg at NOK 600 million on a cash and debt free basis. https://lnkd.in/djsrSkBx Solenis Lilleborg

Uniting forces on World Environment Day🌍 Today, we proudly join the global community in commemorating World Environment Day. At Orkla, environmental protection is at the heart of our sustainability strategy and operations across our diverse portfolio companies. We are committed to making a positive impact and preserving our planet for future generations. On this meaningful day, we have gathered sustainability leaders from our portfolio companies to discuss crucial themes, with a primary focus on our Net Zero Transition Plan towards 2045. Together, we can drive meaningful change and contribute to the protection of our environment. #WorldEnvironmentDay #Sustainability #ESG #NetZero #Orkla #EnvironmentalConservation

As a leading investment company and active owner of consumer-oriented companies and brands, we are proud to have hosted our annual Orkla Growth Awards where we celebrated the best of our companies’ brand growth initiatives, innovation, and sustainability cases among others. Our brand growth thinking, and how we leverage it across our Portfolio Companies, is a key differentiator for Orkla. The Orkla Growth Awards plays an important role here, recognizing and sharing best practice value creation across our companies, with strong brands at the core. All made possible by our fantastic people.   🥇 Congratulations to all the winning teams. And a special congratulations to Jotun for winning the Orkla Grand Prize at the Orkla Growth Awards 2024! With record sales and earnings, Jotun has created outstanding business growth and significant value in all segments. Nils Goller and Mirjam Hamnen   #OrklaGrowthAwards #BrandBuilding #Jotun #BusinessGrowth #Innovation #Orkla #WeAreOrkla

We are pleased to announce that Baste Amble is appointed as CEO in Orkla IT, starting on the 1st of September. Baste has more than 30 years of experience in IT, both as a consultant and as an IT manager in several industrial companies. He comes from the role as Director Global Shared Services IT at DNV where he has been responsible for delivering and developing IT services for DNV's six business areas through 450 employees in 25 countries. Prior to this, he has held various management roles within IT in companies such as Multiconsult, Aker Solutions and Wallenius Wilhelmsen, as well as working as a consultant in PA Consulting, Deloitte and Andersen Consulting (now Accenture). "Baste has highly relevant IT competence and solid leadership experience. Capabilities that will be important for developing Orkla IT further in close cooperation with its customers, Orkla's portfolio companies, and Orkla ASA as an owner " says Harald Ullevoldsæter, chair of Orkla IT Board of directors. "I’m honored and very happy to take on the CEO role of Orkla IT. I look forward to working with the skilled and solid team of Orkla IT, and developing IT in close cooperation with the customers, the portfolio companies and Orkla ASA, supporting Orkla’s new strategic direction." says Baste Amble #newhire #employee #OrklaIT

🌿International Day for Biodiversity Protecting biodiversity is a vital element in the value chain of Orkla’s portfolio companies. We understand that healthy ecosystems are crucial to produce many raw materials, and the loss of biodiversity poses significant risks to the environment and thus also the operations of our portfolio companies. Our companies are dedicated to: 🍀 Reducing Pressure on Nature: Ensuring operations do not contribute to deforestation or the conversion of natural ecosystems. 🍀 Collaborating for Conservation: Working with partners and suppliers to foster increased biodiversity through innovative approaches. 🍀 Setting Clear Targets: Developing robust plans, policies, and actions aligned with Orkla’s sustainability ambitions. 🍀 Ensuring Certification: Achieving certifications for raw materials with high environmental risk. 🍀 Restoration and Regeneration: Actively restoring and regenerating nature in line with Science-based Target Network (SBTN) guidelines.   Orkla companies work with suppliers through certifications and other programs to promote a more sustainable agriculture, forestry, and fishing. Several Orkla companies also work actively to increase the proportion of plant-based food which require considerably less agricultural land than meat and dairy products and thus leave more space for natural areas. As a part of the biodiversity journey of our companies, we are proud to be part of the Swedish Foundation for Strategic Environmental Research, BIOPATH collaboration project, alongside leading institutions such as Lund and Göteborg Universities. This initiative helps to understand nature-related dependencies, impacts, risks, and opportunities. We aim to set meaningful targets and prepare for comprehensive biodiversity and ecosystem reporting. #BiodiversityDay #Sustainability #EnvironmentalProtection #Orkla #Biodiversity #SBTN #TNFD #ZeroDeforestation #BusinessSustainability #EcosystemRestoration #BIOPATH

We are thrilled to welcome Annie Bersagel as our new Senior Vice President (SVP) of Investor Relations at Orkla ASA, effective September 1st. The Investor Relations role actively manage our Equity Story in alignment with our strategic priorities and new business model, and ensuring consistent and effective communication with the capital markets. "Annie brings valuable investor experience to our IR team with engagement with a variety of listed companies across industry sectors. We are looking forward to welcoming her to Orkla to continue to develop our important Investor relations function " says Arve Regland, EVP, and CFO. Annie joins us from Folketrygdfondet, where she served as Portfolio Manager – ESG, integrating crucial ESG topics into the investment process and ownership activities. She has also held the role of Acting Head of Responsible Investments at KLP Kapitalforvaltning. Annie is a US-trained lawyer from Stanford Law School and holds an NHH Executive MBA in Finance from the Norwegian School of Economics (NHH). "I am excited to join the Orkla team as the company transitions to an industrial investment model. Orkla has a central place in Norwegian industrial history, marked by a unique track record of continuous reinvention and renewal over more than 400 (!) years. I look forward to communicating progress on the company´s targets to create sustainable value for shareholders" says Annie Bersagel. Please join us in welcoming Annie to Orkla ASA with a 👍! #employee #newhire #IR #investment #team

Financial Times: Orkla among Europe's climate leaders 2024 Orkla has been recognized as one of Europe's Climate Leaders 2024 by the Financial Times. This recognition highlights our strong commitment to sustainability and care for the environment. At Orkla, we understand the vital role that we and our stakeholders play in building a sustainable future and this recognition reaffirms our commitment to making a positive impact. At Orkla we have reported on emissions and climate governance to CDP since 2008. We had our first science-based climate targets approved by SBTi (Science Based Targets Initiative) in 2018, reduced our Scope 1 and 2 emissions by 62 percent since 2016 and we are currently working systematically on our decarbonization plan including reduction of Scope 3 emissions. “As the owner of companies producing many of the brand’s we all use in our everyday life, reducing Scope 3 emissions will require a collaborative effort. This involves among other things consumer behavior and a rethinking of the value chains to reduce the carbon footprint of key raw materials. This is for sure a challenging and complex task, but a genuinely exciting journey that we are committed to,” says Jeanett Bergan, SVP ESG and Sustainability in Orkla ASA. We are grateful to employees across Orkla’s portfolio companies whose dedication has been instrumental in driving the sustainability initiatives forward throughout the value chains. We also extend our thanks to valued partners and stakeholders who support us on this journey. Global emissions are still on the rise and challenging work is still ahead of us. At Orkla we are committed to continuing our efforts, acknowledging that we have a way to go.  #ClimateLeaders #Sustainability #Orkla #WeAreOrkla Read more in the print edition of the Financial Times today or here: https://lnkd.in/dVeFNaNE