Corporate Social Responsibility
Vision for Literacy Business Pledge
Egmont proudly joined the national literacy campaign when it began 2 years ago and are continuing our support into 2018. We are proud to have signed the Vision for Literacy Business Pledge 2018.
Research for Read On. Get On. estimated that if every child left primary school with the reading skills they need, our economy could grow by more than £30 billion by 2025i. As the UK prepares to leave the European Union, these skills will become more important as we forge new economic alliances in a competitive global market.
It is also an issue of social justice. Despite 20 years of government efforts to improve social mobility in England, the Social Mobility Commission recently highlighted the significant achievement gap between our country’s richest and poorest children.ii At the current rate of progress it will take 15 years before all children are school ready by the age of five, and it will take a staggering 40 years before the attainment gap between the rich and poor at that age is closed.
Now in its third year, the Vision for Literacy Business Pledge calls on the UK business community to join the national literacy campaign and deliver tangible benefits to help close the literacy gap and boost social mobility. Launched by the National Literacy Forum, the Pledge has seen an increased business commitment to literacy over the past couple of years.
We pledge to elevate the literacy issue within our business and take practical action to close the literacy gap and create a fairer society by:
- Engaging our employees in the literacy challenge
- Supporting the drive to raise literacy levels in our local community
- Contributing to the national campaign to raise literacy levels
You can find more information about the campaign on the Vision for Literacy Business Pledge 2018 website.
Egmont distributes part of its profits to charitable activities through the Egmont Foundation. Proceeds from Egmont Publishing UK’s books and magazines support initiatives that generate positive change and value for children and young people at risk.
To date, over €356 million has been donated to children’s charities.
Statement for the UK Modern Slavery Act
The Egmont Group has commercial activities in the UK and an annual global net turnover of more than GBP 36m and is thus obliged to prepare a statement for the UK Modern Slavery Act.
This statement presents the steps Egmont has taken across the Group to ensure that modern slavery does not take place in any part of Egmont’s business or supply chain. This statement relates to the fiscal year 2017.
Egmont was founded in 1878 and is a commercial foundation. Egmont is a leading media group in the Nordic countries with activities in more than 30 countries and has 6,600 employees*. Egmont’s media world spans four divisions: Nordisk Film, TV 2 Norway, Egmont Publishing, and Books. The strategy Grow with the Modern Consumer sets Egmont’s strategic direction towards 2020 and entails investments in digital growth and new tech-based businesses. The annual profit is invested in business development and support for vulnerable children and young people through the Funding and Grant Administration.
Egmont does not accept any form of modern slavery in Egmont nor in the supply chain. Egmont has policies and programmes in place to prevent the occurrence of modern slavery. Business partners are required to sign Egmont’s Code of Conduct (CoC) and Egmont requires manufacturers to ensure that subcontractors are aware of and comply with Egmont’s CoC.
The CoC together with the Egmont Social Compliance Programme operationalizes Egmont’s efforts against modern slavery. The Egmont Social Programme requires social audits at third party first-tier/core manufacturers based on the country risk group and sector. Egmont operates with three risk groups:
- Group 1: Suppliers are audited every 12 months
- Group 2: Suppliers are audited every 12-24 months
- Group 3: Suppliers are audited ad hoc
If Egmont experiences or is made aware of an instance of modern slavery in its supply chain, it has procedures in place to take appropriate action.
*Number of employees in wholly owned and partly owned companies, controlled by Egmont, paid by the month.
Paper and Forestry
Egmont takes its responsibility to the planet and its inhabitants very seriously. We aim to use papers from well-managed forests run by responsible suppliers.
Publishing is a global business and we use suppliers located in many different regions of the world. To help us choose suppliers who treat their workers with the respect they deserve we insist that they conform to our ethical code of conduct.
This code of conduct has strict rules including the minimum age of employment, wages, hours worked and safe factory conditions.
We subscribe to a robust system of social audits to help us check that our suppliers meet our ethical standards and we work closely with them to make sure they carry out any necessary improvements.
Commitment to Safety
We only produce products that are safe for young people – from the very earliest age. Our standards are very high and our procedures are rigorous in every detail of every product.
We have a dedicated product safety team who work with our creative departments to make sure safety considerations are part of every stage of product development.
We have two crucial long-term policies: we never hide behind safety warnings and we design products for foreseeable as well as intended use. Both policies have become enshrined in EU legislation.
Our ethical publishing principles are agreed at Board level. Please get in touch with us if you have any questions about our approach.