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 2025. 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.
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 2018.
Egmont is a leading media group in the Nordics. It was founded in 1878 and is a commercial foundation. The strategy “Grow with the Modern Consumer” entails investments in digital growth and new tech-based businesses while applying technology to strong storytelling. The annual profit is invested in business development and in the charitable activities to support vulnerable children and young people as well as donations for film talents through Nordisk Film Fonden.
Egmont does not accept any form of modern slavery or human trafficking in Egmont or in third-party supply chains. Egmont operates a number of internal policies to prevent the occurrence of modern slavery and to ensure that we are conducting business in a transparent and ethical manner, including a Business Ethics Policy, a whistle-blowing policy and a corporate recruitment policy. Furthermore, Business partners and suppliers are required to sign Egmont’s Code of Conduct (CoC) and they are required to ensure that their subcontractors are aware of and comply with Egmont’s CoC. Relevant staff has been trained in the Egmont CoC during 2018.
The CoC, which is based on the UNGC principles, 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/business partners based on the country risk group and sector. The classifications are:
- Country Group 1: Suppliers are audited every 12 months
- Country Group 2: Suppliers are audited every 12-24 months
- Country Group 3: Suppliers are audited ad hoc
During 2018, Egmont had 40% active suppliers in Country Group 1, 20% active suppliers in Country Group 2 and 40% active suppliers in Country Group 3 with a total of 487 active suppliers in its supplier pool. If Egmont experiences or is made aware of an instance of modern slavery, this will be dealt with by the legal and compliance teams. For further information on Egmont’s Social Compliance Programme, please cf. www.egmont.com/int/social-responsibility/.
This statement was approved by Egmont’s board of directors on 14 March 2019 and will be reviewed annually.
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.
Plastics and the Environment
Sustainability is a key priority for our business and we are committed to minimising the impact our products have on the environment whilst ensuring they continue to be safe and durable. All single-use plastic packaging is recyclable and as members of OPRL we are working to provide clearer guidance to our consumers on how to dispose of our products responsibly.
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.