Corporate social responsibility

Statement of corporate social responsibility in accordance with the Danish Financial Statements Act §99a

Business model
The LINAK Group manufactures electric linear actuator solutions that ensure smooth adjustment of many different applications. Everything from healthcare to agriculture, comfort furniture, office furniture and industrial automation - the possibilities are almost endless.

At the LINAK Group, responsibility is about doing what you do best - and doing it properly. No company can work with CSR without making conscious choices. We base our decisions on common sense and on step-by-step improvement. Therefore, the Group works actively with five important areas:

We improve your life
We take care of each other
We take care of the environment
We are locally committed and globally conscious
We set expectations

These five core areas define our (LINAK) responsibility within CSR.

For further description, please refer to our: Corporate Social Responsibility.

Risk analysis
The LINAK Group has a size and a business area, which is why there is a risk of environmental, climate, social and employee conditions, human rights, anti-corruption and bribery.

Within the environment and climate, continuous efforts are being made to reduce energy consumption, while developing technology in productions.

In social and employee relations, the game is on no employees being injured, physically or mentally, these risks uncovered by politicians and managers in the area.

The risk of violating human rights, anti-corruption and bribery is hedged by the partners' behaviour in these with a code of conduct.

Due diligence processes

Environment and climate
The LINAK Group protects the environment for customers:

LINAK offers low energy consumption and environmentally friendly materials in our products
LINAK aims to reduce the impact on the environment and minimize our energy consumption
LINAK is always working to use the best available technology in production

LINAK visualises the development of energy consumption and invests in sustainable solutions and technologies. LINAK is continuously influencing employees' environmental awareness to achieve environmentally friendly behaviour.

The LINAK A/S 5 % gas-reduction goal was not achieved. The leading project was postponed several times due to technical challenges. After finishing the building project LINAK are back on track and have achieved the targeted gas reductions the past fiscal year.

The LINAK A/S 5% electricity reduction goal was not achieved due to the fact that insufficient energy-saving activities were launched during that period, primarily based on the available technic not being sufficiently cost effective. This goal has also been restored during the past fiscal year where we have achieved the targeted reduction of energy consumption per. produced unit.

Social terms and staff conditions
The LINAK Group will at all time comply with applicable legislation and other requirements in the field of occupational health and safety, in addition, the LINAK Group wishes a good working environment:

The goal is that no employees are injured, physically or mentally
Focus is on preventative work, which forms the basis of the Group's health and safety policies
Visualise a good working environment and develop behaviour accordingly
The Group supports health promotion initiatives and activities

To ensure employee well-being, the LINAK Group has described the ethical guidelines for good behaviour among employees. Please refer to Ethical Guidelines.

Continuous measurements of the working environment are taken to ensure social and employee relations, the results of which have been stable for the financial year 2019/20 compared to previous years.

Respect for human rights, anti-corruption and bribery
The LINAK Group respects the principles of international conventions such as the United Nations Declaration on Human Rights (1948) and the International Labor Organisation (ILO), and the LINAK Group expects partners to share this view. The principles and expectations are described in the Code of Conduct.

This means that partners must, among other things, ensure that:

The employees have freedom of association
Work does not take place under duress
They do not use child labourers
Working hours do not exceed the requirements of local law
They do not discriminate against employees
They support preventive measures related to environmental challenges and work actively to reduce environmental impact
They distance themselves from corrupt acts

The Code of Conduct has been added to the supplier quality agreement, which must be signed by the suppliers. The suppliers are expected to commit to an action plan with any. improvements under the Code of Conduct. If no progress is made, the LINAK Group reserves the right to terminate the cooperation.

The LINAK Group conducts regular audits with external partners to ensure that the Code of Conduct is complied with, which has been audited in the financial year 2020/21, none of these audits has given rise to the cessation of cooperation.

Please also refer to the LINAK Group's website for further description of the work on CSR.