Managing sustainability
The highest governance bodies of Tokmanni Group are the Tokmanni Group’s Board of Directors and respective Executive Groups of Tokmanni and Dollarstore. The Sustainability and Personnel Committee of Board of Directors assists the Board in matters related to the environment, society and governance (ESG). During the reporting period, governance bodies focused on addressing the risks and effects of changing sustainability related legislation.
Tokmanni has had a Sustainability Steering Group since 2019, headed by the Vice President, People, Culture and Sustainability, since mid-2021. The Tokmanni Sustainability Steering Group members include the Group President and CEO, and representatives from the finance, marketing and communications, sourcing, store network and concept, quality, and sustainability functions. Dollarstore’s sustainability and quality team is building an ESG organisation.
The Tokmanni-Dollarstore United Steering Group was formed in 2023 after the acquisition of Dollarstore. The Tokmanni-Dollarstore Steering Group includes among others the Chief Sustainability and Quality Officer from Dollarstore and the Head of Corporate Responsibility from Tokmanni, and it meets frequently to develop and collaborate sustainability related goals, policies, synergies, and processes together. The framework for sustainability work and the sustainability goals are defined at the Group-level. Due diligence and the precautionary principle guide all Tokmanni Group’s operations, including sustainability.
The Board of Directors has approved Tokmanni Group’s Code of Conduct and related ethical principles as well as non-financial information in the report of Board of Directors that includes Tokmanni Group’s material sustainability topics. Policies are approved by the Executive Group and guidelines by the Tokmanni Sustainability Steering Group. The Group’s new Sustainability and Personnel Committee monitors and evaluates the effectiveness of sustainability-related systems and processes. In addition, it assesses compliance with sustainability-related laws, regulations and company procedures. Tokmanni’s CDP report and the Group’s Corporate Governance Statement detail the role of the governance bodies in overseeing the management of and the decision-making concerning the organisation’s impacts on the economy, environment and people.
At Board meetings, the Vice President, Strategy, Business Development and e-commerce, provides regular updates on the progress against the sustainability projects included in the 2021–2025 business strategy, among other things. These updates include information about the management of Tokmanni Group’s impacts and due diligence processes. Additionally, the Board holds strategy meetings to review progress against the corporate strategy, which includes sustainability topics, and next year's priorities.
More information can be found in the English-language Sustainability Report, page 12, Managing sustainability.