Effective management of sustainability work
The four areas we focus on in our sustainability work are Learning, Employees, Environment and Transparency.
AcadeMedia’s stakeholders determine which sustainability areas are particularly important for them in relation to AcadeMedia. Our stakeholders are listed here. Their questions and contributions have fed into our materiality analysis, which details the importance of various issues for our stakeholders, and the extent to which AcadeMedia is able to influence these issues.
Maintaining public confidence in AcadeMedia’s work is critically important, particularly since income comes largely from public funds. Open and proactive communication is an essential aspect of AcadeMedia’s approach. We demonstrate openness by sharing information via social media and maintaining good contacts with traditional media. We also choose to give the outside world insight into our business and our policies, by keeping large parts of AcadeMedia’s intranet (employee web service) public.
Risks in our operating environment
The way we manage various kinds of risks in our operations is a key issue in our stakeholder engagement. The purpose of this work is to pre-empt and/or mitigate risk and damage. In order to do this, efforts are continually underway to identify, manage and report various types of risk, at a strategic, operating and financial level. Two of the most obvious risks from a sustainability perspective are risks related to the supply of qualified employees (skills shortage) and risks related to premises. Premises that are fit for purpose are a prerequisite for both existing and new schools. A shortage of appropriate premises creates problems in terms of work environment, a good setting for development and learning and a long-term approach. Overall, there is a risk of impacting
on the individual unit, business and Group’s brand, which in turn can have a significant impact on employees (individuals and teams) and on AcadeMedia as a company.
A detailed description of our risks and how they are managed is provided in the Administration Report on page 60-62.
In order to minimise damage in the event of a crisis, there are crisis management plans in place at several different levels in the Group. Each unit has a person responsible for crisis management, who is supported by crisis leaders at operational and Group level. The plans that are in place and the exercises that are carried out will ensure good preparedness and robust capacity, which will reduce any acute damage in situations where the normal organisation and standard procedures are insufficient.
A sustainable supply chain
AcadeMedia in Sweden mainly orders goods and services from just over 200 framework agreement suppliers. The German and Norwegian businesses have similar systems with central agreements.
Our framework agreements contain a number of requirements that are part of our sustainability work. Suppliers must comply with our Code of Conduct and give relevant guarantees for us to be able to conduct operations without disruption. For certain business-critical systems, such as WAN (Wide Area Network, the computer network that covers an entire region), we have two suppliers that can cover each other should one of them go down.
For our central IT systems, we have requirements for suppliers when it comes to uptime, response time, acceptable data loss, backup and recovery times. We work constantly to evaluate various risks in our IT systems, and in our continuity planning to assess which systems are the most critical in order to make the right priorities during extended business interruptions.
Another sensitive part of our supply chai is food delivery, whether it concerns raw ingredients for our own kitchens, or ready-to-serve meals delivered to schools. In order to secure deliveries, we use large framework agreement suppliers as much as possible. In addition, we have opted to work with several suppliers that can often cover for one another should one
of them experience problems. We also have several in-house kitchens that have capacity to help additional units. We work closely with all our food suppliers. Delivery performance is one of the issues that is monitored by both our meal managers at head office and by our purchasing support function.
AcadeMedia is one of Europe’s biggest education companies, and as such we have a considerable responsibility to contribute to both the sector and society. One way of doing this is through transparency, while another is to work with other companies and organisations.
Examples of organisations of which we are members:
- Swedish Association of Independent Schools
- Private Barnehagers Landsförbund (PBL) in Norway
- Deutscher KiTA Verband
- Association of Private Education Providers
- Ifous, which is an independent research institute that focuses on creating benefit for Swedish schools and preschools
- Confederation of Swedish Enterprise
The following pages contain a description of our management approach, what we are
working on and our achievements during the year in efforts relating to our key sustainability issues within Learning, Employees, Environment and Transparency. Management is conducted in accordance with policies and monitoring at Group level. Group level also establishes overriding goals and ambitions;, . however, operative and specific work to achieve these goals is pursued at all our preschools, compulsory schools, upper secondary schools and adult education units. It is in the actions of each individual person within AcadeMedia that we carry out the most important work in our efforts to achieve the UN’s fourth SDG: Quality Education.
Generated and distributed economic value
AcadeMedia provides education for 180,000 individuals every day. We are also a workplace for 16,900 employees. We rent a total space of just under 850,000 m2 from around 560 landlords in Sweden, Norway and Germany. We pay salaries and tax, tax that benefits our employees, society and central government finances. This creates flows, and a level of prosperity that affects all AcadeMedia stakeholders.
Tax is an important sustainability issue for all societies and their citizens. AcadeMedia has had a tax policy since 2014. It states that in areas where the rules are unclear, the Group must act wisely, cautiously and transparently.
|Stakeholder||Channel for dialogue||Key issues for stakeholder group|
|Children, students, adult learners and guardians||With committed employees and effective study environments, we are equipping our children, students and adult learnerss with knowledge and education to shape their own futures – Change through Education.||Daily meetings at preschools, schools and education units. Development reviews Mentor time|
Parents’ meetings Learning platforms Social media
Fairs and other public arenas
A good environment for development and learning
Knowledgeable and committed employees Low employee turnover
Opportunity to influence/responsive approach Good food
|Employees||AcadeMedia will recruit, develop and motivate the best educators and school leaders. We also want to create an effective organisation and continual collegial learning.||Meetings|
Internal communication Performance reviews Employee satisfaction surveys Union meetings
|Work environment, working conditions and health
Opportunity to influence/responsive approach Professional development
Attract and develop employees
|Suppliers||AcadeMedia aims to lead by example and based on our size, negotiate good terms in relation to financial and sustainability aspects in the contracts we conclude.||Procurement Purchases Meetings Monitoring||Work environment, working conditions and health
Anti-corruption and bribery Environment/sustainability
|Shareholders||AcadeMedia will create long-term sustainable operations and a robust return for its shareholders.||Meetings|
Board representation Annual General Meeting Financial statements Investor presentations
|Robust and sustainable growth and profitability Attract and develop employees
Responsible conduct from management and Board of Directors
|Society||AcadeMedia will live up to society’s expectations via a responsive approach, high level of transparency and good accessibility.|
AcadeMedia will also contribute to society’s need for skilled citizens by pro- viding relevant education programmes of high quality.
|Traditional media Social media|
Meetings and seminars
Development of the school of the future Responsible use of tax revenue
Low employee turnover Transparency