PART 1 CORPORATE RESPONSIBILITY
In KIRKBI, corporate responsibility is integrated in our Fundamentals
and the three Promises to people, to partners and to the planet. With
these promises, we aim to fulfil a strong focus on creating a positive
impact through responsible ownership and investments.
KIRKBI aspires to enable the Kirk Kristiansen
family to succeed with our mission through
As part of the Fundamentals, KIRKBI has
Promises to people, to partners and to
The promises encompass the approach to
corporate responsibility and are cornerstones
for everything we do in KIRKBI.
We continuously strive to develop the
Promises approach and refine how we
live them – and always with a longer-term
orientation in mind.
The overview on the opposite page
shows KIRKBI’s focus areas within each
of the three Promises, which we believe
have the greatest potential to deliver
enhanced value and a positive impact
for and with all stakeholders.
LIVING OUR PROMISES
Investing responsibly and investing in
responsible companies are vital to secure
financial returns in the long term while
delivering on the Promises to people,
partners and the planet.
Below, it is outlined how we invest and our
processes for people development within
KIRKBI together with some of the results
achieved in 2017.
HOW WE INVEST
Based on an outline of areas that are
incompatible with our mission and values,
we avoid investments in the following
Ole Kirk Kristiansen, Founder of the LEGO Group
| 18 | ANNUAL REPORT 2017
• Adult entertainment
Assessing potential investments
When assessing a potential investment,
we take a long-term ownership and
Being long-term oriented, means having
an approach that addresses all material
risks and focusses on protecting and
enhancing value, minimize risks and
seeking long-term returns.
During the due diligence process,
we assess how the company that
KIRKBI considers to invest in manages its
corporate responsibility – in particular with
focus on the three Promises.
In KIRKBI, we do this because we firmly
believe that taking account of how a
company manages its environmental
and people aspects of its business as well
as corporate governance contribute to
good risk management, better-informed
investment decisions and thereby higher
value creation in the long term.
As a responsible long-term oriented
owner and investor, we regularly monitor
and track financial data as well as
key performance indicators on material
sustainability-related risks on each
Moreover, to underpin the long-term
orientation, we engage actively with the
companies and investment partners.
KIRKBI seeks to contribute positively to
the strategic direction and creation of
sustainable growth with each of the
companies and investment partners for
the long term.
This includes actively supporting the
pursuit of new business opportunities and
mitigation of material risks within the focus
areas of our Promises.
PROCESSES FOR PEOPLE DEVELOPMENT
KIRKBI consists of specialised and
experienced professionals in such
diverse fields as investment and treasury
management, board assignments, real
estate investments and operations,
business administration and controlling,
legal advisory, communication and HR.
As part of KIRKBI’s People Promise, we
are determined to support our people’s
ongoing development of competencies
and performance, and ensuring
continued development of leadership
capabilities for our leaders.
In KIRKBI, we do this to enable execution
of the business strategy and to build the
long-term health of the company - we
believe that it is our people, our determination
to succeed together as well as our
ability to live the KIRKBI Fundamentals that
make the difference.
Enabling and maintaining competencies
KIRKBI has created a Human Resource
Annual Cycle with the aim of enabling
and maintaining our people’s competencies
through a continuous focus on