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Having a greater purpose to our daily job is critical for a company to thrive and develop. To me, Schibsted is more than its content. It goes beyond our services and operations. Our journalism and marketplaces are important cornerstones for building a sustainable and democratic society.

Due to our size and market presence in 22 countries, our services and operations have an important societal impact. As a provider of journalism, marketplaces and as an employer we need to act in a responsible and sustainable manner. Our sustainability strategy is to ensure that we consider and manage the environmental and societal impacts in all our business decisions and through our services empower people to make economic and sustainable choices.

Our ambition is high and we are determined to be a responsible and sustainable multinational company. As a participant member of the UN Global Compact we are highly committed to the ten principles of the UN Global Compact and support the UN Global Goals, particularly goal 5: Gender Equality and goal 12: Ensure sustainable consumption and production patterns.

With our sustainability report and our sustainability strategy, we support goal 12 and its target “Encourage companies, especially large and transnational companies, to adopt sustainable practices and to integrate sustainability information into their reporting cycle”. By increasing the awareness of environmental benefits of second hand trade and continuing our project Second Hand Effect we also show our support for the target “By 2030, substantially reduce waste generation through prevention, reduction, recycling and reuse”. As an effort to achieve goal 5 and its targets ”End all forms of discrimination against all women and girls everywhere” and ”Ensure women’s full and effective participation and equal opportunities for leadership at all levels of decision-making in political, economic and public life” we have set long-term and short-term goals for both group functions and the divisions in order to improve gender equality.

In addition to our efforts on gender equality and sustainable consumption, I am proud of the launch of the annual forum The Power of Journalism, as well as our great efforts in the area of transparency, safety and integrity for our users.

In 2018 we will focus on initiatives that implement our sustainability strategy in our new organization model, our focus will be:

• Implement and define the sustainability strategy, common values and processes for our new organization.

• Mandatory e-learning for all our employees regarding our Code of Conduct.

• Map high risk areas and suppliers with regards to sustainability throughout our global supply chain.

• Establish a new digital platform for HR support and insights.

• Monitor our long-term and short-term goals to improve gender equality

• Improve our reporting process according to GRI Standards.

With these words, I want to be clear about the direction we are heading when it comes to conducting sustainable business. Sustainable business is not an option, it is a must and a great opportunity. Due to rapid growth recent years and a new organization model we still have work to do in several areas to become a leading company when it comes to sustainability performance and reporting.

I am confident that Schibsted has the prerequisites and opportunity to make a difference thanks to our embedded values and our business models supporting sustainable and democratic societies.

Rolv Erik Ryssdal
CEO Schibsted Media Group