Governance

The Board of Directors underwent changes in 2025, as two female members were appointed to the Board. As of 2025, the Board consists of six individuals, two of whom are female corresponding to 33.3%

All our buyers must attend a training course covering the concept of responsible procurement including Code of Conduct, due diligence, human rights, ILO guiding principles and responsible buying practices. We classify the training as mandatory, but as this course requires physical attendance, we are challenged with business schedules and employee turnover to reach our 80% target.

Taxes and duties collected include VAT, income tax withheld from employees’ wages and excise duties. The VAT amount included is calculated as the net VAT payment, i.e. VAT on sales less VAT payable. Collected excise duties in Denmark (for example on chocolate and alcohol etc.) are only included for imported goods, as excise duties on locally produced products are paid to the authorities by the manufacturers. Our direct taxes comprise corporate taxes, energy taxes, environmental taxes and property taxes. Most of the taxes and duties paid fall under corporate tax.