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Decent working conditions and economic growth

SDG 8 is twofold for us as it concerns us both as a buyer of goods and services and as an employer.

Orchid with woman in the background
SDG 8 involves working towards inclusive and sustainable long-term economic growth, full and productive employment, and decent working conditions for all. For SKAGEN, this means, among other things, that we only buy Fairtrade flowers and coffee at our head office. Photo: Bloomberg

SKAGEN has long worked to be an attractive workplace. We measure employee engagement and satisfaction every month and implement measures based on this.

SKAGEN carefully follows all applicable laws and regulations. We support employees' right to organise. Over the years, we have taken extra steps to ensure a stable and motivated workforce, including flexible working hours, to guarantee a good work-life balance. Our strategy also includes strengthening ongoing professional development for all employees. It also includes employees who want to move within the organisation via our internal labour market.

SKAGEN has a responsibility to ensure that our practice is sustainable. In the future, we will increase our efforts to ensure that the products we buy do not harm the environment, contribute to unfair working conditions, or violate human rights.

Important measures include:

  • Compulsory training in ethics, AML, GDPR and anti-corruption
  • Monthly employee satisfaction surveys
  • Fairtrade-certified flowers and coffee only
  • Increased focus on balance between work and leisure

 

Historical returns are no guarantee for future returns. Future returns will depend, inter alia, on market developments, the fund manager’s skills, the fund’s risk profile and management fees. The return may become negative as a result of negative price developments. There is risk associated with investing in funds due to market movements, currency developments, interest rate levels, economic, sector and company-specific conditions. The funds are denominated in NOK. Returns may increase or decrease as a result of currency fluctuations. Prior to making a subscription, we encourage you to read the fund's prospectus and key investor information document which contain further details about the fund's characteristics and costs. The information can be found on www.skagenfunds.com. Storebrand Asset Management administers the SKAGEN funds which are by agreement managed by SKAGEN's portfolio managers.

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