Stena as an owner
Stena as an owner
INDEPENDENT BUSINESSES WITH A SHARED FRAMEWORK
Stena adheres to the principle of delegated business responsibility, with decisions taken close to the business.
By balancing independent businesses with a shared Group framework we create a successful dynamic which strengthens Stena.
Our vision to “Always be the customer’s first choice and quality- assured partner” requires us to safeguard the company’s and the world’s resources. We contribute to this vision by participating in value-creating activities – often together with our customers.
By maintaining good contact with our customers and the world around us we nurture our growing trust. By doing this we create more and better business – and more satisfied customers.
- By using our expertise, we will make money from our business areas: shipping, ferry lines, offshore, real estate and finance. We will also continue to create new business areas for the future.
- We will take care of our most important long-term assets, our customers, in such a way that we contribute to their – and society’s – positive development.
- Never wasting our own or the world’s resources is a Stena trademark.
Stena AB is an active, responsible owner with access to the expertise necessary to create good development in values over time. Within Stena AB’s organisation, through our own experience and partnerships, this expertise is gathered within business development, financing, reporting, HR, communication and procurement. Stena AB organises and encourages contact and collaboration between companies, in order to enhance the benefits of being part of a large Group.
WHITE BOOK WITH SHARED VALUES
Each business is responsible for its own profitability, but there are also a number of common denominators for conduct within the Group. In the White Book the principles, beliefs and fundamental values applying to all companies in the Stena AB Group are to be found. Besides Stena’s vision, mission and business idea, this sets out shared success factors and describes the Group’s values. The ninth edition of the White Book was published in 2019.
Each business is based on a clear business idea. The strategy to achieve the goal is based on delegated responsibility. Business knowledge is found in the companies, which is also where decisions are taken. The individual responsibility of each employee is clearly defined: Each employee must be able to understand, respect and communicate their company’s business idea, success factors and values.
While emphasising the importance of the independence and active business responsibility of the business areas, the work in each business area must adhere to adopted systems and processes, so that Stena can guarantee good performance throughout the Group.
COOPERATION FOR SUSTAINABILITY
Sustainability work at Stena is managed according to the shared Group SuStenability process. Cooperation and learning are critical factors in the work to increase sustainability. All business areas have a sustainability coordinator, but the work is managed via the central sustainability department, which is responsible for holding the reins for all the work that takes place in the business areas, and reporting on the development to the audit committee which is a committee under Stena AB’s Board of Directors twice a year.