Volvo 2015 Annual Report Download - page 66

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Creating shared value is about moving both our
business and society forward. It involves every-
day business practices, such as financial man-
agement, but also strategic initiatives on a
more longer term, including societal engage-
ment activities. We create economic value for
our company and shareholders by delivering transport and infra-
structure solutions that contribute to our customers’ success.
Wecreate value for suppliers through the purchase of goods and
services. We support our customers’ value creation through
efficient products and world-class services.
Our trucks, buses, engines, construction equipments and ser-
vices literally keep society moving every day, with essential food
distribution, public transport, infrastructure and power supplies.
Our support services keep thousands of customers on the road,
contributing to productivity and growth. And our marine engines
power commercial transport and leisure activities on water.
We remain competitive, sustainable and profitable by investing
in talent and our employees’ professional development.
We contribute to society through taxes and social security pay-
ments. We create added value for society by aligning our CSR
programs with our business resources and opportunities.
Stakeholder engagement
The Volvo Group has identified key stakeholder groups right along
our value chain – from suppliers to customers and society.
CREATING SHARED
VALUE
Creating shared value with our stakeholders and society plays an important part in
the continued success of the Volvo Group. Engaging with stakeholders enables us
to better understand and meet their expectations.
We engage through our daily work and processes, as well as
dedicated stakeholder platforms. We also arrange strategic events
and initiatives, such as the Volvo Group Sustainability Forum, that
bring together stakeholders from different groups.
We also invite stakeholders to participate in our materiality
process, see the GRI supplement for full details of our stake-
holder engagement, available mid-March 2016 at volvogroup.
com/responsibility.
Customers
In 2015, we delivered 207,475 trucks from our wholly-owned
truck operations and 8,825 buses, 44,718 units of construction
SUSTAINABLE
TRANSPORT
SHARED VALUE
RESPONSIBLE BEHAVIOR
SHARED VALUE
ENGAGING
WITH STAKE-
HOLDERS
The Volvo Group understands
the importance of having an
open dialogue with stake-
holders to create shared value
and deliver on our targets.
VALUE BY STAKEHOLDER GROUP, SEK M 2015 2014
To suppliers – Purchases of goods and services 210,598 199,484
To employees – Salaries and remuneration140,458 37,533
To society – Social costs18,995 8,118
To society – Pension costs14,340 4,133
To society –Incometaxes paid 3,110 3,304
To creditors – Interestpaid 1,683 1,846
To theVolvo Group– Investments in tangible assets 6,561 7,093
To shareholders – Dividend 6,09326,090
1 For further information, please see note 27 to the consolidated financial statements.
2 According to the Board’s proposal.
A GLOBAL GROUP BUSINESS MODEL
SHARED VALUE
64