Responsibility

Society and economy – Value for stakeholders
We operate as part of society. We create financial wellbeing by investing in growth and by paying taxes and dividends, among other means. Our production facilities are located in Finland, and we are a significant employer. As a growth company, our goal is to offer our shareholders a stable and profitable investment.

Jobs and local wellbeing
We are part of the Finnish food production chain and contribute to the self-sufficiency of Finnish food production. Our Group’s production facilities are located in Pyhäntä, Kokkola, Jokioinen and Kuopio. We contribute to the local economy as a significant employer, taxpayer and investor. Through our operations, we support the local communities of our production facilities. In addition to our own personnel, we create jobs indirectly by sourcing raw materials, products and services from other companies, for example.

Financial targets (Updated 16 May 2024)

• The Group’s annual revenue growth is approximately 20 %. The revenue target by the end of the strategic period, i.e., by 2028, is at least EUR 100 million.
• The operating profit margin at the end of the strategic period in 2028 will exceed 10 %. Profitability is expected to gradually improve from the current level towards the target.
• The group’s return on invested capital is above 10 %.
• The interest-bearing debts to ebitda are under 3.
• The company strives to distribute at least 35% of its earnings as dividends to shareholders

Products and services – Delicious and local

For us, product responsibility means domestic origin, high-quality and traceable raw materials, and quality-certified production in our facilities. We want to provide high-quality customer service and invest in the continuous improvement of customer experience. Product safety and high product quality are the cornerstones of our operations and based on controlled processes and high-quality raw materials. 

We want to be a responsible link in the food supply chain

We favour domestic raw materials due to shorter transport distances and for food safety reasons. Up to about 80% of the raw materials we use is domestically sourced. We strive to keep our supply chains as short as possible. As a rule, raw materials we import from abroad are those which are not available in Finland.

Fodelia’s production facilities have the following certifications

• Feelia, Pyhäntä: FSSC 22000 certification, ISO14001 Environmental management system certificate
• Feelia, Kokkola: ISO 22000 certification
• Real Snacks, Pyhäntä: BRCGS certification, ISO14001 Environmental management system certificate
• Pita Factory, Jokioinen: BRCGS certification, ISO14001 Environmental management system certificate

Goals:

• 100% quality certified production
• Zero recalls
• High degree of domestic origin
• Focus on the development of plant-based products

People – A responsible employer and partner

Competent and professional personnel are our company’s most valuable resource. Fodelia’s goal is to be an attractive and trusted employer. We support our employees’ job satisfaction, wellbeing and professional development. We invest in a healthy and safe working environment and offer employees sports and exercise benefits and health and wellness services by our partners. In 2022, we employed 134 people.

Fodelia has an ongoing employee share savings scheme, through which we offer the Group’s permanent employees the opportunity to invest in the company’s shares. We also have a performance-based pay system for the Group’s employees.

Goals

• Zero accidents at work
• Sickness absences below industry average
• 100% of personnel covered by performance reviews
• We support sports and culture at €150/year/employee
• We track employee satisfaction with an electronic tool

Environment – Production that cares for the environment

We want to do our part to reduce the environmental impact of food production, distribution and consumption. In 2022, we calculated the carbon footprints of our Group’s products and set a target to achieve net zero emissions by 2035 in our own operations and supply chains. We are seeking the ISO 14001 environmental management certification for all our units.

Our sustainable food production relies on Finnish primary production

Finnish primary production is safe and environmentally sustainable. Choosing Finnish raw materials is a decision that we make based on our values. The best raw materials also guarantee high-quality products and ensure traceability.

We have identified the environmental aspects of our operations and constantly strive to improve them. The lifecycle assessment of a food product includes identifying environmental emissions throughout the product’s lifecycle, from farm to fork and ultimate disposal. The supply chain of domestic raw materials is short, which reduces the climate load of transport and guarantees flexible deliveries of materials according to need.

We aim for net zero emissions

Our work towards net zero emissions is progressing in cooperation with various stakeholders. The focus is on identifying product-specific lifecycle impacts and minimising negative effects. We prevent and limit the amount of our wastewater produced in our operations. Water consumption at our production units is typically affected by the industry’s high level of hygiene, allergen control and the use of water both in food products themselves and in processes such as washing or cooking. Waste management at our production facilities is organised in accordance with local waste management regulations to improve recycling rate.

Goals:

• Calculating carbon footprint at the product level
• Reducing water and energy consumption
• Reducing the use of packaging materials, identifying more sustainable packaging solutions
• Logistics optimisation, route planning
• Reducing waste and loss