Marel promotes good business practices in its value chain through transparency, innovation and collaboration with all its partners.
Long term profitability and fair trade are key aspects of how Marel wants to do business.
Continuous steps are taken to make sure Marel, its partners, customers and suppliers are compliant with international laws, anti-bribery and compliance laws as well as contributing fairly towards the societies they operate in.
Marel operates a network of sales and service units in more than 30 countries all over the world. Main innovation hubs are in The Netherlands, Iceland, Denmark, US and UK. Marel has production in those countries as well as manufacturing and assembly sites in Slovakia, China and Brazil.
The economic value generated by the company’s operations during 2016 amounted to €970.3 million, consisting of sales, finance income and gain on sale of assets. Further, Marel directly employed 4,599 full time employees on average in 2016. Salaries paid during the year, excluding related expenses, amounted to €284.4 million or 29.3% of the economic value generated.
Taxes borne in 2016 amounted to €52.2 million or 5.4% of the economic value generated. Employment taxes represent approximately half of the taxes borne during the period and about a third are corporate income taxes. In addition to taxes borne, Marel collects and pays various taxes and duties on behalf of governments. Total taxes and duties collected in 2016 amounted to EUR 72.7 million.
In 2016, the total tax footprint amounted to EUR 124.9 million which is presented in the image on the right, specified by categories.
Innovation is the creation and delivery of new customer value in the marketplace. Innovation at Marel is driven by constant collaboration between employees and customers and their desire to improve processing and solve challenges with a new approach.
Marel invested over €63 million in creating and delivering new value for its customers through innovation in 2016, with over 25 new or upgraded products launched. Marel’s innovation efforts focus on creating breakthrough innovations designed to meet the challenges facing customers. The company also focuses on creating product upgrades and incremental additions to existing machines and systems to make sure its equipment stays competitive.
Marel’s reputation is critical to the company’s success. Thus, compliance with global anti-bribery and anti-corruption laws is taken very seriously. The anti-bribery and anti-corruption policy was adopted in January 2017 to reinforce that commitment. It applies to Marel’s employees, officers and directors as well as any contractors, consultants, agents and other business partners that are engaged in business on behalf of the company.
As a global company, Marel is subject to the anti-bribery and anti-corruption laws of all countries in which it operates around the world. For further information about anti-bribery and anti-corruption matters see Marel’s code of conduct here.