Updated Mar 17, 2026 by Modern Times Group
Report · January 1, 2012
Published by Modern Times Group
The 2012 Modern Responsibility report positions sustainability as a central driver of long‑term growth for MTG, outlining a strategic agenda that integrates environmental, social and governance objectives across its broadcast, radio and digital operations. The company set 2012 targets that focus on benchmarking training, revising supplier policies and tightening anti‑corruption controls, while maintaining net sales of roughly SEK 13 billion and seeing operating income decline to SEK 2.1 billion. Corporate responsibility is organized around four pillars—Business, Community, Colleague, and Broadcast & Marketing—and is anchored in the UN Global Compact, OECD guidelines and local legislation. A publicly available Code of Conduct, anti‑corruption and whistle‑blower policies, and supplier principles support implementation across more than 30 broadcast markets. Content accessibility is emphasized, with 85 % of programming offered in subtitles, dubbing or voice‑over, and continuous e‑learning, including the MTG Academy’s sales and leadership programmes, is provided to staff. Environmental performance improved markedly: CO₂ emissions fell 6 % per employee, surpassing the 5 % reduction goal, and 80 % of employees completed green‑thinking training. Power‑down measures limited standby consumption to under 0.5 W, while the Carbon Disclosure Project score rose from a D‑grade to a B‑grade. Partnerships with NGOs such as London Wildlife Trust, Earth Hour and Latvia’s “Big Clean‑up” mobilised 210 000 volunteers and removed 100 t of litter, illustrating the use of MTG’s media reach to promote greener consumer behaviour. External assurance by Ethos International under AA1000AS granted a C+ rating, confirming overall confidence in the self‑reported data while noting minor data‑entry errors, incomplete site‑level reporting and a need for deeper stakeholder engagement and materiality analysis. The report therefore concludes that MTG largely met its 2012 sustainability targets, identified climate‑related risks, and instituted processes to mitigate them, reinforcing its commitment to responsible growth across a global, multi‑segment media portfolio.
LET’S START A FEW WORDS FROM OUR CEO Sustainability. In 1994, when I joined MTG, sustainability wasn’t a word you heard that often. Now, during my first year as President and CEO of MTG, it’s a fundamental part of our vocabulary and how we view the world. Sustainability is no longer on the sidelines. We may talk about growth, profitability and business development opportunities, but the success of our long term growth is fundamentally connected to sustainability, and that’s why Modern Responsibility exists. Passion. We’re big on passion at MTG. It flows from within each and every one of us, and our employees form the beating heart of our company. Our goal is to engage our employees and to create an environment where they can leverage their talent and competence to move us along. But at the same time, we also want to provide an environment where our employees can develop and flourish. In 2012 one of our short-term targets, was to benchmark and report on industry standards, to ensure we are where we need to be in terms of training and development.
ompetence to move us along. But at the same time, we also want to provide an environment where our employees can develop and flourish. In 2012 one of our short-term targets, was to benchmark and report on industry standards, to ensure we are where we need to be in terms of training and development. Listening. We pay close attention to both global industry concerns and the issues that are specific to our industry. MTG is a modern entertainment company, in an industry that is changing at a very fast pace. Established business models are evolving, and the ever growing digital environment presents both opportunities and challenges, when it comes to quality control, products and customer safety. Within that framework, the 2010 materiality analysis and subsequent stakeholder surveys help us both define and navigate on our sustainability voyage. We are convinced that Modern Responsibility is both strong enough to get us there, and flexible enough to properly deal the challenges that we will face on our journey. Learning. 2012 has also been another year of extensive learning within our Modern Responsibility work. While 2011 saw the re-working and rolling out of a new Code of Conduct. In 2012, one our targets was to re-examine our Supplier Policy and Self Check Documents. At the end of the process, we had evaluated the whole structure of our corporate policy making and how we establish guidelines for processes and work streams. This work takes time, but the results enable us to work faster, simpler and more efficiently.
our Supplier Policy and Self Check Documents. At the end of the process, we had evaluated the whole structure of our corporate policy making and how we establish guidelines for processes and work streams. This work takes time, but the results enable us to work faster, simpler and more efficiently. The future. We strive to be adaptable, but also have clear short, mid and long term targets in place for our future development, and the targets take the global environment, our industry and our stakeholder groups into consideration. We are also fully committed to contribute to a better environment and to optimize our impact on the world. We work towards making the online environment as safe as possible for young viewers, and we continue to address corruption, human and labour rights issues and climate change in our daily work in order to make MTG a long term, sustainable and positive place to work.
The work. MTG is Made To Grow, and that growth implies an ability not only to adapt to, but to embrace fundamental change, as well as the need to harness the opportunities and to minimize the risks inherent in our sustainability work. Our business has changed shape before, and will do so again, and our future work must strike the balance between doing what we do best and abandoning old truths and limitations to benefit from how the world around us has changed. We may have started out as a broadcaster, but today we are an entertainment company. Our goal is to provide our customers with the best entertainment and the best experiences we can. We’re in this for the long term, we’re in it to grow, and we will do so responsibly and sustainably, so that the MTG we see today continues to evolve and transform into the media group of the future. — Jørgen Madsen Lindemann‚ CEO and President‚ Modern Times Group SNAPSHOT 2012 KEY F|GURES FROM THE PAST F|VE YEARS 2008 2009 2010 2011 2012 Net sales (MSEK) 11,880 12,427 13,101 13,473 13,336 Operating income (MSEK) 3,671 -1,428 2,355 2,567 2,124 Basic earnings per share (SEK) 43.25 -30.86 53.34 -19.98 22.93 Average number of employees 2,644 2,906 3,069 3,031 3,012 F|NANC|AL POS|T|ON 2008 2009 2010 2011 2012 Shareholders' equity 8,980 5,680 6,239 4,350 5,134 Long-term liabilities 5,263 4,175 3,311 2,168 1,751 Short-term liabilities 4,989 4,796 4,452 4,763 4,808
K) 43.25 -30.86 53.34 -19.98 22.93 Average number of employees 2,644 2,906 3,069 3,031 3,012 F|NANC|AL POS|T|ON 2008 2009 2010 2011 2012 Shareholders' equity 8,980 5,680 6,239 4,350 5,134 Long-term liabilities 5,263 4,175 3,311 2,168 1,751 Short-term liabilities 4,989 4,796 4,452 4,763 4,808 Total shareholders' equity and liabilities 19,232 14,651 14,002 11,281 11,692
MTG HEADQUARTERS, STOCKHOLM VIASAT BROADCASTING HEADQUARTERS, LONDON COUNTRIES WITH OFFICES COUNTRIES WITH OPERATIONS BUT NO OFFICES 102 CHANNELS |N 36 COUNTR|ES ARMENIA GUINEA <sup>1</sup> POLAND AZERBAIJAN HUNGARY ROMANIA BELARUS KAZAKHSTAN RUSSIA BOSNIA AND HERTZEGOVINA KENYA SERBIA BULGARIA KYRGYZSTAN SLOVAKIA CENTRAL AFRICAN REPUBLIC <sup>1</sup> LATVIA SLOVENIA CROATIA LITHUANIA SWEDEN CZECH REPUBLIC MACEDONIA TANZANIA DENMARK MOLDOVA UGANDA ESTONIA MONTENEGRO UKRAINE FINLAND NETHERLANDS <sup>2</sup> UNITED KINGDOM <sup>2</sup> GEORGIA NIGERIA UNITED STATES GHANA NORWAY 1New in 2012 2MTG has no media channels in these countries Removed from the list: Uzbekistan‚ Spain‚ Malta
In 2013 the media group embedded sustainability within its core strategy, aligning business growth with responsible practices and earning inclusion in the Dow Jones Sustainability Europe Index and FTSE 4Good. Financially, the company generated €14.1 billion in net sales and €1.9 billion in operating profit while employing 3,361 staff and expanding into new European markets through the launch of its digital platform MTGx. Its corporate‑responsibility framework is built on four pillars—media responsibility, employees and workplace, environment and community, and business ethics—each supported by concrete actions and measurable targets. Compliance and societal impact were central to operations. A dedicated “C‑Team” ensured that broadcast and on‑demand content met EU, UK (Ofcom, ASA) and local regulations, with 85 % of programming already adapted for regional standards. The group leveraged its TV, radio and digital assets for charitable campaigns, delivering more than €4.3 million in media‑time value for Typhoon Haiyan relief, €438 k for the “Angels over Latvia” tour, €115 k for a Lithuanian zoo‑elephant project, and additional support for health, education and wildlife initiatives across Ghana, Estonia, Sweden, Bulgaria and other markets. Environmental performance improved markedly. The new London headquarters attained a BREEAM “Excellent” rating and installed roof‑mounted solar panels that now supply the majority of its electricity, producing a quantifiable reduction in CO₂ emissions. The company’s CDP climate‑change score rose to 88, reflecting stronger governance and disclosure. A materiality analysis highlighted data integrity, privacy and child‑online‑safety as top concerns, prompting new internal policies, anti‑corruption training completed by all staff, and an updated Code of Conduct with 78 % e‑learning uptake. Gender equity showed progress
The 2010 Modern Responsibility report presents Modern Times Group’s first GRI‑aligned disclosure, expanding the reporting perimeter to encompass all subsidiaries and leased assets that employ staff. It establishes a comprehensive materiality analysis, stakeholder survey, and a crisis‑support team, framing corporate responsibility as a strategic pillar that underpins responsible broadcasting across MTG’s television, radio and digital platforms. The document’s thesis is that transparent governance, measurable sustainability targets, and inclusive social initiatives can drive long‑term value for both the business and its broader stakeholder community. Governance is overseen by a seven‑member board—six independent non‑executives, five men and two women—supported by audit, remuneration and Modern Responsibility committees. The report sets concrete performance goals, including training 50 % of relevant staff on compliance by the end of 2010 and achieving full coverage by 2012, reducing per‑employee CO₂ emissions by 5 % versus the 2009 baseline by February 2012, and extending a supplier self‑check system to half of MTG’s partners. Parallel gender‑equity objectives launch a women‑in‑leadership network in Sweden and benchmark gender‑pay gaps in Scandinavia by June 2011 and globally by February 2012. Operational outcomes for 2010 demonstrate strong social and environmental stewardship. MTG achieved 100 % subtitling/closed‑captioning for Swedish output, delivered 110 hours of compliance training, recorded only 21 internal complaints and incurred no fines. Philanthropic activity leveraged media assets to donate roughly 111 million SEK of airtime and raise over €58 million for health, disaster relief and child‑health campaigns across more than 20 countries. The United for Peace football tournament engaged 130 youths from 12 nations, with 88 % reporting new friendships and a near‑universal endorsement of sport as a conflict‑resolution tool, while the Playing for Change initiative secured a Social Capitalist award and raised 160 k SEK. Environmental performance shows a 7 % rise in total greenhouse‑gas emissions to 15,032 t CO₂e, driven mainly by facility energy (5,496 t) and business travel (8,727 t), raising per‑employee emissions to 5.6 t CO₂e. In response, MTG plans greener travel options, country‑specific green‑action lists, 80 % employee training in “green thinking,” and supplier CO₂ assessments to meet the 5 % per‑employee reduction target. The report thus captures a global, multi‑segment (broadcasting, digital, philanthropy, sports) snapshot of MTG’s 2010 responsibility performance and its forward‑looking commitments through
The 2011 Modern Responsibility Report demonstrates how Modern Times Group (MTG) has integrated a comprehensive sustainability framework across its operations in 39 countries, targeting employee welfare, anti‑corruption, climate action and community engagement. By the end of 2011 the company achieved a 5 % reduction in carbon footprint per employee—equating to a 16 % total cut in emissions—and a 6 % per‑employee decline in CO₂ versus the 2009 baseline, while overall office energy use fell by the same 16 % margin. These environmental gains were accompanied by a record‑low incidence of work‑related accidents (zero) and consistently low absenteeism around one percent. MTG’s expansion strategy in 2011 combined geographic and product growth, acquiring stakes in TV Prima, Darial TV and Balkan Media Group, launching Viasat HD, History HD and Nature HD in 22 Central‑ and Eastern‑European markets, and entering four African nations (Ghana, Uganda, Tanzania, Kenya). The broadcasting arm, including Strix, continued to produce and co‑produce TV formats sold in more than 80 territories, while its gambling subsidiary Bet24 remained a marginal revenue source subject to strict responsible‑gaming controls. Stakeholder dialogue was institutionalised through a GRI‑aligned materiality analysis, enabling MTG to meet 14 of 15 short‑term sustainability targets for the year. Employee turnover averaged 18 % among 3,031 staff (mean age 34) and training participation rose, though the rollout of anti‑bribery e‑learning was deferred for policy refinement. The whistle‑blower system recorded only two operational reports, underscoring a relatively clean compliance environment. Community contributions
Modern Times Group positioned 2014 as a year of deepening corporate responsibility, linking its expanding digital portfolio to heightened standards in data‑privacy, child protection, freedom of expression and sanctions compliance. The narrative underscores a strategic shift toward embedding ethical, anti‑corruption and sustainability practices across a globally dispersed media operation. Financially, the company recorded net sales of SEK 16.7 billion, up from SEK 13.3 billion in 2012, while operating income contracted, reflecting investment in new digital initiatives. Governance was reinforced through a dedicated corporate‑responsibility advisory group, multiple board committees and local representatives, ensuring that compliance mechanisms permeated all levels of the organization. A UN‑Global Compact‑aligned system saw 787 employees endorse an anti‑bribery policy, the launch of a sanctions‑risk register and an Interpol‑backed anti‑piracy project, alongside comprehensive updates to data‑protection protocols. The workforce grew to 4,186 full‑time equivalents, achieving an 84 % appraisal completion rate and a zero‑fatality safety record, with work‑related accidents falling from ten to six. Diversity expanded to 44 nationalities and the gender‑pay gap narrowed to women earning 75