T akin g responsibilit y as an emplo y er s t arts with the v er y basic s Securit as does not emplo y or accept an y form of child labor or forced or bonded labor and w e respect the rig ht of all emplo y ees to choose whether or not to be represented b y a tr ade union and to form and join tr ade unions Securit as is also an equalopportunit y emplo y er and does not toler ate an y form of har assment bullyin g or abuse Our emplo y ees are our mos t import ant resource and w e promote relationships based on mutual respect and dignit y Securin g the basic rig hts of the emplo y ees is fundament al Securit as has for a lon g time been a drivin g force in r aisin g the s t andar ds and le v el of professionalism in the securit y indus tr y impro vin g the s t atus of the securit y ofcer profession as w ell as w a g e le v els Impro v ed s t atus mak es it easier to recruit and ret ain qualifed emplo y ees with e xperience There are numerous opportunities for career adv ancement at Securit as for e xample b y specializin g in a particular discipline at local re g ional or national le v el There are se v er al tr ainin g pro gr ams in place In man y countries there are specializ ed tr ainin g progr ams g eared to w ar ds specifc cus tomer se gments such as a viation ret ail and gated communities In se v er al countries Securit as run local tr ainin g center s On a senior mana g ement le v el Securit as has ofered a one y ear tr ainin g progr am for man y y ear s This progr am has been designed for sharin g bes t pr actices and refnin g our oper ations In addition to our social responsibilit y as an emplo y er w e w ork with social projects in some re g ions where w e see a pressin g need of s tren g thenin g the local commu nit y F or further information see pa g es 2430 F or information re gar din g the a v er a g e number of y early emplo y ees the dis tribution bet w een w omen and men and the tot al s t af cos ts refer to note 12 R esearch and de v elopment Securit as is a ser vice compan y and does not carr y out an y research activities as defned in IAS 38 Int an g ible assets The ser vice oferin g of the Group is continuously bein g de v eloped not leas t as an inte gr ated item when carr yin g out the ser vice deliv er y to the cus tomer s T echnical solutions are an import ant part of the inte gr ated securit y solutions that Securit as ofer s In 2012 Securit as in v es ted in a g lobal competence center in M almo S w eden within the R emote V ideo Solutions area with the aim of de v elopin g solutions and supportin g the countr y or ganizations As of December 31 2012 the Group had no capit aliz ed research e xpenditures En vironment En vironment ally our mos t import ant responsibilit y is to minimiz e t ra n s p o r t a tion emissions W e also purchase products thereb y creat i n g a n e n v i r o n m e n t a l impact One lar g e cate g or y of products w e purchase is securit y uniforms On the whole Securit as is a ser vice compan y with relativ ely lo w en vironment al impact compared with a manufacturin g compan y The oper ations of the Group do not require a permit under the S w edish En vironment al Code Securit as Group Emissions Polic y sets emission limits for new compan y car s aimed to tr ansport maximum fv e people and new miniv ans aimed for six or se v en people respectiv ely The limits are reduced on a y early basis and from December 1 2012 the limits are 150 and 200 gr am C O 2 per kilometer for new com pan y car s and miniv ans respectiv ely T rucks buses and specialis t v ehicles are not defned as compan y car s or miniv ans The en vi ronment al t ar g et is set to decrease e xhaus t emissions y ear b y y ear On an a v er a g e the more than 12 000 compan y car s and miniv ans that Securit as o wns or leases w orldwide emit ted appro ximately 155 C O 2 gr am per kilometer 162 in 2012 Information re gar din g the Securit as share Information about the Securit as share re gar din g the number of shares of S e r i e s A a n d Series B diferences bet w een shares in Series A and Series B as w ell as information on ma jor sharehold er s can be found in note 29 f urther i n f o r m a t i o n r e g a r d i n g t h e Securit as share can also be found on pa g es 134135 In or der to be able to contribute to shareholder v alue the Boar d consider s it benefcial for the compan y to be able to adjus t the compan y s capit al s tructure as appropriate at each point in time The Boar d has therefore decided to propose to the Annual G ener al M eetin g on M a y 7 2013 that the Boar d be authoriz ed to be able to resolv e on the acquisition of the compan y s shares for a period until the ne xt Annual G ener al M eetin g up to a maxi mum of ten 10 percent of the issued shares in the compan y F or this purpose the Boar d intends to propose that an y shares that ha v e been repurchased as per such an authorization be can celled There are currently no authorizations b y the pre vious Annual G ener al M eetin g held on M a y 7 2012 to the Boar d of Director s to issue new shares or to repurchase an y Securit as shares A shareholder s a greement that amon g other items comprises preemption rig hts for the sale of Series A shares b y an y part e xis ts amon g Gus t af Doug las M elk er Schorlin g and companies closely related to them Apart from this the Boar d of Director s of Securit as AB is not a w are of an y shareholder s a greements or other arr an g ements bet w een shareholder s of Securit as AB Group de v elopment The Group will durin g 2013 focus on inte gr ated securit y solutions Our recipe for success in v olv es de v elopin g optimal cos t efectiv e securit y solutions that inte gr ate all of our areas of competence and result in impro v ed mar g ins optimal solutions for the cus tomer s and s tron g er more lon g term cus tomer relationships The k e y is fndin g the rig ht balance bet w een oper ations done b y securit y ofcer s on site and oper ations done b y specially tr ained securit y ofcer s from a monitorin g center and to what e xtent securit y ofcer s or technolog ical solutions should be used Securit as plan is to mo v e up the v alue chain from tr aditional guar din g to com plete securit y solutions The sales of technology and securit y solutions represented appro ximately 6 percent of Group tot al sales in 2012 W e ha v e set a t ar g et to triple this share of sales which w e consider achie v able b y the end of 2015 65 Securit as Annual R eport 2012 Annual R eport R eport of the Boar d of Director s