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 equal-opportunit 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 24–30. 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 134–135. 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