CARE, CURIOSITY, COLLABORATION AND COURAGE

The scrap trade is today’s collection of waste paired with environmental management, physical sorting and refining it, other recycling processing satisfying customer requirements and logistics all consolidated in “Stena Metall AB”.

Coastal shipping has been transformed into ferry line shipping, tanker shipping, and deep-water drilling consolidated in “Stena AB”.

Investments in properties have been added and is today our dominant asset, representing roughly a third of the sphere’s total activities.

Society is constantly developing and we would like to contribute with wholly or partially owned activities in addition to our former business areas.

Old or new wholly or partially owned companies/activities founded by ourselves and consolidated in Stena Metall are Stena Oil, Stena Stål, Battery Loop, HaloSep and Scandinavian Renewable Energy (windpower). For Stena AB two ferry routes have become nineteen. The number of ro-ro ships and ferries is over fifty. Two supply vessels have become seven drilling units. Two tankers have developed into a network of fifty vessels.

All these activities are confusingly numerous and of course, we wonder if it is really possible to effectively manage all these companies.

Each company has its own strategy and opportunities. Over time, we have learned that with a well-designed culture and constant collaboration, it is possible to realize most strategies. Our culture is based on collaborative independent individuals with independent responsibilities and powers. Business responsibility is clear and delegated. The information must flow freely and everyone is entitled to all information that can improve that person’s opportunities for a better work performance.

– We want the best for each other

– Also, we are mindful of saving the company’s money because we will not get any new money

But without a good portion of curiosity, our development would not have been possible. Not everyone has to be an Einstein. On the other hand, it is mainly two revolutionary ideas that have made him as unique as to render him the Noble Price twice. Personally, I try to come up with one good idea every year, which is so good that it can be trumpeted out. It is difficult. Try yourself to trumpet one good idea a year – and then we can all implement it together!

The best idea I have come up with is “the meaning of care”.

We are all continuously working on understanding and implementing it.

By being more curious, we will find and create many ideas. Through care, reflection, and courage, and thanks to our principle of delegated authority to act on business opportunities, we can all work together to successfully carry them out.

Dan Sten Olsson, CEO

Göteborg May 2023