Case study: How EcoRodovias creates economic value for its stakeholders
With more than two decades of experience and business in regions that are strategic to the Brazilian economy, EcoRodovias is a business group operating in the infrastructure and logistics industry, focusing on the highway concessions sector. Creating value for all its stakeholders through the management of highway assets in a sustainable, synergetic, ethical and innovative manner is a top priority for EcoRodovias. Tweet This!
This case study is based on the 2020 Integrated Report by EcoRodovias, prepared in accordance with the GRI Standards, that can be found at this link. Through all case studies we aim to demonstrate what CSR/ ESG/ sustainability reporting done responsibly means. Essentially, it means: a) identifying a company’s most important impacts on the environment, economy and society, and b) measuring, managing and changing.
EcoRodovias has long-term planning designed to strengthen its leadership in the market, guaranteeing the sustainable generation of results, along with the creation of value for its stakeholders. In order to create economic value for its stakeholders EcoRodovias took action to:
- create economic value for employees
- create economic value for the government
- create economic value for third parties
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With this case study you will see:
- Which are the most important impacts (material issues) EcoRodovias has identified;
- How EcoRodovias proceeded with stakeholder engagement, and
- What actions were taken by EcoRodovias to create economic value for its stakeholders
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What are the material issues the company has identified?
In its 2020 Integrated Report EcoRodovias identified a range of material issues, such as ethics, integrity and anti-corruption, operational excellence, climate change, highway safety, user satisfaction. Among these, creating economic value for its stakeholders stands out as a key material issue for EcoRodovias.
Stakeholder engagement in accordance with the GRI Standards
The Global Reporting Initiative (GRI) defines the Principle of Stakeholder Inclusiveness when identifying material issues (or a company’s most important impacts) as follows:
Stakeholders must be consulted in the process of identifying a company’s most important impacts and their reasonable expectations and interests must be taken into account. This is an important cornerstone for CSR / sustainability reporting done responsibly.
Key stakeholder groups EcoRodovias engages with:
| Stakeholder Group |
| Shareholders |
| Government |
| Employees |
| Users |
| Communities |
| Business partners |
How stakeholder engagement was made to identify material issues
To identify and prioritise material topics EcoRodovias engaged with its stakeholders through an online study involving 261 employees, 86 members of the community, 42 suppliers, 25 regulators and 26 members of the public sector. Three representatives of regulatory bodies were also interviewed, along with 24 investors and six of the company’s executives and members of senior management. In addition to these, 604 users were consulted.
What actions were taken by EcoRodovias to create economic value for its stakeholders?
In its 2020 Integrated Report EcoRodovias reports that it took the following actions for creating economic value for its stakeholders:
- Creating economic value for employees
- In 2020, EcoRodovias paid R$ 376,745 (in R$ thousands) for its personnel.
- Creating economic value for the government
- In 2020, EcoRodovias paid R$ 852,938 (in R$ thousands) in taxes, charges and contributions.
- Creating economic value for third parties
- In 2020, EcoRodovias paid R$ 863,201 (in R$ thousands) for remuneration of third-party capital.
Which GRI Standards and corresponding Sustainable Development Goals (SDGs) have been addressed?
The GRI Standard addressed in this case is: Disclosure 201-1 Direct economic value generated and distributed
Disclosure 201-1 Direct economic value generated and distributed corresponds to:
- Sustainable Development Goal (SDG) 8: Decent Work and Economic Growth
- Targets: 8.1, 8.2
- Sustainable Development Goal (SDG) 9: Industry, Innovation and Infrastructure
- Targets: 9.1, 9.4, 9.5
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References:
This case study is based on published information by EcoRodovias, located at the link below. For the sake of readability, we did not use brackets or ellipses. However, we made sure that the extra or missing words did not change the report’s meaning. If you would like to quote these written sources from the original please revert to the following link:
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