Case study: How Grupo Rotoplas creates economic value for its stakeholders
Grupo Rotoplas is a company passionate about the care and responsible use of water, which offers products and services for storage, conduction, purification and treatment of water. Providing more and better water is not only Grupo Rotoplas’ purpose, it is also a solid business vision that allows Grupo Rotoplas to continue generating value in each and every way for all of its stakeholders.
This case study is based on the 2020 Annual Integrated Report by Grupo Rotoplas, 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.
Grupo Rotoplas creates and shares value with all its stakeholders, aligned with its values and adhering to the Rotoplas Way. Tweet This! In order to create economic value for its stakeholders Grupo Rotoplas took action to:
- create economic value for employees
- create economic value for capital suppliers and lenders
- create economic value for the government
- create economic value for the community
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With this case study you will see:
- Which are the most important impacts (material issues) Grupo Rotoplas has identified;
- How Grupo Rotoplas proceeded with stakeholder engagement, and
- What actions were taken by Grupo Rotoplas to create economic value for its stakeholders
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What are the material issues the company has identified?
In its 2020 Annual Integrated Report Grupo Rotoplas identified a range of material issues, such as quality and safety of water solutions, health, safety and well-being of employees, climate change risks and opportunities, access to water and sanitation. Among these, creating economic value for its stakeholders stands out as a key material issue for Grupo Rotoplas.
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 Grupo Rotoplas engages with:
| Stakeholder Group |
| Employees |
| Customers |
| Suppliers |
| Financial community |
| Authorities and regulatory bodies |
| Board of Directors and its internal bodies |
| Community |
How stakeholder engagement was made to identify material issues
To identify and prioritise material topics Grupo Rotoplas engaged with its stakeholders through interviews.
What actions were taken by Grupo Rotoplas to create economic value for its stakeholders?
In its 2020 Annual Integrated Report Grupo Rotoplas reports that it took the following actions for creating economic value for its stakeholders:
- Creating economic value for employees
- In 2020, Grupo Rotoplas paid 1,192 millions of Mexican pesos for employee salaries and benefits.
- Creating economic value for capital suppliers and lenders
- In 2020, Grupo Rotoplas paid 1,196 millions of Mexican pesos to capital suppliers and lenders.
- Creating economic value for the government
- In 2020, Grupo Rotoplas paid 243 millions of Mexican pesos in tax payments and contributions to the government.
- Creating economic value for the community
- In 2020, Grupo Rotoplas spent 10 millions of Mexican pesos in donations to the community.
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 Grupo Rotoplas, 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:
https://rotoplas.com/investors/rtp_resources/eng/annual-report/2020/AR_rotoplas_2020_eng.pdf
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