Case study: How Traxión creates economic value for its stakeholders
Traxión is the leading company in mobility and logistics in Mexico, offering the broadest portfolio of integrated solutions in the industry. Based on its operational and financial management, Traxión’s goal is to create value for its stakeholders. Tweet This! This is reflected in the way in which Traxión distributes its economic value generated in several item lines such as employee remuneration, investments in the community, taxes, and the generation of opportunities in its supply chain.
This case study is based on the 2021 Integrated Report by Traxión, 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.
Being the leader in mobility and logistics and creating sustainable, long-term value for all its stakeholders is a top priority for Traxión. In order to create economic value for its stakeholders Traxión took action to:
- create economic value for employees
- create economic value for suppliers of capital
- create economic value for the government
- create economic value for communities
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With this case study you will see:
- Which are the most important impacts (material issues) Traxión has identified;
- How Traxión up proceeded with stakeholder engagement, and
- What actions were taken by Traxión to create economic value for its stakeholders
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What are the material issues the company has identified?
In its 2021 Integrated Report Traxión identified a range of material issues, such as ethics and transparency, innovation and technology, training and development, legal/regulatory compliance. Among these, creating economic value for its stakeholders stands out as a key material issue for Traxión.
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 s 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 Traxión engages with:
| Stakeholder Group | Method of engagement |
| Employees
| · Integrated report · Work environment surveys · Email/website · Training and workshops · Reporting line |
| Customers
| · Meetings · Email/website · Service survey · Integrated report · Reporting line |
| Shareholders and Investors
| · Meetings · Integrated report/quarterly reports · Website (investors + sustainability) · Email/Questionnaires ESG (CSA, CDP, etc.) |
| Suppliers
| · Meetings · Training and workshops · Integrated report · Email/website · Reporting line |
| Authorities and regulators
| · Meetings · Integrated report · Email/website · Reporting line |
How stakeholder engagement was made to identify material issues
To identify and prioritise material topics Traxión engaged with its stakeholders through an online survey.
What actions were taken by Traxión to create economic value for its stakeholders?
In its 2021 Integrated Report Traxión reports that it took the following actions for creating economic value for its stakeholders:
- Creating economic value for employees
- In 2021, Traxión paid MXN 3,894,948 thousand for employee salaries and benefits.
- Creating economic value for suppliers of capital
- In 2021, Traxión paid MXN 576,300 thousand to suppliers of capital.
- Creating economic value for the government
- In 2021, Traxión paid MXN 300,035 thousand in taxes.
- Creating economic value for communities
- In 2021, Traxión spent MXN 5,921 thousand in community investment.
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 Traxión, 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:
http://www.traxion.global/assets/assets/II21_ENG.pdf
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