Case study: How Logrand Entertainment Group creates economic value for its stakeholders
Logrand Entertainment Group is a Mexican company engaged in the offering of services of the entertainment industry since 2005. As an organisation, Logrand Entertainment Group is committed to safeguarding the well-being of its environment and the concerns of its stakeholders, generating sustainable value for all.
This case study is based on the 2021 Sustainability Report by Logrand Entertainment Group, 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.
Logrand Entertainment Group seeks, through its operations, to create long-term value for its suppliers, employees, and all other stakeholders. Tweet This! In order to create economic value for its stakeholders Logrand Entertainment Group took action to:
- create economic value for employees
- create economic value for suppliers
- create economic value for the government
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With this case study you will see:
- Which are the most important impacts (material issues) Logrand Entertainment Group has identified;
- How Logrand Entertainment Group proceeded with stakeholder engagement, and
- What actions were taken by Logrand Entertainment Group to create economic value for its stakeholders
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What are the material issues the company has identified?
In its 2021 Sustainability Report Logrand Entertainment Group identified a range of material issues, such as labour health and safety, water consumption, customer health, diversity and equality, energy consumption. Among these, creating economic value for its stakeholders stands out as a key material issue for Logrand Entertainment Group.
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 Logrand Entertainment Group engages with:
| Stakeholder Group | Method of engagement |
| Customers
| · Call centre · Chat · Satisfaction Survey · Materiality Study Surveys · Sustainability Reports · Face-to-face interaction · Information Kiosks · Social Media · Website · SMS message |
| Collaborators
| · Logrand · Satisfaction Survey · Materiality Study Surveys · Focus Groups, Panel discussions · Sustainability Reports · Face-to-face interaction · Intranet · Hotlines · Mentoring · Information Kiosks · Website |
| Potential Collaborators
| · E-mail · Materiality Study Surveys · Job Fairs · Sustainability Reports · Face-to-face interaction · Job Search Portal · Social Media · Website |
| Suppliers
| · E-mail · Satisfaction Survey · Materiality Study Surveys · Sustainability Reports · Face-to-face interaction · Hotlines · Suppliers Portal · Social Media |
| Neighbours
| · Materiality Study Surveys · Sustainability Reports · Face-to-face interaction |
| Chambers and Regulatory Organisations | · E-mail · Materiality Study Surveys · Focus Groups, Panel discussions · Sustainability Reports · Face-to-face interaction |
| Government | · E-mail · Materiality Study Surveys · Focus Groups, Panel discussions · Sustainability Reports · Face-to-face interaction · SMS message |
| NGOs | · E-mail · Materiality Study Surveys · Focus Groups, Panel discussions · Sustainability Reports · Face-to-face interaction · SMS message |
| Board | · E-mail · Materiality Study Surveys · Focus Groups, Panel discussions · Sustainability Reports · Face-to-face interaction |
How stakeholder engagement was made to identify material issues
To identify and prioritise material topics Logrand Entertainment Group engaged with its stakeholders through surveys.
What actions were taken by Logrand Entertainment Group to create economic value for its stakeholders?
In its 2021 Sustainability Report Logrand Entertainment Group reports that it took the following actions for creating economic value for its stakeholders:
- Creating economic value for employees
- In 2021, Logrand Entertainment Group paid 6 million Mexican pesos for employee wages and benefits.
- Creating economic value for suppliers
- In 2021, Logrand Entertainment Group spent 1,168.6 million Mexican pesos for payments of suppliers and operational costs.
- Creating economic value for the government
- In 2021, Logrand Entertainment Group paid 739.9 million Mexican pesos in taxes.
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 Logrand Entertainment Group, 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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