Sector: Construction Archives - SustainCase - Sustainability Magazine https://sustaincase.com/category/construction/ Insights on how you can protect the environment, maintain and increase the value of your company, through a structured CSR/Sustainability process with the use of the GRI Standards. Learn how Today's Best-Run Companies are achieving Economic, Social, and Environmental Success - and How You Can Too... Wed, 27 Nov 2024 06:56:05 +0000 en-US hourly 1 https://wordpress.org/?v=7.1.2 Case study: How GCC creates economic value for its stakeholders https://sustaincase.com/case-study-how-gcc-creates-economic-value-for-its-stakeholders/ Wed, 27 Nov 2024 06:55:23 +0000 https://sustaincase.com/?p=20008 Founded in Chihuahua, Mexico in 1941, GCC is a vertically integrated company with a global and sustainable approach operating in the United States, Mexico, and Canada, engaged in the production, marketing and distribution of gray portland cement, ready-mix concrete, aggregates, coal and construction-related services. This case study is based on the 2022 Sustainability Report by GCC, 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 […]

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]]> Founded in Chihuahua, Mexico in 1941, GCC is a vertically integrated company with a global and sustainable approach operating in the United States, Mexico, and Canada, engaged in the production, marketing and distribution of gray portland cement, ready-mix concrete, aggregates, coal and construction-related services. Long-term value creation for all its stakeholders, is a top priority for GCC.  Tweet This!

This case study is based on the 2022 Sustainability Report by GCC, 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.

Layout 1

Abstract 

GCC seeks, through its operations, to generate sustainable value for employees, providers of capital, communities, and all its stakeholders. In order to create economic value for its stakeholders GCC took action to:

  • create economic value for employees
  • create economic value for providers of capital
  • create economic value for the government
  • create economic value for communities

What are the material issues the company has identified?  

In its 2022 Sustainability Report GCC identified a range of material issues, such as climate change and GHGs, health and safety, energy management, product quality and safety. Among these, creating economic value for its stakeholders stands out as a key material issue for GCC.

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:

“The reporting organization shall identify its stakeholders, and explain how it has responded to their reasonable expectations and interests.”

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 GCC engages with:

Stakeholder Group                Method of engagement
GCC Family

 

 ·      Safety talks

·      Humand

·      Team meetings

·      Surveys

·      Negotiations

·      One-on-one meetings

·      Corporate website

·      Project assignments
Suppliers

 

 ·      Surveys

·      Negotiations

·      RFP/RFQ

·      Corporate website

·      Information requests

·      Coupa Portal

·      Suppliers Portal
Customers

 

 ·      Surveys

·      Industry associations

·      Formal market research

·      Corporate website

·      Product information

·      One-on-one engagement
Investors

 

 ·      Annual, extraordinary or one-on-one meetings

·      Telephone calls

·      Investor conferences

·      Road shows

·      Website

·      Quarterly reports and conference calls
Government Relations & NGOs

 

 ·      Presentations

·      Website

·      Meetings

·      Industry associations

·      Third party audits

·      Multi-stakeholder forums

·      Permitting processes

·      Lobbying

·      Public meetings

·      Participation in local events
Communities

 

 ·      Participation in local events

·      Site tours

·      Website

·      Public meetings

·      Citizen advisory groups (U.S.)

·      Permitting processes

·      Donations (monetary and in kind)

How stakeholder engagement was made to identify material issues

To identify and prioritise material topics GCC engaged with its stakeholders through a survey.

What actions were taken by GCC to create economic value for its stakeholders?

In its 2022 Sustainability Report GCC reports that it took the following actions for creating economic value for its stakeholders:

  • Creating economic value for employees
  • In 2022, GCC paid USD 196.2 million for employee wages and benefits.
  • Creating economic value for providers of capital
  • In 2022, GCC paid USD 37.6 million to providers of capital.
  • Creating economic value for the government
  • In 2022, GCC paid USD 26.9 million to the government.
  • Creating economic value for communities
  • In 2022, GCC spent USD 1.0 million in community investments (donations).

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:

 

78% of the world’s 250 largest companies report in accordance with the GRI Standards

SustainCase was primarily created to demonstrate, through case studies, the importance of dealing with a company’s most important impacts in a structured way, with use of the GRI Standards. To show how today’s best-run companies are achieving economic, social and environmental success – and how you can too.

Research by well-recognised institutions is clearly proving that responsible companies can look to the future with optimism.

7 GRI sustainability disclosures get you started

Any size business can start taking sustainability action

GRI, ISEP, CPD Certified Sustainability courses (2-5 days): Live Online or Classroom  (venue: London School of Economics)

  • Exclusive FBRH template to begin reporting from day one
  • Identify your most important impacts on the Environment, Economy and People
  • Formulate in group exercises your plan for action. Begin taking solid, focused, all-round sustainability action ASAP. 
  • Benchmarking methodology to set you on a path of continuous improvement

See upcoming training dates.

References:

This case study is based on published information by GCC, 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://www.gcc.com/wp-content/uploads/2023/07/GCC-Sustainability-Report-2022-MF-V2.pdf

Note to GCC: With each case study we send out an email requesting a comment on this case study. If you have not received such an email please contact us.

The post Case study: How GCC creates economic value for its stakeholders appeared first on SustainCase - Sustainability Magazine.

]]> Case study: How the Market Group creates economic value for its stakeholders https://sustaincase.com/case-study-how-market-group-creates-economic-value-for-its-stakeholders/ Fri, 15 Nov 2024 06:56:09 +0000 https://sustaincase.com/?p=19949 Headquartered in Budapest, the Market Group has grown to become one of the leading players in the Hungarian construction industry, combining professionalism, dedication and the strength of its experiences. Step by step, with persistent work, This case study is based on the 2021 Sustainability Report by the Market 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. […]

The post Case study: How the Market Group creates economic value for its stakeholders appeared first on SustainCase - Sustainability Magazine.

]]> Headquartered in Budapest, the Market Group has grown to become one of the leading players in the Hungarian construction industry, combining professionalism, dedication and the strength of its experiences. Step by step, with persistent work, the Market Group seeks to create value in the long term, not only for the Group, but also for its customers, its stakeholders and society as a whole.  Tweet This!

This case study is based on the 2021 Sustainability Report by the Market 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.

Layout 1

Abstract 

In 2021, the economic value generated by the Market Group reached HUF 367 068 million. In order to create economic value for its stakeholders the Market Group took action to:

  • create economic value for employees
  • create economic value for suppliers
  • create economic value for investors
  • create economic value for the state
  • create economic value for communities

What are the material issues the company has identified?

In its 2021 Sustainability Report the Market Group identified a range of material issues, such as responsible corporate governance, climate strategy, attracting and retaining talent, waste management. Among these, creating economic value for its stakeholders stands out as a key material issue for the Market 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:

“The reporting organization shall identify its stakeholders, and explain how it has responded to their reasonable expectations and interests.”

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 the Market Group engages with:

Stakeholder Group
Customers
Staff
Suppliers and partners
NGOs
Members of the future generation

How stakeholder engagement was made to identify material issues

To identify and prioritise material topics the Market Group engaged with its stakeholders through a survey.

What actions were taken by the Market Group to create economic value for its stakeholders?

In its 2021 Sustainability Report the Market Group reports that it took the following actions for creating economic value for its stakeholders:

  • Creating economic value for employees
  • In 2021, the Market Group paid HUF 17 939 million for employee wages and benefits.
  • Creating economic value for suppliers
  • In 2021, the Market Group paid HUF 299 792 million to suppliers.
  • Creating economic value for investors
  • In 2021, the Market Group paid HUF 6 370 million to investors.
  • Creating economic value for the state
  • In 2021, the Market Group paid HUF 4 420 million to the state.
  • Creating economic value for communities
  • In 2021, the Market Group spent HUF 1 051 million in community investments.

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:

 

78% of the world’s 250 largest companies report in accordance with the GRI Standards

SustainCase was primarily created to demonstrate, through case studies, the importance of dealing with a company’s most important impacts in a structured way, with use of the GRI Standards. To show how today’s best-run companies are achieving economic, social and environmental success – and how you can too.

Research by well-recognised institutions is clearly proving that responsible companies can look to the future with optimism.

7 GRI sustainability disclosures get you started

Any size business can start taking sustainability action

GRI, ISEP, CPD Certified Sustainability courses (2-5 days): Live Online or Classroom  (venue: London School of Economics)

  • Exclusive FBRH template to begin reporting from day one
  • Identify your most important impacts on the Environment, Economy and People
  • Formulate in group exercises your plan for action. Begin taking solid, focused, all-round sustainability action ASAP. 
  • Benchmarking methodology to set you on a path of continuous improvement

See upcoming training dates.

References:

This case study is based on published information by the Market 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:

https://www.market.hu/_projects/market/uploads/docs/71/hu/640b4aa560c9amarket-fenntarthatosagijelentes-2023env2.pdf

Note to the Market Group: With each case study we send out an email requesting a comment on this case study. If you have not received such an email please contact us.

The post Case study: How the Market Group creates economic value for its stakeholders appeared first on SustainCase - Sustainability Magazine.

]]> Case study: How Loma Negra creates economic value for its stakeholders https://sustaincase.com/case-study-how-loma-negra-creates-economic-value-for-its-stakeholders/ Fri, 25 Oct 2024 05:53:59 +0000 https://sustaincase.com/?p=19832 Since 1926 Loma Negra is Argentina’s leading company in cement production and trade, producing and commercialising a wide variety of products related to cement, lime, masonry, concrete and aggregates for masonry, concrete mixers, builders and industries. Loma Negra is firmly committed to sustainable business development, and to generating sustainable value for employees, capital providers and all its stakeholders. This case study is based on the 2021 Sustainability Report by Loma Negra, 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. […]

The post Case study: How Loma Negra creates economic value for its stakeholders appeared first on SustainCase - Sustainability Magazine.

]]> Since 1926 Loma Negra is Argentina’s leading company in cement production and trade, producing and commercialising a wide variety of products related to cement, lime, masonry, concrete and aggregates for masonry, concrete mixers, builders and industries. Loma Negra is firmly committed to sustainable business development, and to generating sustainable value for employees, capital providers and all its stakeholders.

This case study is based on the 2021 Sustainability Report by Loma Negra, 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.

Layout 1

Abstract 

Loma Negra seeks to build sustainable alliances with its stakeholders, creating long-term value for all.  Tweet This! In order to create economic value for its stakeholders Loma Negra took action to:

  • create economic value for employees
  • create economic value for capital providers
  • create economic value for the government
  • create economic value for communities

What are the material issues the company has identified?  

In its 2021 Sustainability Report Loma Negra identified a range of material issues, such as ethics & anticorruption, occupational health & safety, environmental compliance, training & development of human capital. Among these, creating economic value for its stakeholders stands out as a key material issue for Loma Negra.

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:

“The reporting organization shall identify its stakeholders, and explain how it has responded to their reasonable expectations and interests.”

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 Loma Negra engages with:

Stakeholder Group                Method of engagement
Employees

 

 ·      Email

·      Corporate WhatsApp groups

·      Digital and physical billboards

·      Dialog cycle

·      Results meetings
Clients

 

 

 ·      Website

·      Sustainability report

·      LomaNet portal

·      Meetings with commercial representatives and the WhatsApp BOT
Suppliers

 

 ·      Visits to plants

·      Website

·      Telephone line

·      Sustainability report

·      Face-to-face and/or virtual meetings with buyers
Trade unions

 

 ·      Face-to-face meetings with Human Resources Directors

·      Telephone calls

·      Hearings
Construction industry companies ·      Virtual or face-to-face meetings in associations or chambers of the sector
Chambers and associations

 

 ·      Participation of work areas

·      Board of directors (AFCP)

·      Webinars
Investors and market analysts

 

 ·      Results report

·      Email

·      Meetings and conferences
Government entities

 

 ·      Email

·      Virtual and face-to-face meetings

·      Meetings with municipal, provincial and national officials
CSOs (NGOs, Educational Institutions, Universities, Institutes and Government)

 

 ·      Community Development Council (CDC)

·      Face-to-face meetings

·      Email

·      CIVICOs and volunteers

·      Groups of foundations and chambers of the sector

·      Other companies

·      WhatsApp phone

·      Work groups

·      Agreements and specific agreements
Communities

 

 ·      Visits to plants

·      Website

·      Telephone line

·      Media networks

·      Sustainability report

·      Foundation’s management report
Communication media

 

 ·      Telephone line

·      Social networks

·      Email

·      WhatsApp

·      Face -to-face and virtual meetings

·      Interviews

·      Press conference

How stakeholder engagement was made to identify material issues

To identify and prioritise material topics Loma Negra engaged with its stakeholders through an email explaining the materiality process for preparing the report and requesting stakeholders to focus on material topics.

What actions were taken by Loma Negra to create economic value for its stakeholders?

In its 2021 Sustainability Report Loma Negra reports that it took the following actions for creating economic value for its stakeholders:

  • Creating economic value for employees
  • In 2021, Loma Negra paid ARS 8,322 million for employee salaries and benefits.
  • Creating economic value for capital providers
  • In 2021, Loma Negra paid ARS 4,331 million to capital providers.
  • Creating economic value for the government
  • In 2021, Loma Negra paid ARS 15,110 million to the government.
  • Creating economic value for communities
  • In 2021, Loma Negra spent ARS 45 million in community investments.

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:

 

78% of the world’s 250 largest companies report in accordance with the GRI Standards

SustainCase was primarily created to demonstrate, through case studies, the importance of dealing with a company’s most important impacts in a structured way, with use of the GRI Standards. To show how today’s best-run companies are achieving economic, social and environmental success – and how you can too.

Research by well-recognised institutions is clearly proving that responsible companies can look to the future with optimism.

7 GRI sustainability disclosures get you started

Any size business can start taking sustainability action

GRI, ISEP, CPD Certified Sustainability courses (2-5 days): Live Online or Classroom  (venue: London School of Economics)

  • Exclusive FBRH template to begin reporting from day one
  • Identify your most important impacts on the Environment, Economy and People
  • Formulate in group exercises your plan for action. Begin taking solid, focused, all-round sustainability action ASAP. 
  • Benchmarking methodology to set you on a path of continuous improvement

See upcoming training dates.

References:

This case study is based on published information by Loma Negra, 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://www.lomanegra.com/wp-content/uploads/2022/03/2021-Sustainability-Report-Loma-Negra.pdf

Note to Loma Negra: With each case study we send out an email requesting a comment on this case study. If you have not received such an email please contact us.

The post Case study: How Loma Negra creates economic value for its stakeholders appeared first on SustainCase - Sustainability Magazine.

]]> Case study: How Granite creates economic value for its stakeholders https://sustaincase.com/case-study-how-granite-creates-economic-value-for-its-stakeholders/ Fri, 05 Jul 2024 06:00:00 +0000 https://sustaincase.com/?p=19310 Incorporated since 1922, Granite is one of the largest diversified construction and construction materials companies in the United States, delivering infrastructure solutions for public and private clients. Granite creates value for its shareholders and all its stakeholders by satisfying society’s need for mobility, power, water, and essential services that sustain living conditions and improve quality of life. This case study is based on the 2022 Sustainability Report by Granite, 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 […]

The post Case study: How Granite creates economic value for its stakeholders appeared first on SustainCase - Sustainability Magazine.

]]> Incorporated since 1922, Granite is one of the largest diversified construction and construction materials companies in the United States, delivering infrastructure solutions for public and private clients. Granite creates value for its shareholders and all its stakeholders by satisfying society’s need for mobility, power, water, and essential services that sustain living conditions and improve quality of life.

This case study is based on the 2022 Sustainability Report by Granite, 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.

Layout 1

Abstract

Granite is committed to a high-performance culture of continuous improvement, innovation, and quality in all aspects of its work, so as to generate sustainable value for its stakeholders.  Tweet This! In order to create economic value for its stakeholders Granite took action to:

  • create economic value for employees
  • create economic value for providers of capital

What are the material issues the company has identified?  

In its 2022 Sustainability Report Granite identified a range of material issues, such as workplace health and safety, ethical business practices, labour practices and employee well-being, environmental compliance. Among these, creating economic value for its stakeholders stands out as a key material issue for Granite.

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:

“The reporting organization shall identify its stakeholders, and explain how it has responded to their reasonable expectations and interests.”

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 Granite engages with:

Stakeholder Group                Method of engagement
Employees

 

 ·      Surveyed in 2019 & 2022 Materiality Assessments

·      Sustainability Centre of Excellence discussion forums

·      Internal website & resources

·      Yammer page

·      Engagement surveys

·      Direct engagement

·      Quarterly webinars

·      Town hall meetings

·      Core value & onboarding trainings

·      Sustainability Week

·      Connections magazine
Investors

 

 ·      Surveyed in 2019 & 2022 Materiality Assessments

·      Quarterly investor calls

·      Direct engagement
Clients

 

 ·      Surveyed in 2019 & 2022 Materiality Assessments

·      Client alignment meetings

·      Client satisfaction surveys

·      Supplier questionnaires

·      Direct engagement

·      Sustainability strategic partnerships
Community

 

 

 ·      Elected officials & organisational representatives surveyed in 2022 Materiality Assessment

·      Direct engagement with public representatives & organisations

·      Press releases

·      Social media posts highlighting sustainability issues

·      Sustainability strategic partnerships
Partners & Suppliers

 

 ·      Surveyed in 2022 Materiality Assessment

·      Direct engagement related to sustainability initiatives

·      Sustainability strategic partnerships

How stakeholder engagement was made to identify material issues

To identify and prioritise material topics Granite engaged with its stakeholders through interviews and quantitative surveys.

What actions were taken by Granite to create economic value for its stakeholders?

In its 2022 Sustainability Report Granite reports that it took the following actions for creating economic value for its stakeholders:

  • Creating economic value for employees
  • In 2022, Granite paid $177,506 USD thousand for employee wages and benefits.
  • Creating economic value for providers of capital
  • In 2022, Granite paid $125,164 USD thousand to providers of 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:

 

78% of the world’s 250 largest companies report in accordance with the GRI Standards

SustainCase was primarily created to demonstrate, through case studies, the importance of dealing with a company’s most important impacts in a structured way, with use of the GRI Standards. To show how today’s best-run companies are achieving economic, social and environmental success – and how you can too.

Research by well-recognised institutions is clearly proving that responsible companies can look to the future with optimism.

7 GRI sustainability disclosures get you started

Any size business can start taking sustainability action

GRI, ISEP, CPD Certified Sustainability courses (2-5 days): Live Online or Classroom  (venue: London School of Economics)

  • Exclusive FBRH template to begin reporting from day one
  • Identify your most important impacts on the Environment, Economy and People
  • Formulate in group exercises your plan for action. Begin taking solid, focused, all-round sustainability action ASAP. 
  • Benchmarking methodology to set you on a path of continuous improvement

See upcoming training dates.

References:

This case study is based on published information by Granite, 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://www.graniteconstruction.com/sites/default/files/inline-files/Granite-2022-Sustainability-Report.pdf

Note to Granite: With each case study we send out an email requesting a comment on this case study. If you have not received such an email please contact us.

The post Case study: How Granite creates economic value for its stakeholders appeared first on SustainCase - Sustainability Magazine.

]]> Case study: How Ferrovial creates economic value for its stakeholders https://sustaincase.com/case-study-how-ferrovial-creates-economic-value-for-its-stakeholders/ Mon, 29 Apr 2024 06:10:48 +0000 https://sustaincase.com/?p=18945 Ferrovial is a Spanish multinational company operating in the infrastructure sector for transportation and mobility. , committed to protecting the environment and to improving lives and communities, while executing best governance practices. This case study is based on the 2022 Integrated Annual Report by Ferrovial, 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. Abstract Developing and operating […]

The post Case study: How Ferrovial creates economic value for its stakeholders appeared first on SustainCase - Sustainability Magazine.

]]> Ferrovial is a Spanish multinational company operating in the infrastructure sector for transportation and mobility. For Ferrovial, sustainability is a commitment and an opportunity to create sustainable value for all its stakeholders  Tweet This!, committed to protecting the environment and to improving lives and communities, while executing best governance practices.

This case study is based on the 2022 Integrated Annual Report by Ferrovial, 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.

Layout 1

Abstract

Developing and operating sustainable, innovative and efficient infrastructures, creating long-term value for its stakeholders, is a top priority for Ferrovial. In order to create economic value for its stakeholders Ferrovial took action to:

  • create economic value for employees
  • create economic value for shareholders
  • create economic value for the state
  • create economic value for communities

What are the material issues the company has identified?

In its 2022 Integrated Annual Report Ferrovial identified a range of material issues, such as climate change risks and GHG emissions reduction, ethical behaviour, compliance and integrity, health, safety and wellbeing of employees and contractors, rights and working conditions. Among these, creating economic value for its stakeholders stands out as a key material issue for Ferrovial.

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:

“The reporting organization shall identify its stakeholders, and explain how it has responded to their reasonable expectations and interests.”

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 Ferrovial engages with:

Stakeholder Group
Shareholders
Employees
Investors
Customers
Suppliers
Administrations
Governments
The media
Analysts
The business sector
Trade unions
The third sector
Society in general

How stakeholder engagement was made to identify material issues

To identify and prioritise material topics Ferrovial engaged with its stakeholders through a survey.

What actions were taken by Ferrovial to create economic value for its stakeholders?

In its 2022 Integrated Annual Report Ferrovial reports that it took the following actions for creating economic value for its stakeholders:

  • Creating economic value for employees
  • In 2022, Ferrovial paid € 1,446 million in personnel expenses.
  • Creating economic value for shareholders
  • In 2022, Ferrovial paid € 132 million in dividends to shareholders.
  • Creating economic value for the state
  • In 2022, Ferrovial paid € 30 million in corporate income tax.
  • Creating economic value for communities
  • In 2022, Ferrovial spent € 4.8 million in community investments.

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:

 

78% of the world’s 250 largest companies report in accordance with the GRI Standards

SustainCase was primarily created to demonstrate, through case studies, the importance of dealing with a company’s most important impacts in a structured way, with use of the GRI Standards. To show how today’s best-run companies are achieving economic, social and environmental success – and how you can too.

Research by well-recognised institutions is clearly proving that responsible companies can look to the future with optimism.

7 GRI sustainability disclosures get you started

Any size business can start taking sustainability action

GRI, ISEP, CPD Certified Sustainability courses (2-5 days): Live Online or Classroom  (venue: London School of Economics)

  • Exclusive FBRH template to begin reporting from day one
  • Identify your most important impacts on the Environment, Economy and People
  • Formulate in group exercises your plan for action. Begin taking solid, focused, all-round sustainability action ASAP. 
  • Benchmarking methodology to set you on a path of continuous improvement

See upcoming training dates.

References:

This case study is based on published information by Ferrovial, 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://informeanualintegrado2022.ferrovial.com/wp-content/uploads/sites/8/2023/02/ferrovial-integrated-annual-report-2022.pdf

Note to Ferrovial: With each case study we send out an email requesting a comment on this case study. If you have not received such an email please contact us.

The post Case study: How Ferrovial creates economic value for its stakeholders appeared first on SustainCase - Sustainability Magazine.

]]> Case study: How Hyundai E&C creates economic value for its stakeholders https://sustaincase.com/case-study-how-hyundai-ec-creates-economic-value-for-its-stakeholders/ Fri, 26 Apr 2024 06:01:45 +0000 https://sustaincase.com/?p=18917 Since its foundation in 1947, Hyundai E&C has opened a new horizon in the global construction industry, having successfully carried out 873 projects in 62 countries and leaping forward as a global construction leader, based on its accumulated technology and proven business execution capabilities. Hyundai E&C constantly creates new, sustainable value and builds a better world with creative ideas and passion, offering a greater future with constant innovations and bold initiatives. This case study is based on the 2022 Sustainability Report by Hyundai E&C, prepared in accordance with the GRI Standards, that can be found at this link. Through all case […]

The post Case study: How Hyundai E&C creates economic value for its stakeholders appeared first on SustainCase - Sustainability Magazine.

]]> Since its foundation in 1947, Hyundai E&C has opened a new horizon in the global construction industry, having successfully carried out 873 projects in 62 countries and leaping forward as a global construction leader, based on its accumulated technology and proven business execution capabilities. Hyundai E&C constantly creates new, sustainable value and builds a better world with creative ideas and passion, offering a greater future with constant innovations and bold initiatives.

This case study is based on the 2022 Sustainability Report by Hyundai E&C, 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.

Layout 1

Abstract

Creating long-term value for all its stakeholders through technological innovation, is a top priority for Hyundai E&C.  Tweet This! In order to create economic value for its stakeholders Hyundai E&C took action to:

  • create economic value for employees
  • create economic value for the government
  • create economic value for suppliers
  • create economic value for shareholders and investors
  • create economic value for local communities

What are the material issues the company has identified?  

In its 2022 Sustainability Report Hyundai E&C identified a range of material issues, such as safety first and prevention of major accidents, securing customer satisfaction management through quality control, creating sustainable management performance, propelling ethical & compliance management and fair trade. Among these, creating economic value for its stakeholders stands out as a key material issue for Hyundai E&C.

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:

“The reporting organization shall identify its stakeholders, and explain how it has responded to their reasonable expectations and interests.”

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 Hyundai E&C engages with:

Stakeholder Group                Method of engagement
Government, Media and Association

 

 ·      Public Hearings

·      Press Release

·      Association Activities
Employee

 

 ·      Intranet, HDEC Newsletter, SNS, Blog

·      Next Leader Board, Discussion with CEO

·      Employee Engagement Survey, H·Dudrim

·      Sustainability Management Council
Customer

 

 ·      Call Centre, Customer Centre (web), SNS, Blog

·      Customer Satisfaction Survey

·      Hillstate Styler

·      H·Dudrim

·      Share ESG policies in the supply chain with domestic/overseas clients
Supplier

 

 

 ·      Meetings

·      Hi-partner System

·      Joint Cooperation Committee, Win-win Growth Support Centre

·      Supplier satisfaction survey

·      H·Dudrim
Society, NGOs and Social Groups

 

 ·      Local social contribution activities

·      Community meeting

·      External social contribution committee

·      Civil society and environmental groups

·      Global ESG initiatives
Shareholder and Investor

 

 ·      General shareholders’ meetings

·      Investment presentation

·      Public disclosure
Sustainability Experts, Academia and Research Institute ·      Sustainability Reports

·      Participation in surveys and external evaluations

·      Voluntary disclosure

How stakeholder engagement was made to identify material issues

To identify and prioritise material topics Hyundai E&C engaged with its stakeholders through an online and offline survey among a total of 2,896 employees and external stakeholders.

What actions were taken by Hyundai E&C to create economic value for its stakeholders?

In its 2022 Sustainability Report Hyundai E&C reports that it took the following actions for creating economic value for its stakeholders:

  • Creating economic value for employees
  • In 2021, Hyundai E&C paid KRW 6,097.5 million for employee compensations.
  • Creating economic value for the government
  • In 2021, Hyundai E&C paid KRW 2,997.2 million in tax.
  • Creating economic value for suppliers
  • In 2021, Hyundai E&C paid KRW 86,844.0 million in procurement and subcontracting expenses.
  • Creating economic value for shareholders and investors
  • In 2021, Hyundai E&C paid KRW 675.0 million in dividends.
  • Creating economic value for local communities
  • In 2021, Hyundai E&C spent KRW 135.8 million in donations.

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:

 

78% of the world’s 250 largest companies report in accordance with the GRI Standards

SustainCase was primarily created to demonstrate, through case studies, the importance of dealing with a company’s most important impacts in a structured way, with use of the GRI Standards. To show how today’s best-run companies are achieving economic, social and environmental success – and how you can too.

Research by well-recognised institutions is clearly proving that responsible companies can look to the future with optimism.

7 GRI sustainability disclosures get you started

Any size business can start taking sustainability action

GRI, ISEP, CPD Certified Sustainability courses (2-5 days): Live Online or Classroom  (venue: London School of Economics)

  • Exclusive FBRH template to begin reporting from day one
  • Identify your most important impacts on the Environment, Economy and People
  • Formulate in group exercises your plan for action. Begin taking solid, focused, all-round sustainability action ASAP. 
  • Benchmarking methodology to set you on a path of continuous improvement

See upcoming training dates.

References:

This case study is based on published information by Hyundai E&C, 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://en.hdec.kr/en/company/library_03.aspx?

Note to Hyundai E&C: With each case study we send out an email requesting a comment on this case study. If you have not received such an email please contact us.

The post Case study: How Hyundai E&C creates economic value for its stakeholders appeared first on SustainCase - Sustainability Magazine.

]]> Case study: How Ero Copper creates economic value for its stakeholders https://sustaincase.com/case-study-how-ero-copper-creates-economic-value-for-its-stakeholders/ Mon, 13 Nov 2023 07:05:42 +0000 https://ccprowebs.com/new-sustaincase.com/?p=15528 Ero Copper is a high-margin growth-oriented base metals mining company with corporate headquarters in Vancouver, Canada, and operations in Brazil. Ero Copper defines responsible corporate citizenship as providing value to all of its stakeholders through sustainable mining operations that enhance the communities in which it operates. This case study is based on the 2021 Sustainability Report by Ero Copper, 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 post Case study: How Ero Copper creates economic value for its stakeholders appeared first on SustainCase - Sustainability Magazine.

]]> Ero Copper is a high-margin growth-oriented base metals mining company with corporate headquarters in Vancouver, Canada, and operations in Brazil. Ero Copper defines responsible corporate citizenship as providing value to all of its stakeholders through sustainable mining operations that enhance the communities in which it operates.

This case study is based on the 2021 Sustainability Report by Ero Copper, 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. 

Ero Copper is committed to responsible mining that creates lasting social and economic value for all its stakeholders  Tweet This!, especially the members of the communities in which it operates. In order to create economic value for its stakeholders Ero Copper took action to:

  • create economic value for employees
  • create economic value for suppliers
  • create economic value for governments and third parties
  • create economic value for providers of capital
  • create economic value for communities

What are the material issues the company has identified?

In its 2021 Sustainability Report Ero Copper identified a range of material issues, such as business ethics, health and safety, climate, energy and GHG emissions, human rights, water stewardship. Among these, creating economic value for its stakeholders stands out as a key material issue for Ero Copper.

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:

“The reporting organization shall identify its stakeholders, and explain how it has responded to their reasonable expectations and interests.”

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 Ero Copper engages with:

To identify and prioritise material topics Ero Copper engaged with its stakeholders through the following channels:

Stakeholder Group                Method of engagement
Local Communities ·      Active engagement with communities in and around current, planned and historic mining operations through both formal and informal mechanisms
Employees and Contractors

 

 ·      Formal and informal engagement with employees and contractors, including: regular management meetings, health and safety meetings, annual union engagement and employee engagement and satisfaction surveys
Federal, State and Local Government Agencies

 

 

 ·      Regular engagement with all levels of governmental agencies to foster economic development, community health and environmental stewardship within Ero Copper’s regions
Investors ·      Frequent engagement with existing shareholders and potential new shareholders through marketing, conferences and targeted outreach
ESG Research and Rating Agencies ·      Frequent engagement with relevant ESG-focused agencies to align company reporting, improve overall disclosure and ensure accuracy of information

What actions were taken by Ero Copper to create economic value for its stakeholders?

In its 2021 Sustainability Report Ero Copper reports that it took the following actions for creating economic value for its stakeholders:

  • Creating economic value for employees
  • In 2021, Ero Copper paid $64,271 thousand for employee wages and benefits.
  • Creating economic value for suppliers
  • In 2021, Ero Copper paid $310,654 thousand to suppliers.
  • Creating economic value for governments and third parties
  • In 2021, Ero Copper paid $22,210 thousand in income and resource taxes, $8,990 in other taxes and fees and $9,730 in government and third-party royalties.
  • Creating economic value for providers of capital
  • In 2021, Ero Copper paid $6,223 thousand to providers of capital.
  • Creating economic value for communities
  • In 2021, Ero Copper spent $243 thousand in community investments.

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:

 

78% of the world’s 250 largest companies report in accordance with the GRI Standards

SustainCase was primarily created to demonstrate, through case studies, the importance of dealing with a company’s most important impacts in a structured way, with use of the GRI Standards. To show how today’s best-run companies are achieving economic, social and environmental success – and how you can too.

Research by well-recognised institutions is clearly proving that responsible companies can look to the future with optimism.

7 GRI sustainability disclosures get you started

Any size business can start taking sustainability action

GRI, ISEP, CPD Certified Sustainability courses (2-5 days): Live Online or Classroom  (venue: London School of Economics)

  • Exclusive FBRH template to begin reporting from day one
  • Identify your most important impacts on the Environment, Economy and People
  • Formulate in group exercises your plan for action. Begin taking solid, focused, all-round sustainability action ASAP. 
  • Benchmarking methodology to set you on a path of continuous improvement

See upcoming training dates.
References:

This case study is based on published information by Ero Copper, 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://erocopper.com/site/assets/files/6327/ero_copper_2021_sustainability_report.pdf

Note to Ero Copper: With each case study we send out an email requesting a comment on this case study. If you have not received such an email please contact us.

The post Case study: How Ero Copper creates economic value for its stakeholders appeared first on SustainCase - Sustainability Magazine.

]]> Case study: How AMATA creates economic value for its stakeholders https://sustaincase.com/case-study-how-amata-creates-economic-value-for-its-stakeholders/ Fri, 08 Sep 2023 05:54:56 +0000 https://ccprowebs.com/new-sustaincase.com/?p=15314 AMATA Corporation Public Company Limited is one of Thailand’s leading industrial estate developers, specialising in the industrial estate development and entire businesses related to the industrial estate. along with the company’s business growth. This case study is based on the 2021 Sustainability Report by AMATA, 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.  AMATA applies the […]

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]]> AMATA Corporation Public Company Limited is one of Thailand’s leading industrial estate developers, specialising in the industrial estate development and entire businesses related to the industrial estate. AMATA operates strictly according to the “ALL WIN” philosophy, which focuses on creating value for all its stakeholders  Tweet This! along with the company’s business growth.

This case study is based on the 2021 Sustainability Report by AMATA, 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. 

AMATA applies the principle of Creating Shared Value to enhance projects and business activities, so as to create more sustainable value for all its stakeholders and solve social and environmental problems. In order to create economic value for its stakeholders AMATA took action to:

  • create economic value for employees
  • create economic value for suppliers
  • create economic value for the state and local authorities
  • create economic value for shareholders
  • create economic value for society

What are the material issues the company has identified?

In its 2021 Sustainability Report AMATA identified a range of material issues, such as environmental impact management, circular economy, water management, social impact management. Among these, creating economic value for its stakeholders stands out as a key material issue for AMATA.

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:

“The reporting organization shall identify its stakeholders, and explain how it has responded to their reasonable expectations and interests.”

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 AMATA engages with:

Stakeholder Group                Method of engagement
Employee

 

 ·      Annual meeting between top executives and employees

·      Quarterly staff meetings

·      Online communication, intranet and email

·      Direct channel to CEO for staff’s complaint and suggestions

·      Quarterly meeting of Welfare Committee

·      Annual Employee Engagement Survey
Customer ·      Annual Customer Satisfaction Survey

·      Customer relation activities/ marketing activities

·      Online / Email Communications

·      Face to face meeting

·      Line Official
Supplier/ Contractor

 

 ·      Face to face meetings

·      Supplier assessment

·      Online / Email Communication

·      Channels for suggestion and complaint
Shareholder

 

 ·      Annual Shareholder Meeting

·      Directors’ meetings in subsidiaries and associated companies

·      Opportunity Investment Roadshow

·      Opportunity Day at SET

·      Quarterly Investor Meetings

·      Online / Email Communication

·      Channels for suggestion
Business Partner

 

 ·      Directors’ meetings in subsidiaries and associated companies

·      Face to face meetings

·      Online / Email Communication

·      Response to requests for information disclosure or report
Local Community

 

 ·      Public hearing and meetings with management

·      Community relation initiatives

·      Community satisfaction survey (annual and by activity)

·      Online / Email Communication

·      Other communication Channels for suggestion and complaint

·      Open house
Government ·      Face to face meetings

·      Participation in and support projects run by the government

·      Participations in government lead committee as requested

·      Site visits

·      Online / Email Communication

·      Response to requests for information disclosure or report
Creditor ·      Analyst Meetings

·      Face to face meetings

·      Site visits

·      Online / Email Communication
Competitor

 

 ·      Meetings with industry’s association or organisations

·      Participate in working teams that are relevant to competitors as requested by the government
Media ·      Press release

·      Special interviews as requested

·      Site visits / Press tours

·      Response to requests for information disclosure or report

How stakeholder engagement was made to identify material issues

To identify and prioritise material topics AMATA engaged with its stakeholders through meetings, formal and informal interviews, questionnaires and engagement surveys.

What actions were taken by AMATA to create economic value for its stakeholders?

In its 2021 Sustainability Report AMATA reports that it took the following actions for creating economic value for its stakeholders:

  • Creating economic value for employees
  • In 2021, AMATA paid THB 333.61 million for employee compensation (salary, bonus, wage, welfare, provident fund, social security, personal development expense).
  • Creating economic value for suppliers
  • In 2021, AMATA paid THB 1,546.00 million in domestic procurement.
  • Creating economic value for the state and local authorities
  • In 2021, AMATA paid THB 351.59 million in tax to the state and local authorities.
  • Creating economic value for shareholders
  • In 2021, AMATA paid THB 344.99 million in dividends to shareholders.
  • Creating economic value for society
  • In 2021, AMATA paid THB 6.91 million in social activities, THB 9.48 million in social investments excluding donations and THB 15.77 million in donations.

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:

 

78% of the world’s 250 largest companies report in accordance with the GRI Standards

SustainCase was primarily created to demonstrate, through case studies, the importance of dealing with a company’s most important impacts in a structured way, with use of the GRI Standards. To show how today’s best-run companies are achieving economic, social and environmental success – and how you can too.

Research by well-recognised institutions is clearly proving that responsible companies can look to the future with optimism.

7 GRI sustainability disclosures get you started

Any size business can start taking sustainability action

GRI, ISEP, CPD Certified Sustainability courses (2-5 days): Live Online or Classroom  (venue: London School of Economics)

  • Exclusive FBRH template to begin reporting from day one
  • Identify your most important impacts on the Environment, Economy and People
  • Formulate in group exercises your plan for action. Begin taking solid, focused, all-round sustainability action ASAP. 
  • Benchmarking methodology to set you on a path of continuous improvement

See upcoming training dates.
References:

This case study is based on published information by AMATA, 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://amata.listedcompany.com/misc/sdr/20220408-amata-sdr2021-en.pdf

Note to AMATA: With each case study we send out an email requesting a comment on this case study. If you have not received such an email please contact us.

The post Case study: How AMATA creates economic value for its stakeholders appeared first on SustainCase - Sustainability Magazine.

]]> Case study: How Webuild creates economic value for its stakeholders https://sustaincase.com/case-study-how-webuild-creates-economic-value-for-its-stakeholders/ Fri, 25 Aug 2023 05:53:56 +0000 https://ccprowebs.com/new-sustaincase.com/?p=15340 Webuild is a leading global player in the construction of large, complex projects for sustainable mobility, hydropower, water and green buildings. In 2021, the economic value generated by the Webuild Group, i.e., the total wealth created for its stakeholders, amounted to €6,499 million (€4,950 million in 2020), of which 99% was distributed to suppliers, employees, investors and lenders, public administration and local communities. This case study is based on the 2021 Consolidated Non-financial Statement by Webuild, prepared in accordance with the GRI Standards, that can be found at this link. Through all case studies we aim to demonstrate what CSR/ […]

The post Case study: How Webuild creates economic value for its stakeholders appeared first on SustainCase - Sustainability Magazine.

]]> Webuild is a leading global player in the construction of large, complex projects for sustainable mobility, hydropower, water and green buildings. In 2021, the economic value generated by the Webuild Group, i.e., the total wealth created for its stakeholders, amounted to €6,499 million (€4,950 million in 2020), of which 99% was distributed to suppliers, employees, investors and lenders, public administration and local communities.

This case study is based on the 2021 Consolidated Non-financial Statement by Webuild, 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. 

Webuild has always engaged with its stakeholders in a transparent and ongoing manner, generating sustainable value for all.  Tweet This! In order to create economic value for its stakeholders Webuild took action to:

  • create economic value for employees
  • create economic value for suppliers
  • create economic value for lenders
  • create economic value for the state

What are the material issues the company has identified?

In its 2021 Consolidated Non-financial Statement Webuild identified a range of material issues, such as health, safety and welfare, ethics and integrity, excellence and innovation, human rights, anti-corruption. Among these, creating economic value for its stakeholders stands out as a key material issue for Webuild.

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:

“The reporting organization shall identify its stakeholders, and explain how it has responded to their reasonable expectations and interests.”

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 Webuild engages with:

Stakeholder Group
Employees & Trade unions
Shareholders & Investors
Clients & Potential clients
Suppliers, contractors, subcontractors & partners
Local communities & NGO
Governments & public administrations
Sector associations & media

How stakeholder engagement was made to identify material issues

To identify and prioritise material topics Webuild engaged with its stakeholders through two separate surveys, one for middle management and one for employees, clients, suppliers, investors, NGOs and ESG experts.

What actions were taken by Webuild to create economic value for its stakeholders?

In its 2021 Consolidated Non-financial Statement Webuild reports that it took the following actions for creating economic value for its stakeholders:

  • Creating economic value for employees
  • In 2021, Webuild paid €1,102 million to employees (remuneration and benefits).
  • Creating economic value for suppliers
  • In 2021, Webuild paid €4,881 million to suppliers (operating costs).
  • Creating economic value for lenders
  • In 2021, Webuild paid €308 million to lenders.
  • Creating economic value for the state
  • In 2021, Webuild paid €134 million to the public administration (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:

 

78% of the world’s 250 largest companies report in accordance with the GRI Standards

SustainCase was primarily created to demonstrate, through case studies, the importance of dealing with a company’s most important impacts in a structured way, with use of the GRI Standards. To show how today’s best-run companies are achieving economic, social and environmental success – and how you can too.

Research by well-recognised institutions is clearly proving that responsible companies can look to the future with optimism.

7 GRI sustainability disclosures get you started

Any size business can start taking sustainability action

GRI, ISEP, CPD Certified Sustainability courses (2-5 days): Live Online or Classroom  (venue: London School of Economics)

  • Exclusive FBRH template to begin reporting from day one
  • Identify your most important impacts on the Environment, Economy and People
  • Formulate in group exercises your plan for action. Begin taking solid, focused, all-round sustainability action ASAP. 
  • Benchmarking methodology to set you on a path of continuous improvement

See upcoming training dates.
References:

This case study is based on published information by Webuild, 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://corporatebe.webuildgroup.com/sites/default/files/2022-04/2021%20Consolidated%20Non-financial%20Statement.pdf

Note to Webuild: With each case study we send out an email requesting a comment on this case study. If you have not received such an email please contact us.

The post Case study: How Webuild creates economic value for its stakeholders appeared first on SustainCase - Sustainability Magazine.

]]> Case study: How ENKA creates economic value for its stakeholders https://sustaincase.com/case-study-how-enka-creates-economic-value-for-its-stakeholders/ Wed, 23 Aug 2023 05:59:46 +0000 https://ccprowebs.com/new-sustaincase.com/?p=15333 ENKA is the largest construction company in Turkey providing services all around the world, with the collective experience of completing projects in 48 countries and more than 20 thousand employees. This case study is based on the 2021 Sustainability Report by ENKA, 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.  In 2021, ENKA generated USD 2.86 […]

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]]> ENKA is the largest construction company in Turkey providing services all around the world, with the collective experience of completing projects in 48 countries and more than 20 thousand employees. Since its establishment, ENKA, with a sense of responsibility towards society, seeks to create sustainable value for all its stakeholders.  Tweet This!

This case study is based on the 2021 Sustainability Report by ENKA, 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. 

In 2021, ENKA generated USD 2.86 billion revenue from the 4 main sectors in which it is active. In order to create economic value for its stakeholders ENKA took action to:

  • create economic value for employees
  • create economic value for the state
  • create economic value for capital owners

What are the material issues the company has identified?

In its 2021 Sustainability Report ENKA identified a range of material issues, such as occupational health and safety, employee rights and employee satisfaction, product and service quality, customer satisfaction. Among these, creating economic value for its stakeholders stands out as a key material issue for ENKA.

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:

“The reporting organization shall identify its stakeholders, and explain how it has responded to their reasonable expectations and interests.”

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 ENKA engages with:

Stakeholder Group                Method of engagement
Employees

 

 ·      Websites

·      Social media

·      Newsletters – Sustainability and Compliance, OHS, Environment, Quality Management Systems, Information Security, Human Resources, General Announcements, Lessons Learned and Best Practices

·      ENKA Academy

·      Employee Loyalty and Satisfaction Survey

·      Audits, Ethics and Compliance Audits

·      Ethics Hotline, Other Reporting Mechanisms, Project Grievance Mechanisms

·      Information Security Incident Notification Form

·      Employee Volunteering Programme
Customers ·      Customer Satisfaction Survey

·      Websites

·      Annual Reports

·      Sustainability Reports, CDP Reports

·      ENKA Document Management System

·      Meetings

·      Ethics Hotline, Other Reporting Mechanisms, Project Grievance Mechanisms
Business partners

 

 

 

 ·      Websites

·      ENKA Academy

·      Evaluation Surveys

·      ENKA Code of Business Conduct and ENKA Supplier Code of Conduct

·      Management Systems Audits

·      ENKA Document Management System

·      Meetings

·      Ethics Hotline, Other Reporting Mechanisms, Project Grievance Mechanisms

·      Audits

·      Sustainability Reports, CDP Reports
Shareholders

 

 

 

 ·      General Assembly

·      Websites

·      Annual Reports

·      Sustainability Reports, CDP Reports

·      Material Disclosures, Financial Reports, Periodic Disclosures (Public Disclosure Platform – KAP)

·      Meetings

·      Ethics Hotline and Other Reporting Mechanisms
Social stakeholders

 

 

 ·      Websites

·      Media, Social Media

·      Annual Reports

·      Sustainability Reports, CDP Reports

·      Meetings

·      Ethics Hotline, Other Reporting Mechanisms, Project Grievance Mechanisms

·      Memberships
Public institutions

 

 

 ·      Annual Reports

·      Websites

·      Periodic Disclosures (Public Disclosure Platform – KAP)

·      Sustainability Reports, CDP Reports

·      Meetings

·      Official Correspondences

·      Audits

·      Memberships

·      Career Days, Events of University Clubs and Societies

·      Conferences and Panels

How stakeholder engagement was made to identify material issues

To identify and prioritise material topics ENKA engaged with its stakeholders through a survey among a total of 385 stakeholder representatives from various stakeholder groups, including ENKA Group’s Sustainability Committee and senior management, employees, suppliers, non-governmental organisations, professional associations, subsidiaries and customers.

What actions were taken by ENKA to create economic value for its stakeholders?

In its 2021 Sustainability Report ENKA reports that it took the following actions for creating economic value for its stakeholders:

  • Creating economic value for employees
  • In 2021, ENKA paid $ 275,430,000 in employee salaries, $ 42,169,000 in social security expenditures, and $ 4,737,000 in other benefits.
  • Creating economic value for the state
  • In 2021, ENKA paid $ 121,788,726 in tax expenditures.
  • Creating economic value for capital owners
  • In 2021, ENKA paid TL 1,992,576,000 to capital owners.

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:

 

78% of the world’s 250 largest companies report in accordance with the GRI Standards

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References:

This case study is based on published information by ENKA, 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://www.enka.com/allfiles/pdf/ENKA_Sustainability_Report_2021.pdf

Note to ENKA: With each case study we send out an email requesting a comment on this case study. If you have not received such an email please contact us.

The post Case study: How ENKA creates economic value for its stakeholders appeared first on SustainCase - Sustainability Magazine.

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