Sector: Forest and Paper Products Archives - SustainCase - Sustainability Magazine https://sustaincase.com/category/forest-and-paper-products/ 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... Tue, 04 Jun 2024 07:16:51 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 Case study: How Graphic Packaging creates economic value for its stakeholders https://sustaincase.com/case-study-how-graphic-packaging-creates-economic-value-for-its-stakeholders/ Mon, 03 Jun 2024 06:01:38 +0000 https://sustaincase.com/?p=19158 Graphic Packaging is a leading provider of fiber-based packaging solutions that serve the food, beverage, foodservice, and other consumer products companies. This case study is based on the 2021 ESG Report by Graphic Packaging, 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 Meeting its commitments to them and generating long-term value for customers, employees, stockholders and […]

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]]> Graphic Packaging is a leading provider of fiber-based packaging solutions that serve the food, beverage, foodservice, and other consumer products companies. Graphic Packaging has an unwavering commitment to listen to and understand the needs of its stakeholders, creating sustainable value for all.  Tweet This!

This case study is based on the 2021 ESG Report by Graphic Packaging, 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

Meeting its commitments to them and generating long-term value for customers, employees, stockholders and all its other stakeholders, is a top priority for Graphic Packaging. In order to create economic value for its stakeholders Graphic Packaging took action to:

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

What are the material issues the company has identified?

In its 2021 ESG Report Graphic Packaging identified a range of material issues, such as product stewardship, climate change, sustainable forestry, employee safety and health. Among these, creating economic value for its stakeholders stands out as a key material issue for Graphic Packaging.

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 Graphic Packaging engages with:

Stakeholder Group                Method of engagement (Inform)
Communities

 

 ·      Meetings

·      Media

·      Social media

·      Events

·      Mill and plant tours

·      Community support and volunteerism

·      State and local civic associations
Current employees

 

 ·      Town hall meetings

·      Emails

·      Global employee engagement surveys

·      Business resource groups

·      Recognitions

·      Daily intranet postings

·      Social media
Customers

 

 ·      Events

·      Meetings

·      Innovation sessions

·      Emails

·      Calls

·      Surveys

·      Trainings

·      Technical support

·      Media

·      Social media
Government

 

 ·      Meetings

·      Emails

·      Calls

·      Mill and plant tours and site visits

·      Reporting activities to select state and federal agencies

·      Industry and trade association involvement
Investment community

 

 ·      Calls

·      Emails

·      Meetings

·      Conference appearances

·      Press releases

·      Media

·      Social media

·      SEC filings

·      Surveys
NGOs, academia, and think tanks

 

 ·      Visits

·      Events

·      Meetings

·      Research projects

·      Emails

·      Calls

·      Social media
Individual stockholders

 

 ·      Meetings

·      Press releases

·      Mail

·      Media

·      Social media
Suppliers

 

 ·      Events

·      Meetings

·      Calls

·      Emails

·      Surveys

·      Supplier relationship management

·      Supplier recognitions

How stakeholder engagement was made to identify material issues

To identify and prioritise material topics Graphic Packaging engaged with its stakeholders through surveys and interviews.

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

In its 2021 ESG Report Graphic Packaging reports that it took the following actions for creating economic value for its stakeholders:

  • Creating economic value for providers of capital
  • In FY2021, Graphic Packaging paid USD 223 million to providers of capital.
  • Creating economic value for governments
  • In FY2021, Graphic Packaging paid USD 74 million to governments.

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 Graphic Packaging, 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.graphicpkg.com/documents/2022/10/2021-esg-report.pdf/

Note to Graphic Packaging: 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.

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]]> Case study: How Navigator creates economic value for its stakeholders https://sustaincase.com/case-study-how-navigator-creates-economic-value-for-its-stakeholders/ Fri, 31 May 2024 05:59:09 +0000 https://sustaincase.com/?p=19154 The Navigator Company is an integrated forestry, pulp, paper, tissue, sustainable packaging solutions and bioenergy producer, with operations based at state-of the-art plants using cutting edge technology, making them a global benchmark. This case study is based on the 2021 Sustainability Report by Navigator, 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 In 2021, the value […]

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

]]> The Navigator Company is an integrated forestry, pulp, paper, tissue, sustainable packaging solutions and bioenergy producer, with operations based at state-of the-art plants using cutting edge technology, making them a global benchmark. Aware of the impact of its operations on society, Navigator sees its purpose as creating long-term, sustainable value and sharing it with all its different stakeholders.  Tweet This!

This case study is based on the 2021 Sustainability Report by Navigator, 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 value distributed by Navigator reached € 1,490 million. In order to create economic value for its stakeholders Navigator took action to:

  • create economic value for employees
  • create economic value for capital providers
  • 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 Navigator identified a range of material issues, such as ethics, transparency and inclusion, responsible use of resources, talent management and developing human capital, sustainable forestry management and conserving biodiversity. Among these, creating economic value for its stakeholders stands out as a key material issue for Navigator.

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 Navigator engages with: 

Stakeholder Group                Method of engagement (Inform)
Shareholders

 

 ·      Investor relations

·      Regular reporting of financial and nonfinancial information

·      ESG Indexes

·      Sustainability Forum
Business associations ·      Participation in management bodies of industry associations in areas such as energy, forestry and sustainable development

·      Sustainability Forum
Customers

 

 ·      Meetings/Visits to Group’s mills and nurseries

·      Satisfaction surveys

·      Corporate website

·      Business activities

·      Advertising campaigns

·      Periodic engagement exercises
Employees

 

 ·      Periodic meetings between Executive Board and Workers’ Committee

·      Managers’ Forum

·      My Planet

·      Intranet

·      Mill visits
Community

 

 ·      Community Monitoring Committees

·      Sustainability Forum

·      My Planet

·      Give the Forest a Hand

·      Forest of Knowledge
Government and regulatory authorities ·      Formal response to legal requirements

·      Meetings and response to various enquiries

·      Sustainability Forum

·      Community Monitoring Committees
Suppliers ·      Declarations of conformity

·      Sustainability assessment surveys

·      Sustainability Forum
NGOs ·      Sustainability Forum

·      Visits to Group’s mills and nurseries

·      Cooperation agreements

·      Community Monitoring Committees
Forest landowners and forestry associations ·      Cooperation agreements

·      Forestry Producers Magazine

·      Florestas.pt platform

·      e-globulus platform

·      Technology showcases

·      Trade Fairs

·      Sustainability Forum
Scientific and technological system ·      Cooperation agreements with Universities

·      Research partnerships (RAIZ)

·      Study grants and Master’s degrees

·      Sustainability Forum

·      Forest of Knowledge

How stakeholder engagement was made to identify material issues

To identify and prioritise material topics Navigator engaged with its stakeholders through surveys and in-depth interviews.

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

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

  • Creating economic value for employees
  • In 2021, Navigator paid € 154 million for employee salaries and benefits.
  • Creating economic value for capital providers
  • In 2021, Navigator paid € 167 million to capital providers.
  • Creating economic value for the state
  • In 2021, Navigator paid € 90 million in taxes.
  • Creating economic value for communities
  • In 2021, Navigator spent € 1.6 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 Navigator, 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://en.thenavigatorcompany.com/var/ezdemo_site/storage/original/application/908f314e757ac8eff5725aba330ea2bb.pdf  

Note to Navigator: 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 Navigator creates economic value for its stakeholders appeared first on SustainCase - Sustainability Magazine.

]]> Case study: How Altri creates economic value for its stakeholders https://sustaincase.com/case-study-how-altri-creates-economic-value-for-its-stakeholders/ Wed, 17 Apr 2024 06:14:01 +0000 https://sustaincase.com/?p=18851 Altri is a leading European company in the production of eucalyptus pulp, sustainable forest management and renewable energy production. This case study is based on the 2021 Sustainability Report by Altri, 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 In 2021, the economic value distributed by Altri reached € 627 799 183. In order to create […]

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]]> Altri is a leading European company in the production of eucalyptus pulp, sustainable forest management and renewable energy production. Being leaders in technological innovation and excellence and a recognised partner for its stakeholders, generating sustainable value for all, is a top priority for Altri.  Tweet This!

This case study is based on the 2021 Sustainability Report by Altri, 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 distributed by Altri reached € 627 799 183. In order to create economic value for its stakeholders Altri took action to:

  • create economic value for employees
  • create economic value for investors
  • create economic value for the state
  • create economic value for the community

What are the material issues the company has identified?  

In its 2021 Sustainability Report Altri identified a range of material issues, such as ethics, anti-corruption practices and anti-competitive behaviour, water management, employee health, safety and well-being, forest management and biodiversity protection. Among these, creating economic value for its stakeholders stands out as a key material issue for Altri.

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 Altri engages with:

Stakeholder Group                Method of engagement
Shareholders/Investors ·      Annual General Meeting

·      Report and Accounts, Company Government Report and Sustainability Report, prepared by the Board of Directors and presented to shareholders’ scrutiny

·      AltriNews – as a tool for communicating the activities carried out by the Group every quarter

·      Altri’s website www.altri.pt
Customers

 

 ·      Visits

·      Customer surveys

·      Evaluation of the external perception of customers

·      Strategic partnerships

·      AltriNews – as a tool for communicating the activities carried out by the Group every quarter

·      Report and Accounts, Company Government Report and Sustainability Report

·      Altri’s website www.altri.pt
Employees

 

 ·      Daily and weekly meetings

·      Intranet

·      Meeting of Leaders and Medium and Senior Staff for disclosure of the objectives of the company

·      Training actions

·      Meetings with Commissions Trade unions

·      Environment Committee, Health and Safety at work

·      Participation programmes

·      AltriNews – as a tool for communicating the activities carried out by the Group every quarter

·      MyBiotekChannel

·      Altri’s website www.altri.p
Academic community

 

 

 ·      Protocols of collaboration with Universities

·      Grant of stages curricular and post-curricular in collaboration with the training centres

·      Schools and Universities

·      Professional internships in collaboration with Instituto de Emprego e Formação Profissional

·      Visits to the plants

·      AltriNews – as a tool for communicating the activities carried out by the Group every quarter

·      Altri’s website www.altri.pt
Official entities

 

 ·      Regular delivery of statistics and reports of different nature (tax, labour, environmental, health and safety at work, training professional, etc.)

·      AltriNews – as a tool for communicating the activities carried out by the Group every quarter

·      Sustainability Report

·      Altri’s website www. altri.pt
Communities/Non-governmental organisations ·      Financial donations

·      Collaboration in Support for institutions Social solidarity

·      Voluntary actions

·      Joint organisation with fire brigades of simulations of emergency operations

·      Offer of the training ground for fire brigades

·      Transfer of computer equipment

·      Support for various School initiatives

·      Programme: Summer Academy

·      AltriNews – as a tool for communicating the activities carried out by the Group every quarter

·      Sustainability Report

·      Altri’s website www.altri.pt
Media ·      Press releases

·      AltriNews – as a tool for communicating the activities carried out by the Group every quarter

·      Altri’s website www.altri.pt

·      Sustainability Report
Policy makers ·      CELPA, CEPI, Fit for 55

·      Meetings

·      Written communication and proposal for a revision, in a regulatory framework, at national and European Union level

·      Sustainability Report

·      Altri News

·      Altri’s website www. altri.pt
Partners and suppliers ·      Qualification and evaluation of suppliers of services and raw materials

·      Training for service providers, covering environmental and safety matters

·      Partnerships with CELPA

·      Information sessions on environment and security, intended for managers of services providers’ companies

·      Participation of security technicians from external companies in actions

·      Paper Industry Safety Card (CSIP)

·      Responsible behaviours programme

·      Training in the working front in the Forest

·      AltriNews – as a tool for communicating the activities carried out by the Group every quarter

·      Sustainability Report

·      Altri’s website www.altri.pt

How stakeholder engagement was made to identify material issues

To identify and prioritise material topics Altri engaged with its stakeholders through a questionnaire.

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

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

  • Creating economic value for employees
  • In 2021, Altri paid € 43 248 488 for employee wages and benefits.
  • Creating economic value for investors
  • In 2021, Altri paid € 71 796 085 in dividends.
  • Creating economic value for the state
  • In 2021, Altri paid € 13 337 061 to the state.
  • Creating economic value for the community
  • In 2021, Altri spent € 127 299 in donations and other investments in 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:

 

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 Altri, 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://altri.pt/en/sustainability/reports

Note to Altri: 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 Altri creates economic value for its stakeholders appeared first on SustainCase - Sustainability Magazine.

]]> Case study: How Eldorado Brasil creates economic value for its stakeholders https://sustaincase.com/case-study-how-eldorado-brasil-creates-economic-value-for-its-stakeholders/ Mon, 15 Apr 2024 06:06:29 +0000 https://sustaincase.com/?p=18832 Founded in 2012, Eldorado Brasil is one of the largest and most modern eucalyptus pulp companies in the world, with 5,366 employees and more than 390 thousand hectares, of which approximately 249 thousand have planted forests. This case study is based on the 2021 Sustainability Report by Eldorado Brasil, 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 Eldorado Brasil creates economic value for its stakeholders appeared first on SustainCase - Sustainability Magazine.

]]> Founded in 2012, Eldorado Brasil is one of the largest and most modern eucalyptus pulp companies in the world, with 5,366 employees and more than 390 thousand hectares, of which approximately 249 thousand have planted forests. Eldorado Brasil is committed to sustainable growth and long-term value sharing with all its stakeholders.  Tweet This!

This case study is based on the 2021 Sustainability Report by Eldorado Brasil, 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 distributed by Eldorado Brasil reached R$ 3,037,803.00. In order to create economic value for its stakeholders Eldorado Brasil 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 shareholders

What are the material issues the company has identified? 

In its 2021 Sustainability Report Eldorado Brasil identified a range of material issues, such as forestry certifications and good practices, biodiversity, innovation and technology, diversity and equal opportunity. Among these, creating economic value for its stakeholders stands out as a key material issue for Eldorado Brasil.

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 Eldorado Brasil engages with:

To identify and prioritise material topics Eldorado Brasil engaged with its stakeholders through the following channels:

Stakeholder Group                Method of engagement
Communities and civil society

 

 ·      Calendar of periodic meetings with neighbours and the community

·      Social programmes, including vegetable gardens, training courses for the surrounding communities and smallholder settlements

·      Continuous outreach via communication channels, availability of a centre to receive community requests and complaints, availability of an Ethics Hotline
Customers

 

 

 ·      Hold meetings, forums and commercial events with customers during the course of the year

·      Provide a channel for customer complaints on the Eldorado Brasil website

·      Monitor and manage concerns raised by business partners
Government and industry associations

 

 ·      A schedule of periodic meetings, working with partners on infrastructure and centres to receive requests. Regular participation in working groups and surveys to create improvements for the region
NGOs and Forums

 

 ·      Participate in meetings, forums and industry and NGO working groups to discuss public policies and topics relevant for industry development, seeking sustainable development

·      Members of the WWF MS Forum, and signatories of the UN Global Compact and the Brazil Climate Coalition. Members of Instituto Ethos de Empresas e Responsabilidade Social, and active members of FSC International, IBÁ – Indústria Brasileira de Árvores, ABTCP (the Brazilian Pulp and Paper Association), REFLORE (the Association of Mato Grosso do Sul Reforestation Companies) and IPEF (Institute for Forestry Studies and Research)
Suppliers ·      Code of Conduct and Ethics
Shareholders and investors

 

 ·      Maintain close and frequent relationships with shareholders, primarily via phone or video-calls (Microsoft Teams)

·      Manage concerns reported by shareholders and share information on business results and operating performance
Employees

 

 ·      Periodic communications on results, collective bargaining agreements, internal communications via Intranet, internal memos, periodic newsletters, PA systems on shuttle buses, and visual management dashboards

·      Training and skills building, communication of job openings and internal recruiting, compensation and benefits

·      Offering performance incentives such as rewards for innovation projects and variable compensation programmes

·      Monitor concerns reported by employees to ensure the continued growth and development of the workforce, while also improving quality of life for Eldorado Brasil’s people and their families
Forestry Partners

 

 ·      Annual meeting with forest partners and telephone contacts

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

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

  • Creating economic value for employees
  • In 2021, Eldorado Brasil paid R$ 386,389.00 for employee wages and benefits.
  • Creating economic value for providers of capital
  • In 2021, Eldorado Brasil paid R$ 1,165,247.00 to providers of capital.
  • Creating economic value for the government
  • In 2021, Eldorado Brasil paid R$ 606,405.00 to the government.
  • Creating economic value for shareholders
  • In 2021, Eldorado Brasil paid R$ 879,762.00 in interest on equity.

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 Eldorado Brasil, 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.eldoradobrasil.com.br/wp-content/uploads/2022/12/sustainability-report-2021-eldorado.pdf

Note to Eldorado Brasil: 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.

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]]> Case study: How CLC creates economic value for its stakeholders https://sustaincase.com/case-study-how-clc-creates-economic-value-for-its-stakeholders/ Fri, 12 Apr 2024 06:03:21 +0000 https://sustaincase.com/?p=18819 Established on February 4, 1959, Cheng Loong Corporation (CLC) is one of the world’s top 100 paper companies, specialising in papermaking and paper converting. Pursuing a sustainable green future with its stakeholders, including employees, investors, customers, suppliers, government entities and local communities, creating sustainable value for all, is a top priority for CLC. This case study is based on the 2021 Sustainability Report by CLC, 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 […]

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]]> Established on February 4, 1959, Cheng Loong Corporation (CLC) is one of the world’s top 100 paper companies, specialising in papermaking and paper converting. Pursuing a sustainable green future with its stakeholders, including employees, investors, customers, suppliers, government entities and local communities, creating sustainable value for all, is a top priority for CLC.

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

CLC seeks to generate, through its operations, long-term value for employees, funders and other stakeholders.  Tweet This! In order to create economic value for its stakeholders CLC took action to:

  • create economic value for employees
  • create economic value for funders
  • create economic value for the government
  • create economic value for society

What are the material issues the company has identified?  

In its 2021 Sustainability Report CLC identified a range of material issues, such as ethical corporate management, sustainable products & development, air quality management. Among these, creating economic value for its stakeholders stands out as a key material issue for CLC.

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 CLC engages with: 

Stakeholder Group                Method of engagement
Employees

 

 ·      Department meeting

·      Factory meeting

·      Enterprise union

·      Labour conference

·      Welfare committee

·      Year-end meeting

·      CLC bimonthly journal

·      EIP, Grievance mailbox, etc.

·      Proposal system

·      Employee Opinion Survey

·      Education and training

·      HSE talks & health promotion activities
Customers

 

 ·      Instant customer service hotline

·      Instant customer compliant E-Management system

·      Customer satisfaction survey

·      Innovative technical description

·      Business description

·      Customer meeting
Shareholders/Investors/ Financial Institutions

 

 ·      Spokesperson and stock affairs

·      Shareholders’ meeting

·      Institutional Investor Conference

·      Investor Related meetings

·      Reply the phone&email

·      Financial Statements

·      Annual report

·      MOPS

·      Company website
Suppliers/Contractors

 

 

 ·      Real-time supplier management system

·      Supplier audit and evaluation meeting

·      Suppliers’ visits

·      Supplier self-assessment questionnaire

·      Supplier ethics advocacy

·      Supplier ESH education and training activities

·      Supplier guidance

·      Supplier ESG conference
Government/Industry Associations

 

 ·      Official document exchanges and visits

·      Face-to-face interviews, phone calls to provide industry experience and suggestions

·      Meetings

·      Public association communication platform
Society

 

 ·      Face-to-face, email, telephone interviews

·      Cheng Huotien Charity Foundation

·      Cheng Loong Children’s Care Foundation

·      Press conferences, advertisements, press releases

·      Symposium

·      Local community activities

·      Factory visits

·      e-Newsletter

·      ESG area of CLC Website

How stakeholder engagement was made to identify material issues

To identify and prioritise material topics CLC engaged with its stakeholders through questionnaires, collecting 1,319 responses.

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

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

  • Creating economic value for employees
  • In 2021, CLC paid NT$ 4,374,689 thousand for employee salaries and benefits.
  • Creating economic value for funders
  • In 2021, CLC paid NT$ 2,141,477 thousand to funders.
  • Creating economic value for the government
  • In 2021, CLC paid NT$ 1,070,794 thousand to the government.
  • Creating economic value for society
  • In 2021, CLC spent NT$ 15,477 thousand in social expenditures.

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 CLC, 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.clc.com.tw/_upload/files/2021ESG_EN.pdf

Note to CLC: 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.

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]]> Case study: How the Burgo Group creates economic value for its stakeholders https://sustaincase.com/case-study-how-the-burgo-group-creates-economic-value-for-its-stakeholders/ Wed, 10 Apr 2024 06:07:18 +0000 https://sustaincase.com/?p=18808 With over 3,125 employees operating in 11 plants, Burgo Group S.p.A. is the industrial holding of a Group operating in the paper production and distribution sector, mainly in the graphic paper segment and the cardboard and specialty papers segments. The Burgo Group seeks to generate value with the aim of benefiting all the people who are part of the Group, as well as the local communities in which the Group has the opportunity to develop. This case study is based on the 2021 Sustainability Report by the Burgo Group, prepared in accordance with the GRI Standards, that can be found at […]

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]]> With over 3,125 employees operating in 11 plants, Burgo Group S.p.A. is the industrial holding of a Group operating in the paper production and distribution sector, mainly in the graphic paper segment and the cardboard and specialty papers segments. The Burgo Group seeks to generate value with the aim of benefiting all the people who are part of the Group, as well as the local communities in which the Group has the opportunity to develop.

This case study is based on the 2021 Sustainability Report by the Burgo 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 Burgo Group reached € 1,809 million.  Tweet This! In order to create economic value for its stakeholders the Burgo Group took action to:

  • create economic value for employees
  • create economic value for equity providers
  • create economic value for local authorities
  • create economic value for communities

What are the material issues the company has identified?  

In its 2021 Sustainability Report the Burgo Group identified a range of material issues, such as good corporate governance, risk management, occupational health and safety, respect and protection of the environment. Among these, creating economic value for its stakeholders stands out as a key material issue for the Burgo 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 Burgo Group engages with:

Stakeholder Group                Method of engagement
Shareholders

 

 ·      Website

·      Dedicated meetings

·      Financial statements

·      Sustainability report

·      Social Network
Institutions ·      Website

·      Dedicated meetings

·      Direct contacts
Customers and suppliers

 

 ·      Sustainability report

·      Financial statements

·      Website

·      Dedicated meetings

·      Social Network
The community

 

 

 ·      Sustainability report

·      Financial statements

·      Website

·      Dedicated meetings

·      Social Network
People of the Burgo Group

 

 ·      Sustainability report

·      Website

·      Dedicated meetings

·      Walls

·      Newsletters

·      Social network
Financial community

 

 ·      Sustainability report

·      Website

·      Social Network

How stakeholder engagement was made to identify material issues

To identify and prioritise material topics the Burgo Group engaged with its stakeholders through an online survey.

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

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

  • Creating economic value for employees
  • In 2021, the Burgo Group paid €/000 177,965 for employee salaries and benefits.
  • Creating economic value for equity providers
  • In 2021, the Burgo Group paid €/000 12,170 to equity providers.
  • Creating economic value for local authorities
  • In 2021, the Burgo Group paid €/000 16,407 to local authorities.
  • Creating economic value for communities
  • In 2021, the Burgo Group spent €/000 106 in investments in 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:

 

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 Burgo 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.burgo.com/sites/default/files/bilanci/bg_csr_2021_en_0.pdf

Note to the Burgo 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 Burgo Group creates economic value for its stakeholders appeared first on SustainCase - Sustainability Magazine.

]]> Case study: How Nordic Paper creates economic value for its stakeholders https://sustaincase.com/case-study-how-nordic-paper-creates-economic-value-for-its-stakeholders/ Mon, 08 Apr 2024 06:09:25 +0000 https://sustaincase.com/?p=18787 Nordic Paper has produced paper in Scandinavia since the end of the 1800s and is, today, a world-leading producer of two types of high-quality speciality paper: kraft paper and natural greaseproof paper, which are used in a multitude of application areas. Nordic Paper seeks to make sure that production is operated as responsibly as possible by minimising resource use and emissions to air and water, while maximising value-creation for customers, employees and all other stakeholders. This case study is based on the 2021 Annual and Sustainability Report by Nordic Paper, prepared in accordance with the GRI Standards, that can be found […]

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]]> Nordic Paper has produced paper in Scandinavia since the end of the 1800s and is, today, a world-leading producer of two types of high-quality speciality paper: kraft paper and natural greaseproof paper, which are used in a multitude of application areas. Nordic Paper seeks to make sure that production is operated as responsibly as possible by minimising resource use and emissions to air and water, while maximising value-creation for customers, employees and all other stakeholders.

This case study is based on the 2021 Annual and Sustainability Report by Nordic Paper, 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

Nordic Paper works in cooperation with its stakeholders up and down the value chain to create success, and generate sustainable, long-term value for all.  Tweet This! In order to create economic value for its stakeholders Nordic Paper took action to:

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

What are the material issues the company has identified?

In its 2021 Annual and Sustainability Report Nordic Paper identified a range of material issues, such as tax compliance, preventing forced or child labour, environmental compliance, emissions reduction. Among these, creating economic value for its stakeholders stands out as a key material issue for Nordic Paper.

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 Nordic Paper engages with:

Stakeholder Group
Investors
Owners
Customers
End-consumers
Suppliers
Politicians
Employees
People living in the vicinity of production plants

How stakeholder engagement was made to identify material issues

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

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

In its 2021 Annual and Sustainability Report Nordic Paper reports that it took the following actions for creating economic value for its stakeholders:

  • Creating economic value for employees
  • In 2021, Nordic Paper paid SEKm 519 in personnel expenses.
  • Creating economic value for suppliers
  • In 2021, Nordic Paper paid SEKm 2,232 to suppliers.
  • Creating economic value for lenders
  • In 2021, Nordic Paper paid SEKm 22 in interest to lenders.
  • Creating economic value for shareholders
  • In 2021, Nordic Paper paid SEKm 134 in dividends to shareholders.
  • Creating economic value for the state
  • In 2021, Nordic Paper paid SEKm 48 in tax.

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 Nordic Paper, 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.nordic-paper.com/sites/default/files/2022-04/Annual report and sustainability report 2021.pdf

Note to Nordic Paper: 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 Nordic Paper creates economic value for its stakeholders appeared first on SustainCase - Sustainability Magazine.

]]> Case study: How Sofidel creates economic value for its stakeholders https://sustaincase.com/case-study-how-sofidel-creates-economic-value-for-its-stakeholders/ Fri, 05 Apr 2024 06:03:26 +0000 https://sustaincase.com/?p=18770 Sofidel Group was founded in 1966 and is one of the largest producers of paper for hygienic and domestic uses (tissue) in the world: toilet paper, kitchen towels, napkins, handkerchiefs and tissues. Sofidel’s business model combines sustainability and innovation, two key levers that drive change, promote new market opportunities, and create shared value for all its stakeholders. This case study is based on the 2021 Integrated Report by Sofidel, 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) […]

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]]> Sofidel Group was founded in 1966 and is one of the largest producers of paper for hygienic and domestic uses (tissue) in the world: toilet paper, kitchen towels, napkins, handkerchiefs and tissues. Sofidel’s business model combines sustainability and innovation, two key levers that drive change, promote new market opportunities, and create shared value for all its stakeholders.

This case study is based on the 2021 Integrated Report by Sofidel, 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 shared value with a strategic, global, multi-stakeholder approach is a top priority for Sofidel.  Tweet This! In order to create economic value for its stakeholders Sofidel took action to:

  • create economic value for employees
  • create economic value for suppliers
  • create economic value for capital suppliers
  • create economic value for public administrations
  • create economic value for the community

What are the material issues the company has identified?

In its 2021 Integrated Report Sofidel identified a range of material issues, such as climate change and reduction of emissions into the atmosphere, health and safety of workers, ethics and transparency, respect for human rights. Among these, creating economic value for its stakeholders stands out as a key material issue for Sofidel.

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 Sofidel engages with:

Stakeholder Group                Method of engagement (Inform)
Environment

 

 

 ·      Voluntary disclosure initiatives

·      Product environmental information

·      Adhesion to stakeholder initiatives to collect information

·      Website, social media, corporate newsletter

·      Intranet

·      Certification bodies

·      Sofidel internal committees
Shareholders ·      Consolidated Financial Statements and Report on Operations

·      Integrated Report

·      Corporate website

·      Financial solidity and sustainability
Community

 

 ·      Corporate website

·      Integrated Report

·      Giuseppe Lazzareschi Foundation website

·      PR and social media

·      Soft & Green blog
Financial community

 

 ·      Consolidated Financial Statements and Report on Operations

·      Integrated Report

·      Corporate website

·      Bank Meetings

·      Information on request

·      PR
Consumers and customers

 

 ·      Newsletter

·      Corporate website

·      Commercial and service sites

·      Social media

·      SofidelShop

·      Sales documentation

·      Communication campaigns

·      Integrated Report
Trade suppliers

and partners

 ·      Corporate website

·      Supplier guidelines

·      Integrated Report

·      Dedicated website for suppliers

·      Future Magazine
Institutions ·      Corporate website

·      Integrated Report

·      Social media, PR media and events

·      Soft & Green blog
Sofidel Group people ·      Intranet Portal

·      Communications from top management

·      Integrated Report

·      Group organisational communications

·      ‘People & Paper’ House Organ

·      Sofidel Informa/ News

·      Distribution of HR guidelines, policy and procedures

·      Sofidel Channel

·      Soft & Green blog

How stakeholder engagement was made to identify material issues

To identify and prioritise material topics Sofidel engaged with its stakeholders through one-on-one interviews and a workshop.

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

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

  • Creating economic value for employees
  • In 2021, Sofidel paid 366,663 thousand Euros to employees.
  • Creating economic value for suppliers
  • In 2021, Sofidel paid 1,523,068 thousand Euros to suppliers.
  • Creating economic value for capital suppliers
  • In 2021, Sofidel paid 33,098 thousand Euros to capital suppliers.
  • Creating economic value for public administrations
  • In 2021, Sofidel paid 29,054 thousand Euros to public administrations.
  • Creating economic value for the community
  • In 2021, Sofidel spent 1,248 thousand Euros for 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:

 

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 Sofidel, 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://integrated-report.sofidel.com/site/assets/files/1/report_sofidel2021_eng.pdf

Note to Sofidel: 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 Sofidel creates economic value for its stakeholders appeared first on SustainCase - Sustainability Magazine.

]]> Case study: How UPM creates economic value for its stakeholders https://sustaincase.com/case-study-how-upm-creates-economic-value-for-its-stakeholders/ Wed, 03 Apr 2024 05:58:48 +0000 https://sustaincase.com/?p=17599 As a frontrunner in biomaterials, UPM provides renewable alternatives for fossil-based materials in everyday use, with products that enable its customers and consumers to make more sustainable choices. This case study is based on the 2022 Annual Report by UPM, 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 In 2022, the economic value distributed by UPM […]

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

]]> As a frontrunner in biomaterials, UPM provides renewable alternatives for fossil-based materials in everyday use, with products that enable its customers and consumers to make more sustainable choices. UPM is strongly committed to continuously improving its economic and social performance, creating sustainable value for all its stakeholders.  Tweet This!

This case study is based on the 2022 Annual Report by UPM, 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 2022, the economic value distributed by UPM reached EUR 10,607 million. In order to create economic value for its stakeholders UPM took action to:

  • create economic value for employees
  • create economic value for providers of loans
  • create economic value for shareholders
  • create economic value for governments

What are the material issues the company has identified?

In its 2022 Annual Report UPM identified a range of material issues, such as business ethics and value, responsible sourcing, climate change, diversity and inclusion. Among these, creating economic value for its stakeholders stands out as a key material issue for UPM.

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 UPM engages with:

Stakeholder Group
Customers
Communities
Current and future employees
Governments and regulators
Researchers
NGOs
Suppliers
Investors
Media

How stakeholder engagement was made to identify material issues

To identify and prioritise material topics UPM engaged with its stakeholders through customer and local community enquiries, counterparty and media screening, NGO concerns, investors’, governments’ and regulators’ agendas, and the UPM employee engagement survey.

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

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

  • Creating economic value for employees
  • In 2022, UPM paid EUR 1,181 million for employee wages and benefits.
  • Creating economic value for providers of loans
  • In 2022, UPM paid EUR 95 million to providers of loans.
  • Creating economic value for shareholders
  • In 2022, UPM paid EUR 693 million in dividends.
  • Creating economic value for governments
  • In 2022, UPM paid EUR 349 million in corporate income taxes and property 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 UPM, 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://user-fudicvo.cld.bz/UPM-Annual-Report-2022

Note to UPM: 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 UPM creates economic value for its stakeholders appeared first on SustainCase - Sustainability Magazine.

]]> Case study: How Corticeira Amorim creates economic value for its stakeholders https://sustaincase.com/case-study-how-corticeira-amorim-creates-economic-value-for-its-stakeholders/ Mon, 29 Jan 2024 07:00:40 +0000 https://sustaincase.com/?p=18625 Corticeira Amorim is one of the biggest, most entrepreneurial and dynamic multinationals of Portuguese origin. Its activity in the cork business dates back to 1870 and, today, Corticeira Amorim is the world leader of the sector. Corticeira Amorim’s business activity generates direct, indirect and induced economic value for the communities where it is present internationally, nationally, regionally and locally, including salaries paid to employees, investments in the community and payments to the state in the form of taxes, royalties and fees. This case study is based on the 2021 Sustainability Report by Corticeira Amorim, prepared in accordance with the GRI […]

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

]]> Corticeira Amorim is one of the biggest, most entrepreneurial and dynamic multinationals of Portuguese origin. Its activity in the cork business dates back to 1870 and, today, Corticeira Amorim is the world leader of the sector. Corticeira Amorim’s business activity generates direct, indirect and induced economic value for the communities where it is present internationally, nationally, regionally and locally, including salaries paid to employees, investments in the community and payments to the state in the form of taxes, royalties and fees.

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

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Abstract

In 2021, Corticeira Amorim generated economic value of €842 million, and distributed €755 million to its stakeholders.  Tweet This! In order to create economic value for its stakeholders Corticeira Amorim 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 2021 Sustainability Report Corticeira Amorim identified a range of material issues, such as emissions management, transparency and communication, customer satisfaction, research, development and innovation, energy efficiency and climate change. Among these, creating economic value for its stakeholders stands out as a key material issue for Corticeira Amorim.

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 Corticeira Amorim engages with:

To identify and prioritise material topics Corticeira Amorim engaged with its stakeholders through the following channels:

Stakeholder Group                Method of engagement
Shareholders and investors ·      General shareholders’ meeting

·      Meetings with investors and analysts

·      Periodic disclosure of evolution of the business

·      Annual reports & accounts

·      Sustainability report

·      Regular meetings and contacts

·      Responses to external requests

·      Visits to the cork oak forest and to Corticeira Amorim

·      Website

·      Social networks

·      Newsletter and Press releases

·      Information brochures
Customers ·      Sustainability report

·      Environmental education/awareness actions

·      Support for initiatives/projects

·      Satisfaction surveys

·      Participation in fairs and industry events

·      Awareness and technical support programmes

·      Cooperation agreements for RDI

·      Publication of technical articles

·      Working groups

·      Regular meetings and contacts

·      Various seminars and workshops

·      Responses to external requests

·      Visits to the cork oak forest and Corticeira Amorim

·      Website

·      Social networks

·      Newsletter and press releases

·      Information brochures
Employees ·      Sustainability report

·      Initiatives to defend the cork oak forest

·      Environmental education/awareness actions

·      Support for initiatives/projects

·      Satisfaction surveys

·      Information panels at the premises

·      Procedures and Policies

·      Intranet

·      Performance management systems

·      Various seminars and workshops

·      In-house thematic and awareness-raising initiatives

·      Responses to external requests

·      Visits to the cork oak forest and Corticeira Amorim

·      Website

·      Social networks

·      Newsletter and press releases

·      Information brochures

·      Periodic team meetings

·      Linkpeople (Human Resources ER)
Official and governmental entities ·      Periodic disclosure of the evolution of the business activity

·      Annual Report & Accounts

·      Sustainability report

·      Initiatives to defend the cork oak forest

·      Participation in trade fairs and industry events

·      RDI collaboration protocols

·      Publication of technical articles

·      Support for initiatives/projects

·      Satisfaction surveys

·      Awareness and technical support programmes

·      Working groups

·      Periodic meetings and contacts

·      General and sectoral meetings

·      Various seminars and workshops

·      Responses to external requests

·      Visits to the cork oak forest and Corticeira Amorim

·      Website

·      Social networks

·      Newsletter and press releases

·      Information brochures
Suppliers ·      Annual report & accounts

·      Sustainability report

·      Environmental education /awareness actions

·      Support for initiatives / projects

·      Selection and evaluation of suppliers

·      Participation in trade fairs and sectorial events

·      Awareness and technical support programmes

·      RDI collaboration protocols

·      Publication of technical articles

·      Working groups

·      Regular meetings and contacts

·      Seminars and various workshops

·      Responses to external requests

·      Visits to the cork oak forest and Corticeira Amorim

·      Website

·      Social networks

·      Newsletter and press releases

·      Information brochures
Media

 

 ·      Periodic disclosure of the evolution of the business activity

·      Annual report & accounts

·      Sustainability report

·      Support for initiatives / projects

·      Participation in trade fairs and sectorial events

·      Publication of technical articles

·      Responses to external requests

·      Visits to the cork oak forest and to Corticeira Amorim

·      Website

·      Social networks

·      Newsletter and press releases

·      Information brochures
NGO’s and community ·      Periodic disclosure of the evolution of the business activity

·      Annual report & accounts

·      Sustainability report

·      Initiatives to defend the cork oak forest and the environment

·      Environmental education / awareness actions

·      Community engagement initiatives

·      Support for initiatives / projects

·      RDI collaboration protocols

·      Working groups

·      Regular meetings and contacts

·      General and sectoral meetings

·      Seminars and various workshops

·      In-house thematic and awareness-raising initiatives

·      Responses to external requests

·      Visits to the cork oak forest and Corticeira Amorim

·      Website

·      Social networks

·      Newsletter and press releases

·      Information brochures
Partners and civil society ·      Sustainability report

·      Initiatives to defend the cork oak forest and the environment

·      Environmental education / awareness actions

·      Community engagement initiatives

·      Support for initiatives / projects

·      Participation in fairs and sectorial events

·      RDI collaboration protocols

·      Publication of technical articles

·      Working groups

·      Regular meetings and contacts

·      General and sectoral meetings

·      Seminars and various workshops

·      Responses to external requests

·      Visits to the cork oak forest and Corticeira Amorim

·      Website

·      Social networks

·      Newsletter and press releases

·      Information brochures

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

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

  • Creating economic value for employees
  • In 2021, Corticeira Amorim paid € 146,098 thousand for employee wages and benefits.
  • Creating economic value for providers of capital
  • In 2021, Corticeira Amorim paid € 39,580 thousand to providers of capital.
  • Creating economic value for the government
  • In 2021, Corticeira Amorim paid € 19,729 thousand to the government.
  • Creating economic value for communities
  • In 2021, Corticeira Amorim spent € 225 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 Corticeira Amorim, 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.amorim.com/xms/files/Sustentabilidade/Relatorio_de_Sustentabilidade_-Parte_do_RAC_2021-/2_EN_-_Relatorio_Sustentabilidade.pdf

Note to Corticeira Amorim: 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 Corticeira Amorim creates economic value for its stakeholders appeared first on SustainCase - Sustainability Magazine.

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