What are the material issues the company has identified?

In its 2022 ESG and Sustainability Report Cogeco identified a range of material issues, such as data security and privacy, customer experience, diversity and inclusion, community engagement and philanthropy. Among these, creating economic value for its stakeholders stands out as a key material issue for Cogeco.

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 Cogeco engages with:

Stakeholder Group

Customers

Shareholders

Employees

Suppliers

Communities

Governments

Providers of capital

How stakeholder engagement was made to identify material issues

To identify and prioritise material topics Cogeco engaged with more than 1,100 stakeholders through digital surveys and interviews.

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

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

• Creating economic value for employees
• In FY22, Cogeco paid $516M for employee wages and benefits.

• Creating economic value for suppliers
• In FY22, Cogeco paid $962M for goods and services purchased.

• Creating economic value for governments
• In FY22, Cogeco paid $39M in taxes.

• Creating economic value for providers of capital
• In FY22, Cogeco paid $164M in interests.

• Creating economic value for communities
• In FY22, Cogeco paid $17.4M in donations and sponsorships and $83.5M in network investments in underserved and unserved communities.

Which GRI Standards and corresponding Sustainable Development Goals (SDGs) have been addressed?

The GRI Standard addressed in this case is: Disclosure 201-1 Direct economic value generated and distributed

Disclosure 201-1 Direct economic value generated and distributed corresponds to:

• Sustainable Development Goal (SDG) 8: Decent Work and Economic Growth
• Targets: 8.1, 8.2
• Sustainable Development Goal (SDG) 9: Industry, Innovation and Infrastructure
• Targets: 9.1, 9.4, 9.5

 

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 Cogeco, 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://cdn.corpo.cogeco.com/cgo/5616/7776/8964/M821_ESG_2022_ENG_F.pdf

Note to Cogeco: 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.

What are the material issues the company has identified?

In its 2021 Sustainability Report GEDI identified a range of material issues, such as editorial responsibility and content quality, user satisfaction, digital transformation, privacy and data protection, business model in the media sector. Among these, creating economic value for its stakeholders stands out as a key material issue for GEDI.

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 GEDI engages with:

Stakeholder Group	Method of engagement
Market and financial community	·      Participation in conferences ·      Periodic meetings and specific events ·      Distribution of documentation
Public	·      Customer contact and feedback ·      Customer satisfaction surveys ·      Specific events ·      Interviews, focus groups ·      Engagement through website, social media, mailing list, etc.
Suppliers and business partners	·      Meetings and specific events ·      Partnerships, etc.
Community	·      Organisation of events in the local community ·      Events and public debates, etc. ·      Social media
Opinion leaders	·      Social media, events, debates, etc.
Personnel	·      Distribution of internal documentation ·      Company Intranet ·      Training ·      Themed discussion with management, etc.
Advertisers, business clients	·      Contact and feedback with different client categories
Institutions and regulatory bodies	·      Conferences, participation in meetings and consultations, etc.

How stakeholder engagement was made to identify material issues

To identify and prioritise material topics GEDI engaged with employee stakeholders through a survey and with the Group’s management through workshops.

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

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

• Creating economic value for employees
• In 2021, GEDI paid € 191.8 million for employee wages and salaries.

• Creating economic value for lenders
• In 2021, GEDI paid € 7.3 million to lenders.

• Creating economic value for the public administration
• In 2021, GEDI paid € 4.8 million in taxes.

Which GRI Standards and corresponding Sustainable Development Goals (SDGs) have been addressed?

The GRI Standard addressed in this case is: Disclosure 201-1 Direct economic value generated and distributed

Disclosure 201-1 Direct economic value generated and distributed corresponds to:

• Sustainable Development Goal (SDG) 8: Decent Work and Economic Growth
• Targets: 8.1, 8.2
• Sustainable Development Goal (SDG) 9: Industry, Innovation and Infrastructure
• Targets: 9.1, 9.4, 9.5

 

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 GEDI, 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.gedi.it/en/responsibility/sustainability-report

Note to GEDI: 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.

What are the material issues the company has identified? 

In its 2021 Annual Report Sanoma identified a range of material issues, such as ethical business conduct, high quality learning content, diversity, equal opportunities and pay, energy and emissions. Among these, creating economic value for its stakeholders stands out as a key material issue for Sanoma.

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 Sanoma engages with:  

Stakeholder Group

Consumers and customers

Employees and freelancers

Supply chain partners

Analysts and shareholders

Governmental organisations: policymakers and legislators

Non-governmental organisations and industry associations

Other such as local communities, universities and research organisations

How stakeholder engagement was made to identify material issues

To identify and prioritise material topics Sanoma engaged with its stakeholders by organising internal and external online events and meetings, conducting surveys on chosen topics and taking part in seminars and events.

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

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

• Creating economic value for employees
• In 2021, Sanoma paid EUR 351 million for employee wages and benefits.

• Creating economic value for shareholders
• In 2021, Sanoma paid EUR 88 million in dividends to shareholders.

• Creating economic value for providers of capital
• In 2021, Sanoma spent EUR 9 million in payments to providers of capital.

• Creating economic value for the government
• In 2021, Sanoma spent EUR 89 million in payments to government (income tax, real estate tax, employer charges).

• Creating economic value for communities
• In 2021, Sanoma spent EUR 1 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:

• Sustainable Development Goal (SDG) 8: Decent Work and Economic Growth
• Targets: 8.1, 8.2
• Sustainable Development Goal (SDG) 9: Industry, Innovation and Infrastructure
• Targets: 9.1, 9.4, 9.5

 

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 Sanoma, 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.sanoma.com/globalassets/wp-content/uploads/2022/03/sanoma_annual-report-2021.pdf

Note to Sanoma: 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.

What are the material issues the company has identified?

In its 2020 Sustainability Report the Mediaset Group identified a range of material issues, such as human resources development and management, audience satisfaction, quality, integrity and continuity of service, intellectual property protection. Among these, creating economic value for its stakeholders stands out as a key material issue for the Mediaset 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 Mediaset Group engages with:

Stakeholder Group

Investors, shareholders and financial community

Users and Customers

Employees

Suppliers, subcontractors

Artistic resources, business partners, Content suppliers

PA, government and control bodies

Trade unions

Sectoral organisations

University and research centres

Local Community

Media and opinion leaders

How stakeholder engagement was made to identify material issues

To identify and prioritise material topics the Mediaset Group engaged with its stakeholders through workshops and online surveys.

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

In its 2020 Sustainability Report the Mediaset Group reports that it took the following actions for creating economic value for its stakeholders:

• Creating economic value for suppliers
• In 2020, the Mediaset Group paid €1,850.8 million to suppliers (value distributed to external suppliers inclusive of purchase costs, services, other costs and amortisation of tangible and intangible property).

• Creating economic value for employees
• In 2020, the Mediaset Group paid €470.1 million to employees.

• Creating economic value for the public administration
• In 2020, the Mediaset Group paid €74.9 million to the public administration.

• Creating economic value for third party shareholders
• In 2020, the Mediaset Group paid €80.0 million to third party shareholders.

• Supporting communities
• In 2020, the Mediaset Group spent €1.3 million in charity.

Which GRI Standards and corresponding Sustainable Development Goals (SDGs) have been addressed?

The GRI Standard addressed in this case is: Disclosure 201-1 Direct economic value generated and distributed

Disclosure 201-1 Direct economic value generated and distributed corresponds to:

• Sustainable Development Goal (SDG) 8: Decent Work and Economic Growth
• Targets: 8.1, 8.2
• Sustainable Development Goal (SDG) 9: Industry, Innovation and Infrastructure
• Targets: 9.1, 9.4, 9.5

 

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 Mediaset 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.mfemediaforeurope.com/binary/documentRepository/95/Mediaset Group – Non Financial Disclosure 2020_1511.pdf

Note to the Mediaset 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.

What are the material issues the company has identified?

In its 2019 Sustainability Report Schibsted identified a range of material issues, such as privacy and protection of user data, responsible marketing, fair business practices, energy use and greenhouse gas emissions. Among these, promoting workplace diversity stands out as a key material issue for Schibsted.

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 Schibsted engages with:  

Stakeholder Group	Method of engagement
Users and readers	·      Web surveys to selected brands
Corporate customers (advertisers and business partners)	·      Interviews with randomly selected customers
Employees	·      Web survey to all employees
Investors	·      Interviews with main investors
Board	·      Interview and web surveys
Regulators (National and EU)	·      Desktop analysis
Analysts & rating agencies	·      Analysis of inquiries
Media	·      Desktop analysis
Potential employees	·      Desktop analysis ·      Reports from employer branding agencies
Industry associations (National and international)	·      Desktop analysis

How stakeholder engagement was made to identify material issues

To identify and prioritise material topics Schibsted engaged with its stakeholders through a combination of interviews, inquiries and surveys.

What actions were taken by Schibsted to promote workplace diversity?

In its 2019 Sustainability Report Schibsted reports that it took the following actions for promoting workplace diversity:

• Combatting harassment
• As clearly stated in its Code of Conduct and in its Discrimination, Bullying and Harassment Policy, Schibsted has zero tolerance for harassment of any kind. This includes all forms of verbal, digital or physical harassment. Schibsted’s Code of Conduct includes a link to a whistle-blowing function called Speak Up that enables anonymous reporting on misconduct, breaches or potential violations. The Speak Up function is handled by an external party to secure the anonymity and personal integrity of employees.

• Providing training
• To ensure a diverse, inclusive and non-discriminatory workplace where all employees enjoy equal opportunities and feel safe at work, Schibsted offers unconscious bias training. To make itself aware of the biases it might have in its product development, Schibsted also offers unconscious bias training for algorithmic bias. During 2019, 183 employees participated in Schibsted’s unconscious bias training.

• Implementing policies on diversity and equality
• During 2018 Schibsted launched several policies on diversity and equality. In 2019 Schibsted focused on education and implementation of the policies in its everyday business operations. The new recruitment policy promotes diversity and inclusion by encouraging managers to build diverse teams. Processes should be equal, fair, unbiased and inclusive. Managers should aim for gender equality in all longlists, shortlists and final interviews. All candidates should meet at least one female and one male interviewer. Implementation of and training in these policies continued in 2020.
• Promoting gender equality
• Schibsted’s Board is composed of 40 percent women, as required by the Norwegian Limited Liabilities Companies Act. Schibsted has set clear goals against which actual progress is measured. There are long-term and short-term goals on improving gender equality, for both divisions and group functions. Schibsted set a target of a 60:40 gender ratio in all leadership roles by the end of 2020. By 31 December 2019, the share of females in top management positions was 38 percent. The proportion of females in other managers increased from 37 percent to 42 percent. In 2018 Schibsted performed a mapping of a potential gender pay gap in parts of the Group. The mapping revealed a gender pay gap for average pay levels, but this was largely attributed to more women working in low-pay positions (such as support) and to more men in leadership and specialist positions. In 2019 Schibsted focused on setting up a common process for performing an annual mapping of a potential gender pay gap for all Schibsted companies in Sweden. The aim is not only to make mapping of a potential gender pay gap easier, but also to improve quality and find better tools for performing comparisons and analyses across the Group. The HR departments in each company are responsible for this process, partnering with the Compensation and Benefit department to provide support in discussions on conclusions as well as on regulations and methods. To support its development and analysis in this area, Schibsted cooperates with the trade unions and has implemented a new online tool. In addition to identifying salary differences between genders, Schibsted also takes a closer look at the gender balance in managerial positions professions or divisions. With this new set-up Schibsted has seen an improvement in the quality of a potential gender pay gap mapping and an increase in the number of companies that have conducted these investigations. Schibsted is also a member of a non-profit organisation called #SheGotThis, which was founded in 2015 with the aim of addressing gender stereotypes and unconscious discrimination in society. In 2019 several of the Norwegian companies submitted their equality figures to a software programme and received an analysis of the status of equality in their respective companies along with a list of actions to improve equality.

• Appointing the first Head of Diversity, Inclusion and Belonging
• Schibsted recently appointed its first Head of Diversity, Inclusion and Belonging. With over 12 years of experience building diversity in society, Sumeet Singh Patpatia will be responsible for making sure that Schibsted has the right practices in place to attract and retain a workforce that is as diverse as its customers.

Which GRI Standards and corresponding Sustainable Development Goals (SDGs) have been addressed?

The GRI Standard addressed in this case is: Disclosure 405-1 Diversity of governance bodies and employees

Disclosure 405-1 Diversity of governance bodies and employees corresponds to:

• Sustainable Development Goal (SDG) 5: Gender Equality
• Targets: 5.1, 5.5
• Sustainable Development Goal (SDG) 8: Decent Work and Economic Growth
• Targets: 8.5

 

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:

1) This case study is based on published information by Schibsted, 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 original on the Global Reporting Initiative’s Sustainability Disclosure Database at the link:

http://database.globalreporting.org/

2) https://www.globalreporting.org/standards/gri-standards-download-center/

Note to Schibsted: 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.

What are the material issues the company has identified?

In its 2019 Impact Report Bloomberg identified a range of material issues, such as customer privacy/ data security, employee engagement/ diversity & inclusion, energy, risk management/ compliance. Among these, supporting global communities through education and training initiatives stands out as a key material issue for Bloomberg.

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 Bloomberg engages with:

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

Stakeholder Group	Method of engagement
Customers	·      Bloomberg Professional Services annual customer survey ·      Market research ·      Customer education ·      Help desk tickets ·      Sales visits ·      Market-led initiatives and events
Employees	·      Events and training ·      Emails and newsletters ·      Diversity & Inclusion Communities ·      Sustainability Squads, employee ambassador groups that promote sustainability activities locally
Suppliers	·      Supplier Code of Conduct ·      Sustainability requirements in relevant requests for proposal and master service agreements
Nongovernmental organisations (NGOs)	·      Nonprofit and industry group consultation and collaboration ·      Sustainability conferences ·      Newsletters and other publications

What actions were taken by Bloomberg to support global communities through education and training initiatives?

In its 2019 Impact Report Bloomberg reports that it took the following actions for supporting global communities through education and training initiatives:

• Promoting STEM skills
• Bloomberg believes in the power of data and technology and has developed programmes to use the skills of its employees to engage and educate the next generation, with Bloomberg engineers serving as mentors through a variety of Corporate Philanthropy programmes around the globe. In 2019, Bloomberg held regular Python coding workshops, designed and led by engineers in its New York City office, to make sure a diverse spectrum of students developed the skills they needed to unlock opportunity and drive progress. Bloomberg planned to expand this programme to its offices worldwide in 2020, and also hosted a Girls Go Tech boot camp in its Hong Kong office, helping to inspire female students to consider careers in STEM (Science, Technology, Engineering and Mathematics). Additionally, through FIRST Robotics, Bloomberg’s engineers coached teams of high school students in a year-long project to design, build, code and operate robots to compete in a series of challenges.

• Increasing access to financial careers
• Bloomberg is committed to making the world of finance more accessible and diverse and, in 2019, launched Girls Take Wall Street, a day of workshops, panel discussions and motivational talks for high school girls with women leaders in finance and business, including Bloomberg employees. Bloomberg then expanded the Girls Take Finance programme to Mumbai and Ahmedabad and made plans to expand to 12 cities globally in 2020. Bloomberg also launched the Bloomberg Startup Diverse Leaders programme in London, connecting 28 high-potential economics and business students from underrepresented communities with mentors from Bloomberg’s Black Professional and Pan-Asian employee communities.

• Providing financial journalism training
• Bloomberg’s Global Business and Financial Journalism Training Programme includes a range of courses designed to strengthen reporting on financial markets and global economies around the world, including in China, India, Dubai and several African countries. The programme includes: academic/university-affiliated curriculum leading to a completion certificate or a master’s or undergraduate degree; training for working journalists and college students co-designed by Bloomberg reporters and editors; and community and philanthropy partnerships focused on increasing interest in journalism careers and diversity in business journalism. In 2019, the Global Business and Financial Journalism Training Programme trained a total of 252 students. A key initiative of the programme is the Bloomberg Media Initiative Africa (BMIA) financial journalism training programme, a six-month course that, since 2014, has trained 652 journalists and mid-level professionals from 14 African countries. In 2019, Bloomberg expanded the programme to five new countries — Ghana, Zambia, Senegal, Côte d’Ivoire and Tanzania —, graduating 84 journalists from Ghana and Zambia.

Which GRI Standards and corresponding Sustainable Development Goals (SDGs) have been addressed?

The GRI Standard addressed in this case is: Disclosure 413-1 Operations with local community engagement, impact assessments, and development programs

Disclosure 413-1 Operations with local community engagement, impact assessments, and development programs does not correspond to any SDG.

 

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.

 

 

 

FBRH GRI Standards Certified & ISEP recognised Sustainability Course | Venue: London LSE

By registering for the next 2-day FBRH GRI Standards Certified & ISEP recognised course you will be taking the first step in gaining the many benefits of sustainability reporting.

 

References:

1) This case study is based on published information by Bloomberg, 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 original on the Global Reporting Initiative’s Sustainability Disclosure Database at the link:

http://database.globalreporting.org/

2) https://www.globalreporting.org/standards/gri-standards-download-center/

Note to Bloomberg: 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.

What are the material issues the company has identified?

In its 2018 Sustainability Report Mediaset identified a range of material issues, such as economic performance, customer satisfaction, responsible management of suppliers, intellectual property protection. Among these, promoting employee welfare and well-being stands out as a key material issue for Mediaset.

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 Mediaset engages with:

Stakeholder Group

Investors, shareholders and financial community

Users and Customers

Employees

Suppliers, subcontractors

Artistic resources, business partners, Content suppliers

PA, government and control bodies

Trade unions

Sectoral organisations

University and research centres

Local Community

Media and opinion leaders

How stakeholder engagement was made to identify material issues

To identify and prioritise material topics Mediaset engaged with key stakeholders – advertising investors, service and content suppliers, TV agents, financial analysts and Group employees – through workshops and online surveys.

What actions were taken by Mediaset to promote employee welfare and well-being?

In its 2018 Sustainability Report Mediaset reports that it took the following actions for promoting employee welfare and well-being:

• Promoting work-life balance for employees
• For over ten years, Mediaset’s Mediacenter has been active at the Milan and Rome offices, aiming to facilitate a better balance between employees’ professional and personal life. Mediacenter is an area on company premises that includes a series of useful and concrete services for improving the quality of life of people working for the Group. With an area of 3,000 square metres, Mediacenter is considered one of the most useful and welcoming welfare stores in Italy. The services offered, managed by external operators selected for their specific experience in the areas of reference, concern people care and activities necessary for family management, including the following:
  • medical centre, which provides the medical services of specialists from the San Raffaele Hospital to employees, free of charge
  • fitness centre
  • mini market
  • laundry/tailoring repair services
  • bank
  • post office
  • bookshop
  • travel agency
  • parapharmacy
  • shopping area
  • catering (bar, sandwich bar and restaurant)

• Safeguarding maternity and return to work after childbirth
• Mediaset safeguards maternity and return to work after the birth of children thanks to an important corporate initiative, the Nursery, which, since 2004, can accommodate the children of employees up to 3 years of age. This solution allows parents to entrust their children to specialised educators at the workplace during working hours, avoiding the need to sacrifice time and money on the care and custody of their children.

• Offering employee benefits
• The benefits envisaged for Mediaset Group employees in Italy are, mainly, of a social security and welfare nature. For all employees, there is a supplementary health care plan, 24-hour injury insurance policy and the supplementary pension fund. Mediaset also guarantees integration of the statutory remuneration provided for maternity for all its employees. For senior managers, in addition to these benefits, life and permanent disability insurance due to illness, as well as company cars depending on the role held, are also envisaged.

• Promoting workplace flexibility
• Mediaset has always identified and implemented specific tools that facilitate the reconciliation of time dedicated to private and professional life, facilitating the equilibrium between demand and supply of flexibility in the workplace, in line with the needs and opportunities that characterise the television business. Accordingly, trade union organisations have established, in agreements, a variety in working hours that meets company and staff needs on a flexible basis. In particular, unless otherwise required for operational reasons by organisational units, most employees can start work between 9.00 and 10.30, while other personnel in production areas have a 7-hour rather than an 8-hour working day. Moreover, from an operational point of view, reductions in working hours are generally granted to personnel requesting this in all the areas of the company, in the presence of the technical and organisational conditions and where the job permits so. To date, 332 people in the Mediaset Group have benefited from a part-time contract, 85% of whom are women. Reductions in working hours are used to a large extent by female workers who, after returning from maternity leave, ask for a reorganisation of their working life, benefiting from a few hours more each day to dedicate to their private life.

Which GRI Standards and corresponding Sustainable Development Goals (SDGs) have been addressed?

The GRI Standard addressed in this case is: Disclosure 401-2 Benefits provided to full-time employees that are not provided to temporary or part-time employees

Disclosure 401-2 Benefits provided to full-time employees that are not provided to temporary or part-time employees corresponds to:

• Sustainable Development Goal (SDG) 8: Promote sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all
• Business theme: Earnings, wages and benefits

 

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:

1) This case study is based on published information by Mediaset, 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 original on the Global Reporting Initiative’s Sustainability Disclosure Database at the link:

http://database.globalreporting.org/

2) https://www.globalreporting.org/standards/gri-standards-download-center/

Note to Mediaset: 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.

What are the material issues the company has identified?

In its 2016 Sustainability Report ProSiebenSat.1 identified a range of material issues, such as digitalisation and innovation, climate and environmental protection, public value, employees and diversity. Among these, promoting integrity and compliance stands out as a key material issue for ProSiebenSat.1.

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 organization should identify its stakeholders, and explain how it has responded to their reasonable expectations.”

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 ProSiebenSat.1 engages with:

Stakeholder Group

Capital market

Employees

Audiences and users

Suppliers and service providers

Advertising customers and business partners

B2C customers

Media representatives

Society

How stakeholder engagement was made to identify material issues

To identify and prioritise material issues ProSiebenSat.1 carried out internal workshops, surveyed people in positions of responsibility in various specialist departments and conducted a dialogue with individual interest groups.

What actions were taken by ProSiebenSat.1 to promote integrity and compliance?

In its 2016 Sustainability Report ProSiebenSat.1 reports that it took the following actions for promoting integrity and compliance:

• Promoting data protection
• As a result of the increasing digitalisation of its business operations, ProSiebenSat.1 pays special attention to data protection. Accordingly, ProSiebenSat.1 applies a risk analysis, including compliance review regarding the introduction/amendment of automatic procedures for processing personal data, according to Section 4f of the German Federal Data Protection Act (BDSG). This is to effectively address data-protection-law requirements at an early stage. Additionally, ProSiebenSat.1 implements a process for the legal notification of data protection incidences (unlawful access to personal data by third parties). The process follows Section 42a BDSG and Section 15a of the German Teleservices Act (TMG).

• Implementing a Code of Compliance
• ProSiebenSat.1 applies a Code of Compliance, which includes fundamental guidelines and procedures regarding legal and ethical matters. The Code provides a framework for the Executive Board, the management and the company’s employees for dealing with each other and with business partners, customers, suppliers and other third parties. In addition, the Executive Board supports the Code of Compliance by providing appropriate compliance organisation, along with adequate and effective compliance programs that include consulting, training and measures derived from guidelines.

• Promoting compliance through a Compliance Board
• ProSiebenSat.1 has established a Compliance Board. This Board supports the Executive Board in the implementation, monitoring and strengthening of ProSiebenSat.1’s Compliance Management System (CMS). The Compliance Board meets once a month. Its permanent members are the Chief Compliance Officer (CCO), the Chief Financial Officer (CFO), the Executive Board member responsible for Legal and Compliance and the Head of Group Audit. The Board is responsible for deciding on the focus of the CMS, investigating matters and proposing sanctions. Accordingly, the focal points of ProSiebenSat.1’s CMS are combating corruption, antitrust and media law, and data protection.

Which GRI indicators/Standards have been addressed?

The GRI indicators/Standards addressed in this case are:

1) G4-56: Describe the organization’s values, principles, standards and norms of behavior such as codes of conduct and codes of ethics – the updated GRI Standard is: Disclosure 102-16 Values, principles, standards, and norms of behavior

2) G4-SO3: Total number and percentage of operations assessed for risks related to corruption and the significant risks identified – the updated GRI Standard is: Disclosure 205-1 Operations assessed for risks related to corruption

3) G4-SO4: Communication and training on anti-corruption policies and procedures – the updated GRI Standard is: Disclosure 205-2 Communication and training about anti-corruption policies and procedures

4) G4-SO5: Confirmed incidents of corruption and actions taken – the updated GRI Standard is: Disclosure 205-3 Confirmed incidents of corruption and actions taken

5) G4-PR8: Total number of substantiated complaints regarding breaches of customer privacy and losses of customer data – the updated GRI Standard is: Disclosure 418-1 Substantiated complaints concerning breaches of customer privacy and losses of customer data

 

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:

1) This case study is based on published information by ProSiebenSat.1, 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 original on the Global Reporting Initiative’s Sustainability Disclosure Database at the link:

http://database.globalreporting.org/

2) http://www.fbrh.co.uk/en/global-reporting-initiative-gri-g4-guidelines-download-page

3) https://g4.globalreporting.org/Pages/default.aspx

4) https://www.globalreporting.org/standards/gri-standards-download-center/

Note to ProSiebenSat.1: 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.

What are the material issues the company has identified?

In its 2016 Sustainability Report Media Prima identified a range of material issues, such as training and education, occupational safety and health, employee engagement, marketing and communication, customer privacy. Among these, promoting ethical business conduct stands out as a key material issue for Media Prima.

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 organization should identify its stakeholders, and explain how it has responded to their reasonable expectations.”

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 Media Prima engages with:   

Stakeholder Group	Method of engagement
Customers	·         Customer satisfaction surveys ·         Customer complaints tools ·         Social media ·         Websites
Shareholders & Investors	·         Results announcement meetings ·         Annual General Meetings ·         Regular updates and communication ·         Investor road shows
Interest Groups	·         Regular and ad-hoc meetings ·         Official launches ·         Events ·         Open dialogues ·         Interviews, press releases and websites
Industry Peers	·         Conferences and meetings ·         Industry workshops ·         Networking events
Value Chain Partners	·         Contract bidding and procurement management ·         Training and talent management ·         Programme road shows ·         Programme licensing negotiations
Community and the Public	·         Financial and non-financial contributions ·         Philanthropic activities ·         Volunteerism programmes ·         Events and road shows
Employees	·         Employee satisfaction survey ·         Employees engagement programme ·         Internal communications such as newsletters, the intranet and updates ·         Events and functions ·         Employee grievance system
Regulatory Authorities	·         Regular communication ·         Reports and compliance ·         Periodical meetings ·         Regular environmental reporting to the DOE

How stakeholder engagement was made to identify material issues

To identify and prioritize material sustainability topics, Media Prima carried out a Stakeholders Materiality Survey through an external consultant, to guarantee impartiality and respondent anonymity. Stakeholders contacted by the company were asked to rate various corporate governance, economic, environmental and social issues according to importance and included customers, employees, interest groups, shareholders and investors, value chain partners, community and the public, industry peers and regulatory authorities.

What actions were taken by Media Prima to promote ethical business conduct?

In its 2016 Sustainability Report Media Prima reports that it took the following actions for promoting ethical business conduct:

• Protecting copyright
• Media Prima only uses software that has been developed by the company, licensed or provided by the developer. Moreover, Media Prima employees are asked to avoid:
  • duplicating material that is copyrighted, without the consent of the owner
  • copying software between machines without the owner’s documented authority
  • copying company software for use in computers not belonging to the company or for unauthorized purposes
  • installing, on desktop computers, unauthorized software

• Fighting bribery and corruption
• To operate according to the highest ethical standards Media Prima strictly forbids:
  • bribes, extravagant gifts or gratuities of any kind
  • gifts, loans or other advantages in return for sales or other advantageous arrangements
  • requesting or accepting gifts on behalf of the company
  • achieving profits except for regular compensation

• Averting conflicts of interest
• Media Prima employees are prohibited from working for or receiving payments for services from the company’s customers, competitors, distributors or suppliers without management’s approval. In addition, employees must report it immediately, if they find themselves in such a position.

• Combating anti-competitive practices
• Media Prima makes sure:
  • it complies with the Competition Act 2010, which is governed by the Malaysia Competition Commission (MyCC)
  • information on the company’s competitors is obtained legally
  • employees never use illegitimate or immoral methods to gain competitive advantage
  • employees sell the company’s products and services fairly and honestly, without using tactics that dishonestly undermine competitors’ products

Which GRI indicators/Standards have been addressed?

The GRI indicators/Standards addressed in this case are:

1) G4-SO4: Communication and training on anti-corruption policies and procedures – the updated GRI Standard is: Disclosure 205-2 Communication and training about anti-corruption policies and procedures

2) G4-SO5: Confirmed incidents of corruption and actions taken – the updated GRI Standard is: Disclosure 205-3 Confirmed incidents of corruption and actions taken

3) G4-SO7: Total number of legal actions for anti-competitive behavior, anti-trust, and monopoly practices and their outcomes – the updated GRI Standard is: Disclosure 206-1 Legal actions for anti-competitive behavior, anti-trust, and monopoly practices

 

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:

1) This case study is based on published information by Media Prima, 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 original on the Global Reporting Initiative’s Sustainability Disclosure Database at the link:

http://database.globalreporting.org/

2) http://www.fbrh.co.uk/en/global-reporting-initiative-gri-g4-guidelines-download-page

3) https://g4.globalreporting.org/Pages/default.aspx

4) https://www.globalreporting.org/standards/gri-standards-download-center/

 

Note to Media Prima: 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.