Sector: Metals Products Archives - SustainCase - Sustainability Magazine https://sustaincase.com/category/metals-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... Wed, 11 Sep 2024 05:52:43 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 Case study: How Largo creates economic value for its stakeholders https://sustaincase.com/case-study-how-largo-creates-economic-value-for-its-stakeholders/ Wed, 11 Sep 2024 05:51:51 +0000 https://sustaincase.com/?p=19588 Headquartered in Toronto, Canada, Largo is a publicly traded corporation historically committed to the production and supply of high-quality vanadium products. Largo seeks to be the leading vanadium-focused company by providing the world with low-carbon solutions, creating sustainable value through its unique products, responsible business practices and the commitment of its talented team. This case study is based on the 2022 Sustainability Report by Largo, 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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]]> Headquartered in Toronto, Canada, Largo is a publicly traded corporation historically committed to the production and supply of high-quality vanadium products. Largo seeks to be the leading vanadium-focused company by providing the world with low-carbon solutions, creating sustainable value through its unique products, responsible business practices and the commitment of its talented team.

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

Generating, through its activities, long-term value for employees, suppliers and all its stakeholders, is a top priority for Largo.  Tweet This! In order to create economic value for its stakeholders Largo took action to:

  • create economic value for employees
  • create economic value for the government
  • create economic value for suppliers
  • create economic value for communities

What are the material issues the company has identified?  

In its 2022 Sustainability Report Largo identified a range of material issues, such as occupational health and safety, community relations and development, water and effluents, energy and air emissions (climate change). Among these, creating economic value for its stakeholders stands out as a key material issue for Largo.

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 Largo engages with:

Stakeholder Group                Method of engagement
Employees

 

 ·      On-going

·      Monthly Coffee with the President

·      2021 Employee Satisfaction Survey
Labour union

 

 ·      On-going as needed

·      Formal meetings every two months
On-site contractors

 

 ·      On-going as needed

·      Participation in daily safety dialogues, mining safety week, awareness campaigns
Clients

 

 ·      Key clients – yearly conference and customer visits

·      2021 Customer Survey
Suppliers – Tier 1

 

 ·      Engagement through the supplier qualification process, contract negotiations and performance evaluations
People in Largo’s communities and NGOs

 

 ·      Enterprise Monitoring Committee (EMC) – every two months

·      Rural communities – monthly

·      Town of Maracás – monthly
Regulatory agencies ·      On-going through inspections and permit renewals
Municipal government

 

 ·      Informal through partnership in projects

·      Representative participates in the PMC meetings every two months
Investment community

 

 ·      Quarterly earnings and ad hoc webcasts, industry conferences, press releases, corporate communication strategies, on-going outreach by phone and e-mail
Industry associations ·      IBRAM – Formal virtual monthly meetings

How stakeholder engagement was made to identify material issues

To identify and prioritise material topics Largo engaged with its stakeholders through surveys.

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

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

  • Creating economic value for employees
  • In 2022, Largo paid $ 16.2 million for employee wages and benefits.
  • Creating economic value for the government
  • In 2022, Largo paid $ 36.5 million in taxes and royalties in Brazil.
  • Creating economic value for suppliers
  • In 2022, Largo paid $ 157.8 million in expenditures with national suppliers.
  • Creating economic value for communities
  • In 2022, Largo spent $ 0.3 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 Largo, 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://s29.q4cdn.com/562286712/files/doc_downloads/sustainability/2023/Largo-2022-Sustainability-Report.pdf

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

]]> Case study: How Umicore creates economic value for its stakeholders https://sustaincase.com/case-study-how-umicore-creates-economic-value-for-its-stakeholders/ Mon, 16 Oct 2023 05:55:35 +0000 https://ccprowebs.com/new-sustaincase.com/?p=15452 Umicore is a global materials technology and recycling group reducing harmful emissions, powering the vehicles and technologies of the future, and giving new life to used metals. The relationship that Umicore fosters with its stakeholders, generating sustainable value for all, has a direct influence on its success and impact on society. This case study is based on the 2021 Integrated Annual Report by Umicore, 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 […]

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

]]> Umicore is a global materials technology and recycling group reducing harmful emissions, powering the vehicles and technologies of the future, and giving new life to used metals. The relationship that Umicore fosters with its stakeholders, generating sustainable value for all, has a direct influence on its success and impact on society.

This case study is based on the 2021 Integrated Annual Report by Umicore, 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. 

Creating financial value for its shareholders as well as long-term value for all its stakeholders, is a top priority for Umicore.  Tweet This! In order to create economic value for its stakeholders Umicore took action to:

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

What are the material issues the company has identified?

In its 2021 Integrated Annual Report Umicore identified a range of material issues, such as responsible governance, employee health, safety and wellbeing, product stewardship, climate and environment. Among these, creating economic value for its stakeholders stands out as a key material issue for Umicore.

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 Umicore engages with:

Stakeholder Group
Public sector and Authorities
Suppliers
Customers
Society
Shareholders and fund providers
Employees
Business partners
Neighbours

How stakeholder engagement was made to identify material issues

To identify and prioritise material topics Umicore engaged with its stakeholders through online surveys, workshops and interviews.

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

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

  • Creating economic value for employees
  • In 2021, Umicore paid 853 million Euros for employee compensation and benefits.
  • Creating economic value for suppliers
  • In 2021, Umicore paid 22,7 billion Euros to 18,000 suppliers in 87 countries.
  • Creating economic value for the state
  • In 2021, Umicore paid 202 million Euros in taxes.
  • Creating economic value for creditors and shareholders
  • In 2021, Umicore paid 52 million Euros to creditors, 8 million Euros to minority shareholders and 181 million Euros to shareholders (dividends only).
  • Creating economic value for society
  • In 2021, Umicore paid 1.6 million Euros in charitable donations.

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

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

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

 

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

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

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

7 GRI sustainability disclosures get you started

Any size business can start taking sustainability action

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

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

See upcoming training dates.
References:

This case study is based on published information by Umicore, 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://annualreport.umicore.com/en/2021/xmlpages/resources/TXP/umicore/finrep2021/pdf/Integrated%20Annual%20Report%202021.pdf

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

]]> Case study: How Tronox creates economic value for its stakeholders https://sustaincase.com/case-study-how-tronox-creates-economic-value-for-its-stakeholders/ Mon, 12 Jun 2023 05:55:47 +0000 https://ccprowebs.com/new-sustaincase.com/?p=15125 Tronox is the world’s leading vertically integrated manufacturer of titanium dioxide pigment, with global operations positioned to meet the needs of customers around the world. Its global presence gives Tronox the opportunity to have a direct and indirect positive economic impact for its employees and shareholders, as well as for the communities in which it operates, through wages, taxes, spending with local suppliers and community investments. This case study is based on the 2021 Sustainability Report by Tronox, prepared in accordance with the GRI Standards, that can be found at this link. Through all case studies we aim to demonstrate […]

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

]]> Tronox is the world’s leading vertically integrated manufacturer of titanium dioxide pigment, with global operations positioned to meet the needs of customers around the world. Its global presence gives Tronox the opportunity to have a direct and indirect positive economic impact for its employees and shareholders, as well as for the communities in which it operates, through wages, taxes, spending with local suppliers and community investments.

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

Generating long-term, sustainable value for a wide range of stakeholders is a top priority for Tronox.  Tweet This! In order to create economic value for its stakeholders Tronox 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 Tronox identified a range of material issues, such as climate change, health and safety, procurement practices, water and effluents, diversity and inclusion. Among these, creating economic value for its stakeholders stands out as a key material issue for Tronox.

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 Tronox engages with:   

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

Stakeholder Group                Method of engagement
Employees

 

 

 ·      Town halls

·      Face-to-face meetings

·      Newsletters

·      Surveys and focus groups

·      Email newsletters

·      Intranet
Communities

 

 ·      Face-to-face meetings

·      Site tours

·      Community forums

·      External events

·      Community sponsorships
Investors and lenders ·      Sell-side hosted conferences

·      Externally hosted events including non-deal roadshows

·      Company hosted events including investor days

·      Face-to-face meetings

·      Calls

·      Email newsletters

·      Investor relations website

·      Press releases
Customers ·      Face-to-face meetings

·      Site tours
Suppliers ·      Face-to-face meetings

·      Site tours

·      Letters

·      Contractor safety forums
Government and regulators ·      Face-to-face meetings

·      Site tours

·      Letters
Non-governmental bodies and industry initiatives ·      Face-to-face meetings

·      Site tours

·      Community forums

·      Sponsorship agreements

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

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

  • Creating economic value for employees
  • In 2021, 22.6% of the economic value distributed by Tronox (whose 2021 revenue was US$3.572 billion) went to employee wages and benefits.
  • Creating economic value for providers of capital
  • In 2021, 7.0% of the economic value distributed by Tronox (whose 2021 revenue was US$3.572 billion) was payments to providers of capital.
  • Creating economic value for the government
  • In 2021, 2.3% of the economic value distributed by Tronox (whose 2021 revenue was US$3.572 billion) was payments to the government.
  • Creating economic value for communities
  • In 2021, 0.1% of the economic value distributed by Tronox (whose 2021 revenue was US$3.572 billion) was 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 Tronox, 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.tronox.com/wp-content/uploads/2022/06/061322_FINAL-1_Sustainability_Report.pdf

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

]]> Case study: How JSPL creates economic value for its stakeholders https://sustaincase.com/case-study-how-jspl-creates-economic-value-for-its-stakeholders/ Wed, 07 Jun 2023 06:00:33 +0000 https://ccprowebs.com/new-sustaincase.com/?p=15117 Headquartered in New Delhi, India, Jindal Steel and Power Limited (JSPL) is one of the leading players in the Indian steel industry, producing a wide range of steel products. This case study is based on the FY 2019-20 Business Sustainability Report by JSPL, 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 During FY 2019-20, the […]

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

]]> Headquartered in New Delhi, India, Jindal Steel and Power Limited (JSPL) is one of the leading players in the Indian steel industry, producing a wide range of steel products. JSPL seeks to be a globally admired organisation that enhances the quality of life of all its stakeholders, creating shared value.  Tweet This!

This case study is based on the FY 2019-20 Business Sustainability Report by JSPL, 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

During FY 2019-20, the economic value distributed by JSPL reached ₹ 29,098 Crores. In order to create economic value for its stakeholders JSPL took action to:

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

What are the material issues the company has identified?

In its FY 2019-20 Business Sustainability Report JSPL identified a range of material issues, such as emissions management, regulatory compliance, occupational health and safety, waste management. Among these, creating economic value for its stakeholders stands out as a key material issue for JSPL.

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 JSPL engages with:   

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

Stakeholder Group                Method of engagement
Government and Industry Bodies

 

 

 ·      Letters to concerned departments

·      One-to-one meetings

·      Meeting through other forums

·      Public platforms or interactions
Local Communities

 

 

 ·      Need assessment surveys

·      Field visits

·      Pamphlets, interactions, workshops and seminars

·      Impact assessment studies
Employees

 

 ·      E-mails

·      Interactions

·      Employee Satisfaction Survey
Media ·      Press releases on the company website

·      Interviews and press conferences
Customers and Suppliers ·      Annual Customer Satisfaction Surveys

·      One-to-one meetings

·      Annual vendor and dealer meetings

·      Exhibitions

·      Supplier Audits
Investors ·      Updates through e-mails

·      Investor conferences

·      Roadshows

·      Interactions with analysts

·      Investor page on company website

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

In its FY 2019-20 Business Sustainability Report JSPL reports that it took the following actions for creating economic value for its stakeholders:

  • Creating economic value for employees
  • In FY 2019-20, JSPL paid ₹ 679 Crores for employee salaries and benefits.
  • Creating economic value for the government
  • In FY 2019-20, JSPL paid ₹ 5,941 Crores in taxes.
  • Creating economic value for suppliers
  • In FY 2019-20, JSPL spent ₹ 19,841 Crores for procurement and services.
  • Creating economic value for lenders
  • In FY 2019-20, JSPL paid ₹ 2,611 Crores in interest to lenders.

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 JSPL, 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://d2lptvt2jijg6f.cloudfront.net/jindalsteelpower/custom/1629171863_6th%20BSR.pdf

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

]]> Case study: How Condals Group creates economic value for its stakeholders https://sustaincase.com/case-study-how-condals-group-creates-economic-value-for-its-stakeholders/ Wed, 31 May 2023 05:59:19 +0000 https://ccprowebs.com/new-sustaincase.com/?p=15096 Condals Group is the third generation of a private family firm specialising in providing advanced technical solutions for the automotive, railway, hydraulic and construction industries since 1976. This case study is based on the 2019-2020 Sustainability Report by Condals 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. Abstract Condals Group aims to create trusting, long-term […]

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

]]> Condals Group is the third generation of a private family firm specialising in providing advanced technical solutions for the automotive, railway, hydraulic and construction industries since 1976. Condals Group seeks to constantly improve its sustainability performance and deliver sustainable value to all its stakeholders.  Tweet This!

This case study is based on the 2019-2020 Sustainability Report by Condals 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.

Abstract

Condals Group aims to create trusting, long-term relationships with its stakeholders, generating economic value for all. In order to create economic value for its stakeholders Condals Group took action to:

  • create economic value for employees
  • create economic value for the government
  • support communities

What are the material issues the company has identified?

In its 2019-2020 Sustainability Report Condals Group identified a range of material issues, such as environmental compliance, emissions, employment, training and education, occupational health and safety. Among these, creating economic value for its stakeholders stands out as a key material issue for Condals 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 Condals Group engages with:   

Stakeholder Group                Method of engagement
People

 

 

 ·      Corporate website (daily)

·      Information panels (daily)

·      Employee portal (daily)

·      Surveys (yearly)

·      LinkedIn, Twitter, YouTube
Suppliers ·      Email (daily)

·      Telephone (daily)

·      Visits (monthly)

·      Online conferences (weekly)

·      CMMS software (internal) (daily)
Society ·      Email (monthly)

·      Meetings with associations (according to type: weekly, monthly, quarterly or half-yearly)
Clients

 

 ·      Email (daily)

·      Telephone (teleconferences) (daily)

·      Meetings (monthly)

·      Visits (monthly)

·      client’s own platform (daily)

How stakeholder engagement was made to identify material issues

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

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

In its 2019-2020 Sustainability Report Condals Group reports that it took the following actions for creating economic value for its stakeholders:

  • Creating economic value for employees
  • In 2020, Condals Group spent 25.79% of 98 million euros of economic value created in employee expenses.
  • Creating economic value for the government
  • In 2020, Condals Group paid 0.08% of 98 million euros of economic value created in income tax.
  • Supporting communities
  • In 2020, Condals Group spent 1.56% of 98 million euros of economic value created in social action 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 Condals 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:

http://www.condalsgroup.com/wp-content/uploads/2021/06/sustainability-en.pdf

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

]]> Case study: How NALCO creates economic value for its stakeholders https://sustaincase.com/case-study-how-nalco-creates-economic-value-for-its-stakeholders/ Mon, 12 Dec 2022 07:07:57 +0000 https://ccprowebs.com/new-sustaincase.com/?p=14519 National Aluminium Company Limited (NALCO) is one of the largest integrated primary producers of aluminium in Asia, operating in the non-ferrous metals and mining sector and primarily dealing with the manufacturing and sale of Alumina and Aluminium products. NALCO’s core values are based on Benefitting Stakeholders, Excellence and quality, Sustainability, Trust and Integrity (BEST), which help NALCO provide sustainable value to consumers and its various other stakeholders. This case study is based on the 2019-20 Sustainable Development Report by NALCO, prepared in accordance with the GRI Standards, that can be found at this link. Through all case studies we aim to demonstrate what […]

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]]> National Aluminium Company Limited (NALCO) is one of the largest integrated primary producers of aluminium in Asia, operating in the non-ferrous metals and mining sector and primarily dealing with the manufacturing and sale of Alumina and Aluminium products. NALCO’s core values are based on Benefitting Stakeholders, Excellence and quality, Sustainability, Trust and Integrity (BEST), which help NALCO provide sustainable value to consumers and its various other stakeholders.

This case study is based on the 2019-20 Sustainable Development Report by NALCO, 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

NALCO’s philosophy is to create value for all its stakeholders  Tweet This!, which includes its employees, shareholders, customers, suppliers, creditors, regulatory authorities, government departments and society at large. In order to create economic value for its stakeholders NALCO took action to:

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

What are the material issues the company has identified?  

In its 2019-20 Sustainable Development Report NALCO identified a range of material issues, such as effluents and waste, procurement practices, anti-corruption, occupational health and safety. Among these, creating economic value for its stakeholders stands out as a key material issue for NALCO.

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 NALCO engages with:

Stakeholder Group                Method of engagement
Government and regulators

 

 

 

 ·      Meetings with different Central and State Government Bodies, such as: Ministry of Mines, Ministry of Corporate Affairs, Ministry of Environment, Forests and Climate Change

·      Different circulars, office orders, letters and information

·       Submissions of various returns and compliances to statutory authorities

·      Email Communication
Shareholders and Investors

 

 

 

 ·      Annual General Meetings, Periodic financial and performance reports to shareholders and investors

·      Reports, Memorandum and Press release of SEBI, CAG, Banks and Financial institutions

·      Shareholder surveys and meets
Employees

 

 

 

 ·      Official communications like office order, notice, circular and handouts

·      E-newsletters, Intranet and web hosting

·      Bipartite and tripartite meetings with labour unions

·      Collective bargaining

·      Interaction with officers’ associations

·      Employee satisfaction surveys

·      Grievance redressal forums
Customers and Consumers

 

 

 ·      Regional and national customer meets

·      Customers’ plant visits and management interactions

·      Advertisements in print and audio-visual media

·      Feedback, satisfaction surveys and grievance resolution

·       Product information and enquiries
Suppliers and Vendors

 

 ·      Tender and contract

·      Periodic vendor and supplier meet

·      Regional, National and International trade fairs

·      Supplier relationship management
Community/ Civil Society Organisations

 

 ·      Gram-Sabha and public hearing

·      RPDAC meetings

·      Cultural, religious and social functions

·      Need assessment interactions for CSR projects

·      Local community events
Industry Associations

 

 ·      Conference, workshops and seminars

·      Trade Fair, exhibitions and industrial expo

·      Membership in different industrial and professional association, confederation, etc.
Contractors/ Other Service Providers

 

 ·      Tender enquiries and RFQ

·      Meetings and discussions

·      Training, skill development, work instruction

·      On the job supervision

·      Techno commercial discussion for award of work
Business Partners/ New Ventures ·      Review of business

·      Technology and feasibility

How stakeholder engagement was made to identify material issues

To identify and prioritise material topics NALCO engaged with its stakeholders through a workshop and a questionnaire survey.

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

In its 2019-20 Sustainable Development Report NALCO reports that it took the following actions for creating economic value for its stakeholders:

  • Creating economic value for employees
  • NALCO believes in creating a work environment for its employees that is zestful, inspiring, action driven, and committed to excellence. In FY 2019-20, NALCO spent INR 1,994.07 Crores in employee wages and benefits.
  • Creating economic value for providers of capital
  • In FY 2019-20, NALCO paid INR 513.04 Crores to providers of capital.
  • Creating economic value for the government
  • In FY 2019-20, NALCO paid INR 151.40 Crores in Corporate Tax and INR 105.46 Crores in Dividend Distribution 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 NALCO, 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://nalcoindia.com/wp-content/uploads/2021/05/NALCO-SD-Report-2019_20-Final-High-Res-Digitally-Signed.pdf

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

]]> Case study: How Alcoa creates economic value for its stakeholders https://sustaincase.com/case-study-how-alcoa-creates-economic-value-for-its-stakeholders/ Fri, 09 Dec 2022 07:09:55 +0000 https://ccprowebs.com/new-sustaincase.com/?p=14514 Alcoa is a global industry leader in bauxite, alumina and aluminium products, built on a foundation of strong values and operating excellence. This case study is based on the 2020 Sustainability Report by Alcoa, 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 Alcoa seeks to generate value for its stakeholders, stimulating economic activity at the local […]

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

]]> Alcoa is a global industry leader in bauxite, alumina and aluminium products, built on a foundation of strong values and operating excellence. Creating sustainable value for all its stakeholders and the communities where it operates, is one of the three pillars of Alcoa’s sustainability strategy.  Tweet This!

This case study is based on the 2020 Sustainability Report by Alcoa, 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

Alcoa seeks to generate value for its stakeholders, stimulating economic activity at the local and regional levels, by providing stable, fair-paying jobs, procuring goods and services from local suppliers when possible, paying income and other taxes, and investing in community infrastructure and initiatives. In order to create economic value for its stakeholders Alcoa took action to:

  • create economic value for employees
  • create economic value for suppliers
  • create economic value for governments

What are the material issues the company has identified?  

In its 2020 Sustainability Report Alcoa identified a range of material issues, such as occupational health and safety, ethics, transparency and good governance, regulatory compliance, human rights. Among these, creating economic value for its stakeholders stands out as a key material issue for Alcoa.

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 Alcoa engages with:

Stakeholder Group
Stockholders
Employees
Customers
Suppliers
Government representatives and regulators
Non-governmental organisations
Local communities
Media

How stakeholder engagement was made to identify material issues

To identify and prioritise material topics Alcoa conducted a survey of external stakeholders, including those representing customers, communities in which it operates, government, non-governmental organisations and industry associations.

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

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

  • Creating economic value for employees
  • In 2020, Alcoa spent US$ 1.5 billion in labour costs. These include compensation and benefits for employee services rendered plus employee expenses for external training, transfer and relocation, expatriate costs, workers’ compensation, travel, recognition and rewards, medical expenses, meals, recruitment, transportation, education, work clothes and other employee-related expenses.
  • Creating economic value for suppliers
  • In 2020, Alcoa spent US$ 8.2 billion for procurement.
  • Creating economic value for governments
  • In addition to the economic activity it stimulates at the local and regional levels, Alcoa also contributes to the communities in which it operates through a variety of tax payments. Accordingly, in 2020, Alcoa paid US$ 169.4 million in income 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 Alcoa, 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.alcoa.com/sustainability/en/pdf/2020-Sustainability-Report.pdf

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

]]> Case study: How Elkem promotes responsible sourcing https://sustaincase.com/case-study-how-elkem-promotes-responsible-sourcing/ Mon, 07 Feb 2022 07:04:10 +0000 https://ccprowebs.com/new-sustaincase.com/?p=13261 Established in 1904, Elkem is one of the world’s leading companies for the environmentally responsible manufacturing of metals and materials. Elkem is committed to considering ethics, labour rights, and social and environmental issues when sourcing products and services across all its procurement categories and across all operations. This case study is based on the 2019 Sustainability Report by Elkem published on the Global Reporting Initiative Sustainability Disclosure Database 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 […]

The post Case study: How Elkem promotes responsible sourcing appeared first on SustainCase - Sustainability Magazine.

]]> Established in 1904, Elkem is one of the world’s leading companies for the environmentally responsible manufacturing of metals and materials. Elkem is committed to considering ethics, labour rights, and social and environmental issues when sourcing products and services across all its procurement categories and across all operations.

This case study is based on the 2019 Sustainability Report by Elkem published on the Global Reporting Initiative Sustainability Disclosure Database 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

Responsible sourcing is a strategic priority for Elkem  Tweet This!, and it means looking at what it procures beyond traditional aspects such as cost, quality and delivery time. In order to promote responsible sourcing Elkem took action to:

  • conduct supplier due diligence
  • implement a code of conduct for business partners
  • develop detailed requirements for high risk suppliers

What are the material issues the company has identified?

In its 2019 Sustainability Report Elkem identified a range of material issues, such as occupational health and safety, energy efficiency, anti-corruption, diversity and equality, waste management. Among these, promoting responsible sourcing stands out as a key material issue for Elkem.

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 Elkem engages with:

Stakeholder Group                Method of engagement
Employees

 

 ·      Regular meetings

·      Email/phone dialogue

·      Shift meetings

·      Annual meetings

·      Joint meetings for all

·      Employee satisfaction survey

·      Personal development conversations

·      Training and mentoring

·      Family day/visits at plant

·      EBS training
Customers and suppliers

 

 

 ·      Regular meetings

·      Email/phone dialogue

·      Conferences/ trade shows

·      Visits at plant and visit customers/supplier

·      Audits

·      Technical meetings
Local and national authorities ·      Regular meetings

·      Planned and unplanned inspections/ audits
Corporate management team

 

 

 ·      Monthly/regular meetings

·      Workshops

·      Regular dialogue (phone/email/ meetings)

·      Internal board meetings

·      Reporting

·      Audits

·      Technical and commercial meetings
Local community and organisations (NGOs, clusters, research)

 

 

 ·      Community events

·      Sponsorships

·      Town hall meetings

·      Social events

·      Partnerships
Investors and shareholders

 

 ·      Regular meetings

·      Corporate reporting

·      Regular phone/email dialogue
Unions

 

 ·      Monthly/ weekly/ regular meetings

·      Labour committee

·      Informal contact / phone /email

How stakeholder engagement was made to identify material issues

To identify and prioritise material topics Elkem surveyed key internal and external stakeholders.

What actions were taken by Elkem to promote responsible sourcing?

In its 2019 Sustainability Report Elkem reports that it took the following actions for promoting responsible sourcing:

  • Conducting supplier due diligence
  • Elkem’s procurement function is responsible for carrying out pre-qualification and risk assessments of suppliers based on corporate requirements within environment, health and safety, social responsibility, anti-corruption and compliance with laws and regulations. A structured auditing programme is also in place, to make sure all suppliers receive regular audits. Where the risk is identified as high, additional due diligence (integrity due diligence) or on-site audits are required. In 2019, 73% (ex. China) of new suppliers of raw material were screened against environmental and social criteria. For high risk suppliers, additional due diligence was conducted (integrity due diligence). One supplier was excluded based on due diligence findings. In 2020/2021, Elkem is updating its supplier due diligence process, aiming for a harmonised approach to screening using social criteria. All new suppliers will be screened against the topics in the GRI 400 series.
  • Implementing a code of conduct for business partners
  • In October 2019, Elkem launched a code of conduct for its business partners (“the business partner code”). The business partner code sets out Elkem’s expectations of its suppliers with regards to ethics, labour rights and social and environmental issues. Elkem requires all new suppliers to endorse the business partner code and maintain their commitment throughout the relationship. The business partner code is considered an integral part of any agreement that regulates the relationship between Elkem and a supplier.
  • Developing detailed requirements for high risk suppliers
  • Elkem has developed detailed requirements for high risk suppliers and contractors regarding health, safety and environmental standards for operations like mining, transportation, storage and loading, and is actively involved in the promotion and monitoring of safe and decent working conditions. This includes health and safety training and providing correct personal protection equipment for suppliers’ employees when necessary. Age control to prevent child labour and ensure responsible working conditions for young employees is also carried out. Elkem requires suppliers and contractors to engage their employees with written contracts on fair terms, and to give them information about their right to organise and collectively bargain with management where this is legally possible. Elkem’s requirements are regularly discussed in meetings with suppliers. High-risk suppliers must document their understanding of legal requirements and hazards in their operations and present plans showing how risk will be eliminated or controlled while working for Elkem. Elkem performs audits and inspections, both in connection with routine visits for quality, technical and business follow-up, and as unannounced site visits. External auditors also conduct supplier audits on Elkem’s behalf. Violations of Elkem’s requirements are registered and addressed with verbal or written warnings in addition to requests for improvements when necessary. Repeated violations may lead to requirements for speedy implementation of improvement plans, financial penalties, or termination of contracts with immediate effect.

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

The GRI Standards addressed in this case are:

1) Disclosure 308-1 New suppliers that were screened using environmental criteria

2) Disclosure 414-1 New suppliers that were screened using social criteria

 

Disclosure 308-1 New suppliers that were screened using environmental criteria does not correspond to any SDG.

Disclosure 414-1 New suppliers that were screened using social criteria 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:

1) This case study is based on published information by Elkem, 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 Elkem: 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 Elkem promotes responsible sourcing appeared first on SustainCase - Sustainability Magazine.

]]> Case study: How Valcambi promotes and protects human rights https://sustaincase.com/case-study-how-valcambi-promotes-and-protects-human-rights/ Fri, 08 Oct 2021 06:12:51 +0000 https://ccprowebs.com/new-sustaincase.com/?p=12944 Valcambi is a Swiss-based world-leading precious metals refiner, seeking to be the global leader in gold refining and manufacturing recognised for creating sustainable value and a better gold industry for all. , and a commitment that extends beyond having a policy on human rights embedded in its Code of Conduct. This case study is based on the 2019 Sustainability Report by Valcambi published on the Global Reporting Initiative Sustainability Disclosure Database 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 […]

The post Case study: How Valcambi promotes and protects human rights appeared first on SustainCase - Sustainability Magazine.

]]> Valcambi is a Swiss-based world-leading precious metals refiner, seeking to be the global leader in gold refining and manufacturing recognised for creating sustainable value and a better gold industry for all. Respect for human rights is a top priority of Valcambi  Tweet This!, and a commitment that extends beyond having a policy on human rights embedded in its Code of Conduct.

This case study is based on the 2019 Sustainability Report by Valcambi published on the Global Reporting Initiative Sustainability Disclosure Database 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

Valcambi seeks to make sure that its commitment to respecting human rights is exemplified by its actions and those of each employee, supplier and business partner. In order to promote and protect human rights Valcambi took action to:

  • promote compliance
  • conduct due diligence

What are the material issues the company has identified?

In its 2019 Sustainability Report Valcambi identified a range of material issues, such as governance and ethics, sustainability development in mining communities, product traceability, climate change. Among these, promoting and protecting human rights stands out as a key material issue for Valcambi.

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 Valcambi engages with:  

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

Stakeholder Group                Method of engagement
Shareholders ·      Periodic meetings
Board

 

 ·      Periodic meetings

·      Monthly reporting on business progress
Management ·      Periodic meetings
Employees

 

 ·      Quarterly report

·      Communications on notice-boards

·      Meetings with union representatives

·      Code of Conduct

·      Coordination meetings

·      Company events

·      Work climate survey

·      Website / Sustainability Report
Customers

 

 

 ·      Periodic customer satisfaction surveys

·      Ongoing communication

·      Interactions through industry associations

·      Client onboarding process (due diligence)

·      KYC (Know Your Client Process)

·      Website / Sustainability Report
Suppliers

 

 

 ·      Client onboarding process (due diligence)

·      KYC (Know Your Client Process)

·      KYP (Know Your Product Process)

·      Website, e-mail, telephone

·      Suppliers’ evaluation process

·      Code of Conduct
Competitors

 

 ·      Meetings with industry associations

·      Website
Local and national institutions, authorities ·      Monthly communication

·      Information meetings
Local communities ·      Website / Sustainability Report
Public services

 

 ·      Regular communication

·      Website
Trade and industry associations ·      Periodic meetings

 
NGOs national and international ·      Meetings

·      Website / Sustainability Report
Media ·      Meetings

·      Website (news) / Sustainability Report

What actions were taken by Valcambi to promote and protect human rights?

In its 2019 Sustainability Report Valcambi reports that it took the following actions for promoting and protecting human rights:

  • Promoting compliance
  • Valcambi frames its commitment to human rights in line with the UN Guiding Principles on Business (ILO) and Human Rights, the OECD Guidelines for Multinational Enterprises, and the OECD Due Diligence Guidance for Responsible Supply Chains of Minerals from Conflict-affected and High Risk Areas. Valcambi also complies with the GRI Standards and upholds the framework set by the 2030 Agenda for Sustainable Development, and with relevant sector standards such as the LBMA Gold Guidance and the Responsible Jewellery Council Code of Practice and Chain of Custody Standard. Valcambi’s Compliance Officer is responsible for overseeing and managing all aspects related to human rights. He/she ensures that management and employees act in compliance with the rules and regulations of regulatory agencies and are aware of any potential risks of dealing with potential and current business partners.
  • Conducting due diligence
  • Human Rights due diligence is systematic for Valcambi when selecting a counterparty and Valcambi asks all of them to confirm their commitment to not tolerate any form of child labour. Valcambi actively cooperates with international organisations to support projects that aim to respect and support human rights. In particular, before sourcing from ASM, Valcambi conducts enhanced due diligence with a special focus on checking that there is no child labour and exposure of young workers to hazardous work and forced or compulsory labour. Valcambi looks not only at the situation on the mining site itself, but also in the mining communities surrounding the mine. Valcambi systematically conducts on-site visits to ensure the respect of human rights. In doing so, Valcambi not only complies but goes beyond the OECD Due Diligence Guidance, Fairtrade and Fairmined standards for gold and associated precious metals from artisanal mining.

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

The GRI Standards addressed in this case are:

1) Disclosure 408-1 Operations and suppliers at significant risk for incidents of child labor

2) Disclosure 409-1 Operations and suppliers at significant risk for incidents of forced or compulsory labor

 

Disclosure 408-1 Operations and suppliers at significant risk for incidents of child labor corresponds to:

Disclosure 409-1 Operations and suppliers at significant risk for incidents of forced or compulsory labor 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:

1) This case study is based on published information by Valcambi, 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 Valcambi: 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 Valcambi promotes and protects human rights appeared first on SustainCase - Sustainability Magazine.

]]> Case study: How Qatar Steel promotes responsible materials management https://sustaincase.com/case-study-how-qatar-steel-promotes-responsible-materials-management/ Mon, 12 Apr 2021 06:09:12 +0000 https://ccprowebs.com/new-sustaincase.com/?p=12433 Established in 1974 as the first integrated iron and steel plant in the Arabian Gulf, over the past four decades Qatar Steel made a reputation as an established leader in the steel industry within the GCC (Gulf Cooperation Council) region, with its steel going into the making of buildings and structures all across the Middle East and North Africa. This case study is based on the 2019 Sustainability Report by Qatar Steel published on the Global Reporting Initiative Sustainability Disclosure Database that can be found at this link. Through all case studies we aim to demonstrate what CSR/ ESG/ sustainability reporting […]

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]]> Established in 1974 as the first integrated iron and steel plant in the Arabian Gulf, over the past four decades Qatar Steel made a reputation as an established leader in the steel industry within the GCC (Gulf Cooperation Council) region, with its steel going into the making of buildings and structures all across the Middle East and North Africa. Qatar Steel is committed to improving the environmental, social, and economic impacts of its operations, including throughout its supply chain. This commitment starts with the responsible use and sourcing of raw materials.  Tweet This!

This case study is based on the 2019 Sustainability Report by Qatar Steel published on the Global Reporting Initiative Sustainability Disclosure Database 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

The iron ore used for Qatar Steel’s production is sourced from globally reputable companies, all of which are certified according to the ISO 14001 Environmental Management System and ISO 9001 Quality Management System. In order to promote responsible materials management Qatar Steel took action to:

  • implement a Life Cycle Assessment
  • promote responsible sourcing

What are the material issues the company has identified?

In its 2019 Sustainability Report Qatar Steel identified a range of material issues, such as operational efficiency, employee and contractor safety, emergency preparedness, energy consumption, product innovation. Among these, promoting responsible materials management stands out as a key material issue for Qatar Steel.

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 Qatar Steel engages with:

Stakeholder Group                Method of engagement
IQ / QP

 

 

 ·      One to One Meetings, Visits & Workshops

·      AGM

·      Board Meetings

·      Business Visit

·      Joint Programmes &Partnerships
Investment

 

 

 ·      AGM

·      Board Meetings

·      Visits
Suppliers

 

 ·      Business Visit

·      Conferences & Seminars

·      Emails / Virtual meeting platform
People

 

 

 ·      Intranet

·      One to One Meetings & Annual Gathering

·      Training Programmes

·      Code of Ethics & Business Conduct
Traders / Customers / End-customer influence bodies ·      One to One Meetings

 
Regulatory Bodies / Steel Association

 

 

 ·      Joint Programmes & Partnerships

·      One to One Meetings

·      Conferences & Seminars

·      Audit Reports

·      Press Releases

·      Interviews

·      Sponsorships

How stakeholder engagement was made to identify material issues

To identify and prioritise material topics Qatar Steel engaged with its stakeholders through interviews, to obtain stakeholder feedback on material sustainability issues.

What actions were taken by Qatar Steel to promote responsible materials management?

In its 2019 Sustainability Report Qatar Steel reports that it took the following actions for promoting responsible materials management:

  • Implementing a Life Cycle Assessment
  • In 2019, Qatar Steel completed a Life Cycle Assessment (LCA) on its products through a third-party evaluator, BRE Global, in accordance with the requirements of EN15804:2012 and A1:2013. By applying Life Cycle Assessment (LCA) to its products, Qatar Steel is fully aware of its products’ environmental impacts throughout all stages of their life cycle, from mining to manufacturing, transport, use and recycling or disposal. This “cradle-to-grave” analysis is required to meet the international accreditations in manufacturing for Qatar Steel’s high-grade steel. Qatar Steel seeks to take full advantage of steel’s infinite recyclability by recycling steel scrap generated in Qatar, to further reduce the environmental impacts of its main products. The LCA also provides Qatar Steel with the necessary data to benchmark the environmental performance of the main products and acts as structural support for its environmental decision-making.
  • Promoting responsible sourcing
  • Qatar Steel has achieved a Responsible Sourcing of Construction Products certificate from UK CARES and holds a BRE BES 6001 Issue 3.1 responsible sourcing certification from UK CARES since 2016.The BRE standard BES 6001 has been published for construction product manufacturers to make sure and then prove that their products have been made with materials that have been responsibly sourced. The standard includes a framework for various aspects such as the organisational governance, supply chain management and environmental and social aspects that have to be addressed in order to ensure the responsible sourcing of construction products. In 2019, Qatar Steel also achieved a performance rating of “VERY GOOD”, becoming the first steel company to achieve a performance rating of “VERY GOOD” for the prestigious BES 6001 Responsible Sourcing Certification from CARES UK after the successful reassessment audit conducted, along with a CARES SCS Scheme Surveillance Audit.

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

The GRI Standards addressed in this case are:

1) Disclosure 301-1 Materials used by weight or volume

2) Disclosure 301-2 Recycled input materials used

 

Disclosure 301-1 Materials used by weight or volume corresponds to:

Disclosure 301-2 Recycled input materials used 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:

1) This case study is based on published information by Qatar Steel, 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 Qatar Steel: 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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