Sector: Real Estate Archives - SustainCase - Sustainability Magazine https://sustaincase.com/category/real-estate/ 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, 16 Oct 2024 05:56:24 +0000 en-US hourly 1 https://wordpress.org/?v=7.1.2 Case study: How Sagax creates economic value for its stakeholders https://sustaincase.com/case-study-how-sagax-creates-economic-value-for-its-stakeholders/ Wed, 16 Oct 2024 05:55:39 +0000 https://sustaincase.com/?p=19780 Founded in 2004, AB Sagax invests in commercial properties with a focus on warehouses and light industrial property, owning and managing a property portfolio in established markets across Europe that are forecasted to experience strong commercial activity and growth. This case study is based on the 2022 Sustainability Report by Sagax, 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 […]

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]]> Founded in 2004, AB Sagax invests in commercial properties with a focus on warehouses and light industrial property, owning and managing a property portfolio in established markets across Europe that are forecasted to experience strong commercial activity and growth. Long-term value creation for all its stakeholders, is key to Sagax’s strategy.  Tweet This!

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

Sagax’s business model is characterised in all areas by a long-term approach. Short-term gains are subordinate to the company’s long-term, meaning sustainable, value creation for all its stakeholders. In order to create economic value for its stakeholders Sagax took action to:

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

What are the material issues the company has identified? 

In its 2022 Sustainability Report Sagax identified a range of material issues, such as climate adaptation, anti-corruption, more efficient energy consumption, employee skills. Among these, creating economic value for its stakeholders stands out as a key material issue for Sagax.

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 Sagax engages with:

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

Stakeholder Group                Method of engagement
Shareholder

 

 ·      Board meetings, of which one meeting each year is a strategy meeting

·      Meetings with owner representatives for special discussions about corporate governance

·      General Meeting

·      Financial statements
Employees

 

 ·      Employee dialogue

·      Workshops

·      Business planning

·      Annual conference for all employees

·      Regular reviews with all employees about the company’s policies
Lenders

 

 

 ·      Individual meetings with banks and representatives from the capital markets

·      Dialogue regarding financial statements
Tenants

 

 ·      Customer meetings

·      Regular dialogue about property management with each facility management firm of the properties

·      Dialogue between tenants and the appointed asset manager for each property
Suppliers

 

 ·      In procurement, following-up framework agreements and purchase orders

·      At supplier meetings

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

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

  • Creating economic value for employees
  • In 2022, Sagax paid SEK 135 million in employee expenses.
  • Creating economic value for the state
  • In 2022, Sagax paid SEK 937 million in tax.
  • Creating economic value for creditors
  • In 2022, Sagax paid SEK 492 million to creditors.
  • Creating economic value for owners
  • In 2022, Sagax paid SEK 1,111 million to owners (proposed dividend).

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 Sagax, 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.sagax.se/sites/default/files/2023-05/H%C3%A5llbarhet%202023%20ENG.pdf

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

]]> Case study: How Godrej Properties creates economic value for its stakeholders https://sustaincase.com/case-study-how-godrej-properties-creates-economic-value-for-its-stakeholders/ Thu, 29 Aug 2024 06:03:10 +0000 https://sustaincase.com/?p=19529 Headquartered in Mumbai, Godrej Properties brings the Godrej Group’s philosophy of innovation, sustainability and excellence to the real estate industry with developments that combine a 123–year legacy of excellence and trust with a commitment to cutting-edge design and technology. This case study is based on the 2020-21 Sustainability Report by Godrej Properties, 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, […]

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

]]> Headquartered in Mumbai, Godrej Properties brings the Godrej Group’s philosophy of innovation, sustainability and excellence to the real estate industry with developments that combine a 123–year legacy of excellence and trust with a commitment to cutting-edge design and technology. Delivering, through its operations, shared value is a top priority for Godrej Properties.  Tweet This!

This case study is based on the 2020-21 Sustainability Report by Godrej Properties, 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

Godrej Properties aspires to build a secure, sustainable and inclusive future for all its stakeholders, generating long-term value for all. In order to create economic value for its stakeholders Pidilite 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 2020-21 Sustainability Report Godrej Properties identified a range of material issues, such as ethics and transparency, employee welfare, energy efficiency, customer wellbeing. Among these, creating economic value for its stakeholders stands out as a key material issue for Godrej Properties.

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 Godrej Properties engages with:

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

Stakeholder Group                Method of engagement
Customers ·      Customer Feedback Channels
Employees ·      Internal Surveys
Consultants ·      Feedback Surveys
Suppliers/ contractors ·      Feedback Surveys
Local communities ·      Interactions and Surveys
Investors ·      Investor Meets
Local government bodies ·      Meetings and Personal Interaction
Agencies ·      Feedback Surveys

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

In its 2020-21 Sustainability Report Godrej Properties reports that it took the following actions for creating economic value for its stakeholders:

  • Creating economic value for employees
  • In 2020-21, Godrej Properties paid INR Crores 299.56 for employee benefits.
  • Creating economic value for providers of capital
  • In 2020-21, Godrej Properties paid INR Crores 184.86 to providers of capital.
  • Creating economic value for the government
  • In 2020-21, Godrej Properties paid INR Crores 103.77 in taxes.
  • Creating economic value for communities
  • In 2020-21, Godrej Properties spent INR Crores 6.67 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 Godrej Properties, 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://d1jys7grhimvze.cloudfront.net/backoffice/data_content/sustainability_reports/GPL_Sustainability_Report_2020-21.pdf

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

]]> Case study: How Dimand creates economic value for its stakeholders https://sustaincase.com/case-study-how-dimand-creates-economic-value-for-its-stakeholders/ Fri, 24 May 2024 06:02:36 +0000 https://sustaincase.com/?p=19127 Dimand S.A. is a specialised real estate developer, offering highly integrated services across the full property lifecycle. Sustainable development is at the heart of Dimand’s business model, as it seeks to create fairly distributed and long-lasting value for the company, Dimand’s business partners and the society in which Dimand operates. This case study is based on the 2021 ESG Report by Dimand, 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 […]

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

]]> Dimand S.A. is a specialised real estate developer, offering highly integrated services across the full property lifecycle. Sustainable development is at the heart of Dimand’s business model, as it seeks to create fairly distributed and long-lasting value for the company, Dimand’s business partners and the society in which Dimand operates.

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

Dimand implements a flexible and successful business model, in order to create sustainable value for both the company and all its stakeholders.  Tweet This! In order to create economic value for its stakeholders Dimand 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 ESG Report Dimand identified a range of material issues, such as health and safety, ethics, transparency and compliance, greenhouse gases and air emissions, green building certifications. Among these, creating economic value for its stakeholders stands out as a key material issue for Dimand.

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 Dimand engages with: 

Stakeholder Group
Employees
Tenants / Customers
Contractors, suppliers and business partners
Business consultants, technical consultants and designers
Shareholders and investors
Rating agencies, banks and financial institutions
Governmental and regulatory authorities
Local communities, Municipal authorities and Non-Governmental Organisations (NGOs)
Opinion leaders in Media and Academia

How stakeholder engagement was made to identify material issues

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

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

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

  • Creating economic value for employees
  • In 2021, Dimand paid € 2,461,109.18 for employee wages and benefits.
  • Creating economic value for providers of capital
  • In 2021, Dimand paid € 887,537.55 to providers of capital.
  • Creating economic value for the government
  • In 2021, Dimand paid € 284,684.46 to the government.
  • Creating economic value for communities
  • In 2021, Dimand spent € 126,500.00 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 Dimand, 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://dimand.gr/wp/wp-content/uploads/2022/09/DIMAND-ESG-Report-2021_EN.pdf  

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

]]> Case study: How Akademiska Hus creates economic value for its stakeholders https://sustaincase.com/case-study-how-akademiska-hus-creates-economic-value-for-its-stakeholders/ Mon, 12 Feb 2024 06:58:28 +0000 https://sustaincase.com/?p=16435 Akademiska Hus is one of the largest property companies in Sweden, owned by the Swedish state and focused on properties for higher education and research. This case study is based on the 2021 Annual and Sustainability Report by Akademiska Hus, 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 Creating value for employees, suppliers, lenders and […]

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

]]> Akademiska Hus is one of the largest property companies in Sweden, owned by the Swedish state and focused on properties for higher education and research. Akademiska Hus seeks, through its operations, to generate long-term, sustainable value for all its stakeholders.  Tweet This!

This case study is based on the 2021 Annual and Sustainability Report by Akademiska Hus, prepared in accordance with the GRI Standards, that can be found at this link. Through all case studies we aim to demonstrate what CSR/ ESG/ sustainability reporting done responsibly means. Essentially, it means: a) identifying a company’s most important impacts on the environment, economy and society, and b) measuring, managing and changing. 

Layout 1

Abstract

Creating value for employees, suppliers, lenders and all its other stakeholders, is a top priority for Akademiska Hus. In order to create economic value for its stakeholders Akademiska Hus took action to:

  • create economic value for employees
  • create economic value for suppliers
  • create economic value for the Board and CEO
  • create economic value for lenders
  • create economic value for shareholders
  • create economic value for the government

What are the material issues the company has identified?

In its 2021 Annual and Sustainability Report Akademiska Hus identified a range of material issues, such as value-adding knowledge environments, responsible relationships, caring for people, resource-efficient operations. Among these, creating economic value for its stakeholders stands out as a key material issue for Akademiska Hus.

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 Akademiska Hus engages with:

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

Stakeholder Group                Method of engagement
Customers

(and their employees)

 ·      Meetings with decision-makers

·      Campus plans

·      Common knowledge seminars

·      Common development projects

·      Common communication activities

·      Needs dialogues

·      Customer satisfaction surveys
Undergraduate and

graduate students

 ·      Interviews and meetings on campus, for example with student associations

·      Sustainability days

·      Innovation contests

·      Common research projects
Employees ·      Performance reviews/project-specific appraisal assignment

·      Questionnaire on the impact of the pandemic on the workplace

·      Digital knowledge seminars
Suppliers ·      Meetings related to procurement of framework contracts and orders

·      Structured introduction of contractors and suppliers

·      The roles of contract owners and contract managers have been designed for greater clarity in the relationship

·      Audits
Local and business communities

 

 

 ·      Development meetings in region/city

·      Citizen and business community dialogues on development plans

·      Involvement and participation in issues in various industry organisations

·      Participate in many research and innovation projects
Owner

 

 

 ·      Annual strategy seminar

·      Annual follow-up with the owner unit

·      Meetings of the sustainability group for state-owned companies

·      Board meetings
Lenders, banks and credit rating agencies ·      Meetings out in conjunction with financial reports

·      Contact in conjunction with borrowing

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

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

  • Creating economic value for employees
  • In 2021, Akademiska Hus paid SEK 327 thousand for employee wages and benefits.
  • Creating economic value for suppliers
  • In 2021, Akademiska Hus paid SEK 1,574 thousand to suppliers.
  • Creating economic value for the Board and CEO
  • In 2021, Akademiska Hus paid SEK 19 thousand in fees and remuneration to the Board and CEO.
  • Creating economic value for lenders
  • In 2021, Akademiska Hus paid SEK 55 thousand in interest to lenders.
  • Creating economic value for shareholders
  • In 2021, Akademiska Hus paid SEK 2,142 thousand in dividends to shareholders.
  • Creating economic value for the government
  • In 2021, Akademiska Hus paid SEK 584 thousand in tax.

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

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

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

 

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

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

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

7 GRI sustainability disclosures get you started

Any size business can start taking sustainability action

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

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

See upcoming training dates.

References:

This case study is based on published information by Akademiska Hus, 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.akademiskahus.se/globalassets/dokument/ekonomi/ekonomiska-rapporter/annual-report-2021.pdf

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

]]> Case study: How UOL creates economic value for its stakeholders https://sustaincase.com/case-study-how-uol-creates-economic-value-for-its-stakeholders/ Fri, 24 Nov 2023 06:57:55 +0000 https://ccprowebs.com/new-sustaincase.com/?p=15561 UOL Group Limited (UOL) is one of Singapore’s leading public-listed property companies with total assets of about $20 billion and a diversified portfolio of development and investment properties, hotels and serviced suites in Asia, Oceania, Europe and North America. , while focusing on its environmental and social impacts. This case study is based on the 2021 Sustainability Report by UOL, 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 […]

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

]]> UOL Group Limited (UOL) is one of Singapore’s leading public-listed property companies with total assets of about $20 billion and a diversified portfolio of development and investment properties, hotels and serviced suites in Asia, Oceania, Europe and North America. UOL seeks to deliver sustainable business growth and create value for all its stakeholders  Tweet This!, while focusing on its environmental and social impacts.

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

Operating sustainably in a way that creates long-lasting positive value for its stakeholders is a top priority for UOL. In order to create economic value for its stakeholders UOL took action to:

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

What are the material issues the company has identified?

In its 2021 Sustainability Report UOL identified a range of material issues, such as climate change, diversity and equal opportunity, data protection, product quality. Among these, creating economic value for its stakeholders stands out as a key material issue for UOL.

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 UOL engages with:   

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

Stakeholder Group                Method of engagement
Business Partners

 

 ·      Regular coordination meetings

·      Sharing of industry best practices
Communities

 

 ·      Collaboration with community partners

·      Public engagement channels

·      Media engagements

·      Quarterly corporate newsletter
Employees

 

 ·      Sharing growth strategy plans

·      Annual performance appraisals

·      Regular townhall meetings

·      Training workshops

·      Regular employee engagement sessions

·      Long Service Awards

·      Volunteer programmes

·      Intranet
Home Buyers

 

 

 ·      Dedicated email and phone feedback channels

·      Dedicated customer service teams to address buyers’ concerns and defect rectification issues
Hotel Guests

 

 

 ·      Guest services

·      Print and online media

·      Social media

·      Membership communications and loyalty programme
Investors

 

 

 ·      Annual General Meetings

·      Results briefings and business updates at least twice a year

·      Investor conferences

·      Regular investors and media meetings

·      Corporate website

·      Media releases and interviews

·      Annual reports and sustainability reports
Regulators

 

 ·      Briefing and consultation

·      Partnering with government agencies to improve productivity and industry standards

·      Participation in industry associations such as Real Estate Developers Association of Singapore (REDAS)
Shoppers

 

 ·      Customer service counter

·      Dedicated email and phone feedback

·      Social media channels

·      Loyalty programme
Tenants

 

 

 ·      Constant dialogue

·      Fit-out guidelines

·      Recycling programme

·      Loyalty programme to bring repeat customers

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

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

  • Creating economic value for employees
  • In 2021, UOL paid $222,651 thousand for employees’ salaries, wages and benefits and directors’ remuneration.
  • Creating economic value for the government
  • In 2021, UOL paid $146,467 thousand in corporate and property taxes.
  • Creating economic value for providers of capital
  • In 2021, UOL paid $234,956 thousand to providers of capital.

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

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

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

 

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

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

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

7 GRI sustainability disclosures get you started

Any size business can start taking sustainability action

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

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

See upcoming training dates.
References:

This case study is based on published information by UOL, 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.uol.com.sg/wp-content/uploads/uol-reports/files/UOL_Sustainability_Report_2021.pdf

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

]]> Case study: How NEINVER creates economic value for its stakeholders https://sustaincase.com/case-study-how-neinver-creates-economic-value-for-its-stakeholders/ Wed, 22 Nov 2023 06:56:43 +0000 https://ccprowebs.com/new-sustaincase.com/?p=15558 NEINVER is a Spanish multinational company specialised in property development, investment and management. Founded in 1969, NEINVER manages 17 outlet centres and 4 retail parks and over 800 brands in six European countries: France, Germany, Italy, Poland, Spain and the Netherlands. This case study is based on the 2021 Annual Report by NEINVER, 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 […]

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

]]> NEINVER is a Spanish multinational company specialised in property development, investment and management. Founded in 1969, NEINVER manages 17 outlet centres and 4 retail parks and over 800 brands in six European countries: France, Germany, Italy, Poland, Spain and the Netherlands. Maximising value creation for all of its stakeholders, is a top priority for NEINVER.  Tweet This!

This case study is based on the 2021 Annual Report by NEINVER, 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

NEINVER seeks to create shared value, as reflected by the distribution of economic benefits among its various stakeholders: to suppliers through operating costs, to employees through salaries and social benefits, to financial institutions through financial costs and to the public sector through taxes and licence fees. In order to create economic value for its stakeholders NEINVER took action to:

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

What are the material issues the company has identified?

In its 2021 Annual Report NEINVER identified a range of material issues, such as legal compliance, operational performance, anticorruption, bribery and fraud, adaptation to market needs. Among these, creating economic value for its stakeholders stands out as a key material issue for NEINVER.

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 NEINVER engages with:   

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

Stakeholder Group                Method of engagement
Investors and

joint venture

partners

 

 

 ·      Annual reports

·      Regular reporting on the performance of shared assets

·      Regular meetings with senior company management and centre managers

·      Website and media
Employees

 

 ·      Intranet

·      Executive leadership emails

·      Personal interviews, briefings between management and teams

·      Professional development and trainings

·      Surveys
Tenants

 

 ·      Performance reports

·      Satisfaction surveys

·      Regular contact at centre and corporate level

·      Bulletin boards and extranet

·      Complaints and claims system

·      Mystery shopper
Consumers

 

 

 ·      The Style Outlets websites and newsletters to inform on product, promotions and activities

·      Guest Services direct interactions

·      Satisfaction surveys

·      Customer service systems and mechanisms for receiving suggestions (onsite and on-line)

·      Operational screens (MUPI)

·      Social media monitoring and engagement

·      Information through the media
Society

 

 

 ·      Meetings with the main socioeconomic players in each area

·      Collaboration and sponsorship at cultural activities and events

·      Social media, media and information points at the centres

·      Channels for sharing complaints and suggestions
Government and local authorities

 

 ·      Regular contact with local and regional authorities

·      Regular inspections

·      Industry events and meetings
Industry

 

 ·      Participation in national and international sector conferences, events and fairs

·      Presence in the steering committees of sector organisations

·      Participation in industry reports
Suppliers

 

 ·      On-line occupational risk prevention platform for suppliers

·      Coordination meetings
Financial bodies

 

 ·      Regular reports and annual accounts.

·      Regular meetings

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

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

  • Creating economic value for employees
  • In 2021, NEINVER paid €17,2 million for employee salaries and benefits.
  • Creating economic value for suppliers
  • In 2021, NEINVER paid €44,6 million to suppliers.
  • Creating economic value for providers of capital
  • In 2021, NEINVER paid €8,6 million to providers of capital.
  • Creating economic value for governments
  • In 2021, NEINVER paid €4,8 million to governments.

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

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

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

 

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

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

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

7 GRI sustainability disclosures get you started

Any size business can start taking sustainability action

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

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

See upcoming training dates.
References:

This case study is based on published information by NEINVER, 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.neinver.com/wp-content/uploads/2023/08/2021-Annual-Report_ok.pdf

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

]]> Case study: How LSR Group creates economic value for its stakeholders https://sustaincase.com/case-study-how-lsr-group-creates-economic-value-for-its-stakeholders/ Mon, 20 Nov 2023 06:59:44 +0000 https://ccprowebs.com/new-sustaincase.com/?p=15553 Operating in the Russian construction and real estate market for 27 years, LSR Group is one of the largest developers in the Russian Federation. This case study is based on the 2020 Sustainability Report by LSR 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.  In 2020, the direct economic value generated by LSR Group was […]

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

]]> Operating in the Russian construction and real estate market for 27 years, LSR Group is one of the largest developers in the Russian Federation. LSR Group’s strong market and financial position makes it confident about its business outlook and allows LSR Group to create sustainable value for all its stakeholders.  Tweet This!

This case study is based on the 2020 Sustainability Report by LSR 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. 

In 2020, the direct economic value generated by LSR Group was RUB 121,494 million, of which RUB 90,285 million were distributed to LSR Group’s key stakeholders. In order to create economic value for its stakeholders LSR Group 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 2020 Sustainability Report LSR Group identified a range of material issues, such as customer satisfaction, occupational health and safety, employee training and development, product quality and customer safety. Among these, creating economic value for its stakeholders stands out as a key material issue for SMPC.

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 LSR Group engages with:

Stakeholder Group                Method of engagement
Shareholders and investors

 

 

 ·      General Meeting of Shareholders

·      Publishing corporate statements

·      Publishing press releases, presentations, and news

·      LSR Group participation in investor conferences

·      Organising site visits for investors

·      Working with rating agencies and analysts

·      Attending roadshows and organising capital markets days
Government and regulators

 

 ·      Preparing and publishing reports in accordance with legislative requirements

·      Internal checks and inspections by government authorities

·      Acting on comments and improvement notices

·      LSR Group participation in law-making processes and initiatives

·      Implementing charitable projects and building social infrastructure
Employees

 

 

 

 ·      Supporting internal communication channels (the corporate magazine, TV channel, social media accounts, the LSR Group internal web portal)

·      Handling, reviewing, and responding to reports received via the Trust hotline

·      Running incentive programmes

·      Raising awareness of, and conducting training in occupational health and safety

·      Holding sporting, charitable, and cultural events

·      Implementing employee health initiatives

·      Providing decent social and living conditions for workers

·      Providing social benefits

·      Training and upskilling at training centres

·      Working together with educational institutions to attract young talent

·      Holding initiatives to boost employee satisfaction
Customers

 

 

 ·      Signing contracts and agreements

·      Conducting competitive procurement procedures (www.zakupki.lsr.ru)

·      Counterparty and bidder screening and due diligence

·      Assessing product compliance with safety and quality standards

·      Regular contractor checks to ensure product compliance with relevant requirements
Local communities

 

 ·      Collaborating with charity foundations and other not-for-profit organisations to implement social and charitable projects

·      Supporting the construction of social infrastructure

·      Organising cultural and entertainment events across regions of operation

·      Holding management meetings with the representatives of local communities to discuss current issues

·      Supporting projects to preserve architectural monuments and cultural initiatives
Media

 

 ·      Publishing press releases about key events

·      Holding briefings, presentations, and conferences for the media

·      Arranging for personal meetings and interviews

·      Regular support to the media and industry periodicals

·      Creating LSR’s own YouTube expert platform

·      Cooperation with regulators in the media
Public organisations

 

 ·      Participating in industry associations

·      Participating in industry conferences, seminars, and forums

·      Participating in professional and other industry competitions

·      Taking part in the development of professional standards in the construction industry

·      Membership in sustainability, in particular green construction, organisations

How stakeholder engagement was made to identify material issues

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

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

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

  • Creating economic value for employees
  • In 2020, LSR Group paid RUB 12,681 million for employee wages and salaries.
  • Creating economic value for providers of capital
  • In 2020, LSR Group paid RUB 11,302 million to providers of capital.
  • Creating economic value for the government
  • In 2020, LSR Group paid RUB 4,710 million to the government.
  • Creating economic value for communities
  • In 2020, LSR Group spent RUB 424 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 LSR 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.lsrgroup.ru/assets/files/2021/lsr-our-2020-eng.pdf

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

]]> Case study: How Sino Land creates economic value for its stakeholders https://sustaincase.com/case-study-how-sino-land-creates-economic-value-for-its-stakeholders/ Fri, 20 Oct 2023 06:00:32 +0000 https://ccprowebs.com/new-sustaincase.com/?p=15472 Sino Land Company Limited, headquartered in Hong Kong, is one of three companies of Sino Group, whose core business encompasses the development of residential, office, industrial and retail properties for sale and investment in Mainland China, Hong Kong, Singapore and Sydney. , ensuring that they all grow more resilient together. This case study is based on the 2022 Sustainability Report by Sino Land, 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 […]

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

]]> Sino Land Company Limited, headquartered in Hong Kong, is one of three companies of Sino Group, whose core business encompasses the development of residential, office, industrial and retail properties for sale and investment in Mainland China, Hong Kong, Singapore and Sydney. Sino Land seeks to create long-term value for its stakeholders and the communities in which it operates  Tweet This!, ensuring that they all grow more resilient together.

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

Sino Land has integrated sustainability into all aspects of its business and operations while deploying innovative solutions, as it seeks to create sustainable value for all its stakeholders for a healthier and better future. In order to create economic value for its stakeholders Sino Land took action to:

  • create economic value for employees
  • create economic value for providers of capital
  • create economic value for the state
  • create economic value for the community

What are the material issues the company has identified?

In its 2022 Sustainability Report Sino Land identified a range of material issues, such as climate resilience and GHG emissions, ethics and integrity, health and safety, energy consumption and efficiency, sustainable buildings. Among these, creating economic value for its stakeholders stands out as a key material issue for Sino Land.

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 Sino Land engages with:

Stakeholder Group                Method of engagement
Executive Board Members ·      One-on-one interviews

·      Surveys

·      Regular meetings
Investors/Analysts/ Shareholders

 

 

 ·      Surveys

·      Annual general meetings

·      Annual and interim reports

·      Press releases, announcements and circulars

·      Investor conferences

·      Analyst briefings
Employees

 

 

 ·      Surveys

·      Town hall and mini-town hall meetings

·      Staff magazine and app (InSino)

·      New hire orientation

·      Intranet (SinoNet)

·      Sinovation programme

·      Sino Sustainability Academy

·      Grievance mechanisms
Tenants/Customers/ Residents

 

 ·      One-on-one interviews

·      Surveys

·      Handover service surveys (property buyers)

·      Customer satisfaction surveys

·      Home visits by property management teams

·      Customer service hotline

·      Regular gatherings

·      Social media

·      Daily personal contact

·      Mailings and publications (LifeScape)

·      Sino Club

·      Grievance mechanisms
Partners/Suppliers/ Contractors

 

 

 

 ·      One-on-one interviews

·      Surveys

·      Tendering process

·      Meetings and conferences

·      Exhibitions

·      Site visits

·      Grievance mechanisms
Peers

 

 ·      Surveys

·      Industry events

·      Joint projects

·      Meetings and conferences
Academia

 

 ·      One-on-one interviews

·      Surveys

·      Joint projects
Government

 

 ·      One-on-one interviews

·      Surveys

·      Joint projects

·      Meetings and conferences
Trade Associations/ Industry Organisations

 

 ·      One-on-one interviews

·      Surveys

·      Industry events

·      Meetings and conferences
Media

 

 ·      Surveys

·      Press releases

·      Media briefings, conferences and luncheons

·      One-on-one interviews

·      Social media
NGOs/Local Communities

 

 ·      One-on-one interviews

·      Surveys

·      Regular meetings with green and community partners

·      Joint projects

·      Volunteer opportunities

·      Charitable events

·      Art exhibitions and functions

How stakeholder engagement was made to identify material issues

To identify and prioritise material topics Sino Land engaged with over 700 individuals representing 11 key stakeholder groups, including senior management, who participated in a stakeholder engagement exercise by either completing an online questionnaire or participating in interviews.

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

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

  • Creating economic value for employees
  • In 2021/2022, Sino Land paid HK$ 1,572,902,250 for employee wages and benefits.
  • Creating economic value for providers of capital
  • In 2021/2022, Sino Land paid HK$ 6,276,733,848 to providers of capital.
  • Creating economic value for the state
  • In 2021/2022, Sino Land paid HK$ 337,541,289 in Hong Kong profits tax and HK$ 60,757,803 in taxation in other jurisdictions.
  • Creating economic value for the community
  • In 2021/2022, Sino Land spent HK$ 17,721,000 in community investment (i.e. charitable donations and sponsorship).

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 Sino Land, 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://web-media.sino.com/20a53f0a-15c8-0029-b8df-e495023b403f/c9c7c415-b520-469c-b58f-8a421b87cd1b/Sino Land Company Limited Sustainability Report 2022 %28English%29.pdf

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

]]> Case study: How Citycon creates economic value for its stakeholders https://sustaincase.com/case-study-how-citycon-creates-economic-value-for-its-stakeholders/ Wed, 11 Oct 2023 06:04:08 +0000 https://ccprowebs.com/new-sustaincase.com/?p=15444 Citycon is a leading owner, manager and developer of mixed-use centres for urban living including retail, office space and housing, committed to sustainable property management in the Nordic region with assets that total approximately EUR 4.5 billion. Citycon’s ambition is to make sustainable thinking and action the trademarks of its company culture, and to create long-term value for all its stakeholders while working for a better tomorrow. This case study is based on the 2021 Sustainability Accounts by Citycon, prepared in accordance with the GRI Standards, that can be found at this link. Through all case studies we aim to […]

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

]]> Citycon is a leading owner, manager and developer of mixed-use centres for urban living including retail, office space and housing, committed to sustainable property management in the Nordic region with assets that total approximately EUR 4.5 billion. Citycon’s ambition is to make sustainable thinking and action the trademarks of its company culture, and to create long-term value for all its stakeholders while working for a better tomorrow.

This case study is based on the 2021 Sustainability Accounts by Citycon, 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. 

Citycon is firmly committed to generating sustainable value for all its stakeholders  Tweet This!, including employees, providers of capital and governments. In order to create economic value for its stakeholders Citycon took action to:

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

What are the material issues the company has identified?

In its 2021 Sustainability Accounts Citycon identified a range of material issues, such as health and safety in shopping centres, ethical business conduct and transparency, energy efficiency and CO2 footprint, sustainable construction and green buildings. Among these, creating economic value for its stakeholders stands out as a key material issue for Citycon.

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 Citycon engages with:

Stakeholder Group
Consumers
Tenants
Employees
Investors and shareholders
Analysts
Partners
Local communities
Municipalities
Media
NGOs
Industry associations

How stakeholder engagement was made to identify material issues

To identify and prioritise material topics Citycon engaged with its stakeholders through workshops, interviews and surveys that engaged both internal and external stakeholders.

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

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

  • Creating economic value for employees
  • In 2021, Citycon paid MEUR 20.3 for employee wages and salaries.
  • Creating economic value for providers of capital
  • In 2021, Citycon paid MEUR 91.1 to providers of capital (paid and received financial expenses as well as realised exchange rate losses/gains).
  • Creating economic value for governments
  • In 2021, Citycon paid MEUR 2.1 in income taxes and MEUR 9.1 in property taxes.

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

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

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

 

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

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

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

7 GRI sustainability disclosures get you started

Any size business can start taking sustainability action

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

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

See upcoming training dates.
References:

This case study is based on published information by Citycon, 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.citycon.com/sites/default/files/material/sustainability-accounts-2021-citycon.pdf

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

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]]> Case study: How Atrium Ljungberg creates economic value for its stakeholders https://sustaincase.com/case-study-how-atrium-ljungberg-creates-economic-value-for-its-stakeholders/ Fri, 29 Sep 2023 05:51:24 +0000 https://ccprowebs.com/new-sustaincase.com/?p=15416 Atrium Ljungberg develops and manages properties, focused on developing attractive urban environments where offices, residentials and retail mix with culture, services, healthcare and education. Atrium Ljungberg’s vision – developing attractive and sustainable urban environments where people want to live, work and spend time – enables it to create sustainable value for the company and, therefore, for its shareholders and society. This case study is based on the 2021 Annual and Sustainability Report by Atrium Ljungberg, 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/ […]

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]]> Atrium Ljungberg develops and manages properties, focused on developing attractive urban environments where offices, residentials and retail mix with culture, services, healthcare and education. Atrium Ljungberg’s vision – developing attractive and sustainable urban environments where people want to live, work and spend time – enables it to create sustainable value for the company and, therefore, for its shareholders and society.

This case study is based on the 2021 Annual and Sustainability Report by Atrium Ljungberg, prepared in accordance with the GRI Standards, that can be found at this link. Through all case studies we aim to demonstrate what CSR/ ESG/ sustainability reporting done responsibly means. Essentially, it means: a) identifying a company’s most important impacts on the environment, economy and society, and b) measuring, managing and changing. 

In 2021, the economic value distributed by Atrium Ljungberg reached SEK 2,378 million.  Tweet This! In order to create economic value for its stakeholders Atrium Ljungberg took action to:

  • create economic value for employees
  • create economic value for the Board and CEO
  • create economic value for financiers
  • create economic value for shareholders
  • create economic value for society

What are the material issues the company has identified?

In its 2021 Annual and Sustainability Report Atrium Ljungberg identified a range of material issues, such as energy, anti-corruption, emissions, non-discrimination and equal opportunities, employment. Among these, creating economic value for its stakeholders stands out as a key material issue for Atrium Ljungberg.

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 Atrium Ljungberg engages with:

Stakeholder Group                Method of engagement
Customers ·      Continuous dialogue in management

·      Annual customer survey

·      Collaboration in projects on new production, reconstruction and green lease contracts
Owners and investors

 

 ·      Feedback in connection with the sustainability assessment

·      Investor meetings

·      Annual strategy conference with the Board
Employees

 

 ·      Employee survey

·      Performance management process

·      Meetings and workshops
Municipalities (society) ·      Meetings and workshops

·      Processing cases
Suppliers

 

 ·      Continuous dialogue in projects

·      Dialogue for procurements and enquiries

How stakeholder engagement was made to identify material issues

To identify and prioritise material topics Atrium Ljungberg engaged with its stakeholders through individual interviews and web surveys.

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

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

  • Creating economic value for employees
  • In 2021, Atrium Ljungberg paid SEK 277 million in salaries and compensation to employees.
  • Creating economic value for the Board and CEO
  • In 2021, Atrium Ljungberg paid SEK 31 million in fees and compensation to the Board and CEO.
  • Creating economic value for financiers
  • In 2021, Atrium Ljungberg paid SEK 378 million to financiers.
  • Creating economic value for shareholders
  • In 2021, Atrium Ljungberg paid SEK 640 million in dividends to shareholders.
  • Creating economic value for society
  • In 2021, Atrium Ljungberg paid SEK 355 million in tax and SEK 2 million in social 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

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  • Formulate in group exercises your plan for action. Begin taking solid, focused, all-round sustainability action ASAP. 
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References:

This case study is based on published information by Atrium Ljungberg, 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://mb.cision.com/Main/1145/3529045/1551393.pdf

Note to Atrium Ljungberg: 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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