SDG8 Archives - SustainCase - Sustainability Magazine https://sustaincase.com/category/sdgs-category/sdg8/ 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... Mon, 02 Dec 2024 06:53:24 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 Case study: How MMS creates economic value for its stakeholders https://sustaincase.com/case-study-how-mms-creates-economic-value-for-its-stakeholders/ Mon, 02 Dec 2024 06:52:35 +0000 https://sustaincase.com/?p=20028 The McMillan Shakespeare (MMS) Group is a provider of salary packaging, novated leasing, disability plan management and support coordination, asset management and related financial products and services, employing a highly committed team of c.1,300 people across Australia, New Zealand and the United Kingdom. The positive outcomes and sustainable value MMS creates for its customers and all its stakeholders, are key to MMS’s success as a business. This case study is based on the 2023 Sustainability Report by MMS, 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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]]> The McMillan Shakespeare (MMS) Group is a provider of salary packaging, novated leasing, disability plan management and support coordination, asset management and related financial products and services, employing a highly committed team of c.1,300 people across Australia, New Zealand and the United Kingdom. The positive outcomes and sustainable value MMS creates for its customers and all its stakeholders, are key to MMS’s success as a business.

This case study is based on the 2023 Sustainability Report by MMS, 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 

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

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

What are the material issues the company has identified? 

In its 2023 Sustainability Report MMS identified a range of material issues, such as climate change, data privacy and cyber security, governance and business ethics, accessibility and social inclusion. Among these, creating economic value for its stakeholders stands out as a key material issue for MMS.

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 MMS engages with:

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

Stakeholder Group                Method of engagement
Investors

 

 ·      Meetings with Executives and Directors

·      Full and half year results presentations

·      Analyst briefings

·      Investor roadshows

·      Annual General Meeting
Customers (B2C)

 

 

 

 ·      Daily interactions via call centres and digital platforms (Apps, Websites, Maxxia Online and RemServ Online, LiveChat, emails and social)

·      Customer surveys

·      In-person and online education sessions

·      Social media

·      Complaints management processes
Clients (B2B)

 

 ·      Formal and informal meetings with relationship managers and events (e.g. boardroom lunches, speaker events, charitable events)
Employees ·      Internal communication channels

·      Video communications from the CEO

·      Annual staff roadshow

·      Employee engagement surveys and pulse checks

·      Learning and development programmes
Suppliers

 

 ·      Formal and informal meetings

·      Contract renewals and risk assessments
Government/ regulators

 

 ·      Regular meetings and ongoing engagement

·      Industry conferences

·      Submissions to inquiries
Industry associations

 

 ·      Ongoing engagement with peak industry bodies, including Director and Secretary responsibilities of the National Automotive Leasing and Salary Packaging Association (NALSPA)

·      Members of the Australian Finance Industry Association (AFIA), the Electric Vehicle Council (EVC), the Disability Intermediaries Association (DIA) and the Australian Network on Disability (AND)

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

In its 2023 Sustainability Report MMS reports that it took the following actions for creating economic value for its stakeholders:

  • Creating economic value for employees
  • In FY23, MMS paid $M 174.0 in salaries and related employee expenses.
  • Creating economic value for shareholders
  • In FY23, MMS paid $M 91.9 in dividends.
  • Creating economic value for the state
  • In FY23, MMS paid $M 27.7 in dividends.
  • Creating economic value for communities
  • In FY23, MMS spent $ 464,659 in corporate donations and sponsorships.

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 MMS, 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://mmsg.com.au/wp-content/uploads/2023/09/FY23-Sustainability-Report-FINAL.pdf

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

]]> Case study: How Acer creates economic value for its stakeholders https://sustaincase.com/case-study-how-acer-creates-economic-value-for-its-stakeholders/ Fri, 29 Nov 2024 06:51:48 +0000 https://sustaincase.com/?p=20022 Founded in 1976, Acer is one of the world’s top ICT companies with a presence in more than 160 countries and 7,700 employees dedicated to the research, design, marketing, sale, and support of products and solutions that break barriers between people and technology. This case study is based on the 2022 Sustainability Report by Acer, 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, […]

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

]]> Founded in 1976, Acer is one of the world’s top ICT companies with a presence in more than 160 countries and 7,700 employees dedicated to the research, design, marketing, sale, and support of products and solutions that break barriers between people and technology. Acer seeks to leverage and implement its core competencies, so as to generate sustainable value for all its stakeholders.  Tweet This!

This case study is based on the 2022 Sustainability Report by Acer, 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, through its operations, long-term value for employees, shareholders and all its stakeholders, is a key priority for Acer. In order to create economic value for its stakeholders Acer took action to:

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

What are the material issues the company has identified?  

In its 2022 Sustainability Report Acer identified a range of material issues, such as energy, carbon emissions and climate action, information security and privacy protection, product responsibility and customer safety. Among these, creating economic value for its stakeholders stands out as a key material issue for Acer.

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 Acer engages with: 

Stakeholder Group                Method of engagement
Employees

 

 ·      Acer Good News

·      Acer Daily News

·      Chairman & CEO’s message

·      Internal Website (My Acer/company intranet)

·      External Website (Acer Group)

·      Labour-Management Meetings/Employee Representatives Organization

·      Employee Benefits Committee

·      Email Bulletins

·      Internal Investigations

·      Education and Training

·      Pandemic Prevention Team Mailbox
Charity Groups/Communities

 

 

 ·      Acer Sustainability Website

·      Sustainable Report

·      Acer Official Website

·      Acer Foundation Website

·      Volunteer Activities

·      Complaints Mailbox
Customers

 

 ·      Email and Telephone Contacts

·      Questionnaires and Surveys

·      Acer Sustainability Website

·      Corporate Sustainable Report

·      Corporate Responsibility Mailbox (cr@acer.com)

·      Acer Official Website

·      Customer Service Line

·      Online Chat

·      Social Networking Software
Suppliers

 

 ·      Annual Supplier ESG Communication Meetings

·      ESG Scorecard

·      RBA On-site Examination

·      Launch Second-tier Supply Chain RBA Management (document review, on-site spot-checks)

·      On-site Education and Training

·      Business Review Meetings

·      Supplier Surveys

·      Whistleblower Complaint Mailbox
Investors

 

 ·      Regular Shareholders’ Meeting/Institutional Investors’ Conference Call

·      Issue Annual Reports, Quarterly Reports and Sustainability Reports on a regular basis

·      Investor Mailbox

·      Investor Relations Webpage

·      Analyst Report

·      Investors Summits

·      Investor Questionnaires
Industry Associations

 

 ·      Participating in organizational conferences and fulfilling membership obligations

·      Participating in cooperative events and meetings

·      Email and telephone
Educational and Research Institutions

 

 ·      Industry-Academia Exchanges

·      Surveys and Interviews

·      Conference Activities

·      Acer Sustainability Website

·      Sustainable Report
Government Agencies

 

 ·      Responding to Legal Advice

·      Policy Advice Meetings

·      Topic Meetings

·      Circular Economies and Innovation

·      Digital Inclusion and Social Philanthropy
Advocacy Organizations

 

 ·      Acer Sustainability Website

·      Sustainable Report

·      Questionnaires and Surveys

·      Corporate Responsibility Mailbox

·      Complaints Mailbox
Media

 

 ·      Press Conferences

·      Press Releases and Promotional Articles

·      Social and Digital Media

·      Corporate Websites

·      Marketing and Media Communication Events

How stakeholder engagement was made to identify material issues

To identify and prioritise material topics Acer engaged with its stakeholders through an online questionnaire.

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

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

  • Creating economic value for employees
  • In 2022, Acer paid NTD 14.251 billion for staff remuneration and welfare.
  • Creating economic value for shareholders
  • In 2022, Acer paid NTD 1.50 in dividends.
  • Creating economic value for the state
  • In 2022, Acer paid NTD 2.271 billion in income tax expense.

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 Acer, 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.acer.com/sustainability/uploads/files/shares/sustainability-report/2022_Acer_Sustainability_Report.pdf

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

]]> Case study: How GCC creates economic value for its stakeholders https://sustaincase.com/case-study-how-gcc-creates-economic-value-for-its-stakeholders/ Wed, 27 Nov 2024 06:55:23 +0000 https://sustaincase.com/?p=20008 Founded in Chihuahua, Mexico in 1941, GCC is a vertically integrated company with a global and sustainable approach operating in the United States, Mexico, and Canada, engaged in the production, marketing and distribution of gray portland cement, ready-mix concrete, aggregates, coal and construction-related services. This case study is based on the 2022 Sustainability Report by GCC, prepared in accordance with the GRI Standards, that can be found at this link. Through all case studies we aim to demonstrate what CSR/ ESG/ sustainability reporting done responsibly means. Essentially, it means: a) identifying a company’s most important impacts on the environment, economy and […]

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

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

This case study is based on the 2022 Sustainability Report by GCC, prepared in accordance with the GRI Standards, that can be found at this link. Through all case studies we aim to demonstrate what CSR/ ESG/ sustainability reporting done responsibly means. Essentially, it means: a) identifying a company’s most important impacts on the environment, economy and society, and b) measuring, managing and changing.

Layout 1

Abstract 

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

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

What are the material issues the company has identified?  

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

Stakeholder engagement in accordance with the GRI Standards   

The Global Reporting Initiative (GRI) defines the Principle of Stakeholder Inclusiveness when identifying material issues (or a company’s most important impacts) as follows:

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

Stakeholders must be consulted in the process of identifying a company’s most important impacts and their reasonable expectations and interests must be taken into account. This is an important cornerstone for CSR / sustainability reporting done responsibly.

Key stakeholder groups GCC engages with:

Stakeholder Group                Method of engagement
GCC Family

 

 ·      Safety talks

·      Humand

·      Team meetings

·      Surveys

·      Negotiations

·      One-on-one meetings

·      Corporate website

·      Project assignments
Suppliers

 

 ·      Surveys

·      Negotiations

·      RFP/RFQ

·      Corporate website

·      Information requests

·      Coupa Portal

·      Suppliers Portal
Customers

 

 ·      Surveys

·      Industry associations

·      Formal market research

·      Corporate website

·      Product information

·      One-on-one engagement
Investors

 

 ·      Annual, extraordinary or one-on-one meetings

·      Telephone calls

·      Investor conferences

·      Road shows

·      Website

·      Quarterly reports and conference calls
Government Relations & NGOs

 

 ·      Presentations

·      Website

·      Meetings

·      Industry associations

·      Third party audits

·      Multi-stakeholder forums

·      Permitting processes

·      Lobbying

·      Public meetings

·      Participation in local events
Communities

 

 ·      Participation in local events

·      Site tours

·      Website

·      Public meetings

·      Citizen advisory groups (U.S.)

·      Permitting processes

·      Donations (monetary and in kind)

How stakeholder engagement was made to identify material issues

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

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

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

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

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

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

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

 

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

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

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

7 GRI sustainability disclosures get you started

Any size business can start taking sustainability action

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

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

See upcoming training dates.

References:

This case study is based on published information by GCC, located at the link below. For the sake of readability, we did not use brackets or ellipses. However, we made sure that the extra or missing words did not change the report’s meaning. If you would like to quote these written sources from the original please revert to the following link:

https://www.gcc.com/wp-content/uploads/2023/07/GCC-Sustainability-Report-2022-MF-V2.pdf

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

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

]]> Case study: How Repsol creates economic value for its stakeholders https://sustaincase.com/case-study-how-repsol-creates-economic-value-for-its-stakeholders/ Mon, 25 Nov 2024 06:59:39 +0000 https://sustaincase.com/?p=19990 Repsol is a Spanish multinational energy and petrochemical company based in Madrid, with a mission to be an energy company committed to a sustainable world. Repsol’s vision is to be a global energy company that relies on innovation, efficiency and respect, to create sustainable value in the service of societal progress. This case study is based on the 2022 Integrated Management Report by Repsol, 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 Repsol creates economic value for its stakeholders appeared first on SustainCase - Sustainability Magazine.

]]> Repsol is a Spanish multinational energy and petrochemical company based in Madrid, with a mission to be an energy company committed to a sustainable world. Repsol’s vision is to be a global energy company that relies on innovation, efficiency and respect, to create sustainable value in the service of societal progress.

This case study is based on the 2022 Integrated Management Report by Repsol, prepared in accordance with the GRI Standards, that can be found at this link. Through all case studies we aim to demonstrate what CSR/ ESG/ sustainability reporting done responsibly means. Essentially, it means: a) identifying a company’s most important impacts on the environment, economy and society, and b) measuring, managing and changing.

Layout 1

Abstract 

In 2022, the economic value distributed by Repsol reached €69,646 million.  Tweet This! In order to create economic value for its stakeholders Repsol took action to:

  • create economic value for employees
  • create economic value for suppliers and contractors
  • create economic value for the public administration
  • create economic value for shareholders
  • create economic value for the financial community
  • create economic value for communities

What are the material issues the company has identified? 

In its 2022 Integrated Management Report Repsol identified a range of material issues, such as energy transition strategy and sustainable technologies, integrity, health and prevention of workplace accidents, labour rights and employee satisfaction. Among these, creating economic value for its stakeholders stands out as a key material issue for Repsol.

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 Repsol engages with:

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

Stakeholder Group                Method of engagement
Shareholders and financial community ·      Results presentations

·      Senior management Roadshows Events (AGM, Low Carbon Day)
Customers

 

 

 ·      Commercial network

·      Specialised events and trade fairs

·      Television and social networks

·      Repsol website
Society ·      Social programmes

·      Grievance mechanisms

·      Television

·      Social networks

·      Repsol website
Regulatory bodies and Institutions ·      Forums, seminars and conferences

·      Digital apps (webinars, etc.)

·      Repsol website (queries mailbox)
People in the organisation

 

 ·      Presentations or events

·      Intranet and e-mail

·      Trade union representatives
Media and opinion formers

 

 ·      Press releases

·      Specific interviews

·      Repsol website

·      Social networks
Companies and business associations ·      Trade negotiations

·      Seminars and conferences

·      Sector associations (OGCI, etc.)
Suppliers and partners

 

 ·      Trade negotiations

·      Trade fairs, forums and conferences

·      Digital platforms
Research centre ·      Conferences

·      Digital platforms

·      Seminars and conferences

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

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

  • Creating economic value for employees
  • In 2022, Repsol paid €1,955 million in personnel expenses.
  • Creating economic value for suppliers and contractors
  • In 2022, Repsol paid €57,058 million to suppliers and contractors.
  • Creating economic value for the public administration
  • In 2022, Repsol paid €9,230 million to the public administration.
  • Creating economic value for shareholders
  • In 2022, Repsol paid €910 million to shareholders.
  • Creating economic value for the financial community
  • In 2022, Repsol paid €444 million to the financial community.
  • Creating economic value for communities
  • In 2022, Repsol spent €49 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 Repsol, 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.repsol.com/content/dam/repsol-corporate/en_gb/accionistas-e-inversores/resultados/2022/q4/integrated-management-report-2022.pdf

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

]]> Case study: How Cambiaso Risso Marine creates economic value for its stakeholders https://sustaincase.com/case-study-how-cambiaso-risso-marine-creates-economic-value-for-its-stakeholders/ Fri, 22 Nov 2024 06:57:44 +0000 https://sustaincase.com/?p=19984 Cambiaso Risso Marine, headquartered in Genoa in Corso Andrea Podestà no.1, is an insurance consultant and broker in the hull and machine sectors, transported goods and Protection & Indemnity (P&I), shipyards and yachts. Distributing wealth to its stakeholders, such as employees (salaries and benefits), suppliers (operating costs) and the public administration (direct and indirect taxes), is a top priority for Cambiaso Risso Marine. This case study is based on the 2021 Sustainability Report by Cambiaso Risso Marine, prepared in accordance with the GRI Standards, that can be found at this link. Through all case studies we aim to demonstrate what CSR/ […]

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

]]> Cambiaso Risso Marine, headquartered in Genoa in Corso Andrea Podestà no.1, is an insurance consultant and broker in the hull and machine sectors, transported goods and Protection & Indemnity (P&I), shipyards and yachts. Distributing wealth to its stakeholders, such as employees (salaries and benefits), suppliers (operating costs) and the public administration (direct and indirect taxes), is a top priority for Cambiaso Risso Marine.

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

Layout 1

Abstract 

In 2021, the economic value distributed by Cambiaso Risso Marine to its stakeholders reached 13.9 million euros.  Tweet This! In order to create economic value for its stakeholders Cambiaso Risso Marine took action to:

  • create economic value for employees
  • create economic value for suppliers
  • create economic value for providers of capital
  • create economic value for the public administration
  • create economic value for communities

What are the material issues the company has identified? 

In its 2021 Sustainability Report Cambiaso Risso Marine identified a range of material issues, such as service quality and customer satisfaction, ethics and compliance, internationalisation, corporate welfare. Among these, creating economic value for its stakeholders stands out as a key material issue for Cambiaso Risso Marine.

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 Cambiaso Risso Marine engages with:

To identify and prioritise material topics Cambiaso Risso Marine engaged with its stakeholders through the following channels:

Stakeholder Group                Method of engagement
Customers ·      Events and expos

·      Website and social network
Shareholders ·      Periodic meetings
Operating partner ·      Specific meetings/ events

·      Social network
Employees and associates ·      Periodic meetings

·      Internal communication initiatives

·      Intranet

·      “Laboratory”: Body aimed at ensuring an open dialogue between top management and employees through bi-monthly meetings

·      Team building activities
Outsourced consultants ·      Periodic meetings

·      Website and social network
Financial community

 

 ·      Periodic meetings

·      Sharing events

·      Website and social network
Community and territory ·      Projects/ initiatives in favour of the territory

 
Agents

 

 ·      Periodic meetings

·      Website and social network
Associations ·      Periodic meetings

·      Participation in covering bodies

·      Website and social network
Suppliers

 

 ·      Periodic meetings

·      Sharing the Code of Ethics
Institutions and public administrations ·      Periodic meetings with representatives of local and public administration institutions and bodies

 

What actions were taken by Cambiaso Risso Marine to create economic value for its stakeholders?

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

  • Creating economic value for employees
  • In 2021, Cambiaso Risso Marine paid 8.063 million euros for employee salaries and benefits.
  • Creating economic value for suppliers
  • In 2021, Cambiaso Risso Marine paid 3.298 million euros to suppliers.
  • Creating economic value for providers of capital
  • In 2021, Cambiaso Risso Marine paid 218 million euros to providers of capital.
  • Creating economic value for the public administration
  • In 2021, Cambiaso Risso Marine paid 2.063 million euros to the public administration.
  • Creating economic value for communities
  • In 2021, Cambiaso Risso Marine spent 252 million euros 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 Cambiaso Risso Marine, 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.cambiasorisso.com/wp-content/uploads/2023/01/BDS_2021_ENG-gennaio22.pdf

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

]]> Case study: How Solaris creates economic value for its stakeholders https://sustaincase.com/case-study-how-solaris-creates-economic-value-for-its-stakeholders/ Wed, 20 Nov 2024 06:59:09 +0000 https://sustaincase.com/?p=19969 Solaris is one of the leading European producers of buses and trolleybuses, enjoying the most comprehensive portfolio of electric vehicles and services in continental Europe. This case study is based on the 2022 Sustainability Report by Solaris, 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, through its operations, long-term value for employees, providers of capital […]

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]]> Solaris is one of the leading European producers of buses and trolleybuses, enjoying the most comprehensive portfolio of electric vehicles and services in continental Europe. Building trust and distributing sustainable value through responsible action, is a top priority for Solaris.  Tweet This!

This case study is based on the 2022 Sustainability Report by Solaris, 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 operations, long-term value for employees, providers of capital and all its stakeholders, has always been of key importance for Solaris. In order to create economic value for its stakeholders Solaris took action to:

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

What are the material issues the company has identified?  

In its 2022 Sustainability Report Solaris identified a range of material issues, such as energy consumption and ways to reduce it, minimising the volume of waste, recycling, occupational health and safety, reducing energy and fuel consumption by vehicles. Among these, creating economic value for its stakeholders stands out as a key material issue for Solaris.

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 Solaris engages with:

Stakeholder Group                Method of engagement 
Employees ·      Internal communication tools (such as the Intranet, Przystanek magazine, internal newsletter sent out by e-mail, information on bulletin boards and TV screens)

·      Social media channels

·      Company’s multilingual website

·      CAF Group website

·      Meetings with trade unions

·      Work of the OHS Committee

·      Dual education programmes

·      Meetings of the Solaris Club for the Elderly

·      Whistle-blower channel

·      Regular Medical Check-ups in the Organisation
Consumers

 

 ·      Company’s multilingual website

·      Social media channels

·      CAF Group website
Suppliers

 

 

 ·      Company’s multilingual website

·      CAF Group website

·      Social media channels
Customers

 

 ·      Company’s multilingual website

·      CAF Group website

·      Social media channels

·      Solaris Customer Magazine

·      Industry-specific events

·      Company’s bilingual website promoting e-mobility (eCity by Solaris)

·      #SolarisTalks conferences for customers

·      Regular customer satisfaction surveys, Net Promoter Score (NPS) analysis

·      Customers’ reports following their tests of demo buses

·      Magbus spare parts platform for customers

·      Study visits by customers to production facilities
Media ·      Online press office

·      Social media channels

·      Company’s multilingual website

·       CAF Group website

·      Press conferences and relations with the media

·      Industry-specific events promoting e-mobility
Local governments

 

 ·      Social media channels

·      Company’s multilingual website

·      CAF Group website
Local communities

 

 ·      Social media channels

·      Company’s multilingual website

·      CAF Group website

·      Social campaigns

·      Visits of students from local schools focused on technical education relevant to Solaris’s business
Industry organisations

 

 ·      Social media channels

·      CAF Group website

·      Participation in trade fairs

·      Membership in associations and industry organisations

·      Vehicle launch events
Public administration

 

 ·      Social media channels

·      Company’s multilingual website

·      CAF Group website
Social organisations

 

 ·      Social media channels

·      Company’s multilingual website

·      CAF Group website

·      Social campaigns
Scientific institutions and higher education institutions ·      Social media channels

·      CAF Group website

·      Company’s multilingual website

How stakeholder engagement was made to identify material issues

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

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

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

  • Creating economic value for employees
  • In 2022, Solaris paid 66,925 thousand euros for employee wages, salaries and benefits.
  • Creating economic value for providers of capital
  • In 2022, Solaris paid 22,858 thousand euros to providers of capital.
  • Creating economic value for suppliers
  • In 2022, Solaris paid 483,902 thousand euros in purchases of materials.

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 Solaris, 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.solarisbus.com/public/assets/content/firma/esg/Solaris_Sustainability_Report_2022.pdf

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

]]> Case study: How Bionap creates economic value for its stakeholders https://sustaincase.com/case-study-how-bionap-creates-economic-value-for-its-stakeholders/ Mon, 18 Nov 2024 06:59:48 +0000 https://sustaincase.com/?p=19955 Bionap is a vertically integrated Italian company specialised in the research and production of standardised botanical extracts derived from plants and fruits of the Mediterranean area, for nutraceutical, cosmetic and veterinary markets. and maintained over time for future generations. This case study is based on the 2021 Integrated Sustainability Report by Bionap, 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 Bionap creates economic value for its stakeholders appeared first on SustainCase - Sustainability Magazine.

]]> Bionap is a vertically integrated Italian company specialised in the research and production of standardised botanical extracts derived from plants and fruits of the Mediterranean area, for nutraceutical, cosmetic and veterinary markets. For Bionap, sustainability means creating value to be shared with its stakeholders  Tweet This! and maintained over time for future generations.

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

The creation of value in the short/medium and long-term for all the company stakeholders, is a top priority for Bionap. In order to create economic value for its stakeholders Bionap took action to:

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

What are the material issues the company has identified?

In its 2021 Integrated Sustainability Report Bionap identified a range of material issues, such as carbon footprint, product quality and safety, raw material procurement, compliance, waste. Among these, creating economic value for its stakeholders stands out as a key material issue for Bionap.

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 Bionap engages with:

Stakeholder Group
Employees
Customers
Community
Suppliers
Credit institutions
Schools
NGOs
Contractors
Trade associations
Unions

How stakeholder engagement was made to identify material issues

To identify and prioritise material topics Bionap engaged with its stakeholders through dedicated virtual meetings.

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

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

  • Creating economic value for employees
  • In 2021, Bionap paid € 1,864,467 for employee wages and benefits.
  • Creating economic value for capital providers
  • In 2021, Bionap paid € 611,669 to capital providers.
  • Creating economic value for communities
  • In 2021, Bionap spent € 3,712 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 Bionap, 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://bionap.com/pdf/BIONAP_RI_2021.pdf

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

]]> Case study: How the Market Group creates economic value for its stakeholders https://sustaincase.com/case-study-how-market-group-creates-economic-value-for-its-stakeholders/ Fri, 15 Nov 2024 06:56:09 +0000 https://sustaincase.com/?p=19949 Headquartered in Budapest, the Market Group has grown to become one of the leading players in the Hungarian construction industry, combining professionalism, dedication and the strength of its experiences. Step by step, with persistent work, This case study is based on the 2021 Sustainability Report by the Market Group, prepared in accordance with the GRI Standards, that can be found at this link. Through all case studies we aim to demonstrate what CSR/ ESG/ sustainability reporting done responsibly means. Essentially, it means: a) identifying a company’s most important impacts on the environment, economy and society, and b) measuring, managing and changing. […]

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

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

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

Layout 1

Abstract 

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

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

What are the material issues the company has identified?

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

Stakeholder engagement in accordance with the GRI Standards              

The Global Reporting Initiative (GRI) defines the Principle of Stakeholder Inclusiveness when identifying material issues (or a company’s most important impacts) as follows:

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

Stakeholders must be consulted in the process of identifying a company’s most important impacts and their reasonable expectations and interests must be taken into account. This is an important cornerstone for CSR / sustainability reporting done responsibly.

Key stakeholder groups the Market Group engages with:

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

How stakeholder engagement was made to identify material issues

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

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

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

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

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

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

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

 

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

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

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

7 GRI sustainability disclosures get you started

Any size business can start taking sustainability action

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

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

See upcoming training dates.

References:

This case study is based on published information by the Market Group, located at the link below. For the sake of readability, we did not use brackets or ellipses. However, we made sure that the extra or missing words did not change the report’s meaning. If you would like to quote these written sources from the original please revert to the following link:

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

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

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

]]> Case study: How Aydem Renewables creates economic value for its stakeholders https://sustaincase.com/case-study-how-aydem-renewables-creates-economic-value-for-its-stakeholders/ Wed, 13 Nov 2024 06:54:14 +0000 https://sustaincase.com/?p=19925 Aydem Renewables is Aydem Energy’s company operating in the field of renewable energy generation, with 25 plants spread throughout Türkiye. Constantly striving for improvement in the area of renewable energy for today and tomorrow, Aydem Renewables seeks to create sustainable value for its customers, employees, suppliers, and society. This case study is based on the 2022 Sustainability Report by Aydem Renewables, 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 Aydem Renewables creates economic value for its stakeholders appeared first on SustainCase - Sustainability Magazine.

]]> Aydem Renewables is Aydem Energy’s company operating in the field of renewable energy generation, with 25 plants spread throughout Türkiye. Constantly striving for improvement in the area of renewable energy for today and tomorrow, Aydem Renewables seeks to create sustainable value for its customers, employees, suppliers, and society.

This case study is based on the 2022 Sustainability Report by Aydem Renewables, prepared in accordance with the GRI Standards, that can be found at this link. Through all case studies we aim to demonstrate what CSR/ ESG/ sustainability reporting done responsibly means. Essentially, it means: a) identifying a company’s most important impacts on the environment, economy and society, and b) measuring, managing and changing.

Layout 1

Abstract 

In 2022, the direct economic value distributed by Aydem Renewables reached TRY 1,386,068,215.  Tweet This! In order to create economic value for its stakeholders Aydem Renewables took action to:

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

What are the material issues the company has identified? 

In its 2022 Sustainability Report Aydem Renewables identified a range of material issues, such as climate change, business ethics, disaster and emergency preparedness, employee satisfaction and loyalty. Among these, creating economic value for its stakeholders stands out as a key material issue for Aydem Renewables.

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 Aydem Renewables engages with:

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

Stakeholder Group                Method of engagement
Employees ·      Idea Line (continuous)

·      Enport Intranet Platform (continuous)

·      Enbülten monthly online communication magazine (monthly)

·      Social events (continuous)

·      Management meetings (continuous)

·      Employee training (continuous)

·      Project group meetings (continuous)

·      IKON app (continuous)
Shareholders and investors

 

 

 ·      Board of Directors meetings (continuous)

·      Committee meetings (once per 3 months)

·      Investor relations web site (continuous)

·      General Assembly meetings (annual)

·      E-mail, phone, and discussions (continuous)
Holding and Group Companies ·      Board of Directors meetings (continuous)

·      General Assembly meetings (annual)
Public Institutions and Local Administrations ·      Sustainability Report (annual)

·      Activity Report (annual)

·      Online and face-to-face meetings (continuous)
Suppliers and Subcontractors

 

 ·      Sustainability Report (annual)

·      E-mail, phone, and discussions (continuous)

·      E-procurement (continuous)
Banks and Finance Institutions

 

 ·      Online and face-to-face meetings (continuous)

·      Congresses (continuous)

·      Reporting (instant)
Universities and Research Institutions and Consultants ·      Online and face-to-face meetings (continuous)

·      Congresses (continuous)
Independent Audit and Rating Agencies

 

 ·      Online and face-to-face meetings (continuous)

·      Congresses (continuous)

·      Reporting (instant)
Unions, Non-Government Organisations, and Industry Associations ·      Sustainability Report (annual)

·      Activity Report (annual)

·      Online and face-to-face meetings (continuous)
Society

 

 ·      Meetings and face-to-face discussions (continuous)

·      Projects (instant)
Media

 

 ·      Sustainability Report (annual)

·      Activity Report (annual)

·      Press bulletins (continuous)

·      Press meetings and face-to-face discussions (instant)

·      Industry meetings and congresses (continuous)
International Organisations ·      Projects (instant)

 
Customers ·      Projects (instant)

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

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

  • Creating economic value for employees
  • In 2022, Aydem Renewables paid TRY 167,396,789 for employee wages and side benefits.
  • Creating economic value for the state
  • In 2022, Aydem Renewables paid TRY 587,846,248 in taxes and similar payments to the state.
  • Creating economic value for communities
  • In 2022, Aydem Renewables spent TRY 876,290 in donations, sponsorship, and corporate responsibility spendings.

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 Aydem Renewables, 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.aydemyenilenebilir.com.tr/sustainability

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

]]> Case study: How FortisBC creates economic value for its stakeholders https://sustaincase.com/case-study-how-fortisbc-creates-economic-value-for-its-stakeholders/ Mon, 11 Nov 2024 06:55:07 +0000 https://sustaincase.com/?p=19908 FortisBC is in the business of providing energy solutions that contribute to a better British Columbia, delivering safe, reliable and affordable natural gas, electricity and propane – as well as renewable and low-carbon gases – to 1.2 million customers across the province. This case study is based on the 2022 Sustainability Report by FortisBC, 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 […]

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]]> FortisBC is in the business of providing energy solutions that contribute to a better British Columbia, delivering safe, reliable and affordable natural gas, electricity and propane – as well as renewable and low-carbon gases – to 1.2 million customers across the province. Generating, through its operations, long-term value for all its stakeholders, is a top priority for FortisBC.  Tweet This!

This case study is based on the 2022 Sustainability Report by FortisBC, prepared in accordance with the GRI Standards, that can be found at this link. Through all case studies we aim to demonstrate what CSR/ ESG/ sustainability reporting done responsibly means. Essentially, it means: a) identifying a company’s most important impacts on the environment, economy and society, and b) measuring, managing and changing.

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Abstract 

FortisBC constantly seeks to establish meaningful relationships with its stakeholders, and create sustainable value for all. In order to create economic value for its stakeholders FortisBC took action to:

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

What are the material issues the company has identified?  

In its 2022 Sustainability Report FortisBC identified a range of material issues, such as energy transition and innovation, community engagement and investment, emergency preparedness and response, labour practices and workforce human rights. Among these, creating economic value for its stakeholders stands out as a key material issue for FortisBC.

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 FortisBC engages with:

Stakeholder Group                Method of engagement
Local communities

 

 ·      charitable donations and sponsorships

·      charitable activities and events

·      partnerships with educational institutions

·      community and project consultation programmes

·      membership and participation in local Boards of Trade and Chambers of Commerce

·      employees serving on non-profit boards

·      employee volunteerism

·      active economic participation
Indigenous communities

 

 

 ·      activities and events

·      partnerships with educational institutions and mentorship, internship and scholarship programmes

·      resource planning workshops

·      donations and sponsorships

·      community and project consultation programmes

·      membership and participation in local Indigenous trades and training organisations

·      participation as a member of the Canadian Council for Aboriginal Businesses and maintaining FortisBC’s status as a Progressive Aboriginal Relations Committed member

·      active economic participation

·      Indigenous awareness training
Customers

 

 ·      energy efficiency programmes

·      customer service delivery

·      community outreach and Street team

·      community education programmes—school and public safety

·      customer bills, bill inserts and emails

·      Energy Moment monthly newsletter

·      customer surveys

·      websites

·      social media
Employees

 

 ·      departmental and team meetings

·      various leadership connections

·      employee-run groups and committees

·      corporate campaigns and events

·      formal process for concerns

·      union relations (IBEW local 213, MoveUP local 378)

·      employee and leadership development programmes and offerings

·      cross-utility working groups

·      safety meetings and safety moments

·      performance management discussions, including succession planning

·      employee communications (CEO updates and safety newsletter)
Regulatory and government

 

 ·      focus on constructive regulatory relationships

·      participation in public policy and legislative consultations

·      providing responses to general industry requests from regulators

·      regular regulatory and government outreach

·      participate in industry associations and advisory groups

How stakeholder engagement was made to identify material issues

To identify and prioritise material topics FortisBC engaged with more than 80 stakeholders comprised of internal business leaders and external groups including customers, municipalities, Indigenous and community partners, businesses and industry, government and regulators. Participants were asked to prioritise the most significant Environment, Social and Governance (ESG) issues and assess their impacts on FortisBC’s business, as well as FortisBC’s ability to facilitate improved outcomes.

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

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

  • Creating economic value for employees
  • In 2022, FortisBC paid $342 million for employee wages and benefits.
  • Creating economic value for providers of capital
  • In 2022, FortisBC paid $411 million to providers of capital.
  • Creating economic value for the government
  • In 2022, FortisBC paid $622 million to the government.
  • Creating economic value for communities
  • In 2022, FortisBC spent $4.5 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 FortisBC, 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.cdn.fortisbc.com/libraries/docs/wwwfortisbccomsustainabilityreportnewlibraries/default-document-library/23-081-9-4215685-fortisbc-sustainability-report-web.pdf?sfvrsn=fd615f85_1

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

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