Sector: Waste Management Archives - SustainCase - Sustainability Magazine https://sustaincase.com/category/waste-management/ 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... Fri, 19 Apr 2024 06:04:59 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 Case study: How Canvest creates economic value for its stakeholders https://sustaincase.com/case-study-how-canvest-creates-economic-value-for-its-stakeholders/ Fri, 19 Apr 2024 06:04:27 +0000 https://sustaincase.com/?p=18868 Headquartered in Hong Kong, Canvest Environmental Protection Group Company Limited is a leading integrated urban environmental protection and sanitation solutions provider. Canvest believes in the importance of creating shared value with its business activities, while supporting local economic development and prosperity. This case study is based on the 2021 Sustainability Report by Canvest, 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) […]

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]]> Headquartered in Hong Kong, Canvest Environmental Protection Group Company Limited is a leading integrated urban environmental protection and sanitation solutions provider. Canvest believes in the importance of creating shared value with its business activities, while supporting local economic development and prosperity.

This case study is based on the 2021 Sustainability Report by Canvest, 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 shared value for employees, shareholders and all other stakeholders, is a top priority for Canvest.  Tweet This! In order to create economic value for its stakeholders Canvest 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 2021 Sustainability Report Canvest identified a range of material issues, such as market presence, material usage, energy efficiency, waste management. Among these, creating economic value for its stakeholders stands out as a key material issue for Canvest.

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 Canvest engages with:

Stakeholder Group                Method of engagement
Investors, Shareholders

 

 ·      General meetings

·      Annual report and Interim report

·      Announcements and circulars

·      Investor roadshows
Business Partners

 

 ·      Regular/ad hoc meetings

·      Site visits

·      Announcements and circulars

·      Telephone/email
Employees

 

 ·      Work/project meetings

·      Performance review meetings

·      Internal publications

·      Employee relations/community activities

·      Employee suggestion box
Customers

 

 

 ·      Meetings

·      Audits and inspections

·      Site visits

·      Customer satisfactory questionnaire

·      Telephone/email
Contractors, Suppliers

 

 ·      Tendering process

·      Regular and ad hoc meetings

·      Audits and inspections

·      Telephone/email
Industry Associations

 

 ·      Industry association activities

·      Exhibitions

·      Site visits

·      Telephone/email
Non-Governmental

Organisations

 ·      Site visits

·      Telephone/email
Media

 

 ·      Press releases

·      Site visits

·      Telephone/email

How stakeholder engagement was made to identify material issues

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

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

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

  • Creating economic value for employees
  • In 2021, Canvest paid HK$ 488,983 in staff costs.
  • Creating economic value for shareholders
  • In 2021, Canvest paid HK$ 263,470 in dividends.
  • Creating economic value for the state
  • In 2021, Canvest paid HK$ 123,479 in taxes.
  • Creating economic value for communities
  • In 2021, Canvest paid HK$ 4,520 in charitable donations.

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

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

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

 

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

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

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

7 GRI sustainability disclosures get you started

Any size business can start taking sustainability action

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

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

See upcoming training dates.

References:

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

http://www.cre8ir.com/static/pdf/01381/2053/2022053102493.pdf

Note to Canvest: 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 Cleanaway creates economic value for its stakeholders https://sustaincase.com/case-study-how-cleanaway-creates-economic-value-for-its-stakeholders/ Wed, 13 Mar 2024 07:08:40 +0000 https://sustaincase.com/?p=17503 Cleanaway is Australia’s leading total waste management solutions provider, playing its part in driving positive sustainability outcomes. This case study is based on the 2022 Sustainability Report by Cleanaway, prepared in accordance with the GRI Standards, that can be found at this link. Through all case studies we aim to demonstrate what CSR/ ESG/ sustainability reporting done responsibly means. Essentially, it means: a) identifying a company’s most important impacts on the environment, economy and society, and b) measuring, managing and changing. Abstract In FY22, the economic value distributed by Cleanaway reached $M 2,773.4. In order to create economic value for its […]

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]]> Cleanaway is Australia’s leading total waste management solutions provider, playing its part in driving positive sustainability outcomes. Creating shared value for the environment, society and all its stakeholders, is a top priority for Cleanaway.  Tweet This!

This case study is based on the 2022 Sustainability Report by Cleanaway, 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 FY22, the economic value distributed by Cleanaway reached $M 2,773.4. In order to create economic value for its stakeholders Cleanaway 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 Cleanaway identified a range of material issues, such as environmental impact & compliance, greenhouse gas emissions & energy, workplace safety, health & wellbeing, community impact management. Among these, creating economic value for its stakeholders stands out as a key material issue for Cleanaway.

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 Cleanaway engages with:

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

Stakeholder Group                Method of engagement
Employees

 

 ·      Quarterly magazine

·      Updates on intranet

·      Text message alerts

·      Regular town halls

·      Toolbox talks and other site-level meetings

·      Annual employee engagement survey
Suppliers

 

 ·      Regular and direct communication to ensure reliable, compliant supply of goods and services
Communities ·      Community Reference Groups (CRG)

·      Open days at facilities

·      Local events

·      Website and social media channels
Customers

 

 ·      Direct account management, including regular in-person meetings, waste audits and training sessions

·      Platinum Service Centre

·      Inside Sales account team

·      Direct mail communications, including a monthly e-newsletter

·      Customer experience surveys
Business partners ·      Regular meetings
Governments and regulators

 

 ·      Formal channels to engage directly with governments and regulators

·      Industry associations
Capital providers

 

 ·      AGM

·      Analyst and investor briefings and meetings

·      Investor days

·      Site visits

·      Roadshows

·      Conference presentations

·      News summaries

·      Investor Hub

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

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

  • Creating economic value for employees
  • In FY22, Cleanaway paid $M 820.5 for employee wages and benefits.
  • Creating economic value for providers of capital
  • In FY22, Cleanaway paid $M 137.4 to providers of capital.
  • Creating economic value for the government
  • In FY22, Cleanaway paid $M 798.1 to the government.
  • Creating economic value for communities
  • In FY22, Cleanaway spent $M 0.5 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 Cleanaway, 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://cleanaway2stor.blob.core.windows.net/cleanaway2-blob-container/2022/09/Cleanaway-FY22-Sustainability-Report.pdf

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

]]> Case study: How Stena Metall creates economic value for its stakeholders https://sustaincase.com/case-study-how-stena-metall-creates-economic-value-for-its-stakeholders/ Mon, 11 Mar 2024 07:09:46 +0000 https://sustaincase.com/?p=17495 Operating at 200 locations in 9 countries, Stena Metall contributes actively to the development of the circular economy, working in close collaboration with customers and partners to achieve more efficient and smarter use of resources. This case study is based on the 2021/2022 Annual Review & Sustainability Report by Stena Metall, 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 […]

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

]]> Operating at 200 locations in 9 countries, Stena Metall contributes actively to the development of the circular economy, working in close collaboration with customers and partners to achieve more efficient and smarter use of resources. Creating, through its products and services, sustainable value that benefits everyone – customers, their customers, the environment and society at large – is a top priority for Stena Metall.  Tweet This!

This case study is based on the 2021/2022 Annual Review & Sustainability Report by Stena Metall, 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 2021/2022, the economic value distributed by Stena Metall reached SEK 40,476 million. In order to create economic value for its stakeholders Stena Metall took action to:

  • create economic value for employees
  • create economic value for financiers
  • create economic value for authorities

What are the material issues the company has identified? 

In its 2021/2022 Annual Review & Sustainability Report Stena Metall identified a range of material issues, such as product and service quality, climate footprint, recycling efficiency and waste management, occupational health and safety, compliance with laws and regulations. Among these, creating economic value for its stakeholders stands out as a key material issue for Stena Metall.

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 Stena Metall engages with:

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

Stakeholder Group                Method of engagement
Banks and financial institutions ·      Ongoing dialogue

·      Capital market information meetings
Customers, partners and suppliers

 

 

 ·      Ongoing dialogue

·      Digital meetings

·      Webinars

·      Customer surveys
Employees ·      Employee survey

·      Ongoing dialogues
Authorities

 

 ·      Consultation meetings

·      Supervision meetings

·      Participation in reference and consultation groups
Politicians and decision-makers ·      Meetings and seminars

·      Response to consultation rounds

·      Participation in reference and consultation groups
Owner and Board of Directors

 

 ·      Board meetings and reports prior to meetings

·      Ongoing meetings and reports

·      Strategy meetings

·      Shareholders’ meeting

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

In its 2021/2022 Annual Review & Sustainability Report Stena Metall reports that it took the following actions for creating economic value for its stakeholders:

  • Creating economic value for employees
  • In 2021/2022, Stena Metall paid SEK 2,872 million for employee wages and benefits.
  • Creating economic value for financiers
  • In 2021/2022, Stena Metall paid SEK 615 million to financiers.
  • Creating economic value for authorities
  • In 2021/2022, Stena Metall paid SEK 267 million to authorities (income 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 Stena Metall, 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.stenametall.com/about-us/sustainability/sustainability-reporting/

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

]]> Case study: How Cenviro creates economic value for its stakeholders https://sustaincase.com/case-study-how-cenviro-creates-economic-value-for-its-stakeholders/ Fri, 08 Mar 2024 07:07:54 +0000 https://sustaincase.com/?p=17492 Cenviro is a goal-driven integrated waste resource management company committed to delivering high-quality services within the full spectrum of waste resource management to its customers, advancing Malaysia’s waste industry towards resource recycling and recovery. This case study is based on the 2021 Sustainability Report by Cenviro, prepared in accordance with the GRI Standards, that can be found at this link. Through all case studies we aim to demonstrate what CSR/ ESG/ sustainability reporting done responsibly means. Essentially, it means: a) identifying a company’s most important impacts on the environment, economy and society, and b) measuring, managing and changing. Abstract In 2021, […]

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

]]> Cenviro is a goal-driven integrated waste resource management company committed to delivering high-quality services within the full spectrum of waste resource management to its customers, advancing Malaysia’s waste industry towards resource recycling and recovery. Embedding sustainability considerations within its business operations is a top priority for Cenviro, with the primary focus of delivering sustainable value to its key stakeholders.  Tweet This!

This case study is based on the 2021 Sustainability Report by Cenviro, 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 Cenviro reached RM 173,385 thousand. In order to create economic value for its stakeholders Cenviro 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 and others

What are the material issues the company has identified? 

In its 2021 Sustainability Report Cenviro identified a range of material issues, such as workplace health and safety, data security and privacy, customer satisfaction, managing emissions and addressing climate change. Among these, creating economic value for its stakeholders stands out as a key material issue for Cenviro.

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 Cenviro engages with:

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

Stakeholder Group                Method of engagement
Shareholders

 

 ·      Board Meetings

·      Town Hall Sessions
Government, local authorities and regulators

 

 

 ·      Regular Meetings

·      Progress Updates

·      Compliance Reports

·      Seminars and Forums

·      Collaboration Programmes

·      Visits and Inspections

·      Networking sessions
Customers ·      Customer Satisfaction Survey

·      Customer Hotline

·      Website
Media

 

 ·      Press Releases

·      Social Media Platforms
Local communities and the public ·      Community Programmes

 
Suppliers and contractors

 

 ·      Meetings with Health, Safety, Security and Environment, Procurement Departments

·      Training programmes

·      Vendor rating systems
Employees

 

 ·      Surveys

·      Safety Briefings

·      Training

·      Town Hall Sessions (virtual)
Industry and business partners ·      Committee and Member Meetings

·      Collaboration Programmes

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

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

  • Creating economic value for employees
  • In 2021, Cenviro paid 33.08% of RM 173,385 thousand (total value distributed) for salaries and employee-related costs.
  • Creating economic value for providers of capital
  • In 2021, Cenviro paid 60.62% of RM 173,385 thousand (total value distributed) to providers of capital.
  • Creating economic value for the government
  • In 2021, Cenviro paid 6.27% of RM 173,385 thousand (total value distributed) to the government (taxation).
  • Creating economic value for communities and others
  • In 2021, Cenviro spent 0.03% of RM 173,385 thousand (total value distributed) 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 Cenviro, 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://cenviro.com/wp-content/uploads/2023/05/Sustainability-Report-2021.pdf

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

]]> Case study: How Honkajoki Group creates economic value for its stakeholders https://sustaincase.com/case-study-how-honkajoki-group-creates-economic-value-for-its-stakeholders/ Wed, 13 Dec 2023 07:01:48 +0000 https://ccprowebs.com/new-sustaincase.com/?p=15612 Honkajoki Group is Finland’s leading processor and refiner of animal by-products, refining organic meat production by-products into clean, high-quality and safe products for its customers in various industrial sectors. Trust in its business and financial performance – both within the company and among its stakeholders – is of vital importance to Honkajoki Group, as is the creation of shared value for all its stakeholders. This case study is based on the 2021 Sustainability Report by Honkajoki Group, prepared in accordance with the GRI Standards, that can be found at this link. Through all case studies we aim to demonstrate what […]

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

]]> Honkajoki Group is Finland’s leading processor and refiner of animal by-products, refining organic meat production by-products into clean, high-quality and safe products for its customers in various industrial sectors. Trust in its business and financial performance – both within the company and among its stakeholders – is of vital importance to Honkajoki Group, as is the creation of shared value for all its stakeholders.

This case study is based on the 2021 Sustainability Report by Honkajoki 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. 

Through its business, Honkajoki Group seeks to generate sustainable, long-term value for all its stakeholders.  Tweet This! In order to create economic value for its stakeholders Honkajoki Group took action to:

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

What are the material issues the company has identified?

In its 2021 Sustainability Report Honkajoki Group identified a range of material issues, such as sustainable and responsible production, customer-oriented approach, strengthening supervisory work, development of initiative activity. Among these, creating economic value for its stakeholders stands out as a key material issue for Honkajoki 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 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 Honkajoki Group engages with:

Stakeholder Group
Employees
End product customers
Suppliers of animal origin raw materials
Neighbours
Research partners
Transport companies
Authorities

How stakeholder engagement was made to identify material issues

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

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

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

  • Creating economic value for employees
  • In 2021, Honkajoki Group paid 5 399 016 € for employee wages, 950 659 € in pension costs and 242 955 € in other staff costs.
  • Creating economic value for shareholders
  • In 2021, Honkajoki Group paid 1 220 400 € in dividends.
  • Creating economic value for suppliers
  • In 2021, Honkajoki Group paid 19 642 872 € for materials, supplies and goods.
  • Creating economic value for the state and society
  • In 2021, Honkajoki Group paid 2 084 095 € in VAT, 1 569 142 € in immediate taxes, 50 384 € in property tax, 4 026 € in public charges for vehicles and 27 997 € in 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 Honkajoki 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://honkajokioy.fi/wp-content/uploads/2023/05/honkajoki-sustainability-report-2021-web.pdf

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

]]> Case study: How Cenviro promotes employee growth https://sustaincase.com/case-study-how-cenviro-promotes-employee-growth/ Fri, 21 Feb 2020 05:53:34 +0000 https://ccprowebs.com/new-sustaincase.com/?p=10454 Cenviro is Malaysia’s leading waste management company, known for its sustainable performance and integrated solutions. Through its employee training and development programmes, Cenviro seeks to foster a workforce that is armed with the skills, expertise and multinational mindset needed to advance Cenviro’s industry. This case study is based on the 2018 Sustainability Report by Cenviro published on the Global Reporting Initiative Sustainability Disclosure Database that can be found at this link. Through all case studies we aim to demonstrate what CSR/ ESG/ sustainability reporting done responsibly means. Essentially, it means: a) identifying a company’s most important impacts on the environment, economy […]

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]]> Cenviro is Malaysia’s leading waste management company, known for its sustainable performance and integrated solutions. Through its employee training and development programmes, Cenviro seeks to foster a workforce that is armed with the skills, expertise and multinational mindset needed to advance Cenviro’s industry.

This case study is based on the 2018 Sustainability Report by Cenviro published on the Global Reporting Initiative Sustainability Disclosure Database that can be found at this link. Through all case studies we aim to demonstrate what CSR/ ESG/ sustainability reporting done responsibly means. Essentially, it means: a) identifying a company’s most important impacts on the environment, economy and society, and b) measuring, managing and changing.

Abstract

Cenviro is committed to investing in its employees’ skills and career development  Tweet This!, fostering the next generation of waste-industry professionals with the necessary skills and expertise to drive the innovation Cenviro needs. In order to promote employee growth Cenviro took action to:

  • provide competency training
  • offer leadership training
  • conduct performance appraisals
  • enhance internal processes

What are the material issues the company has identified?

In its 2018 Sustainability Report Cenviro identified a range of material issues, such as ensuring health and safety at the workplace, achieving customer satisfaction, data security and privacy, human rights, managing emissions and addressing climate change. Among these, promoting employee growth stands out as a key material issue for Cenviro.

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 Cenviro engages with:

Stakeholder Group                Method of engagement
Shareholders

 

 ·      Board Meetings

·      Site Visits

·      Townhall Sessions
Customers

 

 ·      Customer Satisfaction Survey

·      Customer Hotline

·      Website

·      Open Day

·      Roadshows

·      Exhibitions

·      Customer Visit

·      Customer Audits
Government, local authorities and regulators ·      Regular Meetings

·      Progress Updates

·      Compliance Reports

·      Seminars and Forums

·      Collaboration Programmes

·      Visits and Inspections
Local communities and the public

 

 

 ·      Community Programmes

·      Public Dialogues

·      Education Programmes

·      Environmental Engagement Campaigns

·      Branding Awareness Programmes

·      Social Media Platforms
Suppliers and contractors ·      Meetings with Health, Safety and Environment, and Procurement Departments

·      Contract Management Programme

·      Vendor Development Programme

·      Surveys
Industry and business partners ·      Committee and Members Meetings

·      Collaboration Programmes

·      Seminars

·      Forums and Workshops
Employees ·      Surveys

·      Safety Briefings

·      Training

·      Townhall Sessions

·      Focus Groups

·      Campaigns

·      Kelab Sukan Kualiti Alam Programmes
Media

 

 ·      Interviews

·      Media Briefings

·      Press Releases

How stakeholder engagement was made to identify material issues

To identify and prioritise material topics Cenviro engaged with its stakeholders through a web-based survey, receiving responses from 245 stakeholders.

What actions were taken by Cenviro to promote employee growth?

In its 2018 Sustainability Report Cenviro reports that it took the following actions for promoting employee growth:

  • Providing competency training
  • Cenviro strives to make sure that its employees are suitably equipped with the necessary knowledge and competencies to handle scheduled waste. Cenviro’s target is to go beyond minimum compliance by maintaining a high number of certified competent employees across all competency areas. In line with this target, in 2018, Cenviro sent 19 of its employees for Certified Environmental Professional in Scheduled Waste Management Training organised by the Environmental Institute of Malaysia (EiMAS). A further 17 employees, including 2 who attended the EiMAS training, participated in competency trainings to secure one-year competency certificates in various technical aspects of health and safety, and an additional 16 employees secured full competency certificates.
  • Offering leadership training
  • Cenviro’s strength relies on the quality of leadership delivered by Cenviro’s management and, to ensure this quality, and to help its leaders remain focused and productive, Cenviro provides training to people managers, on an ad hoc basis. In 2018, Cenviro held 12 trainings, which were attended by 69 members of management.
  • Conducting performance appraisals
  • In order to provide its employees with valuable career feedback, Cenviro carries out bi-annual performance appraisals. In 2018, 95% of Cenviro’s employees were appraised, compared with 87% in 2017. Employees who did not receive performance reviews included those serving probationary or notice periods and those reaching retirement. In 2018, Cenviro also introduced a peer review programme for senior employees, which includes an evaluation by three peers of an equivalent level of seniority.
  • Enhancing internal processes
  • In order to support its workforce with future-ready internal processes, in 2017, Cenviro moved to integrate its information systems using SAP (Systems Applications and Products in Data Processing) suite on HANA enterprise software. With SAP providing industry-specific solutions, sound data tracking and group-wide access to information through a centralised system, Cenviro’s employees are able to streamline their workflow and improve Cenviro’s operational efficiency. The cloud-based system has also offered direct environmental benefits by reducing both Cenviro’s energy requirements and paper consumption. Phase 1 of the SAP implementation process went live in 2018 and, in order to familiarise employees with the new system, classroom-based trainings were held in 2017 with additional one-on-one sessions also offered to employees in 2018. Employee uptake of the programme was also evaluated later in the year through a survey that determined departments requiring additional instruction and by exploring areas for improvement. Through the completion of the survey, Cenviro was able to identify and assist two departments in need of additional support.

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

The GRI Standards addressed in this case are:

1) Disclosure 404-1 Average hours of training per year per employee

2) Disclosure 404-2 Programs for upgrading employee skills and transition assistance programs

3) Disclosure 404-3 Percentage of employees receiving regular performance and career development reviews 

 

Disclosure 404-1 Average hours of training per year per employee corresponds to:

Disclosure 404-2 Programs for upgrading employee skills and transition assistance programs corresponds to:

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

Disclosure 404-3 Percentage of employees receiving regular performance and career development reviews corresponds to:

 

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

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

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

7 GRI sustainability disclosures get you started

Any size business can start taking sustainability action

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

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

See upcoming training dates.

 

References:

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

http://database.globalreporting.org/

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

Note to Cenviro: 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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