What are the material issues the company has identified?  

In its 2021 Sustainability Report Altri identified a range of material issues, such as ethics, anti-corruption practices and anti-competitive behaviour, water management, employee health, safety and well-being, forest management and biodiversity protection. Among these, creating economic value for its stakeholders stands out as a key material issue for Altri.

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 Altri engages with:

Stakeholder Group	Method of engagement
Shareholders/Investors	·      Annual General Meeting ·      Report and Accounts, Company Government Report and Sustainability Report, prepared by the Board of Directors and presented to shareholders’ scrutiny ·      AltriNews – as a tool for communicating the activities carried out by the Group every quarter ·      Altri’s website www.altri.pt
Customers	·      Visits ·      Customer surveys ·      Evaluation of the external perception of customers ·      Strategic partnerships ·      AltriNews – as a tool for communicating the activities carried out by the Group every quarter ·      Report and Accounts, Company Government Report and Sustainability Report ·      Altri’s website www.altri.pt
Employees	·      Daily and weekly meetings ·      Intranet ·      Meeting of Leaders and Medium and Senior Staff for disclosure of the objectives of the company ·      Training actions ·      Meetings with Commissions Trade unions ·      Environment Committee, Health and Safety at work ·      Participation programmes ·      AltriNews – as a tool for communicating the activities carried out by the Group every quarter ·      MyBiotekChannel ·      Altri’s website www.altri.p
Academic community	·      Protocols of collaboration with Universities ·      Grant of stages curricular and post-curricular in collaboration with the training centres ·      Schools and Universities ·      Professional internships in collaboration with Instituto de Emprego e Formação Profissional ·      Visits to the plants ·      AltriNews – as a tool for communicating the activities carried out by the Group every quarter ·      Altri’s website www.altri.pt
Official entities	·      Regular delivery of statistics and reports of different nature (tax, labour, environmental, health and safety at work, training professional, etc.) ·      AltriNews – as a tool for communicating the activities carried out by the Group every quarter ·      Sustainability Report ·      Altri’s website www. altri.pt
Communities/Non-governmental organisations	·      Financial donations ·      Collaboration in Support for institutions Social solidarity ·      Voluntary actions ·      Joint organisation with fire brigades of simulations of emergency operations ·      Offer of the training ground for fire brigades ·      Transfer of computer equipment ·      Support for various School initiatives ·      Programme: Summer Academy ·      AltriNews – as a tool for communicating the activities carried out by the Group every quarter ·      Sustainability Report ·      Altri’s website www.altri.pt
Media	·      Press releases ·      AltriNews – as a tool for communicating the activities carried out by the Group every quarter ·      Altri’s website www.altri.pt ·      Sustainability Report
Policy makers	·      CELPA, CEPI, Fit for 55 ·      Meetings ·      Written communication and proposal for a revision, in a regulatory framework, at national and European Union level ·      Sustainability Report ·      Altri News ·      Altri’s website www. altri.pt
Partners and suppliers	·      Qualification and evaluation of suppliers of services and raw materials ·      Training for service providers, covering environmental and safety matters ·      Partnerships with CELPA ·      Information sessions on environment and security, intended for managers of services providers’ companies ·      Participation of security technicians from external companies in actions ·      Paper Industry Safety Card (CSIP) ·      Responsible behaviours programme ·      Training in the working front in the Forest ·      AltriNews – as a tool for communicating the activities carried out by the Group every quarter ·      Sustainability Report ·      Altri’s website www.altri.pt

How stakeholder engagement was made to identify material issues

To identify and prioritise material topics Altri engaged with its stakeholders through a questionnaire.

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

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

• Creating economic value for employees
• In 2021, Altri paid € 43 248 488 for employee wages and benefits.

• Creating economic value for investors
• In 2021, Altri paid € 71 796 085 in dividends.

• Creating economic value for the state
• In 2021, Altri paid € 13 337 061 to the state.

• Creating economic value for the community
• In 2021, Altri spent € 127 299 in donations and other investments in the community.

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

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

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

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

 

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

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

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References:

This case study is based on published information by Altri, 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://altri.pt/en/sustainability/reports

Note to Altri: 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.