What are the material issues the company has identified?  

In its 2022 Sustainability Report APC identified a range of material issues, such as occupational health and safety, energy, emissions, water and effluent, diversity and equal opportunity. Among these, creating economic value for its stakeholders stands out as a key material issue for APC.

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 APC engages with:

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

Stakeholder Group	Method of engagement
Customers	·      Customer satisfaction surveys ·      Customer service department feedback discussions ·      Website and social media ·      Sustainability Report
Suppliers	·      Supplier evaluation process ·      Digital procurement system
Shareholders	·      Investor relations ·      Board of Directors meetings ·      General assemblies ·      Annual Reports / Sustainability Report ·      Website and social media
Employees	·      Training needs assessment ·      Code of Business Ethics ·      Training and Coaching ·      Performance reviews ·      Whistle-blower and complaints policies ·      Intranet information portal
Local community	·      Social Responsibility Association ·      Vocational Training Institute ·      Scholarships and internship ·      Donations ·      Website and social media
Regulating parties	·      Direct contacts ·      Meetings ·      Annual Report ·      Website and social media

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

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

• Creating economic value for employees
• In 2022, APC paid JOD 65,461 thousand for employee remuneration.

• Creating economic value for providers of capital
• In 2022, APC paid JOD 105,310 thousand to providers of capital.

• Creating economic value for governments
• In 2022, APC paid JOD 370,210 thousand to governments.

• Creating economic value for communities
• In 2022, APC spent JOD 7,274 thousand 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:

• 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 APC, 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.arabpotash.com/ebv4.0/root_storage/en/eb_list_page/2022_sustainability_report.pdf

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