Atlantica Archives - SustainCase - Sustainability Magazine Insights on how you can protect the environment, maintain and increase the value of your company, through a structured CSR/Sustainability process with the use of the GRI Standards. Learn how Today's Best-Run Companies are achieving Economic, Social, and Environmental Success - and How You Can Too... Wed, 19 Apr 2023 05:58:05 +0000 en-US hourly 1 https://wordpress.org/?v=7.1 Case study: How Atlantica creates economic value for its stakeholders https://sustaincase.com/case-study-how-atlantica-creates-economic-value-for-its-stakeholders/ Wed, 19 Apr 2023 05:56:30 +0000 https://sustaincase.com/?p=17674 Atlantica is a sustainable infrastructure company that manages renewable energy and other power and water assets, complementing its portfolio of renewable assets with storage, efficient natural gas and transmission infrastructure assets. Atlantica’s purpose is to support the transition towards a more sustainable world by investing in and managing sustainable infrastructure, while creating long-term value for its investors and the rest of its stakeholders. This case study is based on the 2020 ESG Report by Atlantica, 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 […]

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]]> Atlantica is a sustainable infrastructure company that manages renewable energy and other power and water assets, complementing its portfolio of renewable assets with storage, efficient natural gas and transmission infrastructure assets. Atlantica’s purpose is to support the transition towards a more sustainable world by investing in and managing sustainable infrastructure, while creating long-term value for its investors and the rest of its stakeholders.

This case study is based on the 2020 ESG Report by Atlantica, 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

Managing its assets sustainably to create long-term, sustainable value to its stakeholders, is a top priority for Atlantica.  Tweet This! In order to create economic value for its stakeholders Atlantica took action to:

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

What are the material issues the company has identified?    

In its 2020 ESG Report Atlantica identified a range of material issues, such as climate change,

occupational health and safety, asset management, ethics and integrity. Among these, creating economic value for its stakeholders stands out as a key material issue for Atlantica.

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 Atlantica engages with: 

Stakeholder Group                Method of engagement
Shareholders ·      Face-to-face meetings, video or phone calls

·      ESG Report

·      Social Media

·      Materiality Assessment Survey

·      Press Releases

·      Website Content

·      Whistleblower Channel

·      Annual General Meeting (AGM)

·      Earnings Presentations

·      Roadshows
Employees ·      Face-to-face meetings, video or phone calls

·      ESG Report

·      Social Media

·      Materiality Assessment Survey

·      Press Releases

·      Website Content

·      Whistleblower Channel

·      Intranet

·      Employee Climate Survey

·      Training
Suppliers ·      Face-to-face meetings, video or phone calls

·      ESG Report

·      Social Media

·      Materiality Assessment Survey

·      Press Releases

·      Website Content

·      Whistleblower Channel

·      Training
Customers ·      Face-to-face meetings, video or phone calls

·      ESG Report

·      Social Media

·      Materiality Assessment Survey

·      Press Releases

·      Website Content

·      Whistleblower Channel
Business Partners ·      Face-to-face meetings, video or phone calls

·      ESG Report

·      Social Media

·      Materiality Assessment Survey

·      Press Releases

·      Website Content

·      Whistleblower Channel
Local Communities

 

 ·      Face-to-face meetings, video or phone calls

·      ESG Report

·      Social Media

·      Press Releases

·      Website Content

·      Whistleblower Channel
Debt Investors

 

 

 

 ·      Face-to-face meetings, video or phone calls

·      ESG Report

·      Social Media

·      Materiality Assessment Survey

·      Press Releases

·      Website Content

·      Whistleblower Channel

·      Earnings Presentations

·      Roadshows

How stakeholder engagement was made to identify material issues

To identify and prioritise material topics Atlantica engaged with its stakeholders through a survey sent to 50 internal and external stakeholders, as well as through the two-way stakeholder engagement channel described above.

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

In its 2020 ESG Report Atlantica reports that it took the following actions for creating economic value for its stakeholders:

  • Creating economic value for employees and the local economy
  • In 2020, Atlantica spent $331 million in operating costs, including employee wages and benefits.
  • Creating economic value for providers of capital
  • In 2020, Atlantica paid $445 million to providers of capital.
  • Creating economic value for the government
  • In 2020, Atlantica paid $16 million to the government (income tax paid).
  • Creating economic value for communities
  • In 2020, Atlantica spent $1 million in community investments in Peru, Spain, South Africa and Algeria.

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 Atlantica, 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.atlantica.com/wp-content/uploads/documents/2020_ESG_Report.pdf

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

]]> Case study: How Atlantica promotes sustainability across its supply chain https://sustaincase.com/case-study-how-atlantica-promotes-sustainability-across-its-supply-chain/ Mon, 09 May 2022 06:06:54 +0000 https://ccprowebs.com/new-sustaincase.com/?p=13603 With a large majority of its business in renewables, Atlantica is one of the few companies worldwide with a strategy and business model focused on sustainable infrastructure, to lead the world’s energy transition towards clean energy and sustainable water. Atlantica has a Supplier Code of Conduct, and expects its suppliers to adhere to it and commit to operating to the highest standards of corporate conduct. This case study is based on the 2019 ESG Report by Atlantica published on the Global Reporting Initiative Sustainability Disclosure Database that can be found at this link. Through all case studies we aim to demonstrate […]

The post Case study: How Atlantica promotes sustainability across its supply chain appeared first on SustainCase - Sustainability Magazine.

]]> With a large majority of its business in renewables, Atlantica is one of the few companies worldwide with a strategy and business model focused on sustainable infrastructure, to lead the world’s energy transition towards clean energy and sustainable water. Atlantica has a Supplier Code of Conduct, and expects its suppliers to adhere to it and commit to operating to the highest standards of corporate conduct.

This case study is based on the 2019 ESG Report by Atlantica 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

Atlantica seeks to select its suppliers preferentially, based on the social and environmental impacts of their products or services  Tweet This!, so as to effectively promote sustainability principles among them. In order to promote sustainability across its supply chain Atlantica took action to:

  • implement a Supplier Code of Conduct
  • promote compliance

What are the material issues the company has identified?    

In its 2019 ESG Report Atlantica identified a range of material issues, such as occupational health and safety, economic and financial performance, asset management, climate change, GHG emissions. Among these, promoting sustainability across its supply chain stands out as a key material issue for Atlantica.

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 Atlantica engages with:

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

Stakeholder Group                Method of engagement
Employees

 

 

 

 ·      Face-to-face meetings video or phone calls

·      ESG Report

·      Website Content

·      Whistleblower Channel

·      Social Media

·      Internal Intranet Communications

·      Internal Training with Q&A
Suppliers ·      Face-to-face meetings video or phone calls

·      ESG Report

·      Website Content

·      Whistleblower Channel

·      Social Media
Customers ·      Face-to-face meetings video or phone calls

·      ESG Report

·      Website Content

·      Whistleblower Channel

·      Social Media
Business Partners ·      Face-to-face meetings video or phone calls

·      ESG Report

·      Website Content

·      Whistleblower Channel

·      Social Media
Local Communities

 

 ·      Face-to-face meetings video or phone calls

·      ESG Report

·      Website Content

·      Whistleblower Channel

·      Social Media
Investors

 

 

 

 ·      Face-to-face meetings video or phone calls

·      ESG Report

·      Website Content

·      Whistleblower Channel

·      Social Media

·      Earning Presentations with Q&A

What actions were taken by Atlantica to promote sustainability across its supply chain?

In its 2019 ESG Report Atlantica reports that it took the following actions for promoting sustainability across its supply chain:

  • Implementing a Supplier Code of Conduct
  • Atlantica has a strong commitment to operating to the highest standards of corporate conduct and seeks to work with third parties who operate under principles that are similar to those set in its Code of Conduct. Accordingly, Atlantica has a Supplier Code of Conduct that it expects its suppliers to adhere to. Atlantica includes its requirements in its contractual arrangements with suppliers and understands that some suppliers may face significant challenges in immediately meeting every aspect of the Code. In this sense, Atlantica’s commitment is also to working together over time to help those suppliers achieve adherence with this Code.
  • Promoting compliance
  • In 2019, Atlantica reinforced the environmental certification of its suppliers through a two-step process:
    • Internal homologation process: Atlantica’s internal compliance team reviews the suppliers’ financial information, environmental initiatives, tax compliance, and bank account certificates, etc.
    • External homologation process: Atlantica has engaged the services of an external provider, Ecovadis, to evaluate its key suppliers in terms of: (i) environment, (ii) fair labour and human rights, (iii) ethics, and (iv) sustainable procurement. Ecovadis applies an in-house methodology built on international Corporate Social Responsibility (CSR) standards including the Global Reporting Initiative, the United Nations Global Compact, and the ISO 26000 and issues a rating per supplier. This evaluation is renewed on a yearly basis enabling Atlantica to periodically monitor and pinpoint suppliers’ improvements in terms of i) environment, (ii) fair labour and human rights, (iii) ethics, and (iv) sustainable procurement. In 2019, Atlantica certified, through Ecovadis, suppliers representing approximately 60% of its annual expenses.

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

The GRI Standards addressed in this case are:

1) Disclosure 308-1 New suppliers that were screened using environmental criteria

2) Disclosure 414-1 New suppliers that were screened using social criteria

 

Disclosure 308-1 New suppliers that were screened using environmental criteria does not correspond to any SDG.

Disclosure 414-1 New suppliers that were screened using social criteria 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 Atlantica, 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 Atlantica: 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 Atlantica promotes sustainability across its supply chain appeared first on SustainCase - Sustainability Magazine.

]]> Case study: How Atlantica promotes employee development https://sustaincase.com/case-study-how-atlantica-promotes-employee-development/ Fri, 30 Jul 2021 05:57:50 +0000 https://ccprowebs.com/new-sustaincase.com/?p=12779 Atlantica is one of the few companies globally with a strategy and business model focused on sustainable infrastructure, to lead the world’s energy transition towards clean energy and sustainable water. and foster effective programmes for managing employees’ talents, to attract and retain the best-in-class talent. This case study is based on the 2019 ESG Report by Atlantica 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 […]

The post Case study: How Atlantica promotes employee development appeared first on SustainCase - Sustainability Magazine.

]]> Atlantica is one of the few companies globally with a strategy and business model focused on sustainable infrastructure, to lead the world’s energy transition towards clean energy and sustainable water. Atlantica seeks to provide attractive opportunities for professional development to its employees  Tweet This! and foster effective programmes for managing employees’ talents, to attract and retain the best-in-class talent.

This case study is based on the 2019 ESG Report by Atlantica 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

Atlantica believes that by providing a good quality of life for its employees, and by enhancing social and professional development, it will retain and attract valuable employees. In order to promote employee development Atlantica took action to:

  • evaluate employee performance
  • implement training programmes

What are the material issues the company has identified?

In its 2019 ESG Report Atlantica identified a range of material issues, such as occupational health and safety, economic and financial performance, asset management, climate change. Among these, promoting employee development stands out as a key material issue for Atlantica.

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 Atlantica engages with:

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

Stakeholder Group                Method of engagement
Employees

 

 

 

 ·      Face-to-face meetings video or phone calls

·      ESG Report

·      Website Content

·      Whistleblower Channel

·      Social Media

·      Internal Intranet Communications

·      Internal Training with Q&A
Suppliers ·      Face-to-face meetings video or phone calls

·      ESG Report

·      Website Content

·      Whistleblower Channel

·      Social Media
Customers ·      Face-to-face meetings video or phone calls

·      ESG Report

·      Website Content

·      Whistleblower Channel

·      Social Media
Business Partners ·      Face-to-face meetings video or phone calls

·      ESG Report

·      Website Content

·      Whistleblower Channel

·      Social Media
Local Communities

 

 ·      Face-to-face meetings video or phone calls

·      ESG Report

·      Website Content

·      Whistleblower Channel

·      Social Media
Investors

 

 

 

 ·      Face-to-face meetings video or phone calls

·      ESG Report

·      Website Content

·      Whistleblower Channel

·      Social Media

·      Earning Presentations with Q&A

What actions were taken by Atlantica to promote employee development?

In its 2019 ESG Report Atlantica reports that it took the following actions for promoting employee development:

  • Evaluating employee performance
  • Atlantica has built a strong standardised process to evaluate employee performance in its Human Resources platform, Meta4. Part of every supervisor’s mission is to collaborate with each of his or her team members to evaluate performance through the Annual Performance Appraisal (the “APA”), a talent and development management module of Meta4. As part of the individual appraisal process, the supervisor evaluates the performance during the period in nine standardised areas. The manager also identifies individual targets for the coming period and sets training actions in the Annual Training Plan (the “ATP”). Supervisors set individual meetings with their teams once the assessment is completed to share results and explain in depth the action plan defined. Employees can provide their feedback about their own performance, improvement opportunities, proposals, etc. which can contribute to a better performance. This is an ongoing process, normally spread over a year to ensure its effectiveness and practical application success. Once the APA is completed by supervisors Atlantica conducts a calibration process that seeks to ensure that evaluations are consistent and as fair as possible across the entire organisation. In addition, every three years Atlantica performs a 360º feedback process for certain management profiles, including senior and middle management, where managers receive feedback from their supervisor, peers and direct reports. Full confidentiality is guaranteed, as the data is processed and summarised by external consultants. In 2019, Atlantica also launched a “High Potential Programme” for key members of its workforce. The goal of this initiative is to consider the employees’ capabilities towards internal transfers to other positions, functions or geographies. In 2019, Atlantica announced it had agreed with several employees to undertake new roles within the organisation, including changing functions and international mobility. Atlantica also has an internal job site in its intranet where it informs employees of job vacancies in order to promote internal mobility between different departments.
  • Implementing training programmes
  • Atlantica’s training programmes include the following:
    • Atlantica: all new employees must attend Atlantica’s “Introduction to Atlantica” course during their induction period. “More about Atlantica” is a second level of corporate training offered either to employees that hit their two-year anniversary in the company or those who were promoted. In addition, all employees receive training about Atlantica’s compliance policies and management policies on an annual basis.
    • Management skills: soft-skill training to improve negotiation, team-work, teambuilding, decision-making, leadership and communication, among other skills.
    • Technical knowledge courses, specific to each technical field. For example, Atlantica provides technical, health and safety and environmental and risks training. The effectiveness of this training is evaluated periodically. Atlantica provides an annual training programme on safety awareness to managers and employees, designed in accordance with the risks in the different job positions and work centres as well as with the local regulations.
    • Languages: to allow Atlantica’s employees to effectively operate in an international setting, Atlantica offers a number of language courses.
    • Health & Safety is a key part of Atlantica’s culture and philosophy and Atlantica offers a number of training programmes to reinforce it. Health and safety training is fulfilled with other specific initiatives to help employees increase their health and safety knowledge. Atlantica periodically issues Safety Bulletins and shares “Lessons Learnt” through videos, specific bulletins, its Safety App and through safety boards held in its assets.
    • In addition, Atlantica offers Executive Programmes to certain employees with a certain level of experience, excellent performance and good potential.
  • As of December 31, 2019, Atlantica offers over 100 different training programmes to its employees. The final training programme is agreed between the employee and his or her Manager and the Human Resources department.

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:

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 Atlantica, 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 Atlantica: 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 Atlantica promotes employee development appeared first on SustainCase - Sustainability Magazine.

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