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		<title>Case study: How Cleanaway creates economic value for its stakeholders</title>
		<link>https://sustaincase.com/case-study-how-cleanaway-creates-economic-value-for-its-stakeholders/</link>
		
		<dc:creator><![CDATA[Gerasimos]]></dc:creator>
		<pubDate>Wed, 13 Mar 2024 07:08:40 +0000</pubDate>
				<category><![CDATA[case studies]]></category>
		<category><![CDATA[Case studies - positive impacts on the economy and society]]></category>
		<category><![CDATA[GRI Standards]]></category>
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		<category><![CDATA[Sector: Waste Management]]></category>
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		<category><![CDATA[Cleanaway]]></category>
		<category><![CDATA[creating economic value]]></category>
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					<description><![CDATA[<p>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 [&#8230;]</p>
<p>The post <a href="https://sustaincase.com/case-study-how-cleanaway-creates-economic-value-for-its-stakeholders/">Case study: How Cleanaway creates economic value for its stakeholders</a> appeared first on <a href="https://sustaincase.com">SustainCase - Sustainability Magazine</a>.</p>
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										<content:encoded><![CDATA[<p>Cleanaway is Australia’s leading total waste management solutions provider, playing its part in driving positive sustainability outcomes. <strong>Creating shared value for the environment, society and all its stakeholders, is a top priority for Cleanaway.</strong>&nbsp;<a href="https://twitter.com/intent/tweet?text=Creating%20shared%20value%20for%20the%20environment%2C%20society%20and%20all%20its%20stakeholders%2C%20is%20a%20top%20priority%20for%20Cleanaway.&url=https%3A%2F%2Fsustaincase.com%2Fcase-study-how-cleanaway-creates-economic-value-for-its-stakeholders%2F&via=sustaincase" target="_blank"><i class="fa fa-twitter">&nbsp;</i>Tweet This!</a></p>
<p><strong>This case study is based on the </strong><strong>2022 Sustainability Report</strong><strong> b</strong><strong>y </strong><strong>Cleanaway</strong><strong>,</strong> <strong>prepared in accordance with the GRI Standards, that can be found at this </strong><a href="https://cleanaway2stor.blob.core.windows.net/cleanaway2-blob-container/2022/09/Cleanaway-FY22-Sustainability-Report.pdf" target="_blank" rel="noopener"><strong>link</strong></a><strong>. 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.</strong></p>
<p><a href="https://sustaincase.com/good-communication-with-responsible-csr-reporting/" target="_blank" rel="attachment wp-att-1719 noopener noreferrer"><img fetchpriority="high" decoding="async" class="tie-appear alignnone wp-image-1719" src="https://sustaincase.com/wp-content/uploads/2016/10/Identify-measure-manage-change-1024x139.jpg" alt="Layout 1" width="618" height="84" srcset="https://sustaincase.com/wp-content/uploads/2016/10/Identify-measure-manage-change-1024x139.jpg 1024w, https://sustaincase.com/wp-content/uploads/2016/10/Identify-measure-manage-change-300x41.jpg 300w, https://sustaincase.com/wp-content/uploads/2016/10/Identify-measure-manage-change-768x104.jpg 768w" sizes="(max-width: 618px) 100vw, 618px" /></a></p>
<p><strong>Abstract</strong></p>
<p>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:</p>
<ul>
<li>create economic value for employees</li>
<li>create economic value for providers of capital</li>
<li>create economic value for the government</li>
<li>create economic value for communities</li>
</ul>
<div class="subscribe-for-free">
<h3>Subscribe for free and read the rest of this case study</h3>
<p>Please subscribe to the SustainCase Newsletter to keep up to date with the latest sustainability news and gain access to over <strong>2000 case studies.</strong> These case studies demonstrate how companies are dealing responsibly with their most important impacts, building trust with their stakeholders (Identify &gt; Measure &gt; Manage &gt; Change).</p>
<h4>With this case study you will see:</h4>
<ul>
<li>Which are the <strong>most important impacts</strong> (material issues) Cleanaway has identified;</li>
<li>How Cleanaway proceeded with <strong>stakeholder engagement</strong>, and</li>
<li><strong>What actions</strong> were taken by Cleanaway to create economic value for its stakeholders</li>
</ul>
</div>
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<p><strong>What are the material issues the company has identified?  </strong></p>
<p>In its 2022 Sustainability Report Cleanaway identified a range of material issues, such as environmental impact &amp; compliance, greenhouse gas emissions &amp; energy, workplace safety, health &amp; wellbeing, community impact management. Among these, creating economic value for its stakeholders stands out as a key material issue for Cleanaway.</p>
<p><strong>Stakeholder engagement in accordance with the GRI Standards               </strong></p>
<p>The Global Reporting Initiative (GRI) defines the Principle of Stakeholder Inclusiveness when identifying material issues (or a company’s most important impacts) as follows:</p>
<p><a href="https://www.globalreporting.org/standards/gri-standards-download-center/gri-101-foundation-containing-standard-interpretation-1/" target="_blank" rel="noopener">“The reporting organization shall identify its stakeholders, and explain how it has responded to their reasonable expectations and interests.”</a></p>
<p>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.</p>
<p><strong>Key stakeholder groups</strong> <strong>Cleanaway </strong><strong>engages with:</strong></p>
<p>To identify and prioritise material topics Cleanaway engaged with its stakeholders through the following channels:</p>
<table width="479">
<tbody>
<tr>
<td width="119"><strong>Stakeholder Group</strong></td>
<td width="360"><strong>               Method of engagement </strong></td>
</tr>
<tr>
<td width="119">Employees</p>
<p>&nbsp;</td>
<td width="360">·      Quarterly magazine</p>
<p>·      Updates on intranet</p>
<p>·      Text message alerts</p>
<p>·      Regular town halls</p>
<p>·      Toolbox talks and other site-level meetings</p>
<p>·      Annual employee engagement survey</td>
</tr>
<tr>
<td width="119">Suppliers</p>
<p>&nbsp;</td>
<td width="360">·      Regular and direct communication to ensure reliable, compliant supply of goods and services</td>
</tr>
<tr>
<td width="119">Communities</td>
<td width="360">·      Community Reference Groups (CRG)</p>
<p>·      Open days at facilities</p>
<p>·      Local events</p>
<p>·      Website and social media channels</td>
</tr>
<tr>
<td width="119">Customers</p>
<p>&nbsp;</td>
<td width="360">·      Direct account management, including regular in-person meetings, waste audits and training sessions</p>
<p>·      Platinum Service Centre</p>
<p>·      Inside Sales account team</p>
<p>·      Direct mail communications, including a monthly e-newsletter</p>
<p>·      Customer experience surveys</td>
</tr>
<tr>
<td width="119">Business partners</td>
<td width="360">·      Regular meetings</td>
</tr>
<tr>
<td width="119">Governments and regulators</p>
<p>&nbsp;</td>
<td width="360">·      Formal channels to engage directly with governments and regulators</p>
<p>·      Industry associations</td>
</tr>
<tr>
<td width="119">Capital providers</p>
<p>&nbsp;</td>
<td width="360">·      AGM</p>
<p>·      Analyst and investor briefings and meetings</p>
<p>·      Investor days</p>
<p>·      Site visits</p>
<p>·      Roadshows</p>
<p>·      Conference presentations</p>
<p>·      News summaries</p>
<p>·      Investor Hub</td>
</tr>
</tbody>
</table>
<p><strong>What actions were taken by</strong><strong> </strong><strong>Cleanaway </strong><strong>to</strong><strong> create economic value for its stakeholders</strong><strong>? </strong></p>
<p>In its 2022 Sustainability Report Cleanaway reports that it took the following actions for creating economic value for its stakeholders:</p>
<ul>
<li><strong>Creating economic value for employees</strong></li>
<li>In FY22, Cleanaway paid $M 820.5 for employee wages and benefits.</li>
</ul>
<ul>
<li><strong>Creating economic value for providers of capital</strong></li>
<li>In FY22, Cleanaway paid $M 137.4 to providers of capital.</li>
</ul>
<ul>
<li><strong>Creating economic value for the government</strong></li>
<li>In FY22, Cleanaway paid $M 798.1 to the government.</li>
</ul>
<ul>
<li><strong>Creating economic value for communities</strong></li>
</ul>
<ul>
<li>In FY22, Cleanaway spent $M 0.5 in community investments.</li>
</ul>
<p><strong>Which GRI Standards and corresponding Sustainable Development Goals (SDGs) have been addressed? </strong></p>
<p>The GRI Standard addressed in this case is: <a href="https://www.globalreporting.org/standards/media/1039/gri-201-economic-performance-2016.pdf" target="_blank" rel="noopener">Disclosure 201-1 Direct economic value generated and distributed</a></p>
<p><strong>Disclosure 201-1 </strong>Direct economic value generated and distributed corresponds to:</p>
<ul>
<li><a href="https://www.globalreporting.org/standards/resource-download-center/sdg-compass-annex-linking-the-sdgs-and-gri-standards/" target="_blank" rel="noopener">Sustainable Development Goal (SDG) 8</a>: Decent Work and Economic Growth</li>
<li><strong>Targets: </strong>8.1, 8.2</li>
<li><a href="https://www.globalreporting.org/standards/resource-download-center/sdg-compass-annex-linking-the-sdgs-and-gri-standards/" target="_blank" rel="noopener">Sustainable Development Goal (SDG) 9</a>: Industry, Innovation and Infrastructure</li>
<li><strong>Targets: </strong>9.1, 9.4, 9.5</li>
</ul>
<p>&nbsp;</p>
<p><strong>78% of the world’s 250 largest companies report in accordance with the GRI Standards</strong></p>
<p>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.</p>
<p>Research by well-recognised institutions is clearly proving that <a href="https://sustaincase.com/articles-research/" target="_blank" rel="noopener noreferrer">responsible companies can look to the future with optimism</a>.</p>
<p><span style="font-size: 18pt;"><b>7 GRI sustainability disclosures get you started</b></span></p>
<p><b>Any size business can start taking sustainability action</b></p>
<p><span style="font-weight: 400;">GRI, ISEP, CPD Certified Sustainability courses (2-5 days): Live Online or Classroom  (venue: London School of Economics)</span></p>
<ul>
<li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Exclusive</span> <span style="font-weight: 400;">FBRH template to begin reporting from day one</span></li>
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<li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Formulate in group exercises your plan for action. Begin taking solid, focused, all-round sustainability action ASAP. </span></li>
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<p><a href="https://fbrh.co.uk/en/gri-sustainability-courses" target="_blank" rel="noopener"><span style="font-weight: 400;">See upcoming training dates.</span></a></p>
<p>References:</p>
<p>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:</p>
<p><a href="https://cleanaway2stor.blob.core.windows.net/cleanaway2-blob-container/2022/09/Cleanaway-FY22-Sustainability-Report.pdf" target="_blank" rel="noopener">https://cleanaway2stor.blob.core.windows.net/cleanaway2-blob-container/2022/09/Cleanaway-FY22-Sustainability-Report.pdf</a></p>
<p>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 <a href="mailto:editor@sustaincase.com" target="_blank" rel="noopener">contact us</a>.</p>
<p> </div>
<p>The post <a href="https://sustaincase.com/case-study-how-cleanaway-creates-economic-value-for-its-stakeholders/">Case study: How Cleanaway creates economic value for its stakeholders</a> appeared first on <a href="https://sustaincase.com">SustainCase - Sustainability Magazine</a>.</p>
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