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		<title>Case study: How SIX creates economic value for its stakeholders</title>
		<link>https://sustaincase.com/case-study-how-six-creates-economic-value-for-its-stakeholders/</link>
		
		<dc:creator><![CDATA[Gerasimos]]></dc:creator>
		<pubDate>Mon, 07 Oct 2024 05:51:13 +0000</pubDate>
				<category><![CDATA[case studies]]></category>
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					<description><![CDATA[<p>SIX is Europe’s third-largest exchange group, providing and operating stable and efficient infrastructure for the Swiss and Spanish financial centres, ensuring access to the capital markets and the flow of information and money between financial market players. , and positive impacts for the communities it serves. This case study is based on the 2022 Sustainability Report by SIX, 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, [&#8230;]</p>
<p>The post <a href="https://sustaincase.com/case-study-how-six-creates-economic-value-for-its-stakeholders/">Case study: How SIX creates economic value for its stakeholders</a> appeared first on <a href="https://sustaincase.com">SustainCase - Sustainability Magazine</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p>SIX is Europe’s third-largest exchange group, providing and operating stable and efficient infrastructure for the Swiss and Spanish financial centres, ensuring access to the capital markets and the flow of information and money between financial market players. <strong>At the core of SIX’s sustainability agenda is creating long-term value for its clients and all its stakeholders</strong>&nbsp;<a href="https://twitter.com/intent/tweet?text=At%20the%20core%20of%20SIX%E2%80%99s%20sustainability%20agenda%20is%20creating%20long-term%20value%20for%20its%20clients%20and%20all%20its%20stakeholders&url=https%3A%2F%2Fsustaincase.com%2Fcase-study-how-six-creates-economic-value-for-its-stakeholders%2F&via=sustaincase" target="_blank"><i class="fa fa-twitter">&nbsp;</i>Tweet This!</a>, and positive impacts for the communities it serves.</p>
<p><strong>This case study is based on the</strong><strong> 2022 Sustainability Report </strong><strong>by</strong> <strong>SIX, prepared in accordance with the GRI Standards, that can be found at this </strong><a href="https://www.six-group.com/dam/download/company/report/annual/2022/six-sustainability-report-2022.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 2022, the direct economic value generated by SIX reached CHF 1,564.2 million. In order to create economic value for its stakeholders SIX 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) SIX has identified;</li>
<li>How SIX proceeded with <strong>stakeholder engagement</strong>, and</li>
<li><strong>What actions</strong> were taken by SIX 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 SIX identified a range of material issues, such as ESG products and services development, climate change and greenhouse gas emissions, talent acquisition and retention. Among these, creating economic value for its stakeholders stands out as a key material issue for SIX.</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>SIX </strong><strong>engages with:</strong></p>
<table width="261">
<tbody>
<tr>
<td width="261"><strong>Stakeholder Group</strong></td>
</tr>
<tr>
<td width="261">Owners and clients (financial institutions)</td>
</tr>
<tr>
<td width="261">Employees</td>
</tr>
<tr>
<td width="261">Regulatory and supervisory authorities</td>
</tr>
<tr>
<td width="261">Political parties and government representatives</td>
</tr>
<tr>
<td width="261">Suppliers</td>
</tr>
<tr>
<td width="261">Industry associations</td>
</tr>
<tr>
<td width="261">Academia</td>
</tr>
</tbody>
</table>
<p><strong>How stakeholder engagement was made to identify material issues</strong></p>
<p>To identify and prioritise material topics SIX engaged with its stakeholders through interviews and a survey.</p>
<p><strong>What actions were taken by</strong><strong> SIX </strong><strong>to</strong> <strong>create economic value for its stakeholders</strong><strong>?</strong></p>
<p>In its 2022 Sustainability Report SIX 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 2022, SIX paid CHF 610.1 million for employee wages and benefits.</li>
</ul>
<ul>
<li><strong>Creating economic value for providers of capital</strong></li>
<li>In 2022, SIX paid CHF 144.0 million to providers of capital.</li>
</ul>
<ul>
<li><strong>Creating economic value for the government</strong></li>
<li>In 2022, SIX paid CHF 96.1 million to the government.</li>
</ul>
<ul>
<li><strong>Creating economic value for communities</strong></li>
<li>In 2022, SIX spent CHF 1.1 million 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;"><span style="font-weight: 400;">Exclusive</span> <span style="font-weight: 400;">FBRH template to begin reporting from day one</span></li>
<li style="font-weight: 400;"><span style="font-weight: 400;">Identify your most important impacts on the Environment, Economy and People</span></li>
<li style="font-weight: 400;"><span style="font-weight: 400;">Formulate in group exercises your plan for action. Begin taking solid, focused, all-round sustainability action ASAP. </span></li>
<li style="font-weight: 400;"><span style="font-weight: 400;">Benchmarking methodology to set you on a path of continuous improvement</span></li>
</ul>
<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 SIX, 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://www.six-group.com/dam/download/company/report/annual/2022/six-sustainability-report-2022.pdf" target="_blank" rel="noopener">https://www.six-group.com/dam/download/company/report/annual/2022/six-sustainability-report-2022.pdf</a></p>
<p>Note to SIX: 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-six-creates-economic-value-for-its-stakeholders/">Case study: How SIX creates economic value for its stakeholders</a> appeared first on <a href="https://sustaincase.com">SustainCase - Sustainability Magazine</a>.</p>
]]></content:encoded>
					
		
		
			</item>
		<item>
		<title>Case study: How SIX promotes compliance and lawful conduct</title>
		<link>https://sustaincase.com/case-study-how-six-promotes-compliance-and-lawful-conduct/</link>
		
		<dc:creator><![CDATA[Gerasimos]]></dc:creator>
		<pubDate>Mon, 02 Sep 2019 05:54:38 +0000</pubDate>
				<category><![CDATA[case studies]]></category>
		<category><![CDATA[GRI Standards]]></category>
		<category><![CDATA[GRI-205]]></category>
		<category><![CDATA[GRI-419]]></category>
		<category><![CDATA[SDG16]]></category>
		<category><![CDATA[SDGs category]]></category>
		<category><![CDATA[Sector: Financial Services]]></category>
		<category><![CDATA[case study]]></category>
		<category><![CDATA[compliance]]></category>
		<category><![CDATA[fighting bribery and corruption]]></category>
		<category><![CDATA[SIX]]></category>
		<category><![CDATA[sustain case]]></category>
		<category><![CDATA[sustainability]]></category>
		<guid isPermaLink="false">https://ccprowebs.com/new-sustaincase.com/?p=9995</guid>

					<description><![CDATA[<p>SIX is a financial service provider that operates the infrastructure of Switzerland&#8217;s financial centre, ensuring the flow of information and money between banks, traders, merchants, investors and service providers globally. Accordingly, This case study is based on the 2016 Corporate Responsibility Report by SIX 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 For SIX [&#8230;]</p>
<p>The post <a href="https://sustaincase.com/case-study-how-six-promotes-compliance-and-lawful-conduct/">Case study: How SIX promotes compliance and lawful conduct</a> appeared first on <a href="https://sustaincase.com">SustainCase - Sustainability Magazine</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p>SIX is a financial service provider that operates the infrastructure of Switzerland&#8217;s financial centre, ensuring the flow of information and money between banks, traders, merchants, investors and service providers globally. Accordingly, <strong>SIX is committed to complying with local laws, to not engaging in anticompetitive conduct, and to combatting corruption.</strong>&nbsp;<a href="https://twitter.com/intent/tweet?text=SIX%20is%20committed%20to%20complying%20with%20local%20laws%2C%20to%20not%20engaging%20in%20anticompetitive%20conduct%2C%20and%20to%20combatting%20corruption.&url=https%3A%2F%2Fsustaincase.com%2Fcase-study-how-six-promotes-compliance-and-lawful-conduct%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 2016 </strong><strong>Corporate Responsibility Report</strong> <strong>by SIX</strong><strong> published on the Global Reporting Initiative </strong><a href="http://database.globalreporting.org/" target="_blank" rel="noopener noreferrer"><strong>Sustainability Disclosure Database</strong></a><strong> that can be found at this </strong><a href="http://database.globalreporting.org/reports/50340/" target="_blank" rel="noopener noreferrer"><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><strong>Abstract</strong></p>
<p>For SIX and its employees it goes without saying that, in every business activity, all applicable laws, regulations and internal guidelines and directives must be complied with, supporting lawful conduct. In order to promote compliance and lawful conduct SIX took action to:</p>
<ul>
<li>implement a Code of Conduct</li>
<li>provide compliance training</li>
<li>implement a whistleblowing tool</li>
<li>combat corruption</li>
</ul>
<p><a href="https://sustaincase.com/good-communication-with-responsible-csr-reporting/" target="_blank" rel="attachment wp-att-1719 noopener noreferrer"><img decoding="async" class="wp-image-1719 size-large tie-appear" src="https://sustaincase.com/wp-content/uploads/2016/10/Identify-measure-manage-change-1024x139.jpg" 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>
<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) SIX has identified;</li>
<li>How SIX proceeded with <strong>stakeholder engagement</strong>, and</li>
<li><strong>What actions</strong> were taken by SIX to promote compliance and lawful conduct</li>
</ul>
</div>
<div class='subscribe_login' style='margin:30px;'><a class='casestd_pop' href='https://sustaincase.com/subscribe-to-sustaincase-newsletter/' style='color: #ea7622; margin: 20px 0;'><strong>I would like to subscribe</strong></a><div id='subsciber'><p class='sub_p'>Already Subscribed? Type your email below and click submit</p>
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<div class='actions-taken'> </p>
<p><strong>What are the material issues the company has identified?</strong></p>
<p>In its 2016 Corporate Responsibility Report SIX identified a range of material issues, such as contributing to the stability and attractiveness of the financial centre, creating a working environment that provides opportunities for all employees and empowers them to give their best, client satisfaction, forward-looking services. Among these, promoting compliance and lawful conduct stands out as a key material issue for SIX.</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 noreferrer">“The organization should identify its stakeholders, and explain how it has responded to their reasonable expectations.”</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>SIX</strong><strong> engages with:   </strong></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">Owners</td>
<td width="360">·      Continuous dialogue</td>
</tr>
<tr>
<td width="119">Politicians</td>
<td width="360">·      Continuous and active relationship management</td>
</tr>
<tr>
<td width="119">Suppliers</td>
<td width="360">·      Project-related discussions</td>
</tr>
<tr>
<td width="119">Industry associations</p>
<p>&nbsp;</td>
<td width="360">·      Active cooperation in working groups</p>
<p>·      Management of membership</td>
</tr>
<tr>
<td width="119">Regulatory and supervisory authorities</td>
<td width="360">·      Regular reporting</p>
<p>·      Cooperation in working groups and consultations/hearings</td>
</tr>
<tr>
<td width="119">Academia</td>
<td width="360">·      Project-related dialogue</td>
</tr>
<tr>
<td width="119">Employees</td>
<td width="360">·      Biannual employee survey</td>
</tr>
<tr>
<td width="119">Customers</td>
<td width="360">·      Annual customer satisfaction survey</p>
<p>·      Dialogue about top account management</td>
</tr>
</tbody>
</table>
<p><strong>How stakeholder engagement was made to identify material issues</strong></p>
<p>To identify and prioritise material topics SIX engaged with its stakeholders through an employee and client satisfaction survey, in addition to dialogue with representatives from various stakeholder groups.</p>
<p><strong><a href="https://fbrh.co.uk/en/gri-certified-training/2-day-fbrh-gri-standards-certified-training-course-about" target="_blank" rel="noopener noreferrer"><img decoding="async" class="alignright size-full wp-image-11761" src="https://sustaincase.com/wp-content/uploads/2020/08/sustainability-GRI-report-key-doc-for-success-ad-sustaincase-GRI-SDG-ESG-Sustainability-report-200x320px.jpg" alt="" width="200" height="320" /></a>What actions were taken by SIX</strong><strong> to</strong> <strong>promote compliance and lawful conduct?</strong></p>
<p>In its 2016 Corporate Responsibility Report SIX reports that it took the following actions for promoting compliance and lawful conduct:</p>
<ul>
<li><strong>Implementing a </strong><strong>Code of Conduct</strong></li>
<li>The SIX Code of Conduct describes the legal framework and rules that all employees have to observe and uphold. Detailed Group directives specify the duties of all SIX employees and SIX has also issued a new directive, which systematically specifies the financial market regulations that SIX must observe and implement, in both Switzerland and abroad. Since the end of 2015, SIX has been carrying out a Group-wide annual compliance check, across all its locations.</li>
</ul>
<ul>
<li><strong>Providing compliance training</strong></li>
<li>To provide employees with more information on the topic of compliance, SIX organised a number of employee training sessions during the reporting year, with particular emphasis on compliance training for new employees, and courses on the Code of Conduct and on the Group directives, at certain international locations. Additionally, various courses on the theme of money laundering took place in Switzerland and Luxembourg.</li>
</ul>
<ul>
<li><strong>Implementing a </strong><strong>whistleblowing tool </strong></li>
<li>SIX rolled out a whistleblowing tool at the start of 2016, enabling SIX employees to report irregularities on an anonymous basis. The Group directive specifies a reporting duty in the case of suspicion of serious misconduct that could have material detrimental consequences for SIX (for example, significant losses, regulatory implications, or severe reputational damage). Three cases were reported in 2016 and in one of these cases Compliance opened an investigation, but it was not possible to confirm the suspicion. In the 2016 reporting year, as in 2015, SIX and its companies were not required to pay any significant fines and did not have any non-monetary sanctions posed on them.</li>
</ul>
<ul>
<li><strong>Combatting corruption</strong></li>
<li>SIX provides information on corruption in employee training courses, on the Code of Conduct, and in staff advisory sessions. All employees are bound to respect the interests of their employer in their professional activities and conflicts of interest should principally be recognised by employees, with the necessary steps taken to avoid them. If a conflict of interest cannot be avoided it must always be disclosed and, in certain cases, a business activity may have to be renounced, due to a conflict of interest. The exercise of public offices, political or economic mandates and secondary forms of employment must be disclosed and submitted for approval, where appropriate. Donations and sponsorship money are awarded only by the Group Executive Board or the CEO. No incidents of corruption were reported, during the reporting year.</li>
</ul>
<p><strong>Which GRI Standards and corresponding Sustainable Development Goals (SDGs) have been addressed?</strong></p>
<p>The GRI Standards addressed in this case are:</p>
<p>1) <a href="https://www.globalreporting.org/standards/media/1006/gri-205-anti-corruption-2016.pdf" target="_blank" rel="noopener noreferrer">Disclosure 205-3 Confirmed incidents of corruption and actions taken</a></p>
<p>2) <a href="https://www.inxsoftware.com/media/transfer/doc/grii_419_socioeconomic_compliance_2016.pdf" target="_blank" rel="noopener noreferrer">Disclosure 419-1 Non-compliance with laws and regulations in the social and economic area</a></p>
<p>&nbsp;</p>
<p><strong>Disclosure 205-3 </strong>Confirmed incidents of corruption and actions taken 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 noreferrer">Sustainable Development Goal (SDG) 16</a>: Promote peaceful and inclusive societies for sustainable development, provide access to justice for all and build effective, accountable and inclusive institutions at all levels</li>
<li><strong>Business theme: </strong>Anti-corruption</li>
</ul>
<p><strong>Disclosure 419-1</strong> Non-compliance with laws and regulations in the social and economic area 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 noreferrer">Sustainable Development Goal (SDG) 16</a>: Promote peaceful and inclusive societies for sustainable development, provide access to justice for all and build effective, accountable and inclusive institutions at all levels</li>
<li><strong>Business theme: </strong>Compliance with laws and regulations</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>
<li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Identify your most important impacts on the Environment, Economy and People</span></li>
<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>
<li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Benchmarking methodology to set you on a path of continuous improvement</span></li>
</ul>
<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>&nbsp;</p>
<p>References:</p>
<p>1) This case study is based on published information by SIX, 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:</p>
<p><a href="http://database.globalreporting.org/" target="_blank" rel="noopener noreferrer">http://database.globalreporting.org/</a></p>
<p>2) <a href="http://www.fbrh.co.uk/en/global-reporting-initiative-gri-g4-guidelines-download-page" target="_blank" rel="noopener noreferrer">http://www.fbrh.co.uk/en/global-reporting-initiative-gri-g4-guidelines-download-page</a></p>
<p>3) <a href="https://g4.globalreporting.org/Pages/default.aspx" target="_blank" rel="noopener noreferrer">https://g4.globalreporting.org/Pages/default.aspx</a></p>
<p>4) <a href="https://www.globalreporting.org/standards/gri-standards-download-center/" target="_blank" rel="noopener noreferrer">https://www.globalreporting.org/standards/gri-standards-download-center/</a></p>
<p>Note to SIX: 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 noreferrer">contact us</a>.</p>
<p> </div>
<p>The post <a href="https://sustaincase.com/case-study-how-six-promotes-compliance-and-lawful-conduct/">Case study: How SIX promotes compliance and lawful conduct</a> appeared first on <a href="https://sustaincase.com">SustainCase - Sustainability Magazine</a>.</p>
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			</item>
		<item>
		<title>Case study: How SIX creates a work environment that provides opportunities for all employees, empowering them to give their best</title>
		<link>https://sustaincase.com/case-study-how-six-creates-a-work-environment-that-provides-opportunities-for-all-employees-empowering-them-to-give-their-best/</link>
		
		<dc:creator><![CDATA[Gerasimos]]></dc:creator>
		<pubDate>Thu, 23 Nov 2017 06:35:13 +0000</pubDate>
				<category><![CDATA[case studies]]></category>
		<category><![CDATA[GRI Standards]]></category>
		<category><![CDATA[GRI-401]]></category>
		<category><![CDATA[GRI-404]]></category>
		<category><![CDATA[SDG4]]></category>
		<category><![CDATA[SDG5]]></category>
		<category><![CDATA[SDG8]]></category>
		<category><![CDATA[SDGs category]]></category>
		<category><![CDATA[Sector: Financial Services]]></category>
		<category><![CDATA[attracting and retaining employees]]></category>
		<category><![CDATA[case study]]></category>
		<category><![CDATA[employee training and development]]></category>
		<category><![CDATA[SIX]]></category>
		<category><![CDATA[sustain case]]></category>
		<category><![CDATA[sustainability]]></category>
		<category><![CDATA[workplace]]></category>
		<guid isPermaLink="false">https://ccprowebs.com/new-sustaincase.com/?p=5500</guid>

					<description><![CDATA[<p>&#160; As a leading global provider of financial technology and services, Accordingly, SIX tries to be a responsible employer, providing all employees with an attractive work environment that supports them in giving their best. This case study is based on the 2016 Corporate Responsibility Report by SIX published on the Global Reporting Initiative Sustainability Disclosure Database that can be found at this link. Through all case studies we aim to demonstrate that CSR/ sustainability reporting done responsibly is achieved by identifying a company’s most important impacts on the environment and stakeholders and by measuring, managing and changing.  Abstract Developing, educating and training [&#8230;]</p>
<p>The post <a href="https://sustaincase.com/case-study-how-six-creates-a-work-environment-that-provides-opportunities-for-all-employees-empowering-them-to-give-their-best/">Case study: How SIX creates a work environment that provides opportunities for all employees, empowering them to give their best</a> appeared first on <a href="https://sustaincase.com">SustainCase - Sustainability Magazine</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p>&nbsp;</p>
<p>As a leading global provider of financial technology and services, <strong>SIX relies on skilled, committed employees to successfully deal with current and future challenges.</strong>&nbsp;<a href="https://twitter.com/intent/tweet?text=SIX%20relies%20on%20skilled%2C%20committed%20employees%20to%20successfully%20deal%20with%20current%20and%20future%20challenges.&url=https%3A%2F%2Fsustaincase.com%2Fcase-study-how-six-creates-a-work-environment-that-provides-opportunities-for-all-employees-empowering-them-to-give-their-best%2F&via=sustaincase" target="_blank"><i class="fa fa-twitter">&nbsp;</i>Tweet This!</a> Accordingly, SIX tries to be a responsible employer, providing all employees with an attractive work environment that supports them in giving their best.</p>
<p><strong>This case study is based on the 2016 </strong><strong>Corporate Responsibility Report</strong> <strong>by SIX</strong><strong> published on the Global Reporting Initiative </strong><a href="http://database.globalreporting.org/search" target="_blank" rel="noopener noreferrer"><strong>Sustainability Disclosure Database</strong></a><strong> that can be found at this </strong><a href="http://database.globalreporting.org/reports/50340/" target="_blank" rel="noopener noreferrer"><strong>link</strong></a><strong>. Through all case studies we aim to demonstrate that CSR/ sustainability reporting done responsibly is achieved by identifying a company’s most important impacts on the environment and stakeholders and by 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 loading="lazy" decoding="async" class="alignright wp-image-1719 size-large tie-appear" src="https://sustaincase.com/wp-content/uploads/2016/10/Identify-measure-manage-change-1024x139.jpg" sizes="auto, (max-width: 618px) 100vw, 618px" srcset="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, https://sustaincase.com/wp-content/uploads/2016/10/Identify-measure-manage-change-1024x139.jpg 1024w" alt="Layout 1" width="618" height="84" /></a></p>
<p><strong>Abstract</strong></p>
<p>Developing, educating and training employees, in addition to retaining and recruiting highly qualified professionals, not least through an attractive work environment, is a key priority for SIX. In order to create a work environment that provides opportunities for all employees, empowering them to give their best, SIX took action to:</p>
<ul>
<li>provide training and education</li>
<li>attract highly qualified professionals</li>
<li>create an attractive workplace</li>
</ul>
<p><a href="https://sustaincase.com/good-communication-with-responsible-csr-reporting/" target="_blank" rel="attachment wp-att-1719 noopener noreferrer"><img loading="lazy" decoding="async" class="wp-image-1719 size-large tie-appear" src="https://sustaincase.com/wp-content/uploads/2016/10/Identify-measure-manage-change-1024x139.jpg" 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="auto, (max-width: 618px) 100vw, 618px" /></a></p>
<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>100 case studies. These case studies demonstrate how companies are dealing responsibly with their most important impacts, building trust with their stakeholders</strong> (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) SIX has identified;</li>
<li>How SIX proceeded with <strong>stakeholder engagement</strong>, and</li>
<li><strong>What actions</strong> were taken by SIX to create a work environment that provides opportunities for all employees, empowering them to give their best</li>
</ul>
</div>
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<p><strong>What are the material issues the company has identified?</strong></p>
<p>In its 2016 Corporate Responsibility Report SIX identified a range of material issues, such as client satisfaction, ensuring personal integrity and non-discrimination of employees, contributing to the stability and attractiveness of the financial center, forward-looking services. Among these, creating a work environment that provides opportunities for all employees, empowering them to give their best, stands out as a key material issue for SIX.</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://g4.globalreporting.org/how-you-should-report/reporting-principles/principles-for-defining-report-content/stakeholder-inclusiveness/Pages/default.aspx" target="_blank" rel="noopener noreferrer">“The organization should identify its stakeholders, and explain how it has responded to their reasonable expectations.”</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>SIX</strong><strong> engages with:   </strong></p>
<table width="638">
<tbody>
<tr>
<td width="158"><strong>Stakeholder Group</strong></td>
<td width="480"><strong>               Method of engagement</strong></td>
</tr>
<tr>
<td width="158">Owners</td>
<td width="480">·         Continuous dialogue</td>
</tr>
<tr>
<td width="158">Politicians</td>
<td width="480">·         Continuous and active relationship management</td>
</tr>
<tr>
<td width="158">Suppliers</td>
<td width="480">·         Project-related discussions</td>
</tr>
<tr>
<td width="158">Industry associations</p>
<p>&nbsp;</td>
<td width="480">·         Active cooperation in working groups</p>
<p>·         Management of membership</td>
</tr>
<tr>
<td width="158">Regulatory and supervisory authorities</td>
<td width="480">·         Regular reporting</p>
<p>·         Cooperation in working groups and consultations/hearings</td>
</tr>
<tr>
<td width="158">Academia</td>
<td width="480">·         Project-related dialogue</td>
</tr>
<tr>
<td width="158">Employees</td>
<td width="480">·         Biannual employee survey</td>
</tr>
<tr>
<td width="158">Customers</td>
<td width="480">·         Annual customer satisfaction survey</p>
<p>·         Dialogue about top account management</td>
</tr>
</tbody>
</table>
<p><strong>How stakeholder engagement was made to identify material issues</strong></p>
<p>In 2016, to identify material aspects, SIX carried out an employee and client satisfaction survey, in addition to dialogue with representatives from a number of stakeholder groups.</p>
<p><strong>What actions were taken by SIX</strong><strong> to</strong> <strong>create a work environment that provides opportunities for all employees, empowering them to give their best?</strong></p>
<p>In its 2016 Corporate Responsibility Report SIX reports that it took the following actions for creating a work environment that provides opportunities for all employees, empowering them to give their best:</p>
<ul>
<li><strong>Providing training and education </strong></li>
<li>During 2016, 1,974 SIX employees (approximately half of all staff) were offered further education and training at the SIX Group Academy, also enjoying opportunities for e-learning and external learning and training. SIX employees can also participate in the company’s three programs for promoting talented staff: the Junior, the Senior and the Executive Development Pro­gram.</li>
</ul>
<ul>
<li><strong>Attracting highly qualified professionals</strong></li>
<li>SIX organizes an annual Hackathon, intended to offer young IT specialists an opportunity to come into contact with the company in a professional, and at the same time informal, environment. During the event innovative solutions to challenging tasks are developed, and SIX gains immediate access to a pool of talented young professionals.<a href="https://sustaincase.com/sustaincase-how-six-creates-a-work-environment-that-provides-opportunities-for-all-employees-empowering-them-to-give-their-best/" target="_blank" rel="noopener noreferrer"><img loading="lazy" decoding="async" class="alignright wp-image-6819 size-medium" src="https://sustaincase.com/wp-content/uploads/2017/11/F217110166-SC-SIX-_E-pubs_BANNERS_a1-1-300x180.jpg" alt="" width="300" height="180" srcset="https://sustaincase.com/wp-content/uploads/2017/11/F217110166-SC-SIX-_E-pubs_BANNERS_a1-1-300x180.jpg 300w, https://sustaincase.com/wp-content/uploads/2017/11/F217110166-SC-SIX-_E-pubs_BANNERS_a1-1.jpg 333w" sizes="auto, (max-width: 300px) 100vw, 300px" /></a></li>
</ul>
<ul>
<li><strong>Creating an attractive workplace</strong></li>
<li>To provide an attractive work environment for all employees SIX makes sure:
<ul>
<li>workplaces are easily accessible by public transport</li>
<li>flexible working times are offered, on the basis of an annual working time model</li>
<li>employees are able to work from home</li>
<li>attractive employment conditions are provided, including a family allowance, contributions for using public transport to and from work, childcare, fitness memberships</li>
</ul>
</li>
</ul>
<p><strong>Which GRI indicators/Standards have been addressed?</strong></p>
<p>The GRI indicators/Standards addressed in this case are:</p>
<p>1) <strong>G4-LA1:</strong> <a href="https://g4.globalreporting.org/specific-standard-disclosures/social/labor-practices-and-decent-work/employment/Pages/G4-LA1.aspx" target="_blank" rel="noopener noreferrer">Total number and rates of new employee hires and employee turnover by age group, gender and region </a><strong>–</strong> the updated GRI Standard is: <a href="https://www.inxsoftware.com/media/transfer/doc/gri_401_employment_2016.pdf" target="_blank" rel="noopener noreferrer">Disclosure 401-1 New employee hires and employee turnover</a></p>
<p>2) <strong>G4-LA9:</strong> <a href="https://g4.globalreporting.org/specific-standard-disclosures/social/labor-practices-and-decent-work/training-and-education/Pages/G4-LA9.aspx" target="_blank" rel="noopener noreferrer">Average hours of training per year per employee by gender, and by employee category</a><strong> –</strong> the updated GRI Standard is: <a href="https://www.globalreporting.org/standards/media/1019/gri-404-training-and-education-2016.pdf" target="_blank" rel="noopener noreferrer">Disclosure 404-1 Average hours of training per year per employee</a></p>
<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>
<li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Identify your most important impacts on the Environment, Economy and People</span></li>
<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>
<li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Benchmarking methodology to set you on a path of continuous improvement</span></li>
</ul>
<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>&nbsp;</p>
<p>References:</p>
<p>1) This case study is based on published information by SIX, 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:</p>
<p><a href="http://database.globalreporting.org/" target="_blank" rel="noopener noreferrer">http://database.globalreporting.org/</a></p>
<p>2) <a href="http://www.fbrh.co.uk/en/global-reporting-initiative-gri-g4-guidelines-download-page" target="_blank" rel="noopener noreferrer">http://www.fbrh.co.uk/en/global-reporting-initiative-gri-g4-guidelines-download-page</a></p>
<p>3) <a href="https://g4.globalreporting.org/Pages/default.aspx" target="_blank" rel="noopener noreferrer">https://g4.globalreporting.org/Pages/default.aspx</a></p>
<p>4) <a href="https://www.globalreporting.org/standards/gri-standards-download-center/" target="_blank" rel="noopener noreferrer">https://www.globalre</a><a href="https://www.globalreporting.org/standards/gri-standards-download-center/" target="_blank" rel="noopener noreferrer">porting.org/standards/gri-standards-download-center/</a></p>
<p>&nbsp;</p>
<p>Note to SIX: With each case study we send out an email to your listed address in request for 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 noreferrer">contact us</a>.</p>
<p> </div>
<p>The post <a href="https://sustaincase.com/case-study-how-six-creates-a-work-environment-that-provides-opportunities-for-all-employees-empowering-them-to-give-their-best/">Case study: How SIX creates a work environment that provides opportunities for all employees, empowering them to give their best</a> appeared first on <a href="https://sustaincase.com">SustainCase - Sustainability Magazine</a>.</p>
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		<item>
		<title>Case study: How SIX contributes to the stability and attractiveness of the Swiss financial center through forward-looking services</title>
		<link>https://sustaincase.com/case-study-how-six-contributes-to-the-stability-and-attractiveness-of-the-swiss-financial-center-through-forward-looking-services/</link>
		
		<dc:creator><![CDATA[Gerasimos]]></dc:creator>
		<pubDate>Tue, 04 Jul 2017 07:45:05 +0000</pubDate>
				<category><![CDATA[case studies]]></category>
		<category><![CDATA[Sector: Financial Services]]></category>
		<category><![CDATA[case study]]></category>
		<category><![CDATA[corporate citizenship]]></category>
		<category><![CDATA[e-bills]]></category>
		<category><![CDATA[SIX]]></category>
		<category><![CDATA[sustain case]]></category>
		<category><![CDATA[sustainability report]]></category>
		<category><![CDATA[SXI Switzerland Sustainability 25 Index]]></category>
		<guid isPermaLink="false">https://ccprowebs.com/new-sustaincase.com/?p=3993</guid>

					<description><![CDATA[<p>SIX’s mission is to ensure the stability, efficiency and competitiveness of the Swiss financial center through first-rate infrastructure services, a mission that is accomplished not least through forward-looking services benefiting society as a whole and fostering the sustainable development and attractiveness of Switzerland as a financial center. This case study is based on the 2015 Corporate Responsibility Report by SIX published on the Global Reporting Initiative Sustainability Disclosure Database that can be found at this link. Through all case studies we aim to demonstrate that CSR/ sustainability reporting done responsibly is achieved by identifying a company’s most important impacts on the environment [&#8230;]</p>
<p>The post <a href="https://sustaincase.com/case-study-how-six-contributes-to-the-stability-and-attractiveness-of-the-swiss-financial-center-through-forward-looking-services/">Case study: How SIX contributes to the stability and attractiveness of the Swiss financial center through forward-looking services</a> appeared first on <a href="https://sustaincase.com">SustainCase - Sustainability Magazine</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p><a href="https://www.fbrh.co.uk/en/2-day-fbrh-gri-standards-certified-training-course-register-now?utm_source=sustain-case&amp;utm_medium=small-banner" target="_blank" rel="noopener noreferrer"><br />
</a>SIX’s mission is to ensure the stability, efficiency and competitiveness of the Swiss financial center through first-rate infrastructure services, a mission that is accomplished not least through forward-looking services benefiting society as a whole and fostering the sustainable development and attractiveness of Switzerland as a financial center.</p>
<p><strong>This case study is based on the 2015 </strong><strong>Corporate Responsibility Report</strong> <strong>by SIX</strong><strong> published on the Global Reporting Initiative </strong><a href="http://database.globalreporting.org/search" target="_blank" rel="noopener noreferrer"><strong>Sustainability Disclosure Database</strong></a><strong> that can be found at this </strong><a href="http://database.globalreporting.org/reports/38222/" target="_blank" rel="noopener noreferrer"><strong>link</strong></a><strong>. Through all case studies we aim to demonstrate that CSR/ sustainability reporting done responsibly is achieved by identifying a company’s most important impacts on the environment and stakeholders and by measuring, managing and changing. </strong><strong> </strong></p>
<p>By providing innovative, top quality infrastructure services SIX strives to ensure the reliability and efficacy of the Swiss financial market. In order to contribute to the stability and attractiveness of the Swiss financial center through forward-looking services, SIX took action to:</p>
<ul>
<li>help financial institutions achieve compliance</li>
<li>contribute to the efficient use of resources through e-bills</li>
<li>enable paper-free land registry information processing through Terravis</li>
<li>develop the SXI Switzerland Sustainability 25 Index on the most sustainable companies</li>
</ul>
<p><a href="https://sustaincase.com/good-communication-with-responsible-csr-reporting/" target="_blank" rel="attachment wp-att-1719 noopener noreferrer"><img loading="lazy" decoding="async" class="wp-image-1719 size-large tie-appear" src="https://sustaincase.com/wp-content/uploads/2016/10/Identify-measure-manage-change-1024x139.jpg" 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="auto, (max-width: 618px) 100vw, 618px" /></a></p>
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<h4>With this case study you will see:</h4>
<ul>
<li>Which are the <strong>most important impacts</strong> (material issues) SIX has identified;</li>
<li>How SIX proceeded with <strong>stakeholder engagement</strong>, and</li>
<li><strong>What actions</strong> were taken by SIX to contribute to the stability and attractiveness of the Swiss financial center</li>
</ul>
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<p><strong>What are the material issues the company has identified?</strong></p>
<p>In its 2015 Corporate Responsibility Report SIX identified a range of material issues, such as a working environment that provides opportunities for all employees and empowers them to give their best, client satisfaction, employee diversity, compliance with laws. Among these, contributing to the stability and attractiveness of the Swiss financial center through forward-looking services stands out as a key material issue for SIX.</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://g4.globalreporting.org/how-you-should-report/reporting-principles/principles-for-defining-report-content/stakeholder-inclusiveness/Pages/default.aspx" target="_blank" rel="noopener noreferrer">“The organization should identify its stakeholders, and explain how it has responded to their reasonable expectations.”</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>SIX</strong><strong> engages with:   </strong></p>
<table width="638">
<tbody>
<tr>
<td width="158"><strong>Stakeholder Group</strong></td>
<td width="480"><strong>          Method of engagement</strong></td>
</tr>
<tr>
<td width="158">Owners</td>
<td width="480">·         Continual dialogue</td>
</tr>
<tr>
<td width="158">Sciences</td>
<td width="480">·         Project-based dialogue</td>
</tr>
<tr>
<td width="158">Suppliers</td>
<td width="480">·         Project-based negotiations</td>
</tr>
<tr>
<td width="158">Industry associations</p>
<p>&nbsp;</td>
<td width="480">·         Active participation in working groups</p>
<p>·         Management of memberships</td>
</tr>
<tr>
<td width="158">Regulators and supervisory authorities</td>
<td width="480">·         Regular reporting</p>
<p>·         Participation in working groups and in consultative proceedings/hearings</td>
</tr>
<tr>
<td width="158">Politics</td>
<td width="480">·         Continuous, active relationship management</td>
</tr>
<tr>
<td width="158">Employees</td>
<td width="480">·         Employee survey every two years</td>
</tr>
<tr>
<td width="158">Clients</td>
<td width="480">·         Annual client satisfaction survey</p>
<p>·         Dialogue through Top Account Management</td>
</tr>
</tbody>
</table>
<p><strong>How stakeholder engagement was made to identify material issues</strong></p>
<p>In 2015, to identify topics considered material by stakeholders, SIX analyzed information from the 2015 client survey and the 2014 employee survey and, also, conducted qualitative interviews with shareholders, clients and a non-governmental organization.</p>
<p><strong><br />
What actions were taken by SIX</strong><strong> to</strong> <strong>contribute to the stability and attractiveness of the Swiss financial center through forward-looking services?</strong></p>
<p>In its 2015 Corporate Responsibility Report SIX reports that it took the following actions to contribute to the stability and attractiveness of the Swiss financial center through forward-looking services:</p>
<ul>
<li><strong>Helping financial institutions achieve compliance</strong></li>
<li>A service developed by SIX Financial Information assists financial institutions worldwide in complying with FATCA (Foreign Account Tax Compliance Act) requirements, preparing and providing specific data to ensure reporting obligations are met.</li>
</ul>
<ul>
<li><strong>Contributing to the efficient use of resources through e-bills</strong></li>
<li>E-bills, increasingly used by bank clients, improve the efficiency of invoicing and ensure the sustainable use of resources. [tweetthis]<strong>In 2015 e-bills, progressively replacing paper invoices, reached 13.3 million.</strong>[/tweetthis]</li>
</ul>
<ul>
<li><strong>Enabling paper-free land registry information processing through Terravis</strong></li>
<li>SIX developed Terravis, a high-tech land registry information system providing cross-canton access to property information from a single source and enabling paper-free processing by registry officials – which speeds up processes and saves all parties concerned time and money.</li>
</ul>
<ul>
<li><strong>Developing the SXI Switzerland Sustainability 25 Index on the most sustainable companies</strong></li>
<li>The SXI Switzerland Sustainability 25 Index provides information to financial market players on the most sustainable companies, based on scores given to companies by external research partners – the higher a score, the more sustainable the company. Companies are ranked on the basis of their total points, to select the 25 with the highest points totals.</li>
</ul>
<p><strong>Which GRI indicators/Standards have been addressed?</strong></p>
<p>The GRI indicator addressed in this case is: <strong>G4-FS7</strong><strong>: </strong><a href="https://www.globalreporting.org/resourcelibrary/GRI-G4-Financial-Services-Sector-Disclosures.pdf" target="_blank" rel="noopener noreferrer">MONETARY VALUE OF PRODUCTS AND SERVICES DESIGNED TO DELIVER A SPECIFIC SOCIAL BENEFIT FOR EACH BUSINESS LINE BROKEN DOWN BY PURPOSE</a></p>
<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>
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<p>References:</p>
<p>1) This case study is based on published information by SIX, 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:</p>
<p><a href="http://database.globalreporting.org/" target="_blank" rel="noopener noreferrer">http://database.globalreporting.org/</a></p>
<p>2) <a href="http://www.fbrh.co.uk/en/global-reporting-initiative-gri-g4-guidelines-download-page" target="_blank" rel="noopener noreferrer">http://www.fbrh.co.uk/en/global-reporting-initiative-gri-g4-guidelines-download-page</a></p>
<p>3) <a href="https://g4.globalreporting.org/Pages/default.aspx" target="_blank" rel="noopener noreferrer">https://g4.globalreporting.org/Pages/default.aspx</a></p>
<p>4) <a href="https://www.globalreporting.org/standards/gri-standards-download-center/" target="_blank" rel="noopener noreferrer">https://www.globalreporting.org/standards/gri-standards-download-center/</a></p>
<p>Note to SIX: With each case study we send out an email to your listed address in request for 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 noreferrer">contact us</a>.</p>
<p> </div>
<p>The post <a href="https://sustaincase.com/case-study-how-six-contributes-to-the-stability-and-attractiveness-of-the-swiss-financial-center-through-forward-looking-services/">Case study: How SIX contributes to the stability and attractiveness of the Swiss financial center through forward-looking services</a> appeared first on <a href="https://sustaincase.com">SustainCase - Sustainability Magazine</a>.</p>
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