Traxión 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, 25 Oct 2023 06:13:30 +0000 en-US hourly 1 https://wordpress.org/?v=7.1 Case study: How Traxión creates economic value for its stakeholders https://sustaincase.com/case-study-how-traxion-creates-economic-value-for-its-stakeholders/ Wed, 25 Oct 2023 06:13:30 +0000 https://ccprowebs.com/new-sustaincase.com/?p=15480 Traxión is the leading company in mobility and logistics in Mexico, offering the broadest portfolio of integrated solutions in the industry. This is reflected in the way in which Traxión distributes its economic value generated in several item lines such as employee remuneration, investments in the community, taxes, and the generation of opportunities in its supply chain. This case study is based on the 2021 Integrated Report by Traxión, 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, […]

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]]> Traxión is the leading company in mobility and logistics in Mexico, offering the broadest portfolio of integrated solutions in the industry. Based on its operational and financial management, Traxión’s goal is to create value for its stakeholders.  Tweet This! This is reflected in the way in which Traxión distributes its economic value generated in several item lines such as employee remuneration, investments in the community, taxes, and the generation of opportunities in its supply chain.

This case study is based on the 2021 Integrated Report by Traxión, 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. 

Being the leader in mobility and logistics and creating sustainable, long-term value for all its stakeholders is a top priority for Traxión. In order to create economic value for its stakeholders Traxión took action to:

  • create economic value for employees
  • create economic value for suppliers of capital
  • create economic value for the government
  • create economic value for communities

What are the material issues the company has identified?

In its 2021 Integrated Report Traxión identified a range of material issues, such as ethics and transparency, innovation and technology, training and development, legal/regulatory compliance. Among these, creating economic value for its stakeholders stands out as a key material issue for Traxión.

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 s 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 Traxión engages with:

Stakeholder Group                Method of engagement
Employees

 

 ·      Integrated report

·      Work environment surveys

·      Email/website

·      Training and workshops

·      Reporting line
Customers

 

 

 

 ·      Meetings

·      Email/website

·      Service survey

·      Integrated report

·      Reporting line
Shareholders and Investors

 

 

 ·      Meetings

·      Integrated report/quarterly reports

·      Website (investors + sustainability)

·      Email/Questionnaires ESG (CSA, CDP, etc.)
Suppliers

 

 ·      Meetings

·      Training and workshops

·      Integrated report

·      Email/website

·      Reporting line
Authorities and regulators

 

 

 ·      Meetings

·      Integrated report

·      Email/website

·      Reporting line

How stakeholder engagement was made to identify material issues

To identify and prioritise material topics Traxión engaged with its stakeholders through an online survey.

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

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

  • Creating economic value for employees
  • In 2021, Traxión paid MXN 3,894,948 thousand for employee salaries and benefits.
  • Creating economic value for suppliers of capital
  • In 2021, Traxión paid MXN 576,300 thousand to suppliers of capital.
  • Creating economic value for the government
  • In 2021, Traxión paid MXN 300,035 thousand in taxes.
  • Creating economic value for communities
  • In 2021, Traxión spent MXN 5,921 thousand in community investment.

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

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  • Exclusive FBRH template to begin reporting from day one
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  • Formulate in group exercises your plan for action. Begin taking solid, focused, all-round sustainability action ASAP. 
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References:

This case study is based on published information by Traxión, 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:

http://www.traxion.global/assets/assets/II21_ENG.pdf

Note to Traxión: 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.

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