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MYTILINEOS HOLDINGS - SUSTAINABILITY REPORT
2016
The Group has defined “risk” as a sum of uncertain and
unpredictable situations that may affect all its activities, its
business operation, its economic performance as well as the
implementation of its strategy and the achievement of its goals.
A specific approach to risk management through regular internal
audits has been established in all activity sectors, where certain
risks have been recognised as follows:
• Identifying and assessing risk factors.
• Planning the risk management policy.
• Implementing and evaluating the risk management policy.
The Group has established specific and comprehensive Risk
Management Processes. All Management Executives are
involved in the identification and initial assessment of risks, so
as to facilitate the work of the Management Councils of each
business sector, as well as of the Board of Directors of each legal
person, in planning and approving specific actions in the context
of the approved Risk Management Processes.
With regard to Non-Financial data, the Group has established,
since 2010, a specific process to approach its Stakeholders
with regard to evaluating the materiality of the sustainability
issues related to the Group’s activity sectors. In conjunction
with the corresponding ranking of these issues by the Group’s
subsidiaries, this is the most important element of the
Group’s policy for the preparation and publication of its annual
Sustainability Report.
G4-45
The process to determine the material sustainability issues is
a never-ending exercise that is constantly evolving and being
improved. This process aims to highlight the issues that reflect
the Group’s significant environmental and social impact and have
a material influence on the decisions made by its Stakeholders.
Through the recognition and comprehension of the material
sustainability issues, the Group devises and develops its
common business strategy, its aims, its objectives and its social
and environmental initiatives.
The Group performs periodic internal audits to ensure the
appropriate and effective implementation of the processes for
risk identification and assessment and of the policies applied to
manage such risks.
Finally, The Board of Directors in a continuous and consistent way
re-examines the corporate strategy and the principal business
risks, in particular in a constantly changing financial and
business environment.
G4-47
Moreover, in regular time intervals,
it receives reports on what is done regarding the audits made by
the Auditor Committee, based on the annual programme of the
specific audits of the administration of Internal Audit of the firm.
The above mentioned allow the Board of Directors to formulate a
complete opinion on the effectiveness of the systems, processes
and regulations of the firm.
10.
Sustainability Report Parameters
Report Principles
The present publication is the 9th Sustainability Report of
MYTILINEOS Group (also referred to as the “Report”), presenting
the Group’s performance with regard to sustainability in all its
activity sectors and complementing its annual financial report.
The preparation of this Report was taken into account:
• The Guidelines (G4) of the Global Report Initiative (GRI)
Organisation.
G4-32
. (You may consult the relevant table at:
• The ISO 26000 International Standard on Corporate Social
Responsibility. (You may consult the relevant table at:
standards/about-corporate-social-responsibility)
• The 10 Principles of the UN Global Compact. (You may consult
the annual Communication on Progress (CoP) at:
www.
mytilineos.gr/Uploads/MYTILINEOS_Advanced_Level_
UNGC_COP_2016.pdf
• The OECD Guidelines to multinational enterprises on
responsible business conduct.
Report Scope
The Sustainability Report 2016 of MYTILINEOS Group refers to
the period from 1/1/2016 to 31/12/2016.
G4-28
. It covers all Group
activities in Greece, including the construction sites operated, by
the Group abroad, via its EPC Projects Sector (unless otherwise
stated).
G4-17
The Report does not include information (other
than financial) for SOMETRA and M&M GAS Co S.A., while the
performance figures given for METKA and Protergia include the
corresponding performance of their subsidiaries, as reported in
the Group’s Annual Report 2016.
Report Elements
The present publication reflects the efforts of MYTILINEOS Group
to provide concise and complete information on its performance
regarding the fulfilment of key Environmental, Social and
Governance criteria for all its business units.
The presented information has been collected and evaluated
by means of internal procedures, provided by the Group’s CSR
Governance system, for disclosure purposes of the present
publication. Thus, the Sustainability Report 2016:
• Focuses on the sustainability issues which are material to the
achievement of the strategic goals of MYTILINEOS Group and
which have been identified based on the internal assessment
process and by the Stakeholder engagement process.
• Contains, as a rule, quantitative data that cover the 5-year
period from 2012 to 2016 (unless stated otherwise in certain
tables).
• Presents aggregated quantitative data at the Group level, while
in several cases, percentage breakdowns by activity sector are
also presented, representing the specific performance of the
Group’s subsidiaries.
• Contains data from direct measurements, while where there’s
an estimation, this is mentioned explicitly.
• The completeness of the information contained in the Report
is supported by the dedicated Corporate Social Responsibility
section of the MYTILINEOS Group website
(
gr/en-us/corporate-social-responsibility/of-mytilineos-
group)
and by the new Integrated Value Creation Scorecard
tool concerning to publication purposes of Non-Financial data
/),
as well as by references,
where required, to the Group’s Annual Report 2016.
Views, comments or suggestions which, in your opinion, the
Group should take into consideration in the preparation of its
annual Sustainability Report, are most welcome. You can make
them using our custom-designed online questionnaire, available
at the following address:
-
about-mytilineos)
about-mytilineos
For more details or clarifications, please contact
G4-31
:
Vivian Bouzali
MYTILINEOS Group Communication Director
5-7 Patroklou Street, 151 25 Maroussi
Website:
The terms “Corporate Centre”, “Parent Company”, “MYTILINEOS Holdings” and the name “MYTILINEOS S.A.” refer to the company under the business name “MYTILINEOS
HOLDINGS S.A.”.
The terms “Company”, “Business” and the names “MYTILINEOS S.A.”, “ALUMINIUM OF GREECE S.A.”, “DELPHI-DISTOMON S.A.”, “METKA S.A.” and “PROTERGIA S.A.” refer
to each company that represents the respective activity sector of the Group and to that company’s activities in Greece, unless otherwise indicated.
The terms “Group” and “MYTILINEOS Group” refer to MYTILINEOS HOLDINGS S.A. and to its subsidiaries, all of which together make up MYTILINEOS Group.
