MYTILINEOS Holdings Sustainability Report
2014
MYTILINEOS Holdings Sustainability Report
2014
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In response to the expectations of its Stakeholders and in line with its
commitment to continuous improvement, MYTILINEOS Group is re-
leasing its 7th annual Sustainability Report (hereafter "CSR Report" or
simply "Report"), which is declared as
“In accordance Core” for GRI
(G4)
Guidelines levels
and as
“Advanced” level Communication on
Progress
according to U.N. GLobal Compact criteria.
Group’s approach to defining the content of the Sustainability Report
for 2014 was based on monitoring and identifying key topics considered
in the Stakeholder engagement process. The Report covers issues
whose disclosure was of significant importance both for stakeholders
and for the Group itself in the reporting year. The present publication
follows the structure introduced, for the first time, in the Sustainabili-
ty Report 2013, reflecting the Group's intention to present concise and
complete information on its ESG (Environmental - Social - Governance)
performance, for its Corporate Centre as well as for subsidiaries.
In most cases, the quantitative information presented in the Report is
consolidated at the Group level, while percentage breakdowns of these
consolidated figures are provided in order to reflect the individual perfor-
mance of MYTILINEOS Group subsidiaries (with the exception of M&M
GAS S.A.) as reported in the Group Annual Report 2014.
al_Report_2014_gr.pdf (p.8).
The completeness of the information contained in the Report is sup-
ported by the specific Corporate Social Responsibility section of the
MYTILINEOS Group website
(
-
cial-responsibility/of-mytilineos-group)
as well as by references, where
required, to the Group's Annual Report 2014. Moreover, in preparing its
Sustainability Report and in line with its standard practice, the Group
has voluntarily incorporated the principles of international standards
and guidelines such as:
•
The GRI Sustainability Reporting guidelines, based on the Mining
and Metals Sector Supplement (March 2010), which serve as a
key pillar of the Group’s performance in the broader context of
sustainability.
•
The seven fundamental principles of Corporate Social Responsi-
bility, as defined by the ISO 26000 Social Responsibility Interna-
tional Standard. For the Group's incorporation of the CSR Prin-
ciples under ISO 26000, you may consult the correspondence
table available from:
tiatives-and-standards/about-corporate-social-responsibili-
ty#tab-iso-2006-international-standards.
•
The 10 Principles of the UN Global Compact, and
•
The OECD Guidelines to multinational enterprises on responsible
business conduct.
The content of this Report focuses on the sustainability issues which are
material to the achievement of the strategic goals of MYTILINEOS Group
and to the establishment of its future prospects as a Group, with a long-
term horizon, that it takes care to ensure that its activities create shared
value, for itself, its stakeholders and for the society in which it belongs
and operates.
Views, comments or suggestions which, in your opinion, the Group
should take into consideration in the preparation process of its annual
Sustainability Report, are most welcome. You can make them using
our online questionnaire, available from the following address:
For more details or clarifications, please contact:
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.
2. Sustainability Report
Parameters
MYTILINEOS Group seeks to reflect in its practices the principle of
Corporate Responsibility. Since 2010, the Group has developed a
process for defining the materiality of sustainability issues, which
combines the principles of the GRI international standard with the
procedures that govern the Group's application of the precautionary
principle in the framework of its operation.
In 2014, the Group adapted this process to the methodology of the new
GRI-G4 Sustainability Reporting Guidelines, allowing a more effective
identification of these issues, as well as the description of their impacts
and the latter's boundaries, taking also into account the expectations of
the Group's key Stakeholders.
More specifically, the Materiality analysis process was implemented in
three stages:
(G4-18)
(G4-26)
3. Materiality analysis of
sustainability issues
Identification of Materiality issues
Sustainability context
Work in this stage adhered to the Principle of the Sustainability context, according to which the issues composing
the CSR framework of MYTILINEOS Group are thoroughly investigated and identified. This investigation was
carried out based on the current practices and future trends that relate to the Group's long-term strategy, taking
into account the restrictions and requirements imposed by environmental or social parameters per activity
sector, on the national, regional or local level. In line with the above, the following activities were carried out:
• Internal meetings to determine environmental and social impacts, with the participation of the individual CSR
teams and top executives of the three subsidiaries of MYTILINEOS Group.
• Examination of official corporate documents and procedures such as: The Group's CSR strategic directions, its
specific CSR policies, the Group's Principles and Values, its fundamental commitments in the CSR framework,
its Professional Ethics Code and the results from the sustainability risk analysis and assessment procedures
in place.
• Incorporation of international standards and guidelines such as: The list of GRI-G4 aspects, the additional
requirements of the GRI Organisation for the Mining and Metals sector, the guidance provided by the ISO 26000
Social Responsibility International Standard and the Principles of the UN Global Compact.
• Overview of the competitive environment of the Group's subsidiaries in terms of sustainability issues.
Stakeholder
participation
The participation of the key Stakeholder groups, in this stage, took place with the integration of their
expectations and issues of interest raised during the Group's annual Engagement process, implemented
through its subsidiaries on the local level (local dialogue forum and use of the electronic consultation
method).
Results
As a result of the synthesis of the above actions,
44 Materiality issues
were initially identified and
recorded.
Stage
A:
In detail:
•
STRATEGY/GOVERNANCE: 7
•
LABOUR PRACTICES: 8
•
ENVIRONMENT: 9
•
HUMAN RIGHTS: 8
•
SOCIETY: 6
•
MARKET: 6
(G4-32)
(G4-17)
(G4-18)
(G4-31)
(G4-1)
