Sustainability management, reporting and risks

Sus­tain­abil­i­ty man­age­ment, re­port­ing and risks

Among stakeholders, investors in particular have a strongly growing need for information on sustainability issues. Openness and transparency are the only ways to meet these needs and thereby bolster trust among all stakeholders.

In the case of reporting, the company focused particularly on the amendments to the Accounting Act with respect to non-financial reporting. A report on HR issues, social responsibility, human rights, environmental issues, bribery and corruption is provided in the financial statements section of the Report of the Board of Directors in accordance with the requirements of the Accounting Act.

A summary of the report is also presented in the adjacent table.

Changes in legislation, such as the amended Accounting Act, require companies to provide a more detailed description of sustainability-related risks and their management. SRV’s risk management is responsible for the identification and reporting of sustainability risks as well as risk management measures.

The identified sustainability risks include environmental risks, severe accidents, the grey economy, working conditions in the entire supply chain and reputation among stakeholders. One of the focuses of risk assessment has been respecting human rights in the company’s own operations and in the supply chain.