For executive management, sustainable business means creating added value for business through sustainability. In the current operating environment, it is even more important for management to read changes in the environment and ensure that their company’s product and service portfolio meets the future demands of climate change and will be competitive in, for example, the one-and-a-half degree scenario.
SRV’s strategy takes a firm stand on the role that business plays in combating climate change and adapting to a changing operating environment.
Sustainability will gain increasing importance as requirements for companies become ever stricter. Stakeholders are expecting increased openness and concrete action from industry players to tackle major sustainability challenges. Construction industry’s success in this area plays a significant role in building a more sustainable society and enables advancements in many aspects of sustainability.
The material sustainability themes are presented in SRV’s sustainability programme. SRV seeks to ensure that its sustainability work best supports the attainment of strategic objectives and increases businesses’ chances for success in an increasingly demanding operating environment. SRV also seeks to be an innovative and continually evolving professional in sustainability issues.
SRV Approach and value creation model
SRV engages in systematic sustainability efforts on three levels: by improving performance, reporting on its achievements with interesting content and ensuring that completed work translates to business value. The goal is to create value through sustainability work, not only to SRV, but also to its stakeholders – e.g. customers, partners and investors.
SRV’s sustainability efforts support the achievement of strategic objectives. The policies that guide SRV’s operations from a sustainability perspective include e.g. Code of Conduct. Practical instructions round out and specify the guidelines laid out in the Code of Conduct and the company’s policies.
The Group’s President & CEO has ultimate responsibility for the results of sustainability efforts at SRV. The Group’s Senior Vice President, Communications is responsible for sustainability efforts in the Corporate Executive Team and at the practical level together with the sustainability and communications team and in close co-operation with representatives of the business areas and various support functions.
SRV’s sustainability reporting is founded on a principle of relevance. The company complies with statutory and industry-wide reporting requirements, and provides both internal and external stakeholders with up-to-date and understandable information to support decision-making.
The material sustainability themes are presented in SRV’s sustainability programme. The programme facilitates understanding the big picture and communicating issues to different stakeholders. The sustainability programme enables every SRV employee to find their own role in sustainability development. The themes of SRV’s sustainability programme have been built around value creation. The themes in this annual report are also presented in accordance with the programme’s structure. Our goal is to ensure that the sustainability programme’s themes support business development and the attainment of SRV’s strategic targets in the best possible way. The sustainability programme is reviewed and updated on an annual basis.
SRV’s communications seek to provide information about the company’s business activities and operating environment so that its various stakeholders can form a correct and justified picture of the company. In crisis situations, SRV adheres to three general principles: communications must be fast, based on facts, and seek to establish open discussion with other parties impacted by the crisis.
By operating sustainably, SRV ensures that its customers, subcontractors and other partners will continue to think of us as a desired and reliable partner. SRV’s operations are guided by values and Code of Conduct SRV’s values, sustainability, enthusiasm, profitability, bold in development and open cooperation, create a firm foundation for further development.
The Code of Conduct defines the principles by which SRV makes decisions and acts under all circumstances. All of SRV’s companies, Board members, management and employees are obligated to comply with it regardless of their position.
SRV also seeks to get third parties, such as subcontractors and other partners, to commit to SRV’s Code of Conduct, or to ensure that third parties adhere to similar practices. SRV primarily seeks this commitment by including the content of Code of Conduct in the Construction Contract Programme.
SRV has an ethical channel that anyone can use to report failings in SRV’s operations, such as activities that contravene the Code of Conduct, either in their own name or anonymously. All observations relating to violations of Code of Conduct that are reported in good faith, will be investigated impartially. SRV is responsible for ensuring that employees do not suffer any unfavourable work-related consequences as a result of reporting such violations.