Page 4 - Sustainability Reports 2021

2021 ANNUAL FINANCIAL REPORT
Goed nieuws uit Congo! - Foto: Tim Dirven voor Oxfam Fairtrade 1
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Integrated
Annual Report 2021
“The North Star Project, launched in 2020 will continue to accelerate and reach full speed in 2022-2023. The focus will be on people, planet &
process.
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> How to embed ESG in Governance?
Even though “ESG” is the new hit word when it comes to sustain- ability, many organisations tend to forget that “G” stands for governance and should be an integral part of their sustainability strategy and reporting.
With the new EU directives coming, the role of the board of direc- tors/management in terms of sustainable value creation will increase as well as their responsibility in sustainability reporting. Transparency in the supply chain is becoming SMEs’ next main challenge.
If ESG is not embedded in governance, reports also remain at the level of “too good news shows”.
The Jury outlined this year a positive evolution regarding the governance criterion and wants to mention the reports of Beliès, Alsico, Elia, De Winning, Nextensa, Schréder, Oxfam Fair Trade and Vandemoortele.
The Jury welcomed that, contrarily to previous years, more and more organisations really entered into more balanced reports, daring to share negative impact/stories in their reports. This trend is well illustrated by the reports of Azelis , De Winning, Etex, Oxfam Fair Trade, Schréder, Umicore, Vanheede environment Group and Xior Student Housing.
The Jury noted that reports in general are lacking links and infor- mation about the stakeholders’ process. For more readability, the Jury advises organisations to include this information directly in the report (and not on the website for example). The Jury encour- ages companies to clarify how and on which basis they choose stakeholders, which are the results of the consultation and how they consolidate the results. The Jury would like to see more explanation on the stakeholder inclusiveness and engagement process. According to the Jury, reports have to show how the challenges the organisations are facing are linked with the way they choose the stakeholders and with the results of the consul- tation.
Good examples of Stakeholder Inclusiveness and Engagement can be found in the reports of Barco (stakeholder groups linked to grouped topic), Umicore (clear description of what is done with stakeholders and stakeholder matrix well detailed) and Vandemoortele (detailed explanation of the process with stake- holders).
Edition 2022
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Delicious Mediterranean products
SUSTAINABILITY REPORT 2021
IN 10 CHAPT1ERS
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ALSICO 2021
SUSTAINABILITY REPORT
Act now, act globally
Azelis Sustainability Report 2021
Values
de winning,
wij zijn doeners en maken
de wereld groener en lekkerder ! duurzaamheidsrapport 2021
Building
for the future Sustainability Report 2020
SUSTAINABILITY
REPORT 2021
Umicore Integrated Annual Report 2021
Towards a
circular world
in a sustainable Duurzaamheidsverslag
way
2021-2022
Together
for our Future
SUSTAINABILITY REPORT 2020
PLANET
FRIENDLY AND
SOCIALLY JUST SUSTAINABILITY REPORT 2021
EN
oxfamfairtrade.be
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2021 Integrated annual report
ANNUAL INTEGRATED REPORT 2021
SHAPING A TASTY FUTURE SUSTAINABLY