Section ECONOMY
TOPIC

MYTILINEOS
Integrated Value Creation SCORECARD 2017

The value created by MYTILINEOS, over time, manifests itself through changes in the increase, decrease or transformation of resources caused by business activities and its results. This value has two interrelated aspects:

(a) value generated for the company itself; and

b) value created for the groups of its Social Partners and society in general.

The aim of the renewed "Integrated Value Creation SCORECARD 2017" is the presentation to all Social Partners of MYTILINEOS of the basic resources (financial, industrial, physical, human and social) that utilizes during its activity, through its business model, the respective results and the value generated in conjunction with the 17 UN Sustainable Development Goals. In the following e-mail address you can see in detail the updated version of "Integrated Value Creation SCORECARD":https://scorecard.mytilineos.gr/index-en.html.
  • Shareholders, Investors & Financial Analysts
  • Local communities
  • Partners & suppliers
  • Business Agencies & Sustainable Development Agencies
  • Local government
  • Employees
  • Representatives of the Press
  • Volunteer organizations

January 2017- December 2017

MYTILINEOS 'ability to create value for itself is directly related to the value it creates for its Social Partners. This happens through a series of interactions and relationships of its business activities that directly affect the company's ability to operate. The creation of the new information microsite "Integrated Value Creation SCORECARD" highlights, in a direct and understandable way, the common value produced by the company, depending on the category of resources it manages and utilizes in the context of its activity.

Basic structure of SCORECARD

1. Demonstration for the first time of the Business Model of MYTILINEOS in combination with the 17 Global Sustainable Development Goals and report of key figures.

2. Basic description of the resources (Financial capital, Industrial capital, Natural capital, Human capital, Social capital) that the company utilizes and manages during its activity. For the first time, the analysis of the correlation and the interaction of the categories of resources with each other is presented in order to understand the process of unified perception in the production of added value.

3. Presentation of 2017 results with the relevant changes in each capital category with the reference of specific KPI’s that are framed by comparative graphs over a period of three years.

4. Presentation of KPIs of generated value for MYTILINEOS and its Social Partners framed by comparative charts over a period of three years. Also, in this section, for the first time, the visitor is given the opportunity to be able to select a Global Target and see the corresponding KPIs that the company has set, in the context of its contribution to their achievement to the extent appropriate.

http://scorecard.mytilineos.gr/

The quantitative data included in the implementation have been calculated based on the new Standards of the international organization GRI for social reports, while the structure of their presentation was implemented in accordance with the two main sections of the Guidelines of the International Consolidated Accounts (IIRC): "The Capitals" and "The Value Creation for the organization & others".

There was no cooperation with another body for the implementation of this action.

Yes (CSR Groups of MYTILINEOS Business Activities).

MYTILINEOS headquarters in Athens.

Key results:

  • Further develop transparency towards all groups of the Social Partners. Coverage of legislation for the publication of Non-Financial Data (law 4403/2016)
  • Further promotion of the issues of sustainable development in the sphere of influence of the company (mainly suppliers).
  • Scorecard unique visitors - 121% increase - 2017: 1,958 (2016: 886)
  • Returning visitors of Scorecard Increase 128% - 2017: 312 (2016: 137)
  • Presentation of Scorecard as casestudy in 4 training seminars for the preparation of Single Accounts (EY & Grand Thornton).

Benefits for MYTILINEOS:

  • This initiative, of presenting the single value produced by MYTILINEOS in the context of its activity, is an innovation in the Greek business space, strengthening its position, in the perception of its Social Partners, regarding responsible entrepreneurship.
  • Better risk management and recognition of opportunities in terms of sustainability.
  • Further promotion of the logic of Integrated Thinking in the company, which leads to the process of unified decision-making and actions that aim to create short-term, medium-term and long-term value.
  • Improved corporate image and reputation through the development of a socially responsible profile.
  • Develop and improve relationships with investors interested in information related to the ESG criteria.