Coordinated process for materiality analysis
To create increased commitment and a clearer structure for the sustainability work already being carried out, the SuStenability process was introduced during the year. SuStenability consists of the following components:
- Description of the company’s value chain and business model, and the impact the business has on the environment, economy and social conditions.
- Assessment of the risks identified based on the above value chain.
- Analysis of material topics and focus areas.
- Assurance that policies for the environment, social conditions, personnel, human rights and anti-corruption are in place and have been implemented.
- Formulation of measurable goals and targets.
- Linking of goals and focus areas to the UN’s Sustainable Development Goals where possible.
The purpose of the SuStenability process is to ensure that companies have a clearer structure for the sustainability work and to facilitate consolidated compilations at Group level. The companies in the Group had different starting positions when the SuStenability work began and have therefore reached different stages in the process. There are still some companies that do not have all parts of the process in place yet, but this work will continue to be a major focus area in 2018.
The identified material topics for Stena AB (publ) at an aggregated level are as follows:
- Emissions of CO2, sulphur oxide (SOx) and nitrogen oxide (NOx) to the air.
- Reduce energy consumption/increase energy efficiency.
- Waste management.
- Emissions to water.
- Ensuring high quality operation to avoid accidents at sea and protecting people, the environment and property.
- The health and safety of both passengers and tenants, and in particular employees, whose work may place them in exposed environments, such as on board vessels.
- Non-discrimination and equal terms for both employees and other business partners.
- Employee training.
- Demonstrate good business ethics in the operations, by, for example, contributing to fair competition and counteracting corruption.