Sustainability

For us, sustainability is a prerequisite for Sustainable Development and also a factor in achieving stability and success. The implementation of responsible operating practices is our strategic choice, emphasising and focusing our attention over time on material issues and crucial pillars of corporate responsibility. We strive for a target of zero incidents by constantly improving our workplace while also taking care of minimising our environmental footprint. We build long-term relationships of trust with our customers and partners and we are always on their side supporting the needs of the local communities where we operate.
 
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Sustainability at Elval

 

Sustainability is at the heart of our corporate culture, our values and business strategy. We are dedicated to operate responsibly in all our business activities with aim to continuous improvement. Our strategy is based on a sustainable business model and our sustainability work is focused to creating value for all of our stakeholders.
The vision we are implementing each and every day is to respect the principles of Sustainable Development (economic prosperity, environmental protection and social cohesion). We invest in our people and we are committed to implementing responsible working practices. We operate in a way that is safe for our people and respectful to the environment. We behave responsibly and with care for local communities. Our approach to Sustainability is defined in our Sustainability policy. We report our sustainability progress on an annual basis.
 

 

 

 

 

 

Sustainability policy

Elval and its subsidiaries have incorporated the principles of sustainability in their business operations, thus recognising that their long-term growth and prosperity of society at large can only be achieved through sustainable development.
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Sustainability management

At Elval, sustainability issues are managed by the corporate responsibility team, which has been specifically set up for that purpose. The corporate responsibility team consists of staff representing various Elval divisions, and a head of corporate responsibility has been appointed, who is responsible for coordinating the team and briefing the Elval’s management team about these matters.
Elval's general managers convey important sustainability issues to the board of directors in their quarterly reports, which cover the entire range of our operations. The board of directors also briefs shareholders about Elval's material sustainability issues.
 

Creating value

The incorporation of responsibility practices in the way we operate leads to the creation of value for all parties connected with Elval: employees, customers, shareholders, suppliers, the local community and the wider society.
Strongly focusing on the principles of sustainable development (economic prosperity, environmental protection and social prosperity), we operate responsibly across the entire spectrum of our activities, as a reliable business partner.
 

Material issues

Elval carries out a materiality analysis, a specific process in accordance with international standards, in order to identify the most material sustainability aspects of its operations.
 
This procedure is repeated at regular intervals to capture any changes and to incorporate any new trends.
Elval’s material sustainability issues that emerged through the procedure of materiality analysis applied, are presented below.
 

 

Sustainability axis
Material / Important aspects
Economic viability
  • Financial performance (1)
  • Compliance with legislation and standards (5)
Environmental protection
  • Waste management (3)
  • Proper use / energy saving (4)
  • Rational management of raw materials (6)
  • Gas emission management (7)
  • Proper use / water saving (8)
  • Environmental protection expenditures (10)
  • Assessment of suppliers’ environmental profile (15)
  • Promotion of recycling (18)
Social welfare
  • Health and Safety of employees and others (2)
  • Human Resource Training (9)
  • Work assurance (11)
  • End user health and safety (12)
  • Proper labelling of products (13)
  • Assessment of suppliers’ work practices (14)
  • Combating corruption (16)
  • Respect / protection of human rights (17)
  • Equal employee development opportunities (18)
  • Promoting transparency (19)
  • Dialogue with local communities (20)
 

 

Communication with stakeholders    

 

 

We take our stakeholders’ view into serious account

We regularly engage with our stakeholders to understand the sustainability issues that are of interest to them and important to our business. Consultations with stakeholders seek to boost transparency and force strong relations built on trust and partnership with all our stakeholder groups. Following a specific procedure, we have placed stakeholders in the following two categories:
•    Key stakeholders (who are of critical importance for Elval)
•    Secondary stakeholders (who are affected by Elval decisions and activities).
 
We monitor and record the main issues and expectations resulting from the dialogue with each stakeholder group. The main issues of the dialogue with each stakeholder group are points on which we focus our actions and activities in order to improve our performance. In our Sustainability reports we present an overview of the dialogue and communication between Elval and its stakeholders.