Reporting of corporate responsibility
This report contains the basic features of the GRI G4 responsibility reporting guidelines. The information in the report covers the economic, social, and environmental impacts of Finnvera plc’s own operations for the financial period 1 January–31 December 2016. Compared against the previous years, no significant changes have taken place in the data, scope, or calculation limits of the report. Finnvera reports on responsibility annually; the previous report was released in March 2016. The report has not been subject to external assurance.
|
Aspect |
G4 indicators |
| Impact on society | |
| Economic performance | G4-EC1, EC4 |
| Indirect economic impact | G4-EC8 |
| Responsible financing | |
| Bribery and anti-corruption | G4-SO4 |
| Political contributions | G4-SO7 |
| Compliance | G4-SO8 |
| Investments | G4-HR1 |
| Product portfolio | G4-FS6, FS8 |
| Impact of own operations | |
| Energy | G4-EN3, G4-EN6 |
| Employment | G4-LA1 |
| Training and education | G4-LA9, LA10, LA11 |
| Stakeholders | |
| Product and service information | G4-PR5 |
| GRI G4 Content Index | |||
| Code | GRI content | Location | Remarks |
| General Standard Disclosures | |||
| Strategy and Analysis | |||
| G4-1 | CEO's statement | CEO's review Corporate responsibility at Finnvera |
Reported in part. |
| G4-2 | Key impacts, risks and opportunities | Corporate responsibility at Finnvera | Reported in part. |
| Organizational Profile | |||
| G4-3 | Name of the reporting organisation | Finnvera in brief | |
| G4-4 | Primary brands, products, and services | Finnvera in brief Financial services |
|
| G4-5 | Location of the organisation’s headquarters | Contact info | |
| G4-6 | Number of countries where the organisation operates | Service network | |
| G4-7 | Nature of ownership and legal form | Corporate governance | |
| G4-8 | Markets served | Clients | |
| G4-9 | Scale of the organisation | Key figures | |
| G4-10 | Total number of employees by employment type and contract | Personnel and the environment | In total there were 353 permanent employees, 338 full-time and 15 part-time employees. In addition there were 23 temporary employees. In total there were three agency workers, one man and two women. Self-employed persons or subcontractors do not perform a substantial part of the work. There is no significant seasonal variation in the number of employees. |
| G4-11 | Percentage of total employees covered by collective bargaining agreements | GRI | Finnvera’s company-specific collective bargaining agreement covered 355 persons. |
| G4-12 | Organisation’s supply chain | Personnel and the environment | |
| G4-13 | Significant changes during the reporting period | Strategy and goals | |
| G4-14 | Application of the precautionary approach or principle | Responsible financing | |
| G4-15 | Externally developed principles or other initiatives to which the organisation subscribes or which it endorses | Responsible financing | |
| G4-16 | Memberships of associations and national or international advocacy organizations | Active dialogue with stakeholders | |
| Identified Material Aspects and Boundaries | |||
| G4-17 | Boundaries for the Group | Corporate responsibility at Finnvera | |
| G4-18 | Defining the report content | Corporate responsibility at Finnvera Reporting of corporate responsibility |
|
| G4-19 | Material aspects | Corporate responsibility at Finnvera | |
| G4-20 | Boundaries concerning material aspects within the organisation | Reporting of corporate responsibility | |
| G4-21 | Boundaries concerning material aspects outside the organisation | Reporting of corporate responsibility | |
| G4-22 | Restatements of information provided in previous reports | Reporting of corporate responsibility | No significant changes. |
| G4-23 | Significant changes from previous reporting periods in the scope and aspect boundaries | Reporting of corporate responsibility | No significant changes. |
| Stakeholder Engagement | |||
| G4-24 | List of stakeholder groups engaged by the organisation | Active dialogue with stakeholders | |
| G4-25 | Basis for identification and selection of stakeholders with whom to engage | Not reported. | |
| G4-26 | Organisation’s approach to stakeholder engagement | Active dialogue with stakeholders | |
| G4-27 | Key topics and concerns that have been raised through stakeholder engagement | Active dialogue with stakeholders Personnel and the environment |
Reported in part. |
| Report Profile | |||
| G4-28 | Reporting period | Reporting of corporate responsibility | |
| G4-29 | Date of most recent previous report | Reporting of corporate responsibility | |
| G4-30 | Reporting cycle | Reporting of corporate responsibility | |
| G4-31 | Contact point for questions regarding the report or its contents | Contact info | |
| G4-32 | GRI Content Index | Reporting of corporate responsibility | |
| G4-33 | Approach to external assurance | Reporting of corporate responsibility | The report of 2016 has not been subject to external assurance. |
| Governance | |||
| Governance structure and composition | |||
| G4-34 | Governance structure and committees | Corporate governance | |
| G4-38 | Composition of the highest governance body | Board of Directors | All Board members are independent. |
| G4-39 | Status of the Chair of the highest governance body | Board of Directors | The Chairman of the Board is independent of the executive management. |
| G4-40 | Nomination and selection processes for the highest governance body | Statement on the Corporate Governance and Steering System | |
| G4-41 | Avoidance of conflicts of interest | Corporate governance | |
| Remuneration and incentives | |||
| G4-51 | Remuneration of the highest governance body | Statement on the Corporate Governance and Steering System | |
| Ethics and Integrity | |||
| G4-56 | Values and codes of conduct | Personnel and the environment Corporate responsibility at Finnvera |
|
| Specific Standard Disclosures | |||
| Disclosures on Management Approach | |||
| DMA | Generic disclosures on management approach | Responsible financing Active dialogue with the stakeholders Good corporate governance Personnel and the environment Risk management |
|
| Economic Responsibility | |||
| Economic performance | |||
| G4-EC1 | Direct economic value generated and distributed | Impact on society | |
| G4-EC4 | Financial implications and other risks and opportunities due to climate change | Financial statements | |
| Indirect economic impacts | |||
| G4-EC8 | Significant indirect economic impacts, including the extent of impacts | Impact on society | |
| Own indicator | Jobs created, growth, internationalisation, exports | Impact on society | |
| Environmental Responsibility | |||
| Energy | |||
| G4-EN3 | Energy consumption within the organisation | Personnel and the environment | Total electricity consumption reported. |
| G4-EN6 | Reduction of energy consumption | Personnel and the environment | |
| Emissions | |||
| Social responsibility | |||
| Labour Practices and Decent Work | |||
| Employment | |||
| G4-LA1 | Total number and rates of new employee hires and employee turnover, by age group, gender, and region | Personnel and the environment | |
| Training and education | |||
| G4-LA9 | Average hours of training that the organisation’s employees have undertaken during the reporting period | Personnel and the environment | Average hours of training were 11.6 h, of which women accounted for 7.3 h and men for 4.3 h. |
| G4-LA10 | Programmes for skills management and lifelong learning that support the continued employability of employees and assist them in managing career endings | Personnel and the environment | |
| G4-LA11 | Percentage of employees who receive regular performance and career development reviews | Personnel and the environment | The entire personnel is encompassed by performance and career development reviews. |
| Human Rights | |||
| Investments | |||
| G4-HR1 | Total number and percentage of significant investment agreements and contracts that include human rights clauses or that underwent human rights screening | Responsible financing | Reported in part. |
| Society | |||
| Anti-corruption | |||
| G4-SO4 | Communication and training on anti-corruption policies and procedures | Responsible financing | |
| Political contributions | |||
| G4-SO7 | Total number of legal actions for anti-competitive behaviour, anti-trust, and monopoly practices and their outcomes | No court cases. | |
| Compliance | |||
| G4-SO8 | Significant fines and non-monetary sanctions for non-compliance with laws and regulations | No fines or sanctions. | |
| Product Responsibility | |||
| Product and service information | |||
| G4-PR5 | Results of customer satisfaction surveys | Active dialogue with the stakeholders | The survey is conducted every second year, the next time in 2017. |
| Product portfolio | |||
| G4-FS6 | Percentage of the portfolio for business lines by specific region, size, and by sector | Responsible financing Clients Business operations |
Reported in part. |
| G4-FS8 | Monetary value of products and services designed to deliver a specific environmental benefit for each business line broken down by purpose | Responsible financing | Reported in part. |
