The purpose of the Non-Financial Information Statement is to inform all stakeholders of how the Viscofan Group (without distinction it will be referred to as the “Viscofan Group” or “Viscofan”. Viscofan S.A., parent company of the Viscofan Group, will be referred to as the “Company”) creates value and reports the environmental, social and good governance impacts that can substantially influence the decision-making of such stakeholders. This non-financial statement covers the period from 1 January to 31 December 2020 for the financial year of the Viscofan Group.
The scope of this report covers the companies that form part of the Viscofan Group as of 31 December 2020, detailed in note 2 of the annual consolidated financial statements. The companies included in the 2019 comparison are those included in the 2019 scope of consolidation, with the exception of the companies originating from Globus in Australia and New Zealand and those acquired from Nitta Casings Inc. in the United States and Canada.
This document was prepared pursuant to Law 11/2018, of 28 December, on non-financial information and diversity. Likewise, this report was prepared in conformity with the essential option of the Global Reporting Initiative (GRI) standard.
Alongside this, the United Nations Global Compact, of which Viscofan is a signatory member, has been taken as a reference. In this regard, it is also a progress report on the measures taken by the Group to implement the 10 Principles of the Global Compact, in line with the Global Compact reporting policy.
Additionally, to contribute to improved climate change reporting, Viscofan has used the Task Force on Climate related Financial Disclosure (TCFD) as a reference, which recommends general elements on which the organisations must focus to manage climate change risks, and the Carbon Disclosure Project questionnaire, which includes the TCFD recommendations.
In accordance with the indications of the 102-55 content of the GRI Standard: 102 General Disclosures 2016. This report includes a GRI content index as a navigation tool.
The Viscofan Group understands sustainability as the ability to create value among its various stakeholders in the short, medium and long term without compromising the well-being of future generations. To achieve this commitment, appropriate communication channels have been identified and established to ensure an open dialogue and to be aware of their needs and expectations, allowing the identification and analysis of the most relevant aspects of value creation that inspire the Viscofan Group’s success strategy.
The details of stakeholders and the communication channels used are as follows:
Stakeholder |
Specific communication channels |
Value proposal |
Shareholders |
General Shareholders' Meeting, roadshows, conferences, telephone and mail contact, corporate website, shareholder service office |
Sustainable economic growth |
Employees |
Intranet, global opinion poll, meetings and presentations, training sessions, direct relationship with managers, internal magazine, complaints channel, bulletin boards and information screens |
Development of skills and talent |
Customers |
Customer satisfaction surveys, seminars and events organised by Viscofan, telephone and email technical assistance and continuous service, end-to-end claims and complaints system, active presence in trade fairs, visits to and from customers, local presence through agents and distributors, access to an extranet for customers accessible at www.viscofan.com |
Preferred option in line with its needs to improve process efficiency and sustainability |
Suppliers |
Direct contact, collaboration agreements, training, assessments and audits |
Alliance and respect in the search for the best solutions in the developtment of our activities |
Company |
Contact with the local community, civil society actors, partnership agreements, sponsorships, etc. |
Economic growth, integration of the territory and development of the community |
Contact with governmental institutions, associations, lawyers. |
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Collaboration with research centres and institutes in different countries |
This report contains the information on the performance and response of the Viscofan Group to the most significant aspects identified, taking into account the findings of the materiality analysis performed with the advisory services of an independent expert.
Within the framework of the Sustainability Action Plan, in 2020, a new materiality analysis was carried out that identified the company’s most significant economic, environmental, social and governance impacts that substantially influence its valuations and decisions.
For the preparation of the materiality analysis, 47 material aspects have been identified for the different stakeholders on the basis of the following:
These significant issues were then presented to the heads of various areas of the Viscofan Group to assess their impact on the Group’s operations and reputation and on the environment.
The results of this analysis have been presented in a materiality matrix, with the vertical axis representing the external importance, and the horizontal axis the internal importance.
Of the 47 material aspects analysed, the positioning obtained enables 19 issues of greater external and internal significance to be focused on, based on the weighting higher than 2 of the matrix obtained, and which are disclosed in this Non-Financial Information Statement.
The result of this analysis has served to continue the follow-up of the Sustainability Action Plan approved by the Company’s Board of Directors, in which the most significant aspects identified in the area of sustainability are aligned with the implementation established in the MORE TO BE Strategic Plan.
Click on the categories to see the position of the relevant topics in the matrix.
Category |
Significant material aspects |
Corporate governance |
|
Commercial and supply management |
|
Employment management |
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Environmental management and climate change |
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Human rights and impact on society |
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Economic |
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Viscofan is committed to the Sustainable Development Goals of the 2030 Agenda through the United Nations Global Compact, of which it has been a signatory since 2015, and it publishes its annual progress report.
This commitment is formalised in the Viscofan’s Sustainability Action Plan, which identifies the Sustainable Development Goals in which the Group can make a greater contribution and have influence.
Commitment that involves improving our leadership in casings and going beyond our technological frontiers, improving our contribution to global food, leading the change in the casing industry to contribute to reducing climate change, a greater sustainable use and protection of water and marine resources, to the transition towards a circular economy and promoting decent work and economic growth.
The following are unwavering commitments to our sustainability:
Based on the cash flows generated in 2020. the value matrix generated and distributed by stakeholders is as follows:
Stakeholder | Concept | Million euro |
Customers | Casings, energy sales and other income | 905 |
Economic value generated | 905 |
Stakeholder | Concept | Million euro |
Suppliers | Raw Materials and services | -472 |
Suppliers | Capex | -55 |
Employees | Personnel expenses and others | -194 |
Society | Direct taxes | -65 |
Shareholders | Dividends payment | -109 |
Banks | Bank debt and interest | -9 |
Economic value distributed | -904 | |
Cash increase (+) or decrease (-) | 1 |
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