Solidium’s corporate responsibility reporting aims to describe the importance and realisation of responsible ownership and corporate responsibility in our operations, our accomplishments during the past financial year, and the goals for the upcoming financial year. Solidium’s corporate responsibility report is intended for the use of all Solidium’s stakeholders.
We have included corporate responsibility and responsible ownership reporting in our Annual Reports since the 2009–2010 financial year. We have applied the GRI (Global Reporting Initiative) model nine times in our reporting, including the Annual Report for the 2019–2020 financial year.
In 2011–2014, we applied the GRI (3.0) Guidelines (Level C) in our reporting. In the financial year 2014–2015, Solidium transitioned to the Global Reporting Initiative GRI (4.0) framework in responsibility reporting, and these guidelines have been applied in reporting in the financial years 2015–2018.
In the 2018–2019 financial year, Solidium implemented the GRI Standards in the reporting. This Annual Report has been prepared in accordance with the guidelines at Core level. In addition to the GRI topics, the report also highlights responsibility perspectives essential to Solidium and, in particular, its role as an owner. Our Annual Report is also based on the guidelines provided in the Government resolution on ownership policy issued on 13 May 2016.
In order to define the content of the current GRI Standards-compliant report and to determine, prioritise and validate the relevant aspects, we have identified the material corporate responsibility matters in our operations and within our sphere of influence. This work is based on the reports related to the preparation of Solidium’s long-term corporate responsibility programme as well as the continuous corporate responsibility monitoring based on the owner’s duty to stay informed. Solidium has assessed the importance of corporate responsibility aspects in its operations in accordance with the materiality process defined in the GRI 101 Foundation standard. The company has assessed and prioritised the identified topics internally, taking into consideration the corporate responsibility concerns identified through stakeholder engagement.
As a result of the materiality analysis, we have defined the following eight aspects as material:
- Economic responsibility: economic performance, market presence, and indirect economic impacts.
- Social responsibility: employment, occupational health and safety, training and education, diversity and equal opportunity.
- Solidium’s own responsibility areas in its operations: the portfolio companies
Solidium’s corporate responsibility reporting focuses on describing the impacts of Solidium Oy’s own operations. Solidium Oy’s financial statements and corporate responsibility report have the same boundary. The reporting period is the financial year, and this Annual Report covers information for the period of 1 July 2019–30 June 2020. The key figures and indicators of Solidium’s corporate responsibility report concern Solidium’s own operations. All of Solidium’s holdings are minority holdings, and the report does not include the companies’ consolidated figures.
This index in line with GRI 102 General Disclosures is part of Solidium’s 2020 Annual Report.