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Materiality analysis

Sponda defined the responsibility priorities most material to its operations for the first time in 2011, at which time seven responsibility priorities stemming from the company’s strategy were identified. In 2014, Sponda updated its materiality analysis in accordance with the GRI G4 reporting guidelines. Based on the results of the analysis, the responsibility priorities and their most material aspects were updated.

As a result of the analysis, Sponda’s existing responsibility priorities of energy efficiency and material efficiency were combined into a priority named energy and environmental efficiency. In addition, the priority transparent and ethical operations replaced the previous priority of transparency in operations.

The material corporate responsibility aspects that correspond with Sponda’s responsibility priorities are depicted in the table below and in the GRI index.

Sponda’s responsibility priorities 2014: Transparent and ethical operations form the basis

Energy and environmental efficiency

Property location

Enhancing the customer experience

Investing in employees

Taking the industry forward

  • Energy efficiency of properties
  • Greenhouse gas emissions and renewable energy
  • Increasing environmental awareness among customers and employees
  • Sorting and recovery of property waste
  • Environmental certification of properties
  • Water consumption at properties
  • Taking environmental aspects into account in making decisions on property investments
  • Focusing on properties located in cities, accessible by public transportation
  • Concentrating on prime areas
  • Investments in property assets
  • Working environments and property services that support the customer’s operations
  • Comfort of indoor environment
  • Customer safety and health
  • Supporting the customer’s responsibility goals
  • Improving professional expertise of employees
  • Wellbeing of employees
  • Safety of personnel
  • Equal and non-discriminatory treatment of employees
  • Active participation in development work in real estate and construction industry organisations
  • Sharing expertise and professional competencies
  • Own research and development work

Transparent and ethical operations

 

Economic value generated for stakeholders

Transparent communications and reporting

Business principles

Purchasing management and responsible purchasing

Good governance and risk management

Stages of the materiality analysis

  1. Identifying the material aspects of Sponda’s corporate responsibility in the value chain.
  2. Prioritising the material aspects in co-operation with significant stakeholders.
  3. Impacts of the material aspects on Sponda’s operations.

Sponda’s materiality analysis began with an industry and background analysis on the most significant aspects of responsibility in the property sector and in companies used as benchmarks. The background analyses provided a comprehensive understanding of key issues and trends relevant to business operations in the property sector.

In summer 2014, Sponda conducted an online survey to assess the views of its key stakeholders—customers, investors, business partners and employees—regarding the importance of various aspects of responsibility, their impression of Sponda’s performance, the overall score they would give Sponda for responsibility in relation to its competitors, and the quality of Sponda’s responsibility communications.

The survey responses were used to identify and analyse the material responsibility aspects in Sponda’s value chain. The external stakeholders indicated that the most important themes related to responsibility are the professional competence of Sponda’s personnel, the energy efficiency of properties, customer health and safety, the comfort of indoor environments, providing a working environment that supports the customer’s operations, and ethical business principles.

A joint workshop between Sponda employees and management continued the work of prioritising the material aspects and assessed their effects on Sponda’s operations. The prioritisation also took Sponda’s strategy into account. In the workshop, the most material responsibility themes with regard to Sponda’s operations were identified as property locations, working environments that support the customer’s operations, professional competence of Sponda's employees, transparent communications, and the energy efficiency of properties. The updated responsibility priorities are based on Sponda’s strategy, industry analysis, stakeholder survey and the identification of business impacts.

Sponda’s Executive Board approved the updated responsibility priorities based on the materiality analysis process, and their material aspects.