The 2016 Sustainability report of SIVECO Romania was issued according to the Standards of Global Reporting Initiative (GRI) | SIVECO Romania

The 2016 Sustainability report of SIVECO Romania was issued according to the Standards of Global Reporting Initiative (GRI)

Friday, November 3, 2017

By granting, for the second time in a row, the Materiality Disclosures Service organizational mark, GRI has totally validated, formally and officially, the compliance of SIVECO Romania Sustainability Report with its recommendations regarding the process of stakeholders’ consultation and by default with the GRI Standards

As the first Romanian private company having published a Sustainability Report 8 years ago, SIVECO Romania continues this tradition by releasing the Sustainability Report (2016) – Innovative solutions for a sustainable community.

When developing the report, the company has used for the first time the GRI Standards, identifying the aspects relevant to SIVECO, through a process of stakeholders consultation (interested parties).

This is the only report in the IT sector in Romania elaborated in conformity to GRI Standards, the first standards worldwide for reporting the economic, social and environment impacts, respectively.

By validating this Endeavour, GRI has granted for the second time in a row, the Materiality Disclosures Service organizational mark (Materiality mark), recognizing entirely, formally and officially, the compliance of SIVECO’s Sustainability Report with its recommendations regarding the process of stakeholders’ consultation and, by default, with GRI Standards.

The report communicates to employees, partners, customers and to all interested parties (stakeholders) the performance level that SIVECO Romania has reached in 2016, the manner in which it contributes to the country’s economic development, the major projects it is implementing to the benefit of the community, as well as the measures undertaken by the company for reducing the carbon print.

We are much honored to be part of GRI GOLD Community, to undertake the role of sector leader in the sustainability reporting in Romania and to continue the tradition of sharing with all our stakeholders the value we are creating. The annual publishing of the Sustainability Report represents for us the most transparent means of communication. Within it, we include all achievements and challenges of the previous year, as well as the measures that we have implemented in order to strengthen and to ensure a long term development, by minimizing the negative impact and maximizing the positive impact produced by SIVECO in the community”, states Florin Ilia, President and CEO SIVECO Romania.

For an efficient management of sustainability within the company, SIVECO has set a series of specific objectives, meeting both its own development priorities, and those national and global priorities in the field of sustainable development, in compliance with its expertise and competences.

For each specific objective, the company has identified projects and measures able to align the strategy in line with the expectations of interested parties, to evaluate the capacity to reach the set objectives and to identify the business opportunities from the entire process.

Also, the report includes 23 material topics in congruence with the specific objectives, identified following a process of consulting the interested parties, which has established the degree of importance of each topic. Within the Sustainability Report is presented, for each material topic, the manner in which these are managed by SIVECO, the measures implemented for minimizing the negative impact and maximizing the positive impact produced.

We have appreciated the fact that SIVECO has decided to prepare the first Sustainability Report in conformity to the GRI Standards in partnership with INNOVA Project Consulting. It has been a challenge for both companies, which we are happy we have concluded successfully, and today we can promote a Sustainability Report, which is the first in the IT sector in Romania and one of the few at international level using these new global standards”, says Mihaela Croitoru, Managing Partner INNOVA Project Consulting.

Sustainability Report for year 2016 can be read here.