About this report
Our reporting covers the key areas of economic, social and environmental responsibility and corresponds to the GRI Standards: Core option. We also describe our progress in addressing the UN Global Compact principles, as well as the UN Sustainable Development Goals.
Outotec reports its performance on economic, environmental and social sustainability annually in accordance with the Global Reporting Initiative (GRI). The GRI report for the calendar year 2017 is prepared in accordance with GRI Standards: Core option. The General Disclosures as specified in the GRI Standards are presented in a wider scope than required by the Core option. Topic-specific Standards are reported with respect to the material topics for Outotec. Some information relating to developments from January to March 2018 has also been included in the report. A comparison of the contents of the report and the GRI Standards is given in the GRI and Global Compact index.
The report is available in English and published online only. Outotec has reported its sustainability performance annually since 2010. The previous report for 2016 was published in March 2017.
Global Compact and UN Sustainable Development Goals reporting
This report describes how Outotec has progressed on the ten principles of the UN Global Compact initiative regarding human rights, labor rights, environment principles and anti-corruption principles, and the UN Sustainable Development Goals. The GRI index also shows the indicators used by Outotec to evaluate the progress in these areas.
Applying reporting principles (GRI 102-46)
Outotec’s business is based on the company mission, ‘sustainable use of Earth’s natural resources’, which drives us to work towards overcoming the world’s environmental challenges and provides the wider context for our sustainability work. We have also defined our approach to global and local social and economic objectives and committed ourselves to the relevant UN Sustainable Development Goals.
We have taken the feedback from our key stakeholders, employees, customers, suppliers, investors and academic community, into account when defining the material topics and report content and tried to meet their expectations. The core team of the Sustainability Working Group reviewed the GRI Standards guidelines, mapped the indicators with G4 guidelines, and decided to move over to reporting in accordance with the GRI Standards: Core option. This change made it also necessary to review the material topics and their boundaries. A full materiality assessment, however, was not carried out in 2017.
Material topics and their boundaries (GRI 102-46)
The material topics identified as most relevant to Outotec and our stakeholders by a materiality assessment conducted in 2014 continue to form the basis for our sustainability management and reporting. In 2017, the Sustainability Working Group reviewed the list of material aspects and aspect boundaries reported in 2016 in accordance with the GRI G4 guidelines, and revised it to comply with the GRI Standards. The topic boundaries were reviewed and some adjustments made. In this report, we focus on the five most material topics for Outotec and present them in the order of significance.
Report coverage (GRi 102-45)
We report on our global operations including Outotec’s premises and employees in full, and partly include information on our contractors working under our supervision on project sites, our products and services, the use of Outotec’s technologies by customers, and our supply chain. The legal companies in which Outotec has 100% ownership and are listed in the Financial Statements 2017 on page 63 are covered by this report.
Except for some adjustments in the topic boundaries in 2017, there have been no major changes in the reporting scope. The information compiled for the report is collected from our local offices, and some local environmental impacts are described in addition to global data.
We continuously aim to improve our internal processes as well as the completeness of data disclosure through developing our data collection systems and more accurate explanation of omissions when the data is not available. We also aim to describe both positive and negative aspects of our performance.
In the online report, we have increased the use of graphics to show trends in our performance and increase clarity. We have also included the data from all the previous reports in the tables and graphs to improve comparability.
As part of the materiality assessment, we identified our customers, employees, suppliers, investors and financiers, the media, NGOs and local communities as the main users of this report. In a review of key stakeholders conducted during 2016, the academic community was added as a key stakeholder group.
Restatements (GRI 102-48)
Our policy for restatements in case of significant changes in our company structure, or changes in the general validity of the data, is that the data is recalculated for previous years, if the changes have led to discrepancies of more than 10%.
In 2017, Outotec purchased a new database for industrial data, according to which the baseline for some of our environmental targets had changed. For this reason, we recalculated some environmental indicators for 2015, because there were significant changes in the general validity of the data. Another restatement was made in the calculation of supply chain emissions for years 2016 and 2015 due to discontinuation of the supply chain emission factors used previously and change of methodology in 2017. The categories of the supply spend were changed to match with the categories of supply chain emissions.
This report has been verified by an independent third-party assurance provider selected by the Sustainability Working Group. The scope, conclusions, observations and recommendations are presented in the assurance report. A member of Outotec’s Executive Board has commissioned the assurance, and the Executive Board has approved the report.