GRI 3 – Economic Performance Indicators
Aspect
Core
Complementary Description
Ibersol Performance
Economic
Performance
EC1
Direct economic value generated
and distributed, including revenues,
operating costs, employee
compensation, donations and other
community investments, retained
earnings, and payments to capital
providers and governments.
Consult 2015 Annual Report and
Accounts
EC2
Financial implications and other risks
and opportunities for the organization’s
activities due to climate changes.
Consult 2015 Annual Report and
Accounts
EC3
Coverage of the organization’s defined
benefit plan obligations.
Health and personal accident plans for
the Group’s senior staff.
EC4
Significant financial assistance received
from government.
In 2015, Ibersol received support for 36
professional internships. From these, 22
were co-participated by the Employment
and Professional Training Institute
(IEFP, Instituto de Emprego e Formação
Profissional), 9 were held under specific
internship programs of the Autonomous
Regions of Madeira and the Azores and 5
under the article 5 of the Decree-Law nr.
66/2011 of June 1st.
Market
Presence
EC5
Ratio of lowest wage and local
minimum wage in significant
operational units.
The ratio is equal to 1.
EC6
Policy, practices, and proportion of
spending on locally-based suppliers in
significant operational units.
Whenever a product or service can
be obtained through local suppliers,
according to the established product and
service conditions, Ibersol gives priority
to local suppliers. However, there is no
formal policy governing spending ratios
relative to local suppliers and others.
EC7
Procedures for hiring locally and
proportion of top management jobs
occupied by people coming from the
local community, in the important
operational units.
Country % Local Top Managers
Portugal
100%
Spain
50%
Angola 100%
Indirect
Economic
Impacts
EC8
Desenvolvimento e impacte de
investimentos em infraestruturas e
serviços que visam essencialmente
o benefício público, através de
envolvimento comercial, em géneros
ou pro bono.
Chapter 5 – Social Performance
EC9
Descrição e análise dos impactes
económicos indiretos mais
significativos, incluindo a sua extensão.
Chapter 2 – Organizational Profile and
2015 Annual Report and Accounts
