GRI INDEX
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 2016 Annual Report and Accounts
EC2
Financial implications and other risks
and opportunities for the organization’s
activities due to climate changes.
Consult 2016 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 2016, Ibersol received support for 26
professional internships. From these, 13
were co-participated by the Employment
and Professional Training Institute
(IEFP, Instituto de Emprego e Formação
Profissional), and 13 were held under
specific internship programs of the
Autonomous Region of Madeira.
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
67%
Angola
0%
Indirect
Economic
Impacts
EC8
Development and impact of
infrastructure investments and services
provided primarily for public benefit
through commercial, in-kind, or pro
bono engagement.
Chapter 5 – Social Performance
EC9
Description and analysis of most
important indirect economic impacts,
including their extent.
Chapter 2 – Organizational Profile and
2016 Annual Report and Accounts
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