Every year Cementir undertakes an analysis of all the sustainability themes that can be considered relevant for the company and its stakeholders.

The definition of material topics

In 2024 the Group adopted the Corporate Sustainability Reporting Directive (CSRD), which introduces the principle of Double Materiality Assessment (DMA), based on two dimensions:

  • Impact materiality, referring to the significant effects the company has on the environment and society;
  • Financial materiality, referring to the impacts of environmental, social, and governance (ESG) topics on the company’s economic and financial performance.

Results of the Double Materiality Assessment

During 2024, Cementir carried out an assessment process of Impacts, Risks, and Opportunities (IRO), leading to the definition of the Group’s material topics. These topics were classified into three equally distributed different categories: environmental, social, and governance.

The information disclosed in the Sustainability Statement was prepared based on the European Sustainability Reporting Standards (ESRS), issued by the European Financial Reporting Advisory Group (EFRAG),  to serve the public interest.

The Sustainability Statement consolidates the information on the entire Cementir Group, covering the main value chain, including the Impacts, Risks, and Opportunities (IROs) identified across its upstream, downstream, and own operations.

European Sustainability Reporting Standards

European Sustainability Reporting Standards

TRANSCRIPT - EUROPEAN SUSTAINABILITY REPORTING STANDARDS

 

Environmental (E)

  • E1 - Climate Change: Climate change adaptation, Climate change mitigation, Energy.

  • E2 - Pollution: Pollution of air, Pollution of water, Pollution of soil, Pollution of living organisms and food resources, Substances of concern, Substances of very high concern, Microplastics.

  • E3 - Water and marine resources: Water, Marine resources.

  • E4 - Biodiversity and ecosystems: Direct impact drivers of biodiversity loss, Impacts on the state of species, Impacts on the extent and condition of ecosystems, Impacts and dependencies on ecosystem services.

  • E5 - Circular economy: Resources inflows, including resource use, Resource outflows related to products and services, Waste.

Social (S)

  • S1 - Own workforce: Working conditions, Equal treatment and opportunities for all, Other work-related rights.

  • S2 - Workers in the value chain: Working conditions, Equal treatment and opportunities for all, Other work-related rights.

  • S3 - Affected communities: Communities' economic, social and cultural rights, Communities' civil and political rights, Rights of indigenous peoples.

     

     

  • S4 - Consumers and End-users: Information-related impacts for consumers and/or end-users, Personal safety of consumers and/or end-users, Social inclusion of consumers and/or end-users.

     

     

Governance (G)

  • G1 - Business conduct: Corporate culture, Protection of whistleblowers, Animal welfare, Political engagement and lobbying activities, Management of relationships with suppliers including payment practices, Corruption and bribery.

The Company’ strategy is supported by the ERM, through the analysis of climate risks that mostly impact the company's type of business. The strategy is constantly updated based on the risks monitored through ERM and the scenario analysis.

Who our Stakeholders are

We change methods and frequency of involvement of our stakeholders depending on the type of subject, topic of interest and local features. In consideration of the nature of “Holding” of the Parent Company, some of these stakeholders interface directly with the central structures, while others are strictly interested in local activities and the relationship with them is therefore delegated to local management. We work to build a strong and long-lasting relationship with all of them, as we are aware that cooperation is an important and powerful value that enables the Group to better achieve its results, long-term sustainability and improve its positive impact on people and society.

The main Group stakeholders and the corresponding topic of interest are listed below.

Stakeholders and topic of interest

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