6. CORPORATE GOVERNANCE, 6.1. Policies and accountability, 6.1.1. Sustainability management, Bez kategorii
[GRI 2-12] [GRI 2-13] [GRI 2-14] [GRI 2-16] [GRI 2-17] [GRI 2-18] [GRI 2-29]
At Budimex SA, comprehensive oversight of the performance of ESG activities, and thus in the sphere of social, environmental and corporate governance responsibility, is exercised by the ESG, Quality and Environmental Protection Department [1]. Within it, there is an organizational cell of ESG Manager, whose scope of responsibility includes:
- agree and adjust the ESG strategy to market standards,
- effective communication with internal stakeholders to agree the ESG strategy,
- coordinate reporting of ESG ratios,
- cooperate with IT projects to support reporting ESG ratios,
- monitor progress of achievement of objectives following from the ESG strategy,
- draw up non-financial statements and integrated reports.
In addition, coordination and supervision of activities in each ESG area are assigned to the following business units:
- area E (responsibility to the environment) – ESG, Quality and Environmental Protection Department [2],
- area S (social responsibility) – Human Resources Management Division,
- area G (responsible corporate governance) – Legal and Organizational Division.
The Management Board assesses activities for implementing the company’s ESG/sustainability strategy and its members support the achievement of the objectives defined therein which are part of the areas of their business responsibility by assigning financial and human resources and cooperating to develop solutions. The assessment is made at the Management Board’s meetings based on information on the progress in the implementation of the objectives provided by the ESG Manager. In accordance with the assumptions of the strategy, reporting of the issues to the Supervisory Board will start in 2024. Based in a review of the level of the ratios defined in the document, the Supervisory Board shall assess the effectiveness of each business unit’s supervision of the management of the organization’s impact on sustainability issues.
The Supervisory Board and the Management Board of Budimex SA exercise strategic and quality supervision of the sustainability processes operating in the Budimex Group and monitor their effectiveness. Furthermore, it is the Management Board and the Supervisory Board that make the final decisions within the Group’s mechanisms of reporting and reviewing irregularities.
The Management Board is regularly informed about the findings of conducted processes in the area of sustainability, including key risks (also concerning ESG) and cases of incompliance with laws and internal regulations. In 2023, no critical infringements were reported to the Management Board.
The Management Board is involved in and recommends improvements to the organization’s processes and activities in the ESG sphere after having been provided with relevant information. In addition, the Management Board makes key decisions which have an impact on strategic directions of development of the Budimex Group, taking into account sustainability principles. Duties of the Management Board also include approving strategic plans in the area as well as approving integrated reports which incorporate comprehensive information on ESG.
In 2023, what was discussed and approved by the Management Board were assumptions of the ESG Strategy for 2023-2026, which were consulted with the Supervisory Board. On 30 June 2023, the Management Board approved the strategy, described in detail in section 3.3.
In 2023, the Management Board members of Budimex SA were involved in a dialog with internal stakeholders on key issues connected with sustainability and with elected representatives of external stakeholders, in particular within the organization and at industry meetings.
The Management Board members regularly extend their knowledge and skills in the sphere of sustainability/ESG. Information on their competences and experience can be found at: https://www.budimex.pl/pl/o-budimex/wladze.
The process of sustainability management of the Budimex Group will be supported by findings of the analysis of ESG risks and opportunities conducted in 2023 and described in detail in section 6.2.
[1] Until February 2024 under the name of „Procurement, Quality and Environmental Protection Department”.
[2] Until February 2024 under the name of „Procurement, Quality and Environmental Protection Department”.
