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Annual Report 2010 - Outokumpu

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177<br />

Risk management<br />

4.10<br />

Processes for evaluating the<br />

Board's performance<br />

Yes<br />

Board of Directors<br />

Commitments to External<br />

Initiatives<br />

7 4.11 Addressing precautionary approach Yes Impact on the environment<br />

Risk management<br />

1-10 4.12<br />

Voluntary charters and other<br />

initiatives<br />

Yes<br />

Associations and federations<br />

1-10 4.13 Memberships in associations Yes Associations and federations<br />

Stakeholder Engagement<br />

4.14 List of stakeholder groups Yes <strong>Outokumpu</strong> and society<br />

4.15<br />

Identification and selection of<br />

stakeholders<br />

Yes<br />

<strong>Outokumpu</strong> and society<br />

4.16<br />

Approaches to stakeholder<br />

engagement<br />

Yes<br />

<strong>Outokumpu</strong> and society<br />

4.17<br />

Key topics raised through<br />

stakeholder engagement<br />

Yes<br />

<strong>Outokumpu</strong> and society<br />

Economic Performance<br />

Indicators<br />

1, 4, 6, 7<br />

Management approach to<br />

economic responsibility<br />

Yes<br />

Strategic themes<br />

Economic Performance<br />

EC1*<br />

Direct economic value generated<br />

and distributed<br />

Yes<br />

<strong>Outokumpu</strong> and society<br />

Research and development<br />

7 EC2*<br />

Risks and opportunities due to<br />

climate change<br />

Yes<br />

Climate change risks<br />

EC3*<br />

Coverage of defined benefit plan<br />

obligations<br />

Yes<br />

Remuneration<br />

Group Executive<br />

Committee<br />

EC4*<br />

Significant subsidies received from<br />

government<br />

Yes<br />

Public sector, sponsoring and<br />

NGOs<br />

Market presence<br />

1 EC5<br />

Entry level wage compared to<br />

minimum wage<br />

No<br />

EC6* Spending on local suppliers Partly Supply Chain Management<br />

Raw material procurement<br />

described<br />

6 EC7* Local hiring No<br />

Indirect Economic Impacts<br />

EC8*<br />

Infrastructure investments provided<br />

for public benefit<br />

No<br />

<strong>Outokumpu</strong> <strong>Annual</strong> <strong>Report</strong> <strong>2010</strong> – <strong>Outokumpu</strong> – GRI & UN Global Compact

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