2012 Annual Report - Italcementi Group

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SDD011 ISO 14001 Reporting Instruction SDD012 Raw Materials Reporting Instruction SDD013 Fuels Reporting Instruction SDD016 Quarry rehabilitation Instruction N4 Group Innovation Safety management handbook SDD017 Industrial Hygiene – Workplace Assessment Human resources database Human resources database Percentage of sites certified ISO 14001 Total RMs and ARMs consumption for cement production Total fuels and AFs consumption for clinker production Percentage of quarries with a rehabilitation plan and included or nearby protected zones for nature preservation Percentage of turnover from innovative products LTI Frequency Rate Percentage of employees potentially exposed to dust, silica, noise and vibration covered by the workplace assessment Total of employees (gender, age and geographical distribution) Hiring and dismissals The ISO 14001 certified facilities are cement plants, grinding centers, aggregates quarries and plants, ready-mix concrete plants which have developed and implemented Environmental Management Systems complying with the requirements set in the standard ISO 14001:2004, certified by qualified bodies and with valid certificates. The instruction defines natural and alternative raw materials (ARMs). The Group Technical Center draws the data from the Group database; figures are endorsed by the subsidiaries before being forwarded to SDD. Dry tonnes of RMs and ARMs are reported according to “CSI Guidelines for the selection and use of fuels and raw materials in the cement manufacturing process”. The instruction defines conventional and alternative fuels (AFs). The Group Technical Center draws the data from the Group database; figures are endorsed by the subsidiaries before being forwarded to SDD. Thermal input from conventional fuels and AFs reported according to “CSI Guidelines for the selection and use of fuels and raw materials in the cement manufacturing process”. The procedure sets that employees potentially exposed to dust, silica, noise and vibration have to be evaluated versus international standards recommended in the procedure. When defining the number of potentially exposed employees only, default values may be are used to correct incomplete reporting from countries. Monitoring activity is always supported by evidence. The innovation rate is the ratio between the operational turnover realized with the sales of innovative products and the total operational turnover. Innovation Projects are identified as New Products (cements and binders, ready mix concretes, admixtures, mortars and others); New Applications (new construction solutions even with existing products); New Services pertaining to the area of sustainable development, distribution and packaging; New Manufacturing Processes represented by specific manufacturing processes made available to the market after an internal development of specific know-how and patents. Innovation projects are classified according to three categories: Established (Product-Application-Service-Manufacturing process already present both in the reference market of the Subsidiary and in the Subsidiary offer); Incremental (Product-Application-Service-Manufacturing process present in the reference market of the Subsidiary but not in the Subsidiary offer); Radical (Product- Application-Service-Manufacturing process new to the reference market of the Subsidiary and to the Subsidiary offer). According to the novelty condition, the innovation period can vary from a minimum of 3 years to a maximum of 9 years. The innovation rate includes admixtures with no limit of duration because of the permanent adaptation of the product. It also includes the cement in case of common sales of admixtures and cement to third parties. Existing products which have been repositioned because of their contribution to sustainable development are included in the innovation rate as well. A Group database, automatically updated at site level, calculates lost time injuries (days) in a year per million hours worked, according to WBCSD/CSI definitions. The procedure sets that employees potentially exposed to dust, silica, noise and vibration have to be evaluated versus international standards recommended in the procedure. When defining the number of potentially exposed employees only, default values may be are used to correct incomplete reporting from countries. Monitoring activity is always supported by evidence. Human resources database based on SAP system and collecting gender, age and geographical information about employees. Human resources database based on SAP system and collecting entries and leaves, categorized by type, within the Group perimeter or reassignments between different subsidiaries. 348
Training management system Hours of training and specific programs Training activities are grouped in 4 main training areas: Compliance and Risk Mitigation; Efficiency; Sustainable Development and Innovation; and Human Capital Development. Training hours are the sum of hours spent in training (without distinction according to the methodology: classroom, on-field, e-learning, etc) per each training area, per gender and per personnel classification (Manager, White collar, Blue collar). These figures are collected from all countries twice a year (July and January) through an on-line system. Glossary AFs ARMs AFRs BWI CEMs CSI GRI KPIs ILO ISO 14001 KPIs LTI SDD SDSC WBCSD Alternative Fuels Alternative Raw materials Alternative Fuels and Raw Materials Building and Wood Workers’ International Continuous Emissions Monitoring system Cement Sustainability Initiative Global Reporting Initiative Key Performance Indicators International Labour Organisation The International Standards Organisation model for management and external certification of environmental performance Key Performance Indicators Lost Time Injuries Sustainable Development Department Sustainable Development Steering Committee World Business Council for Sustainable Development 349 www.italcementigroup.com
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2012 Annual Report
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Contents PRESENTATION Letter to the
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Letter to the stakeholders Consolid
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Italcementi Group in the world (as
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Highlights Contribution to consolid
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Share prices and market capitalizat
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E) Share prices and market capitali
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Italcementi S.p.A. Directors, Offic
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Lorenzo Renato Guerini (Director si
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Alberto Clô (Director since May 4,
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Yves René Nanot (Director since Ju
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Board of Statutory Auditors Maria M
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Notice of Call Those who are entitl
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Appointment of the Board of Directo
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Annual Report Consolidated Annual R
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2012 Annual Report Presentation 4 G
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Financial statements Statement of f
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Statement of comprehensive income N
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Statement of cash flows Notes 2012
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21. Deferred tax assets and Deferre
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Amendments to IAS 12 “Income taxe
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1.3. Basis of consolidation The con
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Changes in equity interests in subs
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Operating lease payments are recogn
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1.15. Cash and cash equivalents Cas
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1.18. Share-based payments The Grou
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1.24. Government grants Government
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4. Operating segment disclosure The
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The table below sets out segment re
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The table below sets out other segm
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The useful life adopted by the Grou
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Assumptions used for the computatio
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7. Intangible assets in thousands o
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10. Other non-current assets This c
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15. Reserves Translation reserve Th
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Net liabilities determined on the b
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The table below sets out key data f
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appeal and by the regional court of
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22.1 Financial liabilities Financia
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Bond loans f) The Italcementi Group
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The bond was assigned a Ba2 Moody
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At December 31, 2012 lines of credi
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22.3.1 Fair value of derivatives Th
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22.4 Interest-rate risk management
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The Group companies operate chiefly
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From 2008 to 2012, the Group transa
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26. Services Services amounted to 1
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29. Non-recurring income (expense)
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The income statement and the statem
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Diluted earnings per share Diluted
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36. Joint ventures The Group’s mo
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Net debt (in thousands of euro) amo
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Annex 1 The following table shows i
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Company Registered office Share cap
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Company Registered office Share cap
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Separated financial statements 241
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Page 299 and 300: 2012 Annual Report Presentation 4 G
Page 305 and 306: Annexes 303 www.italcementigroup.co
Page 308 and 309: ITALCEMENTI S.P.A. REPORT OF THE BO
Page 310 and 311: We ascertained that the Remuneratio
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Page 316 and 317: Sustainability disclosure Italcemen
Page 318 and 319: In 2010, the Group reinforced its a
Page 320 and 321: 2 Looking forward 2.1 Targets 2015
Page 322 and 323: 3 Social responsibility 3.1 Valuing
Page 324 and 325: 2012 2011 2010 2012 2011 2010 Italy
Page 326 and 327: Trainees (%) 2012 2011 2010 Manager
Page 328 and 329: 3.3 Health and product responsibili
Page 330 and 331: The Social Initiatives Policy reinf
Page 332 and 333: In 2012, Energy Efficiency Certific
Page 334 and 335: Power consumption, concrete 2012 20
Page 336 and 337: 4.3 Air emissions At the end of 201
Page 338 and 339: Water consumption, cement 2012 2011
Page 340 and 341: Quarry management, cement (*) Matur
Page 342 and 343: 5.2 Quality The Group is committed
Page 344 and 345: 5.4 Sustainable construction Italce
Page 346 and 347: 6 Reporting and additional informat
Page 349: 6.4 Boundaries and reporting method
Page 353 and 354: Extraordinary session 351 www.italc
Page 357 and 358: Summary of resolutions The Annual G
Page 359 and 360: at an extraordinary session: to ren
Page 362: April 2013 Project by LSVmultimedia
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2012 Annual Report - Italcementi Group

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