University of Vaasa - Vaasan yliopisto

Appendix. GRI-based reporting practice among 18 Finnish listed companies
Company Reporting practice
Ahlstrom
(Materials)
Elcoteq
(Information
Technology)
Ahlstrom has issued a GRI-based report since 2003. The report
is an integral part of its annual report. Ahlstrom has established
some Group-wide key environmental and safety performance
indicators that reflect targets within those areas that have the
most significant sustainability impact. No numerical targets for
these issues are defined other than the lost time injuries
frequency. The focus is external communications, but the
report includes several data items which are also relevant for
performance management purposes. The report is not
externally assured.
Elcoteq has published GRI-based reports in 2003, 2005 and
2006. The purpose of the report is; “to describe to Elcoteq’s
stakeholders the principles applied by the company, as well as
what it has achieved so far in the various areas of corporate
responsibility in 2006. Corporate responsibility is integrated in
the company’s strategy, management structures and corporate
governance, and the principles, guidelines and systems that are
derived from them. Corporate responsibility has been
incorporated into the scorecard that is used as a strategic
management tool. Elcoteq’s global management system is
designed to ensure that the company attains its strategic goals
and that the same operating principles of corporate
responsibility are applied in all the company’s units in
different countries. (Elcoteq Corporate Responsibility Report
2006, p. 10)
In 2006, all of Elcoteq’s operating locations adopted a new
corporate responsibility reporting system based on the GRI
standard. These data are also utilized for performance
management purposes. However, the report is not assured by a
third-party.
Fortum (Utilities)
Fortum has published a GRI-based sustainability report since
1999. From 1999 to 2004 the report was assured by an external
independent third party. Since 2005 sustainability has been
integrated into Fortum’s Annual Report. The Annual Report
contains a summary of Fortum’s sustainable development
operating principles and the key achievements of the reporting
year. Its website provides more detailed information about
environmental and safety performance and their related targets.
Fortum has established Group-wide targets for safety
performance. A corporate wide database system is used to
facilitate the systematic recording and handling of occupational
accidents and other safety-related incidents and improvement
proposals. The safety performance is measured and publicly
368