University of Vaasa - Vaasan yliopisto

Sampo (Finance)
StoraEnso
(Materials)
UPM (Materials)
Wärtsilä
(Industrial)
The report is not assured by a third-party.
Sampo started to report in line with GRI guidelines in 2002.
The report is focused on the qualitative description of corporate
responsibility activities and is aimed at external stakeholders. It
includes only a few sustainability performance indicators, but
the recommendations of the GRI Finance Sector Supplement
have been taken into account. The report is not assured by a
third-party.
Stora Enso has issued a GRI-based report since 2002. The
company has established a set of Group-wide sustainability
performance targets. It also contains detailed sustainability
performance data and clear evidence that these data are also
utilized in business performance management. Targets are
expressed as normalized for production. The company has
integrated sustainability into its corporate strategies. The report
is externally assured by a third-party.
UPM has published a GRI-based report since 2003. Groupwide
sustainability targets are mainly expressed in qualitative
terms. However, the report contains detailed sustainability data
on major aspects as defined by the GRI guidelines. The focus
of the report still seems to be more on external communication
than performance management. The report is not externally
assured.
Wärtsilä issued a GRI-based report in 2000 and was one of the
first companies in Finland to implement the GRI guidelines
into external reporting. The company also issued a separate
sustainability report in 2002 and a report has been integrated
into the annual report since 2004. The reported indicators are
selected based on their significance at group-level. Wärtsilä’s
reports in 2004 and 2005 were categorised as “in accordance”
reports meaning that all the elements recommended by the GRI
guidelines were included. The report includes a lot of data and
statements regarding product performance and some Groupwide
targets have been established. However, there seems to be
only limited evidence that sustainability data would be utilized
for performance management purposes. The focus is on
external reporting, even though the report is very
comprehensive and contains detailed information about product
level performance and developments. The report is also assured
by a third-party.
372