In addition, almost 8 out of 10 maintain internal mechanisms for regular monitoring, through dashboard systems. This is how they recognize it in the 8th edition of the Multisectoral study of the state of Corporate Responsibility of Large Companies in Spain, prepared by the Club of Excellence in Sustainability and financed by the Ministry of Labor and Social Economy. A survey-analysis whose purpose is to identify trends, challenges and best practices in terms of CR/sustainability of the large companies that operate in Spain, which they recognize in the same dump its efforts mainly on issues of governance, ethics, diversity and climate change.
Large companies, which claim to be focusing their CR/Sustainability efforts on the need to transform linear models of production and consumption into circular models and deal with the effects of the technological revolution, as well as the fight against change climate, they must identify these challenges and look for solutions that fit into their business model and are a solution to the problems, with the aim of causing the minimum impact, and also, providing added value to society.
On the other hand, new challenges have been identified that companies must face, such as the fight against plastic waste and single-use products.
The 8th edition of Study on the State of Corporate Responsibility of Large Companies in Spain, Presented on the occasion of the celebration of the I International Congress of Responsible and Sustainable Companies, held in Valencia, it demonstrates the consolidation of sustainability and corporate responsibility in the great Spanish company.
Seven major conclusions about CR/sustainability in large Spanish companies
- The strategic implementation of corporate responsibility and sustainability has been consolidated in large companies, in 100% of the leading companies and in 90% of all participants. In addition, 63% of the leading companies have integrated corporate responsibility and sustainability into their own business strategy. Sustainability is an opportunity for economic and social recovery, in line with the recovery plans for Europe, Next Generation EU, highlighting sustainability as one of the key endpoints.
- There is a corporate responsibility and sustainability management system in 88% of leading companies, and measurement systems with a Balanced Scorecard in 100% of leading companies. 72% of the participating companies have an organizational structure to monitor compliance with zero, corporate and sustainability responsibility commitments.
- They highlight governance and the application of ethical criteria and values, as one of the main areas in which companies put their efforts. In this sense, a large implementation of comprehensive ethics management systems is observed, both through ethical codes and anti-corruption and anti-fraud policies. At the same time, there is a significant difference in human rights management policies between the leading companies, which stands out with 88%, and the total number of participants with only 48%.
- Compared to previous editions, great progress has been made in cybersecurity policies and actions in all companies. The Covid pandemic has caused this inevitable push for digitization and telecommuting. Thanks to this, cybersecurity has become very important to avoid risks and protect company information.
- In the qualification and selection of suppliers, corporate responsibility and sustainability have been consolidated as one of the criteria to be taken into account in said process. Thus, 75% of the leading companies have incorporated termination clauses in the contract with suppliers in the event of non-compliance with the agreed ESG criteria and 88% of them carry out ESG audits of their supply chain.
- Work-life balance also plays an important role, which is focused on, with extensive development of corporate wellness programs (healthy company), which include actions related to stress management, ergonomics or healthy eating.
- Social action focuses more on programs aimed at vulnerable groups (people with disabilities, children and adolescents, and people at risk of exclusion), developing initiatives to contribute with its products, services and activities to improve the quality of life of these collective.
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