Corporate Responsibility Commitments
Sonae Sierra has set itself objectives in order to achieve the commitments set out in the CR policy. The company is committed to:
Economic Commitments
Making a positive contribution to economic prosperity by seeking to:
- Deliver outstanding financial returns through the implementation of a long-term business strategy, setting realistic yet challenging objectives. Conduct business in an honest and reliable manner, operating to the highest standards of propriety and transparency.
- Identify, prioritize and attentively manage significant risks to the business and comply with strict standards of corporate governance.
- Improve local economic conditions in and around investment properties by creating new employment opportunities and providing high quality accommodation to local retailers and shopkeepers.
- Actively contribute to the economic capacity growth of key stakeholders in line with the business.
Social Commitments
Ensuring that core business activities improve the quality of life of those people that they affect, by striving to:
- Anticipate and prevent all safety and health risks affecting the sustainable growth of Sonae Sierra, with the final goal of achieving zero accidents.
- Respect and value all employees, invest in their professional and personal development, and ensure that they feel empowered to contribute to business decisions.
- Deliver a high quality service and experience to both tenants and visitors, and proactively engage with them on environmental and safety concerns.
- Be sensitive to, and invest in, local communities (including visitors) where it operates.
- Foster loyalty amongst frequently used suppliers, and seek to help and encourage them to adopt more responsible business practices themselves.
- Listen, and respond to, the needs and concerns of all stakeholders and communicate openly about the Company’s CR performance.
Environmental Commitments
Safeguarding the environment for both current and future generations by committing to:
- Progressively use ecological efficiency as a reference point for management and competitiveness.
- Conceive, implement and operate undertakings in an environmentally responsible way.
- Continuously improve the environmental performance of its undertakings, products, processes and activities.
- Assure conformity with environmental legislation and other environmentally applicable regulations, adopting responsible standards in cases in which legislation is incomplete or non-existent.
- Conceive, implement and operate undertakings in an environmentally responsible way, and continuously improve the environmental performance of its undertakings, products, processes and activities. In this regard, the following impact areas will be prioritised for improvement:
- Climate change mitigation (including energy efficiency) and adaptation
- Water efficiency and quality
- Waste production and management
- Efficient land use and in line with the protection of biodiversity.
Approved by the Executive Committee in January 2005
Reviewed in January 2007
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