This 2017 Integrated Report contains data and measures pertaining to KGHM Polska Miedź S.A., KGHM INTERNATIONAL LTD., Sierra Gorda S.C.M. and KGHM Chile.
The report has been prepared in accordance with the baseline (core) level of version GRI G4 of the Global Reporting Initiative (GRI) guidelines. The reporting process in the KGHM Group is carried out on an annual basis. In 2017, there were no significant changes in the structure, ownership or value chain.
This document has not been subject to external review. In accordance with the reporting duties of KGHM Polska Miedź S.A. and the good market practices of mining companies, corporate governance is presented for the parent company only.
In accordance with the guidelines of the International Integrated Reporting Council (IIRC) and the Global Reporting Initiative (GRI G4), the work on drafting the Report was divided into three stages:
Stage 1. Identification of business and sustainable development issues relevant for the company.
Stage 2. Prioritization of identified issues in terms of their importance.
Stage 3. Validation workshop attended by management members
During the first two stages, documents, publications and press releases concerning the KGHM Group companies and the mining industry were analyzed, including competitors’ reports. A chart of stakeholders was created and the expected thematic scope of the report was determined. Interviews were also conducted with management and senior management of the Group.
Number of key issues.
The measures taken led to the identification of the key issues for the KGHM Polska Miedź S.A. Group, which include:
- the company’s strategy and business model, taking into account value creation and building trust among stakeholders,
- treating the employees’ safety as a priority
- stable financial results and production performance in 2017,
- creating value – human capital, intellectual capital, social capital and environmental capital,
- creating a corporate culture with a particular focus on high management standards.
In addition, in the Report, we emphasized actions making it possible to improve cost efficiency, the highest occupational health and safety and environmental protection standards, as well as our involvement in innovation in the broad sense, concerning both our employees and the technological solutions applied. We verified the issue of significant changes that occurred in the reported period with respect to the size, structure, form of ownership or value chain, we included entities covered by the consolidated financial statements and we identified significant aspects of the KGHM Group’s social impact.
The final identification of issues relevant to the KGHM Group was performed during the workshop attended by management members when the final scope of reporting in areas that are important from the point of view of the business objectives and Sustainable Development of the KGHM Polska Miedź Group were determined.