SANOMA GRI INDEX 2017

GRI UNIVERSAL STANDARDS

Standard

GRI 101

GRI 102

Disclosure Foundation General Disclosures Organization

  • 102-1 Name of the organization

  • 102-2 Activities, brands, products, and services

    Performance 2017

    Sanoma Corporation

    Sanoma is a front running media and learning company impacting the lives of millions every day. We provide

    Links

    https://sanoma.com/about-

    consumers with engaging content, offer unique marketing solutions to business partners and enable teachers tous/our-businesses/ excel at developing the talents of every child.

    Sanoma Media BeNe includes the Dutch consumer media operations and the press distribution business

    https://mediabene.sanoma.

    Aldipress. We have a leading cross media portfolio with strong brands and market positions in magazines, news,com/ events, custom media, e-commerce, websites and apps. Through combining content and customer data, we develop successful marketing solutions for our clients. In total, Sanoma Media BeNe reaches over 12 million consumers every month.

    Sanoma Media Finland is the leading media company in Finland. We provide information, experiences, inspiration and entertainment through multiple media platforms: newspapers, TV, radio, events, magazines, online and mobile channels. We have leading brands and services, like Aku Ankka, Me Naiset, Helsingin Sanomat, Oikotie, Ilta-Sanomat, Nelonen, Radio Suomipop and Ruutu. Sanoma's brands reach almost all Finns every day. For advertisers, we are a trusted partner with insight, impact and reach.

    https://sanoma.fi/en/

    Notifications

    Sanoma Learning is one of Europe's leading learning companies, serving some 10 million pupils and one million teachers. Through our multi-channel learning solutions we help to engage pupils in achieving good learning outcomes, and support the effective work of the professional teachers in primary, secondary and vocational education. Through our local companies, we contribute to some of the world's best-performing education systems including Poland, the Netherlands, Finland, Belgium and Sweden.

    https://learning.sanoma.com/

  • 102-3 Location of headquarters

  • 102-4 Locations of operations

  • 102-5 Ownership and legal form

  • 102-6 Markets served

  • 102-7 Scale of the organization

  • 102-8 Information on employees and other workes

  • 102-9 Supply chainTöölönlahdenkatu 2, Helsinki, Finland

Finland, the Netherlands, Poland, Belgium and Sweden

Parent company Sanoma Corporation is public company registered in Finland. Sanoma Corporation is listed at Nasdaq Helsinki. Ownership information is updated monthly at Sanoma's website.

Sanoma is a front running media and learning company operating in Finland, the Netherlands, Poland, Belgium and Sweden,

In 2017, Sanoma's net sales totalled EUR 1.4 billion and it employed more than 4,400 professionals. Reported in the Statement of Non-financial Information 2017

To provide products and services to its customers, Sanoma co-operates with a vast number of material and

https://sanoma.com/investors/share/major-shareholders/https://sanoma.com/wp-content/uploads/2018/02/Statement-of-Non-Financial-Information-2017.pdfhttps://sanoma.com/wp-

service suppliers. Five largest categories of purchases are transportation and distribution services, raw materialscontent/uploads/2018/02/Fand supplies, royalties, printing and paper and they make up approx. 80% of all material and service purchases.

In 2017, costs of materials and services totalled EUR 453 million (2016: EUR 467 million).

inancial-Statements-2017.pdf

Pages 7-9

Note 9, p. 41

  • 102-10 Significant changes to the organization and its supply chain

  • 102-11 Precautionary principles or approach

  • 102-12 External initiatives

  • 102-13 Memberships in associations Strategy

  • 102-14 Statement from senior decision-maker

  • 102-15 Key impacts, risks, and opportunities

    Ethics and integrity

  • 102-16 Values, principles, standards, and norms of behavior

    Governance

  • 102-18 Governance structureReported on Sanoma's websiteThe precautionary principles and approach are taken into account in accordance with statutory requirements.

EPC, ACT, EMMA, FEP, EGTA, ENPA, INP/EPF, EK, Finnmedia

Reported in the Financial Statements, Directors' Report and Statement of Non-Financial Information for 2017

Reported in the Financial Statements and Directors' Report, Corporate Governance Statement, and Non-Financial Statement for 2017.

We think and work according to our values:

We always look ahead. We are eager to know what is around the corner. We share, and urge others to share views, opinions and experiences. We engage, involve, and activate people with things that matter to them. We make it happen and aim to create an impact every day.

Sanoma Code of Conduct together with the Corporate Governance Framework is the umbrella for all policies, and outlines how Sanoma conducts its business in an ethical and responsible manner.

Sanoma Supplier Code of Conduct sets out the ethical standards and responsible business principles suppliers are required to comply with in their dealings with Sanoma.

Reported in the Corporate Governance Statement 2017

Reported in the Statement of Non-financial Information 2017

https://sanoma.com/investors/financials/divestments-and-acquisitions/

https://sanoma.com/wp-

Annual reviews of the Chairman ofcontent/uploads/2018/02/F the Board of Directors and the

inancial-Statements-2017.pdfhttps://sanoma.com/wp-content/uploads/2018/02/Financial-Statements-2017.pdfhttps://sanoma.com/wp-content/uploads/2018/02/C orporate-Governance-Statement-2017.pdfhttps://sanoma.com/wp-content/uploads/2018/02/Statement-of-Non-Financial-Information-2017.pdf

https://sanoma.com/about-us/

https://sanoma.com/wp-content/uploads/2017/11/code_of_conduct_2017-04-25.pdfhttps://sanoma.com/wp-content/uploads/2017/11/Sanoma-Supplier-Code-of-Conduct.pdfhttps://sanoma.com/wp-content/uploads/2018/02/C orporate-Governance-Statement-2017.pdfhttps://sanoma.com/wp-content/uploads/2018/02/Statement-of-Non-Financial-Information-2017.pdf

President and CEO (pages 3-4)

Page 17

Pages 8-10

Pages 4-5

Pages 2-8

Page 4

Stakeholder engagement

  • 102-40 List of stakeholder groups

  • 102-41 Collective bargaining agreements

  • 102-42 Identifying and selecting stakeholders

  • 102-43 Approach to stakeholder engagement

  • 102-44 Key topics and concerns raised

    Reporting practice

  • 102-45 Entities included in the consolidated financial statement

  • 102-46 Defining report content and topic boundaries

  • 102-47 List of material topics

  • 102-48 Restatement of information

  • 102-49 Changes in reporting

  • 102-50 Reporting period

  • 102-51 Date of most recent report

  • 102-52 Reporting cycle

  • 102-53 Contact point for questions regarding the report

Sanoma's main stakeholders are consumers, customers, investors and bankers as well as employees. 2017: approx. 65% (2016: 67)

Our main stakeholders are consumers, customers, the investment community and employees. Consumers include readers, listeners, viewers and pupils.

Customers include business partners (advertisers), teachers, educational establishments and governmental stakeholders.

The investment community includes our current and potential shareholders as well as credit investors and analysts.

Active and open engagement with stakeholders is important to Sanoma. Stakeholder relationships are conducted with confidentiality, integrity and fairness. Engagement with financial stakeholders complies with Sanoma's Disclosure Policy and listed company rules and regulations.

We have defined our key corporate social responsibility themes by conducting a materiality assessment, where through a series of discussions, surveys and/or workshops with different stakeholders, we have identified relevant sustainability issues for Sanoma.

Key topics and concerns raised by our stakeholders include environmental management, supply chain management, promoting democracy, impact of data privacy, learning and content impact, ethical journalism as well as talent and diversity management.

Reported in the Financial Statements 2017

Reported in the Statement of Non-financial Information 2017

Reported in the Statement of Non-financial Information 2017

Sanoma announced on 16 January 2018 an intention to divest its Belgian women's magazine portfolio. The divested business was consequently classified as Discontinued operations in the Financial Statements 2017. Unless otherwise stated, the information presented in this Statement for 2017, including corresponding

https://sanoma.com/wp-content/uploads/2018/02/Financial-Statements-2017.pdfhttps://sanoma.com/wp-content/uploads/2018/02/Statement-of-Non-Financial-Information-2017.pdfhttps://sanoma.com/wp-content/uploads/2018/02/Statement-of-Non-Financial-Information-2017.pdfhttps://sanoma.com/wp-content/uploads/2018/02/Statement-of-Non-Financial-

information for 2016, covers both Continuing and Discontinued operations, and thus the scope of this StatementInformation-2017.pdf differs from the scope of Financial Statements 2017.

In 2016 CSR Report, GHG emissions for indirect energy (Scope 2 emissions) were by mistake reported under direct GHG emissions (Scope 1).

No significant changes

1 January 2017 - 31 December 2017 15 March 2017

Annualcr@sanoma.com, ir@sanoma.com

Reporting according to the GRI Standards.

Page 23

Page 2

Page 2

Page 2

  • 102-54 Claims of reporting in accordance with the GRI This report has been prepared in accordance with the GRI Standards Core option. Standards

  • 102-55 GRI content index

  • 102-56 External assurance

Self-assessment has been made, no external assurance.

https://sanoma.com/corporate-responsibility/

GRI 103

Management Approach

  • 103-1 Explanation of the material topics and their boundaries

  • 103-2 Management approach and its components

  • 103-3 Evaluation of the management approachReported in the Statement of Non-financial Information 2017

Reported in the Statement of Non-financial Information 2017

Reported in the Statement of Non-financial Information 2017

https://sanoma.com/wp-content/uploads/2018/02/Statement-of-Non-Financial-Information-2017.pdfhttps://sanoma.com/wp-content/uploads/2018/02/Statement-of-Non-Financial-Information-2017.pdfhttps://sanoma.com/wp-content/uploads/2018/02/Statement-of-Non-Financial-Information-2017.pdf

Page 2

Page 4

Pages 4, 6 and 9

GRI 200

Economic performance

  • 201-1 Direct economic value generated and distributed

  • 201-3 Defined benefit plan obligations and other retirement plans

    Reported in the Financial Statements 2017

    Reported in the Statement of Non-financial Information 2017

    Reported in the Financial Statements 2017

  • 201-4 Financial assistance received from government Non-material financial assistance received for training in Finland (Sanoma Academy).

https://sanoma.com/wp-content/uploads/2018/02/Financial-Statements-2017.pdfhttps://sanoma.com/wp-content/uploads/2018/02/Statement-of-Non-Financial-Information-2017.pdfhttps://sanoma.com/wp-content/uploads/2018/02/Financial-Statements-2017.pdf

Page 18

Page 10

Note 8, page 37

GRI 300

Environmental performance

  • 301-1 Materials used by weight or volume

    2017

    2016

    2015

    Newsprint paper

    41,300

    42,000

    50,200

    Magazine paper and books

    71,500

    68,200

    90,900

    Paper use total (tons)

    112,800

    110,200

    141,100

    Includes paper used in Sanoma's own printing facilities and paper acquired for externally printed products.

  • 302-1 Energy consumption within the organization

    2017

    2016

    2015

    Electricity consumption (MWh)

    30,718

    32,067

    44,230

  • 305-2 Energy indirect (Scope 2) GHG emissios

2017

2016

2015

GHG emissions (Scope 2) (tCO2/e)

8,479

8,404

10,980

An average emission multiple of EU 28 countries has been used to calculate the Group's emissions.

GRI 400

Social performance

  • 404-3 Percentage of employees receiving regular performance ad career development reviews

    98 %

  • 405-1 Diversity of governance bodies and employees Gender distribution of all employees in 2017 Women 60%

Men 40%

Gender distribution of the Board of Directors in 2017

Women 33%

Men 67%

Gender distribution of the Executive Management Team in 2017

Women 40%

Men 60%

https://sanoma.com/wp-content/uploads/2018/02/Statement-of-Non-Financial-Information-2017.pdfhttps://sanoma.com/wp-content/uploads/2018/02/Statement-of-Non-Financial-Information-2017.pdfhttps://sanoma.com/wp-content/uploads/2018/02/C orporate-Governance-Statement-2017.pdf

Page 9

Page 8, employeesPages 3-4, governance bodies

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Sanoma Oyj published this content on 14 May 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 14 May 2018 09:12:02 UTC