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