GRI Standard Indicators
GRI 101 Foundation 2019
DISCLOSURES GENERAL (GRI 102: CONTENIDOS GENERALES 2019)
| ORGANIZATION PROFILE | Page/Direct Reference | Scope |
|---|---|---|
| 102-1 Name of the organization | Note 1.1. of Ferrovial’s Consolidated Financial Statements 2019 | Ferrovial |
| 102-2 Activities, brands, products, and services | 20 | Ferrovial |
| 102-3 Location of headquarters | Note 1.1. of Ferrovial’s Consolidated Financial Statements 2019 | Ferrovial |
| 102-4 Location of operations | 11 y 20 | Ferrovial |
| 102-5 Ownership and legal form | Note 1.1. of Ferrovial’s Consolidated Financial Statements 2019 | Ferrovial |
| 102-6 Markets served | 11 y 20 | Ferrovial |
| 102-7 Scale of the organization | 10, 11, 58-59 | Ferrovial |
| 102-8 Information on employees and other workers | 58-59 y Anexo Tablas GRI | Ferrovial |
| 102-9 Supply Chain | 76-77 y Anexo Tablas GRI | Ferrovial |
| 102-10 Significant changes to the organization and its supply chain | Notes 1.1.2 and 1.1.3 of Ferrovial’s Consolidated Financial Statements 2019 | Ferrovial |
| 102-11 Precautionary Principle or approach | 84-85 | Ferrovial |
| 102-12 External Initiatives | 113 | Ferrovial |
| 102-13 Membership of associations | 113 | Ferrovial |
| STRATEGY | Page/Direct Reference | Scope |
|---|---|---|
| 102-14 Statement from senior decision-maker | 7, 21-22, 84-85 | Ferrovial |
| 102-15 Key impacts, risks, and opportunities | 7, 84-85 | Ferrovial |
| ETHICS AND INTEGRITY | Page/Direct Reference | Scope |
|---|---|---|
| 102-16 Values, principles, standards, and norms of behavior | 14, 68-69,78-79 | Ferrovial |
| 102-17 Mechanisms for advice and concerns about ethics | 68-69 | Ferrovial |
| GOVERNANCE | Page/Direct Reference | Scope |
|---|---|---|
| 102-18 Governance structure | 90-91 Section C of Ferrovial’s Annual Corporate Governance Report 2019 |
Ferrovial |
| 102-19 Delegating authority | 110 Section C of Ferrovial’s Annual Corporate Governance Report 2019 |
Ferrovial |
| 102-20 Executive-level responsibility for economic, environmental, and social topics | 110 Section C of Ferrovial’s Annual Corporate Governance Report 2019 |
Ferrovial |
| 102-21 Consulting stakeholders on economic, environmental, and social topics | 113 | Ferrovial |
| 102-22 Composition of the highest governance body and its committees | 90-91 Section C of Ferrovial’s Annual Corporate Governance Report 2019 |
Ferrovial |
| 102-23 Chair of the highest governance body | 90-91 Sections C.1.2 and C.1.3 of Ferrovial’s Annual Corporate Governance Report 2019 |
Ferrovial |
| 102-24 Nominating and selecting the highest governance body | 90-91 Section C.1.19 of Ferrovial’s Annual Corporate Governance Report 2019 |
Ferrovial |
| 102-25 Conflicts of interest | 68-69 Section D.6 of Ferrovial’s Annual Corporate Governance Report 2019 |
Ferrovial |
| 102-26 Role of highest governance body in setting purpose, values, and strategy. | 90-91 | Ferrovial |
| 102-27 Collective knowledge of highest governance body | The Board of Directors is informed annually regarding environmental management issues for the company, as well as regarding monitoring of the corporate responsibility strategic plan. Furthermore, the Board, directly or via its committees, remains abreast of a series of issues on which it is required to make decisions. These include approving policies on a wide range of issues. | Ferrovial |
| 102-28 Evaluating the highest governance body’s performance | Sections C.1.19 to C.1.21 of Ferrovial’s Annual Corporate Governance Report 2019 | Ferrovial |
| 102-29 Identifying and managing economic, environmental, and social impacts | 90-91 Section E of Ferrovial’s Annual Corporate Governance Report 2019 |
Ferrovial |
| 102-30 Effectiveness of risk management processes | 90-91 Section E of Ferrovial’s Annual Corporate Governance Report 2019 |
Ferrovial |
| 102-31 Review of economic, environmental, and social topics | 90-91 Section E of Ferrovial’s Annual Corporate Governance Report 2019 |
Ferrovial |
| 102-32 Highest governance body’s role in sustainability reporting | 110 | Ferrovial |
| 102-33 Communicating critical concerns | 69, 110 y 113 | Ferrovial |
| 102-34 Nature and total number of critical concerns | 69, 110 y 113 | Ferrovial |
| 102-35 Remuneration policies | 94-95 | Ferrovial |
| 102-36 Process for determining remuneration | 94-95 | Ferrovial |
| 102-37 Stakeholders’ involvement in remuneration | 94-95 | Ferrovial |
| 102-38 Annual total compensation ratio | Appendix to GRI Standards | Ferrovial |
| 102-39 Percentage increase in annual total compensation ratio | Appendix to GRI Standards | Ferrovial |
| STAKEHOLDERS ENGAGEMENT | Page/Direct Reference | Scope |
|---|---|---|
| 102-40 List of stakeholder groups | 113 | Ferrovial |
| 102-41 Collective bargaining agreements | 71, Appendix to GRI Standards and table of contents of non Financial Information Statements | Ferrovial |
| 102-42 Identifying and selecting stakeholders | 2, 113 | Ferrovial |
| 102-43 Approach to stakeholder engagement | 110 y 113 | Ferrovial |
| 102-44 Key topics and concerns raised | 110 y 113 | Ferrovial |
| REPORTING PRACTICE | Page | Scope |
|---|---|---|
| 102-45 Entities included in the consolidated financial statements | Appendix II of Ferrovial’s Consolidated Financial Statements 2019 | Ferrovial |
| 102-46 Defining report content and topic Boundaries | 2, 112 y 113 | Ferrovial |
| 102-47 List of material topics | 111 y 113 | Ferrovial |
| 102-48 Restatements of information | 112 | Ferrovial |
| 102-49 Changes in reporting | 112 | Ferrovial |
| 102-50 Reporting period | Fiscal year 2019 | Ferrovial |
| 102-51 Date of most recent report | Fiscal year 2018 | Ferrovial |
| 102-52 Reporting cycle | Annual | Ferrovial |
| 102-53 Contact point for questions regarding the report | Back cover | Ferrovial |
| 102-54 Claims of reporting in accordance with the GRI Standards | 2, 112, 124, 133-136 | Ferrovial |
| 102-55 GRI content index | 119-125 | Ferrovial |
| 102-56 External assurance | 135-138 | Ferrovial |
Thematic contents
| Materiality | Indicator | Page / Direct Reference | Scope | |
|---|---|---|---|---|
| Economic Performance | ||||
| GRI 103 Management approach | 103-1 Explanation of the material topic and its Boundary | 113 | Ferrovial | |
| 103-2 The management approach and its components | 10-12 y 111 | Ferrovial | ||
| 103-3 Evaluation of the management approach | 10-12 | Ferrovial | ||
| GRI 201 Economic Performance 2018 | 201-1 Direct economic value generated and distributed | Appendix to GRI Standards | Ferrovial | |
| 201-2 Financial implications and other risks and opportunities due to climate change | 72-74 and 87 Risks and opportunities are disclosed in the Carbon Disclosure Project report, which is publicly-available on the CDP website. Information for 2019 will be made available during 2020. |
Ferrovial | ||
| 201-3 Defined benefit plan obligations and other retirement plans | Note 6.6.4 of Ferrovial’s Consolidated Financial Statements 2019 Note 6.2 of Ferrovial’s Consolidated Financial Statements 2019 |
Ferrovial | ||
| 201-4 Financial assistance received from government | Note 6.1 of Ferrovial’s Consolidated Financial Statements 2019 Note 6.4 of Ferrovial’s Consolidated Financial Statements 2019 |
Ferrovial | ||
| Market Presence | ||||
| GRI 202: Market presence 2018 | 202-1 Ratios of standard entry level wage by gender compared to local minimum wage | The relationship betwen entry level wage and the local minimum wage in relevant countries by gender (Men/Women) is as follows: Spain 1.34/1.34 United Kingdom: 1.00/1.00 United States: 1.71/1.71 Poland: 1/1 Chile: 1.04/1.04 |
Ferrovial | |
| 202-2 Proportion of senior management hired from the local community | In 2019, the proportion of senior management hired from the local community was XXX%. | Ferrovial | ||
| Indirect economic impacts | ||||
| GRI 203: Indirect economic impacts 2018 | 203-1 Infrastructure investments and services supported | 78-79 | Ferrovial | |
| 203-2 Significant indirect economic impacts | 21, 22, 58-59,70-71, 72-74, 76-77 | Ferrovial | ||
| Procurrent Practices | ||||
| GRI 204: Procurrent practices 2018 | 204-1 Proportion of spending on local suppliers | Local suppliers in 2019 represented 92% of total number of suppliers.Suppliers which are not centralized and locally contracted are classified as local suppliers. | Ferrovial | |
| Anti-corruption | ||||
| GRI 205: Anti-corruption 2018 | 205-1 Operations assessed for risks related to corruption | 68-69 | Ferrovial | |
| 205-2 Communication and training about anti-corruption policies and procedures | 68-69 | Spain | ||
| 205-3 Confirmed incidents of corruption and actions taken | 68-69 | Ferrovial | ||
| Anti-competitive | ||||
| GRI 206: Anti-competitive 2018 | 206-1 Legal actions for anti-competitive behavior, antitrust, and monopoly practices | In 2019, two cases and litigations related to monopoly practices were open. Note 6.3 of Ferrovial’s Consolidated Financial Statements 2019 Note 6.5 of Ferrovial’s Consolidated Financial Statements 2019 |
Ferrovial | |
Environmental materials
| Materiality | Indicator | Page / Direct Reference | Scope | |
|---|---|---|---|---|
| Management aproach | ||||
| GRI 103 Management approach |
103-1 Explanation of the material topic and its Boundary | 113 | Ferrovial | |
| 103-2 The management approach and its components | 72-74 y 111 | Ferrovial | ||
| 103-3 Evaluation of the management approach | 72-74 | Ferrovial | ||
| Materials | ||||
| GRI 301: Materials 2017 | 301-1 Materials used by weight or volume | Appendix to GRI Standards. It is given information about the most representative used material for each division. The most significant material could change every year according to each project, so the data could not be comparable. | Ferrovial | |
| 301-2 Recycled input materials used | Appendix to GRI Standards. | Ferrovial | ||
| 301-3 Reclaimed products and their packaging materials | The activity of the company does not include the production of goods destined for sale with packaging | Ferrovial | ||
| Energy | ||||
| GRI 302: Energy 2018 | 302-1 Energy consumption within the organization | Appendix to GRI Standards. | Ferrovial | |
| 302-2 Energy consumption outside of the organization | Energy use from consumption of fuels, electricity and losses due to electricity transport stood at 1,292,997 GJ | Ferrovial | ||
| 302-3 Energy intensity | Energy intensity is 560 GJ/net revenues | Ferrovial | ||
| 302-4 Reduction of energy consumption | Energy consumption reduced 11.02%% compared to 2019 | Ferrovial | ||
| 302-5 Reductions in energy requirements of products and services | 32, 72-74 | Ferrovial | ||
| Water | ||||
| GRI 303: Water 2018 | 303-1 Water withdrawal by source | Reported data in 2019 include estimations based on the best available information at the date of closing this report. Main consumptions are estimated based on the average water prices by country. Appendix to GRI Standards. | Ferrovial | |
| 303-2 Water sources significantly affected by withdrawal of water | Water withdrawal requires an authorization whereby the volume of water withdrawn is restricted. It must always be below the maximum limits established by the competent authority. This is why it is considered that, in accordance with these authorizations, the water withdrawn by Ferrovial does not affect the hydric resource significantly | Ferrovial | ||
| 303-3 Water recycled and reused | The consumption of recycled and reused water stood at a 139,970 m3. Data include the best estimation available at the date of closing this report | Ferrovial | ||
| Biodiversity | ||||
| GRI 304: Biodiversity 2018 | 304-1 Operational sites owned, leased, managed in, or adjacent to, protected areas and areas of high biodiversity value outside protected areas | During 2019, Ferrovial has been working on 17 projects which were under an Environmental Impact Statement or equivalent figure, depending on each country’s legal framework | Ferrovial | |
| 304-2 Significant impacts of activities, products, and services on biodiversity | Most signinficant impacts on biodiversity has been assessed through th Environmental Impact Statements or equivalent figures, depending on each country’s legal framework. Furthermore, they are taken compensative actions arising from these statements when applicable | Ferrovial | ||
| 304-3 Habitats protected or restored | Ferrovial performs the ecological restoration of the habitats affected by the construction and operation of its infrastructures in accordance with the provisions of current regulations in each country, adding improvements over the minimun requirements when it is possible, and ecological restoration criteria which could ensure better results on a long-term basis | Ferrovial | ||
| 304-4 IUCN Red List species and national conservation list species with habitats in areas affected by operations | Appendix to GRI Standards. | Ferrovial | ||
| Emisions | ||||
| GRI 305: Emisions 2018 | 305-1 Direct (Scope 1) GHG emissions | 73. Appendix to GRI Standards. | Ferrovial | |
| 305-2 Energy indirect (Scope 2) GHG emissions | 73. Appendix to GRI Standards. | Ferrovial | ||
| 305-3 Other indirect (Scope 3) GHG emissions | 73. Appendix to GRI Standards. Scope 3 emissions are limited to the described scope on the table 305-3 on the GRI Standards Indicators. |
See Appendix to GRI Indicators | ||
| 305-4 GHG emissions intensity | GHG emissions intensity reached 66 tCO2/INCN (M€) | Ferrovial | ||
| 305-5 Reduction of GHG emissions | 72-73. Appendix to GRI Standards. | Ferrovial | ||
| 305-6 Emissions of ozone-depleting substances (ODS) | This data is considered not relevant | Ferrovial | ||
| 305-7 Nitrogen oxides (NOX), sulfur oxides (SOX), and other significant air emissions | Appendix to GRI Standards. | Ferrovial | ||
| Effluents and Waste | ||||
| GRI 306: Effluents y waste 2019 | 306-1 Water discharge by quality and destination | The total wastewater discharged stood at 1,115,959 m3. Water discharge information was calculated based on standard indicators of water discharge of certain activities published by various sources. Therefore, this information does not represent real meassurements of water discharge |
Ferrovial | |
| 306-2 Waste by type and disposal method | Appendix to GRI Standards. 2019 data include estimations according to the best available information at the time of preparing this report | Ferrovial | ||
| 306-3 Significant spills | During 2019 no significant spills have been recorded | Ferrovial | ||
| 306-4 Transport of hazardous waste | During 2019 the amount of transboundary waste transported was 47.32 t. | Ferrovial Servicios España | ||
| 306-5 Water bodies affected by water discharges and/or runoff | In the projects developed by Ferrovial in 2019, 19 had high quality water courses in their vicinity, of which 2 were started in 2019 | Ferrovial Agroman | ||
| Environmental Compliance | ||||
| GRI 307: Environmental Compliance 2019 | 307-1 Non -compliance with environmental laws and regulations | The amount of fines paid in the year due to breach of environmental legislation in 2019 stood at 25,200€ corresponding to one breach imposed in 2019 and 90,751€ coming from two breaches from past years | FS España Oficinas Centrales (Ferrovial Servicios, S.A.) y Ferrovial Agroman Portugal | |
| Supplier Environmental Assessment | ||||
| GRI 308: Supplier Environmental Assessment 2018 | 308-1 New suppliers that were screened using environmental criteria | Chapter Supply Chain, page 76 | Ferrovial | |
| 308-2 Negative environmental impacts in the supply chain and actions taken | (See pag. 76-77) In Construction, the negative environmental impacts had by the supply chain are evaluated, identifying potential risks and substandard work. The measures adopted range from expulsion from the project and/or rejection of the supplier, to warnings that improvements are required in less serious cases. In the Services division, face-to-face audits are carried out on a sample of suppliers | Ferrovial | ||
Aspectos Sociales Materiales
| Materiality | Indicator | Page / Direct Reference | Scope | |
|---|---|---|---|---|
| SOCIAL MATERIAL ASPECTS |
||||
| Management approach | ||||
| GRI 103: Management Approach |
103-1 Explanation of the material topic and its Boundary | 116-117 | Ferrovial | |
| 103-2 The management approach and its components | 64-67 | Ferrovial | ||
| 103-3 Evaluation of the management approach | 64-67 | Ferrovial | ||
| Employment |
||||
| GRI 401: Employment 2018 | 401-1 New employee hires and employee turnover | Appendix to GRI Standards | Ferrovial | |
| 401-2 Benefits provided to full-time employees that are not provided to temporary or part-time employees | Social benefits for each country and bussiness are offered equally to full-time employees and part-time employees. In some cases, employees need to have held their posts for at least one year to be eligible for certain social benefits | Ferrovial | ||
| 401-3 Parental leave | Ferrovial does not consider this a risk, as the countries where it operates have protectionist legislation in place for such matters. Such information is therefore not subject to specific managerial procedures | Ferrovial | ||
| Labor Relations |
||||
| GRI 402: Labor Relations 2018 | 402-1 Minimum notice periods regarding operational changes | Ferrovial complies with the advance notice periods established in labor legislations or those enshrined, if applicable, in the collective agreements pertinent to each business, with no corporate advance notice periods having been established | Ferrovial | |
| Occupational Health and Safety | ||||
| GRI 403 Occupational Health and Safety 2018 | 403-1 Workers representation in formal joint management– worker health and safety committees | Appendix to GRI Standards | Ferrovial | |
| 403-2 Types of injury and rates of injury, occupational diseases, lost days, and absenteeism, and number of work-related fatalities. | Appendix to GRI Standards Information concerning contractors is only included in the calculation of the overall variation frequency index |
Ferrovial | ||
| 403-3 Workers with high incidence or high risk of diseases related to their occupation | Risk of developing occupational diseases is detected through risk assessments conducted by the Safety and Health Department and controlled through the health surveillance, where relevant relevant protocol according to the risk exposure of the workers are defined and applied | Ferrovial | ||
| 403-4 Health and safety topics covered in formal agreements with trade unions | The agreements in this matter covered with the trade-union organizations are developed through sector agreements that specifically regulate matters such areas as training and information, collective protection, work teams, etc. | Ferrovial | ||
| Training and education | ||||
| GRI 404 Training and education 2018 | 404-1 Average hours of training per year per employee | Appendix to GRI Standards | Ferrovial | |
| 404-2 Programs for upgrading employee skills and transition assistance programs | All training and development programs are aimed at improving the employability of the candidate. In the case of early retirement or restructuring plans (e.g. redundancy packages), specific training plans may be negotiated as part of other outplacement plans | Ferrovial | ||
| 404-3 Percentage of employees receiving regular performance and career development reviews | The percentage of employees receiving regular assessments of Ferrovial’s performance and professional development is 33.12% | Ferrovial | ||
| Diversity and Equality of Opportunities | ||||
| GRI 405: Diversity and equality of opportunities 2018 |
405-1 Diversity of governance bodies and employees | Appendix to GRI Standards Section C of Annual Corporate Governance Report 2019 |
Ferrovial | |
| 405-2 Ratio of basic salary and remuneration of women to men | Appendix to GRI Standards | Ferrovial | ||
| No discrimination | ||||
| GRI 406: No discrimination 2018 |
406-1 Incidents of discrimination and corrective actions taken | 69. Information about complaints received through the Corporative Whistleblowing Channel in Spain is given | Ferrovial | |
| Freedom of association | ||||
| GRI 407 Freedom of association 2018 | 407-1 Operations and suppliers in which the right to freedom of association and collective bargaining may be at risk | 76 | Ferrovial | |
| Child Labor | ||||
| GRI 408 Chid Labor 2018 | 408-1 Operations and suppliers at significant risk for incidents of child labor | 76 | Ferrovial | |
| Forced or compulsory labor | ||||
| GRI 409 Forced or compulsory labor 2018 | 409-1 Operations and suppliers at significant risk for incidents of forced or compulsory labor | 76 | Ferrovial | |
| Forced or compulsory labor | ||||
| GRI 410 Security practices 2018 | 410-1 Percentage of security personnel trained in the organization’s human rights policies or procedures that are relevant to operations | Security guards are hired through a company that certifies that security personnel have received human rights training | Ferrovial headquarters | |
| Rights of indigenous people | ||||
| GRI 411: Rights of indigenous people 2018 |
411-1 Incidents of violations involving rights of indigenous peoples | During 2019 there hasn’t been detected incidents of violations involving rights of indigenous people. Identified controversies are described on page 69 | Ferrovial | |
| Human Rights Assessment | ||||
| GRI 412 Human Rights Assessment 2018 | 412-1 Operations that have been subject to human rights reviews or impact assessments | 70-71 During 2019, Ferrovial has not done specific reviews to evaluate the impact on Human Rights’ matters additional to those on health and safety and compliance |
Ferrovial | |
| 412-2 Employee training on human rights policies or procedures |
69 | Ferrovial | ||
| 412-3 Significant investment agreements and contracts that include human rights clauses or that underwent human rights screening | 68-69, 70-71 y 76-77 | Ferrovial | ||
| Local Communities | ||||
| GRI 413:Local Communities 2018 |
413-1 Operations with local community engagement, impact assessments, and development programs |
78-79 | Ferrovial | |
| 413-2 Operations with significant actual and potential negative impacts on local communities | During 2019, there has not been detected situations in which Ferrovial activities had caused a negative impact on local communities. | Ferrovial | ||
| Supplier Social Assessment | ||||
| GRI 414: Supplier Social Assessment 2018 |
414-1 New suppliers that were screened using social criteria | 76 | Ferrovial | |
| 414-2 Negative social impacts in the supply chain and actions taken | 76 | Ferrovial | ||
| Public Policy | ||||
| GRI 415: Public Policy 2018 | 415-1 Political contributions | 68-69 y 113 | Ferrovial | |
| Customer Health and Safety | ||||
| GRI 416: Customer Health and Safety 2018 | 416-1 Assessment of the health and safety impacts of product and service categories | 66-67 | Ferrovial | |
| 416-2 Incidents of non-compliance concerning the health and safety impacts of products and services | In 2019, 109 cases and litigation related to the safety of workers, subcontractors and users were open. Note 6.3 of Ferrovial’s Consolidated Financial Statements 2019 Note 6.5 of Ferrovial’s Consolidated Financial Statements 2019 |
Ferrovial | ||
| Marketing and labeling | ||||
| GRI 417: Marketing and labeling 2018 | 417-1 Requirements for product and service information and labeling | 66-67 | Ferrovial | |
| 417-2 Incidents of non-compliance concerning product and service information and labeling | There has not been identified non-compliance incidents on this subject | Ferrovial | ||
| 417-3 Incidents of non-compliance concerning marketing communications | There has not been identified non-compliance incidents on this subject | Ferrovial | ||
| Customer Privacy | ||||
| GRI 418 Customer Privacy 2018 | 418-1 Substantiated complaints concerning breaches of customer privacy and losses of customer data | There has not been identified relevant non-compliance incidents on this subject | Ferrovial | |
| Socioeconomic Compliance | ||||
| GRI 419: Socioeconomic Compliance 2018 | 419-1 Non-compliance with laws and regulations in the social and economic area | In 2019, 109 files and disputes relating to the safety of workers, subcontractors and users were closed with a penalty.
Note 6.3 of Ferrovial’s Consolidated Financial Statements 2019 |
Ferrovial | |
AA1000 APS2008 Standard
The standard is based on three fundamental principles:
- Inclusiveness: This principle analyzes whether the company has identified and understood the relevant aspects of its sustainable performance and presents sufficient information in terms of quality and quantity. For more information, please refer to the “Material Issues” section in this chapter.
- Materiality: The information must be the information required by the stakeholders. In other words, it ensures disclosure of all those material aspects whose omission or distortion could influence its stakeholders’ decisions or actions. For more information, please refer to the GRI Standards Indicators Table.
- Responsiveness: This report includes the information relating to Ferrovial’s response to stakeholder expectations.
GRI Standards Guidelines
The GRI Guidelines principles applied are:
- Establishing report contents:
- Materiality: Aspects that reflect the significant social, environmental and economic impacts had by the organization or those that could have a substantial influence on stakeholder decisions.
- Stakeholder engagement: Identifying stakeholders and describing in the report how their expectations and interests have been addressed.
- Sustainability context: Presenting the company’s performance within the broader context of sustainability.
- Completeness: Coverage should enable stakeholders to assess the performance of the reporting organization.
- Establishing the quality of the report:
- Balance: The report must reflect both the positive and the negative aspects of the company’s performance.
- Comparability: Stakeholders should be able to compare the information over time and with other companies.
- Accuracy: The published information must be accurate and detailed.
- Clarity: The information must be presented in a way that is clear and accessible to everyone.
- Reliability: The information must be of high quality and it should establish the company’s materiality.
