Globaltrans reports economic, social and environmental activities deemed to be material and provides comparable data for most relevant indicators. The overall aim is to achieve high standards in the areas of balance, comparability, accuracy, timeliness, clarity and reliability. Our report is prepared in accordance with the Sustainability Reporting Guidelines of the Global Reporting Initiative (the GRI) in the Core disclosure version and the requirements of the EU’s 2014/95/EU Directive regarding disclosure of non-financial and diversity information.
Details covered within this Sustainability section are the key results, activities and performance of the parent company Globaltrans Investment PLC and its subsidiaries in the field of sustainable development for the year ended 31 December 2018. This information can also be found in our 2018 Annual Report. All information disclosed in this section reflects activities of the Group companies included in the list for financial reporting purposes in accordance with International Financial Reporting Standards (IFRS) as adopted by the European Union and the requirements of Cyprus Companies Law, Cap. 113 (EU IFRS) unless otherwise specified.
Procedures of identifying material sustainability topics:
Step 1. Identification of material topics
Material topics were identified through the analysis of internal regulations and media coverage, and review of non-financial reports issued by peer companies.
Step 2. Prioritization of material topics
In order to develop a broader and more fulfilled stakeholder engagement process, the Group gathered both external and internal feedback (employees, shareholders, investors, clients) on the materiality of sustainability issues for the Group.
Step 3. Preparation of materiality matrix
A materiality matrix was developed to highlight the most significant topics for the Group’s system of sustainability reporting. A validity check was also conducted on identified material topics to ensure that all of them are disclosed in the Annual Report.