At Applus+ we aim to grow our business by becoming a leading authority in our core activities, drawing on our talent for innovation and highly skilled workforce in our drive to be market leaders and expand our activities globally. We intend to achieve this growth in a sustainable manner. This means ensuring economic performance and business resilience at the same time as environmental protection, social development and business ethics.
We are on a journey to integrate sustainability at the heart of our business development. Through this process, we aim to add medium- and long-term value for both the Group and our stakeholders.
Our ESG vision is to act in a responsible manner and to support the effective integration of sustainable business practices across all of our operations, as well as those of our value chain.
We intend to do this by putting in place initiatives and working practices that ensure adequate working conditions for our employees, ethical business practices, a commitment to Independence, transparency and the delivery of sustainable services, while at the same time ensuring that those services result in sustainable outcomes for our customers.
This integration of sustainability in our business practices is a response the concerns and expectations arising from our relationships and open dialogue with our stakeholders.
Applus+ has formalised its commitment to sustainability through the creation of a global ESG policy that has been defined and approved by the Board of Directors and is being implemented across all Applus+ divisions in all geographical regions. This policy aims to integrate ESG into our day-to-day operations and to ensure the efficient management, monitoring and communication of our commitments and achievements in the different areas that fall under the umbrella of Environmental Social and Governance.
This policy has been crafted in accordance with our core principles of integrity, impartiality, independence and responsibility, and serves as the basis for our global ESG strategy. For further information, see the ESG Policy.
The Applus+ ESG policy establishes five strategic pillars:
The CSR report outlines our approach to sustainability as well as providing a comprehensive account of the work undertaken by the Applus+ Group to integrate sustainability into its services, operations and daily agenda, showing how our business is intimately linked to sustainability. It also serves to demonstrate the Group’s economic, social and environmental performance throughout the year and its main achievements in terms of ESG.
The elaboration of this report follows the GRI Standards and is in accordance with its ”core option”. The use of this standard ensures that the information contained in this document is reliable, complete and balanced, providing a clear overview of our company’s ESG priorities and the work that has been undertaken to achieve these.
The CSR report is published on an annual basis and is verified by an independent third party. For further information, see the full Applus+ Integrated Report 2020.
Corporate Social Responsibility comprises a variety of issues related to the workforce, the market, the environment, society and corporate governance. We define the materiality of these topics based on their importance concerning the economic, environmental or social impact of our organisation; or because the topics directly influence the decisions of our stakeholders.
To identify the material topics, we reviewed the validity of the previous year’s 30 topics by benchmarking against our competitors and companies from different sectors in which Applus+ operates, hose within Oil, gas, automotive, aerospace and power sectors, as well as sustainability indices such as Dow Jones (DJSI) or FTSE4GOOD.
Following this assessment, the inclusion of any additional topic was considered, and the anti-bribery and integrity topic was integrated into the code of ethics and compliance topic. As a result, we produced a definitive list of 29 topics.
We established the materiality and relative priority of each topic via two paths:
By cross-referencing the importance for Applus+ with the stakeholders’ importance, we determined the materiality matrix, and we obtained our material topics list prioritized with: 13 material aspects, ten aspects with a medium importance and six of them with low importance.
For further information, see the full Applus+ Integrated Report 2020.