GRI Content Index
Disclosure Developments 2021
During 2021, we have carried out an extensive gap analysis for our GRI reporting, in order to make it clearer, more transparent and to assure a higher quality. This resulted in an improved scope and accuracy of our GRI reporting to better reflect our business.
Foundation
| GRI standard | Disclosure reference or comment | |
|---|---|---|
| GRI 101: Foundation 2016 | ||
| 101-1 This report has been prepared in accordance with the GRI Standards: Core Option. | GRI Content Index, Sustainability Reporting |
General disclosures
| 102-15 Key impacts, risks and opportunities | How we create value, Sustainability, Sustainability Strategy, Risk Management, Sustainability Reporting |
|---|---|
| 102-16 Values, principles, standards, and norms of behaviour | Our business, How we create value, People, Sustainability, Customers, Risk Management, Sustainability Management, Hoistfinance.com |
| 102-17 Mechanisms for advice and concerns about ethics | |
| 102-18 Governance structure | |
| 102-19 Delegating authority | |
| 102-20 Executive level responsibility for economic, environmental, and social topics | |
| 102-22 Composition of highest governance body and its committees | *Omission 102-22 vi. and vii. due to information unavailable. |
| 102-23 Chair of highest governance body | |
| 102-24 Nominating and selecting the highest governance body | *Omission 102-24 iv. due to information unavailable. |
| 102-25 Conflicts of Interest | Robust framework on anti-corruption practices, *Omission 102-25 iv. due confidentiality constraints. |
| 102-26 Role of highest governance body in setting purpose, values, and strategy | |
| 102-32 Highest governance body's role in sustainability reporting | |
| 102-33 Communicating critical concerns | |
| 102-34 Nature and total number of critical concerns | *Omission "nature" reference in |
| 102-35 Remuneration policies | |
| 102-36 Process for determening remuneration | |
| 102-37 Stakeholder's involvement in remuneration |
| 102-40 List of stakeholder groups | How we create value |
|---|---|
| 102-41 Collective bargaining agreements | People, All employees have full freedom of association. *Omission of % due to information unavailable. Continous data collection improvements during 2022. |
| 102-42 Identifying and selecting stakeholders | Hoistfinance.com |
| 102-43 Approach to stakeholder engagement | Sustainabilty Management, Hoistfinance.com |
| 102-44 Key topics and concerns raised | Sustainability Reporting, Hoistfinance.com |
| 102-45 Entities included in the consolidated financial statements | |
| 102-46 Defining report content and topic boundaries |
| 102-47 List of material topics | Sustainability Mangement, Hoistfinance.com, Sustainability Strategy |
|---|---|
| 102-48 Restatements of information | Restatements of base years and measurement methods are defined in relation to data presented. |
102-49 Changes in reporting | Sustainability, Sustainability Reporting |
| 102-50 Reporting period | |
| 102-51 Date of Most recent report | Sustainability Reporting |
| 102-52 Reporting cycle | |
| 102-53 Contact point for questions regarding the report | Sustainability Reporting |
| 102-54 Claims of reporting in accordance with the GRI Standards | GRI Content Index, Sustainability Reporting |
| 102-55 GRI content index | GRI Content Index |
| 102-56 External assurance |
Management approach
| GRI standard | Disclosure reference or comment |
|---|---|
| GRI 103: Management approach 2016 | |
| 103-1 Explanation of the material topic and its boundary | All areas included in our materiality matrix, which builds on stakeholder dialogues, are more or less material for our organisation as indicated on the axes of the matrix. The impact from our materiality topics occurs internally as well as within our stakeholder interactions. Hoist Finance have direct impact on material topics in terms of customer treatment, employee treatment, and on certain environmental emissions. We also have indirect impact on material topics in terms of our suppliers, and in relation to our societal contribution. The reporting on our material topics is limited to Hoist Finance Group unless otherwise stated. |
| 103-2 The management approach and its components | Hoist Finance aims to manage all material topics through our Corporate Governance Structure. The Corporate Governance Structure is furthermore supported by our Sustainability Governance model. However, we are not there yet in relation to all material topics. However, this work is ongoing and we are constantly developing. For example, in 2021, we implemented continuous evaluation of our sustainability strategy and targets in our Business Review process. |
| 103-3 Evaluation of the management approach | The structure of the corporate governance model is evaluated annually, and the sustainability governance model is continuously updated to identify necessary development. We have an internal auditing function in place and our grievance mechanism can be used for monitoring effectiveness of the management approach. Potential results of the evaluation of the management approach, e.g. performance against goals and targets are disclosed in this GRI Content Index. That is also the case for any related adjustments. |
Topic-specific disclosures
| GRI standard | Disclosure reference or comments |
|---|---|
| GRI 201: Economic Performance 2016 | |
201-1 Direct economic value generated and distributed | Consolidated income statement |
| 201-2 Financial implications and other risks and opportuntites due to climate change | Risk Management, *Omission 201-2 iii. due to information unavailable. |
| 201-3 Defined benefit plan obligations and other retirement plans | Note 1 (16. Employee benefits) |
| GRI 202: Market Presence 2016 | |
| 202-2 Senior management hired from local society | 89% of Country Managers in our markets are hired from the local community. |
| GRI 205: Anti-corruption 2016 | |
| 205-1 Operations assessed for risks related to corruption | Risk Management, Robust framework on anti-corruption practices |
| 205-2 Communication and training about anti-corruption policies and procedures | Sustainability Reporting, Sustainability Management |
| 205-3 Confirmed incidents of corruption and actions taken | During 2021, Hoist Finance was not subject to any warnings or sanctions for compliance breach by any supervisory authority. |
| GRI 302: Energy 2016 | |
| 302-1 Energy consumption within the organisation | Sustainability Reporting 302-1 g. DEFRA |
| 302-2 Energy intensity | 302-2 c. DEFRA |
| 302-3 Reduction of energy consumption | Sustainability Reporting |
| GRI 305: Emissions 2016 | Source of emission factors in all 305 disclosures: DEFRA |
| 305-1 Direct (Scope 1) GHG emissions | Sustainability Reporting, Control approach |
| 305-2 Energy indirect (Scope 2) GHG emissions | Sustainability Reporting, Control approach |
| 305-3 Other indirect (Scope 3) GHG emissions | Sustainability Reporting |
| 305-4 GHG emissions intensity | Sustainability Reporting |
| 305-5 Reduction of GHG emissions | Sustainability Reporting |
| GRI 307: Environmental Compliance 2016 | |
| 307-1 Non-compliance with environmental laws and regulation | No identified compliance breaches with environmental laws or regulations. |
| GRI 308: Supplier environmental assessment 2016 | |
| 308-1 New suppliers that were screened using environmental criteria | Sustainability Reporting |
| GRI 401: Employment 2016 | |
|---|---|
| 401-1 New employee hires and employee turnover | Our People in Figures*Omission: region due to not applicable. Gender and age more relevant. |
| 401-3 Parental leave | Our People in Figures*Omission 401-3 c-e due information unavailable. Continous data collection improvements during 2022. |
| Employment 403: Occupational health and safety 2018 | |
| 403-2 Hazard identification, risk assessment, and incident investigation | |
| 403-9 Work-related injuries | Our People in Figures*Omission: Only a. iii. included because of not apllicable: iii. is most relevant for organization. |
| GRI 404: Training and education 2016 | |
| 404-1 Average hours of training per year per employee | People*Omission 404-1 a.i. & ii. due to information unavailable. Continous data collection improvements during 2022. |
| 404-2 Programs for upgrading employee skills and transition assistance programs | People |
| 404-3 Percentage of employees receiving regular performance and career development reviews | People |
| GRI 405: Diversity and equal opportunity 2016 | |
| 405-1 Diversity of governance bodies and employees | |
| 405-2 Ratio of basic salary and remuneration of women to men | *Omission 405-2: Information unavailble for employee category. Continous data collection improvements during 2022. |
| GRI 406: Non-discrimination 2016 | |
| 406-1 Incidents of discrimination and corrective actions taken | Sustainability Reporting*Omission 406-1 b. due to confidentiality constraints. |
| GRI 408: Child labor 2016 | |
| 408-1 Operations and suppliers at significant risk for incidents of child labor | Sustainability Management |
| GRI 409: Forced or compulsory labor 2016 | |
| 409-1 Operations and suppliers at significant risk for incidents of forced or compulsory labor | Sustainability Management |
| GRI 412: Human rights assessment 2016 | |
| 412-2 Employee training on human rights policies or procedures | |
| GRI 414: Supplier social assessment 2016 | |
| 414-1 New suppliers that were screened using social criteria | Sustainability Reporting |
| GRI 418: Customer privacy 2016 | |
| 418-1 Substantiated complaints concerning breaches of customer privacy and losses of customer data | |
| GRI 419: Socioeconomic compliance 2016 | |
| 419-1 Non-compliance with laws and regulations in the social and economic area | Sustainability Reporting |