Scorecard

Trade-offs (Financial Capital with the other categories of Capitals)

MYTILINEOS allocates its Financial Capital to its businesses, focusing on those areas it thinks offer the best prospects for growth and returns. The allocation of financial resources for the maintenance and modernization of industrial units and facilities contributes significantly to the enhancement of the value of the company's Industrial Capital, while the corresponding allocation of resources to education, development, remuneration and Health Safety of its employees is transformed into the value of Human Capital. Also, the company, investing part of its Financial Capital in stabilizing and minimizing its impact on the natural environment, returns part of the value of Natural Capital, which appears to be initially restricted, mainly due to the use of raw materials from non-renewable sources in its activity. Finally, MYTILINEOS allocates part of its financial resources to the implementation of its social policy, with direct beneficiaries the wider community thus increasing the value of its Social Capital, while the related investments in the expansion of its business activities add, in the long term, to the value created from the Financial Capital itself.

Trade-offs (Industrial Capital with the other categories of Capitals

The utilisation of industrial units requires investments in installations and equipment, which are drawn from the company’s financial resources in the form of the funds allocated for this purpose. At the same time the Financial Capital value is enhanced by the income from the sales of the products obtained from the industrial production. The Industrial Capital impacts on the value of the Natural Capital, mainly using raw materials from non-renewable sources in the production process, while in the long term a part of this lost value is reduced by the company’s commitment to responsible consumption and production practices aimed at stabilising and improving the environmental performance of its industrial units. Investments in Industrial Capital help ensure the company’s compliance with the applicable legal and regulatory requirements: this has a positive impact on the Social Capital, as it enhances the company’s social license to operate, while it also affects positively its Human Capital, through the further development of the skills of employees, so that they can meet modern production process requirements.

Certification

The 100% of the MYTILINEOS Business Units, have in place a Quality management system certified by ISO 9001:2015 Standard.

Trade-offs (Natural Capital with the other categories of Capitals)

The use of raw materials from non-renewable sources, air emissions and waste production, in the context of the MYTILINEOS activities, restrict the stock of value of the Natural Capital. MYTILINEOS, in order to minimize its impact on the natural environment, alongside its certified environmental management system, promotes the implementation of best available techniques in all its Business Sectors. This practice requires financial resources that, in the short-term, seems to reduce the Financial Capital while at the same time it strengthens the value of the Social Capital by ensuring the maintenance of the environmental permits as well as the social acceptance of the company’s operation. Moreover, by converting the elements of the natural capital into value-added products, MYTILINEOS boosts the value stock of the Financial and Human Capital.

Certification

The 89.3% of the industrial & RES plants of MYTILINEOS, have in place an Environmental Management System, certified by ISO 14001:2015 Standard.

Trade-offs (Human Capital with the other categories of Capitals)

MYTILINEOS employees constitute the key element of the value produced by the company throughout its business activity. The company invests part of the value of its Financial Capital on the wages & benefits, Health & Safety, education & professional development of its employees. In parallel, the use of the employees’ skills in the production process increases the efficiency and, therefore, the value created by the Industrial Capital. The investments in Health & Safety at the workplace and therefore the protection of the right of direct and indirect employees to work without exposing themselves to imminent risk of injury or illness, increase the value created by the Human Capital itself but also the value stock of the Company’s Social Capital. Moreover, the Company’s Human Resources Management policy contributes to the value stock of the Financial Capital in the long term, by keeping the employees Injury and Turnover Rates at very low levels, thus avoiding costly accidents as well as the costs of replacing and training specialised employees.

Certification

The 89.3% of the industrial & RES plants of MYTILINEOS, have in place an Occupational Health & Safety Management System, certified by ISO 45001:2015 Standard.

Trade-offs (Social Capital with the other categories of Capitals)

MYTILINEOS social investments which are addressed to its local communities as well as to the society at large, in the form of sponsorships, donations, support for the development of local infrastructures and the implementation of social programmes, may reduce, in the short term, the Company’s Financial Capital, but in the longer term enable growth in this capital stock. The relations of MYTILINEOS with local government, investors, regulatory authorities and its other Stakeholder groups, affect directly or indirectly its image and reputation. These relations, which are characterised by a variety of partnership forms and are dictated by the social and economic conditions that apply in each particular case, are vital for all the Capital Categories employed by the Company, contributing to the effective operation of its business model and to the continuous renewal of its social license to operate.

Significant distinctions

• GOLD Award: "Information and awareness-raising of the school community on forest fire prevention and response, forest protection policies and practices" program.
• GOLD Award: “The Tipping Point” program.
• GOLD Award: for the implementation of the Supplier Training Program "Business Responsibility for Sustainable Development".

• Distinction in the BRAVO Society pillar for the implementation of the program " Creation and upgrading of Emergency Departments in Pediatric Clinics".
• Distinction in the BRAVO In Action pillar for the implementation of the program "We offer- Smiles to children".
• Distinction for the participation of MYTILINEOS in the Bravo Dialogue 2021, for the initiative "MYTILINEOS response to the COVID-19 virus pandemic".