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The scope of the report

Description of the report

The Annual Report and the Spondability section on corporate responsibility contain general information about Sponda’s financial, social and environmental operations between 1 January and 31 December 2013, unless otherwise indicated.

Scope of reporting

Sponda reports on its corporate responsibility according to the guidelines of the Global Reporting Initiative (GRI). The GRI 3.1 reporting framework is used in reporting. Additionally, the real estate and construction industry-oriented Construction and Real Estate Sector Supplement (CRESS) reporting guideline, which was published in autumn of 2011, has been applied in reporting. For the part of the CRESS directive, the CRE indicators related to the real estate sector in particular were reported on where applicable.

In addition to the GRI framework, certain portions of the report also comply with the European Public Real Estate Association’s EPRA criteria, which are taken into account separately in connection with the GRI index. Sponda’s Consolidated Financial Statements are compiled according to the IFRS (International Financial Reporting Standards). In some respects, the report also complies with the OECD's guidelines for multinational enterprises.

The corporate responsibility report has not been assured by an external assurance provider. Sponda has self-declared its reporting to be Application Level C.

Structure of the report

Sponda’s report is divided into three sections:

Scope of the report and data collection

The figures which appear in the report are based on the figures of Sponda’s Finland operations, unless otherwise indicated. Figures for the company’s subsidiaries are mentioned separately. Unless otherwise indicated, there have been no changes in the scope or method of calculation of the reporting principles.

There is a certain degree of annual variability in Sponda’s property holdings due to sales and purchases, which affects the comparability of the annual environment figures.

Approaches to managing financial, social or environmental responsibility are not discussed separately in the report.

Earlier reports

The previous Spondability report was published as a part of Sponda’s annual report in February 2013. Sponda reports on its progress in terms of responsibility each year.

In the 2013 report, Sponda has expanded the reporting of waste management and carbon footprint from the previous year.