Communication on Progress

Communication on Progress

Participant
Published
  • 10-Jun-2022
Time period
  • June 2021  –  June 2022
Format
  • Stand alone document – Basic COP Template
Differentiation Level
  • This COP qualifies for the Global Compact Active level
Self-assessment
  • Includes a CEO statement of continued support for the UN Global Compact and its ten principles
  • Description of actions or relevant policies related to Human Rights
  • Description of actions or relevant policies related to Labour
  • Description of actions or relevant policies related to Environment
  • Description of actions or relevant policies related to Anti-Corruption
  • Includes a measurement of outcomes
 
  • Statement of continued support by the Chief Executive Officer

  • Statement of the company's chief executive (CEO or equivalent) expressing continued support for the Global Compact and renewing the company's ongoing commitment to the initiative and its principles.

  • 12.5.2022

    To our stakeholders:
    I am pleased to confirm that PunaMusta Media PLC reaffirms its support of the Ten Principles of the United Nations Global Compact in the areas of Human Rights, Labour, Environment and Anti-Corruption.
    In this first annual Communication on Progress, we describe our actions to continually improve the integration of the Global Compact and its principles into our business strategy, culture and daily operations. We also commit to sharing this information with our stakeholders using our primary channels of communication.

    Sincerely yours,

    Raimo Puustinen
    Group CEO

Human Rights
  • Assessment, policy and goals

  • Description of the relevance of human rights for the company (i.e. human rights risk-assessment). Description of policies, public commitments and company goals on Human Rights.

  • PunaMusta Media respects Human Right policies and expects all its employees and all its business partners to respect the Universal Declaration of Human rights. This is stated in our Code of Conduct. The Code of Conduct is available at company intranet and company website, and it has been instructed to all company employees. Company’s Code of Conduct is based on the principles of UN Global Compact initiative, laws, regulations and universal declarations. The Code of Conduct: https://www.punamustamedia.fi/konserni/eettiset-ohjeet/

  • Implementation

  • Description of concrete actions to implement Human Rights policies, address Human Rights risks and respond to Human Rights violations.

  • The company has implemented an anonymous Whistleblower system that is accessible to all company employees and meets the demands of the EU whistleblower directive.

  • Measurement of outcomes

  • Description of how the company monitors and evaluates performance.

  • We measure and report f. ex. working related injuries and prevention activities, employee diversity and additional trainings and education of the employees. Our environmental responsibility actions are measured annually (inc. green energy percentage, recycled materials, development of the carbon footprint of printing business, paper origin and percentage of certified paper qualities) and are covered in our Sustainability Report: https://www.lukusali.fi/index.html?p=PunaMusta%20Media%20Oyj&i=63169340-a6b9-11ec-bb9a-00155d64030a

Labour
  • Assessment, policy and goals

  • Description of the relevance of labour rights for the company (i.e. labour rights-related risks and opportunities). Description of written policies, public commitments and company goals on labour rights.

  • PunaMusta Media’s Code of Conduct is based on the principles of UN Global Compact initiative, laws, regulations and universal declarations and therefor aligned with ILO Core Convention. We expect also our business partners to commit to our Code of Conduct. We assess labor related risks. Company policies of the freedom of association and collective bargaining and the elimination of forced labour, child labour and employment discrimination area also stated in our Sustainability Report: https://www.lukusali.fi/index.html?p=PunaMusta%20Media%20Oyj&i=63169340-a6b9-11ec-bb9a-00155d64030a

  • Implementation

  • Description of concrete actions taken by the company to implement labour policies, address labour risks and respond to labour violations.

  • PunaMusta Media is a member of Nolla tapaturmaa -foorumi aka Nollis - The Zero Accident Forum - that is a network of workplaces that aims to continuously improve occupational safety and well-being and to disseminate good practice. The forum has a steering group made up of representatives of member workplaces and is coordinated by the National Institute of Occupational Health.

    PunaMusta Media has a digital suggestion box to which all employees are able to leave their suggestions. All employees are entitled to medical services. Employees are also encouraged to practice exercise by offering fringe benefits of bicycle benefit and sport and culture benefit to all company employees.

  • Measurement of outcomes

  • Description of how the company monitors and evaluates performance.

  • We measure and report f. ex. working related injuries and prevention activities, employee diversity and additional trainings and education of the employees. These are found in our Sustainability Report: https://www.lukusali.fi/index.html?p=PunaMusta%20Media%20Oyj&i=63169340-a6b9-11ec-bb9a-00155d64030a

Environment
  • Assessment, policy and goals

  • Description of the relevance of environmental protection for the company (i.e. environmental risks and opportunities). Description of policies, public commitments and company goals on environmental protection.

  • PunaMusta Media has been taking concrete measures to reduce its carbon footprint for years, especially in its printing business, as that branch is the source of most of our emission, and the main goal for the Group as a whole in terms of environmental responsibility is to be a carbon-negative group by the end of 2029. Due to the nature of our business operations, we are already aware that we will not be able to achieve net-zero status by the 2029, but that our operations will continue to have a small carbon footprint. This we will overcompensate for reliable climate projects.

  • Implementation

  • Description of concrete actions to implement environmental policies, address environmental risks and respond to environmental incidents.

  • The Science Based Targets under the Paris Climate Agreement are the basis for our Group's future emission reduction targets. In February 2022, we signed a commitment to set SBT-targets. This will also help us to include more of our value-chain into the environmental targets.

  • Measurement of outcomes

  • Description of how the company monitors and evaluates environmental performance.

  • We use almost only green electricity, we pay attention to continuous improvement of recycling etc. Our environmental responsibility actions are measured annually and are covered in our Sustainability Report: https://www.lukusali.fi/index.html?p=PunaMusta%20Media%20Oyj&i=63169340-a6b9-11ec-bb9a-00155d64030a

    We measure and report f. ex. working related injuries and prevention activities, employee diversity and additional trainings and education of the employees. Our environmental responsibility actions are measured annually (inc. green energy percentage, recycled materials, development of the carbon footprint of printing business, paper origin and percentage of certified paper qualities) and are covered in our Sustainability Report: https://www.lukusali.fi/index.html?p=PunaMusta%20Media%20Oyj&i=63169340-a6b9-11ec-bb9a-00155d64030a

Anti-Corruption
  • Assessment, policy and goals

  • Description of the relevance of anti-corruption for the company (i.e. anti-corruption risk-assessment). Description of policies, public commitments and company goals on anti-corruption.

  • Risk management in the PunaMusta Media Group is part of normal, day-to-day business and integrated into the management system. The aim of risk management is to ensure that the Group companies' operations are efficient and effective, that information is reliable, and that regulations and operating principles are complied with. The aim is to identify, assess and monitor business-related risks. The company's CEO and the Management Team are responsible for identifying and managing risks in their respective areas of responsibility.

    Risks of bribery and corruption could be mainly related to journalistic influence or the Group's various acquisitions. Risks to bribery and corruption are seen as low in the PunaMusta Media Group.

  • Implementation

  • Description of concrete actions to implement anti-corruption policies, address anti-corruption risks and respond to incidents.

  • PunaMusta Media’s Code of Conduct is based on the principles of UN Global Compact initiative, laws, regulations and universal declarations and therefor aligned with ILO Core Convention. We expect also our business partners to commit to our Code of Conduct in which we state our commitment to Anti-Corruption: https://www.punamustamedia.fi/konserni/eettiset-ohjeet/ and the commitment is also stated in our Sustainability Report: https://www.lukusali.fi/index.html?p=PunaMusta%20Media%20Oyj&i=63169340-a6b9-11ec-bb9a-00155d64030a

  • Measurement of outcomes

  • Description of how the company monitors and evaluates anti-corruption performance.

  • The company has implemented an anonymous Whistleblower system that is accessible to all company employees and meets the demands of the EU whistleblower directive.

    We measure and report f. ex. working related injuries and prevention activities, employee diversity and additional trainings and education of the employees. Our environmental responsibility actions are measured annually (inc. green energy percentage, recycled materials, development of the carbon footprint of printing business, paper origin and percentage of certified paper qualities) and are covered in our Sustainability Report: https://www.lukusali.fi/index.html?p=PunaMusta%20Media%20Oyj&i=63169340-a6b9-11ec-bb9a-00155d64030a