CSR Policy
Navantia considers Corporate Social Responsibility (CSR) as voluntarily incorporating social, environmental and economic concerns arising from a transparent relationship and dialogue with its influence groups and stakeholders into its strategy, governance and management.
Navantia’s CSR vision seeks to align its corporate strategy with the 2030 Agenda and its 17 Sustainable Development Goals (SDGs). This goal involves integrating the SDGs into the organisation in a cross-cutting manner and committing to strategies based on responsible business management.
As part of our commitment to the 2030 Agenda, we have conducted a prioritisation exercise to analyse the most relevant SDGs for the company and our stakeholders. This will allow us to focus our actions on the objectives where can make the most significant contribution.
Operational principles of our responsible management
On social matters
On social matters
Supporting and respecting the protection of fundamental human rights within our sphere of influence and encouraging cross-border development initiatives.•Promoting gender equality and recognising and encouraging diversity, equity and inclusion as fundamental values at Navantia •Promoting and protecting the health of Navantia staff and their environment, by raising awareness of the benefits of good health and leading a healthy lifestyle. •Operating under the demand of maximum safety levels in our processes and at facilities, with particular focus Navantia staff and collaborating industry personnel. • Valuing Navantia’s cultural heritage and the promotion of naval culture among our employees and wider society, fostering a positive impact on the development of local communities.
On environmental matters
On environmental matters
Reducing the carbon footprint of our processes and promoting offsetting initiatives. • Supporting the concept of circular economy and promoting initiatives to encourage greater environmental responsibility. • Including respect for the environment in the design criteria of our products and services. • Supporting actions which foster the conservation and sustainable use of oceans and seas.
On economic matters
On economic matters
Following good practices on national and international levels as regards Good Corporate Governance, with a particular focus on tackling corruption in all its forms, including extortion and bribery. • Improving the technological capacity of our sector, fostering economic development in all areas where the company is located through digitisation, innovation and technology, in order for benefit people and the environment.
Our CSR
MATERIALITY AND STAKEHOLDER INVOLVEMENT
We have carried out a materiality analysis, viewing it as a continuous process that aims to identify and assess relevant environmental, social, ethical and economic issues based on an analysis of stakeholders’ expectations and the company’s strategic priorities.
These issues have been identified in accordance with the United Nations’ 17 Sustainable Development Goals contained in the 2030 Agenda, in order to assess the vision of each of the stakeholders regarding contributions Navantia can make to achieving the 17 goals, as well as their prioritisation. In terms of identifying stakeholders and determining their relevance, the following elements have been considered:
According to these criteria, Navantia has identified the following stakeholders:
- Board of Directors / Shareholders
- Employees
- Suppliers/Supply Chain
- Clients
- Trade Unions
- National, regional and local institutions
- The Media
- Entities and associations linked to our business/history
In order to assess the opinions of the different stakeholders regarding the SDGs they believe Navantia should prioritise, the areas responsible for interaction with each stakeholder have conducted a self-assessment, taking advantage of the knowledge they possess of each stakeholder’s expectations.
MATERIALITY ANALYSIS
General Framework
As is the case with most materiality analyses, the World Economic Forum’s Global Risk Report 2020 is taken as a starting point, will look as follows:
Benchmarking
By way of benchmarking, the 2020 results of the Spanish Global Compact Network were analysed in relation to companies’ priorities concerning the SDGs. Materiality at Navantia was then compared to the average for the corporate sector:
Stakeholder survey
The following stakeholders have been asked for their opinion. They include:
- Navantia workforce
- Supply chain
- National and regional institutions
- Trade unions
- The Media
Materiality matrix
