Reporting principles

Lemminkäinen’s combined annual report and sustainability report covers the period 1 January–31 December 2013. Our annual report is geared towards our most important stakeholders: shareholders, investors, analysts, financiers, the media, customers, partners, and personnel. This is our fourth sustainability report and it complies with the GRI G3.1 reporting framework. We report on sustainability annually.

The materiality matrix guides Lemminkäinen's sustainability reporting; the company focuses on those themes that are highlighted in the materiality evaluation. Lemminkäinen’s latest materiality matrix is from 2012. Lemminkäinen's goal is to perform a stakeholder survey in 2014; the company will update the materiality matrix based on that survey.

Lemminkäinen’s consolidated financial statements are drawn up and presented in accordance with IFRS standards. Consolidated financial statements provide the majority of the key economic responsibility figures. The consolidated financial statements have been drawn up in accordance with EU-approved IAS and IFRS standards, and the SIC and IFRIC interpretations in effect on 31 December 2013. The notes to the consolidated financial statements are also drawn up in compliance with the Finnish accounting and corporate legislation supplementing the IFRS standards. Segment reporting is based on management reporting, as per IFRS 8, and therefore deviates in part from the consolidated accounting principles. Comparison figures for 2012 are presented in brackets.

Personnel and remuneration data has been obtained during financial reporting and is also published in the financial statements. The data on Finnish employees is supplemented with information from the HR data system. Occupational health figures cover Lemminkäinen's operations in Finland, and occupational safety figures cover all of Lemminkäinen's operations. Absences due to sickness and accidents are calculated on theoretical, regular working hours.

Environmental reporting for 2013 covers operations in Finland. The reporting of waste, electricity and water covers the production facility operations subject to permits. The figures have not been adjusted in proportion to production volumes. Lemminkäinen head office in Helsinki implements an environmental management system. The system has WWF Finland’s Green Office label.

Lemminkäinen also participates in the Carbon Disclosure Project (CDP) survey. The CDP is an international, non-profit organisation of institutional investors that studies the impact of climate change from an investor’s perspective.

Calculation principles as well as any exceptions in and limitations to the calculation methods used have been noted next to the figures in question. If there have been any changes in the key figures reported, or to their scope, boundaries or measurement techniques, these have also been noted next to the figures in question.

The Finnish-language sustainability reporting’s numeric sustainability data has been assured by an independent third party, PricewaterhouseCoopers Oy, which has also checked the English-language version for conformity.

Lemminkäinen has declared that its reporting is compliant with Application Level B+ of the GRI G3 Guidelines. PricewaterhouseCoopers Oy has checked Lemminkäinen's reporting and has confirmed it is compliant with Application Level B+.