2022 Communication on Progress

Investor Media Group

Published date

July 15, 2022

No. of questions

62

Supplemental files

CEO Statement

Signed
  • Governance

    Policies and Responsibilities

    1. Does the Board / highest governance body or most senior executive of the company:

    2. Does the company have a publicly stated commitment regarding the following sustainability topics?

    No, this is not a current priority

    No, but we plan to have a commitment within 2 years

    Yes, and the commitment is focused on our own operations

    Yes, and the commitment includes our own operations and the value chain

    Yes, and the commitment includes our own operations and the value chain along with communities and society

    Human Rights

    Labour Rights / Decent Work

    Environment

    Anti-Corruption

    3. Does the company have in place a code of conduct regarding each of the following sustainability topics?

    No, this is not a current priority

    No, but we plan to have a code of conduct within two years

    Yes, focused on employee conduct

    Yes, focused on employees and suppliers

    Yes, focused on employees, suppliers, and other business relationships

    Human Rights

    Labour Rights / Decent Work

    Environment

    Anti-Corruption

    4. Has the company appointed an individual or group responsible for each of the following sustainability topics?

    No one is specifically responsible for this topic

    Yes, with limited influence on outcomes (e.g., limited access to internal information, limited decision-making authority)

    Yes, with moderate influence on outcomes (e.g., has access to relevant information, reports to senior manager)

    Yes, with direct influence of some outcomes (e.g., has access to relevant information, includes one or more senior manager with decision making rights

    Yes, with direct influence at the highest levels of the organization (e.g., has access to relevant information, includes most senior members of organization)

    Human Rights

    Labour Rights / Decent Work

    Environment

    Anti-Corruption

    5. Does the company have a formal structure(s) (such as a cross-functional committee) to address each of the following sustainability topics?

    No formal structure

    Yes, and with limited influence on outcomes (e.g., limited access to internal information necessary to understand risks, poor representation from relevant departments or functions)

    Yes, with moderate influence on outcomes (e.g., it includes representatives of some functions, departments, or business units most relevant for addressing the risks concerned, has access to relevant information, reports to senior manager)

    Yes, with direct influence on some outcomes (e.g., it includes representatives of functions, departments, or business units most relevant for addressing the risks concerned, has access to relevant information, it involves one or more members of senior management)

    Yes, and with direct influence at the highest level of the organization (e.g., full access to relevant information, it involves members at highest level of organization)

    Human Rights

    Labour Rights / Decent Work

    Environment

    Anti-Corruption

    Prevention

    6. Does the company have a process or processes to assess risk?

    No, this is not a current priority

    No, but we are planning to develop one in the next two years

    Yes, related to our own operations

    Yes, related to our own operations and entire value chain and other business relationships

    Human rights risks

    Labour rights risks

    Environmental risks

    Corruption risks

    7. Does the company have a due diligence process through which it identifies, prevents, mitigates, and accounts for actual and potential negative impacts on sustainability topics?

    No, this is not a current priority

    No, but we are planning to develop one in the next two years

    Yes, related to our own operations

    Yes, related to our own operations and entire value chain and other business relationships

    Human rights risks

    Labour rights risks

    Environmental risks

    Corruption risks

    Concerns and grievance mechanisms

    8. Are there any processes through which members of the company’s workforce can raise concerns about the company’s conduct related to human rights, labour rights, environment, or anti-corruption?

    8.1. Please provide additional detail regarding the process(es) the company has through which members of the company’s workforce can raise concerns about the company’s conduct.

    No

    Yes

    Is the process communicated to all employees/workers in local languages?

    Is the process available to non-employees (e.g., contractors, vendors, suppliers)?

    Is the process confidential (e.g., whistleblowing process)?

    Are there processes in place to avoid retaliation?

    Can concerns be raised about suppliers or other business relationships (e.g., clients, partners, etc.)

    Other (Please provide additional information)

    9. Does the company provide or enable access to effective remedy to right holders / stakeholders where it has caused or contributed to the adverse impact?

    No process to enable remedy to stakeholders

    Remedy available to some stakeholders (i.e., some geographies, employees only)

    Remedy is available to all affected stakeholders

    Remedy is available to all stakeholders, and suppliers are expected to have similar policies

    Human Rights

    Labour Rights / Decent Work

    Environment

    Anti-Corruption

    Lessons

    10. How does the company capture lessons regarding each of the following sustainability topics?

    No lessons are regularly captured

    Conducts root cause analyses/investigation of major incidents

    Conducts root cause analyses/investigation and changes organizational policies, processes, and practices accordingly

    Systematically conducts root cause analyses/investigation and leverages learnings to influence both internal and external affairs

    Human Rights

    Labour Rights / Decent Work

    Environment

    Anti-Corruption

    Executive Pay

    11. Is executive pay linked to performance on one or more of the following sustainability topics?

    No, and we have no intention to change

    No, but we plan to within two years

    Yes

    Human Rights

    Labour Rights / Decent Work

    Environment

    Anti-Corruption

    Board Composition

    12. Percentage of individuals within the company’s Board / highest governance body by:

    Number/Percentage

    Not applicable (Please provide additional information)

    Total number of board members (#)

    5

    Male (%)

    20

    Female (%)

    80

    Non-binary (%)

    0

    Under 30 years old (%)

    0

    30-50 years old (%)

    60

    Above 50 years old (%)

    40

    From minority or vulnerable groups (%)

    0

    Executive (%)

    20

    Independent (%)

    0

    13. Do you produce sustainability reporting according to:

    Data Assurance

    14. Is the information disclosed in this questionnaire assured by a third-party?

  • Human Rights

    Materiality / Saliency

    1. Which of the following has the company identified as material human rights issues connected with its operations and/or value chain, whether based on their salience (i.e., the most severe potential negative impacts on people) or another basis?

    Commitment

    2. Does the company have a policy commitment in relation to the following human rights issues?

    No, and we have no plans to develop a policy

    No, but we plan to in the next two years

    Yes, included within a broader policy

    Yes, articulated as a stand-alone policy

    Rights of women and/or girls

    Freedom of expression

    Rights of refugees and migrants

    Digital security / privacy

    Rights of indigenous peoples

    Access to culture

    Free, prior and informed consent

    Access to water and sanitation

    2021

    2.1. For each human rights policy, is it:

    Aligned with international human rights standards?

    Publicly available?

    Approved at most senior level of the company?

    Applied to the company’s own operations?

    Applied to the company’s supply chain and/or other business relationships?

    Developed involving human rights expertise from inside and outside the company?

    Other (Please provide additional information)

    Freedom of expression

    Digital security / privacy

    Rights of women and/or girls

    Access to culture

    Rights of indigenous peoples

    Free, prior and informed consent

    Rights of refugees and migrants

    Access to water and sanitation

    Prevention

    3. In the course of the reporting period, has the company engaged with affected stakeholders or their legitimate representatives in relation to the following human rights issues?

    No engagement on this topic

    To better understand the risks/ impacts in question

    To discuss potential ways to prevent or mitigate the risks/ impacts in question

    To agree on a way to prevent/ mitigate the risks/ impacts in question

    To assess progress in preventing /mitigating the risks/impacts in question

    To collaborate in the prevention/ mitigation of the risks/ impacts in question

    Rights of women and/or girls

    Freedom of expression

    Rights of refugees and migrants

    Digital security / privacy

    Rights of indigenous peoples

    Access to culture

    Free, prior and informed consent

    Access to water and sanitation

    4. What type of action has the company taken in the reporting period with the aim of preventing/mitigating the risks/impacts associated with this human rights issue?

    Provided internal training/ capacity building for the direct workforce

    Building capacity among relevant business relationships (e.g., partners, suppliers, clients, etc.)

    Conducting an audit process and/or corrective action plan

    Collective Action with peers or other stakeholders to address the issue

    Collaboration with governmental or regulatory bodies

    Other (Please provide additional information)

    No action within reporting period

    Rights of women and/or girls

    Freedom of expression

    Rights of refugees and migrants

    Digital security / privacy

    Rights of indigenous peoples

    Access to culture

    Free, prior and informed consent

    Access to water and sanitation

    5. Who receives training for the following human rights issues?

    No training provided

    Select employees

    All employees

    Contractors

    Direct suppliers of the organization

    Indirect suppliers of the organization

    Other – such as partners, clients, etc.

    Rights of women and/or girls

    Freedom of expression

    Rights of refugees and migrants

    Digital security / privacy

    Rights of indigenous peoples

    Access to culture

    Free, prior and informed consent

    Access to water and sanitation

    6. How does the company assess progress in preventing/mitigating the risks/impacts associated with the following human rights issues?

    No monitoring of progress

    Review issues on ad-hoc basis

    Set annual targets/ goals, track progress over time (internal programs only)

    Set annual targets/ goals, track progress over time (internal and external programs)

    Other (Please provide additional information)

    Rights of women and/or girls

    Freedom of expression

    Rights of refugees and migrants

    Digital security / privacy

    Rights of indigenous peoples

    Access to culture

    Free, prior and informed consent

    Access to water and sanitation

    Response

    7. During the reporting period, has the company been involved in providing or enabling remedy where it has caused or contributed to adverse impact associated with the following human rights issue(s)?

    Yes

    No

    Choose to not disclose

    Not applicable (Please provide additional information)

    Rights of women and/or girls

    Freedom of expression

    Rights of refugees and migrants

    Digital security / privacy

    Rights of indigenous peoples

    Access to culture

    Free, prior and informed consent

    Access to water and sanitation

    The company had not been involved in such remedies. However, on daily basis Investor Media Group insures all its employees equal labor rights and access to water and sanitation. During the reported period the company organised a special charity campaign, providing the affected civilians in Ukraine with food, sanitation materials and water purifying tablets.

    8. Briefly describe practical actions the company has taken during the reporting period and/or plans to take to implement the human rights principles, including any challenges faced and actions taken towards prevention and/or remediation.

    Investor Media Group has a consistent policy of a socially responsible company. Respect for and protection of human rights has always been at the heart of the projects and activities it initiates and supports. Every year, Investor Media Group adopts and implements an annual training plan and promotes the professional and career development of its employees. Its employees have equal rights to access training in courses organised by the company or by external contractors, as well as the right to formally express their opinion in the annual forms of certification. The company's policy in the field of human rights is regulated in the internal Rules of Procedure and Labour. An integral part of Investor Media Group's policy is respect for and protection of human rights and the absence of prejudices regarding nationality, race and ethnicity, age, gender and views. The company provides healthy and safe working conditions and equal opportunities for career development of employees. The company's company policy is to participate in those business associations that promote effective governance and economic growth. The company is a member of the Association of Bulgarian Broadcasters, the Italian Chamber of Commerce in Bulgaria, the French-Bulgarian Chamber of Commerce, the American Chamber of Commerce in Bulgaria, and in March 2021 participated in the establishment of the first green center for sustainable finance and energy Green Finance & Energy Center. Investor Media Group meets all legal requirements to provide information to shareholders, employees, partners, customers and other stakeholders. Annual reports and financial statements, information about management, partners and customers, current prices of advertising packages, job advertisements, news about the company's activities and other information are posted on the company's website and in all public media registers in the country. The company protects the rights of its viewers and users by providing accurate, timely, comprehensive and accessible information about its team and rules of operation. Full information about its activity is posted on the company's website. When hiring employees in Investor Media Group, the principles of the Law on Protection against Discrimination, the Law on Personal Data Protection and the company's internal policies are observed and guaranteed - the employees conducting selection are not influenced by the nationality, race and ethnicity of the candidates, their age, gender, nor beliefs. The company strictly adheres to the legal and ethical norms related to the selection of staff, especially when it comes to guaranteeing observance of confidentiality and providing equal opportunities. The company provides transparency in the selection of job candidates, providing an opportunity for participants in the final stage of selection to receive information about their results. The team of Investor Media Group purposefully supports people with disabilities, single parents, young people from homes for children, deprived of parental care. In the conditions of COVID-19 Investor Media Group quickly and adequately adapted its work process, providing a safe and secure environment for its employees, by providing all necessary means for cleaning, disinfection and protection, as well as by creating conditions for remote work of all teams for which remote work is possible. Investor Media Group invests long-term in its own educational, social, environmental, cultural and sports projects. In December 2021 and April 2022 the media group conducted two charity events, helping parentless children from Foundation "Hope for the little" in Sofia, Bulgaria. In December 2021 Investor Media Group purchased and donated food and hygiene supplies for the two homes for children of the Foundation. In April 2021 the media company organised a charitable Eastern bazaar for its employess, where 1000 Bulgarian levs were gathered and donated for the sake of the children of the Foundation. In March 2022 Investor Media Group and the Higher School of Insurance and Finance, which is part of the media group, conducted a charity campaign, collecting, buying and donating food, sanitation and drugstore supplies to all civilians, affected by the war in Ukraine and to the Ukrainian refugees in Bulgaria. Moreover, the specialized websites from Investor Media Group - the platform for renting and buying real estate Imoti.net and the platform for finding jobs - Rabota.bg, developed special units on the websites, suitable specially for Ukrainian refugees who want to establish safely themselves and their families in Bulgaria.
  • Labour

    Commitment

    1. Does the company have a policy commitment in relation to the following labour rights principles?

    No, and we have no plans to develop a policy

    No, but we plan to in the next two years

    Yes, included within a broader policy

    Yes, articulated as a stand-alone policy

    Not applicable (Please provide additional information)

    Freedom of association and the effective recognition of the right to collective bargaining

    2022

    Forced labour

    2022

    Child labour

    2022

    Non-discrimination in respect of employment and occupation

    2022

    Occupational safety and health

    2022

    Working conditions (wages, working hours)

    2022

    1.1. For each labour rights policy, is it:

    Aligned with international labour standards?

    Publicly available?

    Approved at most senior level of the company?

    Applied to the company’s own operations?

    Applied to the company’s supply chain and/or other business relationships?

    Developed involving labour rights expertise from inside and outside the company?

    Other (Please provide additional information)

    Freedom of association and the effective recognition of the right to collective bargaining

    Forced labour

    Child labour

    Non-discrimination in respect of employment and occupation

    Occupational safety and health

    Working conditions (wages, working hours)

    Prevention

    2. In the course of the reporting period, has the company engaged with affected stakeholders or their legitimate representatives in relation to the following labour rights issues?

    No engagement on this topic

    To better understand the risks/ impacts in question

    To discuss potential ways to prevent or mitigate the risks/ impacts in question

    To agree on a way to prevent/ mitigate the risks/ impacts in question

    To assess progress in preventing/ mitigating the risks /impacts in question

    To collaborate in the prevention/ mitigation of the risks/ impacts in question

    Other (Please provide additional information)

    Freedom of association and the effective recognition of the right to collective bargaining

    Forced labour

    Child labour

    Non-discrimination in respect of employment and occupation

    Occupational safety and health

    Working conditions (wages, working hours)

    3. What type of action has the company taken in the reporting period with the aim of preventing/mitigating the risks/impacts associated with this labour rights issue?

    Provided internal training/ capacity building for the direct workforce

    Building capacity among relevant business relationships (e.g., partners, suppliers, clients, etc.)

    Conducting an audit process and/or corrective action plan

    Collective Action with peers or other stakeholders, in particular workers' organizations, to address the issue

    Collaboration with governmental or regulatory bodies

    Other (Please provide additional information)

    No action within reporting period

    Freedom of association and the effective recognition of the right to collective bargaining

    Forced labour

    Child labour

    Non-discrimination in respect of employment and occupation

    Occupational safety and health

    Working conditions (wages, working hours)

    4. Who receives training for the following labour rights issues?

    No training provided

    Select employees

    All employees

    Contractors

    Direct suppliers of the organization

    Indirect suppliers of the organization

    Other – such as partners, clients, etc.

    Freedom of association and the effective recognition of the right to collective bargaining

    Forced labour

    Child labour

    Non-discrimination in respect of employment and occupation

    Occupational safety and health

    Working conditions (wages, working hours)

    5. How does the company assess progress in preventing/mitigating the risks/impacts associated with the following labour rights issues?

    No monitoring of progress

    Review issues on ad-hoc basis

    Set annual targets/ goals, track progress over time (internal programs only)

    Set annual targets/ goals, track progress over time (internal and external programs)

    Other (Please provide additional information)

    Freedom of association and the effective recognition of the right to collective bargaining

    Forced labour

    Child labour

    Non-discrimination in respect of employment and occupation

    Occupational safety and health

    Working conditions (wages, working hours)

    Performance

    6. What is the percentage of employees covered under collective bargaining agreements?

    Percent of employees (%)

    Unknown

    Employees covered under collective bargaining (%)

    100
    Optional comment
    Investor Media Group adapted strict human resources policy, which provides equal opportunities for training and development in strict compliance with labor legislation on national level in Bulgaria.

    7. What is the percentage of employees in a trade union or other workers' organization?

    Percent of employees (%)

    Unknown

    Not applicable (Please provide additional information)

    Employees in a trade union or on a worker committee (%)

    The participation of worker's organisation in Bulgaria is not a practice. All employees' rights are defender under the Bulgarian labor legislation.

    8. In the course of the reporting period, what was the percentage of women in:

    Percent of women (%)

    Unknown

    Senior leadership level position

    85

    Non-executive board

    55

    9. What was the average ratio of the basic salary and remuneration of women to men (comparing jobs of equal value) during the reporting period?

    Salary ratio (%)

    Unknown

    Choose to not disclose

    Women / Men (%)

    All information, regarding salaries of employees is strictly confidential in accordance to the data security rules and labor legislation.

    10. In the course of the reporting period, how frequently were workers injured (injuries per hour worked)?

    Frequency of injury

    Unknown

    Choose to not disclose

    Frequency of injury

    0

    11. In the course of the reporting period, what was the company’s incident rate?

    Incident rate

    Unknown

    Choose to not disclose

    Incident rate

    0

    Response and Reporting

    12. In the course of the reporting period, has the company been involved in providing or enabling remedy where it has caused or contributed to the adverse impact associated with the following labour rights issues?

    Yes

    No

    Choose to not disclose

    Not applicable (Please provide additional information)

    Freedom of association and the effective recognition of the right to collective bargaining

    Forced labour

    Child labour

    Non-discrimination in respect of employment and occupation

    Occupational safety and health

    Working conditions (wages, working hours)

    13. Briefly describe practical actions the company has taken during the reporting period and/or plans to take to implement the labour rights principles, including any challenges faced and actions taken towards prevention and/or remediation.

    The hiring of employees in the Investor Media Group is regulated by a Selection Procedure. It aims to ensure equal opportunities, competitiveness and transparency in the selection of the most suitable candidate for the job. This is achieved through the use of standardized methods that guarantee objectivity and reliability in the assessment, which prevents the possibility of discrimination. Basic competencies for the company and the specific knowledge, skills and experience required for each position are assessed. The adaptation process guarantees an equal start for all new employees in the company. Through career counseling activities, employees are given the opportunity to make the right choice for their future career and development. The company applies the principle of equality and provides continuing education and continuous professional development of all its employees through external and internal training, seminars, exchange of experience, involvement in projects, participation in internship programs, work with a mentor and others. Mandatory preventive examinations are conducted annually to monitor the health of employees. The employees of the Investor Media Group are provided with examinations by specialists and their treatment is monitored. Based on the risk assessment at the workplace, prescriptions are regularly prepared and their implementation is monitored. Investor Media Group works with unified standards for the workplace, prepared in accordance with the specifics of the activity of the employees. The Investor Media Group has clear rules regarding the working hours of employees. They are designed to benefit the employees of the company - they are tailored to the specifics of their work responsibilities, the location of the workplace, as well as the ability to move employees in increasing traffic. The rules for working hours in the company are part of the approved internal rules in the Investor Media Group. The company selects its suppliers and partners according to a list of criteria, including indicators of whether they protect labor rights.
  • Environment

    Commitment

    1. Does the company have a formal policy on the following environmental topics?

    No, and we have no plans to develop a policy

    No, but we plan to in the next two years

    Yes, included within a broader policy

    Yes, articulated as a stand-alone policy

    Not applicable (Please provide additional information)

    Climate Action

    2022

    Water

    2022

    Oceans

    2022

    Forests / Biodiversity / Land Use

    2022

    Air Pollution

    2022

    Waste (e.g., chemical spills, solid waste, hazardous, plastic, etc.)

    2022

    Energy & Resource Use

    2022

    1.1. For each environmental policy, is it:

    Aligned with international environmental standards?

    Publicly available?

    Approved at most senior level of the company?

    Applied to the company’s own operations?

    Applied to the company’s supply chain and/or other business relationships?

    Developed involving environmental expertise from inside and outside the company?

    Other (Please provide additional information)

    Climate Action

    Water

    Oceans

    Forests / Biodiversity / Land Use

    Air Pollution

    Waste (e.g., chemical spills, solid waste, hazardous, plastic, etc.)

    Energy & Resource Use

    Prevention

    2. In the course of the reporting period, has the company engaged with affected stakeholders or their legitimate representatives in relation to the following environmental issues?

    No engagement on this topic

    To better understand the risks/ impacts in question

    To discuss potential ways to prevent or mitigate the risks/ impacts in question

    To agree on a way to prevent/ mitigate the risks/ impacts in question

    To assess progress in preventing/ mitigating the risks/ impacts in question

    To collaborate in the prevention/ mitigation of the risks/ impacts in question

    Other (Please provide additional information)

    Climate Action

    Water

    Oceans

    Forests / Biodiversity / Land Use

    Air Pollution

    Waste (e.g., chemical spills, solid waste, hazardous, plastic, etc.)

    Energy & Resource Use

    3. What type of action has the company taken in the reporting period with the aim of preventing/mitigating the risks/impacts associated with these environmental topics?

    Provided internal training/ capacity building for the direct workforce

    Building capacity among relevant business relationships (e.g., partners, suppliers, clients, etc.)

    Conducting an audit process and/or corrective action plan

    Collective Action with peers or other stakeholders to address the issue

    Collaboration with governmental or regulatory bodies

    Other (Please provide additional information)

    No action within reporting period

    Climate Action

    Water

    Oceans

    Forests / Biodiversity / Land Use

    Air Pollution

    Waste (e.g., chemical spills, solid waste, hazardous, plastic, etc.)

    Energy & Resource Use

    4. How does the company assess progress in preventing/mitigating the risks/impacts associated with the following environmental topics?

    No monitoring of progress

    Review issues on ad-hoc basis

    Set annual targets/ goals, track progress over time (internal programs only)

    Set annual targets/ goals, track progress over time (internal and external programs)

    Other (Please provide additional information)

    Climate Action

    Water

    Oceans

    Forests / Biodiversity / Land Use

    Air Pollution

    Waste (e.g., chemical spills, solid waste, hazardous, plastic, etc.)

    Energy & Resource Use

    4.1. For each environmental topic in which the company sets timebound goals / targets, what kind of targets has the company set?

    Description of targets (e.g., what is the target, absolute vs. intensity, externally verified, on track, etc.)

    Climate Action

    Externally verified. Via its media presence and coverage, Investor Media Group's goal is to actively present and cover all relevant topics, problems and solutions, regarding the policies and discussion on the climate action. Focusing on presenting all relevant information on the topic to its viewers and readers, Investor Media Group's on track goal is to start a productive conversation, presenting the effective solutions.

    Energy & Resource Use

    Externally verified. The topics on energy&resource use is another important topic, covered on a regular basis by the media of Investor Media Group. The company is also a co-founder of the first think-tank for sustainable finance and energy - Green Finance & Energy Center.

    Water

    Forests / Biodiversity / Land Use

    Air Pollution

    Externally verified. Via its media presence and coverage, Investor Media Group's goal is to actively present and cover all relevant topics, problems and solutions, regarding the policies and discussion on the air pollution problems. Focusing on presenting all relevant information on the topic to its viewers and readers, Investor Media Group's on track goal is to start a productive conversation, presenting the effective solutions.

    Waste (e.g., chemical spills, solid waste, hazardous, plastic, etc.)

    Externally verified. Via its media presence and coverage, Investor Media Group's goal is to actively present and cover all relevant topics, problems and solutions, regarding the policies and discussion on the waste. Focusing on presenting all relevant information on the topic to its viewers and readers, Investor Media Group's on track goal is to start a productive conversation, presenting the effective solutions. Moreover, the company has integrated effective internal policies for treating waste.

    Oceans

    4.2. For each environmental topic in which the company sets timebound goals / targets, how is progress against target / goal tracked?

    Progress is reviewed against goals annually or more frequently

    Progress is reported internally to the most senior level

    Progress is reported externally

    Other (Please provide additional information)

    Climate Action

    Energy & Resource Use

    Water

    Forests / Biodiversity / Land Use

    Air Pollution

    Waste (e.g., chemical spills, solid waste, hazardous, plastic, etc.)

    Oceans

    5. In the course of the reporting period, has the company been involved in providing or enabling remedy for any actual impacts associated with the following environmental issue(s)?

    Yes

    No

    Choose to not disclose

    Not applicable (Please provide additional information)

    Climate Action

    Water

    Oceans

    Forests / Biodiversity / Land Use

    Air Pollution

    Waste (e.g., chemical spills, solid waste, hazardous, plastic, etc.)

    Energy & Resource Use

    Climate Action

    6. What were the company’s gross global greenhouse gas emissions for the reporting period?

    Scope 1 Emissions

    The company does not have data on this matter.

    Emissions (tCO2e)

    Scope 2 Emissions

    The company does not have data on this matter.

    Emissions (tCO2e)

    Scope 3 Emissions

    The company does not have data on this matter.

    Emissions (tCO2e)

    7. What percentage of the company's revenue was invested in R&D of low-carbon products/services during this reporting period?

    Percent of revenue (%)

    8. Has the organization acted to support climate change adaptation and resilience?

    Energy / Resource Use

    9. Please report the company's renewable energy consumption as a percentage of total energy consumption in the reporting period.

    % of total energy consumption

    0

    Technology

    10. What percent of the company's revenue came from environmentally friendly products / services during this reporting period?

    Percent of total revenue (%)

    90
    As a media company, Investor Media Group's main revenue comes from producing news and TV shows via its diverse portfolio of radio and TV channels and its digital and print media. The news and entertainment content of the media group is produced according to all environmental standards. The revenue of the company is based mainly on advertisements on the media platforms, most of which are environmentally friendly.

    Sector-specific Questions

    11. Which sector(s) does the company operate in? If diversified, choose top 3 by revenue.

    Overall Environment

    21. Briefly describe practical actions the company has taken during the reporting period and/or plans to take to implement the environment principles, including any challenges faced and actions taken towards prevention and/or remediation.

    Investor Media Group and its employees follow the practices related to environmental protection, which are part of the model of socially responsible business developed by the company. Part of the company's environmentally responsible policy is the practice of separate collection and recycling of materials used in production - paper, plastic, metal, etc. Investor Media Group and the Higher School of Insurance and Finance (VUZF), which is part of the media group, are among the founders of the first and only in Bulgaria think-tank for sustainable finance and energy - Green Finance & Energy Center. The center works as a venue for dialogue, public debate and policies in the areas of sustainable finance and energy and will provide good practices in the field that lead to concrete decisions. As a media company Investor Media Group places special focus on covering all environmental topics, regarding ESG practices and climate change. In November 2021 Bloomberg TV Bulgaria, which is part of Investor Media Group, started the specialised TV rubric Made In Green, which is focused on the way climate change affects different industries, their economic turnout and the problems and solutions at the global level. In April 2022 the leading economic web media of Investor Media Group - Investor.bg, also made a significant step towards providing all relevant and important information regarding the eco and environment topics on the website.
  • Anti-corruption

    Commitment

    1. Does the company have an anti-corruption compliance programme?

    2022

    2. Does your company have policies and recommendations for employees on how to act in case of doubt and/or in situations that may represent a conflict of interest, e.g. with regard to gifts and hospitality, donations, sponsorship, or interactions with public officials?

    Prevention

    3. Who receives training on anti-corruption and integrity?

    3.1. How often is such training provided?

    One time only

    Every year

    Every two or more years

    We do not collect this data

    All employees

    Select employees

    Contractors

    Direct suppliers of the organization

    Other – such as partners, clients, etc.

    Indirect suppliers of the organization

    4. Does the company monitor its anti-corruption compliance programme?

    Response and Reporting

    5. Please report the company's total number and nature of incidents of corruption during the reporting year.

    Number of incident(s)

    Unknown

    Choose to not disclose

    Confirmed during the current year, but related to previous years

    0
    There are none incidents of corruption.

    Confirmed during the current year, and related to this year

    0
    There are none incidents of corruption.

    6. Within the reporting period, what measures has the company taken to address suspected incidents of corruption independently or in response to a dispute or investigation by a government regulator?

    7. Does your company engage in Collective Action against corruption?

    In accordance with the UN Convention against Corruption, to which the Republic of Bulgaria has been a party since 2006, Investor Media Group opposes all forms of corrupt practices, both in the company and in society. Intolerance and counteraction to corrupt practices is the responsibility of every employee. There are policies regarding business partners and suppliers to comply with anti-corruption principles.

    8. Briefly describe practical actions the company has taken during the reporting period and/or plans to take to implement the anti-corruption principle, including any challenges faced and actions taken towards prevention and/or remediation.

    Investor Media Group publishes regularly information about donations, sponsorships or initiatives on its corporate website, internal newsletter and social networks of the media, part of the Investor Media Group. In pursuance of its anti-corruption policies, Investor Media Group implements the following specific actions: - Raising employee awareness of the company's zero-tolerance policies on corruption, bribery and extortion. - Compliance with precise and transparent donation regulations. Failure to provide donations to political parties. - Strict accounting, which is subject to internal and external audit control.