Scope 1 Emissions
2022 Communication on Progress
Investor Media Group
Published date
July 15, 2022
No. of questions
62
Supplemental files
CEO Statement
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?
3. Does the company have in place a code of conduct regarding each of the following sustainability topics?
4. Has the company appointed an individual or group responsible for each of the following sustainability topics?
5. Does the company have a formal structure(s) (such as a cross-functional committee) to address each of the following sustainability topics?
Prevention
6. Does the company have a process or processes to assess risk?
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?
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.
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?
Lessons
10. How does the company capture lessons regarding each of the following sustainability topics?
Executive Pay
11. Is executive pay linked to performance on one or more of the following sustainability topics?
Board Composition
12. Percentage of individuals within the company’s Board / highest governance body by:
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?
2.1. For each human rights policy, is it:
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?
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?
5. Who receives training for the following human rights issues?
6. How does the company assess progress in preventing/mitigating the risks/impacts associated with the following human rights issues?
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)?
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?
1.1. For each labour rights policy, is it:
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?
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?
4. Who receives training for the following labour rights issues?
5. How does the company assess progress in preventing/mitigating the risks/impacts associated with the following labour rights issues?
Performance
6. What is the percentage of employees covered under collective bargaining agreements?
Optional commentInvestor 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?
8. In the course of the reporting period, what was the percentage of women in:
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?
10. In the course of the reporting period, how frequently were workers injured (injuries per hour worked)?
11. In the course of the reporting period, what was the company’s incident rate?
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?
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?
1.1. For each environmental policy, is it:
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?
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?
4. How does the company assess progress in preventing/mitigating the risks/impacts associated with the following environmental topics?
4.1. For each environmental topic in which the company sets timebound goals / targets, what kind of targets has the company set?
4.2. For each environmental topic in which the company sets timebound goals / targets, how is progress against target / goal tracked?
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)?
Climate Action
6. What were the company’s gross global greenhouse gas emissions for the reporting period?
Scope 2 Emissions
Scope 3 Emissions
7. What percentage of the company's revenue was invested in R&D of low-carbon products/services during this reporting period?
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.
Technology
10. What percent of the company's revenue came from environmentally friendly products / services during this reporting period?
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?
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?
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.
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?
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.