SOCIAL RESPONSABILITY
AND SUSTAINABILITY
REPORT
2018
62
COMMITMENT TO TRANSPARENCY
AND ACCESSIBILITY OF
INFORMATION
Our commitment to transparency and accessibility
of information vis a vis our stakeholders is what
drives the constant evolution and progress of PRISA’s
Communication and Sustainability Report.
In 2016, we reviewed and updated our materiality
matrix to incorporate, into 2017’s Report, the Sustainable
Development Goals in order to align these
with our own material issues – with a view to better
measuring the impact of our organization and
its activities on Agenda 2030. This has involved a
thorough analysis of our map of stakeholders, as
well as the communication channels we use to interact
with them. And this analysis is ongoing as
part of a strategic process of fostering the integration
of these goals into the management model as
well as measuring the evolution of the identified
indicators.
Ever attentive to new trends, and in anticipation
of the implementation of the new Sustainability
Reporting Standards (SRS) for GRI (Global Reporting
Initiative), this year we have analyzed the
existing gap with our previous report, carried out
using GRI-G4 version, and have decided to write
this Annual Sustainability Report 2018 in accor-
dance with the new SRS GRI-indicators, ahead of
its mandatory deployment.
Meanwhile, in 2017 the Spanish Government approved
a bill (Royal Decree 18/2017) amending the
Trade Bill (Código de Comercio), and the Capital
Companies Bill (Ley de Sociedad de Capital) and
Accounts Auditing Act (Ley de Auditoría de Cuentas)
in the areas of the disclosure of non-financial
information and diversity, with the aim of improving
sustainability and increasing investor confidence
in listed companies. This effectively translates into
the obligation to integrate the Management Report
(financial information) and Sustainability Report
(non-financial information) at the very least with regard
to material issues. To meet this new requirement,
we have made an extra effort to single out
those material indicators of non-financial information
and incorporate them into the Management
Report. And we have adapted the preparation of
this Sustainability and CSR Report to the calendar
for Accounting and the approval of the accounts
by the Board, effectively giving both reports equal
status. We thus comply with this new requirement
and rise to the challenge of moving forward in the
progressive integration of the contents of the two
reports over the coming years. These advances
also help us meet the requirements and recommendations
of the CNMV Code of Good Gover-
nance and we can confidently state that, once
again, PRISA’s disclosure and reporting of non-financial
information is at the forefront of major international
standards.
COMMITMENT TO CORPORATE
GOVERNANCE
PRISA continues to strengthen its compliance
structure through its Compliance Unit. In 2017,
it has redoubled its work of supervising the ope-
ration and enforcement of the Group’s criminal
prevention model and the promotion of ethical
behavior among employees. Furthermore, it also
oversees compliance with the legislation applicable
to the Group’s activities and the internal rules
of the organization.
PRISA’s Compliance Unit is made up of the Secretary
General, the Director of Internal Audit and
the Director of Human Resources. The Complian-
ce Unit reports to the Audit Committee of PRISA.
Other compliance units have been created at Santillana,
PRISA Noticias, PRISA Radio, PRISA Brand
Solutions and Media Capital, which together oversee
all companies making up their respective business
units.
One of the pillars of our corporate governance is
the Code of Ethics, which was revised and updated
in 2016. This code, mandatory across the
entire Group, sets out and defines appropriate
conduct that makes our company a world leader