Congratulations to Z Energy, which has just released an annual report detailing environmental, social and economic performance as part of the Global Reporting Initiative.
This year Z is taking its commitment to sharing everything it does to the next level, by producing an annual report using an international sustainability reporting framework – the Global Reporting Initiative (GRI). It’s all part of Z’s commitment to sustainability, transparency and best practice reporting.
The beautifully-designed, easy-to-read report provides detailed information in the following core areas, representing the main interests of Z’s stakeholder base: Community, Sustainability, Financials and Health & Safety.
Gerri Ward, Sustainability Manager at Z Energy, says that having recently listed, the report is a big step in effective engagement with the company’s stakeholders. “The fact we chose to adopt the GRI framework for our annual report is evidence of how integral sustainability is to all levels of Z’s operations,” she says.
“Two of our founding organisational values are ‘share everything’ and ‘be straight up’ and sustainability underlies both of those values.
“We’ve been amazed at how smoothly the process has gone. The GRI framework is a fairly conversational way of reporting, which aligns well with Z as a fairly informal organisation, so we’re well suited to this style of reporting.”
Gerri says that one of the most gratifying aspects of the report was the way it highlighted Z’s strong internal performance. “We’re a values-based business so we rate very well on measures of internal performance, which is something we don’t tend to shout about from the rooftops. That includes the way we treat our staff, employee turnover, and return to work rates after parental leave. The GRI report gave us a framework to tell that internal story.
“The other section of the report that was a highlight for me focused on how our corporate staff relate to sustainability. We asked corporate staff about how committed they are to sustainability at home and the results showed that 100 of them recycle all the time; 72 get to work by foot, bike, public, transport or carpool; 86 use energy-saving light bulbs at home; 60 never use disposable coffee cups; 77 take reusable bags to the supermarket; 55 have their own garden at home growing fruit or veg; and 38 volunteer their time outside work. Figures like that help our stakeholders see our business as real people.”
Z Energy is one of only about 30 companies in New Zealand undertaking reporting under the GRI framework so far.
Some of our favourite facts and figures from the report include:
- Z’s employee engagement (the level of emotional commitment an employee has to the organisation) increased to 78 per cent – a nine per cent increase from the previous financial year.
- Z has contributed more than $3 million to neighbourhood groups and projects since 2012 through the ‘Good in the Hood’ initiative (customers can choose which neighbourhood groups are supported).
- Out of 114 people who responded to the survey in the corporate team, 72 travel to work by foot, bike, public transport or car pool.
- Waste to landfill from retail operations has been reduced by 65 per cent since 2012.
- Sixty per cent of the water used in car washes is recycled.
Read the full report here: https://z.co.nz/assets/investor-centre/Annual-Report-2015INTERACTIVE-new.pdf