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Social capital

Intellectual capital Value creation model and relations among capitals
Social capital Social capital

TAURON Group’s social capital is based on developing mutual relations both within the organization as well as towards the external environment (stakeholders). The foundation for developing such relationships is TAURON Group’s Strategy, and the main principles are described in TAURON Group’s Corporate Social Responsibility Code of Conduct.

Social dialogue, that is related to both the existing production assets as well as the implementation of new investment projects, plays an important role in developing social capital. TAURON Group is conducting a good neighbor policy, under which it aims to improve the living conditions of local communities and cooperates with local government authorities. The Group is also involved in a number of undertakings for the benefit of the stakeholders, such as charity and education activities, cooperation with academic centers, employee volunteering and providing support for many important sports and cultural events.

The Group’s involvement in climate protection and counteracting climate change is playing an increasingly important role in the development of social capital. The response to social challenges in this respect are TAURON Group’s Climate Policy and TAURON Group’s Environmental Policy.

An important element shaping the social capital of TAURON Group in the coronavirus era were activities aimed at developing the safety culture – understood as the continuous engraining of knowledge, shaping attitudes and teaching how to behave in practice in a given situation.

The Group was involved in a number of educational campaigns addressed to both employees as well as local communities. In 2020, there were also projects aimed at minimizing the social effects of the coronavirus pandemic and supporting the fight against it.

Key data on TAURON Capital Group’s social capital in 2020

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Key data
  • TAURON Group’s Corporate Social Responsibility Code of Conduct;
  • Developing ethical culture and compliance management among employees;
  • Building lasting relationships and active dialogue with the stakeholders;
  • Cooperation with responsible suppliers in accordance with the principles of the Code of Conduct for Contractors (Counterparties) of TAURON Group’s Subsidiaries;
  • Implemented and applied: TAURON Group’s Diversity Policy and Respect for Human Rights Policy;
  • Continuous promotion of an occupational safety culture;
  • Engaging employees in the company’s development through special events;
  • Personnel education and development;
  • Implemented and applied TAURON Group’s PRO Customer Social Policy
  • Implemented and applied Personal Data Protection Policy for TAURON Group’s entities;
  • Support for local initiatives through TAURON Foundation;
  • Initiatives related to counteracting COVID-19.

TAURON Group’s management of return on the capital is performed, first and foremost, through:

  • promoting the compliance culture, which in combination with TAURON Group’s Competence Model, motivates employees to achieve business goals in accordance with the law, internal and intra-corporate regulations, and ethics,
  • shaping the work environment based on respect, openness, integrity and justice, and respect for human work through the implementation and application of specific principles of conduct (including, inter alia, Diversity Policy, TAURON Group’s Policy of compliance with the Principles of Ethics and counteracting Mobbing and Discrimination, Policy of Respect for Human Rights),
  • developing a Work Health and Safety (WHS) culture at all of TAURON Group’s subsidiaries
  • developing the Purchasing Organization Support System called TAURON Group’s Purchasing Platform,
  • active cooperation with trade unions,
  • Social Dialogue Ombudsman’s activities,
  • developing procedures for the protection of personal data,
  • activities seeking to achieve total transparency of the practices applied in relations with customers implemented as part of PRO Customer Social Policy;
  • undertaking initiatives aimed at combating the spread of the COVID-19 pandemic.

Results achieved as part of TAURON Capital Group’s management of social capital in 2018-2020

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Results achieved
Number of meetings with trade union organizations functioning at the Group’s subsidiaries 334 329 249
Percentage of employees covered by collective bargaining agreements 95.6 % 95.7% 93.9%
Occupational accident frequency rate 8.3 7.8 7.7
New key and consolidated categories, in which particular importance is attached to financial optimization of the purchasing As part of the business operations conducted,

as required

As part of the business operations conducted,

as required

As part of the business operations conducted,

as required

Regular meetings with local communities to provide information on the business operations conducted and its impact on the residents As part of the business operations conducted As part of the business operations conducted As part of the business operations conducted
Number of local and pro-social initiatives that TAURON Foundation has joined
Number of corporate social responsibility projects implemented 18 11 9
Number of cases of non-compliance and complaints regarding products and services of TAURON Capital Group with respect to providing information 0 0
Number of COVID-19 counteracting initiatives implemented for employees and communities 11