In our second sustainability report, we aim to build upon our inaugural 2021 report by focusing on material topics during the 2022 calendar year. We also provide selected data for the previous three years, namely 2019, 2020, and 2021. Our aim is to develop pragmatic and ambitious long-term objectives by analyzing historical trends. The past few years’ data will also provide context for certain results that may have been impacted by the global pandemic from 2020 to 2022. For this second edition, our report boundaries include entities in which Neo held a controlling interest before 2022. We particularly emphasize environmental data for our five largest plants.
Sustainability Accounting Standards Board
SASB facilitates the connection between businesses and investors regarding the financial effects of sustainability. By utilizing SASB Standards, companies worldwide can identify, manage, and communicate financially relevant sustainability information to investors. These standards are industry-specific and are designed to be useful for investors as well as cost-effective for companies. The development process of these standards is evidence-based and informed by market research.
Global Reporting Initiative GRI
Standards are a set of guidelines for sustainability reporting created by the Global Reporting Initiative. These standards offer a comprehensive structure for reporting on environmental, social, and governance (ESG) performance, encompassing areas such as climate change, labor practices, human rights, and anti-corruption measures. In this 2nd sustainability report, Neo is incorporating GRI reporting standards along with SASB standards.