12/03/2010 00:25
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Sustainable Development
Value creation

Italcementi Group main economic goals are long term profitability and growth. These goals are pursued through:

  • external development
  • industrial investments
  • product innovation.

Economic and financial flows benefit not only the Group and its investors, but all the stakeholders involved by the Group activities as shown in the table hereunder:  

Economic and financial flows

Stakeholders

2007

2008

Purchase and capital expenditure

Suppliers

4,305

4,475

Labour cost

Employees

953

939

Equity investments

Other companies and individuals

373

253

Income tax paid and other taxes

States and local authorities

457

300

Dividends

Shareholders

176

171

Net financial charges

Financial creditors

119

87


Customers 
Group revenues totalled € 5,775.6 million in 2008, down 3.8%. The 3.8% decrease with respect to 2007 arose from a negative consolidation effect and a negative exchange-rate effect.

Suppliers
In 2008 Italcementi Group spent € 2,420.0 million on raw materials, fuels, utilities and other goods.
The increase was due to the higher cost of energy products such as fuels and electrical power. In addition, in 2008 € 1,327.0 million were recorded in services.

Personnel

At the end of 2008 the Group employed 22,243. Employee expenses decreased by 1.5%.
Italcementi Group’s benefit plans are valued according to IAS19 and include: post-employment pension benefits; post-employment medical plans; other long term benefits and termination benefits.

Shareholders
At the end of 2008, the share capital of Italcementi SpA was € 282,548,942 divided into 282,548,942 shares, about 62.7% were ordinary shares and 37.3% savings shares.
The Group’s net shareholder equity was € 3,324.8 million.

Communities
In 2008, the Group earmarked more than € 5.9 million in support the communities. The “Fondazione Italcementi Cavaliere del Lavoro Carlo Pesenti” support raised more than € 2.5 million for humanitarian porjects.


Additional information is available in the sdReport
.

SD reporting
sd Report
sd Vision

Targets Table
GRI guidelines correspondance
Ernst & Young certification
Downloads
Charter of Values
Environment Policy
Safety Policy
Agenda for Action
Useful links
Italcementi Group at a glance
Learning about
WBCSD
CSI
ILO
GRI G3 GUIDELINES
OECD GUIDELINES
SA 8000
 
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Italcementi - Via Camozzi, 124 - 24121 Bergamo, Italy - Tel. +39 035 396 111

 
Last update 03/07/2009 16:04:10