Materiality
Stakeholder engagement
The Corporate Policy for Institutional Relations of the Nueva Pescanova Group aims to establish and develop a framework for Institutional Relations with our stakeholders based on collaboration, transparency, engagement, and two-way communication capable of continuously building trust. These relationships are based on solid principles of business ethics and institutional integrity, equal treatment, non-discrimination, and active listening, to acknowledge stakeholders’ legitimate interests and expectations, and effectively communicate information on the activities and businesses of the Nueva Pescanova Group.
Based on these principles, we designed our Stakeholder Relationship Management plan, recognizing that it is an essential matter to guide, among others, our materiality and transparency strategies, helping us to ensure a responsible and sustainable business model.
We want to continue promoting the involvement of our stakeholders in the creation of shared value by the companies of the Nueva Pescanova Group, in response to their legitimate interests and expectations, to build trust and consolidate the Group’s corporate reputation, as well as to strengthen involvement with our partner communities, promoting their sustainable development.
Materiality analysis
We want to align our Corporate Social Responsibility (CSR) strategy in the Nueva Pescanova Group, with the priorities expressed by our stakeholders by conducting a materiality analysis. The materiality exercise helps us to identify the most relevant and priority actions to be implemented by the Group’s companies in the different business areas.
We have followed a standardized methodology proposed by the Global Reporting Initiative (GRI) for the definition of relevant aspects, consultation of internal and external stakeholders, prioritization and identification of material aspects and their validation.
Based on the 4 pillars of our CSR strategy (Planet, People, Product and Communities), embraced by Ethics, integrity, and regulatory compliance, we have identified 27 relevant aspects.
From the prioritization survey, 13 material aspects have been identified, highlighting 4 for their relevance: Responsible (ET3) and sustainable (PL4) fishing and aquaculture are essential elements in the development of the Group’s main productive activities, food safety and quality (PR1) in the transformation and supply of our food products to society, are requirements that we place on every link in our value chain from the fishing and aquaculture sources, to the markets, and the safety and health of our workers (PE3) are the basis that allows us to offer sound labour relations to our more than 11,000 employees.
Aligned with the objectives of the study, we have proposed action plans to be promoted by the different business areas and Group departments and to be incorporated into the 2023-2024 CSR plan. The implementation of specific measures in these plans will be monitored for verification or assurance of compliance by the programs implemented by the CSR and Sustainability Departments, in clear alignment with the Group’s Strategic Plan 2020-2024 ‘Journey to Growth’.
To know in detail the results of the materiality study, download HERE the 2023 Materiality Analysis report of the Nueva Pescanova Group.
To revisit previous materiality analyses:
Relevance and materiality matrix with the assessment of relevant topics and material issues (those of the highest relevance, underlined in the legend box) resulting from the prioritization analysis based on the consultation with stakeholders:
