Annual Report 2014

Reporting description and boundary

The data is reported on an annual basis, and the reporting period runs from January 1 to December 31. We report the key indicators of the corporate responsibility areas to the Board of Directors twice a year. We report on corporate responsibility through our website, annual report and corporate responsibility report.

Unless otherwise mentioned, the reporting covers all operations of our parent company and subsidiaries. It also covers all Group functions in all countries of operation. The reporting does not include the operations of subcontractors or affiliated companies. The coverage of the indicators is reported in conjunction with the indicators.

Although we aim for global examination of corporate responsibility, our universal service obligation causes our role in society to be more essential in Finland than in our other countries of operation. For this reason, we have made social responsibility a separate area of responsibility. We mainly report on social responsibility in Finland.

The information on personnel is primarily included in GRI reporting in Finland. With regard to personnel, we have calculated the key indicators in accordance with the Accounting Standards Board’s general guidelines on annual reports.

Since 2009, our environmental reporting has covered all of our countries of operation. The indicators for environmental responsibility cover our operations with the greatest environmental impact in all of our countries of operation. In Finland, the environmental calculations also include the environmental impact of subcontracted transport.

Carbon-dioxide emissions cover all of Posti’s business operations. The key standards applied in our environmental calculations are:

  • The WBCSD (World Business Council for Sustainable Development) Greenhouse Gas Protocol, and
  • The GHG Inventory Standard for the Postal Sector, which includes more detailed instructions for the postal industry.

The data and indicators for financial responsibility are obtained from the consolidated financial statements, prepared in accordance with the IFRS standards approved by the European Union. The consolidated financial statements are prepared in compliance with the IAS and IFRS standards valid on December 31, 2014, and the related SIC standards and IFRIC interpretations. The notes to the consolidated financial statements are prepared in compliance with Finnish accounting and corporate legislation.

As an issuer of two publicly listed bonds, we are obliged to disclose periodic information to a limited extent. Our duty of disclosure is based on the Finnish Securities Market Act and the rules and regulations of NASDAQ OMX Helsinki Ltd. A more detailed description of our financial communications policy is available on our website at www.posti.com/financials. In connection with our financial statements, we also publish our Corporate Governance Statement, referred to in Recommendation 54 of the Finnish Corporate Governance Code of the Securities Market Association.