Integrated Report

In 2020, LIPOR has decided to publish an Integrated Report, which reports its activities during the calendar year of 2019, from 1st January to 31st December 2019.

This document derives from an evolutionary process, following the annual publishing of a Sustainability Report and a Report and Accounts for 16 consecutive years.

The Integrated Report 2019 reflects LIPOR’s adaptation to new trends in financial and non-financial data reporting. The document presents the Organisation’s Strategy, Business Model and approach, its performance and evolution regarding Financial, Manufactured, Natural, Human, Intellectual, and Social and Relationship Capitals. It also presents an analysis of the risks and opportunities associated with the Organisation’s activities. Information on Governance, Financial Statements and the Performance of key Sustainability dimensions is also disclosed.

Integrating succinct information, focused on strategy and performance, the Integrated Report 2019 aims to show how the Organisation promotes a sustainable resource management and the creation of shared value. In this context, the Integrated Report 2019 reinforces our commitment to Transparency and Stakeholder Engagement, being particularly addressed to Stakeholders.

This document has been drawn up according to the guidelines of the International Integrated Reporting Council (IIRC), and, as far as Sustainability is concerned, according to the guidelines issued by the Global Reporting Initiative (GRI), an international standard on sustainability reporting. The Report has been prepared in accordance with the GRI Standards: Core option. Information regarding the GRI contents can be found in the Table on page 157 of this report. The Financial Statements were drawn up according to the International Financial Reporting Standards (IFRS), as implemented in the European Union. According to the best practices and to ensure data reliability and veracity, information regarding sustainability reported in LIPOR’s Integrated Report 2019 was properly subjected to independent external assurance by Ernst & Young Audit & Associados - Sroc S.A., having the Board of Directors received the External Assurance Statement and the AA1000APS (2018) Standard Licence, as stated on page 173 of this report.

The "infinity” was the inspiring theme for the design of LIPOR’s first Integrated Report. The "infinity” has an open form, as does LIPOR’s work, which is constantly evolving, as well as the renewal and recovery of raw materials, and everything surrounding its activities. LIPOR doesn’t stop, it is a very dynamic Organisation.

This Report is alive!

Aiming to offer a more interactive document, we devised an Augmented Reality solution to communicate the Reporting information. The full Report is only available in digital version.

The Report and its annexes are available in Portuguese and English.

Integrated Report 2019