05 Jun

LIPOR publishes Integrated Report 2019

LIPOR publishes, in 2020, its Integrated Report, which reports its activities during the calendar year of 2019, from 1st January to 31st December 2019, reflecting LIPOR’s adaptation to new trends in financial and non-financial data reporting.

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.

The document presents the Organisation’s Strategy, Business Model and its evolution regarding Financial, Manufactured, Natural, Human, Intellectual, and Social and Relationship Capitals. Information on Governance, Financial Statements and the Performance of key Sustainability dimensions is also disclosed.

Regarding to the non-financial results, in 2019 LIPOR recorded a turnover of 40 million euros. Concerning the climate changes, there was a reduction of 21% in greenhouse gas emissions (-84.543 tCO2e), compared to 2006.

LIPOR works for a sustainable future for all citizens, so it is important to highlight the investment of 2.500.000 euros in the community, in the last year.

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 document has been prepared in accordance with the GRI Standards: Core option.

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.

The publication of this important document represents for LIPOR and its associated Municipalities the reinforcement of their commitment to the principles of transparency and Stakeholder engagement, resulting from an evolutionary process, following the annual publishing of a Sustainability Report and a Report and Accounts for 16 consecutive years.

Check the full Integrated Report.

Download: Press Release (327.03 KB)
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