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GRI 201: Economic Perfomance

Management Approach

Global megatrends such as resource scarcity or climate change are key factors that have helped to ensure that the relevance of Interseroh’s service portfolio has risen steadily over the last few years. The UN Environmental Programme UNEP estimates that some 90 billion tonnes of raw materials are consumed globally. This means that consumption has nearly quadrupled since 1970, when around 22 billion tonnes of raw materials were used. Yet resources are limited and raw materials are becoming scarcer and more expensive. Solutions for improving resource efficiency and for closed-loop management are therefore increasingly in demand.

Interseroh is steadily expanding its business model to meet these needs. The company has therefore set itself the goal of closing new loops for its customers at the level of products, materials and logistics. Interseroh's sustainability efforts aim to save at least 5.5 million tonnes of resources and approximately 800,000 tonnes of greenhouse gases every year. Both of these goals were achieved in 2018 (see programme under GRI 102-18: Governance structure).

To ensure these goals can be met in the future, the sustainable orientation of internal processes is relevant. This includes the continuous reduction of our own ecological footprint (see GRI 305: Emissions), increasing our attractiveness as an employer (see GRI 401: Employment) and raising society's awareness of the concept of the closed-loop economy (see GRI 102-12: Initiatives and GRI: 102-13: Associations).

201-1: Direct economic value generated and distributed

In 2018, Interseroh posted revenue of 739.2 million euros, representing a substantial year-on-year growth of 43.4 percent. Personnel costs rose to 74.8 million euros (2017: 68.1 million euros) over the same period. The total cost of the staff pension scheme in 2017 was approximately 90,000 euros. In 2018, this fell to just under 72,000 euros as a result of contract terminations and retirements by employees. The overall profit declined by 67.8 percent year-on-year to 6.7 million euros. This is mainly due to the increase in revenue at the expense of earnings from the Dual System Interseroh (DSI).

Direct economic value generated and distributed (in Mio. €)
 201620172018
Revenue491.8515.6739.2
Personnel expenses71.268.174.8
Profit (EBT)27.320.76.7

201-2: Financial implications and other risks and opportunities due to climate change

Climate change is one of the greatest challenges of our time. By setting itself the task of conserving resources and avoiding wastage, Interseroh also helps to cut CO2 emissions. The company exerts its greatest influence through the services and solutions that it develops for customers. Thanks to Interseroh's recycling activities, 834,129 tonnes of greenhouse gases were avoided in 2017.

Since many services provided by Interseroh target the growing demand for low-emission products and processes, this represents an opportunity to expand the company’s business. Interseroh uses scientific reports and certificates based on this research to ensure that savings related to emissions and resources are transparent for the customer. The trend towards more resource conservation andCO2 savings is also reflected in recent regulatory changes such as the EU plastics strategy, the new German Packaging Act and the WEEE amendment on the taking back of waste electrical equipment.

While Interseroh’s business is not directly impacted by the negative effects of climate change, sites could be affected by isolated regulatory measures such as energy-oriented refurbishment initiatives. The consequences of these opportunities and risks have not been quantified to date.