The outside-in perspective for the Company Inside-out perspectiv on the Environment and Society Risks Opportunities Negative impacts Positive impacts EMPLOYEES AND SOCIETY pillar 1 Employees • Labor market volatility caused by the aging of the active workforce at the national level • Difficulty in finding new talent due to the migration of young people abroad • Improving company performance by ensuring a work environment that supports employee wellbeing • Raising internal stakeholder awareness about diversity and equal opportunities for all • Building team loyalty and ensuring business stability • Ensuring business stability leads to continuity and the development of new partnerships for projects and sustainability initiatives • Well-trained employees contribute to business success; therefore, we not only organize training courses for new hires but also invest in the professional development of existing employees and in leadership skills for those in management positions • With over 7 000 employees, any violation of human rights would have a very strong negative impact; therefore, we have policies in place to ensure that human rights are respected within the Group, PENNY Romania, and our value chain • Working in the food retail sector can have negative health effects, such as physical strain from repetitive tasks, exposure to allergens, and mental stress caused by customer demands and long working hours; we allocate resources to properly manage this material aspect • Through training and well-being programs, we provide opportunities for professional and personal development while setting a higher industry standard that benefits the entire workforce • Improving quality of life, both directly for employees and by promoting a responsible employer model that can be adopted by other employers • We comply with local labor laws and implement programs to ensure proper working conditions and mitigate potential negative effects • Providing equal opportunities for all, regardless of age, gender, nationality, or other personal characteristics, while encouraging diversity • Employees who are part of a company that supports employee well-being are more willing to engage in volunteer activities that have a positive impact on society 2 Social involvement • New partnerships with associations or institutions can negatively affect the company’s image if project management or implementation is not carried out responsibly; we mitigate this risk by collaborating with reputable organizations and those with which we have long-term partnerships • Pressure from certain stakeholders to invest in local infrastructure projects (considering PENNY’s positioning on regionality and locality) • Allocation of significant resources for workforce training initiatives without being able to benefit from a qualified workforce once the initiatives are completed • Enhancing the company’s image and reputation • Contributing to the stability and development of our business by ensuring a high level of well-being in the communities where we operate • Increasing the company’s visibility • Establishing long-term partnerships with reputable associations • Identifying specific needs of local communities and developing targeted projects • Investing in building a skilled workforce through dual education programs (with potential to expand the team) • Inefficient management of this material aspect or lack of private sector involvement in such initiatives creates a business environment that does not support improving environmental and social quality • Inefficient management of this material aspect or lack of private sector involvement in such initiatives delays the sustainable development of local communities • Inefficient management of this material aspect or lack of private sector involvement in such initiatives can lead to continued trends of increasing school dropout rates • Improving quality of life for vulnerable social groups • Contributing to the continuity of NGOs dedicated to social causes • Through our involvement in social projects internally and externally, we contribute to the economic well-being of community stakeholders • With CSR projects launched in the community (internal and external), especially those related to environmental awareness (but not limited to these), we contribute directly or indirectly to reducing environmental impact in local communities • Contributing to improving living conditions in local communities, especially disadvantaged ones • Promoting the concept of resilient and healthy communities • Contributing to systemic transformation of educational institutions and teaching methods focused on future skills, thus developing better-educated and qualified future generations for the labor market • Supporting disadvantaged social groups by ensuring access to education MESSAGE FROM THE GENERAL MANAGEMENT SUSTAINABILITY STRATEGY AND GOVERNANCE ABOUT US AND OUR VALUE CHAIN ABOUT THE REPORT THE FUTURE IS MADE TODAY SUSTAINABILITY MILESTONES SUSTAINABILITY REPORT PENNY ROMANIA 2024 52/276
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