|By Business Wire||
|April 22, 2014 04:16 AM EDT||
Millicom (Stockholmsbörsen: MIC) today published its 2013 Corporate Responsibility (CR) report, outlining its non-financial performance in 2013.
The Report focuses on three areas: engagement with customers and the contribution to our communities, Millicom as an employer and the company’s integration of responsible business practices in its everyday operations.
Millicom’s 2013 CR report is the company’s second Corporate Responsibility report that aligns to the leading non-financial reporting framework, the Global Reporting Initiative (GRI). The report makes use of the GRI’s new G4 guidelines, which emphasise transparency on material non-financial aspects featuring the issues that the main stakeholders consider as most significant and which have been defined internally as most important to the successful execution of the company strategy.
Commenting on the report, Millicom’s President and CEO, Hans-Holger Albrecht said: “As Millicom is rapidly transforming its business, it is very important for us to support and measure the health of our organisation also in non-financial terms and demonstrate to stakeholders our commitment to responsible business. As ever, we will continue to demand more from ourselves whether it is for social impact with digital tools through The Millicom Foundation or the corporate behaviour performance targets we set for ourselves in all core areas of CR.”
The 2013 report includes for the first time disclosures relating to how Millicom makes its products and services accessible to customers in the ‘bottom of the pyramid’, how the company interacts and listens to its customers as well as more transparency on tax policies and payments. The report provides more detail on non-financial information on Millicom’s workforce, anti-corruption compliance programme, progress against existing targets and new targets for the future.
Advances in the quality of environmental data collection and actions such as increased site sharing and use of deep cycle batteries and equipment upgrades contributed to a reduction of 25% of CO2 emissions per base station year-on-year. Results also showed that Millicom has further increased local employment, with 99% of Millicom’s 11,500 plus employees locally recruited in 2013. Millicom’s diverse workforce includes 76 nationalities.
Including donations, in-kind giving and management overheads, Millicom contributed over $12 million across its markets through its social impact projects, which now are managed under The Millicom Foundation.
The full CR Report can be downloaded on the Millicom website at millicom.com (http://www.millicom.com/our-responsibility/cr-reports-and-publications/)
Millicom is a leading international telecommunications and media company dedicated to emerging markets in Latin America and Africa. Millicom sets the pace when it comes to providing digital lifestyle services to the world’s emerging markets, giving access to the world, primarily through mobile devices. Operating in 15 countries, Millicom offers innovative and customer-centric products. Millicom employs more than 10,000 people and provides mobile, cable, broadband, TV content, online and financial services to over 50 million customers. Founded in 1990, Millicom is headquartered in Luxembourg and listed on NASDAQ OMX Stockholm under the symbol MIC. In 2013 Millicom generated revenue of $5.16 billion and EBITDA of $1.9 billion.
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