9.1.DIA’s social dimensión
DIA is committed to economic progress and environmental conservation in its business communities. As a socially-committed organisation, the company has a formal corporate social responsibility policy, which was amended by the Board of Directors on 11 December 2015 in line with prevailing Spanish corporate governance recommendations.
Based on DIA”s five defining values (efficiency, initiative, respect, teamwork and customer-orientation), the CSR policy serves as the framework for all of the group”s members and companies in the following areas: responsible management; commitment to people and stakeholders; quality and price positioning; the franchises; and care for the environment.
The amendments recently introduced to DIA”s CSR policy have the effect of increasing the number of basic principles underpinning its profitable growth proposition and its commitment to the community and its natural surroundings from eight to 10. The new principles refer to the promotion of best practices on the corporate governance front, the promotion of good practices in terms of responsible purchasing and healthy eating, support for gender equality and facilitation of work-life balance.
DIA’S CSR Principles
The CSR policy seeks to integrate these principles into the group’s management system establishing the responsibilities and channels for programming, monitoring and continually fine-tuning the various initiatives undertaken to meet stakeholder expectations.
Building from this general policy, DIA has begun to draft and approve the corporate policies governing its relations with its stakeholders: Investor Relations Policy, Tax Policy, Risk Management Policy and Environmental Policy, each of which was published on the company”s website in 2015.
As a result of its transparency and reporting effort on the corporate social responsibility front, the DIA Group was admitted to the FTSE4Good sustainable investing index in December 2015.
DIA”s performance in the social responsibility arena in 2015 also pushed it up to third place in the retailing sector on MERCO”s annual ranking, which assesses the 100 best companies in Spain in terms of social responsibility and corporate governance.