GRI Content Index

Disclosure Developments 2021

During 2021, we have carried out an extensive gap analysis for our GRI reporting, in order to make it clearer, more transparent and to assure a higher quality. This resulted in an improved scope and accuracy of our GRI reporting to better reflect our business.


GRI standard Disclosure reference or comment
GRI 101: Foundation 2016
101-1 This report has been prepared in accordance with the GRI Standards: Core Option.GRI Content Index, Sustainability Reporting

General disclosures

GRI standard Disclosure reference or comment
GRI 102: General Disclosures 2016
102-1 Name of the organisationAdministration Report
102-2 Activities, brands, products, and servicesOur Business, Our Strategy and goals,
How we create value
102-3 Location of headquartersCorporate Governance Report
102-4 Location of operationsOur presence, Administration Report
102-5 Ownership and legal formThe share, Administration Report,
Corporate Governance Report,
Note 19
102-6 Markets servedOur presence, Administration Report,
How we create value
Portfolio Aquisitions, Customers
102-7 Scale of the organisation

Our People in Figures, Our presence, Consolidated income statement, Consolidated balance sheetHow we create value, Assets

102-8 Information on employees and other workersOur People in Figures
102-9 Supply chain Hoistfinance.com
102-10 Significant changes to the organisation and its supply chain 

Milestones 2021Administration Report
Consolidated balance sheet

102-11 Precautionary Principle or approachRisk ManagementReduce climate change business risks
102-12 External initiatives

CEO Comments, Sustainability Reporting,
Sustainability Management,

Forming external collaborations

102-13 Membership of associations


102-14 Statement from senior decision-makerCEO Comments
102-15 Key impacts, risks and opportunities How we create value, Sustainability,
Sustainability Strategy, Risk Management,
Sustainability Reporting
102-16 Values, principles, standards, and norms of behaviour Our business, How we create value, People, Sustainability, Customers, Risk Management, Sustainability Management, Hoistfinance.com
102-17 Mechanisms for advice and concerns about ethics

Sustainability Management People

102-18 Governance structure

Corporate Governance Report,
Sustainability Management

102-19 Delegating authority

Sustainability Management,
Corporate Governance Report

102-20 Executive level responsibility for economic, environmental, and social topics

Sustainability Management

102-22 Composition of highest governance body and its committees

Board of Directors

*Omission 102-22 vi. and vii. due to information unavailable.
102-23 Chair of highest governance body

Board of Directors

102-24 Nominating and selecting the highest governance body

Corporate Governance Report

*Omission 102-24 iv. due to information unavailable.
102-25 Conflicts of Interest 

Robust framework on anti-corruption practices,

Corporate Governance Report

*Omission 102-25 iv. due confidentiality constraints.
102-26 Role of highest governance body in setting purpose, values, and strategy

Corporate Governance Report

102-32 Highest governance body's role in sustainability reporting

Sustainability Reporting

102-33 Communicating critical concerns 

People, Corporate Governance Report

102-34 Nature and total number of critical concerns

Sustainability Reporting

*Omission "nature" reference in
102-34 a. due confidentiality constraints. 
102-35 Remuneration policies

Note 9

102-36 Process for determening remuneration

Note 9

102-37 Stakeholder's involvement in remuneration

Corporate Governance Report

102-40 List of stakeholder groupsHow we create value
102-41 Collective bargaining agreements

People, All employees have full freedom of association. 

*Omission of % due to information unavailable. Continous data collection improvements during 2022. 
102-42 Identifying and selecting stakeholders Hoistfinance.com
102-43 Approach to stakeholder engagementSustainabilty Management, Hoistfinance.com
102-44 Key topics and concerns raised Sustainability Reporting, Hoistfinance.com
102-45 Entities included in the consolidated financial statements 

Note 19

102-46 Defining report content and topic boundaries 

Sustainability Management, Hoistfinance.com

102-47 List of material topicsSustainability Mangement, Hoistfinance.com,
Sustainability Strategy
102-48 Restatements of information

Restatements of base years and measurement

methods are defined in relation to data presented. 

102-49 Changes in reporting 

Sustainability, Sustainability Reporting
102-50 Reporting period

Sustainability Reporting

102-51 Date of Most recent reportSustainability Reporting
102-52 Reporting cycle

Sustainability Reporting, Administration Report

102-53 Contact point for questions regarding the reportSustainability Reporting
102-54 Claims of reporting in accordance with the GRI StandardsGRI Content Index, Sustainability Reporting
102-55 GRI content indexGRI Content Index
102-56 External assurance

Auditor’s report on the statutory
sustainability statement

Management approach

GRI standard Disclosure reference or comment
GRI 103: Management approach 2016
103-1 Explanation of the material topic and its boundary

All areas included in our materiality matrix, which builds on stakeholder dialogues, are more or less material for our organisation as indicated on the axes of the matrix. The impact from our materiality topics occurs internally as well as within our stakeholder interactions. Hoist Finance have direct impact on material topics in terms of customer treatment, employee treatment, and on certain environmental emissions. We also have indirect impact on material topics in terms of our suppliers, and in relation to our societal contribution. The reporting on our material topics is limited to Hoist Finance Group unless otherwise stated.

103-2 The management approach and its components

Hoist Finance aims to manage all material topics through our Corporate Governance Structure. The Corporate Governance Structure is furthermore supported by our Sustainability Governance model. However, we are not there yet in relation to all material topics. However, this work is ongoing and we are constantly developing. For example, in 2021, we implemented continuous evaluation of our sustainability strategy and targets in our Business Review process. 

103-3 Evaluation of the management approach 

The structure of the corporate governance model is evaluated annually, and the sustainability governance model is continuously updated to identify necessary development. We have an internal auditing function in place and our grievance mechanism can be used for monitoring effectiveness of the management approach. Potential results of the evaluation of the management approach, e.g. performance against goals and targets are disclosed in this GRI Content Index. That is also the case for any related adjustments.

Topic-specific disclosures

GRI standardDisclosure reference or comments
GRI 201: Economic Performance 2016

201-1 Direct economic value generated and distributed

Consolidated income statement
201-2 Financial implications and other risks and opportuntites due to climate change 

Risk Management,
Reduce climate change business risks

*Omission 201-2 iii. due to information unavailable.
Continous data collection improvements during 2022. 
201-3 Defined benefit plan obligations and other
retirement plans 
Note 1 (16. Employee benefits)
GRI 202: Market Presence 2016
202-2 Senior management hired from local society

89% of Country Managers in our markets

are hired from the local community.  

GRI 205: Anti-corruption 2016
205-1 Operations assessed for risks related to corruption Risk Management, Robust framework on anti-corruption practices
205-2 Communication and training about anti-corruption
policies and procedures
Sustainability Reporting,
Sustainability Management
205-3 Confirmed incidents of corruption and actions taken 

During 2021, Hoist Finance was

not subject to any warnings or sanctions for compliance breach by any supervisory authority. 

GRI 302: Energy 2016
302-1 Energy consumption within the organisationSustainability Reporting
302-1 g. DEFRA
302-2 Energy intensity

Sustainability Reporting

302-2 c. DEFRA

302-3 Reduction of energy consumptionSustainability Reporting
GRI 305: Emissions 2016Source of emission factors in
all 305 disclosures: DEFRA 
305-1 Direct (Scope 1) GHG emissionsSustainability Reporting, Control approach
305-2 Energy indirect (Scope 2) GHG emissionsSustainability Reporting, Control approach
305-3 Other indirect (Scope 3) GHG emissionsSustainability Reporting
305-4 GHG emissions intensitySustainability Reporting
305-5 Reduction of GHG emissionsSustainability Reporting
GRI 307: Environmental Compliance 2016
307-1 Non-compliance with environmental laws and regulation 

No identified compliance breaches

with environmental laws or regulations.

GRI 308: Supplier environmental assessment 2016
308-1 New suppliers that were screened
using environmental criteria
Sustainability Reporting
GRI 401: Employment 2016
401-1 New employee hires and employee turnoverOur People in Figures
*Omission: region due to not applicable. Gender and age more relevant. 
401-3 Parental leaveOur People in Figures
*Omission 401-3 c-e due information unavailable.  Continous data collection improvements during 2022. 
Employment 403: Occupational health and safety 2018
403-2 Hazard identification, risk assessment, and incident investigation

Risk Management, People

Sustainability Management

403-9 Work-related injuriesOur People in Figures
*Omission: Only a. iii. included because of not apllicable: iii. is most relevant for organization. 
GRI 404: Training and education 2016
404-1 Average hours of training per year per employeePeople
*Omission 404-1 a.i. & ii. due to information unavailable. Continous data collection improvements during 2022.
404-2 Programs for upgrading employee skills and transition assistance programsPeople
404-3 Percentage of employees receiving regular performance and career development reviews People
GRI 405: Diversity and equal opportunity 2016

405-1 Diversity of governance bodies and employees

Our People in Figures, Board of Directors

405-2 Ratio of basic salary and remuneration of women to men

Our People in Figures

*Omission 405-2: Information unavailble for employee category. Continous data collection improvements during 2022.
GRI 406: Non-discrimination 2016
406-1 Incidents of discrimination and corrective actions takenSustainability Reporting
*Omission 406-1 b. due to confidentiality constraints. 
GRI 408: Child labor 2016
408-1 Operations and suppliers at significant risk for incidents of child labor Sustainability Management
GRI 409: Forced or compulsory labor 2016
409-1 Operations and suppliers at significant risk for incidents of forced or compulsory laborSustainability Management
GRI 412: Human rights assessment 2016
412-2 Employee training on human rights policies or procedures

Sustainability Management,

Strong customer integrity processes

GRI 414: Supplier social assessment 2016
414-1 New suppliers that were screened using social criteriaSustainability Reporting
GRI 418: Customer privacy 2016

418-1 Substantiated complaints concerning breaches of customer privacy and losses of customer data

Sustainability Reporting

GRI 419: Socioeconomic compliance 2016
419-1 Non-compliance with laws and regulations
in the social and economic area 
Sustainability Reporting

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- Annual Report 2021 -
- Årsredovisning 2021 -