Corporate Social Responsibility

IDMSA Brokerage House
Corporate Social Responsibility
2011 Report
Table of Contents
1. Table of Contents [GRI: 3.12]
2
2. Introduction [GRI: 1.1]
3
3. IDMSA BH’s Profile [GRI: 2.1-2.8, 2.10, 4.1]
4
4. Financial Results
10
5. CSR Strategy [GRI: 4.8]
12
6. IDMSA BH’s Corporate Social Responsibility [GRI: 4.14, 4.17]
16
•
a. Shared Responsibility for the Underprivileged
17
•
b. Honesty to Partners
19
•
c. Support for the Development of Culture
22
•
d. Historical Memory
26
•
e. Care for the Environment
29
•
f. High Working Standards
31
•
g. Education-Related Activities
34
7. Targets for 2012
36
8. Contact Data in CSR Policy Related Issues [GRI: 3.1-3.4]
38
Dear Sirs,
I am pleased to provide you with an overview presenting corporate social responsibility activities
undertaken by IDMSA Brokerage House in 2011.
For many years, we have been ascribing great importance to CSR issues - we are strongly engaged in
charity, we support many undertakings related to the preservation of historical memory, and we
observe ethical standards, too. We believe that involvement in social projects should be inherent in
every company’s strategy – not only as a moral obligation, but also as an activity which stimulates the
development of social and economic environment surrounding business.
Grzegorz Leszczyński
President of the Management Board of IDMSA Brokerage House
IDMSA BH’s Management Board and Proxies
Management Board:
 Grzegorz Leszczyński – President of the Management Board
 Rafał Abratański – Vice-President of the Management Board
Proxies:
 Piotr Derlatka
 Łukasz Jagiełło
4
IDMSA BH’s Supervisory Board
 Henryk Leszczyński – Chairman of the Supervisory Board
 Władysław Bogucki – Member of the Supervisory Board
 Antoni Abratański – Member of the Supervisory Board
 Andrzej Szumański – Member of the Supervisory Board
 Adam Szyszka – Member of the Supervisory Board
 Dariusz Maciejuk – Member of the Supervisory Board
 Jerzy Karney – Member of the Supervisory Board
5
IDMSA BH’s Profile
 Independent brokerage house, operating since 1993;
 As at end of 2011, it employed 192 employees;
 Leading position on the primary market and strong position on the
corporate services market in Poland;
 The first brokerage house listed on the Warsaw Stock Exchange
(since 2005);
 Brokerage house consistently building a Polish group in the financial
services sector
6
Full Range of Brokerage Services
IDMSA
Brokerage House
Brokerage services
(stock trading)
Capital transactions
Primary market
Private market
FX market
Other capital transactions
Portfolio management
Advisory services
Network of 14 Customer Service Centres
7
Scope of Financial Services
WSE Platform
Individual investments
(fundamental or speculative)
(shares, bonds, derivative instruments etc.)
Pre-IPO, IPO
IDM TRADER Platform
(currencies, commodities, foreign stock etc.)
Services
for retail
customers
(14 CSCs)
Pooled funds
(open-end and closed-end)
Private Banking
IDEA TFI (non-benchmark funds,
hedge funds, securitisation funds, preIPO funds, real property funds, umbrella
fund)
Third party products
(under own or third party brand)
Asset Management
The above scope of activities plus:
Services for
corporate clients
Corporate finance (fund raising, pre-IPO, IPO, mergers, acquisitions, acquisition and
disposal of enterprises and qualifying holdings etc.)
Services within IDEA TFI’s scope of operation
(setting up private, customised funds)
Hedging (currencies, commodities)
8
IDMSA Brokerage House Financial Group
9
Financial Results
IDMSA BH (PLN ‘000)
2011
2010
Change (yoy)
Revenue from core activities
48,178
57,612
-16%
Costs of core activities
43,578
37,953
+15%
4,600
19,659
-77%
-23,415
24,029
-
-180,473
27,795
-
Profit/(loss) on core activities
Operating profit/(loss)
Net profit/(loss)
IDMSA BH Group (PLN ‘000)
2011
2010
Change (yoy)
125,740
123,216
+2%
Costs of core activities
94,566
75,069
+26%
Profit/(loss) on core activities
31,174
48,147
-35%
Operating profit/(loss)
-229,437
58,282
-
Net profit/(loss)*
-264,150
41,026
-
Revenue from core activities
* attributable to shareholders of the Parent
10
Financial Results Broken Down by Operating Segments
2011
PLN ‘000
Brokerage
and advisory
services
Fund
management
Debt trading
Trading in
mortgage debt
Investments
in e-business
undertakings
Total
Total segment revenue
42,926
46,472
33,475
2,687
180
125,740
Total segment costs
39,151
38,901
13,717
2,202
595
94,566
3,775
7,571
19,758
485
-415
31,174
-63,393
-364
-4,572
2,622
3,323
-62,384
-854
174
-197,598
-30
81
-198,227
Profit/(loss) on financial
transactions
-19,753
424
-17,933
-2,305
-206
-39,773
Segment net
profit/(loss)*
-72,557
5,011
-200,329
1,938
1,787
-264,150
Segment assets
827,909
15,673
221,644
36,740
10,506
1,112,472
Segment results
Profit/(loss) on capital
transactions
Profit/(loss) on other
operating activities
*attributable to shareholders of the Parent
11
Strategy of IDMSA BH’s CSR
Since the launch of its activities, i.e. since 1993, IDMSA Brokerage House (then still under the name
of Krakowski Dom Maklerski S.A.) has been highly engaged in more than just a business aspect of its
operations. As any enterprise, also IDMSA Brokerage House, in its day-to-day activities, functions in a
given system: in the natural environment and in a local community. The Corporate Social
Responsibility concept, which encompasses care for the environment, interests of a local community
and care for employees, has always been a priority for IDMSA Brokerage House.
IDMSA Brokerage House bases its policy on trust, won both across Poland and in its local area, not
only thanks to the high quality of services rendered, but also due to the Company’s involvement in the
life of the local community by means of supporting its cultural activities, providing funds for children
and young people in need and actively supporting public service bodies. Believing in the necessity to
develop science, we provide funds for projects organised by students and doctoral candidates and we
co-operate with academic scientific organisations, thereby contributing to building flocks of young
vibrant scientists.
Strategy of IDMSA BH’s CSR
The CSR strategy pursued by IDMSA Brokerage House is directed both outside and inside of the
Company. The first dimension involves the adopted Environmental Policy together with the
Environment Management System, and the system of rules governing the selection by IDMSA
Brokerage House of its business partners, which consists in taking into consideration the involvement
of any future partners in environmentally friendly and social activities. The second direction points to
the Company itself. It is set by the Ethics Code and Performance Assessment Rules, and is aimed at
stimulating the employees’ development, increasing their commitment to the Company’s activities and
forming harmonious teams, better coping with challenges facing them.
We would like to expressly underline that we perceive actions performed as part of the CSR strategy
and expenses related thereto as investments, rather than costs. Naturally, business decisions
undertaken by our management are always examined in economic terms; nonetheless, we attach
equal importance to social and environmental aspects.
Strategy of IDMSA BH’s CSR
In our activities, we are guided by the principles of transparency, policy of openness as regards our
business partners and of building positive relations with them, in the belief that in such a way we
contribute towards improvement in social governance and forming of good commercial practices.
The CSR strategy of IDMSA Brokerage House follows assumptions providing for the creation of
balance between financial results, and social and environmental costs. The strategy’s objective is the
constant development of the first aspect, combined with the minimisation of the latter. The areas,
where the CSR strategy is implemented, are as follows:
•
responsibly run business,
•
commitment to socially significant issues,
•
high working standards, combined with continued development of employees,
•
supporting broadly understood culture and art,
•
reinforcing and promoting high ethical standards in business and employment,
•
natural environment and its protection,
•
local community.
Strategy of IDMSA BH’s CSR
Acting for the benefit of our stakeholders, we strive to implement innovative management techniques,
thus reducing burden for the nature. It is necessary to preserve balance and not to disturb the
environmental equilibrium. Any office which is reasonably managed and has environmentally
conscious staff translates into the actual reduction of detrimental emissions, contamination produced,
and energy use. Thereby it positively affects the environment. Small decisions concerning recycling,
equipment utilisation, saving water or reducing power consumption have a bearing on the condition of
our surrounding environment.
IMDSA Brokerage House’s employees underlie the Company’s strength. Therefore, we apply particular
care at the recruitment stage so as to ensure that we have chosen the best specialists in their
respective fields. We strive to employ young and energetic people, while concurrently paying
attention to their experience. As part of employment terms, we offer development programmes, such
as for instance courses of foreign languages. We also believe in the power of team work, trying to
build responsible teams, ready to carry out assignments set for them.
IDMSA BH’s Corporate Social Responsibility
Shared responsibility
for the
underprivileged
Educationrelated
activities
High working
standards
Care for the
environment
Honesty to
partners
Support for
the
development
of culture
Historical
memory
16
Shared Responsibility for the Underprivileged
Shared responsibility for
the underprivileged
Działalność
proedukacyjna
Wysoki
standard
pracy
Dbałość o
środowisko
Uczciwość
wobec
partnerów
Wsparcie dla
rozwoju
kultury
Pamięć
historyczna
17
Shared Responsibility for the Underprivileged
 Since 2005 IDMSA Brokerage House has been continuously supporting the Fundacja im.
Brata Alberta (Brother Albert’s Foundation) foundation, assigning PLN 0.5 from each
stock order placed by our clients for the foundation’s statutory purposes;
 In
2011,
we
contributed
PLN
397.9
thousand
to
charity,
including
PLN 92 thousand for the Fundacja im. Brata Alberta foundation.
18
Honesty to Partners
Współodpowiedzialność
za słabszych
Działalność
proedukacyjna
Wysoki
standard
pracy
Dbałość o
środowisko
Honesty to
partners
Wsparcie dla
rozwoju
kultury
Pamięć
historyczna
19
Honesty to Partners
 Thanks to activities undertaken in recent years, we were included into the exclusive group
of companies forming the RESPECT Index. The index gathers stock companies acting in
compliance with the best management standards as regards corporate governance,
information governance and relations with investors, as well as those involving
environmental, social and employment issues.
 As a member of the Chamber of Brokerage Houses, we have committed ourselves to
observe standards established by the Brokerage Houses Good Practice Code.
 We have developed our own IDMSA BH’s Code of Ethics, representing our business
credo, and we periodically verify its effectiveness.
20
Honesty to Partners
 Proper communication with the market is an exceptionally important part of a public
company’s activity. We devote particular attention to communication with individual
investors. Therefore, for several years we have been actively participating in the Akcja
Inwestor action co-organised by the Puls Biznesu daily, involving also the Warsaw Stock
Exchange as a partner. In recognition of the fact that we provide timely and elaborated
answers to questions raised by investors, the Puls Biznesu portal honoured us with the
Odpowiada Inwestorom (Responds to Investors) logo.
21
Support for the Development of Culture
Współodpowiedzialność
za słabszych
Działalność
proedukacyjna
Wysoki
standard
pracy
Dbałość o
środowisko
Uczciwość
wobec
partnerów
Support for
the
development
of culture
Pamięć
historyczna
22
Support for the Development of Culture
For each Christmas and Easter we prepare postcard drafts to be subsequently sent to our
partners and to stakeholders in IDMSA Brokerage House. This year’s Christmas card
presented, as always, the work by a young artist from the Fundacja im. Brata Alberta
foundation.
23
Support for the Development of Culture
 IDMSA Brokerage House was a partner of the SomeBody@SomePlace exhibition
which took place in October and November 2011 in Brussels and London in connection
with Poland’s presidency in the European Union. The exhibition’s highlights involved
works by Maksymilian Novak-Zempliński, a renowned Polish artist of the young
generation.
24
Support for the Development of Culture

In June 2011, IDMSA Brokerage House, together with the Fundacja Droga Życia (Way of Life)
foundation, organised a unique vernissage of an art exhibition gathering works by
distinguished painters. To honour the occasion, the duet of Ms Anastasia Chernysheva and Mr
Maciej Pajorek gave a piano concert.
25
Historical Memory
Współodpowiedzialność
za słabszych
Działalność
proedukacyjna
Wysoki
standard
pracy
Dbałość o
środowisko
Uczciwość
wobec
partnerów
Wsparcie dla
rozwoju
kultury
Historical
memory
26
Historical memory

IDMSA Brokerage House covers with its patronage a number of cultural and artistic events. Together
with the Warszawskie Stowarzyszenie Rodzina Policyjna1939 r. (The Policy Family 1939 Warsaw
Association) association and the Faculty of Sculpture of the Academy of Fine Arts in Cracow, we
organiseda Polish national competition for a medal – small-scale sculpture “Wdowom Katyńskim”
(For Widows of Katyn). Medals, cast based on the project selected in the competition, were handed
to widows of the Polish army officers and policemen murdered in Katyn, Kharkov and Mednoye, in
a ceremony dedicated to them conducted in the Royal Castle in Warsaw.
27
Historical memory

The concert entitled “Morowe Panny” (Rattling Maidens) is another artistic undertaking organised
under the patronage of IDMSA Brokerage House, this time in co-operation with the Warsaw Rising
Museum. The event, which took place on 19 July 2011, marked the beginning of official celebrations
of the 67th anniversary of the outbreak of the Warsaw Uprising. Female artists
representing various music genres – from reggae or hip-hop to rock – appeared on stage. The
songs’ lyrics were created based on direct relations of the women who took part in the Warsaw
Uprising. The unusual account of the 1944 events, seen through the eyes of the women fighting to
defend their country, was a very inspiring history lesson.
Care for the Environment
Współodpowiedzialność
za słabszych
Działalność
proedukacyjna
Wysoki
standard
pracy
Care for the
environment
Uczciwość
wobec
partnerów
Wsparcie dla
rozwoju
kultury
Pamięć
historyczna
29
Care for the Environment
 We monitor our business partners’ activities related to the compliance with the
environment protection requirements which we set for them. Every current and future
IDMSA Brokerage House’s business partner is obliged to pursue the Environmental
Policy, while concurrently having the Environmental System in place, taking into
account the nature of its activities, their scale, type and the extent of its pollution
emissions. With these tools we are able to enforce environmental awareness.
30
High Working Standards
Współodpowiedzialność
za słabszych
Działalność
proedukacyjna
High working
standards
Dbałość o
środowisko
Uczciwość
wobec
partnerów
Wsparcie dla
rozwoju
kultury
Pamięć
historyczna
31
High Working Standards
 Having our employees at heart, we have set up an HR Department whose scope of
duties includes the application of a personnel policy, healthcare and group insurance
related issues, and the organisation of training programmes aimed at the constant
enhancement of qualifications of IDMSA Brokerage House’s staff.
 In 2011, activities undertaken by us with the view to improving working conditions of
young mothers under the strategy “Family-friendly IDMSA Brokerage House”
produced tangible effects. IDMSA Brokerage House was awarded in the fourth edition
of the “Mama w pracy” (Mum at Work) polling organised by the Fundacja Świętego
Mikołaja
(Santa
Clause
Foundation)
foundation,
Rzeczpospolita
daily
and
MillwardBrown SMG/KRC.
32
High Working Standards
 At IDMSA Brokerage House, we care to form a deeper bond between the Company
and an employee. Apart from activities of a general nature, it is also important to see
specific problems of particular individuals in an exceptionally difficult situation. Bearing
this in mind, for five years IDMSA Brokerage House has been supporting treatment and
rehabilitation of its former employee who is under care of Anna Dymna’s Mimo
wszystko (Against the Odds) foundation.
33
Education-Related Activities
Współodpowiedzialność
za słabszych
Educationrelated activities
Wysoki
standard
pracy
Dbałość o
środowisko
Uczciwość
wobec
partnerów
Wsparcie
dla rozwoju
kultury
Pamięć
historyczna
34
Education-Related Activities
 IDMSA BH was one of the main sponsors of the chess Independence Tournament
“In Tribute to Founding Fathers of the Second Polish Republic, Creators of
Its Chess Supremacy”, which took place on 11 November 2011 in the Olympic
Centre in Warsaw. 192 competitors participated in the tournament, with the majority
thereof being school children up to 18 years of age – the youngest participant was 5
years old, while the oldest competitor was 81 years old. For the best female and male
junior competitor in the category up to 18 years IDMSA Brokerage House funded the
Ludomir Benedyktowicz Award – named after the partisan in the 1863 Uprising,
a painter, the founder and first chairman of the Cracow Chess Club.
35
Targets for 2012
1. Shared responsibility for the underprivileged:
•
further charity activities;
•
continued co-operation with the Fundacja im. Brata Alberta foundation;
•
supporting an orphanage (employees’ voluntary contributions)
2. Honesty to partners:
•
compliance with provisions of codes adopted by the Company;
•
dissemination of ethical principles among new employees at IDMSA Brokerage House;
•
reliable communication with investors and clients
3. Support for the development of culture:
•
co-operation with the Fundacja im. Brata Alberta foundation (promoting paintings created by people
under the foundation’s care, providing funds for painting classes);
•
co-operation with the Droga Życia foundation (supporting Polish artists, arranging exhibitions)
4. Historical memory:
•
co-operation with the Pokolenie association;
•
distribution of history-related publications
Targets for 2012
5. Care for the environment:
•
introduction of monitoring over the use of paper, envelopes, fuel and energy
6. High working standards:
•
offering flexible employment forms;
•
access to supplementary healthcare services;
•
facilities for mothers and fathers allowing them to combine their professional life with the role of
a parent;
•
reimbursement of higher education costs;
•
reimbursement of costs of foreign language courses;
•
fringe benefits, including the Company Social Benefits Fund;
•
training for employees, tailored to their individual needs (following previous employment assessment)
7. Education-related activities:
•
running training sessions for clients, pertaining to investments on foreign markets (one of the most
complex segments of the capital market);
•
promoting healthy lifestyle (sport).
Contact Data in CSR Policy Related Issues
IDMSA Brokerage House has been preparing CSR reports since 2010 (financial year). They are prepared on an
annual basis (plus additionally the abridged version after the first six months of a given year). The last report was
released in March 2011 (annual one) and in August 2011 (interim, semi-annual one).
This report was prepared according to GRI guidelines – C1 application level.
CRS contact data:
Beata Jarosz
Marketing and Promotion Director
tel. (+48) 600 057 582
e-mail: [email protected]
Magdalena Wichrowska
Executive Office Director
tel. (+48) 606 291 635
e-mail: [email protected]
www.idmsa.pl