What are the external stakeholders of the business?
The community is formed by NGOs, government and public administrations, academic institutions, civil society and media. These are external stakeholders of the business, although they have some impact on the decision making. They intend to achieve maximum scope and impact of the programs developed. The company´s engagement with the community is to contribute to social and economic development. This is performed by the Social Advisory Board, in cooperation with NGOs and the Sponsorship and Patronage Committee.
Shareholders (made up by 68,894 institutional and private investors) invest capital in the company to foment its growth, expecting some profit back. Their objective is to consolidate position on sustainability indexes and ensure corporate transparency. Their promises are social interests and the shared interests of all shareholders. Dialogues between the company and shareholders are carried out by General Shareholders´ Meetings, sustainability indexes and investors relations.
The environment is also affected by the running of the business, where environmental protection organizations and the government are involved. The pressures on the planet’s limited natural resources and the challenge of climate change require prompt and concerted action from them as a company. The company’s goal is to apply the Strategic Environmental Plan to respect the environment, protect biodiversity and achieve sustainable management of natural resources. This is realised by the Social Advisory Board and the Commitment to NGOs.
Inditex is within the 100 biggest companies in the world, with a total of 3,116,652,000 shares, a share capital valued in 93.5 million euros and revenue of 23.3 billion euros of net sales, in 2016, making it one of the biggest fashion retailers internationally.