Summary - GRI Economic Indicators

Economic Performance Indicators
EC1 Direct economic value generated and distributed
See Financial Reports and Accounts in Annual Report
EC2 Financial implications and other risks and opportunities due to climate change
See Chairman's Statement and CEO's Statement in Annual Report
EC3 Coverage of the organization’s defined benefit plan obligations
See Chairman's Statement and Director's Report in Annual Report
EC4 Significant financial assistance received from government
No financial assistance received from the government
EC5 Range of ratios of standard entry level wage compared to local minimum wage at significant locations of operation (Additional)
See ‘Our People, Our Priority’
EC6 Policy, practices, and percentage of expenditure on locally based  suppliers
Coillte, conducts the purchase of goods and services in accordance with Department of Finance rules and regulations, namely:
The Code of Practice for the Governance of State Bodies (2002) (PDF)
The Public Procurement Guidelines (2004) (PDF)
European Union Directives 200418/EC  (PDF)
EC7 Procedures for local hiring and proportion of senior management hired from local community at significant locations of operations
Note:  All competitions are open to all  staff.
EC8 Development and impact of infrastructure investments and services provided primarily for public benefit through commercial, in-kind, or pro bono engagement
Coillte’s main contribution in the development and impact of infrastructure investments is through the provision of a Recreation resource throughout the country which provides Access for All.  Full details can be seen at our Coillte Outdoors website and also in a report which was commissioned on the Economic Value of Trails and Forest Recreation in the Republic of Ireland (PDF) in 2005
EC9 Understanding and describing significant indirect economic impacts, including the extent of impacts. (Additional)
Coillte does not have any current research on its indirect economic contribution but an independent study on the socio-economic contribution of forestry in Ireland in Ireland, which was published by COFORD  (the National Council for Forest Research and Development) in 2006 showed the total value to the Irish economy of the three wood products sub-sectors to be €1.6 billion in 2003