Our vision in Magnet Plus is to connect the world sustainably by facilitating the evolution of the low carbon economy and support society with services that address the levelling up and well-being agenda’s.
Why ESG is important at Magnet Plus
The responsible treatment of our internal and external stakeholders is inherent to our social values and our business operations. Magnet Plus has continuously striven to support businesses, communities and people by providing high quality connectivity such as telecommunications, data and security to every corner of the country. We believe Magnet Plus is at the forefront of how people can adopt whichever working lifestyle they choose which is why in 2021, in our effort to reduce our carbon footprint, we moved to a new flexible working model by allowing our people to work up to four days from home.
Since 2021 we have developed a partnership with the Irish Centre for Diversity to demonstrate our belief that supporting Equality, Diversity and Inclusion (EDI) fosters a healthy working environment for all our staff, both present and future. This forward thinking has helped ensure strong engagement with our broad employee base, whilst also appealing to potential employees, which will enable us to develop more expansive sustainable projects far into the future.
Furthermore, Magnet Plus is very active in terms of Corporate Social Responsibility. We have made charitable contributions, both locally in our communities and further afield. In the past three years, we have partnered with the Hope Foundation and have raised almost €135,000 to support key Hope projects in Kolkatta, India such as the Punorjibon Rehabilitation Home.
These key social values are detailed in our suite of People Strategy policies, all of which are actively evolving in line with our business goals.
Magnet Plus appreciates and understands the clear relationship between a business’s approach to governance and its ultimate success. We believe that governance means “doing business responsibly” and this is a key, simple message that is transcended in everything we do. We endeavor to manage the interests and expectations of our stakeholders in a matter which upholds the basic principles of corporate governance which include; accountability, transparency, fairness, and responsibility.
We have taken the time to ensure there is a clear and structured governance framework within the business, and we adopt a continuous development approach that ensures we analyse our effectiveness and performance in relation to governance matters on an ongoing basis.
We consider a range of issues within our corporate governance strategy including management structures (including board composition, audit committee structures, delegation of authority and board of chair independence), external engagement (including lobbying activities, political contributions and conflicts of interest) and business practises (including risk management, cyber security, fraud, bribery etc.).
We have robust processes and policies in place ensure objectivity and clarity on the values and standards which are upheld within Magnet Plus.
We recognise the importance of external benchmarking and voluntary disclosure. This year, we reported to GRESB, an internationally recognised rating agency, and received a 5-star rating, a score of 96/100 and placed 2nd in our category in Europe.