As part of its corporate social responsibility

policy, Magnesitas Navarras (Magna) provides

proactive support not only in its operating

locations, but also throughout the wider Navarre

region. This Groupe Roullier subsidiary measures

the effectiveness of its engagement using the

internationally recognised Social Return on

Investment (SROI) methodology. We take

a closer look.

The SROI survey measures the social value generated as

a result of every euro spent or invested by a company as

part of its corporate social responsibility commitment.

The methodology is based on a cost-benef it analysis of

quantitative and qualitative data gathered from interviews

with stakeholders.

Quantifying and visualising the benef its created for

the region

The 80-year relationship between Magnesitas Navarras and

the valley communities of Spain’s northern Navarre region

has been built on the solid foundation of its core mission to

deliver sustainable value for local people.

The company has adopted the SROI methodology to

measure and optimise the impact of its activities.

This has enabled Magna to identify and measure key

impacts of its activities by involving all its stakeholders:

· Employees and their families

· Public and local authorities

· The regional government of Navarre and the national

government of Spain

· Suppliers

· Technology centres and universities

· Customers

· Social and professional organisations

Measuring the social

and societal benef its

generated by Magna

External recognition

for our regional commitment

The Fundación Minería y Vida works to

promote and perpetuate the traditional

vocation of social responsibility embraced by

the Spanish rock and mineral raw materials

industry. One of its initiatives is to present

awards to the most impressive initiatives

of the year. Magna received such an award

in 2024 in recognition of its support for the

Natura 2000 network and local development.

The judges were particularly impressed by

its restoration and improvement of the Ciria

and Borobia lagoons, and the work carried

out in conjunction with the local councils of

both localities and the local development

group Proynerso in the north-east of

Soria Province.

So Magna now has a comprehensive report detailing the

social outcomes it generates. The SROI methodology also

enables the company to monitor its performance as the

basis for making further progress and aligning its goals with

those of its stakeholders.

A signif icant increase in social value since 2019

The 2023 SROI survey showed that every €1 invested by

Magna generates €2.85 for society, marking a signif icant

increase in social value created since the 2019 f igure of

€2.01.

This trend has been driven by three factors:

· An improvement in the way Magna is perceived by its

stakeholders

· A signif icant increase in the positive impact of Magna

on its suppliers — as the company has grown over this

period, it has succeeded in protecting and creating jobs

within the supply chain

· An increase in the positive impact of company activity on

its employees

LEVER 2 – ENGAGING LOCAL STAKEHOLDERS – KEY PRINCIPLES

Non-Financial Performance Statement 2024 41