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Part I
General Standard Disclosures

GRI Renewable Industries S.L. was founded in 2008 as the main provider of towers, flanges and castings for the renewable energy sector. We use cutting-edge technology to supply high quality products and services all around the world.

GRI Renewable Industries S.L. was founded in 2008 as the main provider of towers, flanges and castings for the renewable energy sector. We use cutting-edge technology to supply high quality products and services all around the world.

In 2015, the Japanese group Mitsui & CO Ltd was integrated as a partner, with the acquisition of 25% of the Company.

In 2018 GRI continues growing globally, operating in 8 countries with a total of 16 operating plants, one of which is dedicated to the offshore market.

The company operates under the brand of GRI Renewable Industries, keeping the same structure and specifying the product or service personalized to each country and region.

Wordlwide presence and main figures


Main effects, risk and opportunities


GRI Renewable Industries has varying risks inherent to its activity and to the different countries in which it operates. For this reason, it counts with a General Internal Control Framework since 2015, based on COSO (Committee of Sponsoring Organizations of the Treadway Commission), which includes:

At GRI Renewable Industries we work to mitigate and reduce all possible risks through mechanisms integrated in the organization, as is outlined next:

Governance and compliance


GRI Renewable Industries S.L. was founded on June 22 of 2008 under the name ¨Gonvarri Infraestructuras Eólica¨, later it was denominated ¨Gestamp Wind Steel¨ before taking on its current name, GRI Renewable Industries, and absorbing Gonvarri Eólica.

As of December 31, 2018, the Board of Directors of the Company comprises of six members, namely:

The Company has developed a global corporative culture that has kept the same values and principles since its origin, but which are adapted to the local necessities of each country, to the current market conditions and to the requests of stakeholders.

Furthermore, policies and formally established common guidelines are available, as are outlined next: 

GRI Renewable Industries and SDG contribution


After the approval of the United Nations Sustainable Development Goals (SDG) on September 25, 2015, which focus on eradicating poverty, protecting the planet and ensuring prosperity for all, a new agenda for progress towards 2030 was conceived, in which companies play an essential part.

At GRI Renewable Industries we believe that contributing to these goals, through responsible management consistent with our values, is essential in order to face these new global challenges and, through these, to achieve sustainable long-term growth.

Therefore, we have been joined to the United Nations Global Compact since 2013 and have been committed to fulfilling its 10 Universal Principles. In addition, with the Global Compact being the formal body responsible for tracking and reporting on the SDG, it helps us to improve our contribution.

The SDG entail a wide range of topics, among which those most related to our business and to which we can contribute in a more direct way stand out. The most relevant are outlined below.

  1. Reforestation projects and the SDG
  2. Innovation and the SDGs
  3. Education and the SDGs

Our stakeholders and materiality


GRI Renewable Industries has constant dialogue with its stakeholders through the various communication channels, as are detailed below:

Materiality study


The study identified several aspects that we grouped into 20 topics. We weigh these 20 topics to identify those most relevant to our stakeholders and to the company.

The following summarizes the 8 material topics resulting from the study:

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