Implenia is refocusing its group-wide functions. From now on, these will provide their services via business partners in the divisions and report directly to the relevant function heads. The Group will become much more agile as a result, particularly with regard to the design of efficient cross-disciplinary processes and the definition of group-wide standards.
The functional heads of Finance, HR, Legal, Strategy, IT and Marketing/Communications will now report directly to the Group CEO. Controlling, Insurance, Reporting & Tax, Treasury & Investor Relations and Procurement all report to the CFO. The new organisational structure relieves the burden on divisional management levels, shortens communication paths and improves functional management of employees.
Implenia’s Treasury Department renewed and increased the Group’s syndicated loan in spring 2018. It thus became the first industrial company in Switzerland to link its applicable credit margin in part to its sustainability performance. This is based on an assessment by a leading global provider of research and ratings on environmental, social and governance (ESG) issues, which awarded Implenia an outstanding 77 points, making the Group a leader in the construction industry and a pioneer of “green” credit financing. The fact that the Group’s many years of sustainability work are having a clear monetary impact on its funding situation is a real success.
In the wake of Implenia’s continuing internationalisation, the Group worked intensively during the past financial year on further improving group-wide processes, including introducing new IFRS standards for Accounting, and building up Financial Controlling within Treasury, the Group renewed its systems and initiated preparations for the introduction of a new Value Assurance tool. In partnership with its suppliers, the Group continued to improve the processes used for comprehensive supplier assessment. Taking a 360° approach, Implenia makes clear demands of its suppliers and partners in order to ensure high quality in the execution of its projects. During the year under review, Implenia also renewed various insurance services and negotiated better terms.
Under the leadership of the Legal unit, the process of sensitising employees to Implenia’s Code of Conduct, and ensuring compliance with the Code, was further strengthened. The Code of Conduct remains one of the most important tools for preventing corruption, upholding competition law and ensuring data protection within the Group. Following the entry into force of the EU’s new data protection law in May 2018, the Group overhauled its processes. Among other things, it created processes and documentation for the correct handling of images and videos, and built up a group-wide media database for the use of data protection-compliant content.
The Group has formed several specialist teams to implement its new strategy. These teams are driving forward the group-wide initiatives designed to achieve Implenia’s strategic priorities. The functional units use their specialist expertise to advise on and support this process.
Integration of all the IT locations taken over along with Bilfinger Hochbau was completed in 2018. Within the “Kairos” project, RIB iTWO software was introduced to help with calculations at Buildings Switzerland. SAP S/4 HANA was mobilised, measures were initiated to harmonise business processes, and a prototype based on the “Krokodil” project is currently being implemented at Lokstadt in Winterthur. A “Cloud-first” strategy was initiated to revise and expand the IT Security and Risk Framework. IT projects started in 2018 will be continued and developed further in 2019.