106
2013
Annual Report
42
20.6.
Related party balances
Balances payable to Group companies and associates are as follows:
Accounts payable to related parties mainly comprise loans and borrowings. The Company has recognised in
current accounts and cash equivalents an amount of Euros 5.7 million receivable from the Kutxabank Group,
which earns interest at market rates.
NOTE 21
.- Environmental Information
The Company takes into account relevant environmental legislation when conducting its global operations. The
Company has also undertaken to comply with environmental legislation, which is verified through accredited
external entities, and has procedures in place to promote and ensure compliance. The Company considers the
environmental impact of its products and services right from the design stage, and seeks to minimise this
impact through efficient and effective ways of promoting responsible use.
Since 1999 the Company has had an Environmental Management System which complies with European
Regulation 1221/2009 (EMAS III) and the UNE-EN ISO 14001:2004 standard. As a result of this commitment to
excellence in environmental management, the Company has had its Environmental Impact Declaration for 2012
validated by a renowned independent party, in accordance with EMAS regulation.
As a result of its policy on Quality, Environment and Safety in the Workplace, the Company regularly
participates in environment-related forums and initiatives and collaborates actively with its suppliers and
clients in reducing, recycling and reusing possible waste products generated by its activities, and makes the
pertinent declarations of packing and packaging materials, electrical and electronic equipment and cells and
batteries released in the market. The Company has also signed up to the Eco-efficiency of Basque businesses
Programme for 2010-2014 promoted by the Basque Government-Eusko Jaurlaritza, the main goal of which is to
make Basque businesses more sustainable, innovative and efficient, by introducing environmentally-friendly
practices in their processes.
The Company's Corporate Social Responsibility master plan for 2011-2013 includes, among other lines of action,
the strategy and programmes and initiatives to be implemented and developed for managing environmental
impact, in line with the Basque Environmental Strategy for Sustainable Development and the Framework
Environmental Programme of the Autonomous Community of the Basque Country.
As part of the STOP CO2 Euskadi initiative against climate change launched in the Basque Country, in which the
Company has been involved since 2009 as an “Asociado Plus” member, it prepared and implemented a
greenhouse gas reduction plan in 2012. The Company has also extended this commitment by calculating its
carbon footprint based on ISO 14064 guidelines and preparing the greenhouse gas emissions report for 2012. In
2013, the Company embarked upon a responsible innovation project to calculate the carbon footprint and
analyse the life cycle of its flagship product, OSOA, which integrates all of Euskaltel's services into a single
package.
Current
Non-
current
Current
Non-current
Kutxabank Group
22,682
104,978
35,005
175,795
Total
22,682 104,978
35,005
175,795
2013
2012
