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16 Independence Group NL
STAKEHOLDERS AND MATERIALITY
This report seeks to address those matters that are material to assessing the
sustainability of our performance. We have determined these issues based on a
range of considerations. They include both socio-economic and environmental
risks and opportunities that potentially have a significant negative or positive
impact on our business and our stakeholders.
Clearly, central to this assessment are the views of our stakeholders. We have
identified our stakeholders and have sought to understand the matters of
interest and/or concern to them. This process included reviewing:
•
community feedback
•
significant events during the year that related to both IGO specifically and
the industry in general
•
current public IGO commitments and obligations
•
analyst and media calls as part of the financial report cycle
•
approaches from industry watch groups
•
peer company reports, daily media monitoring and workforce feedback
•
international sustainability reporting initiatives and sustainability topics
raised by key stakeholders, including government and local communities.
The materiality assessment process identified 45 material issues. Following the
ranking process, the issues were plotted according to their potential business
impact and importance to stakeholders. The IGO Leadership Team and the
Board reviewed and approved the ranking of the material issues listed. In turn,
this list has informed the structure and content of this report.
It is IGO’s assessment that our process for assessing material issues for inclusion
in this report was largely in line with ICMM and GRI requirements. However, we
have opportunity to improve and this is addressed further in the Social Impacts
section of this report.
Many
hundreds
the number of
stakeholders with
an interest in our
business