Materiality
Approach
Through an identification process and a materiality analysis we have determined certain aspects as material to the SLT Group and our stakeholders. The “importance” of such an aspect takes into consideration both its relevance and significance. “Significance” takes into account the probability of an adverse event occurring, in relation to a particular aspect, as well as the severity of such an event taking place. The identification of these aspects are facilitated as a result of our effective engagement with our stakeholders.
As such, these aspects can be represented in a tabulated form as shown below; and can consequently be identified as being of “medium”, “high”, or “very high” importance to the business and its stakeholders. The aspects are further cross-referenced with the GRI Content Index featured on pages 186 to 190.
Rating of material aspects
No. |
Topics |
Importance |
Importance |
Economic |
|||
1. |
Economic performance |
Very High |
Very High |
2. |
Market presence |
High |
Medium |
3. |
Indirect economic impacts |
Very High |
Very High |
4. |
Procurement practices |
High |
High |
5. |
Anti-competitive behaviour |
High |
High |
Environmental |
|||
6. |
Energy |
Medium |
High |
Social |
|||
7. |
Employment |
Very High |
Very High |
8. |
Occupational health and safety |
Medium |
Medium |
9. |
Training and education |
Very High |
Very High |
10. |
Diversity and equal opportunity |
Very High |
Very High |
11. |
Freedom of association and collective bargaining |
High |
High |
12. |
Local communities |
Medium |
High |
13. |
Marketing and labelling |
High |
Medium |