Loading...

Business Model

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
to the
business

Importance
to the
stakeholder

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