6 minute read

Materiality and GRI Reporting Standards

Richard Clifton-Smith
28 August 2017

Each year we publish a sustainability report to provide a transparent account of our performance against the social, environmental and economic challenges facing our business, industry and community.

We recognise that stakeholders want to know about our performance across a range of issues. We're also aware that some issues are more critical to our sustainable business operations than others.  That's why assessing the 'materiality' of issues is a key, early step in our sustainability reporting.

We aim to strike a balance between broad disclosure across a wide range of issues, and providing focused and accessible information on the key issues that are most important to our stakeholders.

The material issues in our 2017 Sustainability Report are:

How do we define a material issue?

During FY16, we undertook an independent review to gauge what issues matter most to our stakeholders. The output of the review was a materiality matrix and a list of 12 material issues that were used to shape our sustainability reporting framework. To maintain consistency, comparability and an internal focus on our sustainability priorities, the material issues identified during FY16 have been retained for FY17, with one minor adjustment - for streamlining, we mergedthe topic of 'energy efficiency' under the broader issue of distributed energy services, due to the high degree of congruence between the two issues.

We intend to revisit the materiality review during FY18 to confirm our sustainability priorities for FY18 and beyond, to ensure that our report continues to reflect views of our stakeholders, both outside and within our business.

You can explore the results from the materiality review in our interactive materiality matrix.

How do we go about our sustainability reporting – are there any guidelines to follow?

We prepare our Sustainability Report in accordance with the GRI Sustainability Reporting Standards (GRI Standards). The GRI Standards are designed to be used by organisations to report about their impacts on the economy, the environment and/or society. The GRI Standards were launched in October 2016 to replace the previous GRI G4 Guidelines, which will be phased out by 1 July 2018.  This is the first year we’ve reported against the GRI Standards.

For the purposes of applying the GRI Standards in our Sustainability Report, we mapped our material issues against the available topic-specific GRI Standards.

Visit the about this report section of our 2017 Sustainability Report to find out more about how we prepare our Report.