Materiality

In 2019, we engaged a third-party expert to conduct a sustainability materiality analysis to identify our environmental, social and governance risks and opportunities. We decided to revisit the materiality analysis in 2020 due to the significant disruptions caused by the COVID-19 pandemic. Our goal was to determine if our stakeholders had a different view of our business priorities considering the pandemic. There were changes in both issues and prioritization.

The 2020 analysis, which used the 2019 results as a baseline, consisted of the following key components:

  • Analysis of existing internal documentation on stakeholder input, such as location-specific materiality and stakeholder analyses;
  • Survey of key employees to capture what they believed are the most significant issues for stakeholders (internal vision);
  • Survey of external stakeholders, including those representing customers, communities in which we operate, government, non-governmental organizations and industry associations; and
  • Prioritization of the material issues using the following matrix.

2020 Material Issues

Rank Topic Boundary Report Section
1 Occupational health and safety All locations Safety and Health
2 Ethics, transparency and good governance All locations Governance, Ethics and Compliance
3 Regulatory compliance All locations Legal Compliance
Environmental Compliance
4 Human rights All locations, particularly those in high-risk areas Human Rights
5 Waste management All locations Waste and Spills
6 Local commitment with communities All locations Shared Value Creation
7 Biodiversity and land rehabilitation All locations, particularly our mines Biodiversity and Mine Rehabilitation
8 Climate change All locations, particularly our refineries, smelters and casthouses Climate Protection
9 Water stewardship All locations, particularly those in water-stressed areas Water
10 Air quality All locations Emissions
11 Energy use and efficiency All locations Energy
12 Economic performance All locations 2020 Annual Report
13 Indigenous and land connected people All locations, especially Australia, Brazil and Suriname Human Rights
14 Socio-econonmic contribution and taxes All locations Shared Value Creation
15 Impoundement management Our mines and refineries Impoundment Management