ERM uses the GRI G4 Guidelines to inform our materiality assessment process. This materiality assessment sets out our material issues going forward (FY17 – the current financial year commencing 1 April 2016) as well as guiding the content for this FY16 Sustainability Report.
The results of internal and external stakeholder engagement were the primary sources of potential material issues. We also reviewed GRI’s list of topics, known as Aspects, which should be considered. In addition, we reviewed GRI’s research publication, “Sustainability Topics for Sectors: What do stakeholders want to know?” As ERM does not fit neatly in with any of the key GRI sectors, we drew from a number of the sector lists that were seen as relevant to our business.
For our next step, ERM’s Sustainability Council and our business leaders reviewed the issues and identified those that are material and therefore to be included in our Sustainability Report, based on the G4 Principles of Materiality and Stakeholder Inclusiveness. Both internal and external factors determine what we considered to be material. These include, but are not limited to, the following:
- Our overall mission and competitive strategy;
- Concerns expressed directly by stakeholders (internal and external);
- Broader societal expectations regarding our social license to operate;
- Our influence on upstream (such as supply chain) and downstream (such as client) entities; and
- Basic expectations expressed in the international standards and agreements with which ERM is expected, or has agreed, to comply.
For each of the material issues, ERM defined the boundary of impact, whether inside or outside our company and where the impact ends. If the boundary is outside of ERM, indicators are expected to be reported where data quality and availability allow.
The list of material issues and their respective boundaries were reviewed and approved by members of the Executive Committee.