MYTILINEOS Holdings Sustainability Report
2014
MYTILINEOS Holdings Sustainability Report
2014
6
7
Evaluation of Materiality issues and determination of their impact
Materiality
The purpose of this stage was the adaptation to the criteria under the Materiality Principle, as foreseen by
the GRI-G4 Sustainability Reporting Guidelines, in order to ensure that the present Report addresses all
issues in connection with the challenges which concern the Group’s activity, together with the corresponding
issues which could materially affect the estimates and decisions made by its key Stakeholder groups. In
this context:
• MYTILINEOS S.A. designed and sent out to the Group's three subsidiaries
the materiality evaluation forms
(based on a rating scale of 1 to 5) for each sustainability issue (according to Stage A results), with precise
clarifications on the determination of their impact boundaries both within and outside the subsidiaries'
corporate environment.
• Special working meetings were organised between the Group’s CSR Supervisor and the CSR teams of the
Group's companies, to ensure the fullest possible completion of the questionnaires.
Stakeholder
participation
An evaluation questionnaire was also developed, for the same issues, based on a rating scale of 1 to 5 (each
issue could be assigned a rating ranging from "not important" to "extremely important"). This questionnaire was
e-mailed in electronic form to key Stakeholder groups. The Stakeholders were invited to rate the importance of
each issue, using as key criterion the degree of the issue's impact on their relation with the Group’s companies
(105 completed questionnaires were returned).
Results
Following the synthesis of the results of the above initiatives, the issues identified were mapped in the first
draft of the Group's Materiality Issues table. After the implementation of this stage, the number of issues was
reduced from 44 to
30
.
Validation of Materiality issues
Completeness
All significant actions and initiatives covered by the Sustainability Report 2014 refer to the environmental and
social performance of MYTILINEOS S.A. and of its three key subsidiaries in which it is the sole shareholder
(ALUMINIUMofGREECEandPROTERGIA)orthemajorityshareholder(METKAS.A.),withaprimarygeographical
focus on Greece and including also the construction sites operated by METKA S.A. abroad, in Algeria, Turkey,
Syria, Iraq and Jordan. Furthermore, this information is complemented by corresponding data on
supervised employees and on Group’s key suppliers and business partners, presented in specific sections of
the Report, such as the section on Occupational Health & Safety.
Stakeholder
participation
The completeness of the issues has been determined based on the capability of the Group's Stakeholders to
evaluate the significance and impact of the Materiality issues, without any withholding of data or information
which could affect their opinion or their decisions in the context of their relation with the Group.
Results
The final list of Materiality issues was validated during this third stage, after final control and approval by the
Management of the Group's subsidiaries. The outcome of this procedure was a list of
24 issues
, which are
shown in the final Materiality Issues table given below and, at the same time, determine the key contents of the
Sustainability Report of MYTILINEOS Group for 2014.
Stage
B:
Stage
C:
In detail:
•
STRATEGY/GOVERNANCE: 1
•
LABOUR PRACTICES: 7
•
ENVIRONMENT: 9
•
HUMAN RIGHTS: 4
•
SOCIETY: 4
•
MARKET: 5
In detail:
•
STRATEGY/GOVERNANCE: 1
•
LABOUR PRACTICES: 6
•
ENVIRONMENT: 7
•
HUMAN RIGHTS: 3
•
SOCIETY: 3
•
MARKET: 4
25
Materiality Issues table (definition of impact boundaries)
0
0
2,5
2,5
5
5
Impact on Stakeholder decision-making
Significance of impacts for the Group’s business growth
8 & 9
6 & 7
15 & 16
10 & 11
& 12
30
24
26
29
28
27
21
20
19
22
14
4
13
3
1
2
5
23
Materiality Issues
Impact
within the Group
Impact
outside the Group
The boundaries of MYTILINEOS Group are defined by the respective boundaries of operation of its
subsidiaries and their business units.
1. Environmental compliance
Elements determining the materiality of the issue outside the Group
Metallurgy & Mining Sector:
Impacts on the reduction of the environmental footprint of ALUMINIUM OF GREECE (land, sea, air, underground water
masses in the plant's wider area), as well as on the company's image and the acceptance of its role by the local communities.
EPC Projects Sector:
Avoidance of sanctions / fines, strengthening of the policy on the protection of the environment and safeguarding of the corporate
reputation.
Energy Sector:
Impact of a Legal, Production and Environmental Nature: For PROTERGIA, compliance with the approved environmental terms is a
prerequisite for the operation of the company's power plants in accordance with their respective operating licenses.
2. Strategy, investments & economic
performance
Elements determining the materiality of the issue outside the Group
EPC Projects Sector:
Impacts on the company's sustainability, its relations with investors, its support of supplier growth and, by extension, on its
contribution to GDP growth.
Energy Sector:
Impacts on the capacity to secure the company's competitive advantage, in terms of the deployment of resources in a changing
environment, in order to respond to market needs and meet the expectations of its key Stakeholder groups. Creation of value for the Stakeholder groups.
Impacts on business growth and the leveraging of effective and efficient synergies. Through its operation, PROTERGIA ensures that significant amounts
are returned to society, such as in the form of purchases from its suppliers, of taxes paid to the State and of salaries and social security contributions paid
to and for its employees.
3. Occupational
Health & Safety
Elements determining the materiality of the issue outside the Group
EPC Projects Sector:
Safeguarding of the corporate reputation of METKA S.A.
Metallurgy & Mining Sector:
Impact on the company's image and on the acceptance of its role by the local communities.
(G4-17)
(G4-18)
(G4-26)
(G4-19)
(G4-20)
(G4-21)
