Our Approach


Our materiality assessment process takes guidance from the Global Reporting Initiative (GRI) Standards. Our material sustainability factors are reviewed and endorsed by our Sustainability Steering Committee and the Board of Directors annually.

In 2022, we performed a materiality assessment to determine potential impacts arising from the changes taking place in the energy sector and our transformation journey. Our refreshed Sustainability Framework articulates our material sustainability factors and focus as we aspire to become an energy company of the future.

Our materiality assessment consists of a four-step process:

  1. Identifying a list of potential ESG aspects through landscape research, review of ESG rating reports, internationally recognised ESG standards and frameworks, peer benchmarking, as well as global and industry studies on current and future sustainability trends. The ESG aspects were then filtered down to a list of preliminary aspects relevant to our business and industry.

  2. Using the AA1000 Stakeholder Engagement Standard as our guide, we identified and mapped our stakeholders on an influence and interest matrix. We then obtained feedback on the ESG priorities of key stakeholder groups through the relevant relationship holders in the company based on their ongoing engagement.

  3. Drawing on the insights and perspectives gathered via steps 1 and 2, the ESG aspects were grouped and prioritised to form our material sustainability factors.

  4. The material factors and aspects were further refined in consultation with our leadership, and validated and approved by our board.

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