Our material matters guide our integrated reporting process, which is driven in turn by strategic and integrated thinking that enables sustainable value creation and preservation. These matters help us manage our risks and opportunities, and guide our commitment to our stakeholders. We determine these material matters through a detailed materiality determination process.
The purpose of our materiality determination process is to give our stakeholders insight into the matters that may affect our ability to create and preserve value over time.
Assess against
global reporting
context
Material matters for reporting purposes
Prioritising of identified matters by executives and those charged with governance
Internal interviews and interviews with board members
Review of internal documentation including risk register
Critical assessment of stakeholder reports
Analysis of external sources such as media reports and articles
Review of material matters included in the integrated and annual reports issued by peers
1
Critical assessment of stakeholder reports
2
Analysis of external sources such as media reports and articles
3
Review of material matters included in the integrated and annual reports issued by peers
4
Review of internal documentation including risk register
5
Internal interviews and interviews with board members
6
Prioritising of identified matters by executives and those charged with governance
7
Material issues for reporting purposes
Our key performance indicators (KPIs) are reflected in this strategic performance dashboard.
Exxaro’s board and executive committee monitors the dashboard quarterly to ensure we remain within our sustainability risk appetite and realise our strategic objectives.
Our approach ensures that strategy management is integrated with:
In support of Exxaro’s purpose of powering better lives in Africa and beyond, we continue to work towards improving the quality of our relationships with stakeholders. We aim to build long-term, stable and trusting relationships that facilitate business activities and create shared value for all our stakeholders.
We take a holistic approach to stakeholder engagement, believing that we are a participant in an interconnected network. As such, we view stakeholders in terms of our stakeholder universe framework, which includes stakeholders who have a material influence or have a high potential of forming part of a network of influence on the execution of the stakeholder excellence agenda. These stakeholders can be grouped into four main clusters including government (regulators), communities, value chain participants and the business community.