MISC’s ability to create value over the short, medium and long term is inﬂuenced by the material factors that are most important to our business and stakeholders. Our materiality assessment enabled us to gain a clearer understanding of the factors that most concern our stakeholders and have the potential to significantly impact our business. The identified material matters play a significant role in the formulation of our forward moving strategy.
The following graphic presents the process we use to derive our material matters:
The following matrix presents the Group’s material matters:
Health and safety, employee engagement and natural resource use have been added as additional material matters for the Group, as these areas are of importance to our business and internal stakeholders. In particular, ensuring the health and safety of our employees and the community surrounding our operations, are our topmost priority.
We strongly believe in continuous and proactive employee engagement as a means by which we can enhance the mental and emotional connection between employees and employers. This in turn encourages greater discretionary work efforts from our employees, higher productivity levels at the workplace, and a more focused talent management approach that is aligned with the business strategy.
As a business that is highly committed to upholding our environmental stewardship obligations, natural resource use is key in how we maintain our environmental conservation efforts, as we continue to promote environmental awareness amongst our internal and external stakeholders.