FGV Annual Report 2017

ANNUAL INTEGRATED REPORT 2017 CREATING VALUE 13 ASSESSING OUR MATERIAL MATTERS OUR APPROACH FGV aims to present a holistic and accurate view of our strategic thinking and responses to the issues in our operating landscape. These issues are significant to our Stakeholders and may impact our long-term value creation. In 2017, we engaged an independent consultant to perform the materiality assessment exercise. This exercise provided independent insights that helped us to validate the issues that we have identified, whilst uncovering new matters of significance to our Stakeholders and our business. Several factors were taken into account in identifying these material matters, including: • The material matters of 2016; • Issues highlighted by our key Stakeholders in previous engagements; • Significant issues discussed during our Board meetings; • The most significant risks highlighted in our risk register; and • Issues relating to global megatrends and Sustainable Development Goals (SDG). The above formed the first step in this four-part process: Interview Key Stakeholders A total of 57 interviews were conducted with key internal and external Stakeholders, where they ranked the identified issues according to how important they were to the Stakeholders. This gave us a better understanding of their concerns and perspectives, whilst unearthing several new material matters. Identify Material Matters We performed a preliminary round of interviews and engagements, studied our risk register listings, industry research publications and other factors that should be considered in determining issues of significance. This served to achieve a balance between consistency and the injection of new perspectives into the process. Identify Develop Materiality Matrix Stakeholders’ rankings were then collated and presented in the matrix shown on page 14. These issues were also mapped to our corporate sustainability pillars (Economic, Environment, Social); in line with the holistic approach we take to the formulation of our business strategies. Validation Materiality Matrix The matrix was then reviewed and validated by senior management personnel to check for completeness and ensure all angles have been covered. Interview Develop Validate